⚠️ Friday's Recap pointed out that $NQ_F had not broken its Initial Resistance Zone at 29961-30094, and a failure/rejection there could wipe out the $ES_F gains from Friday.
It's a good example highlighting the benefit of $NQ_F Zones even if you only trade ES.
“You better have a plan ahead of time and it better be self-executing, and you better have thought through it.” — Paul Tudor Jones.
@eminiplayer Trade Plan + Vulcan Trader (to get a giant step closer to self-executing) 🖖
$NQ_F Buyers active at the 24800-24870 Support. Sellers active at the 38.2% retracement (remember, NQ is the weaker market as compared to ES) 🎯 #VulcanTrader 🖖
Day 1 always marks the break-out attempt.
Day 2 is when we find out if that break-out attempt is going to succeed or turn into a false/failed break-out.
$ES_F and $NQ_F Short-term Bias was NEUTRAL today ⚠️
@eminiplayer members were warned in Wednesday's Recap 🔮
25419.25-25514.25 was highlighted as Strong Resistance and a key inflection point in NQ. Failure at that Zone could jeopardize the break-out.
RT if U find this helpful
$NQ_F 25139-25194 Resistance = Bias Confirming Zone: break-out above it signals Buyers in control and can result in upside range expansion. So far, NQ has hit the 2533.50-25392.50 Zone 🎯
25419.25-25541.25 = Bias Confirming + Range Exhaustion Zone
That describes most traders. They invest a lot of time into studying and learning, but struggle to put all their know-how into action, i.e. Execution.
That's where Vulcan Trader comes in. It bridges the gap between Knowledge and Execution.
ALL P&L is in Execution!
$ES_F Overnight: Sellers active at Thursday's Initial Resistance Zone (6902.50-6912.50)
$NQ_F Overnight: Sellers active at Thursday's Pre-Market Resistance Zone
The result of Zero risk management and picking up pennies in front of a steamroller.
Risk management and position sizing is KEY 🔑
That’s why risk management and position sizing is fully automated and systematic in Vulcan Trader 🖖
Note that the $NQ_F Short-term Bias was Neutral-Bearish which made for a higher odds Short setup at the 24934-25000 Pre-Market Resistance.
Adding NQ to the website will give @eminiplayer members a better understanding of the overall context + opportunities to take setups in NQ.
Today's $ES_F Trade Plan:
☑️ Short-term Bias = Neutral
☑️ ES will need to break below Initial Support as well as 6841-6851 in order for Sellers to be in Control.
☑️ And if ES is going to break lower, ideally Sellers hold ES below the 6886-6898 Pre-Market Resistance 🔮