๐ฐ $3,625 Gain, Let Me Show You How! (ES)
๐ฅ I'm going to walk you step by step how I used our trading strategy to win big within the last hour trading the emini futures contract. Updating down below to show smaller time frames... โฌ๏ธ
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First off. Used 15 min to identify major structure. I noticed that we were approaching an edge play for a potential double top. Which is a bearish pattern for rejection.
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You can see that the candle as it tried to hit the top it started to curve and fire red.
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So next what I did was do the time split strategy I spoke about in the last analysis I posted. I wanted to scaled down in time as I am looking to scalp. Top chart is 5 min. Bottom is 10 min
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This is the 5 min timeframe, I looked for entry on the red vertical line that i drew for you. I entered because after the green dot everything lined up red. Red doji going for Crossover, 3 red ema dots. I should of got in earlier about 4 candles but this literally took place right as I pulled up the chart to start my trading session, so I had to take the next best option. Now let's pull up both charts to see the correlation
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Notice how the 10 min chart on the bottom was a very tight compressed red doji just as the 5 min chart was all closing red rejecting off the double top. I took my short on 10 contracts at 3137.00
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Next I let the time tick and play out bleeding red with zero signs of green. I drew the horizontal previous levels that I knew would be good signs if the candles breached.
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Around the current price I started noticing that the price ticker was getting a lot of hesitation with chop at a certain level so in my mind I knew I was up good and that I did not want this to pull back hard so I took my exit at 3129.75. It did eventually drop through for another good 10 points. But it's all good! If I would of stuck to the key sign and waited for some green I could of got those points. Sometimes your gut just tells you to hop out and take profit. I'm not complaining. ๐ฐ๐ฐ๐ฐ๐๐โ
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Now you can see that the 5 min top ema dot indicator is starting to show some green and compression on the candle. That is a very strong key for take profit especially in a scalp position.
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Trade can be found on my twitter ๐โhave an awesome trading day! Cheers! ๐ป๐ป
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there goes the long.
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Line it up. easy as that ๐ฐ๐ฐ
