ES - November 24th - Daily Trade Plan

4 日前

November 24th- Daily Trade Plan - 7:20am

*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.

--------------------------------------------------------------------------------------------------------

Friday's trade plan had 2 excellent setups with the flush of 6540 and reclaim around 10:45am and the back test of the 6594 breakout around 11:45am. That is all that was needed to have a nice day to end the week.

Overnight we gapped at the open and the overnight high was 6669 and overnight low is 6625. We should have a pretty straightforward day with the following key levels.

Key Levels Today

1. 6625 flush and reclaim
2. 6608 flush and reclaim (could go down to 6594 and then recovery)
3. 6540 flush and reclaim
4. 6524 flush and reclaim
5. 6669 reclaim level and back test to move higher

I will post an update around 10am EST
----------------------------------------------------------------------------------------------------------------
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 Levels are previous day's session High/Low

4 日前

ノート

11:55am - Update

Price spiked to 6687 at the open and then trapped below 6669 before reclaiming and back testing at 10:12am and has continued higher into the 6715 resistance. Price can continue higher but 6725 area was the target of the back test from the Thursday sell off. If price can build a base and continue higher, I would need to wait for a pull back before I can enter anything long at this point. 6625 should be a really good level for price to bounce on any pull back. We could easily chop around above 6680-6725 the rest of the day. I just need to be patient and wait for a pull back to give me an opportunity to ride price higher.