FOMC Bullish Measured Move ES 4140 Target

1 feb 2023

As per my post yesterday, things are playing out exactly as planned and I will enter into FOMC bullish and target 4140 Long. Potential 100 Points on the table today. My only concern is getting wicked out. I will place my Buy Limit Order at 4055 and use a 15 Point stop because I do not believe they will go back to 4030. 15 Point risk for 100 Points gain

Please refer to the post below that I have linked to dive into why I think FOMC will be bullish.

1 feb 2023

Trade chiuso: obiettivo raggiunto

I placed my limit order at 4057.25 in anticipation of a wick down into demand below the channel that I had drawn out from yesterday. Took profits just before the 1 full range expansion. Did I leave money on the table? Possibly but I locked in profits.

1 feb 2023

Nota

I could have done better at holding until the measured move was hit but I am still ok with what happened today. Was a 4R trade