ES Trade Plan: Get Tomorrow's Entries Tonight
As written in last night's ES Battle Plan:
After a tremendous sell off, back down into the well defined range... We are at the bottom of that range. As long as we are in the GREEN AREA of that range, I lean long here.
Long was right.
100 POINT RUNNER:
Our first mapped-out Battle Plan long of the week delivered a 100+ point runner ... if you held onto a risk-free “paid for / financed” runner. What a way to kick off the week. Congrats!
From the go... we knew our target early with eyes on longs to reach it. As posted at the opening in Discord.
🎯 TARGET HIT!
Our group also got long off recapturing Friday's "IB High" targeting the Thursday gap fill. Several of you did very well on that entry too - congrats.
Then we tap danced with the strong range (see image below) and finally 'filled the gap' and creating a delightfully profitable Battle Plan long.
All you had to do today was be patient and be long - it paid handsomely. Congrats to all long traders today, you were on the right side of price action today. Let's do it again tomorrow.
PERFECT CHESS:
KEY IDEA:
If you are in a cash account, play perfect chess with your runner! There is nothing else do but to follow up your stop and SEEK to ADD to your WINNING TRADE. This could be a multi-day swing trade - who knows. Just play perfect chess with no bias.
RISK FREE RUNNER "ADD ON":
On this AM Zoom, we called out a beautiful Core Strategy entry to add to your Battle Plan Trade (or to initiate a trade if you missed the IB High reclaim long). It was a perfect touch-n-go entry - our favorite. This add-on was RISK-FREE. Why? Because you are ALREADY in a winning trade with a "financed" runner. You can't get hurt when adding to your winning trade while up 70 points.
KEY IDEA:
Adding "Risk Free" contracts to a winning trade is very powerful and a core trading principle in our group. Congrats to the traders who added to their winning trade!
THE EASY TRADE TODAY:
This morning was strictly “Longs Only.” No short setups even came close to triggering. Staying long was the clear and easy trade.
Plenty of traders should be recording a nice green day with 1 or 2 entries max today. Not a lot of trading, just a lot of sitting - the way trading was meant to be.
KEY IDEA:
“It was never my thinking that made the big money for me. It was always my sitting.”— Jesse Livermore, as quoted in Reminiscences of a Stock OperatorLONGING IN ALL THE RIGHT PLACES:
We were longing in the right trade locations on the chart again today! That’s half the battle – knowing exactly where you want to engage with price. In fact, that’s the entire purpose of the Battle Plan. My hope is that it brings calm & clarity to the chart, because we know precisely where to expect reactions and can pair that with our Core Strategy for entry. A perfect marriage.
TRADE OF THE DAY
FREE LIVE STREAMS:
Tuesday: AM (15M Before Market Opens)
STRONG LEVELS:
Version: 8.3 (Sunday’s date).
Comments
Post a Comment