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Trading Rejection Strategy- A Visual Backtest💡 Overview Here is everything you need to know about the strategy. But before you study it any further, all the visuals are at the end of this post- so don't miss that part. This setup is built upon simple beliefs: ▶Price always remembers its key levels- Previous Day’s High (PDH), Previous Day’s Low (PDL) ▶Strong support/resistance zones often act as liquidity magnets. ▶When price revisits these areas and fails to break through, it gives us a clear rejection and that’s where the edge lies. ⚙️ Core Conditions ➡Price rejects PDH or PDL ➡Price retests a breakout / breakdown zone ➡Price rejects a tested support / resistance level ➡Timeframe: 15-Minute ➡Type of trade: Intraday only ➡Only one trade per day 🎯 Trade Plan 🔘Entry: One tick above/below the Pin Bar or reversal candle close 🔘Stop Loss: Just beyond the high/low of the rejection candle 🔘Target: Next liquidity zone (recent 15m swing or PDH/PDL) 🚫 Avoid Trading When: ➡No rejection at liquidity levels ➡Risk > 20 points 📊 October Backtest Results (1 trade per day, tested manually) Total trades taken= 14 Winners= 6 Losers= 8 Total points made out of winner= 263 Total points lost in losers= 75 Net points made= 188 🧠 Takeaway Even though the backtest covers only October, the results are encouraging. The logic is built on price behavior around institutional levels, and that tends to hold steady across time. 📈 Try extending the backtest further: If results remain consistent, this could become a reliable rejection-based intraday setup worth adding to your toolkit. Here is a visual to guide to all the Entries, Exits and about how it went. Enjoy the charts and do let me know what you think about this strategy or if I missed an opportunity ;) 📣Disclaimer: Everything shared here is meant for education and general awareness only. It’s not financial advice, nor a recommendation to buy, sell, or hold any asset. Do your own research, manage your risk, and make sure you understand what you’re getting into.
CME_MINI:ES1!Education
by Bravetotrade
4
Day 60 — Trading Only S&P Futures | 10-for-10 Green TradesStick around — at the end, I’ll break down the key levels I’m watching for tomorrow. Let’s go. Recap & Trades Day 60 — another clean session. We started the day with a bearish structure, so my plan was simple: wait for price to reach the 1-minute MOB and short it. Every trade lined up with VX Algo confirmations — short, lock profit, repeat. I was already up after the first few setups, and once I realized I was 10-for-10 on trades, I stopped. Lesson & Mindset This was a great reminder that it’s not about trading more — it’s about trading better. Consistency doesn’t come from being in the market all day; it comes from having discipline to stop when the job’s done. News & Levels The quiet story today — liquidity is draining from the system. US bank reserves just fell to $2.8 trillion, the lowest since 2020. That’s worth watching closely in the weeks ahead. Tomorrow’s levels: Above 6915 bullish, below 6895 bearish.
CME_MINI:ES1!
by DiYWALLST
2
Day 58 — Trading Only S&P Futures | +$304 & Easy FOMC GainsRecap & Trades Day 58 — clean and easy. We had some conflicting signals early, but once the structure aligned, it became a straightforward session. The key takeaway today was how FOMC movement tends to cap between 30–60 points, which makes it easy to plan trades if you size stops properly. Overall, simple setups, small size, steady gain — +$304 for the day. Lesson & Mindset You don’t have to trade aggressively to make progress. Low-effort, high-consistency days are often where real edge compounds. I’m learning that keeping your head calm on choppy news-driven days is what separates pros from gamblers. News & Levels Powell’s comments cooled expectations for further rate cuts, causing the Dow to fade late in the session. Tomorrow’s levels: Above 6885 bullish, below 6840 bearish.
CME_MINI:ES1!Short
by DiYWALLST
4
ES (SPX, SPY) Analysis, Levels, Setups for Wed (Nov 5th)News & timing (ET): ADP 8:15; ISM Services PMI 10:00; EIA Crude 10:30. Release status: all three are scheduled to run (not shutdown-affected). Bias & context: Short-term trend remains lower after a sequence of 15m lower-highs/lows and failure to hold 6,793–6,805. Expect dip-buys to be sold unless 6,860+ is reclaimed and defended. Overnight → NY forecast: Base path: probe 6,748–6,756 into Asia/London, bounce to 6,793–6,805, then decide at NY open. Lose 6,748 on momentum and the magnet becomes 6,713–6,725. Alt squeeze: reclaim and hold above 6,852–6,860, push to the 6,900–6,906 “gate”, then 6,940–6,955. Only above 6,955 can 6,968–6,985 and 7,020–7,052 come into play. Bear extension: clean break and 15m body acceptance below 6,713–6,725 opens 6,660s (deeper extension) before any meaningful bounce. Key-Zones Resistance (top→bottom): 7,020–7,052 premium band (W3 major; first touch favors profit-taking) 6,968–6,985 measured-extension / weak-high pocket (W2) 6,940–6,955 prior distribution top / supply shelf (W2) 6,900–6,906 immediate ceiling “gate” (W2 pivotal) Support (top→bottom): 6,852–6,860 defended floor / quick-reclaim bounce zone (W2) 6,793–6,805 swing-equilibrium magnet (W2) 6,748–6,756 next demand shelf / measured support (W2) 6,713–6,725 extension target and last strong shelf before deeper repricing (W3) Setups (Level-KZ Protocol 15/5/1) Rejection Fade (short): sell 6,852–6,860 or 6,900–6,906 after a 15m rejection close back inside → 5m re-close in your favor; use the 15m wick +0.25–0.50 pts as hard SL. TP1 = next opposing MAJOR level (e.g., 6,805 then 6,756). Acceptance Continuation (long): only after a full-body 15m close above 6,860 and a 5m pullback that holds; target 6,900–6,906 → 6,940–6,955; invalidate on a 15m close back below 6,852. Quick-Reclaim Bounce (Tier-2): flush into 6,748–6,756, instant reclaim on 1–5m, enter on first HL; TP1 = 6,793–6,805; invalidate on a 15m close back below the shelf. Exhaustion Flush (Tier-3): if 6,748 breaks with force and a 15m body holds below, sell the first 1–5m LH; TP1 = 6,713–6,725; runner eyes 6,660s if momentum persists. Risk & management (use consistently): Instructions: only take a setup if TP1 ≥ 2.0R using the 15m-wick SL. At TP1: close 70%, set 30% runner to BE; runner aims TP2 at the next major level. No trailing before TP2. Time-stop 45–60m if neither TP1 nor SL hits. Max 2 attempts per level per session. Kill-zones (ET): London 02:00–05:00 (optional ½–¾ size); NY AM 09:30–11:00 (primary); NY PM 13:30–16:00 (primary). Manage only 12:00–13:00. What flips decision: Bullish: sustained 15m acceptance above 6,860 then above 6,906 turns path toward 6,940–6,955 → 6,968–6,985. Bearish: 15m acceptance below 6,748 invites 6,713–6,725; losing that level opens 6,660s before any notable bounce.
CME_MINI:ES1!
by MyAlgoIndex
1
ES (SPX, SPY) Week Ahead Analysis, Nov 3rd - Nov 7thMarket Context The price is currently positioned just below a key near-term resistance level at 6,900–6,906, following a sharp reversal on Friday from around 6,845. The daily and 4-hour structures indicate an incomplete "weak-high" area above, but the 1-hour momentum has just shifted upward from oversold conditions. As we move into the Asia/London sessions, I anticipate a balance formation within the upper half of the previous session unless we see a decisive 15-minute close above 6,906. Short — Rejection Fade at 6,900–6,906 Trigger: 15m rejection close back below the band → 5m re-close down with a lower high → 1m first pullback fail. SL: Above the 15m wick high +0.25–0.50. TP1: 6,880 → 6,860 (≥2.0R gate). TP2: 6,805. Notes: If a retest holds below 6,900, add on a fresh 1m LH. Short — Rejection Fade at 6,940–6,955 Trigger: Same 15m→5m→1m sequence as above. SL: Above the band’s 15m wick +0.25–0.50. TP1: 6,900 gate; TP2: 6,880–6,860; stretch TP3: 6,805. Long — Acceptance Continuation above 6,906 Trigger: 15m full-body close above 6,906 → 5m pullback holds and re-closes up → 1m HL entry. SL: 5m pullback low −0.25–0.50. TP1: 6,940–6,955; TP2: 6,968–6,985; stretch TP3: 7,020–7,052. Notes: If 6,906 holds as support on retest, consider scaling on a clean 1m HL. Long — Quick-Reclaim Bounce at 6,852–6,860 Trigger: Sweep/flush below the band and instant reclaim (1–3m), confirmed by a 5m re-close up → 1m HL entry. SL: Below the sweep low −0.25–0.50. TP1: 6,900 gate; TP2: 6,940–6,955. Long — Quick-Reclaim Bounce at 6,793–6,805 Trigger: Same reclaim logic; prefer fast tag → quick pop. SL: Below the 5m reclaim low −0.25–0.50. TP1: 6,860; TP2: 6,900; optional TP3: 6,940. Long — Exhaustion Flush Bounce at 6,748–6,756 (stretch 6,713–6,725) Trigger: Fast liquidation into the band + momentum divergence → 5m reversal close → 1m HL entry. SL: Below the exhaustion low −0.25–0.50. TP1: 6,793–6,805; TP2: 6,860; trail only after TP2. Short — Continuation Below 6,852 Trigger: 15m body-through below 6,852 that holds on retest → 5m LH → 1m pullback entry. SL: Above the 15m break wick +0.25–0.50. TP1: 6,805; TP2: 6,756; stretch TP3: 6,725. KILL-ZONES & EXECUTION NOTES Primary execution windows: NY AM 09:30–11:00 and NY PM 13:30–16:00. London 02:00–05:00 optional, reduced size. Asia optional, smallest size. Stops & viability: Anchor hard SLs to the relevant 15m wick; only take plays where TP1 ≥ 2.0R. Max two attempts per level per session. At TP1: close 70%, set 30% runner to BE; no trailing before TP2. WEEK AHEAD GAME PLAN If Monday holds above 6,860 and forms a higher low, the outlook is modestly bullish, aiming for a move toward 6,940–6,955 early to mid-week. A decisive daily close above 6,955 would suggest a rally into the 6,968–6,985 range, with the potential to extend further to 7,020–7,052 later in the week. Conversely, if the price falls back below 6,852, the scenario shifts to a mean-reversion week, targeting 6,805 and then 6,756, with 6,713 as a potential stretch target.
CME_MINI:ES1!
by MyAlgoIndex
2
ES (SPX, SPY) Analysis, Key Zones, Setups for Thu (Nov 6)The daily trend has softened following the formation of a lower high. Analysis of the 4-hour chart indicates a bounce that encountered resistance near the 6860–6870 range, subsequently retreating to the 6810 support level. As we look ahead to tomorrow's trading, consider the 6805–6808 range as the key intraday “threshold” while the 6830–6835 zone will serve as the first significant resistance level to watch. Setups (Level-KZ Protocol 15/5/1; NY KZ 09:30–11:00 & 13:30–16:00 ET) 1. Acceptance long from support Trigger: 15m holds S1 6805–6808 → 5m reclaim 6823 VWAP → 5m close above 6830. Entry: 6831–6834 on first 1m HL after the 5m re-close. SL: 6821 (hard) or 15m trigger-wick −0.25–0.50 pt. TP1: 6856–6861 (≥2R gate). TP2: 6870–6873. TP3: 6890–6895 if squeeze. Management: No partials before TP1; at TP1 close 70%, set 30% runner to BE; no trail before TP2. 2. Rejection fade short from resistance Trigger: Pop into 6856–6861, stall, then 5m full-body re-close back below 6856 with 1m LH. Entry: 6850–6854. SL: 6864.25 (hard) or 15m wick +0.25–0.50. TP1: 6830–6832. TP2: 6823 VWAP. TP3: 6805–6808. Note: If 5m re-claims 6861 after entry, exit early; setup invalid. 3. Breakdown continuation short Trigger: 5m body close below 6805 with retest fail from beneath. Entry: 6800–6803. SL: 6810.75 (hard) or 15m wick +0.25–0.50. TP1: 6790–6795. TP2: 6768–6772. TP3: 6747–6752. Note: If reclaim and 5m closes back above 6808, cancel. 4. Breakout continuation long Trigger: 5m acceptance above 6861 and hold on retest. Entry: 6862–6865 on first 1m HL. SL: 6853.25. TP1: 6870–6873. TP2: 6885–6890. TP3: 6905–6912. Note: If acceptance fails (5m body back under 6861), flip bias back to fade R3. Event map for Thursday (ET) FOMC meeting Day 1 (runs Thu–Fri; Fed is not affected). EIA Weekly Natural Gas Storage 10:30. Most BLS/DOL macro releases (e.g., Productivity & Costs, Weekly Jobless Claims) are suspended during the shutdown. Expect fewer 8:30 prints and thinner liquidity until the cash open.
CME_MINI:ES1!
by MyAlgoIndex
2
Week 11.03 - 11.07 Prep Last Week : Last week we opened on a gap above Value and made a push over Edge top where we found our top and larger sellers for the week. Return to above VAL provided selling back into and eventually under the Edge. Holding under the Edge got us under MAs and changed the trend from uptrend to downtrend on 30m and 1h Time Frames, 2hr and 4hr frames only changed into correction without fully changing into downtrend. Holds under the Edge also provided good sells into lower VAH/Value for the gap fill towards end of the week when we got Month End profit taking but we were not able to fill the gap, instead we ran out of Supply Friday Midday and got end of the week short covering which drove price back out Value without filling the gap or staying in Value. This Week : So far this week we have again opened over Value and have been balancing between VAH and Edge in Globex, right now Edge again provided good sell back towards VAH and it may seem like it can continue selling but this will be the area to be careful at, at least to start the week as we are starting New Month, New week and it would be best to see what order flow we get, of course it is possible that we just continue lower right away but also this could be an area where we will see more covering above the Gap which can keep price over it and eventually once selling slows down could give another rotation towards/into and possible over the Edge. As mentioned last week we are currently inside 915 - 875 +/- Intraday Range with 900 - 890 being its mean and price can stay within this range until it accepts under 870 - 65 areas without popping back over 75 then we know we have accepted in lower Intraday Range of 870 - 830 and can continue through its targets which would be 855 - 845 Mean area and down into/towards 830 - 20s. If we do hold this current range we are in then it is still possible that it will bring more buying as buyers like to start getting in once price holds which could still push us up towards/over the Edge and maybe even back towards above VAL, how far over Edge we get would be determined by order flow IF it happens but this will be the spots to be careful on the long side instead of getting excited for new ATH or continuation over previous one even if we take it out. Our bigger sellers will still be lurking over the Edge and closer to above VAL which means if we see a push out we could either see a quick or after consolidation return back under the Edge. For price to change things back into stability or strength from here we would need a strong push over VAL with Medium/Larger MAs following behind us for support to be able to hold the price in/around new Value to show acceptance in New Hourly Range, unless this happens we have to keep thinking that top is in for now and look for return trips away from it which would make price want to return to previous Value. If we do get strong selling continuation today/tomorrow through 70 - 65 and keep it under then of course we will go with that and keep targeting the Mean/Gap fill and push under the Mean but unless you see clear selling under 70 - 65 careful looking for too much continuation from here early on, it might take few days to decide what we will do and get ready for a good move into lower Value which maybe happen either from above the Edge or once we hold under it long enough and change trend on 2hr and 4hr Frames.
CME_MINI:ES1!
by HollowMn
ES - November 6th - Daily Trade PlanNovember 6th- Daily Trade Plan - 6:25am *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. -------------------------------------------------------------------------------------------------------- Since we continue to chop around in this range between 6770-6850, I will not get into too much detail about yesterday's price action as you can take a look at my trade plan from yesterday and read through the notes and what my expectation were and levels, we had to execute the trade plan! Today we have ADP Employment numbers, PMI & ISM with tomorrow being the Jobs Report! Our overnight low is 6804 and our high is 6835. As of typing this plan, you can clearly see that we have made lower lows, and lower highs overnight, so far. We are in a tight 30 pt range and bigger picture, I have talked this week about how 6856-60 a big resistance. I have also stated that 6690-95 is our level that needs to hold to keep the bigger picture bull case intact. I expect a lot of choppy/trapping today and tomorrow. IF price does clear 6870, we should run back to new highs. IF price loses 6750, my expectation is that we test 6719, 6680. Until we clear 6870, the current trend is for price action to lose 6750 and create a new lower low. Key Levels Today - 1. Loss of 6807 and reclaim 2. Loss of 6792 and reclaim 3. Loss of 6773 and reclaim 4. Loss of 6749 and reclaim IF price clears 6835 (Overnight high) prior to 9:30am open, we could see some FOMO and chasing at the open. IF price does fall back into the overnight range, I would be careful as we could head lower. Key Support Levels - 6823, 6807, 6792, 6773, 6765, 6758, 6750 Key Resistance Levels - 6835, 6843, 6849, 6857, 6867, 6873 Until price creates a higher high, I have to defer to the current micro trend which is the probability of price to continue lower. 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 Levels are previous days session High/Low
CME_MINI:ES1!
by jhill1618
Week 10.26 - 10.31 Updated after GAPSunday Globex gapped up and held over Value which when MAs caught up gave us pushes into upper Edge. Edge areas often act as reversal spots on first tests or after we spend time away from them which it tried to do today but we had good enough buying inside the Spike Base and smaller MA which took in the supply and gave a rotation out of Edge, as we saw price got into VAL and reversed without holding. There really is no reason for this gap over the weekend and pretty much everyone knows it will be filled but what market showed us today is that we are not ready to come in to start the process for gap fill yet, we have no size operating up here with it being Month End and FOMC tomorrow, FOMC may shake things up BUT we may need to let market balance some up here around Edge and out of it before we can build up the supply and at the same time let MAs catch up to tighten up some to give us a better correction back in. For now we can see price hold in and out of Edge with pushes towards above VAL and maybe even pushes into/over it BUT careful looking for too much continuation into new Value as we have sellers over the Edge and MAs are far which means any pushes towards/into/over could find their way back out of Value towards lower Edge and eventually once we have enough supply or Volume we can see a push back into/under lower Edge that wont come back out and instead either continue or start holding under to start the process to move for lower targets. For that we would need to be under 905 - 900 area or be able to catch good entry above the Edge and ride it in once market is ready for that. To see acceptance in this new Range and see more strength we would need to see Medium MA catch up and get over the Edge to provide better support when price pushes into new Value so that it can push in and hold around VAL, until then Small MA acts as Support but it is not something to build big positions on. For now I will be focusing on reversal shorts until market can hold under Hourly MAs and under Intraday VWAP to give better continuation trades lower, I will most likely avoid longs here as they are very choppy and by waiting for good short entries eventually one of them will be the one that will take us back under the Edge and maybe even continue into lower Value so want to be ready for it unless we see strength inside this new Range and good holds over around above VAL. We have month end coming up and FOMC tomorrow, FOMC is always important but Month end might be more of a mover this time around, being at ATHs so far extended away from MAs on Daily and GAP below we could see profit taking last few days which could give us the pressure to head back under the Edge which would also take stops to add extra pressure for when everyone will be trying to get out so will be watching for that either after FOMC or Thursday/Friday.
CME_MINI:ES1!
by HollowMn
ES - November 4th - Daily Trade PlanNovember 4th- Daily Trade Plan - 6:20am *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. -------------------------------------------------------------------------------------------------------- Yesterday we had some great levels that hit and followed through. I stated in my trade plan that "IF we lose, 6843, we will probably flush pretty quickly lower" Overnight we saw this and our overnight low is 6785 and high is 6882. That is about a 100pt move overnight. I have mentioned many times that the bigger picture trend is up and that would not change unless we lose 6690. We have to respect the trend and look for prices to move higher. When we get a nice sell off like we have overnight, we need to retest the levels above and see if we can continue higher. Bears are fully in control and until 6918 is retaken, we have to expect selling on any back tests of higher prices. Key Levels Today - 1.Loss of 6812 and reclaim (Micro level reclaim) 2. Loss of 6785 and reclaim 3. Loss of 6801 and reclaim (IF 6785 is the low for the day, this might be the best spot to grab points before it moves higher) 4. Below the overnight low and 6776 and reclaim is next level lower of interest 5. Loss of 6767 and reclaim Key Support Levels - 6812, 6801, 6792, 6785, 6776, 6773, 6767 Key Resistance Levels - 6824, 6830, 6837, 6843, 6849, 6862-65 My general lean today is that we can back test 6843, 6862-65. I will be looking for a pullback to 6801 level and reclaim to grab some points. The only other option will be looking for a base to be built at one of the levels in yellow and create a strong support that provides an opportunity to enter long for a level-to-level move. 6824 resistance is a good spot to long for a move up the levels. It could be a tricky level to engage as it will probably take a few attempts to clear. Once it clears, it should move quickly up the levels to back test 6843, 6862-65. 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
CME_MINI:ES1!
by jhill1618
ES - October 31st - Daily Trade PlanHappy Halloween! October 31st - 7:50am *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. -------------------------------------------------------------------------------------------------------- Yesterday we found the daily low at 6850. This happened right before the end of the day and rallied into 6893 area and overnight we have our low at 6888 with our high at 6906. We have tested 6906 2x overnight and as I write this, we are giving it another attempt. I have stated all week that 6708 is our bull/bear line. You can see that Institutions have been buying overnight at the 6893 level. IF price loses this level, we will have a chance to ride higher, IF price can reclaim this level. Ideally, we can flush 6888 maybe down to 6882 and then reclaim 6888 to move higher. IF price clears 6908, we need to hold it or flush it down to 6901 and reclaim quickly. It is the last day of the month, and I think we continue higher today with 6914, 6923, 6930 being the first targets. IF price holds 6930 end of day, we could rip higher next week to kick off November. Key Levels Today - 1. Loss of 6901 and reclaim (Micro Level Reclaim but might be all we get) 2. Loss of 6893 and reclaim 3. Loss of 6888 and reclaim 4. Loss of 6877 and reclaim Below these levels and we will probably be selling off pretty hard, and I would probably let price find a support level below and build a base to move higher. Key Support Levels - 6901, 6893, 6888, 6877, 6865, 6850 Key Resistance Levels - 6908, 6914, 6923, 6930, 6944, 6953 IF price loses a level and you are not able to enter, wait for price to find another key level above, build a base and allow that level to become support. Then find a spot to enter for a level-to-level move. 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
CME_MINI:ES1!
by jhill1618
ES - November 3rd - Daily Trade PlanNovember 3rd - Daily Trade Plan - 7:15am *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. -------------------------------------------------------------------------------------------------------- Last week price took out the prior week's low of 6865 and finished the day right at 6867. We gapped up last night and our overnight high is 6902 and our low is 6873 and closed the gap from the Sunday evening open. We still have a gap to be filled from last Sunday's open around 6824 area. Price is currently building a nice base at the 6893 level, and this is the same level that we had on Friday that broke out and then we sold off after the open. We can see that we have a lower low from Friday at 6843 and 6918 is the high. Technically, price needs to reclaim 6918 to continue higher. Key Levels Today - 1. Loss of 6893 and reclaim 2. Loss of 6882 and reclaim 3. Loss of 6873 and reclaim 4. Loss of 6867 and reclaim 5. Loss of 6851 and reclaim 6. Loss of 6843 and reclaim Below these levels and we will probably be selling off pretty hard, and I would probably let price find a support level below and build a base to move higher. Key Support Levels - 6893, 6888, 6882, 6873, 6867, 6859, 6851, 6843 Key Resistance Levels - 6902, 6908, 6914, 6918, 6923, 6930, 6944, 6953 As of writing this post, 6893 has been building a nice base that should give us a move higher, any price action that clears 6902 prior to 9:30am open, and then can't hold that level, we should expect price to potentially move lower. Let's see what happens at the open, but my general lean is that IF price can clear 6918, it should give us higher prices in the coming days. IF we lose, 6843, we will probably flush pretty quickly lower. 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
CME_MINI:ES1!
by jhill1618
S&P500: Rising?S&P 500 futures edged slightly lower in yesterday’s session but are expected to remain within the upward trajectory of magenta wave (5), which, under our primary scenario, is likely to continue moving higher. This advance would also complete the larger blue wave (III). Afterward, we anticipate a corrective phase in magenta wave (A), which should put renewed pressure on the index. At the same time, we are monitoring our alternative scenario, which suggests that magenta wave alt.(3) has not yet concluded. If prices drop below the support level at 6,371 points, this scenario will come into play. In that case, wave alt.(4) would likely extend further downward, reaching its low within the magenta alternative Target Zone between 6,055 and 5,822 points (probability: 30%).
CME_MINI:ES1!Long
by MarketIntel
ES - November 5th - Daily Trade PlanNovember 5th- Daily Trade Plan - 6:30am *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 wrote yesterday "My general lean today is that we can back test 6843, 6862-65. I will be looking for a pullback to 6801 level and reclaim to grab some points. The only other option will be looking for a base to be built at one of the levels in yellow and create a strong support that provides an opportunity to enter long for a level-to-level move. 6824 resistance is a good spot to long for a move up the levels. It could be a tricky level to engage as it will probably take a few attempts to clear. Once it clears, it should move quickly up the levels to back test 6843, 6862-65." Institutions were buying at the 6800 level between 8:30am-9:30am and we flushed down to 6786, reclaimed and then went higher and back tested to 6849 and then started to sell off in the afternoon. This is a typical bear market type of price action where price is being sold into strength, and we continue to make lower lows and lower highs. I would get used this type of price action as we could continue to see this over the coming months. ---------------------------------------------------------------------------------------------------------- Overnight low is 6749 and the high is 6807 with 6800 being heavy resistance that needs to clear for us to continue up the levels. IF price does head higher, we should test 6810, 6823. Technically IF price wants to continue higher, we need to clear 6849. IF price does not clear 6800 and we lose 6749, we will need to see if price can react at 6734 or lose 6719 and reclaim to back test 6750 and potentially try to go higher. I have said over the past few weeks that we have to remain bullish unless we lose the 6690 level. Last week we closed at the prior week lows and so far, we are trending to potentially do the same this week if price can hold 6690. Key Levels Today - 1. Loss of 6775 and reclaim (This has been tested as I write this post, so will be weaker on next attempt) 2. Loss of 6765 and reclaim 3. Loss of 6758 and reclaim 4. Loss of 6749 and reclaim (Overnight Low) 5. Loss of 6734 and reclaim 6. Loss of 6719 and reclaim Below these levels and I don't get very interested until 6690-95. Key Support Levels - 6775, 6765, 6758, 6749, 6734, 6726, 6719 Key Resistance Levels - 6786, 6800, 6807, 6816, 6823, 6831, 6843, 6849 Until price creates a higher high, I have to defer to the current micro trend which is the probability of price to continue lower. 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
CME_MINI:ES1!
by jhill1618
S&P 500 (ES1!): Bullish! Buy This Dip!Welcome back to the Weekly Forex Forecast for the week of Nov. 3 - 7th. In this video, we will analyze the following FX market: S&P 500 (ES1!) The S&P500 is bullish, and buys are valid. Price is currently in a +FVG, so looking for sells is prohibited! If the +FVG fails, only then will buys become invalid. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:MES1!Long
by RT_Money
ES Update - Breakout backtestSorry that I'm fixated on the TACO gap a little too much, I realized that this drop isn't about the TACO drop, it's back testing the breakout, which is pretty typical, it did the same last year on the election news. Especially considering it broke out on fake news, lol. So market probably open right here at the line and decides whether to tank or go up. Seeing that there's an open gap above for NQ, I'm guessing up. The back test has to happen during actual market hours, so I'm thinking the market opens up somewhere in this area.
CME_MINI:ES1!
by hungry_hippo
Successful Forex Trading1. Understanding the Forex Market The forex market operates 24 hours a day, five days a week, across major financial centers like London, New York, Tokyo, and Sydney. Currencies are traded in pairs such as EUR/USD, GBP/JPY, or USD/INR, where one currency is bought while the other is sold. Forex prices fluctuate due to various factors—economic indicators, geopolitical events, interest rate changes, and global demand for currencies. A successful trader understands that the forex market is influenced by both technical and fundamental dynamics. 2. The Foundation: Education and Knowledge Knowledge is the backbone of successful forex trading. Before risking money, traders must learn how the market works, understand price action, and study trading tools. Beginners should grasp basic concepts such as: Pips and lots: The smallest unit of price movement and standard trade size. Leverage and margin: Borrowed capital that amplifies both profits and losses. Bid-ask spread: The difference between the buying and selling price. Stop-loss and take-profit: Tools to manage risk and lock in gains. Reading books, taking courses, and following reliable market news sources like Bloomberg or Reuters can help traders stay informed. Continuous learning is vital, as market conditions and trading technologies evolve rapidly. 3. Developing a Solid Trading Strategy A well-defined trading strategy is what separates successful traders from impulsive gamblers. Strategies can be short-term (scalping, day trading) or long-term (swing trading, position trading). Some of the popular trading strategies include: Trend following – Identifying and trading in the direction of the market’s momentum. Breakout trading – Entering trades when price moves beyond key resistance or support levels. Range trading – Buying at support and selling at resistance during sideways markets. News trading – Capitalizing on price volatility during major economic releases. A successful trader tests strategies through backtesting (using historical data) and demo trading (using virtual money). This builds confidence before risking real funds. 4. Mastering Technical Analysis Technical analysis helps traders forecast future price movements based on historical data. It involves studying charts, patterns, and indicators. Commonly used tools include: Moving Averages (MA): To identify trends and smooth price fluctuations. Relative Strength Index (RSI): To detect overbought or oversold market conditions. Fibonacci Retracements: To identify potential reversal levels. Candlestick Patterns: To reveal market sentiment through price behavior. Technical analysis is most effective when combined with risk management and market psychology, rather than used in isolation. 5. Importance of Fundamental Analysis While technical analysis focuses on charts, fundamental analysis examines the economic and political forces behind currency movements. Key indicators include: Interest rates – Currencies with higher interest rates tend to attract more investors. Inflation and GDP data – Indicate economic health and purchasing power. Employment reports – Such as U.S. Non-Farm Payrolls, which can cause sharp volatility. Geopolitical stability – Political crises can weaken a nation’s currency. Successful traders often blend both technical and fundamental analysis to make informed trading decisions. 6. Risk Management: Protecting Capital No matter how skilled a trader is, losses are inevitable. The key is to control risk so one bad trade doesn’t wipe out the account. Effective risk management includes: Position sizing – Risking only 1–2% of trading capital per trade. Stop-loss orders – Automatically closing trades at a predetermined loss level. Diversification – Avoiding concentration in a single currency pair. Avoiding over-leverage – High leverage amplifies both gains and losses. Successful forex traders focus more on capital preservation than on quick profits. As the saying goes, “Take care of your losses, and profits will take care of themselves.” 7. The Psychology of Trading Emotions are a trader’s biggest enemy. Fear and greed often lead to irrational decisions, like exiting trades too early or chasing losing positions. To succeed, traders must cultivate: Discipline: Stick to the trading plan and rules consistently. Patience: Wait for high-probability setups rather than forcing trades. Confidence: Trust in analysis and avoid self-doubt after losses. Emotional control: Accept losses as part of the process. Maintaining a trading journal helps track performance, recognize emotional triggers, and improve over time. 8. Using Technology and Trading Tools In today’s digital era, technology plays a massive role in forex trading success. Platforms like MetaTrader 4/5, cTrader, or TradingView offer real-time data, charting tools, and automated trading options. Successful traders also use: Economic calendars to track important news events. Algorithmic trading systems for consistent execution. VPS hosting to reduce latency for automated strategies. Staying updated with fintech innovations gives traders a competitive edge in execution speed and market insight. 9. Continuous Improvement and Adaptation The forex market is dynamic—strategies that worked yesterday may not work tomorrow. Therefore, traders must constantly adapt. Successful forex traders regularly: Review past trades to learn from mistakes. Refine strategies based on changing volatility or trends. Stay updated on global economic developments. Seek mentorship or community support to exchange insights. Flexibility and adaptability ensure that traders survive both bullish and bearish cycles. 10. Building Long-Term Success Successful forex trading is not about overnight riches—it’s about consistency, patience, and growth. The most successful traders: Focus on steady returns rather than big wins. Maintain discipline in both winning and losing streaks. Keep records of all trades for analysis. Continue to learn, adapt, and evolve with the market. They treat trading as a business, not a hobby—an enterprise requiring planning, analysis, and emotional balance. Conclusion Success in forex trading is a journey that combines knowledge, discipline, strategy, and self-control. It’s not about predicting every market move but about managing risks and maximizing opportunities. A trader who focuses on education, follows a tested strategy, controls emotions, and practices sound risk management can thrive in the volatile world of forex. The essence of successful forex trading lies in one rule: “Trade smart, not hard.” With persistence, patience, and proper planning, anyone can achieve consistent profitability and long-term success in the global forex market.
CME_MINI:ES1!Education
by GlobalWolfStreet
Day 61 — Trading Only S&P Futures | Focused on the Grand CupRecap & Trades Day 61 — I shifted focus entirely to the Tradeify Grand Cup tourney account. Instead of trading multiple accounts, I traded larger — up to 2 ES contracts — and kept everything clean and simple. The morning structure was bearish, so I shorted early and caught 20–30 point moves before flipping at 10:40 for the reversal. Throughout the day, I played structure and gamma zones just like we do inside the VX Algo system. Lesson & Mindset Sometimes, focus beats multitasking. Trading one account with intention often leads to better results than juggling multiple screens. And when you scale up, you realize that discipline matters more than direction. News & Levels Big takeaway from today — Fed’s Daly said the October rate cut was appropriate and they’ll keep an open mind for December. That kind of language tells us the Fed is keeping optionality alive. Tomorrow’s levels: Above 6910 bullish, below 6893 bearish.
CME_MINI:ES1!Long
by DiYWALLST