Trade plan for Thursday night and Friday RTH... ES Emini chart.
A Recap of Today's Price Action & Setups:
OVERVIEW:
For two days straight, the primary trade of interest was shorts.
Why... trade location!
Monday night's short paid. Tuesday's RTH AM short paid.
Had you kept a single lotto runner from Tuesday's live stream short... you could be sitting on over 140 points right now.
And in last night's Battle Plan, I wrote...The risk of a liquidation break is high, taking back the entire Trump candle. ... Bears still control IMHO. ... we are just in the middle of nowhere, with the potential of a large drop.
That's pretty much what we got.
On to today....
Well, it was a day of... Looking for the right trade in the right location, but no entry offered. See the picture below.
OVERNIGHT:
🔥 Battle Plan 2️⃣ for smalls. I took it... while secretly wishing I was still in my short from Tuesday AM! I can hear my wife in the background now saying, "Keep dreaming that dream." :)
RTH:
Battle Plan 2️⃣ offered no entries during RTH.
It ripped straight to target. See the chart above.
Then price slowly, excruciatingly, laddered down into Battle Plan 3️⃣.
We waited.... and waited...
Price finally dropped into the "Drop Zone".
Personally, I took the apex of the trade (66/67) with two contracts. Exited one at six points and kept one back at three points. Nine points total.
Once Price arrived at Battle Plan 3️⃣, price just hung out here for over 60 minutes.
▶️ I challenged the traders to wait as long as possible before entering long.
I encourage them to wait until the labeled entry is provided as a safe entry.
You never ever have to be the first one long.
TO MY MEMBERS
For the members on Discord reading this Battle Plan:
I am so proud to see that, as a group, we waited and waited to engage price at the next high-probability trade location.
It doesn't mean you got entry... it doesn't mean you made a 50-pointer... but it does mean you were patient, waiting for price to come to you.
If we keep looking for the right trades in the right trade locations, the odds of success greatly tilt in our favor.
Stay consistent, stay disciplined, be a sniper.
And stay patient... bears control while we are in a war and our president makes tweets that jumps price 50 to 200 points at a time.
What a season to be trading. The market seems to change character every few months, and this too shall pass.
Be sure to read the "Tip of the Day" below.
TIP OF THE DAY
When responding to my challenge to wait to enter at the label .. Joe said it best today.
QUOTE OF THE DAY
Waste no more time arguing what a good man should be. Be one. — Marcus Aurelius
TRADE OF THE DAY
BATTLE PLAN:
🔥 Battle Plan 2️⃣ in the London session for eight points max. Little to nothing.
If you held Battle Plan 1️⃣ short from Monday/Tuesday, you would be up 85 points or so when price arrived at Battle Plan 2️⃣.
Sometimes we have members long and other members are short, and everybody is making money.
ZOOM:
🔥 NOTHING. ZERO. ZILCH. NADA.
Keep that power dry!
CORE STRATEGY: (For Full Members)
🔥 Stand Down Day!
Once again, the market has been brutal with 15-point candles.
These rules are designed to save your account and your mental and emotional equity.
SCOREBOARD
Accumulated Points This Week
📰 NEWS DRIVER:Free Access
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