Small Account Challenge Day 14 Update - +$1,788, 675% SPX WinToday was great, had some awesome short setups earlier in the morning and I was able to capitalize. Thankful to have $3k profit after the first 14 days. I'll be taking MIL:1K out so I'll be trading with profits from now on.05:20by AdvancedPlays0
20240531 ESI anticipate more downside on 8.30 HI news, d ss raid and reversal to the upside for the rest of the day. Longby Yoo_CoolUpdated 0
S&P 500: Already reached the summit?According to our expectations, the overarching wave (1) in magenta should extend to a new record high. Only after this impulse do we anticipate an extended wave (2) correction. However, please note our alternative scenario (38% likely). This option will be triggered if the key 4964 level is breached and implies that the price is already in the correction.by MarketIntel0
Paths for ES Ahead of PCEI am bearish right now, but I went mostly cash before close yesterday. I'll trade the reaction in whatever direction that presents itself, but if ES can't hold 5240 and VX keeps moving higher I think ES.is headed to 5200 minimum.Shortby AdvancedPlays0
Small Account Challenge Day 12 Update - +400% on IWM PutsHad the best day of the challenge so far and I'm hoping the momentum can continue into tomorrow.Short11:52by AdvancedPlays0
AMP Futures - How to apply an OCO Bracket order (Post Entry)In this video we will demonstrate how to apply an OCO Bracket order to an open position with no (Take profit) & (Stop Loss).Education10:29by AMP_Futures1
PUT Spread on /ES Neutral to Long strategy58 days out, Jul 26th 90% chance to win on this trade without needing to adjust -4690 +4640 PUT side $100 premium, $13 in fees, $697 capital allocated 12.4% Will close around 50-70% Next time doing one of these will aim for at least $100 post fees.by leongaban0
S&P 500 (US500):🔴Bearish or bullish...?!🔴By examining the weekly and 4-hour charts, we can determine the price was heavily pushed down after creating the all-time high. I am not bearish for the long-term on the S&P500, but for now, I think the price can have a bearish reaction to the bearish breaker block and move down at least till the previous week's low, then we should study the price to find out the next move. 💡Wait for the update! 🗓️27/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌Shortby VahidTradingCRUpdated 111
Prep and Lean ES/SPXES Trade Plan Inflection: 5329 Upper lvls: 5345 / 5363 / 5370-5377 Lower lvls: 5309 / 5290-5297 / 5272 NQ Trade Plan Inflection: 18933 Upper lvls: 18974-18982 / 19120 / 19148 Lower lvls: 18867 / 18787 / 18725 / 18621 Stay Frosty!07:21by Beyond_Charts0
Trends still show upward movement; CPI Data this weekSo trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and we were pushing above that Daily lower high resistance level around 5160, I went long. I did cash that trade out around 5260 for a $5000 trade. Given the uncertainty of how CPI could come in, I am likely to stick out until I see that data this Wednesday. While I'm not certain what Core CPI will do, and that SHOULD be the main data point we pay attention to, I have concerns based on a 10% hike in gas prices over much of April that Headline CPI could come in above expectations and cause at least an initial panic sell off. We are nearing the potential for an overbought state on MFI/RSI on the daily, so watch for algo trading around those levels as well, at least on the initial touch. Obviously we rented living space in overbought territory at the beginning of this year, so it doesn't mean we have to reverse at all, especially in this FOMO market. I continue to see the current conditions as very bullish, in spite of significant concerns I have for the ES Economy overall. While there was a time when the US Markets reflected the state of the US Economy, I think we have a massive disconnect between the two that was caused by the COVID Pandemic. I think the new trend is when the economy looks rough, dump money into Mag 7 / NYFAANG / or basically whatever hyper select group of stocks equals the majority of the market cap out there, which will just push markets higher in spite of economic conditions. Walmart Earnings on Thursday will be something to watch, moreso as it might show insight into consumer health more than what is actually happening with Walmart. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5251 Uptrend (5/13/2024) Higher High 1Hr - 5241 Downtrend (5/10/2024) Higher Low 2Hr - 5229 Uptrend (5/9/2024) Higher High 3Hr - 5157 Uptrend (5/3/2024) Higher High 4Hr - 5148 Uptrend (5/3/2024) Higher High 6Hr - 5148 Uptrend (5/3/2024) Higher High 12Hr - 5188 Uptrend (5/6/2024) Higher High Daily - 5166 Downtrend (4/12/2023) Higher Low Weekly - 4769 Uptrend (12/11/2023) Higher High Monthly - 5304 Uptrend (03/31/2024) Higher High Economic Data; PPI & Powell Speaking on Tuesday CPI on Wednesday Jobs data on Thursday Earnings; Home Depot Tuesday Walmart on Thursday Geopolitical; Russia has had a major push into Ukraine, not sure it will matter but there is the potential for a major offensive to pick up pace there. Israel / Hamas conflict continues to be a concern but doesn't seem to have much influence on markets at the moment. Overall Sentiment; Shorter Term - Neutral Short Term - Neutral Medium Term - Mmmm... really undecided on this one Long Term - Bullish Overall, I could see a quick pull back overall this week, but even if this happens I think the market will heal whatever dip we have and we will end higher overall by the end of next week. Safe trading, and remember your risk management plan!Long08:16by SemperTraderUpdated 0
ES - One Step At A TimeWith 4 consecutive weeks of straight bullish price action, what would it take to slow down this bullet train? I mean, it could go up forever but markets move in waves of fractals and retracement is perfectly healthy in a macro bull market.02:43by LegendSinceUpdated 0
Weekly Plan ES Futures - Week Of 5/27Weekly plan: ESH2024 NYSE:ES FUTURES 5/20/2024 5349 >> 5395 >>> 5439 Weekly pivot: 5308, Now 5333. Weekly Open 5322 5269>> 5216 >>> 517304:16by dhjesus1
O DTE trade on /ES today-5270 +5255 / -5340 +5360 Huge fees on ES,$5 per leg, buying 2 contracts each leg to get premium over $100. Could close early later today, or just let this play out. Deltas are low atm: -5270 +5255 / -5340 +5360by leongabanUpdated 0
SP500**SP500:** New all time high at 5369. The forecast is for the price to descend to the bottom of the channel and rise to make new all time highs.Shortby simaoxceps0
ES to ATH!We can see How beautifuly -D OHLC manipulation is overlapping with discount + Old Low. THOSE TARGETS?? -D OHLC Distribution + 1/3ADR + 1/3AWR and mosr recent one + manipulation D OHLCLongby Keclikk1
#202422 - a weekly price action market recap and outlook - sp500Good Evening and I hope you are well. sp500 e-mini futures Quote from last week: bull case: Bulls have every argument on their side for printing higher prices. Bears created 1 bear bar in 11 days and Friday closed 1 point below the daily high. That is as clear of a buy signal as it can get. At the minimum they want to retest 5349 but if bears step aside enough, we will melt right through for much higher prices. As of right now, the weekly chart printed an obvious double top but to confirm that, bears would need a strong sell-off next week. If bears will not get it, the big bull trend line pointing to 5450-5500 is the next magnet. comment: So I posted my weekly chart, which is obviously not pretty and you should not trade on that. It’s to have a rough outlook and calculate targets on higher time frames. And currently I have two bullish third leg targets (bigger and smaller tf trends) at 5560. Those are rare but I would not bet my house on those, just because they are rare and it’s nice when a bigger and smaller trend align. Like stars, you know. Anyway. Still holding the possibility that bears surprise the bulls and drop hard below 5250 again to trap em. If bulls continue and melt above 5370, it’s reasonable that the next targets are the obvious bull trend line around 5500 and my calculated targets are around 5560. current market cycle: trading range until new ath with follow through or drop below 5000 key levels: 5250 - 5370 bull case: Bulls have not touched the daily 20ema for 13 trading days. They are in full control and have all the odds on their side. Bears need to break below the ema to change that. The sell-off on Thursday was strong enough to make at least some bulls doubt another leg up. Friday’s bar only tested the breakout level 5330 and was an inside bar. On weekly/monthly time frames it still looks as bullish as can be. However, I gave my reasoning above why I’d for more confirmation above 5330. If you buy here, you could be buying right at the top of a trading range we have been forming for 4 months. So, I’m very bullish if we print big bull bars and break above 5370 with follow through. Bulls invalidation price is around 5250 for me. bear case: Bears still have the argument that this was a higher high double top on low volume. If they can produce consecutive bear bars below 5250, it’s reasonable to assume that most bulls will cover longs and would look to buy much lower again, possibly around 5000. If bears fail to keep this below 5370, bulls will board the rocket to 5500 and higher. Keep in mind, we are above alomost all bull trend lines, far above the weekly ema, have not touched the daily ema in 13 days and if you still doubt this is as bullish as it get’s, look at weekly/monthly charts. Everyone knows this rally makes no sense from a valuations perspective but that does not matter. Price is truth. outlook last week: “Slightly bearish - Retest of ath or 5330 expected before we should see more sideways to down price action. If bears are reasonably strong, we should see 5260 or 5200. Invalid above 5350 with follow through.” → Last Sunday we traded 5349 and now we are at 5321. We saw another smaller higher high 5368 and the low of the week was 5273. I’d say those targets were pretty freaking perfect. You are welcome. short term: Absolutely neutral until we see a breakout. Got a huge bear reversal on Thursday and a bull inside bar afterwards. I wait. Bullish above 5370 and bearish below 5270. medium-long term: Trading Range until 5000 is clearly broken and has turned resistance. If bulls can break strongly above 5350, it’s obviously a continuation of the bull trend and my next target would be 5500/5560. current swing trade: Small short position from 5329, SL is 5345. Chart update: Please read comment section aboveby priceactiontds0
MES HL MTR or 2nd Leg MM UpAcross the board on US Indices, Lots of sympathy for a major trend reversal, or a 2nd leg up. Good probability. Bit late on post.Longby AgedvagabondUpdated 0
Small Account Challenge - SPY and IWM - Day 10 Journal UpdateA quick recap of this week's action and my progress on the $50k challenge.06:26by AdvancedPlays0
SP500 E-Min - Monthly Chart - 25 May 2024Here is a monthly chart, with my forecast of where price may go. I'd wait for a pullback before i would then look to long. Long02:12by TraderRiz0
Price Action Review ES 5-23-24 what happened?going over yesterday's sell off. many traders wanted to quit but dont quit. reflect. grow. We need days like yesterday to dial in our trade management. Trade Management is every traders #1 Responsibility. its NOT making profit. its learning how to manage our positions. 02:59by BobbyS8130
TRACKING IPDA 20 40 60 RANGE5/23 - The IPDA range can be used to track and anticipate the quarterly shifts in the market. as of today 5/23 the ES has made a new breaking the projected 40 60 day highs . It is reasonable to expect the markets to drop to the 20 40 60 day lows over the next 3 months. by dclemens5610
Lord Medz live trade 23 May 2024Maximizing Evaluation Account Success with MNQ Trading: A Live Session Review Welcome Traders! In today's post, I'm diving into the world of live trading on the Micro E-mini Nasdaq-100 Futures (MNQ) using the Smart Money Concept (SMC). I'll be reviewing a recent live trading session aimed at maximizing evaluation account funding opportunities. Whether you're new to trading or an experienced trader looking to hone your skills, this session offers valuable insights into the MNQ market. Why I Trade MNQ with Smart Money Concepts The MNQ is a popular choice for many traders due to its lower margin requirements and the ability to scale positions with smaller contract sizes. By incorporating Smart Money Concepts, I can better understand market movements driven by institutional players, allowing for more informed and strategic trading decisions. Live Trading Session Highlights In my latest live trading video, I focused on the following key SMC strategies and setups: Market Structure Analysis: Identifying key swing highs and lows to determine market structure (bullish, bearish, or ranging). Using price action to confirm shifts in market structure and potential trend reversals. Marking areas of liquidity such as previous day highs/lows and significant support/resistance levels. Order Blocks: Recognizing institutional order blocks that signal potential areas of smart money entry. Placing trades at order blocks with tight stop-losses just beyond these zones to minimize risk. Observing the reaction at these order blocks to confirm the presence of institutional activity. Liquidity Pools: Identifying liquidity pools where stop-losses are likely clustered (e.g., above resistance or below support levels). Anticipating potential stop hunts by smart money to trigger these liquidity pools before reversing price direction. Entering trades after stop hunts to align with smart money movements. Fair Value Gaps (FVG): Spotting imbalances in the market where price moved too quickly, leaving a gap. Trading around these gaps as price often returns to fill them, providing entry opportunities. Using these gaps to set precise entry and exit points based on anticipated price movements. Risk Management: Maintaining a risk-reward ratio of at least 1:2 for each trade. Implementing trailing stops to protect profits as trades move in my favor. Ensuring no more than 1-2% of the trading account is risked per trade to preserve capital. Results and Takeaways By the end of the live session, I successfully executed several trades, demonstrating the effectiveness of these SMC strategies in real-time market conditions. Here are some key takeaways: Patience and Discipline: Waiting for the right setups and not forcing trades is crucial. This approach reduces the likelihood of unnecessary losses. Adaptability: Markets can be unpredictable. Being flexible and ready to adapt to changing conditions can improve trading outcomes. Continuous Learning: Each trading session offers new lessons. Reviewing trades and refining strategies is an ongoing process that enhances skill and performance. Getting Funded Evaluation Accounts My primary goal with these live sessions is to help traders secure funded evaluation accounts. Here’s how you can apply these strategies to achieve that: Practice Consistently: Use a demo account to practice the strategies highlighted in my sessions. Consistent practice builds confidence and proficiency. Follow Evaluation Rules: Adhere strictly to the rules set by funding programs. This often includes maintaining a specific profit target, maximum drawdown, and adhering to daily loss limits. Stay Educated: Continuously educate yourself through trading courses, webinars, and live trading sessions. Knowledge is power in the trading world. Watch the Live Trading Video To see these strategies in action and gain a deeper understanding of my approach, watch my latest live trading video on MNQ. Click the link below to watch now and start your journey towards securing a funded evaluation account: Watch Live Trading Video on MNQ Happy Trading! Stay tuned for more trading tips, strategies, and live session reviews. If you have any questions or topics you'd like me to cover, feel free to reach out. By focusing on Smart Money Concepts and risk management, this post aims to provide traders with the tools and confidence needed to succeed in evaluation account programs.09:19by Skinwah0
Over Night Price action REview ES 5-23-24going over the price action overnight looking for clues to what the market is telling us. NVDA another blow out report. NVDA is the stud of 2024 for sure. focused on NVDA and the AI sector. 01:09by BobbyS8130