ES - December 3rd - Daily Trade Plan

12 ชั่วโมงที่ผ่านมา

December 3rd- Daily Trade Plan - 6:10am

*Before reading this trade plan, if you did not read yesterday's take the time to read it first! (You can view the posts in the related publication section) *

If my posts provide quality information that has helped you with your trading journey. Feel free to boost it for others to find and learn, also!

My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective.

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Yesterday we had some really good intraday levels that price continued to respect with no overnight session low that was flushed and reclaimed. You can see that we chopped around and have continued to maintain the range between 6812-6864.

Let's discuss today and what we are looking for. Our overnight session low is 6837 and our high is 6857. Price has been building a very tight range over the past few sessions, and we are getting close to a breakout or breakdown that could trigger today or tomorrow. Since we are not fortune tellers, we will need to focus on identifying levels we can grab points from today.

Key Levels Today
1. 6847 flush and reclaim (lower quality)
2. 6837 flush and reclaim (medium quality)
3. 6824 flush and reclaim (medium quality)
4. 6818 flush and reclaim (high quality)
5. 6812 flush and reclaim (high quality)
6. 6801 flush and reclaim (high quality)

Below these levels and price will most likely be selling off and I would be getting out the way and let price find a level below to reclaim and move higher.

I will post an update around 10am EST
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Couple of things about how I color code my levels.
1. Purple shows a current or prior weekly low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
4. Yellow shows core support/resistance levels
5. White shows overhead resistance/targets

10 ชั่วโมงที่ผ่านมา

บันทึก

7:45am - update

If you have been following my daily trade plan for any length of time you know that I am very cautious when price breaks above the overnight high before the 9:30am open. We have some economic data coming out at 8:30am EST and usually we will get whipsawed around and the immediate direction after economic news can be a trap (not always). I expect us to be patient and find a flush of at least 6847 if not 6837 at some point this am. I will post an update once we see what price does at 8:30am-9am and after the open.

9 ชั่วโมงที่ผ่านมา

บันทึก

8:53am - Update

We did not get much of a reaction at 8:30am. Price has been trying to hold the 6857 level, and we are building structure that IF price does clear 6862-64, we should have an opportunity for a back test to enter for a level to level move. IF price loses 6857, we will try and get some points at 6847, 6837, 6824. Below 6824 and we could be selling off pretty quickly and while 6818, 6812, 6801 are still levels to look too long, entry will depend on if price is knifing down. IF so, I would be patient and wait for price to build a base at a level and see good price action for a move higher. Will send out an update around 9:45am-10am.

9 ชั่วโมงที่ผ่านมา

บันทึก

9:25am- Update

Price sliced down to 6818 and I was able to get into a position at 6821 and sold 3/4 position at 6826 (This was next level up) and have my runner at 6818. Price is trying to build a base here but with 9:30am upcoming, I would not be surprised if my runner stops out. If it does, I will look for price to reclaim 6818 on the next flush.

8 ชั่วโมงที่ผ่านมา

บันทึก

9:45am - Update

Price is trying to clear the 6837 resistance. I decided to close out my runner at 6835 as I can always enter on a back test of 6837 if price wants to go higher. Ideally, we get a pull back below 6822 and reclaim of 6822 should be good for some points higher. Let's see what price does over the next hour.

8 ชั่วโมงที่ผ่านมา

บันทึก

10am - Update

Took my last position of the day with the level loss of 6822 and reclaim and got in at 6824 with a stop loss of 6830. Sold 3/4 position at 6837 and runner is now at 6832.

8 ชั่วโมงที่ผ่านมา

บันทึก

10:07am - Update

Price can clear 6847, but I decided to sell my runner at 6842 so that I can take care of some personal items off my desk today. This was a great hour that had some fantastic setups that with patience you can be rewarded. We are back testing 6847 which is the area we sold off from, and price really does not need to back test much more. If it is bullish, it will clear 6847 and continue higher. If price loses 6822, we will need to find levels below for opportunities to long. Daily trade plan will be out at 6am EST tomorrow. Cheers!