As discussed in class yesterday. Similar setup on ES -Net Short -Bearish overall bias -50/vwap bounce (down) with MACD zero bounce( down) -Old support /New resistance with 50 MA Powerful setups... Stay Frosty!
Trading is not about a bunch of lines and indicators. I view trading as the price. And the price is always right. The market assigns a specific price to everything, and that price is almost always right in the context of that moment. No point fighting it. To make money in trading, I think everyone’s end goal is to buy low and sell high or sell high and buy low....
BATTLEZONE for ES Areas of Interest for tomorrow intraday trading 50/60 22/26 98/96 We will develop our daily plan based on this
Looking for potential setups in the mentions areas for reversals 3950 Bulls want above and bear want below Watch video for more details
Trade Plan Friday. Pivot: 3986 Bear Levels: 3968-3955 / 3936 Bull Levels: 4003 / 4035-4038
As long as subdued below 4155, I would think we retest today’s all important 4131 level. I think bulls will want to defend this level. If the bears can take 4131 out and hold below then they may want to clean up that poor auction at 4111. If bulls defend 4131 I think we can retest 4155. A break and hold above 4155 will easily target today’s HOD 4170. Above 4170,...
Group Class February #2 2023 EXAMPLE of ES entry Trade Plan Tuesday Pivot: 4123-4130 Levels Above: 4150 / 4160 / 4190. Breaking 4190 with force would target 4220-4230 which may offer some resistance. Levels Below: 4110 / 4090 / 4077-4070. Breaking 4070 with force would target 4050-4030.
Trade Plan Tuesday. Pivot(s) are 4005 and 4040. Break above 4040 targets 4050 / 4069 / 4092 Break below 4005 targets 3990 / 3980 / 3955 In the case of no break, some additional levels to watch are 4021 and 4030. StayFrosty!
The Profile. Today’s profile is P-shaped, which communicates to us that this move has been fueled by short covering. However, I want to focus a bit less on the profile and shift my focus onto one of our key levels from the past couple weeks which was also the prior weekly high, 4036. Holding below would expose a retest of the balance lows, thus it is a pivotal...
Playbook Trade Plan for Thursday Pivot is 3881. Above bulls have 3896 / 3915. Break and hold > 3915 targets 3937 / 3950 / 3960. Below bears have 3860 / 3844. Break and hold < 3844 targets 3828 / 3804 / 3777. Stay Frosty! For more info check bio.
I don’t like developing a super formal plan going into FOMC as the market is going interpret the information it gets however it wants (our job is to simply react). Trade Plan Wednesday Pivot is 3860. Below bears targeting 3844 / 3828 / 3804. In the case of a further bearish auction, we may target our weekly levels 3777 / 3750 / 3730 / 3712. Above bulls targeting...
WEEKLY SCENARIOS This week my key level will be 3800/3750. For intraday time frames, 3880-3890 could be important this week as well. Scenario 1: Unless we close below 3750 on the Daily (D1) or Weekly (W1) time frames, we could see a scenario where the market tests 3750-3800 but fails to break it. This is in line with what we have been seeing last few...
Trade Plan this Week Pivot is 3875. Big levels above are 3915 / 3960 / 3990 / 4000 / 4050. Big levels below are 3832 / 3800 / 3777 / 3750 / 3712. Market Structure Short Term Trend. Spooz remains in a downtrend until we can get back above that 3915, which would be the first goal for bulls as it would put them back in firm control. The Profiles. What the market...
Trade Plan Wednesday. Pivot is 4067. Below targets 4043 / 4026. Break and hold < 4026 targets 4008 / 3991. Above targets 4078 / 4088. Break and hold > 4088 targets 4101 / 4110. *Remember tomorrow is another data dependent event. The FOMC minutes will be released at 2PM EST followed by the conference half and hour later. We must be flexible with the plan, levels,...
Daily Plan 12.13.22 Market Structure Short Term Trend. Monthly and weekly timeframes remain in balance, daily timeframe trending up. Profiling. Lots of poor structure from today's US cash session below given the low volume nodes, single prints, etc. What I will be watching for is if we can get fills of this poor structure overnight. First set gets filled at...
Replay Function for The Group to ID entries and exits. Or fix misconnects in our trades. Little Part of Trade Plan given night before As stated above, bears have control < 3937. Below 3937, I will be looking for an inside day break of the LOD, 3925. Below 3925, I have 3902. Bulls have control > 3937. Above 3937, we have today’s VAH, 3947 which is also the upper...
Plan for this Week. Pivot is 3949. Below key levels are 3925 / 3910 / 3870 / 3847 / 3832 / 3800. Above key levels are 4020 / 4080 / 4100 / 4120 / 4145
Ebb and Flo on Hourly for Visual perspective on ES. Darvas Box Theory