Wednesday ES Trade Plan
A Recap of Today's Price Action & Setups:
As mentioned in last night's Battle Plan:
The bulls were underwhelming today. But the bears couldn’t break yesterday’s RTH low — ending the session inside the previous day’s range — and that’s noteworthy, in my opinion.
They also failed to break the RTH low or even challenge the critical strong level at 6311. I’m hopeful they’ll take one or both in the overnight session and bounce back above with strength.
There were two entries last night:
- Battle Plan Long as outlined. See the green arrow.
- 3M Base FS — Basic "Core Strategy" (For Full Members)
Either entry offered a 20–30 point runner, depending on trade management. Alternatively, you could keep a paid-for runner at your entry — it depends on your account type:
- Cash Account: Keep the runner at break-even.
- Static: Keep the runner at break-even.
- End of Day Drawdown: Keep the runner at break-even.
- Trailing Drawdown: Monitor closely!
Unfortunately, this entry was near midnight... so I didn’t take it. Oh well — we wait for the next setup. There's always another high-probability trade around the corner. This was the genesis of the Tip of the Day in this morning’s AM Briefing.
RTH
The bottom of the Strong Range held up again! We called it the "Teflon Don" level on Zoom.
Price came back to last night’s long level and bounced again — potentially stopping out a break-even runner. You can’t win them all!
If you got long again — and we tried — we were hoping for a pullback to 47, but it never came. The upside target was hit first.
The Battle Plan suggested targeting the upper strong range and noted: "Great Take Profit at Strong Range."
TRADE LOCATION: KEY!
The bottom of the strong range — the Teflon Don Level — held again, as highlighted in the AM Briefing (time-stamped).
And don’t forget — that level was also the TOP of the HTF Range, as clearly marked in yesterday’s Battle Plan.
Yesterday's Battle Plan:
"It’s worth noting… we’re hanging out at the TOP of the RANGE."
Knowing your ideal location is half the battle… knowing exactly where you want to engage with price.
The purpose of the Battle Plan is to bring calm and clarity to the chart by highlighting reaction zones and pairing them with our Core Strategy for entries. A perfect marriage.
TRADE OF THE DAY
To be frank, there wasn’t one. The only POSSIBLE Trade of the Day was if you went long last night and kept a FINANCED RUNNER back in the negative at -2 points. If so, you're still long. But who’s up at midnight watching for Battle Plan trades? Not me!
I traded the RTH Level and Strong Levels. Ended the morning with a nice 10-point profit at the Bull Bear Line using the Strong Levels Indicator.
Better days ahead. We’ll map the next trades, wait, enter with confidence... and keep a runner when possible!
FREE LIVE STREAMS:
Tuesday: AM (15 minutes before market opens)
STRONG LEVELS:
Version: 8.3 (Sunday’s date)
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