Thoughts for week of 6/5-6/9
Outside the 400 point box now. Until its back in the box, bulls are in full control.
Hello traders, Hope you had relaxing weekend. Visuals of some twitter post throughout the week. Note first post for a trader who made half a million in single day. Congratulations to him.🔥 Don’t just look at results. Look past it. Don’t get lost in the big number, the reason I hate to post this kind of results as people look at it and start doing stupid things. He had enough buffer, he has done lot of grinding and has share of losses. I wish same success to each of you. Just go slow and steady. Every one gets it right at some point as far as they have capital, market will remain open always. So wait your turn.
Playbook for next week:
As a day trader I have setups that are only looking for next 20 points on ES . Of course some time that opportunity may turn into 50 to 100 points and we always have runner that takes advantage of that but we do not hope that market will move 100 pts every day and that’s simply unrealistic. We do not swing trade. Every trade is closed on same day with only runner left for over night session.
We broke out of 400 point chop box that market has been in since October. At this point bulls are in control of the market until we go back inside the box, that is below 4200 again. Main levels I am watching are 4372,4340🔥, 4312, 4246🔥, 4222, 4198, 4164🔥 . I will also be keeping eye as we may start trajectory back to lower edges of the chop box. Rest of the levels, live setups and other educational content as it happens are posted on private telegram
Bull bear line on weekly basis is going to be 4246.
If you subscribe to telegram then it includes daily levels and thoughts as they are also posted on private telegram.
Offline subscription option: As many people are interested in only levels and thoughts every day, I have created sub stack monthly & yearly option just for that now, these options does not include intraday trading on ES futures that I post on telegram. I may start posting some longer term ideas on it but for now its just levels and some short/long ideas. If you subscribe on sub stack as founding member then it also includes private telegram.
Econ for the week:
