November 25th- Daily Trade Plan - 8:25am
*Before reading this trade plan, if you did not read yesterday's take the time to read it first! (You can view the posts in the related publication section) *
If my posts provide quality information that has helped you with your trading journey. Feel free to boost it for others to find and learn, also!
My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective.
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As many of you know that when we have a big sell off like we did last week, we squeeze higher and usually will back test the area we broke down from. When this happens, we will have 2-3 days where price will not flush the previous day's low and you have to find opportunities in other levels to grab some points.
When we are in a tight range, we can usually find a flush and reclaim of the 9:30-9:45am low can be another good place to look to enter. This could be something like flush below 6715 to 6706-11 and then reclaim the session opening low. (This is not how I typically look for points, but it is a good way when we are in a tight range and have limited setups.)
The overnight high is 6732 and Overnight low is 6701.
Key Levels Today
1. 6732 reclaim (Back test of this level should give us a move to 6755)
2. 6701 flush and reclaim
3. 6669 - flush and reclaim
4. 6623 - flush and reclaim
Below there and I would be patient and wait to see what price does at the levels below.
I will post an update around 10am EST
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Couple of things about how I color code my levels.
1. Purple shows the weekly Low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
5. White Levels are previous day's session High/Low
*Before reading this trade plan, if you did not read yesterday's take the time to read it first! (You can view the posts in the related publication section) *
If my posts provide quality information that has helped you with your trading journey. Feel free to boost it for others to find and learn, also!
My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective.
--------------------------------------------------------------------------------------------------------
As many of you know that when we have a big sell off like we did last week, we squeeze higher and usually will back test the area we broke down from. When this happens, we will have 2-3 days where price will not flush the previous day's low and you have to find opportunities in other levels to grab some points.
When we are in a tight range, we can usually find a flush and reclaim of the 9:30-9:45am low can be another good place to look to enter. This could be something like flush below 6715 to 6706-11 and then reclaim the session opening low. (This is not how I typically look for points, but it is a good way when we are in a tight range and have limited setups.)
The overnight high is 6732 and Overnight low is 6701.
Key Levels Today
1. 6732 reclaim (Back test of this level should give us a move to 6755)
2. 6701 flush and reclaim
3. 6669 - flush and reclaim
4. 6623 - flush and reclaim
Below there and I would be patient and wait to see what price does at the levels below.
I will post an update around 10am EST
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Couple of things about how I color code my levels.
1. Purple shows the weekly Low
2. Red shows the current overnight session High/Low (time of post)
3. Blue shows the previous day's session Low (also other previous day's lows)
5. White Levels are previous day's session High/Low
Nota
10am - UpdatePrice flushed below 6701 the overnight low and found a low at 6674 and rallied. I was able to take a position at 6702 and sold 1/2 position at 6713 and have my stop at 6710. This was a short squeeze that with any pullback to 6702 or below and reclaim should be good to continue higher. If price does not pull back then 6732 (back test) would be the next best area to look for points. I expect a pullback that goes no lower than 6792. Below there and we will need to retest the 6677 level and could flush lower.
Nota
10:12am - UpdateMy runner stopped out at 6710. I entered into my last position of the day at 6692. We got a nice pullback to 6692 at 10:03am then flushed it and recovered it. This was good acceptance and low risk. I just sold 1/2 position at 6704 and my stop is at 6702. This will be my last trade of the day. Price can still go higher, and my runner will keep me moving higher if it wants to. We should not lose 6692 on any pull back. Below there and I would wait for flush and recovery of 6677 (could go down to 6668 or 6651. Below there and 6623 is the highest quality level and should provide a good reaction and move higher for some points.
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.