New Trader ES trades/"Live" calls

new_trader

new_trader

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Ok, far too many times I've made successful "would've" trades. So, this will be an attempt to be accountable.

Last night I would've bought the ESM 7 @ 1532.75 (last tick 1537.00).

So now, I'm calling a support level @ 1532.75 (but I not buying)...Still testing my analysis.
 
This would've been a reasonable trade: Last tick 1540.00 I would've closed my position here and looked for a reversal.
 
Now I would short @1538.25 with a stop @1540.25 and a profit target 1532.75
 
I should have noted I'm calling these trades without using any charts or indicators.
 
For anyone following this thread, you will notice just how much the market likes my stops!! :LOL:
I was tempted to exit as a scalp @ 1539.00
 
This is typical of my trading. I should have stuck with my orginal trade at 01:52 PM. With a slightly wider stop. Luckily these were paper trades.
 
I'm having an off day but I'll try one last trade call.

Short now @1538.00 target 1534.25 stop 1540.00
 
ESM7 for Trading Day Monday 4th June.

I normally analyse the previous trading day activity to see if I can get an idea of what to expect the next trading day. Some days seem more “obvious” than others do or maybe sometimes I just make a lucky guess. I like to confirm my analysis by observing the overnight activity but I am back to work Monday so I won’t be able to update it if I feel I have misjudged the direction. This analysis is likely to change and does not constitute a recommendation.

ESM7 for Trading Day Monday 4th June.

It looks as if 1434-1436 will be the support level. The market closed at 1539.50, so if the overnight/Pre- cash market prices move down from this level then I expect it to open at around the 1434-1436 level and then move higher. I have no target or stop levels. This may change Monday morning. I have Internet access at work but no access to my trading application, so I won’t be able to make live calls.
 
Dont think I have the patience to read through the 1000+ posts in the thread, but thanks for the link.

Agree that the you need to analyse the previous day but reluctant to predict direction from it, take one day at a time, the last 3 days will give the important S/R.

Agreed on 1534 providing some minor support but the major numbers to look out for the bears to be starting to take control are 1531 to go first, and if we get below 1510 the bears are going to have it away.
 
new_trader said:
I normally analyse the previous trading day activity to see if I can get an idea of what to expect the next trading day. Some days seem more “obvious” than others do or maybe sometimes I just make a lucky guess. I like to confirm my analysis by observing the overnight activity but I am back to work Monday so I won’t be able to update it if I feel I have misjudged the direction. This analysis is likely to change and does not constitute a recommendation.

ESM7 for Trading Day Monday 4th June.

It looks as if 1434-1436 will be the support level. The market closed at 1539.50, so if the overnight/Pre- cash market prices move down from this level then I expect it to open at around the 1434-1436 level and then move higher. I have no target or stop levels. This may change Monday morning. I have Internet access at work but no access to my trading application, so I won’t be able to make live calls.
Click to expand...

TYPO! Support level should be 1534-1536
 
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