Thursday, January 20, 2022

ES NQ KEY TRADE LEVELS FOR THURSDAY 01-20-2022

ES

 
NQ
No bias coming into the day,    I expect continued two way price action with wide ranges,  we are looking for contra entries at key trade levels shown above,  particularly at the yellow zones and orange zones. Also,  ranges are wide,  make sure your on a extension before entering or taking the other side of the trade.

Friday, January 14, 2022

ES NQ KEY TRADE LEVELS FOR FRIDAY 11-14-2022

ES

 


NQ

NO BIAS TODAY AS I EXPECT WIDE 2 SIDED TRADING ,   WILL SKIP THE FIRST HALF HOUR AND THEN LOOK FOR SET UPS AT LOCATION USING THE ALGO FOR ENTRY AND EXIT,  ON PROCESS THE WHOLE WAY. 

Tuesday, January 4, 2022

NQ AND ES KEY LEVELS FOR 010422

Today we are opening above prior days range and buyers have been responsive almost every AM for the last few weeks,   for me, the first q is can we make it back to the prior days range and then do we hold the mid,   we stopped one timing to the upside on the day time frame yesterday and I would expect continued two sided trading,   As usual,  it is suggested that you let the first half hour go and stay on process letting the algo set ups guide you and using key location to modify your bias. 

NQ

ES

THE AFTER REPORT

What a day,    the bond market made an explosive move and sent NQ hard to the down side while ES broke down mid AM and then rallied to close positive on the day.  o first,  great job in the room,  no one was smoked to on the long side because as a team we recognized open drive lower in NQ and we were also above to grab the ES short ,  which trade wise set up much easier than NQ because it was hung up in the perfect location by the rotation out of tech and into financials,  but when it broke, it broke beautify,   When you get over or under an orange line on the charts,  they are opportunities for major swings,   then we need the rest of the pieces to fall in place.    ES destroyed support levels once it gave way then killed them again when it v shaped.  We saw the reversal but we did not execute on it as it came very late in the day,    again,  the biggest victory, not getting run over in either direction. 
NQ EOD

ES EOD 


Sunday, January 2, 2022

ES NQ WELCOME TO 2022, LETS HAVE A GREAT YEAR

    EOD REPORT:


Wild first day of the year,   as inefficient longs and shorts got smoked both ways looking for a trend day in a fast moving balanced market,     an excellent demonstration for why all but the most aggressive and disciplined traders should stay out of the first half hour,    Excellent longs and shorts were found above and below prior days high and low,  but those days,  where we test both sides, have been few and far between  


The After

ES EOD 0103


NQ EOD 0103





And the year begins,   overnight,  ES hit the upside target of 4790,  however,   NQ could not get above Fridays high,   technically weaker than ES.   Remember,   everything starts anew at market open,, per usual,  super aggressive traders in the first half hour,    after that,  seek to find the algo set ups in the direction you believe the market is headed,.  Ago wise,  I am focused on two bar combos OR 3 bar combos IF the last bar has both a star and a diamond on it,   That is a very powerful combination.,      First q I have is can ES hold above 4778,  trap back in and 4770 becomes the down side magnate, , conversely,  can the buyers push NQ above 16453.50,  If so,  then 16528 still in play,  though that is a BIG stretch,     

Failure to get above sets up a test back to 16380s


See everyone at 8 cst 

As of this writing,    ES AND NQ are up strongly in Asia,  and that is to be expected,  there was zero year end sell pressure and the market is still looking for sellers.    So,   we will have to see where we are in the am,  In nq,  we have single prints from 16423-46463, then Fridays high,  if we can take out Fridays high,  16530 is the target,  that is a big stretch from here,  but there is not much standing in the way chart wise.  A trap back into Fridays high sets up a logical target of friday POC at 16383.   y favorite long locations are from 16356 and lower,   but not holding my breath that we can get there.    As always,   the chart is a large scale map,    I am looking to the algo and the days price action to help me set my coarse.   


In ES much the same story,  Holding above 4778.50- Fridays highs,  4790 area is the natural target,    again,  for weeks now,   sellers have been lame ducks,   so I am looking for them to get trapped in down side moves for pushes back up,  and will need to see a significant change in character to change that strategy.      So all shorts will be considered "weak" and scalps and longs ,  if they set up,  would be pushed off of traps and algo set up.    The 4770 area should  act as a magnate in down side moves and also a target back up should we find sellers.   


I will have a clearer idea of the day as we get closer to the open, good hunting overnight. 



ES

NQ