Bull gap, above HOY, T1B, 1P, fL2, mDB, OIO, BT, H2
very strong 1st 15 min bar, buy above
daily chart
Always In Short (AIS) since 05/10
Strong Entry Bar for yesterday’s failed Breakout signal
2 Replies to “E-mini ES 2021/05/14”
Comments are closed.
for NinjaTrader® – Forget Squiggly Lines!
Hi Traderman,
1P is a 1st pullback after a trend attempt. Here I saw the bull gap + b1 as that and bought above b3 (a very strong 15 min trend bar).
I also fixed that typo in the post, which was saying 30 min instead of 15 min.
B2 is a variant of a 1P, because it’s not a real PB, only a pause bar (it’s low isn’t below the low of b1).
If you’re more aggressive you can see b1 as a 1st tail (1Tail, also a kind of a 1P) after strong trend or BO (the gap) which is by itself a lmt close buy (buy b1 lmt C).
Since we didn’t respect the daily EMA on the move down I wasn’t using that as a resistance anymore (which is often the case in a trading range).
Your welcome
Hello Thomas, can you direct me to where I can read information on the 1P var? Or some explanations on that? I didn’t see that setup, especially considering it was right below the daily EMA (of course it was also a large gap up with the b1 closing above its midpoint, not sure if you consider that a trend bar or not). I haven’t been able to find information on it anywhere. Thank you!