I was watching the June contract (the high was 1336.25), and it dropped like a rock from there. I didn't trade it, however I think you're on the right track. I learned my lesson on playing breakouts on the ES. I like your way much better. Enjoying your journal.
Glad you are enjoying the journal. Hopefully we all can make some green. Here is today recap. Not much action today. There were two signals hit resulting in one as breakeven and the other a small bounce up. I am still on march contract. Will switch to June sometime next week.
Entry would be at 6:45pst. Stop of 2.5pts never get taken out. It bounce up first for about 7pts then came back down to point of entry. At which time any sensible trader would take stop at breakeven on any remaining contract.
Here is the second signal where I enter long. Long NQ at 1702.75 for a big bounce up. Plenty of opportunity to take profit on this trade for everybody. Hope you guys took this trade.
Ok folks here is tomorrow's RoadMap. I removed the zone and the % just to save some time in preparation at night. However, I still use the concept in calculating the zone and the placement of the S/R Line. Good luck as always. Buddha
Here is the recap of today's action. 4L and 2W. After the BSC news came out price just ran past the S/R Lines