There was a perfect setup going into the cash open on S&P 500 this morning with an excellent RRR. Once the price on the CD wave breaks the AB high, I checked my Magic Bars for yellow indicating a strong move and entered my first position. As long as MACD momentum was positive and RSI was above 50, the price vector was in my favor. So when the price dipped back to...
Trade #7 / Wednesday, December 2, 2020 / 1:28 / Sell ES
Trade #4 / Tuesday, November 1, 2020 / 8:31PM / Sell ES Overall trend is bearish on 5 minutes Trend continuation trade Market consolidated after push 1 - 2 risk and reward ratio Target is right before key support level Stop loss is 1.5 ATR above last consolidation high
Trade 3 - Sell - ES - Tuesday, December 1, 2020 - 12:39AM Trend = Bullish Reversal Trade Head & Shoulder pattern 1 - 3 risk to reward
Monday, November 30, 2020 - Sell - Trade 2 Trend = bullish Trade type = reversal Trade reason = price pull back below previous higher high Target reason = exit before next support level Risk to reward = 1 - 2 ratio Risk management = breakeven at 1 - 1 Notes: Bad stop loss placement ( placed stop loss on a open atr candle )
Directional bias = bearish Reason for entry = pullback to resistance Trigger = broke back below resistance Stop = 1 atr from recent high Target = 2 - 1 Management = 1 - 1 breakeven Monday, November 30, 2020 - 1:30PM - Trade 1 - Open Sell - ES
Consider trading the breakouts/breakdowns of the Pre-Market and Opening Range levels in the USA Futures Session. In this example, Pre-Market time is 4:00AM-9:30AM Eastern time and Market Session time is 9:30AM-5:00PM Eastern time. The Opening Range is defined as the range between the high and low of the first 5 Min candle.
stock and options watchlist for the week of november 23-27 brought to you by nexus investments llc
Hi Everybody. Well, it looks like the Daily DP Resistance zone (that the ES hit on Nov. 9th) appears to be holding. The rally from the Nov. 10 low into the Nov 16 high appears to be corrective. This would indicate a continued decline to come. A weak Daily close below the Nov 10 low would be confirmation of this. So let's watch the ES (US Stock Market) and see...
determining supply and demand zones on /ES
Dec 2020 Possible stop below handle low or mid cup Not a recommendation
The Robert N. Burgess School of Analysis and Trading creates many advantages in trading. By "reading the tape," for all time frames / waves of buying and selling, a trader sees actionable changes in price action in 'real time,' which creates good “odds” for trades. Therefore a trader usually can get the ‘jump’ on other traders, before they become buyers or...