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
Where is the S&P Target on Breakout?E-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5328.00, down 17.25 NQ, yesterday’s close: Settled at 18,786.75, down 12.50 All eyes were on NVDA’s earnings report yesterday, but the E-mini NQ was already up more than 7% on the month. Despite that strength and a new record high, price action became stagnant in the week leading into this report. So much so that momentum and breadth began showing signs of exhaustion. A beat and raise from the market’s most powerful engine has revved indices, slinging the E-mini S&P and E-mini NQ further into fresh record territory and confirming what began a week ago: a breakout above the March high. If the E-mini S&P and E-mini NQ were about to embark on a new bull leg, it is imperative for our first major three-star support levels, aligning with yesterday’s settlement, to hold. Furthermore, the E-mini S&P tested what we have had as rare major four-star support through the FOMC Minutes and again upon NVDA’s release. This level was also tested and held last Friday and brings a line in the sand defining the next bull leg at 5303.25-5308.50. So, where to next? Two weeks ago, we wrote here that we believed the market began to confirm a bottom was created in April and through the first couple of days of May. We also expressed our upside target for this wave aligns multiple technical indicators with a Fibonacci retracement and a 10% run to 5459.75-5474.25. Today, we will use this moment to reiterate this target. Bias: Bullish Resistance: 5365.50-5370.50*, 5391.75**, 5400-5420.25***, 5459.75-5474.25*** Pivot: 5349 Support: 5343.25-5345.25**, 5334-5336.75**, 5328***, 5319.50**, 5303.25-5308.50**** NQ (June) Resistance: 18,977**, 19,085***, 19,319*** Pivot: 18,891 Support: 18,786-18,825****, 18,715-18,732**, 18,678-18,691***, 18,620-18,635**** *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
Prep and Lean ES/SPX/SMCIScenario #2 in play from Daily PLAN: (LINK BELOW) Scenario 2: Neutral open if between 5340-5350. But if we open below 5334, then I think 5340-5350 may present resistance, if tested, for a target of 5316-5320. ES Trade Plan Inflection: 5331-5332 Upper lvls: 5345 / 5368 / 5377 Lower lvls: 5304 / 5292-5296 NQ Trade Plan Inflection: 18786 Upper lvls: 18812 / 18964 / 19143 Lower lvls: 18730 / 18671-18677 / 18643 / 18483-18510 Stay Frosty! Long08:03by Beyond_Charts0
Trading Plan for Wednesday, May 22nd, 2024Trading Plan for Wednesday, May 22nd, 2024 Market Sentiment: Bullish, consolidating within a tight range. Expecting a breakout, but with heightened anticipation due to Nvidia's upcoming earnings after the bell. Important Note: Nvidia earnings after the bell could significantly impact market direction and volatility. Be prepared for potentially large, unpredictable moves. Key Supports Immediate Supports: 5335 (major), 5329, 5322 (major), 5307 Major Supports: 5300-02 (major), 5272-68 (major), 5235-40 (major), 5217-21 (major) Key Resistances Near-term Resistance: 5346-49 (major), 5369 (major), 5401-03 (major) Major Resistances: 5412-15 (major), 5438 (major), 5472-76 (major) Trading Strategy Nvidia Earnings Watch: Exercise caution and be prepared for significant volatility following Nvidia's earnings announcement. Consolidation Breakout: The market is coiling up for a potential explosive move. Focus on the 5302-5347 range for a potential breakout in either direction. Long Opportunities: Look for bids at 5329, 5322, or 5300-02 if they hold after potential tests. Consider taking profits level to level, especially given the heightened risk environment. Short Opportunities: Avoid shorting green candles and breaking trends, as the win rate is typically low in such scenarios. However, for those comfortable with counter-trend trades, monitor 5412-15 as a potential shorting zone if price rallies significantly after earnings. Bull Case Bull Flag Breakout: The current consolidation range could be interpreted as a bull flag. An upward breakout above 5347 would target 5369 and 5401-03, potentially leading to a strong upward move. Holding Support: If the 5322 support level holds, expect further consolidation and a potential breakout later. Bear Case Breakdown Signals: A convincing break below 5302 would trigger a deeper retracement, potentially retesting the 5272-68 (major) and 5235-40 (major) zones. Shorting Opportunity: If 5302 is tested and followed by a bounce and acceptance of lower levels, consider entering a short position around 5299 for a level-to-level move down. News: Top Stories for May 22nd, 2024 🌐 IMF Highlights Cybersecurity Risks to Financial Stability: The International Monetary Fund (IMF) has issued a warning about the increasing threat of cyberattacks, which pose a significant risk to global financial stability. This underscores the need for enhanced cybersecurity measures across the financial sector. 🏦 Federal Reserve's Cautious Stance on Inflation: Minutes from the Federal Reserve's latest meeting reveal a cautious approach towards inflation, with officials prepared to adjust interest rates if economic data warrants. This has implications for future monetary policy and market expectations. 🌍 Global Trade Prospects Brighten: Reports from the IMF, WTO, and OECD suggest a rebound in global trade, driven by easing inflation and a robust U.S. economy. This recovery follows a slowdown in 2023, with significant implications for global economic growth. 📊 Economic Outlooks and Forecasts: Various economic outlooks from entities like J.P. Morgan and Deloitte provide insights into future economic conditions, highlighting the ongoing adjustments in response to geopolitical risks, inflation concerns, and policy shifts. These forecasts are crucial for strategic planning and investment decisions.Longby spytradingpro0
Wedge CityCurrently in a wedge, breakout will determine direction. Hoping for the upside!Longby The_Gains1
Lean and Prep ES/SPXES Trade Plan Upper Inflection: 5345 Upper lvls: 5357 / 5370-5377 Lower Inflection: 5323 Lower lvls: 5304 / 5292-5296 NQ Trade Plan Inflection: 18786 Upper lvls: 18812 / 18945 / 19143 Lower lvls: 18720 / 18643 / 18542 / 18413-18447 Stay Frosty!06:43by Beyond_Charts0
Morning price Action REview ES 5-22-24Going over the price action Overnight looking for clues as to what the market is telling us, actionable areas and how we want to manage risk.01:43by BobbyS8130
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code. Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position. However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable. Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term. Warning: This is the first live test of this strategy!! Estimate time for price to increase : 1months-6 months Expect price to stall within the drawn range. For the following weeks I don't expect any mayor price movements until the elections, unless a sudden international event happens.Longby DarkMessiah7770
ES Fibonacci Analysis (May 21)This Fibonacci drawing was drawn from 5315 to 5349, going up. If ES breaks above 5350, then it can continue to the next Fibonacci level of -50% at 5366. Please note the 2HR FVG close at 5339. Once price action reaches this level, price action may bounce and continue up, or fail and continue to fall lower to test the Daily FVG level again at 5315.by RandiMichelle1
Will buyers have the momentum?In the S&P 500, will buyers have the momentum to push the S&P 500 to new record highs? The structure to facilitate this movement is in place and the release of the Fed meeting minutes on Wednesday May give the excuse for the S&P 500 to move to those new levels.02:01by DanGramza2
ES Bull Flag BreakoutES has a shorter term bull flag breakout on the 15m. Things are looking good for a rally into close and into tomorrow leading up to NVDA earnings.Longby AdvancedPlays0