Pretty good day today some nice setups formed today and I made good use of them.
Sorry this one was a little rushed but I knew if I didn't do it today I wouldn't do it at all. Took some nice setups and some nice re-entries but nothing too crazy. Still dabbling in futures but made 800$ from 2000$
Took some nice liquidity sweeps long and then they paid out pretty nice. They seem to be working very well, just something to note.
Looking to enter at the open. E: ~4066 SL: 4085.75 TP: 4007-4026.50
Long trade on a strong support area. Take advantage for a quick scale. Keep in mind your risk tolerance. High impact news at 10am.
Just a quick recap of what the market did and my thought process behind trades that I took.
Fellow traders, If the full moon tonight excites the animal within - I propose taking a look at the S&P500 daily chart... (although this is a 2hr chart for detail ;) Full bullish structure, a balance day after Friday's strong push. MA's are strong and previous price structure resembles a possible strong move to 4000 This entry isn't prime quality - I would like...
Fellow traders, ES is in a tricky place. Many traders are getting excited about longs this week and I can't blame them. However, my strategy is painting a different picture. Last Tuesday and Wednesday we saw 3580 holding LIKE A BRICK WALL. It is very clear institutional entities had an interest in defending the level. 3600 - 3580 was a battle zone that I don't...
80% probability that the price will reverse when it reaches the order block area.
3735 has shown to be a line in the sand , support or resistance for trend within the megaphone pattern We could build a base for support here or reject today
3735 was support for the previous rally until data release demolished it , then was re-tested on stop run for the most recent data release and was rejected followed by a massive drop , 61% retracement of the drop and straight back up. Now approaching 3735 again for a potential low-risk short set-up. A break above , and holding a re-test would be cause for longs...
With the downtrend intact, I’m not taking any long trades this week. Shorts only. I’ve marked some trades of interest in terms of level and price, not accurate on the time scale obviously. Price is still in the wedge and I’m mostly interested in shorting from the high side. Last Thursday we got a short entry at the US open that hit our price target (see the...
SPX potential diamond bottom formation. with support of SMA 175 we might see a recovery. bulls need to defend ~3700 levels. but if we see a weekly close below 3600 we will see a free fall.
We can observe the weekly trend in MES which mirrors SPX and all SPX futures. Following consecutive lower lows and lower highs, we have broken the prior swing high to create a higher high. Equal highs and the weekly fair value gap above act as a draw on liquidity. Weekly fair value gap below also acts as a draw on liquidity. Retest and ‘double bottom’ in weekly...
Looks like a big rally shaping up to end the month of May, but June should be a full-on bear fest, at least to start the month. Major Wave 1 down should end in the 3200 - 3500 zone. Likely, we'll rebound from there into the Fall of 2022. Major Wave 3 will likely project down to the 1500 zone. Major Wave 5 will likely end in late Spring 2023 with target...
Just a quick trade map of where I think the opportunities might be on the current 4-hour configuration. Looking to get short in the 4075 area with a main target front running the balance area
TF: 4 Hr Might see price come down to $4300 area. If it does come to that level and bounces I think price will see $4,700. However, if it does not hold, I think price will test and may break $4,100 level.