Yesterday, (Monday, January 3) I entered only one trade.
Due to Trump’s tariff wars, the market opened well below the closing price on Friday. I knew the market would want to fill this huge gap, at least partly, but I expected some form of manipulation beforehand.
On days like this, I tend to be extremely cautious and picky. Profits must be taken quickly, as a price reversal can happen at any time.
Shortly after the opening, the NQ price moved into the NWOG area, but it did not do so in the case of the ES. This is a clear divergence or SMT. However, ES removed liquidity above the London session high, which was made up of EQHs.
My entry occurred on the 15-second chart inside the bearish breaker and FVG after the MSS.
I planned this trade as a scalp only, so I exited with a quick 2.5R profit on the edge of the 15-minute FVG. I knew this area could cause a price bounce, so I didn’t want to take any additional risk.
Missed trade
As I noted above, my bias today was bullish. So when the price revisited the marked hourly FVG, I was watching to see if it would surpass or bounce off it.
There was also a bullish FVG in the ES market, but it was untested. Therefore, the reaction to these FVGs was crucial to me.
As you can see in the screenshots, the price shot up sharply and closed above the 1-minute bearish FVG. However, before I could decide whether to enter the trade or not, the price started to run away from my ideal entry point. I didn’t want to chase the trade, so I let it go. However, it should be noted that this was a valid setup with a lot of potential, at least 5R.
Total gain: 2.5R