Are Going Long When You Should Be Going Short? Off Sides?

Price Action Bounce Trading System. How To Scalp ES Emini or MES Micros Futures.

Helping Futures Traders Via Our Core Strategy Academy Training Program and Futures Trading Group – The Best Emini Group IMHO. all right my afternoon trading begins and I thought I would just record this why not so let’s look at a few things so this morning this was the new strong level given this morning and boy we seem to have been glued to that have we not um nice bounces here and hugging the line and so that’s been really nice so this is nothing more than a slop and chop Fest this morning I said we’re much more likely to go up than down because of this 30 minute trend line news came out we certainly went up we’ve been up here the whole time and now we are back we are back to this 30 minute trend line will it hold again I don’t know but I just know I don’t have any trades to take um we did have a level here that bounced I have now removed it it did a double tap it was a 30 minute level and had a really nice move up to the strong level bounced which now is allowing me to kind of draw this trend line here I don’t give it a whole lot of value at this point I would really like to see price bounce one more time but I’m looking at it and it seems pretty obvious let’s go check everybody belt out okay okay okay okay but we are still all within yes still all inside of yesterday’s range will that change it’s certainly looking like it wants to but it also doesn’t mean that we don’t just touch this and bounce okay touch this and bounce touch this and bounce so don’t predict trade don’t think you know where price is going to go I mean I want to go short full portfolio right right here but I’m against this 30 minute trend line you can’t do that then I got one more 30 minute level here which should have some sort of reaction unless they just decide to give it up and when they decide when they all go to the door at the same time your level’s not going to hold we’ve got the London overnight low we got the Asia overnight low here so let’s watch what happens new low new low and Q making new lows too right yep n q is making new low it’s London is there and it’s Asia’s right there should I be trading should I be trading yeah but I’m not in a trade um clear clean crisp levels are hard to come by here one of my Traders um Jackie took a short there did I locked in 10 points did nice on that congratulations man Pac is still hovering up here at the 1750 we are outside the six points from Pac it seems like it wants to go down but it’s not doing so this is very difficult price action to trade you don’t have to trade every day just because you’re a day trader doesn’t mean you trade every day I’m up five points from the morning I’m okay if I don’t take a trade this afternoon I’d be interested in this thing doing like a single candle down here to this London overnight low maybe grabbing this liquidity and give me something to go back that way why because the dominant trend is still up now if and when everybody takes out their lows here I think things have changed maybe the Titanic’s turning but maybe it’s turning back you know I don’t know we don’t do prediction trades we follow what price does we don’t tell price what to do when you do you hurt yourself we are still above the warning shotWarning ShotA price move that signals a potential shift in momentum. For example, a dip into single prints warns bulls that support is weakening. Full entry → to Bulls area if we can get back into my strong range here we might have a good move South will it do it today I don’t know we got more red folders tomorrow and next week is fomcFOMC (Federal Open Market Committee)The Fed committee that sets monetary policy. FOMC meeting days = volatility. The 2:00 PM announcement and press conference can swing ES 100+ points. Full entry → and non-farm payroll we could hover here all day doesn’t give me a trade no big deal there are easier days and there are easier trades that’s something we say in our group a lot all right let me tidy that up is there anything I need to remove I think we’re good okay we watch we wait I need some new levels that’s what I need I need to see movement I need to see a shift in structure I need to see a nice candle still 24 minutes to Silver Bullet hour here’s the time in New York so 23 more minutes before Silver Bullet I like to get back to the charts a half hour before that just to get in sync with the Cadence and the tempo and to do some top down analysis again just like I do in the AM briefing I’ll do I did here before I got on L New York did Stack on top of London which stacked on top of Asia let’s come back over here to Asia here Asia London these are Big liquidity targets down here but I can’t assume we’re going to go there why I’ve got a this darn 30 minute trend line barrier I’ve got another 30 minute level here got another level so you know got to be careful now for some reason I flipped over here and let’s just say Russell did that and inq did that well I’m I’m going to be much more likely to probably get into a trade sooner than later off of a lower time frame but right now I’m on 3 minutes there’s nothing to look at on on a lower time frame nothing would interest me I wish this 30 minute trend line happened to line up with the London load now that I would have liked but to get to the London low it’s got to take out this 30 minute now this is on a three minute chart you can’t delete a 30 minute level on a from a 3-minute chart typically it’s got to be broken on the time frame in which it was drawn now because I play first touch bounces I typically do remove them after they’re touched but in this case of this trend line I’m going to require it to be broken and broken on a 30 minute chart in fact let’s go look at the 30 minute chart yeah I wouldn’t consider it broken until we probably got all the way down uh into here yeah let’s check everybody else out again and you make a new low look how many times Dow has been to yesterday’s low and popped back up um the thing noteworthy here is that righty took the Asia liquidity came back up I still lean long over short at this time does it mean I have a trade I can’t just go long because I think it’s going to go up I want it to bounce off something to give some sort of momentum now I would love to see that it touch this and come in because that would prove to me that this is a real trend line right now I don’t know that’s a real trend line I want it to bounce one more time and let’s say for some reason price ripped North then this was never really a real trend line now it could go straight up inside of this 3 minutes and then come straight back in and that would count like these Wicks so just because price goes let’s say way up here doesn’t mean that it’s broken I want to see how the candle closes pull this over might look at uh it’s hard to ignore that this was a liquidity grab and now we got this touch yesterday’s low now we got that it’s hard to ignore it’s not like two of the indices are vomiting and two are on the verge of it we’re all just hanging out at the bottom of yesterday y’s range could be just waiting for the news tomorrow what is tomorrow let’s look at it Forex Factory tomorrow o pce let’s read what core PC is change in the price of goods and services purchased by consumers not including food and energy which are two of our biggest expenses geez not including food and energy well you go to the grocery store and see8 boxes of cereal and tell me there’s not inflation I don’t know why they do it like that but whatever so these candles themselves are giving us a little strong line here not to be ignored and then when you couple that with righty and um Dal makes you go hm still having a strong defense here off this 30 minute level they could have just grabbed this liquidity here and we go to all-time highs you’d better only short if you have a clean clear crisp level and a backup level and your ideal stop lossStop LossYour "uncle point"—the price where you admit you were wrong and exit. ALWAYS use stops. Always. No stop = eventual account blow-up. Full entry → is within your risk management limits this is yesterday’s rthRTH (Regular Trading Hours)9:30 AM to 4:00 PM Eastern Time. This is when the big money is active. Higher volume, tighter spreads, more reliable price action. Full entry → halfback which is almost exactly uh this halfback 15 minutes to the top of the hour basically another minute for this candle I want to see what it does go take a peek at everybody else I’m G to zoom this out these are all 10-minute charts sometimes it’s easier to see certain things on 10-minute charts than it is a lower time frame so if this thing’s going to bounce it needs to be about here if this thing’s going to bounce it needs to be about there if this thing’s going to bounce it needs to be about there and if this thing’s going to bounce it needs to be about right here Pock is up here let’s take a peek at that histogram for pck it’s pretty darn Pro prominent there isn’t it all right just watching ideally this candle or the next candle needs to push it down for this to be a valid Trend and if it pushes straight up and we have some hard closes above it it’s done you know for my members remember we had a 30 minute level here and uh this and we have this 30- minute level this is going to be a tough area to just rip through especially when we’re getting no strength of the move today just there’s no real real strength at all see if they want to push that thing back in or up okay so when we said we needed it to push down sort of push down once again that doesn’t give me a trade that’s me telling the market what to do instead of me following the market but it’s nice when it you know you say hey I think it’s going to do this here but I didn’t have a level there to take a short so no big deal who cares wait for the next setup then I’m going to look to see do we bounce here so we went up a little bit are we going to come back here and bounce I’d like to know that this does not give me a trade I’m not taking that I would want to see it happen ideally I’d like to see this candle be white maybe bounce off that vwapVolume Weighted Average Price (VWAP)The average price weighted by volume. Institutions use this to measure their execution quality. Above VWAP = bullish. Below VWAP = bearish. Full entry → come back in to here and then bounce because this is still Bulls are in control just goes intraday I have a little bit of a Down trend line here like I said I don’t consider this really a downtrend line yet until if it bounced again if for some reason this candle comes in I’d go okay this is a valid little uh downtrend line so this is for my members what AR aren’t we getting what aren’t we getting you should know the answer to that question if you don’t ask me on the trading floor let’s go take a peek at everybody else is everybody else pushing pushing pushing now testing vwap what if Dow pops over that really strong we get over halfback we get over vwap okay this candle would really have to come back in pretty hard um for this to continue to be a bid trend line but if it came to vwap and bounc down back to it I’d want to see what happens there if I get that then I might be interested in the next level I’m not interested in anything right here 10 minutes to the top of the hour let’s do this let’s make our life a little easier this is my time zone so it’s an hour off for oh you want me to pay for the yellow one it’s okay we’ll just keep it there all right well we’ll just leave it there okay let’s go check everybody else out all right let’s bring it back so I want to see does it bounce here and go up or do we vomit through I don’t like taking what I call First ladders and this would be the first ladder I’m looking at my clock settings you don’t mind okay looks like it balanced off the trend line all right let’s see what happens like I said I’m interested to see if it bounces off here and this is just excruciatingly slow clock 6 minutes to the top of the hour entering into a no trade zone by time let’s see does this thing want to touch and bounce 5 minutes to the top of the hour let’s see if this thing’s going to touch and bounce if it went so close to the top of the hour I might have might have taken that we’ll see what happens I’m going to mentally trade it like I said I don’t really like taking first bounces but I like how we got up over that trend line we’re coming back and back testing into a level but I don’t like the time I don’t like the 5 minutes till the hour so I don’t take it cuz you tend to get a little weirdness so this thing coming back in here if we start closing underneath it I will call that a valid trend line you could even maybe adopt it out adapt it out a little bit take it to here now I’m okay with that so this thing bounces here and comes back over that’ll be fun let’s see what happens so in this type of case so it would have went against me and then it would have came back out have probably just gotten out at break even and said reset my trade why I wanted to touch my line and bounce not go through my lining and come back up I I I pay my trades to touch and bounce and so right there you were given the gift of Break Even let’s go back to the 30 second chart let’s take a peek at that so here gotten you in and then it went down and then it came back and most of our levels 98% of them from my calculations gives you the opportunity to get out at break even and I’m telling you take the gift of Break Even This is also why I don’t take first ladders this also why I don’t enter a trade just a few minutes before um the top and bottoms of ours okay back to the TR trend line still three or four minutes to the top of the hour it’s a no trade zone by time let’s go check everybody else out while we’re waiting nice still within range nice bounce off vwap still within range still within yesterday’s range still within yesterday’s range but we all are in the sorry we all are in the bottom half of yesterday’s range after exploring the top half and rejecting we’re all under vwap we’re all under our opening and inq with a nice little move here where is the Asia low on inq right here might be a nice little reaction there or it might come all the way through and then have a reaction it’ll be interesting to see what happens looks like es is about to make a new low as well it’s London liquidity is further away NQ already took its London now it’s attacking its Asia and has gotten it ym still has got its London liquidity to get Russell has its Asia so definite beautiful targets below let’s go back where are we on time two minutes before all right testing um this again minute and a half still a no trade zone by time for me will it push down here in one candle to the warning shot for Bulls in the overnight low to grab that liquidity I have a strong level there as well of course we got this 30 level 30 minute level here that now what does it tell us if there’s no reaction whoa strength of move you want there to be a reaction we want everything to bounce even if you don’t take the trade and there’s the bounce that’s what we do we draw lines that when they first touch them they bounce I have no clue how far they’re going to bounce but they bounce and once they touch bounce I remove them cuz I only trade the first touch nice bounce okay so now I would say this trend line is a validated trend line now 1 p.m. 1 p.m. all right 1 p.m. Silver Bullet hour let’s go check out everybody else out real quick all right what’s NQ going to do right here I think that’s important all right we’re going to bounce out this little level here this is a low time frame level I took it but I’m being protective it got me it didn’t do a touch bounce and that’s what I the only way I would have played that it needed to touch and bounce up immediately and strongly um as you can tell it had a little bit of a reaction but not really what I wanted but I like that it’s at the bottom of the range I honestly like that it pushed through the 30 minute level this is kind of an extension inq um hitting its low of the day where most likely it would have a reaction but this just did not react in the manner in which I needed it to react there’s the reaction um I just needed that to be more instant than it was for me to stay in that trade wasn’t worth um anything I just did one little tiny Mees but I expected an immediate reaction and did not get that so no big deal move on all right so now the liquidity down here is a real Target everything’s out of the way London Asia warning shot to Bulls area now what you don’t want to do is just go short here don’t just go short there oh it’s going to grab that I know it’s going to grab that no you don’t I wish I did I wish I knew 100% that’s what it would do I have seen it leave one to two ticks of not getting there and bounced up goes 100 points the other way so you can tell that level I had drawn is given it a little bit of a fit but not a whole lot nothing worth staying in the trade nothing worth staying in the trade in my humble opinion now is price going to come back to here give us an opportunity to go short to then grab that liquidity let’s see let’s see so what would it be looking for in the silver silver bullet hour could it come down here and grab this liquidity and start the ladder up very possible could we have a nice big vomit to watch out below I would love that how slow is price it it’s going nowhere fast it does all this slow stuff then fast slow stuff fast slow stuff fast you know we’ve had a monster runup tomorrow’s pce next week fomc and NFPNon-Farm Payrolls (NFP)The monthly jobs report released first Friday of each month. BIG market mover. Strong jobs = bullish economy. Weak jobs = concerns. Full entry → you know maybe people start taking some profits here well for a minute I was getting excited it was going to come back up cuz I love the fact that these magnets are still there that is pulling price to it I need some way to get into it price did not give me a way to get into it so sometimes you miss it right let’s see what happens what’s everybody else doing let’s go take a peek what is everybody else doing okay okay NQ is not having the reaction I thought it would have in in the timely manner in which I would think which I would have thought it would have happened so once again I got we got a magnet here it’s pull trying to pull price to it it’s looking like it’s not going to give me an opportunity to be in the trade which is fine if it grabs them I’m no longer interested in a short until we get into a new area of the chart which is down in my blue area here I would think that if this thing went down we’re going to bounce off this come back to somewhere here maybe and then flush it to here what do I know I’m just predicting it’s like a pinball machine you’re trying to figure out where price is going to balance let’s go to one minute chart there’s something I’m missing I don’t think so go back to a three minute chart looks like it’s going to do it without me now when we were up here it didn’t in this trend line I had a little bit more in like this this did not look like it was going to hold did it that’s why you got to be patient patient patient now I’m going to swing it out just a little bit still hadn’t taken it let’s go check everybody else out and Q is definitely the weaker es is the strongest of everybody in my opinion doesn’t give me a trade it’s excruciatingly slow my goodness I said you don’t go short just because you think it’s going to do something you just don’t that’s telling price what to do we follow price with a good idea where it will bounce and we play the bounces my goodness all righty so we have this trend line that might try to keep it down and we have that trend line that might try to keep it down or if it gets back above here it could just suck it straight up hard you got to be careful like I said this has proven to be a real line so we’ll see price is so slow guys for H nothing on top of nothing and price just isn’t really moving let’s go check everybody else out okay candle up candle up candle up took yesterday’s rth liquidity is it going to come back in and Ladder up we’re just in a tricky tricky tricky area here didn’t get high enough for me to go short my goodness let’s go to a lower time frame here like are we starting to ladder back Is The Turn Starting? up so that’s the first ladder let’s see if you can get a second ladder above that orange trend line and that white trend line super low time frame I’m just drawing it on the screen is that going to hold I give it so much value that I’m just drawing it on the screen not even on the chart that’s how much value I’m giving it right now why we still have these monster magnets down here we still got this London low the Asia low and then the real overnight low is even underneath it so I don’t put much Credence into this but I’m drawing it just to analyze price action to me it could come all the way here and still bounce and I would count that as a first ladder but then I don’t want to see it take out this High that’s what’s got to happen we got to take out this High get over the orange trend line at least so several things got to happen before I’m interested in a trade here North I’m looking at a Northerly trade now because it would show me evidence of lading up against the bottom of the range for the last three sessions Asia Bottom of Range Analysis: The Turn London New York work and I think if we get back to here it’s going to be game on Long so just watch what happens I’ll just keep my screen drawings up here for a minute when you’re at the bottom of the range you should tend to be more interested in more Longs than shorts Until It Breaks it we’ve broken nothing nothing of importance right let’s see if it pops Above This you ever heard this saying never short a dull Market this seems pretty dull oh I deleted my drawings oh well sorry it’s okay what’s not happening well at this point it’s not making higher highs and higher lows it went up did a little bit of a bounce and now you know you can almost draw this right so not in love yet I need obvious signs that it’s going to do something the only thing that’s obvious right now it’s it wants to do nothing and it might just be resting until tomorrow pce number you know what do we know so there’s that high we said it needs to take out and I think if we get past this it’s game on Long who’d be shocked if they made a new high not I there we go very nice now we just adapt this out to here once again it’s not a real trend line yet I’m just drawing on the screen I’m just mapping it out like a chessboard you move this piece there and move that there you know all right will it bounce there if it bounces there and gives me one more up I’ll be interested in a long oh I can delete those by back like you know like how you do an undo very nice I didn’t know I could do that so there was a little bounce will it do it again we’ll see remember this is a super low time frame I’m on a 30 second chart I don’t put a whole lot into it we didn’t grab liquidity so I’m not real interested in going long I wish we would have grabbed this liquidity and then did this but we didn’t grab that liquidity let’s go look at everybody else real quick now if for some reason NQ was already back up here it had been lading then I’d have been interested and I still might do it okay so it did bounce off that it came back twice now can we get up over this trend line and over this one that’s the next key can this get over both of them I don’t know it’s horrible ugly price action doesn’t mean it can’t keep going up though I’m certainly not looking for a short here that game’s over for now it could bounce down right here off of here and go take this but based off the bigger Trend and the fact we couldn’t even grab this overnight low I I lean long but it’s got to prove to me that’s what it wants to do and so if it’s going to bounce back down and come grab these lows it’s going to be right here let’s see what happens I like to go long or short after it breaks something and sometimes you can be in the trade going into the break and it’s just phenomenal like I said I wish it had already taken this liquidity down here because I would be so interested in a long if we got up over the orange but right there in this box here is where I said price has got got to bounce down and come and grab this if they’re going to do it it’ll happen here what do I know all right um 7 minutes to the bottom of the hour which is something I watch now where it’s going south here is where I initially had my shorts set for this move but it didn’t get there so I removed them I expect price to be delivered in a certain fashion if it’s delivered that way I’ll play it if it’s not I remove my orders who cares let me check my group let me share this 30 second chart all right now this will be real interesting here do we bust this or does it come here and then come take it I don’t know what do I know we’ll see I wish it would have already taken this liquidity it really throws a monkey wrench 5 minutes to the bottom of the hour where’s my big clock there we go this is my time zone so 5 minutes to 4 and A2 minutes to the bottom of the hour to the final 3 30 minute periods of Market profile so will this get defended and they push it down to come grab this liquidity then we’ll then we’ll see what happens do we ladder South from here or do we come back in and Ladder North if it does that they might leave this liquidity here for tomorrow and Ladder Up and Go back to Pac let’s go see where Pac is I bet Pac hasn’t moved yeah Pac is still up here at 17 now on a three-minute chart you can see these candles it’s just easier to see the structure a little bit lower let’s go to a one minute does a one minute give me structure it sure does I’ll take it on the one minute I don’t need the 30 seconds here and with the magnet of the London overnight low and Asia overnight low you just feel like that they’d want to grab it but I can’t anticipate trade if you didn’t anticipate a trade anywhere in here you are now short stuck in a lad up sequence that’s why I don’t do that I love how I can do that all right can this thing get up here and give us something here I’ll go along with this as my target it’s got to prove it to me though and sometimes it’ll run without you you get a big white candle and it just goes you’re like oh well I missed it I saw it right which which happened this morning we saw it perfectly but price moved in such a way that I was not able to really be in the trades I wanted to be in I mean I made five points but that’s nothing to write home to Mama about okay let’s see what happens here nice can you pop it I’d love to see NQ start getting some up candles here but NQ is the weakest can it pop back over this trend line you got a admit it’s pretty cool how price is Dancing with it and this is a multi-day trend line I drew days ago that I’ve been showing you each morning in the AM briefing it’s decision time well there’s two decision times but this is the first one right here and the next one for me is what does it do here at this six points from Pock this red dash line what are you going to do guys all right so you see my scenario you see my target I’ll turn that off just so I can see the price better I think it’s going to do it what do I know fake out everybody who went short here and they all Run for the door to get out it’ll be interesting to see what happens here very interesting this will be very interesting here it’s right so funny it is literally at the apex of the trend lines what’s it going to do well I got this we’ll see if it pops and does that and comes to Pock see what happens we stand up tired of sitting down there we go come on up decision time here boys you’d like to see it not go any lower than this 0375 but know how sloppy price action is 0250 seems more like it so you’re going to pop it what you going to do when they come for are you big decision time here like I said I think this 0250 or whatever should be the lowest it goes if it’s going to go up let me draw this in here here and I think if it shoots it like I said it probably comes back to Pock I did go long there if it gets me I’m going to be protective why cuz it still got these big magnets down here had these magnets not been existed I would have done this bigger but and and if it gets me it gets me what do walk here it’s got to do it right and I’m not really getting my setup here I’m kind of getting in it too early but this is what I’m looking at on the screen above my head are these things and I’m like it’s going it’s going but and when it does it I’m not going to be able to get in I just felt like I had to get in there on that but small and if it would have popped and went up I mean that had been 10 points I mean that’s a good day time for refreshing beverage it’s not wanting to go fast is it well we saw this really well it bounced each time we thought it needed to bounce now it’s decision time right here man is it going to go without me it’s got to give me something let me go to a 30 second chart do I got anything I can lean on 0525 so I got a bit of a volume and balance thing here on a really low time frame that’s a level and what do we got now we’re getting above this trend line we’re getting above this trend line is it going to come back in see what happens right here come on let’s go pop it so there’s the touch bounce there which is all you can expect a 30 second level to do right you know so let’s go back to one minute I want to see if I’m seeing anything else here on a one minute this is nothing um that might be interesting there so price got up so we had this trend line price kind of breaking it come back and testing now this one did have candle closures above it now this is a one minute chart but notice this one didn’t let’s go to 3 minutes what does this look like on 3 minutes okay all right let’s see if that holds now there’s your reaction will that gather enough buyers to keep the momentum of this going going up this area is still the Battleground it looked like for a minute it was going to just go up that’s why you can’t just go long here you got to have a level that you can at least lean on and you go okay I’ll try it here for all right what you going to do I hate that it came back under the orange trend line which is the 30 minute trend line but on a 30 minute chart this is nothing this is like a little Wick or something let’s go to 30 minute chart I mean you can see it’s just nothing three minute chart let’s go to one minute chart I’m going to delete that 20 minutes left with a silver bullet hour join a good root beer go to a 10minute chart on here it’s a 10-minute chart it’s pretty easy to draw this trend line let’s throw that on there for to get a little bit better on that use a little higher time frame trend line there that level had its chance it had its chance couldn’t hold the move couldn’t hold the move let’s go to one minute just to see structure a little bit more smaller see if it’ll hold it let’s go check everybody else out are we seeing any writing on the wall okay little pullback it should bounce there inq is back up into yesterday’s range that is not to be ignored like I said it’s real difficult when you got the these magnets down here just as because even if they were going to take this thing up here at the end of the day they still might want to come and grab this you kind of like that to be grabbed and out of the way so the magnet doesn’t keep pulling do you know what I mean all right let’s see what that little level does it’s not a first touch level it’s just a level you see where it was defended a few times before will they defend it again or that’s it for all right about 15 more minutes and I’ll be done now a 3 minute chart I would it would make me want to draw it differently with would make me want to draw this and if you want to go to the body which it’s a little more aggressive go to the wick it’s a little more liberal so you can see the two trend lines there on kind of two different time frames um on know one minute now I’d probably adapt it a little bit to there it’s not a whole lot to hang your hat on really um actually that’s the trend line can I hold it up not that I need that trend line I don’t we can see it trend lines are helpful when you can’t see the candles outside of your screen you know what I mean the longer it goes the more I think these become big magnets all right it’s just going nowhere it’s not proving anything to me really yet we seem to have evidence of laddering up on from down here but like I said I wish it would already grabbed the liquidity but if we are at the bottom of the range it’s going to be more defended it’s going to be harder to get priced down you a 3 minute still pretty easy to say oh I can see the candles like that pretty pretty easy of course that too right but we’re at the bottom of the range here and wanting to see if this thing wants to ladder up that’s what I’m looking for and it may not got big magnets below us where liquidity wants to be taken 13 minutes to the top of the hour tomorrow’s pce this thing may not want to do anything until tomorrow okay okay what are you going to do let’s go check everybody else out okay still trying to get into the yesterday’s range we’re still all in yesterday’s range 10 minutes to the top of the hour right here me bring in this clock slop and chop Fest continues straight sideways basically let’s check every everybody else out again let’s go back to everybody else again my train the reason why we look at everybody else are we all on the same train we all on the same train only in the sense that we’re all in the bottom of yesterday’s range we’re near the bottom of the overnight rangeOvernight RangeThe high and low established during the Globex session before RTH opens. Breaking out of this range during RTH? That's often your first trade opportunity of the day. Full entry → usually when you’re at the bottom of ranges it’s better to look for Longs than shorts Until It Breaks the bottom when you’re at the top of the range it’s better to look for shorts till it breaks the top let’s go to three minute chart Pock is still up there let’s just pull it in the day so we’re not so zoomed in now price really isn’t doing anything to be that zoomed in 8 minutes to the top of the hour see what’s going to happen it’s going to pop the Top If the see I think a lot of people go long down here in general this is why looking for Longs works most of the time these people who went short are getting caught off sides and some of them are starting to probably say uhoh top of the hour is near do I want to be in this trade as we turn over on the hour let’s go take a peek at everybody else oops that’s the weekly chart let look at this this is the important one I think because NQ has been the weakest and with NQ coming in I think that’s going to give everybody the push they need to get up there so I’ve been long not that I this is recorded I forget it’s not that I want I’m Long encourage you to go long obviously you’re going to see this way later so I’m going to follow one at 50% here so let’s say it’s at let’s say $40 what do you do you move it to $20 that’s all small there we go shorts run for the door minutes to the top of the hour I’m going to lock in both of those I’m going just watch now there we go there we go um it went to 50 so I want to move this to 25 now you got vwap right up here at 11 so if you wanted you could set one here and say okay it’s either going to take this one or it’s going to take that one well I could take both of these but we’ll see I’m going to take one right in front of vwap yeah and I’m okay with that keep going keep going keep going keep going come on and it’s tough because you got these trend lines here that very well could bounce price back down all right that hits 60 I’m going to move this to 30 I’ll follow it at 50% neither one it hits I’ll just remove the other one so if it takes this one out I’ll just remove this one if it takes this one out I’ll remove that one come on SO mes this type of price action is not worth betting big on my opinion because if it runs up there to Pock this will be a very nice trade now it’s got to get through two trend lines in vwap I don’t know if it’ll do it 3 minutes to the top of the hour and more than likely the shorts run for the door you know the other way to play it is say okay we’re about to have the top of the hour this thing could just pop through remove this when price gets above it go back and put it here and now vwap is kind of my backup level we’ll see still got these trend lines you got to deal with and vwap tough area and if it gets me out it gets me out what do I care I I I can’t control what price does after I’m in I can only read the price action and try to be with the trade and for me we were bottom of range but what I didn’t like is we still had these magnets here um very likely to come back in here so I was playing it small but trying to play with Trend okay so I got one left I’m going to remove this one um let’s lock this one in at two points and I’ll just hands off and try to get a 10-pointer where’s a 10p pointer 10p pointer is here at 1250 1250 where is 1250 well if it gets to 1250 it’s probably going to 1750 all right let’s go come on there we go very nice come on let’s see if we can get back to PAC the goal we talked about earlier this is when I talk about trade location okay and this is for my members what was not happening here or all of this really what was not happening it’s very important to know that and then to realize I’m at the bottom of a range what’s the smartest play at the bottom of the range look for a long how do you look for a long drop in time frames and watch the price action now it could have ripped my head off and still came down here and I would to went yep 2m all right so it is now Power Hour tell my group what I’m in all right so I like it come on take out both these trend lines in fact sometimes I play this little stupid King you know what let me remove these lines that’ll bounce price and maybe price will go right through it maybe price will go right through it if I delete my balce lines me screenshot this put it in my group all right come on get up there now it pops over this 1275 I’m going to put my I stopped there to lock in a 10-pointer cuz I like 10 pointers 20 pointers 30 pointers would that have given me my profit on my other one no it’s no big deal just two contracts I entered at two different locations using that range and uh we’ll see what happens think I’ll lock in three points now now if we can pop vwap with a Vengeance but more than like likely it’s going to come back and that’s why I was I had my um get out of that other contract somewhere about right there but didn’t quite happen so we’ll see I don’t mind three points I could get six right there just like oh give me six but to me the writings on the wall were going up let’s go check everybody else out what are we’re getting okay yeah yeah yeah okay I got to stick with it here see what happens 1750 is p my goal I will walk in 10 point when we get past it all right so 10 points is at the $50 mark I would think we make it here unless it gets rejected here because I got vwap I got six points from vwap I have yesterday’s halfback of course the ultimate Target up here is this is it going to bounce off my strong level again I don’t know all right I’m going to lock in Four Points 50% of the journey be whe could be where price comes back in gets me oh well I’m trying for the larger move if I wanted to just maximize where I thought the next price price would bounce I would had my stop right there like I did earlier but time of day writing on the wall watching price action I want to see if I can get that and by the way my stop for my trade was under this level I drew now we’re back over this 30 minute can we stay I won’t survive a back touch because it’ll get me out I’m pretty sure 06 and I don’t really care I’m going to follow it at 60% of the move 06 is right at the trend line it’s okay come on Jackie’s long also in my group and wouldn’t be surprised at all this it gets me out and I only capture three points of the Sixpoint move it’s okay if you care too much about the outcome you’re probably trading too big you know our levels Bounce About 92% of the time so most of our trades make us money we just never know how far they’re going to go come on everybody get out of your shorts tomorrow’s pce you’re not going to take it down it looks like come on big white candle big white candle big white candle come on come on and you just wait and if this causes you anxiety remove it who cares got to send a screenshot to a member it’s better to experience the anxiety of staying in a trade than the anxiety of looking for a new trade come on let’s pop it let’s go look at everybody else okay okay okay look where pck is for um NQ and Es certainly looks like I’m in a good trade looks like I’m with the current I’m back at halfback though of today here’s halfback of yesterday strong level pock looks like I’m in a good trade once it gets here to this 50 I’ll move my stop to the 25 that’s 50% of the follow but I think if we get above this we’re going here so we’ll see got to get above it though gotta break vwap got to break it oh come on and this will be my final trade no matter what I’ll take my profit today and be content and certainly not surprised where price turned around but I wanted to give it every chance I could it could still Bounce It could come down a little bit more then bounce up and maybe it won’t get me but I’m not willing to move my stop any further as I said if I want to maximize before a bounce level you take your profit there if I’m wanting 10 points or more you’ve got to play the follow game until you can get some protection layers never got to the 10 points cuz 1250 is up here I’ve got one protection layer right there that’s where price should bounce if price doesn’t bounce go ahead and get me out it should bounce right here of course we’re Power Hour your levels are less meaningful pce Tomorrow People positioning for major red folder event tomorrow please your levels are not that important to any anything this is why I don’t typically trade during this time I’m only trading this time because I’m managing a trade and when it gets me out here I shall be done and there’s the bounce I no longer have a protection layer that’s where probably should bounce but I don’t but most of the time this is not a big enough pullback to break V VPO I mean vwap you’re kind of hoping that when it’s doing this it has enough momentum that it just rips through it and that’s my final trade okay guys I’ll see you tomorrow for the am briefing