celestial Closed /ES [Future] Long Tradovate Default
May 26, 2023 P&L %: -0.11% P&L $: $-226.74
Featured Image / Proof
Trade proof for celestial's /ES trade
Performance Metrics
Entry CPU4,210.00
Exit CPU4,205.50
Fees$1.74
Dividends$0.00
Max Amount1
Current Amount0
Max Cost$4,210.00
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.

Auto-generated Chart BETA
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Transactions
2 entries
Sort Date Side Amount Price Commission Reg Fee Current amt Current value
1685103739 May 26, 2023 12:22:19 Exit
1685101305 May 26, 2023 11:41:45 Entry

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