Pro traders aren't any better at "predicting where the market will go than a hobby trader, and its not the job.
The difference is all in execution: Finding Ivls, protecting profits once available, stopping out & adjusting when wrong, and consistant loss size control. Focus there
Closing update #ES_F: No volatility. Newsletter sent out early with next set of entries. We did get a nice 7830 reclaim long tweeted out earlier. We are coiling yet again for another monster leg. Ride the runner
No volatility. Longs working from the 7616 Failed Breakdown last Wednesday that took #ES_F +230 (given live here + in newsletter), and broke us out of a multi-week bull flag at 7770 (which was target)
Ride runner. 7850, 7864 next up. 7830 reclaims high risk long
Price is resting after what was a monster 230+ point rally from last Wednesday's Failed Breakdown long. This long broke #ES_F out of a multi-week bull flag with 7770 resistance (now support). 0 to do but ride runner
7830=support. 7812 (watch traps), 7770 below. 7850, 7864 next
Price is resting after what was a monster 230+ point rally from last Wednesday's Failed Breakdown long. This long broke #ES_F out of a multi-week bull flag with 7770 resistance (now support). 0 to do but ride runner
7830=support. 7812 (watch traps), 7770 below. 7850, 7864 next
There is nothing to do now at all, but ride runner in #ES_F. Longs still working from last Wednesday's 7616 Aug3rd low Failed Breakdown. My target was ~7770 macro bull flag resistance. We broke it out, and we are off now.
7850, 7860, 7864 next. 7812 (watch traps), 7770=supports
Note: Per newsletter/tweets yesterday, 7830 level is a very key spot also. Nothing I'd engage here, but if we can recover/keep pushing here it may be a higher risk long
There is nothing to do now at all, but ride runner in #ES_F. Longs still working from last Wednesday's 7616 Aug3rd low Failed Breakdown. My target was ~7770 macro bull flag resistance. We broke it out, and we are off now.
7850, 7860, 7864 next. 7812 (watch traps), 7770=supports
The long keeps paying in #ES_F. 0 to still but ride runner. We had 2 big things happen: 1) Last Wed a Failed Breakdown of Aug 3rd 7611 low. This got us long, updated non-stop 2) We broke out a macro bull flag at 7770. Up we go
Plan: 7850, 7860, 7864 next. 7812 (watch traps), 7770=supports
The long keeps paying in #ES_F. 0 to still but ride runner. We had 2 big things happen: 1) Last Wed a Failed Breakdown of Aug 3rd 7611 low. This got us long, updated non-stop 2) We broke out a macro bull flag at 7770. Up we go
Plan: 7850, 7860, 7864 next. 7812 (watch traps)
Points just keep stacking in #ES_F. We see the combined effect of 1) A massive Failed Breakdown of the August 3rd 7611/16 low Wednesday. This got us long originally, given in advance here/newsletter. 2) Macro bull flag breakout at 7780.
Bonus targets today were 7812 (hit), 7831 (hit), 7865. Ride your runner
Closing update #ES_F: We are now +200 points from last Wednesday's 7616 Failed Breakdown, given live, in advance, with hourly reminders to hold runners. We also broke out the macro bull flag at 7780. Bonus targets today were 7812, 7831, 7865. Newsletter just sent talking next
Note: The macro flag was shown here in Friday's chart. Keep riding runners, swing traders would have entered on the breakout today as next leg up begins
Big Picture View: For weeks I have spoken about how #ES_F has formed a massive, textbook bull flag. 7626 support, 7780 res now. This week, we trapped support, & ripped
Plan Next Week: 7687=support. Trip to flag resistance at 7780 likely. Dip, then breakout 7833, 7866. Sell<7626
The main targets today weren't enough for this incredible long - all bonus targets hit too. Per newsletter + tweets, today's targets (given Friday) were 7714, 7728, 7750, 7780-87 (bull flag res). Then comes the macro breakout for the next swing leg.
Now is the easy part - just ride the runner and get paid. Entry was the 7616 Failed Breakdown last Wednesday, and I warned hourly since to ride runner. Today's targets given in newsletter were 7714, 7728, 7750, 7780-87 (flag res). All hit.
Bonus targets were 7789 (hit), 7802, 7812
Big Picture View: For weeks I have spoken about how #ES_F has formed a massive, textbook bull flag. 7626 support, 7780 res now. This week, we trapped support, & ripped
Plan Next Week: 7687=support. Trip to flag resistance at 7780 likely. Dip, then breakout 7833, 7866. Sell<7626
Note: For swing traders, this is macro bull flag resistance, to take us to the large megaphone structure resistance. This is outside of the scope of interest for day traders like myself
Long paying massively in #ES_F. We had it all for this one: After FOMC we got an *elevator down* sell into 7616 Aug 3rd low Failed Breakdown. This occurred inside a massive, macro bull flag. We are +160 now
Today's targets were 7714, 7728, 7750, 7780-87 (flag res).
Very poor configuration to start today in #ES_F and 0 to do but ride a runner. The 7616 Failed Breakdown got us long on Wednesday and now +150. Today's targets were 7714, 7728, 7750, 7780-87 (this is macro bull flag resistance discussed here/newsletter). Then breakout
7728=support
Very poor configuration to start today in #ES_F and 0 to do but ride a runner. The 7616 Failed Breakdown got us long on Wednesday and now +150. Today's targets were 7714, 7728, 7750, 7780-87 (this is macro bull flag resistance discussed here/newsletter). Then breakout
7728
Huge follow through in #ES_F and this long was given in advance and targets tweeted non-stop. 7616 Wednesday Failed Breakdown got us long. Slate for today (from Friday newsletter) were 7714, 7728, 7750 (all hit).
Plan: Just ride runner 7787 flag res next, then macro breakout. 28=support
Note: This there is just nothing to do up here. We had numerous opps to get on board for this long (with original entry on Wednesday on the 7616 Failed Breakdown) and now just enjoy it and ride runner. No new entries until we get a very deep sell to newsletter triggers
Trying to "get rich" in one day or 1 trade is what prevents most from ever doing so. There's 250 trading days a year. Wealth day trading is built taking a piece out via an edge daily & compounding it. Even 5 points *avg* daily on 1 ES contract is more than the average US salary
Big Picture View: For weeks I have spoken about how #ES_F has formed a massive, textbook bull flag. 7626 support, 7780 res now. This week, we trapped support, & ripped
Plan Next Week: 7687=support. Trip to flag resistance at 7780 likely. Dip, then breakout 7833, 7866. Sell<7626
Big Picture View: For weeks I have spoken about how #ES_F has formed a massive, textbook bull flag. 7626 support, 7780 res now. This week, we trapped support, & ripped
Plan Next Week: 7687=support. Trip to flag resistance at 7780 likely. Dip, then breakout 7833, 7866. Sell<7626
Note: Due to the slow action newsletter will be out early today with entries for Monday. We are likely getting close to a very significant trend leg probably early to mid next week
Non-tradable OPEX chop in #ES_F. As I warned at 8am, I do not trade this. It is "trappy, slow, with minimum follow through that glues to a magnet (85 magnet today). Long runners still working from 7616 Failed breakdown which hit 7728 gap fill target
85 reclaim is a high risk
We are still stuck in OPEX chop and as warned, I do not trade OPEX action like this. It is trappy, slow, with minimum follow through that glues to a magnet (likely 85). Long runners still working from the 7616 Failed Breakdown yesterday.
85 support still, 97 reclaims to rally
We are still stuck in OPEX chop and as warned, I do not trade OPEX action like this. It is trappy, slow, with minimum follow through that glues to a magnet (likely 85). Long runners still working from the 7616 Failed Breakdown yesterday.
85 support still, 97 reclaims to rally
OPEX chop in #ES_F. I don't trade this especially after a +125 point long. 7616 Wednesday Failed Breakdown was the long, 7728 Sunday gap fill was the target, we are done.
7685 was support today. Just held exact. 97 reclaims now could see a pop to 7707, 7716+. 72, 57 below
OPEX chop in #ES_F. I don't trade this especially after a +125 point long. 7616 Wednesday Failed Breakdown was the long, 7728 Sunday gap fill was the target, we are done.
7685 was support today. Just held exact. 97 reclaims now could see a pop to 7707, 7716+. 72, 57 below
OPEX day underway in #ES_F and little to do now. All targets were completed. The 7616 Wednesday Failed Breakdown was our trigger. Target was the Sunday gap fill ~7728. We filled it, and now we need to wait. I won't trade OPEX chop
7685 remains support (watch traps). Same upsides