1 ES Contract Long Entry.
I'm keeping things rather refined as I continue to learn my way around the new TB platform. I am making some notes for the developers as I go. So, just a heads up to that great crew.
Back to it then...
As some may have noticed, I've modified the bar colors to what I'm used to looking at, but still have yet to make the adjustments with the tools. Fibonacci Ratios, ATMs, Hot Keys and such...
So, here you'll see I took an Entry Long 1 ES contract.
My target objective sits up at 6134. It is my projection to an initial target. In this particular case I have only 1 Target, so it fits perfectly.
As for keeping with the rule set that I have loosely outlined in my previous posts, it appears that I have entered into the Position a little late.
Well.... Yes and No.
I'll explain. Though I was scoping the 6122.75 for entry, take notice that Price was still in a prior range and price was not really letting on that anything other than pacing was going to continue on for a bit longer. (as it proved to do)
I was looking for a BOS with a little fire 🔥 under it. As I continued to monitor the Order Flow I discovered a slight uptick in Positive Delta and Volume, although Negative Delta still remained steady.
My thought process here is, price is targeting BSL and could potentially punch through to higher levels. So I was prepared should price kick up then quickly retreat. (I didn't believe that It would I saw some higher ground to target, but I was prepared nonetheless)
So I entered in with a Market Order (with slippage) and got filled Long at 6126.50 🤷♂️ I believe it proves to be a safer entry although I could say that I sacrificed 3 points for a safer entry. No worries on my end. There's always plenty of opportunities just waiting to be had and I'm not one to get mentally trapped within an instance in time... Ya' See?
So, 6126.50 got me in and look at that rather large Up Candle just take my order and fly into the sky...
As price continues to climb higher...
and higher...
and higher...
Until my profit objective was achieved.
Target Hit! 🤯
A little projection never really hurt anything.... unless it was executed incorrectly. 😅
This particular trade yielded a $7.5 point gross profit - 30 Ticks
Resulting in a $375 gross profit
Just wait until I learn this platform relatively well.... Then, I'm going to be really dangerous. 🤘😎
Can You Stand It?