Oct 20 • 📈 Market Review
Market Recap: October 20th Trading Session 💹
Hey everyone! It’s Monday, October 20th, and here’s the full recap of how the markets shaped up today — including setups, trade management, and key takeaways.
📊 Pre-Market Overview
Heading into the open, the hourly charts were showing strength after a week of indecision. The 25,000–25,050 level had acted as resistance multiple times last week, and overnight price action hinted at a possible breakout. With strong buying pressure closing out Friday’s session, I came in looking for continuation toward all-time highs.
Support had been well established around 24,500, confirming a solid base. On the five-minute chart, I spotted a clear cup and handle pattern forming between 25,025–25,050. Volume was building steadily — a strong signal that buyers were loading up before the breakout. My pre-market thesis: a push above 25,150 could unlock another leg higher.
🕕 Early Setup & Execution
As the bell rang, momentum built quickly. Once price broke above the moving averages with volume confirmation at 25,140, I entered long.
- First exit: 25,167
- Second exit: 25,200
After a minor pullback, I re-entered near 25,190, adding size as we broke 25,204 with rising momentum. My initial read on direction was accurate — but my timing could have been better. I entered slightly early before the second leg fully confirmed, which cost me a few points of profit and confidence in scaling larger.
Still, price respected structure perfectly: higher highs, controlled pullbacks, and smooth continuation.
⚙️ Chart Behavior & Lessons Learned
The two-minute chart provided a clear roadmap: consistent higher highs and higher lows, confirming an uptrend. Each pullback into the 8 or 20 SMA found immediate buyers. The market was rewarding patience — and I could have improved results by waiting for those retracements instead of chasing small breakouts.
The 15-minute chart later confirmed multiple buy signals. Holding from 25,140 toward 25,300 would have been ideal, reinforcing the importance of trusting higher timeframes once early entries prove directionally correct.
This was also a great example of “letting the trade work.” Small partial exits were fine for managing risk, but larger moves require conviction and trust in the setup.
💰 Trade Results
- Total Profit: $196
- Win Rate: 82% (9 wins out of 11 contracts)
- Average Winner: +15 points
- Average Loser: -16 points
Good consistency overall, but the main improvement area is trade management — particularly scaling into confirmed moves rather than overreacting to noise.
💡 Market Structure & Momentum
Measured moves validated the pattern beautifully:
- Leg 1: +100 pts
- Leg 2: +100 pts
- Leg 3: +50 pts before momentum cooled
This symmetry confirmed buyer control and showed that the market was still healthy but slowing slightly into resistance.
🧠 Key Takeaways
- ✅ Solid pre-market plan built directional confidence
- ✅ Cup and handle formation accurately predicted the breakout
- ⚠️ Entry timing still needs refinement — patience pays
- 🧘♂️ Emotional control is vital — follow structure, not FOMO
- 🧩 Volume analysis remains a strong confirmation tool
🏁 Final Thoughts
Today’s session reinforced how preparation and structure create consistency. Markets are pushing near all-time highs, and even small improvements in timing and scaling can make a big difference.
The technicals remain strong, and if momentum continues, we could see a new breakout leg form later this week.
Thanks for following along! 🙌Trade smart, stay disciplined, and always trust your edge. 💪📈
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Market Recap: October 20th Trading Session 💹
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