ES Trade Plan
OVERVIEW
Morning
"Bulls control... shorts are counter... small, if at all."
I kept saying that over and over.
There was only one possible trade we talked about, and that was on the first back test of the VWAP and the opening price to go long.
You had to survive a triple tap to make anything worthwhile.
This trade would not have hurt you, but follow-through was weak. When you consider the mixed indices, it makes sense.
Hard to make anything more than a scalp when NQ is going north and YM going south... ES is usually stuck.
Not to mention... wacky price action from war news... with 15-20 point "insta-candles". This dramatically increased the risk of entry today.
Just another boring Monday.
Luckily, for me, I was short from Friday with nothing to do - just watch and hold.
Shout Out
🔥 Monster shout out to one of our traders Justin... who netted 60 "ES" points on a short he took today!
Now, that is a payday!
Killer trade and management!
He used our super advanced "Triple Lindy" runner management system.
Here it is... "leaving the chart for it to do it's thing"
There's no better way to manage a runner than just walking away and letting the market do it's thing!
Battle Plan 1️⃣
In today's trading range, I only had one Battle Plan trade mapped out, and it was a short that performed beautifully.
Thirty minutes after we finished Zoom, Battle Plan 1️⃣ activated.
On Zoom, I recommended to not take Battle Plan 1️⃣ if NQ was battling its half-back.
NQ was indeed battling its half-back, so personally.... I would not have taken Battle Plan 1️⃣ for this fact alone! That does not mean you can't take it.
At the end of the day... this trade had a very small stop loss, thus very tradable.
I am ultra... over-the-top picky when it comes to shorting ES anyway.
Considering the mixed indices and NQ battling its half back... This was an easy trade to SKIP!
Beautiful mapping, beautiful trade... for those who took it.
If you took Battle Plan 1️⃣, it offered a beautiful bounce with zero heat.
A near instant 10 pointer with a total run of 38-points.
if this trade is not your cup of tea... no big deal.
You don't need every trade.
And in my humble opinion ... you NEVER EVER have to short ES to make your weekly goal.
Didn't take it??
Neither did I - although I did consider adding to my short here, I chose to just sit on my hands and wait.
So... we will wait together.
Together We Trade Better!
☀️ RTH
Although ES recaptured the opening and the VWAP and the bulls were in control, I reminded the traders, I do not trust this up move.
That alone does not give me a trade, it gives me something even more valuable... permission to stand down and wait for better trading conditions and location.
When the price action and my 'gut' are in conflict... it is ironclad confirmation to just watch ES for the love of price action... and... wait until price lines up with a Battle Plan trade idea... with my trading platform closed.
Sitting on your hands might be frustrating, but it never hurts your account.
Protecting your account comes before growing your account.
Price needs to be at a trade location I can lean against and confidently enter a trade.
▶️ If price is not at a preferred trade location, there's nothing for me to do. Period. End of story.
Patience does pay. We see that week after week after week.
TIP OF THE DAY
ONE
When the indices are mixed, it is usually a low-probability trading environment. And directional follow-through is always weak.
TWO
Trading demands the best of you.
Not a distracted, emotionally scattered version of you.
The BEST of you.
If your mind is cluttered... emotions running hot... something unresolved weighing on you... step away. Skip the session.
The market will be open tomorrow.
Wait for a clean mind and a calm heart... then come back and trade.
That could be tomorrow. It could be next week. Heck, it could be next month.
There is no badge of honor for trading through the chaos. The badge of honor is knowing when to step back.
Good trading demands the best of you. Give it nothing less.
Forcing yourself to trade is just as bad as forcing trades.
QUOTE OF THE DAY
Rushing is the fastest way to lose money.
TRADE OF THE DAY
BATTLE PLAN
sa
🔥 Battle Plan 1️⃣ during RTH.
A "touch and go"... my favorite.
Quick 10-point take profits and/or hold a lotto runner.
Your lotto runner was up... 10 points.
Then... 20 points.
Then... 30 points.
Then... 38 points.
If you followed at 50% with your lotto runner, you made 19 points on the runner.
Following at 50% is not a bad idea when counter... Especially if you're prop trading with a trailing drawdown account.
If you held your lotto runner at break even... for the 'just in case we really get a down move', you took a break-even on it. Bulls control, so that shouldn't be unexpected. It's a lotto runner for a reason. It's a paid-for lottery ticket, "just in case".
Too bad it double tapped Battle Plan 1️⃣ entry!
Certain a nice level to take shorts... per the Battle Plan.
ZOOM
NADA.
The only trade idea we discussed was the re-test of the opening and the VWAP to go long.
Other than that, very little was presented.
CORE STRATEGY: (For Full "GOLD" Members)
3M 1 BS and/or FS Long for 10 points max. Nothing to get excited about.
3M 1 FS FVG short for 10 points max.
3M FS Long for 20+ points.
Base hits add up.
SCOREBOARD
Accumulated Points THIS Week
Educational Purposes Only: Not Financial Advice
I'm not a financial advisor (never played one on TV either). These trade ideas are educational training tools showing where price may react... nothing more. Always wait for your own confirmation before executing. These levels represent one trader's analysis, not personalized trading advice.
The Battle Plan:
OVERVIEW
Today was the first lower high and lower low in a while!
It was ugly but we DID close down. A welcome change if you ask me.
Perhaps a new "range" will be established? We shall see.
Friday's close and todays close are very close... so... not much has changed.
I believe the market desperately needs a bell-to-bell sell day. That is not a prediction, just an honest analysis.
Bulls STILL CONTROL. One down day does not put the bears in control.
News
Iran war news is top of mind.
Jolts tomorrow.
NFP Friday at the end of the week
Volatility is nearly ensured this week.
Keep your powder dry.
ES PRICE MAP
Battle Plan Notes:
These trade ideas highlight likely "reaction zones" and are for educational purposes only. I am not a financial advisor, nor have I ever played one on TV. Nothing here should be taken as personalized trading advice. Always trade based on your own confirmation — these trade ideas simply one trader's opinion - they are just "trade ideas".
Comments
Post a Comment