ES Pre Market March 15th 2023

Updated

Starting with the 4 Hour Trend Structure, we are in a down trend, with price currently in a 100 point range. Price is currently down 1.8% prior to NY open and prior to major red news here in less than 5 minutes as I am writing this. I am expecting a flush to the lows followed by a buying opportunity, Possibly, it depends on price action at the time.

Note

Next is the 15 Minute chart. Today's price action went and grabbed the money that was sitting down low from yesterday. Now that it is flushed, I am expecting NY open to chop around down at the bottom before heading back up to the other side of the 100 Point range. Buy Low, Sell High

Note

Finally, on the 2 Minute chart, We had that waterfall sell off during the London session that brought us down into 75. Major red news just released 15 Minutes ago and spiked up exactly to 00 before selling off back down to 75. Will price stay inside this small 25 Point box like it has done before in the past? Price is down 2% currently. Will price stay down and head for the low of month to grab that liquidity?

Note

This is my trade idea for today if it stays in the 25 point box. Reject off the 200, using an 8 point stop and a 32 point target of 4 to 1.

Trade closed manually

got filled on the exact tick at the high with a limit order. I did not be the first mouse and waited patiently. I did not get my 4 to 1. I closed manually. I had 3 to 1 reached but got out at 2.66 to 1 for a 318.75 gain or 21.75 points

Exactly as I thought this trade would play out

Note

Here is my trading results for the day. I tried to enter into 1 more trade with what I thought was a M top. It was a loss. I only used 1 contract to protect prior gains. I am walking away with 2.8R on the day.

Dow_Jones_Maestro

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