Elliot Wave Analysis of the ES Mini FuturesI've been very interested lately in the Elliot Wave Theory and how it can give high probability road map of where the Market is heading. In this video I'm setting up a trading plan using Elliot waves to give me an idea of a potential trade for this week. I'm still learning Elliot waves and by no means an expert, but I'm really loving the process and really getting the feel of how Elliot waves work. Please comment if if see where I can improve my skills! Thanks!
ESM2020_
ES, SPY day trading for June 8th 2020Es/ the upper end of the opening range is 3211 with the first lower level at 3196, but does not get bearish until first lower target is taken out at 2180. below that I have a few targets 3160, 3127, 3112, Even if all these targets are hit the big picture will still remain bullish. If we start running to higher levels have 3288 as up side target. So the opening moves have not been following a standard auction discovery so will be creating my plan more based on the move after the open and less of a premarket plan. But I am sure you have seen enough of these to know I will have a bearish trade model a bullish trade model and a choppy one.
The futures are going to start pushing volume forward to the September contract this week so watch for that.
In real time will be posting trade ideas in the members chat room.
ES, SPY, day trading for June 4th 2020ES I am not sure how many boxes I need to check to call a down move but lets say it is 6 boxes, yesterday checked one of them. This said the over night gives me 1/2 more boxes making me a very cautious trader looking for a bit of a down move. Watching 3099 and 3115 as my chop zone and a break above removes the box check marks. Most of the over night inventory is short so a good play would be a bounce up to top of the range 3115 for a possible short. Will also be playing retraces from the impulse moves if they come.
Maybe stupid posting before news but we will see if anything changes.
If it does will update
Es, SPY, day trading for June 3rd 2020Today watch the red zone bottom to see if bears have any life at all, this could be a good bounce point. also a hard up bounce that rejects could also be a sign that short may have a hope today. The market has been very lazy/choppy during the day and is moving all at night so play very safe.
ES, SPY, day trading for June 2nd 2020over night we had a selling distribution and a buying distribution leaving thing pretty even between the two. Looking at 3058 as the cross over between the two distros. Over all outlook is market remains bullish and so far is not putting in any sign of bears being present other than to give the market some squeezing lifts. So will watch for reason to get long as I respect the possible short side at some point.
My plan will be to play what comes and not have to much of a firm plan today. Will be calling out the action levels live in the trading room.
Dedicating Some Time Back To Futures. (ES)Been wanting to get back into the e mini for some time now.
As you know I focus on trading stocks and cryptocurrency mainly.
I mainly already have my alt portfolio created for long term holds in crypto and I have a couple of stock picks to finish out on the current trades as mentioned in the last post. Plus a couple of higher cap stocks that are also in play for swings.
I'm going to cool off and enjoy the big gains I got from the last two months and shift my focus back over to the emini for some day to day scalping.
We will be using and combining the Crossover strategy and the ema dots for the smooth buy and sell opportunites. Our trading system can make scalping very effective and I want to focus on development of this skillset. Most know I like to look for long term swing trades as I mainly am a position swing trader.
I will be scalping the one minute and I had to post the 15 min because I cant post lower timeframes.
I am considering of starting to live stream on here so I can break down how I trade with you all on live plays.
I will follow up with my current positions but mainly I will not be sharing a lot of different pairs as I go back to focus on scalping the market.
Just wanted to let my followers know where I sit on what I'm looking to play as of right now.
Will share follow ups on updates to the emini on this analysis.
Best of luck to you all in the markets this week!
Happy trading, 😁
🥇MLT | TRADE LIKE A PRO
es, spy,, day trading for June 1st 2020We remain in a big balanced area inside a bigger bull move, so today expect back and forth in a hard to predict manner until the balance zone is broken. Still looking for a signal that bears have any desire to get involved but so far all they have been able to provide us is some very sharp short squeezes.
Wish there was more i can say but nothing has changed in last week.