Ok, so today after the cash open IMHO has been a Chop-Fest. Price has been targeting a couple of specific areas then just scrub brushing the area creating decent sized HVNs.
Anyhow, if anyone has been following or reading along, you'll know that I don't trade on the open or into the close (unless absolutely necessary), I'll start probing around 9:40am or so...but keeping risk to an absolute minimum is my priority one!
So, utilizing the Super Simple strategy that I have been working with the past couple of days now, I entered a Long position just after 9:40am. Immediately after executing and getting filled price shot right back down and closed below the Median Line. (See capture (A)
This is one of those nuances that I have explained, using the Median line as more of a "Warning Track" or "Fog Line" than a hard call to get out of a position. Take note of all the accumulation going on just prior to my entry (A)
No if you have been following along, you'll take note that I did entered a long position in the same exact manner yesterday and profited quite nicely as a result.
Hint: perhaps you may want to takes notes or make a notation of that... Just saying... success isn't automatic 😉
I had a target set above at 6123.75 to exit the current position.
Why? - That's where my projection laid out and with confluence of other variants I use, it was pretty much at the edge of BSL (Buy Side Liquidity) for the overnight - morning US session.
After experiencing a little trouble between 6116 - 6118 we caught some traction and fired 🔥🔥🔥 on up, having a lock on my target. Feeling pretty good here with the price action, momentum and my price point.
Target Hit! - Profit Goal for this trade was reached!
1 Trade - 1 ES Contract - 12 Points - 48 Ticks - $600 Profit 🤷♂️
Can You Stand It?