October 7th- 6:45am EST
*Before reading this trade plan, IF, you did not read yesterdays, or the Weekly Trade Plan take the time to read it first! (You can see both posts in the related publication section) *
If my posts provide quality information that has helped you with your trading journey. Feel free to boost it for others to find and learn, also!
My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective.
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I am not going to go into detail on yesterday's trade plan and price action as we are in the same area, and the levels are pretty much the same for today.
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Today's Plan - We have 6783 as our first support with an overnight high of 6792 and overnight low of 6774.
Yesterday, I was able to grab points from the reclaim of the 6772 level.
We have a straight-forward plan for today. Ideally, we can pull back and close the 6763 level, reclaim 6768,6772 and move up the levels. IF, price can reclaim 6792, we should retest 6800 and potentially move up to the weekly targets.
Highest quality setups are the following:
1. Flush 6774 and reclaim for a move higher
2. Flush 6767 and reclaim for a move higher
3. Flush of 6753 and reclaim for a move higher
4. Flush of 6741 and reclaim for a move higher
These are the 3 main levels; I am looking to grab points from.
Key Support Levels - 6774, 6767, 6763, 6753, 6747, 6741, 6720, 6705
Key Resistance Levels - 6792, 6800, 6807+
IF, price rallies above 6792 (Overnight High) and then comes back into the overnight range after the NYSE Open, and ES starts to sell off fast, DO NOT try and RUSH into grabbing points. Wait for it to build a base at one of the levels outlined above.
I will post an update around 10am EST.
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Couple of things about how I color code my levels.
1. Purple shows the weekly Low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
4. Yellow Levels are levels that show support and resistance levels of interest.
5. White shows the trendline from the August lows
*Before reading this trade plan, IF, you did not read yesterdays, or the Weekly Trade Plan take the time to read it first! (You can see both posts in the related publication section) *
If my posts provide quality information that has helped you with your trading journey. Feel free to boost it for others to find and learn, also!
My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective.
-----------------------------------------------------------------------------------------------------------------
I am not going to go into detail on yesterday's trade plan and price action as we are in the same area, and the levels are pretty much the same for today.
---------------------------------------------------------------------------------------------------------------
Today's Plan - We have 6783 as our first support with an overnight high of 6792 and overnight low of 6774.
Yesterday, I was able to grab points from the reclaim of the 6772 level.
We have a straight-forward plan for today. Ideally, we can pull back and close the 6763 level, reclaim 6768,6772 and move up the levels. IF, price can reclaim 6792, we should retest 6800 and potentially move up to the weekly targets.
Highest quality setups are the following:
1. Flush 6774 and reclaim for a move higher
2. Flush 6767 and reclaim for a move higher
3. Flush of 6753 and reclaim for a move higher
4. Flush of 6741 and reclaim for a move higher
These are the 3 main levels; I am looking to grab points from.
Key Support Levels - 6774, 6767, 6763, 6753, 6747, 6741, 6720, 6705
Key Resistance Levels - 6792, 6800, 6807+
IF, price rallies above 6792 (Overnight High) and then comes back into the overnight range after the NYSE Open, and ES starts to sell off fast, DO NOT try and RUSH into grabbing points. Wait for it to build a base at one of the levels outlined above.
I will post an update around 10am EST.
----------------------------------------------------------------------------------------------------------------
Couple of things about how I color code my levels.
1. Purple shows the weekly Low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
4. Yellow Levels are levels that show support and resistance levels of interest.
5. White shows the trendline from the August lows
Note
8:55am - Update Price just cleared the overnight high at 6792 and we are heading into the NYSE open at 9:30am. Price can just keep going or a back test of 6788-92 no lower than 6782, would be ideal. IF, price comes back down into the 6792 range and does not back test and head higher, I would be getting out the way as we could flush down to close the 6763 gap and then reclaim the 6767 level should get some points. Nothing has changed in the daily trade plan, and I will not be chasing price and will wait for it come to me at the levels discussed.
Note
11:14am - UpdateI am in a position at 6763 with a stop at 6760. Will sell half position at 6769 and leave a runner to back test 6774 level.
Note
11:17am - 1/2 position sold at 6769 and stop on runner moved to 6763. Note
11:23am - I am moved my runner to 6765. Price should continue higher, but IF, price can't retest 6774, we could lose the 6758 level and a quick flush to 6753 or 6747 with a reclaim of next level higher would be bullish and my next and last areas for today that I will be looking for points!Note
11:58am- UpdateI bought my last position at 6749 with stop at 6747 and I will sell 1/2 position at 6758 or will stop out. This is my last trade of the day. The reclaim of 6758 will be a good sign to keep momentum up the levels. Remember to sell at each level.
Note
12:03pm - Update Sold 1/2 position at 6758 and runner stop is at 6751. We should not lose 6750 at this point, if we have found today's low. IF, not, flush and reclaim of 6742 and 6729 and reclaim of 6738 are the 2 next levels below. I will not be trading anymore today, but that is what I would be looking for.
Note
12:07pm - UpdateRunner stopped out. I have had 2 good trades today and will be off my desk the rest of the day. I will post an afternoon update around 3:30pm-4pm in regard to overnight session.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.