celestial's /ES Trade -226.74

Trade Detail

celestial's /ES Trade -226.74

Trade Details

Published

June 3, 2023, 10:14 p.m.


Status
CLOSED

Portfolio(s)

Default,


Broker

Tradovate

Asset

Future

Future Date

June 16, 2023

Future name

/ESM23

Symbol

/ES - View rating


Type

Long

Pattern(s)

Imbalance Rejection,

Featured Image / Proof

Stats

Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $ P&L With Fees
4,210.0 4,205.5 1.74 1.0 4,210.0 -0.11% -225.00 -226.74

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Notes

Hypothesis: Price would reach into a fair value gap above, and then get rejected into the downside.

Mistake: Didn't realize that under the gap above was resistance, and if that resistance was broken the fair value gap would become support.

Result: Price broke resistance, entered the fair value gap, but rather than rejection, price created a new gap during the breakout and used it as support, rising higher and stopping me out.

Lesson Learned: Watch how price interacts with fair value gaps before entering a trade, and watch for resistance near gaps, if resistance is broken the gap becomes liquidity to move higher.

Transactions

Date Side Amount Price Commission Reg Fee
May 26, 2023 11:41:45 Entry 1.0 4,210.0 0.87 None
May 26, 2023 12:22:19 Exit 1.0 4,205.5 0.87 None

RGLS 19.96

Portfolio(s): Day Trading Momo,
Last entry March 12, 2024, 11:25 a.m.

WBX 1.50

Portfolio(s): Day Trading: Small Caps & Large Caps,
Last entry Oct. 26, 2021, 9:10 a.m.

US 500 -1,300.00

Portfolio(s): Default,
Last entry Nov. 8, 2022, 9:57 p.m.



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