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<h3>ES - Breakout Fakeout</h3>
Trade Notes:

I think I pretty much broke even'ish here (not counting comms) but a great trade in terms of execution (IMHO). Had all my setup criteria. Also since it did have all my criteria I'm started to size up by adding an additional leg. Still working out the mechanics but excited for the next evolution of this setup now that it has seemingly proved itself.


Trade thesis
I was watching to see how buyers reacted to price when it came down to that brick of liquidity around 5317. Some of it pulled but a lot also transacted. So what I wanted to see happen is:
IF sellers get suckered into driving price down lower
AND their selling volume drys up
AND buyers step in driving price back into the range on high volume
THEN i'm getting in long


IF the selling volume continued then I'd probably sit it out because then I'd be confused and have to reassess what I see.


Grade:
A - Good pair of entries. Maybe the last leg in could use some refinement but still working that out.
B - Good exits. First partial was right where it needed to be before price turned around. Trailing stops could have been tigther. Gave back too much profit here.


A trade. Way better than this trade I took earlier ⁠📚〢bookmap-academy⁠. Better variables, better criteria, better confluence. Trailing stop could have used some work. But all in all good - Robb.

Insights

ES - Breakout Fakeout