ES is set to open within yesterday’s range, in between yesterday (friday’s) close & VPOC.
I started to draw arrows but there were so many it was hard to read.
If we have an open drive then I will look to enter on a pullback to a level.
If we have an open auction I’ll be looking to fade the nearby levels. The CLVN & yday LVN at 21.50 is a good candidate. Above that I have a resistance level at 24.25 and then CLVN 25.50 and then yday high.
Below CLVN at 1216.75 and then yday low 1213 and some CLVN below.
This is my usual plan, fade extremes unless OTF present in which case trade with them. The tricky part is when there is a mix. Like OTF drives up and pulls back but then doesn’t continue. Or we rotate up and I go to fade and then we get a breakout. If that happens I’ll stop out and re-asses. Looking for probabilities and R:R to keep me positive.
I’ve been simming all markets today with good results. If this continues I’ll be taking more of these with real money.
But for today I only trade ES with real money. Didn’t take any real money bund trades this morning so looking for one good trade today near the open. Today is a short day for me, on Monday’s I only trade the first 45minutes.