Before reading this trade plan, IF, you did not read yesterdays, or the weekly trade plan take the time to read it first! (You can see both posts in the related publication section)
My trade plan is out later this am due to some family commitments. I will not be highlighting yesterdays, so please read it and review the real-time notes that I posted during the day.
September 24th - 7:30am EST
Overnight session high is 6728 and low is 6711. We have been moving up the levels in a very slow structured way since finding a low yesterday around 6701. Ideally, price will either continue to grind up and retest the 6741-44 area of where we sold off from, or we will need to retest overnight low or yesterday's low to flush and reclaim and move higher to back test the 6741-44 area.
Key Support Levels - 6721, 6715, 6711, 6701
Key Resistance Levels - 6728, 6733, 6741, 6744, 6754
We are in a bit of a holding pattern, unless you have a low time frame entry strategy for a scalp. I personally do not see much to get excited about as price slowly moves higher into some key resistance levels. IF, price loses 6715 and can't reclaim it, then we will probably head lower to retest yesterday's lows. Since I DO NOT SHORT ES, I won't have any good quality setups until we get a pullback. I will be patient and wait for a flush and reclaim of 6711, but 6701 or 6697 would be a much higher quality area.
Make sure you look at yesterday's sell off and plan. I wrote at "1:40pm - I would let price build a base. It could be here at 6710, 6705 or down at 6696. Give it time to build a base with a move lower like this. NO RUSH." We found structure at 6701 and it took us over 2hrs to build a base and chopped everyone around inside that tight 15pt range.
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 the 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 Levels are levels that show support and resistance levels of interest.
5. White shows the trendline from the August lows.
My trade plan is out later this am due to some family commitments. I will not be highlighting yesterdays, so please read it and review the real-time notes that I posted during the day.
September 24th - 7:30am EST
Overnight session high is 6728 and low is 6711. We have been moving up the levels in a very slow structured way since finding a low yesterday around 6701. Ideally, price will either continue to grind up and retest the 6741-44 area of where we sold off from, or we will need to retest overnight low or yesterday's low to flush and reclaim and move higher to back test the 6741-44 area.
Key Support Levels - 6721, 6715, 6711, 6701
Key Resistance Levels - 6728, 6733, 6741, 6744, 6754
We are in a bit of a holding pattern, unless you have a low time frame entry strategy for a scalp. I personally do not see much to get excited about as price slowly moves higher into some key resistance levels. IF, price loses 6715 and can't reclaim it, then we will probably head lower to retest yesterday's lows. Since I DO NOT SHORT ES, I won't have any good quality setups until we get a pullback. I will be patient and wait for a flush and reclaim of 6711, but 6701 or 6697 would be a much higher quality area.
Make sure you look at yesterday's sell off and plan. I wrote at "1:40pm - I would let price build a base. It could be here at 6710, 6705 or down at 6696. Give it time to build a base with a move lower like this. NO RUSH." We found structure at 6701 and it took us over 2hrs to build a base and chopped everyone around inside that tight 15pt range.
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 the 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 Levels are levels that show support and resistance levels of interest.
5. White shows the trendline from the August lows.
บันทึก
9:15am - One thing to remember is that last week's high was 6731. We could easily open at 9:30am and pop above the 6728 to 6731-33 level and then sell off back inside the range and flush lower. Above 6733 and we should continue to back test 6741-44 level. This is a very tight range and I would be cautious and not chase price. Only enter based on your edge. I will be following my plan! I really like the flush and reclaim of 6692-96 as our next level to find some liquidity. บันทึก
9:45am - Update6728 is strong resistance (6731 - was last week's high). IF, price flushes 6711 and reclaims, I would look to long above 6715. IF, price can reclaim 6721, we should retest 6728 and potentially levels higher. IF, we lose 6711 and can't reclaim, I would be patient and wait for 6697, 6692, 6687, 6687 - one of those levels to build a base and back test levels above.
บันทึก
10:05am - UpdateI bought a position at 6709.75 and have my stop at break even. I will sell at first resistance of 6715 and hold runner.
บันทึก
10:19am - I sold my runner at 6715.25. I think price can still go higher, but I wanted to lock in some profits today since yesterday was a slower day. I was able to get my daily 10pt full position and will wait to see if we pull back. Buyers have stepped in, and it is a positive that we have reclaimed 6711. We should back test 6719-21 then see what price does. I will take another position today, IF, price can lose the low and find a level in blue to reclaim and move higher. บันทึก
10:55am - We back tested to 6719 and sold off. Coming back down into a support at 6711. IF, we lose 6708, we will most likely continue lower. See plan above. While price could just bounce and keep going. It is always important to sell at key levels and not predict what price will do. Take profits when they are present! บันทึก
11:57am - We should get a short squeeze around this area. Watch for 6684-87 and reclaim of 6694. บันทึก
12:30pm - UpdatePrice hit the 6679.25 blue level, back tested it and held. Then rallied. I bought a position at 6681 and sold it at 6691 and have a runner at 6683. I will move it up, IF, price continues to rally. Any pull back we need to hold 6684. That would be a possible entry, IF, you missed this move. I would not chase. Let price build structure from this short squeeze.
บันทึก
1:12pm - We back tested down to 6686 and then have rallied up and into some overhead resistances at 6697. I just sold my runner at 6697. Price can still keep going higher, but I wanted to lock in gains for the day, so I can be off my desk this afternoon. I had a great day and it has been a great week. No reason to be greedy. I will send out a trade plan this evening or tomorrow before 6:30am.
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คำจำกัดสิทธิ์ความรับผิดชอบ
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน