WolfeDayRocker

High Probability Intraday Setup for S&P 500 E-mini Futures

CME_MINI:ES1!   S&P 500 E-mini Futures
The following are trades setup ideas in 15 mins chart for S&P 500 E-mini Futures .

There are 2 distinctive dotted lines labeled as
1. AI's Intraday Resistance
2. AI's Intraday Support

These 2 Support and Resistance signal lines are generated by machine learning AI robots as a high probability trade setup for long or short.

Long Setup
If price action closed above the AI's Intraday Resistance line AND above Pivot Point R1 line, the idea is to long and take profit at Pivot Point R2 or/and R3 price region.

And/Or

Short Setup
If price action was below the AI's Intraday Support line AND continue to demonstrate weakness below the Pivot Point S1 line, the idea is to short and take profit at Pivot Point S2 price region.

Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.

This is highly recommended to trade during Europe and US market hours for liquidity and volume for this product.
Trade active
Trade closed: target reached
How do you determine if there is going to be a breakout from channeling?
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@DFauvre, I use the Pivot Point indicator to decide trade entry for a buy to open position. For this trade, if the price were to close above R1, it could be a high probability setup to long.

Also, confidentially, the AI's Intraday resistance line happened (though not all the time) to be almost exactly as the price where previous 2 attempts to breakout were not successful as showed in the 15mins chart. So there is a triple top breakout you have there as validation
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Nice trade. I have a question regarding your entry. Do you wait for the 15 mins candle to close above S1 then enter long?
+1 Reply
WolfeDayRocker EasyTrading168
@EasyTrading168, Yes. I wait for the 1st candle to close above the R1 line and took the opening price of the next candle as entry. If you were to zoom into the chart to 5 mins timeframe from 15 mins, after breaking out from R1, the 5 mins candle went back to re-tested successfully. This could be an alternative entry method too with higher confidence.
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