The discussion focused on a specific trading model implemented this year, with a detailed walkthrough of recent market entries, exits, and risk management tactics around fair value gaps and "new week opening gaps."
The participant outlined their trade executions, stop loss management, and partial take-profit strategy, referencing specific chart levels and price action decisions.
No final decisions, team actions, or broader organizational topics were discussed.
Action Items
None specified.
Trading Model Execution & Walkthrough
The trading model is based on price action relative to fair value gaps (FVG) and the "new week opening gap," focusing on short trades when price is below key levels.
Partial profits were taken as price moved through the 10 a.m. low, with stops actively managed (lowered as price developed).
Additional buy and sell limit orders were placed as price returned to and reacted with the new week opening gap boundaries, with continued focus on downside expansion.
The trader emphasized letting the market work after stops were adjusted, checking in periodically rather than monitoring constantly.
Mentioned best-case downside target (20,640 level), but clarified this is a scenario, not a requirement.
Final partials taken as price made lower lows, with stops further reduced to minimize risk.
Noted missing some possible setups due to stepping away from the chart, and described the use of an alert for monitoring stop-outs.
The session ended with a reflection on significant volatility and wildcard price action for the day, with risk tolerance clearly defined (no additional trades once stopped out).
Decisions
No further trades after stop-out — Participant decided to halt trading for the session after reaching the defined stop-out point, citing risk management protocol and heightened market volatility.
Open Questions / Follow-Ups
None identified; the discussion was a solo walkthrough without open items requiring follow-up.