These were trading opportunities of Friday, January 31.
Trade #1
Entering this short trade was a mistake. After the market opened, the price tested the hourly bullish FVG and showed that it respected this area, information that I unfortunately ignored.
Instead, I focused on the fact that NQ removed liquidity above the previous hourly swing high while ES did not. In addition to this divergence, I was also mindful that we opened with a gap up, and thus, there is a lot of sell-side liquidity below.
Shortly after my entry, it turned out that my trading idea was wrong, and I was stopped out at the full stop loss (-1R).
Missed Trade #1
I was not aware of this setup at the time it was created. It wasn’t until I saw Zeussy’s video on X that I realized that this long trade made perfect sense.
As in the case of NQ, the ES price held higher due to the hourly FVG forming strong support. Therefore, it should have been clear to me that the price may want to move higher to the unfilled FVG (SIBI), which was also present in the NQ market.
The potential of that long trade was over 5R, which is very decent.
Trade #2
This was the most obvious trade of the day for me.
Reasons to enter this short trade:
- Unfilled ORG below.
- SMT with ES.
- Bearish hourly FVG.
- Untested bullish 15-minute FVG below (target).
- Price has been rising since the opening, and with lunch approaching, we can expect at least a minor retracement.
The trade offered potential up to 5R. However, I took a few partials, so the result was 3.2R.
Total gain: 2.2R