GC Local Breakout to Top of Daily Range ✅ Pre-Trade Checklist
Session context: Range Bound
Daily Bias: I'm still holding on to a long bias, but we are definitely in a daily downtrend
Key levels: 3370 at bottom of range, 3400 at top of range
CVD and delta structure: Strong positive CVD approaching the breakout level
Entry, SL, and TP are at reasonable levels on the order book
Calculated Risk: 5 MGC for $150 risk
📊 Trend Follow (Order Book Focus)
Clear directional move established (impulse leg breaking structure)
Pullback to value area / trendline / support-resistance level
Order book shows a clear liquidity target in the direction of the move.
CVD aligned with trend
Pullback shows **lower volume + weaker delta** vs. impulse leg
No absorption blocking continuation at the level
Entry at level of support on order book
🎯 Trade Execution
Entry: 3389.9
Stop: 3380.9
Target(s): 3395.9
R:R: 4:1
📓 Post-Trade Notes
Outcome: TBD
Plan followed? No
If not, what rule was broken? I don't usually trade local breakouts, so this trade is not really in plan for me.
Lessons learned:
