This is in my own account and not one of the prop accounts I am trading. This is short 1 little MES contract. Incide candle on the hourly chart, and the tick below the low of the inside bar was the open of the mother bar. Failed breakout of yesterday's high at the moment. Going to let this ride with an 8 point stop loss, and a 36 point take profit near the open of the day. 4.5 reward to risk.
If the M5 ema moves below my entry, I will move the stop loss to breakeven.
30 minute SPX (S&P 500 index) shows that the index itslef, which MES/ES track, is testing the open of the NYSE. If SPX holds above its open, this trade will lose.
If the M5 ema moves below my entry, I will move the stop loss to breakeven.
30 minute SPX (S&P 500 index) shows that the index itslef, which MES/ES track, is testing the open of the NYSE. If SPX holds above its open, this trade will lose.
My objective is to learn the skill of flawless execution of my trading plan