E-mini ES 2019/11/20

Continuation, TRI, fBO, DT, mDT, SC, fH2, 1Tail, BP, bull CH, CXT

the TRI at the LOD can also be read as a DB with a DP

E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)

daily chart
Always In Long (AIL) since 10/10 – now over one month !!

the 2BR on the daily chart triggered,  gap close with 11/14
bears got 1x their initial risk (IR) for a SE below and a “bar” stop above the 2BR

Continue reading “E-mini ES 2019/11/20”

E-mini ES 2019/11/13

Bear gap, mid range, WfBO, 1P, L2, H2, BP, fBO, mDB

The 1st bar of the day is a large RVB, but the large body (60%) gives it a taste of a large trend bar or TR/CX as well. The risk to buy on a SE above was also more than 6 points. It’s better to wait for a 2E, which came with the 1P a couple of bars later (it was also a test of the OOD).

I didn’t take the L2 short on b11 (despite the shrinking bodies – selling pressure), as I expected the market to go at least to COY. Also after a WfBO LOY I expect a fL2 and at least two pushes up from a decent 1P.

The large OO (the fL2) trapped a lot of bears, which probably tried to scale-in above the L2. We formed a bear RVB after the OO (a poss. L3 and DT with yesterday’s last swing), but that didn’t trigger short, instead it triggered long 1st, which makes it a small TR (SA and BB). More up to COY (magnet).

I also marked up a couple of bull signal bars and the targets based on the initial risk for a possible SE and a bar stop below.

E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)

daily chart
Always In Long (AIL) since 10/10
another test of 3100 and another H1 buy
some bears might see a head & shoulder top with the high of last week

Continue reading “E-mini ES 2019/11/13”

E-mini ES 2019/11/08

Bear gap, mid range, DP, DT, mDT, WfBO, LL MTR, SC, 1CHBO, BT, DT, bear CH, BP

Some Selling Pressure just before a the DT/mDT on bar 5. Only lmt C sellers got a 10 point fill just before the news hit on bar 7.

E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)

daily chart
Always In Long (AIL) since 10/10
weak Entry Bar for the bears
we closed the gap with Wednesday

E-mini ES 2019/11/01

Bull gap, above HOY, mDB, DB, H3, 1tF BT, BP

E-mini S&P 500 Future 5 min chart (trend lines, arrows and boxed text drawn by hand)

daily chart
Always In Long (AIL) since 10/10
strong BO bar, a bit small though
Entry Bar for yesterday’s Breakout Test