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Emini

Emini / ES / SPY (4H) Backtest : 57% win rate across 21 tradesWinners = 12 Losers = 5 Breakevens = 4 Total Trades = 21 % Non Losers = 76% % Winners = 57% % Breakevens = 19% % Losers = 24% Win/Loss = 240% Net R = 14.2 Avg R/Winner = 1.18 Avg R/trade = 0.68 Bad trades prevented due to presence of liquidity near SL= 14 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to trap the traders.
CME_MINI:ES1!
by makuchaku
NQ1!, Technical Breakout, Attempt to Establish a Short Term TopAfter a consolidation period (a smaller rectangle) the market broke to the upside. This is a good example of a technical breakout when a smaller consolidation takes place before breaking a well established level. That breakout has higher odds to stick. At this point the market is trying to establish a short term top before entering a new consolidation phase. Buy side may start feeling the heat if the price breaches 11660. However, 11600 is expected to be defended on first test. This is a good level to attempt a long. The idea gets invalidated if a strong downside momentum is created, usually by a news, leading to a liquidation move. Until that happen, a potential target remains 11800 with a 11750 hurdle on the way. If you watch traditional indicators like RSI flashing an overbought condition consider the structural breakout more important. Once the top is established, whatever the machine find appropriate, the RSI overbought condition would kick in. 10/11/2020
CME_MINI:NQ1!
by SviCapital