Friday, May 29, 2015

Friday 29th May levels and Trade Plan

Morning,


Little change from yesterdays plan, however today we will use 18.25-20.25 to determine our short term bias. Above here we have 25.50-27.50 resistance and then ATH resistance of 30.75-32.75. Both of which can hold ES down today if we open below 20.50.

Below 18.25 we have support at 04.75-06.75 where id expect to see buyers step in.

If ES opens below 13.50 then we could easily test 95-93.

Happy Trading.

Thursday, May 28, 2015

Thursday 28th May Trade Plan and Levels




Today we will be using 2119.50 - 2121.50 to determine our intraday bias. Above here we have resistance at 2125.20 - 2127.50 and 2130.75 - 2132.75. If ES moves up to these levels i would prefer to see an intraday setup before shorting as we are back around the highs.

Below 19.50 we have support at 2104.75 - 2106.75 where i would expect buyers on first test.

ES looks set to open in yesterdays value area so we could see rotations in both directions however we are around all time highs so we must be cautious in case of a strong upside move to new highs.

Happy Trading.


Wednesday, May 27, 2015

Wednesday 27th May Trade Plan and Levels

Morning,


Today we will use the 04-02 zone to determine our intraday bias. Above here ES can go back to test the 19-21 resistance and the 23.5-25.50 zone where we are likely to see selling on first test.

Below 02 ES can continue to run down into 93-95 where we can see buying on first test and below here 81.50-83.50 where buyers should step in.

On the open if we open above 06.50 then we must be aggressive on the long side looking for a return to the 19-21 area. If we open below 97 ES can easily hit lower targets.

Happy Trading.

Tuesday, May 26, 2015

Tuesday May 26th Levels and Trade Plan

Morning,


ES is still within this balance area and so we are still due a very big directional move soon. Today we will use 25-27 as our bull bear zone, Above here we are most likely to break to new highs given the bullish context and likelihood of a directional move. 30.75-32.75 is the balance high and as soon as this goes we have no hard resistance.

Below 25 ES can test 19-21 and 14-16. The 14-16 zone can act as support in a failed breakout of the balance, so with a perfect setup could lead to good risk to reward on the long side. However on weak internals and the liklihood of the directional move ES could easily test 04.5-06.50.

If ES opens below 22.75 then we must be aggressive at resistance and look for a downside breakout. An open above 25 can see us go to new highs.

Happy Trading.

Friday, May 22, 2015

Friday 22nd May Trade Plan and levels

Morning,


ES has been in this balance now for 3 days. So today we will use 28.5-30.50 as our bull bear zone. Above here ES can break out to new highs. Given the context this breakout could be very strong so fading with no hard resistance is not really an option for me. Use resistance as a target.


Below 28.50 we have 19-21 which is now the balance lows. Given the 3 day balance and that we are looking likely that we will soon have a directional move this zone should only be longed in perfect setup circumstance given its multiple tests. 14-16 support can be longed on a good setup as this has the potential to be where we turn if we have a failed breakout. However on negative internals and expectation of a directional move the 06.50-04.50 support would be a good target if ES breaks out.

Happy Trading.

Tuesday, May 19, 2015

Tuesday 19th May Levels and Trade Plan

Morning,


Today we will be using 25-27 as our bull bear area, if ES can hold above here then this a hugely bullish and can go on to test 35.5-37.5 targets. There is no hard resistance above ATH.

Below 25 ES can test 19-21 which should really be treated as the last spot that buyers need to defend to hold control on the day time frame, so we will need a good intraday setup to be long here. Below here we have 14-16 where we can see buying on first test.  If ES can liquidate below here we could get to 06.50-04.50.

On the open look for ES to open below 19 or above 28.50. An open above 28.50 could mean we can easily get to 35.50. An open below 19 would be a huge bear sign and signal in a shift of value.

Happy Trading.

Monday, May 18, 2015

Monday May 18th Levels and Trade Plan

Morning guys,


Today we will be using 14-16 as the bull bear zone. If buyers can hold ES above here we are likely to see a breakout above 19.25-21.25 to new highs. 28-30 being a final target and not a great place to sell as there is no hard resistance at ATH's

Below 14 ES can go to 04.50-06.50 where we could see buying on first test. Below here we have 93-95 which could cap the downside today if we break lower.

On the open, if we open below 14 id expect to see us try to fill the gap to 94.75 so only take perfect intraday setups at support. An open above 18.50 would see us aggressive at support looking for the 28-30 final target.

Happy Trading.

Friday, May 15, 2015

Friday 15th May Trade Levels and Plan

Morning,

Well ES went to new all time highs in globex.

On that we have todays bull bear at 15-17, If ES holds above here then there is no question that bulls are in control and we can go up to new rth highs and reach potentially 28-30 which would be a good place to scale if long. There is no hard resistance up here so shorts arent advised unless we see a perfect intraday setup.

If ES fails to hold 15 then e can easily re test 04.50-06.50 where we could see buyers step in on first test. Below here we have 95-93 where id also expect buyers on first test f we get here today. Note if short 2100.50-99.50 could be a good place to scale as we could pause here although it is not a strong enough level for me to execute a long.

On the open look for 18, if ES opens above here then we can easily get to 28-30. If ES opens below 18 then we are more likely to see a more range bound type of day.

Happy Trading.

Thursday, May 14, 2015

Thursday 14th May Trade Plan and Levels

Morning,


The last too days have really been balancing with the bigger picture. So today we will gaugue a short term bias from the 93.75-95.75 zone.

Below here ES can test 81.5-83.50 where we would need a good intraday setup to go long. Longs here are advised only in balance day context. If we look very weak off the open then we may be bette to wait for 69-67 support.

Above the 95.75 we can test 09.25-11.25 where id expect sellers to step in on first test. Above here we have new highs as a target.

Happy Trading.

Tuesday, May 12, 2015

Tuesday May 12th 2015 Levels and Trade Plan

Morning,



Today ES broke out overnight, Meaning that we we are likely to head into the RTH session with gap down. Any open below 04 is bearish and we can easily close the gap down to 83.5-81.5.

With that being said, today we have out bull bear zone at 92.75-94.75. Below here ES can go on to test 81.50-83.50 where we would need a good intraday setup given the bearish context. Below here we have 67-69 and 61-63.

If ES can get above 94.75 we can run up to 09.25-11.25 where id expect to see selling on the day time frame. NOTE ES can quite easily fill the gap down from today and head on back down so be cautious long into the gap fill from today. This may be a very aggressive place to get short also depending on market conditions at the time.

On the open as stated any open below 04 we must be aggressive on shorts and cautious on long setups.

Happy Trading.

Monday, May 11, 2015

Monday May 11th Trade Plan and Levels

Morning,


Today we will be using 09.50-11.50 as our bull bear zone. If ES can hold below here then we can go on to test 00.25-98.25 and 94.25-92.75 both of which could attract buyers with a good intraday setup. If ES gets to 83-81 on the day time frame id expect active buyers on first test.

Above 11.50 ES can easily continue its upwards momentum into new highs with no real hard resistance above the ATH. 19-21 can be used as upside targets but we would need an extreme exhaustion up here to short.

On the open if ES can open below 07.25 then we must be cautious on the long side as we could well close the gap from NFP. On the upside if we open above 12 then we can be aggressive at support with higher upside targets.

Happy Trading.

Friday, May 8, 2015

May 8th Levels and Trade Plan

Morning from a conservative led United Kingdom,

Today we will be using 81.50-83.50 as our bull bear zone, above here ES can go up to 94-96 where we could see selling on first test. Above here we have 99.75-01.75 again where sellers can step in on the day time frame.

If Bears can push us below 81.50 we have 67-69 and 61-63 both of which can attract buyers. Overall id expect today to be a stay within these levels and see reactions off of them on good intraday setups.

If ES can open above 87.50 we should be cautious shorting without a solid setup and be aggressive at support. If we open below 74 then bears could run these to lower levels and so we should be cautious getting long in this scenario.

Today is of course NFP so we really could open anywhere.

Happy Trading.


EDIT/



NFP has just ripped the ES and therefore there is a slight change to the levels. Posted earlier.

BB is now 92.75-94.75 with support at 81.5-83.50

As we are looking like we have a big gap up scenario id be cautious on the short side at resistance until we get a good intraday setup and aggressive at support zones.

Thanks. This just shows how we have to adapt all the time to the changing market conditions i guess.

Happy Trading

Wednesday, May 6, 2015

May 6th Levels and Trade Plan

Morning,

Yesterday we saw ES trend down after holding below yesterdays bull bear zone.
Today we will look for ES to provide us with a rotational type day if we can open above 81.

We have todays bull bear zone at 82.5-84.50. If we can hold above here then ES can go on to test 99.75-01.75 where id expect to see some sellers on first test. Above here we have 10.25-12.25 where id also expect to see sellers come in.

However if buyers fail to hold 82.50 then we can see ES continue its downside and test 65.25-67.25 and 61.5-63.5. Both at which id expect to see some buying.

Overall if ES can open above 81 id expect to see a two sided day with buyers at support and sellers at resistance. An open below 81 is a huge bearish sign and longs should be cautious.

Happy Trading.

Tuesday, May 5, 2015

May 5th Trade Plan and Levels

Morning




Today we will be using 10.50-12.50 as our bull bear zone. If ES can stay below here we can fill the gap back to 00.50-02.50 where we could see buyers on first test. Below here we have 94-95 and 90-92 where id expect to see buyers being aggressive.

Above 12.50 Buyers are in full control and can take ES up to 19.25-21.25 where we would need to see a good intraday setup to short otherwise its new highs again.

On the open if ES can open below 08 then we can see some conviction in the downside to fill the gap.

Happy Trading.

Friday, May 1, 2015

Friday May 1st Levels and Trade Plan

Morning,

Yesterday ES broke down out of the balance we mentioned and we had the directional day we expected. Therefore today we will be using 87-89 as our bull bear, Bulls will need to hold above here to get ES to the 00.50-02.50 resistance zone where id expect to see sellers step in. Above here we have 11-13 where id also expect sellers to be active.

On the downside we have 81-82 which could provide some support if bulls are prepared to take this back up and we will need a good intraday setup here. Below here Bears are still firmly in control and can take us to 65-67 where id expect buyers to be active, below here we also have 48-50.

Happy Trading.