celestial Long /ES -$226.74 (-0.11%) on Tradovate in Default May 26, 2023
Performance Metrics
Entry CPU 4,210.00 Max Cost $4,210.00
Exit CPU 4,205.50 Open Value $0.00
Max Qty 1 Current Qty 0
Fees $1.74 Dividends $0.00
Commissions $1.74 Net P/L $-226.74
Reg Fees $0.00 Net % -0.11%
Portfolio
Review cash deposits and withdrawals to see size vs portfolio.
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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.

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Transactions
2 entries
Sort Date Side Amount Price Commission Exchange / SEC Current amt Current value
1685103739 2023-05-26 12:22:19 Exit
1685101305 2023-05-26 11:41:45 Entry