- Mentally started the day right. Not as much of a pre market self analysis as yesterday, but some. I could tell I was in the right mindset.
- What helped me today from making a mistake after getting stopped out on my first trade, was prior to losing telling myself “the trade is here. everything aligns. we have momentum. my stop loss is set properly. if my stop gets hit, that means the trade is invalidated and I need to move on and not chase anything.” And that specifically is what helped me take this loss easier. “If my stop loss gets hit = trade is invalidated and I need to wait for next opportunity”
- Price here is inside of 4h FVG and also 15m FVG. NQ swept pdh much quicker than ES, so I was anticipating a reaction from this area.
- Formed a solid CISD here with everything aligned - SMT present - strong momentum on CISD, leaving behind a 1m gap.
- Shortly after getting stopped out, ES reached PDH.
- This is another trade I was looking at earlier, but I did not like how NQ already swept out the draw which was PDH.
2PM Trade:
- 15m FVG being tapped on NQ, ES not even close to it. Clear SMT.
- Delivered CISD, and formed 1 minute FVG within that area, looked like a pretty good setup.
- BUT, the one thing we were lacking here was HTF bias, as currently price was inside of 4H FVG, and last 4H candle closed inside of it, therefore telling us we shouldn’t draw towards high of day.
- 1:1 RR working here.
- ALSO, there is another trade here prior just simple momentum using new 5m candle and 1m FVG.