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WSP1! trade ideas

Combined US equities - D-DayYesterday, the Gap reopened, after an early week stall on Monday. These last two candles have top wicks suggesting selling pressure to keep the gap open. Thing is, I would have preferred to see a more solid down candle. Meanwhile, this indecision is biased to the downside from indicators and longer term chart (week) point of view. The MACD is in bearish territory and the VolDiv is bearish too. Price has been supported and one of two things will happen: 1. More probable is the volatility spike and markets breakdown fast as they are overdue; or 2. the less likely sudden extreme bullish rally, at the risk of being a blow out top or near term double top for a bigger bolder downside drop in a few months. Given these, and other supporting charts for a probable downside, I would watch the support breaks very closely.
CME_MINI:ES1!Short
by Auguraltrader
2
7-30-24 - HTF ViewThe monthly shows respect for a fvg into new highs. This is bullish, however today is the close of the month and the bar is unlikely to extend. Even if it does, it may need a reversal and has already done everything needed on the day time frame to show a reversal, namely a HH & iFVG with a GAP. The Weekly has invalidated a gap and has bounced off a lower gap. For now, the bias on the weekly remains bullish On the daily, we've tested from the -FVG and have not invalidated it. So, if we take any DTF liquidity, we can expect to push back into the gap (we've taken yesterdays low) and then we'll see if the gap will hold us down or not.
CME_MINI:ES1!Long
by kcft
1
Es Levels & targets July 29thExcellent follow through for buyers after fridays close. On Friday, one of my targets were 5528. We got there, then dipped. Right before the close, we got a failed breakdown of 5498 level which shot us right back up to 5528. Been basing up here since. As of now: Hold runners if you have them. 5519, 5502 are supports. Staying above keeps 5536, 5542, 5550-55 in play. 5502 fails, sellers retest 5483 area. Sellers are still in short-term control, and will stay this way until 5550-55 reclaims. Until then, all longs shall be treated with small size and high caution. Be very aggressive with profit takes level to level in this scenario when longing.
CME_MINI:ES1!
by ESMorg
ES Day Trading analysisOn ES , it's nice to see a strong sell-off from the price of 5545. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
CME_MINI:ES1!
by Trader_Dale
Building Success In PineScript - The Ment Pressure SystemAfter more than two weeks of playing around with Pinescript, I've managed to put together some really cool tools for my followers/subscribers. The idea of price pressure intrigued me, so I decided to create something based on it. Ideally, I planned to build something that helped traders find and execute better trades. It is difficult to identify chop vs. trending in any market/interval. My goal was to create a small suite of tools to help traders identify better trade setups. I still believe I have more work to do with these pressure tools, but I'm very happy with how they work. I did learn some "tricks" with Pinescript related to how variables and processes work (of course, by trial and error). Watching the code run in real-time has been fun (watching a 2 min ES chart). I can't wait to see how my followers use these tools and develop new ways to deploy them efficiently. What are your thoughts? Anything I can do to improve? Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Education
by BradMatheny