E-mini ES 2019/06/07

Bull gap, above HOY, Opening Range, misplaced RVB, 1P, mDB, II, SC, 1W, H3, fH3, 1tF EB

b1 is a possible misplaced RVB at the high of yesterday’s range a TR bar
but after the very strong BO on b2, the fBO signal on b3  is probably too weak, despite being a shaved close RVB
if you take it, you need to look to exit after the failed EB on b4 and the mDB with that on b5

the 1P for the bulls on b4 is also weak and needs some strengthening, which came with the mDB on b5

daily chart
Always In Long (AIL) since 06/04
more BO for the bulls, 4 bars up, expect buyers below the prior bar scaling in lower for at least a 2nd push up

 

Continue reading “E-mini ES 2019/06/07”

E-mini ES 2019/06/05

Bull gap, above HOY, T1B, 1W, XT, fL2, HL MTR, BP

nice buying and PT/selling at the S/R from the daily chart
on a T1B you don’t want to B too early, like the 2nd push dn at HOY, wait for a 1W or trend termination
if the SB of the 1W is not perfect (like today), wait for the W1P or B/S the close of a very strong EB, if you can afford a wider stop

daily chart
Always In Long (AIL) since 06/04
FT for the bulls, but a TR bar with a Close on the high right at the EMA
probably more up / sideways to the shallowest bear TL

Continue reading “E-mini ES 2019/06/05”

E-mini ES 2019/06/04

Bull gap, above HOY, 1W, fL3, W1P, mW, H2, DB, BT

the 1W is a 1W Al Brooks style, normally you start counting the pushes from the high of b2, but like Al likes to say “close is close enough”
regardless, kinda DB on a bull gap above HOY you need to look for longs

also that nice PB to the shallowest bull TL from Y setup a lmt C or stop entry trade on the H2

daily chart
Always In Long (AIL) since today
a decent EB for the bulls, but we need to go above the steep bear TL from the DT LH, otherwise it’s just a strong bull close at the bear TL, that bear look to fade

E-mini ES 2019/05/30

Bull gap, mid range, Opening Range, 1P, DT, XT, fBO, LL MTR

all reads in hindsight, as there was a public holiday here in Germany and I took the day off

daily chart
Always In Short (AIS) since 05/20
going above HOY triggered a fBO after the BO below 05/13
today is the EB for that fBO, but a weak doji, bulls need more
today might end up as a BP/BT of the BO level

E-mini ES 2019/05/24

Bull gap, above HOY, fBO, bear CH, CXT, 1TL, 1IB, fL2, HL MTR

we opened just below resistance and formed a nice RVB (b2)
the large OL with b1 and the weak EB made some CH PA likely
then we had three text book CH setups – CXT1TL, 1IB – very nice

LOD formed after a BT of yesterdays shallowest bear TL

daily chart
Always In Short (AIS) since 05/20
another bear body, but weak close (above mid)
bears are still on their DT LH from 05/16
bulls still work on their DB (yesterday) and possible HL MTR