Daily Log - September 17, 2025

The day started out looking like a trading range. The market made a leg down, broke the ONL, and then another leg formed. I drew a secondary channel that fit really well. A nice 2ES set up, and I took it off the trendline. It was a bit aggressive since we broke above the EMA and prices had already made two measured legs down. This was in the secondary channel, so it was the perfect place to wait for a LH confirmation, but since we hardly ever get confirmation I took a chance here.

I hate monkeying with trades, but when the LH that formed after the 2ES struggled to move down and also formed just at the EMA with very little follow-through, I got suspicious and moved the stop loss to breakeven. That turned out to be a good move since the trade only made 7 ticks while my target was 8 ticks.

After this trade the market reversed and went into a really slow-moving pace, probably waiting for the FOMC statement. When the release came there was massive volatility. ATR flew to the roof at 6 points, and it was impossible to take any trades the rest of the session due to the high risk and fast-moving spikes.