Trade plan and Price action review: (Price action)ES opened above value after gaping up in globex session. Buyers were active pushing up into resistance areas and grinding higher throughout the day with a few PBs along the way.
(Trade plan) The focus was on the long side at support. We opened right at support and buyers pushed up and broke the globex highs area. We pulled back into the 50% retrace and the support level also the globex highs and buyers were active pushing ES back making new highs. There were a few opps to get long with the buyers toady. My plan seemed to be in line with the general market behavior today.
Trades review: (Hypothetical)
(Actual)
1st trade: Type of Set up: Reversal resistance
(Technical)I was short at 81.25 and looking for the sellers to close the gap. This was counter to my analysis but the set up was clean it just didn't follow through to my expectations so i scratched for + 2 ticks.
(Emotional) I felt confident taking this trade. It wasn't ideal for my analysis because it was counter trend trade but the stars aligned so i took it.
(Execution Grade) A no heat and i was able to scratch without a loss
(BSO Points) +.50 points
Conclusion of the day and thoughts going forward: I still had some interference with work today so wasn't pushing my trading as much as i would have liked. There was a few opps i missed but I'm OK with it. My morning plan was in line with the market and i felt good going into the day. Just need more time to concentrate on trading without the work issues. But time will tell if i am on the right track.
BSO Points for the day: +.50 points
Winners:0
Losers:0
Scratches:1
Grades for the day:
Following my plans: C I traded counter to my pre market analysis
Following my rules: A No issues there.
Emotions in check: A I didn't feel like i was missing anything today.
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