ES & MES FUTURES TRADE PLAN #314
Battle Plan
Where To Go Long... Where To Go Short.
TODAY'S REVIEW: ES FUTURES
Futures Trading the Day After a Long Holiday Weekend
As warned, the day after a long holiday weekend rarely offers many opportunities.
Note that today... or tag it as a "Special Day" in your journal.
To me, the following chart sums it up. All over the place and hardly going anywhere.
Extremely mixed indices create high-friction trading with little follow-through.
Battle Plan 1️⃣
Battle Plan 1️⃣ delivered a few opportunities in the overnight session.
I took the first opportunity to add to my long from Friday, capturing 50 points in total.
On Zoom, we noted the possibility of a long for Battle Plan 1️⃣.
The Strong Level had held so well overnight. Will it be able to perform again during RTH?
If you want to trade a fresh level, you didn't take it.
The entire goal of the Battle Plan is to seek the right trades in the right trade locations. Mission accomplished.
Live MES Trading on Zoom
In the Zoom trading room, we relied on our scalping skills for a small short ... entry and exit provided.
Then a nice 10-point long ... entry and exit provided.
And finally... a positional short we discussed in detail for a beautiful 30-plus-point short.
Tip of the Day
When counter... trailing your stop at 50% of the move... is often the best idea.
Scoreboard
Points Accumulated This Week
Battle Plan: 10+
Zoom: 45+
Core Strategy: 40+ (A few beautiful front-side trades.)
ECONOMIC CALENDAR
WEDNESDAY
THURSDAY
View The Trade Setups
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