Traders —
I hope you had an awesome trading day.
An OK day, getting used to our new entry / exit strat.
Let’s recap and plan for the next session.
Recap
Below were our plans coming into the session.
ES
NQ
Below were our levels & how they fared. Inflection levels = bullish biased above & bearish biased below.
ES
NQ
RTH
In the morning we caught a nice short at ES 5280, but as I was typing, I missed the re-entry on it. Price did end up selling 30+ handles — a heartbreaking missed re-entry. I tried buying the dips a couple times, and shorting the rip a couple times which was hit or miss. Pretty much a breakeven day. I am working out the kinks and getting used to the new entry / exit strategy ATM which is going flat at 1-2R and re-entering if / when price comes back, instead of moving my stop to even after price goes a few handles in my favor. I think in the long run, this will help us, but will adapt as need be if it is a complete failure. Flexibility in this market we are currently in is even more important I think than in recent years.
Market Structure