ES Plan: Parental responsibilities are imposing this week and once again I can’t trade ES RTH. I don’t have a detailed plan but we did reject the top of the MC which gives me a slightly bearish bias, I say slightly because we’re in the middle of the MC so really this is a toss-up here as it can go either way. As in the globex, we could have two-sided trade (Chop) in the middle of the MC. A rejection of the middle and move up would have me slightly bullish and looking for 1326. Otherwise looking for 1303.
The levels are well-defined here and it’s a matter of determining the market context and if rotational – fading at the LVNs and if we have a strong move then look to enter on pullbacks to LVNs.
We had OTD down and I got short. ES found support and started moving up. That brought in the scenario “A rejection of the middle and move up would have me slightly bullish and looking for 1326” and as I’m writing this ES went to 1325.25 with another 30 minutes to go. Unfortunately I wasn’t here to capitalize on that. I made it clear with the family that I won’t be missing any more work unless it’s an emergency. Despite missing two RTH sessions, I still averaged 4.5 pts/day this week making this my best week in a long time.