Thursday, January 22, 2015

January 22nd Levels and Trade Plan

Morning,


Today we will use 25-27 as our bull bear. Above here we have resistance at 34-36 which we may open above, a retest of here could act of support but we would need to see a setup in realtime with prior value below. Above here we have resistance at 47.5 and then 49.5-51.50. Both of which could see responsive sellers. Above here we have 65.25-67.25 which i would expect to cap buying.

On the downside ES has support at 13.5-15.50 and 97.50-99.50. Both of which may see buyers, but we will need to asses this in real time, 80-82 could cap selling, but it has been tested multiple times, so we could see liquidation to 67-69 if Bears are truly in control.

Be cautious due to ECB presser.

Happy trading and preserve capital if unsure.

5 comments:

  1. You really should host a live intraday chat room for your read on the market, it is excellent. Some people just make levels, but you have great levels and the ability to adapt intraday to those levels and developing ones.

    Sign me up

    ReplyDelete
  2. Thank you for your kind words! Maybe in the future! I do tweet my intraday thoughts on twitter, so feel free to communicate on there. Thanks again.

    ReplyDelete
  3. Your zones are pretty much the same as eminiplayers , are you guys partners ?

    ReplyDelete
  4. Haha, no we are not. But im guessing we use the same concepts. There is no hidden secret to the zones, its all just a concept.

    ReplyDelete
  5. Haha, no we are not. But im guessing we use the same concepts. There is no hidden secret to the zones, its all just a concept.

    ReplyDelete