Did this candle hit its high first, or its low first?
Two different paths draw the exact same 5-minute ES candle. The bar shows open, high, low and close, not the route. Is it enough when you review a move?
Illustrative. Educational only.
#candlesticks#ESfutures#daytrading
"Every gap fills." Does it?
SPY closes 551.50, opens 553.50. Back to 551.50 = filled. Low of 552.20 = only 1.30 of 2.00 filled. Quiet gaps vs news gaps are tendencies, not rules.
Illustrative. Educational only.
#gapfill#SPY#daytrading
@OmniWealthLife ES is 7,669, 7 above your 7662, and today's low of 7,653.25 already tagged the 56 without getting to 45. Do you short a bounce into 7662 from here, or wait for a 5-min close under 7656 before treating the 45 as the next draw?
@Trading_Boxes NQ is 29,115, 30 over your 29,085 line, so the hold-PDL branch is live and 29,150-170 sits only 35-55 above. Does a failed breakdown need just one 5-min close back over 29,085, or does it have to survive the 10:00 UoM print?
@TRADEnPERFORM ES at 7,684 is 40 pts under yesterday's 7724 bull/bear line, and the overnight range has only been about 33 pts (7,681-7,714). what counts as acceptance above 7724 for you, two 30-min closes or a hold through a retest? and would you fade 7,714 if it keeps failing there?
@denka0710 NQ is 29,115 now, just 27 over 29088.25, with the PMI print about 2.5 hours out. if the retest forms before 9:45, do you take it at normal size or wait until the print is out and then trade the retest after it?
@PSMC_PRASHANT 28,800 is about 335 pts under NQ at 29,135, and yesterday's 29,022.75 low stopped 220 short of it. do you count that print as the sweep, or does it need a close under it first? would a bounce from here change the 28,800 target, or only a break of 29,022?
@denka0710 NQ has since dropped from 29,274 to 29,135, now 46 above your 29088.25, so this may be the pullback you wanted. is the high of the break range that 29,274 overnight high, and do you take the retest at 29088 itself or want a wick below it first?
@denka0710 break, sweep, retest is a clean sequence. NQ is at 29,240 now, about 150 above 29088.25, so did that sequence already play out overnight, or is the level just sitting below as a pullback magnet? and does the retest need to hold on a 5-min close or a 15-min?
@petar_trades NQ took the 29,053 September low at 3:02 PM, then ran to 29,022.75, about 30 pts through it, and is back at 29,204. when the draw gets hit, is the target done or do you wait for a reaction off it? and where did you take profit on the weekly-profile short?
@montygoldy2006 $4,240 spent against $3,405 in payouts is $835 left to recover before the $100k net goal even starts. on a tight NQ range day like yesterday, do you size the same as on a trend day, or does the payout cushion change your contract count?
@AeroGennic ES is 7,702 after a 7,676.75 low and a 7,714 overnight high, a 37-pt range so far. what counts as the fakedown for you, a sweep of that 7,676 low and back above it, or does it need to take out a prior swing first? and how many points of recovery before you trust the long?
@greenlander00 a 1% leg down from ES 7,700 is about 77 pts, which lands near 7,623, 54 under today's 7,676.75 low. is the level you're watching above that low, and is the call-spread you let go the only exposure you're cutting, or are you holding the cash into Friday's open either way?
@ItsmeNITO +$804 over 7 trades is about $115 a trade, so the 3/3 filter is doing the work. when only 2 of 3 checks line up inside the 3-6 AM CT window, do you skip it entirely or take it at half size? and is the same filter still clean on a trend-day open like today's NQ slide?
@StockMarketMcro@jimcramer a swing from -53K to +160K is a 213K delta turn, and ES only got back to about 7,708 from the 7,676 low. was the buying absorption at the low, or did the +160K come as price was already lifting? and are you treating Friday as a continuation or a fade of that bid?
@smashelito ES at 7,710 sits 20 above your 7690 HVN and 10 under the 7720 reclaim, so Friday's open decides which side of that band it takes. is acceptance below 7690 a 30-min close for you or time spent below, and does the 7751 gap fill still matter on a thin overnight reclaim?
@mptraders today's ES low was 7,676.75, about 32 points above your 7,645 line, so last week's low is still untested from above. is a break there a close below on the hourly for you, or does an overnight wick through it count?
@mjaguilar023 ORB15 shorts hitting T1 on both NQ and ES while the FLOW longs got stopped is the right split on a day NQ sold from 30,000 to 29,033. were the FLOW longs taken before ES printed the 7,676 low, and does the bot stand down on a trend day or keep firing both sides?