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My Market Prep for 11/22/2018 #ES_F #FDAX

My Market Prep for 11/22/2018 #ES_F #FDAX

Economic News:

CET News exp prev
00:30 JPY CPI 1% 1%
01:00 BoE Inflation Report
13:30 ECB Meeting
18:00 ECB Mersch speaks
21:55 BoE Saunders speaks

 

Market Prep for ES:

Levels:

  • open 2658.00
  • high 2671.25
  • low 2647.75
  • close 2648.25
  • Midpoint 2659.50
  • VPOC 2664.25
  • VAH 2669.25
  • VAL 2656.75
  • IBH 2666.25
  • IBL 2651.00
  • Single Prints 2705.00/2722.00
  • Buyers 2657.50
  • Sellers 2665.50/2670.75
  • Targets upside 2681.50/2695.00/2696.50
  • Targets downside 2640.50/2644.50/2582.00

Volume Profiling:

Souce: IQFeed®, Linnsoft RT®

 

Expectation:

  1. Open: outside range, gap down
  2. Hypo 1: gap close at 2640.50, then follow-through of sell-off to 2582.00
  3. Hypo 2: gap close at 2640.50, then bounce back to 2682.00
  4. Hypo 3: gap close, then sideways btw 2640.50 and 2671.25

 

Market Prep for XG:

Levels:

  • open 11139.0
  • high 11250.5
  • low 11105.5
  • close 11254.0
  • Midpoint 11180.5
  • VPOC 11164.5
  • VAH 11181.0
  • VAL 11120.5
  • IBH 11176.5
  • IBL 11124.5
  • Single Prints 11188.0/11360.0
  • Buyers 11115.5/11164.5
  • Sellers 11176.5
  • Targets upside 11334.0/11360.0/11424.0
  • Targets downside 11103.0/11060.0/10833.0

Volume Profiling:

Souce: IQFeed®, Linnsoft RT®

 

Expectation:

  1. Open: outside range, gap up -> strong divergence
  2. Hypo 1: bounce at 11151.0, then sell-off and release of the divergence to 10833.0
  3. Hypo 2: bounce at 11151.0, then rally to 11424.0
  4. Hypo 3: sideways btw 11250.5 and 11151.0

 

Trade Reviews

11/21/2018

-see embedded video for trade replay-

 

  1. 02:58 ES long 2661.50, Setup: jump on the movement of the buying activity -> held the trade way too long and closed it with loss after Mid broke
  2. 09:50 ES short 2657.50, Setup: rejection of the open -> closed the trade in profit but the risk was too high, should have closed it way earlier after first move
  3. 27:12 ES short 2655.75, Setup: rejection of VAL -> closed it with a scratch after rejection didn’t occur
  4. 40:39 ES short 2659.25, Setup: breaking through VPOC, Mid, VWAP and Open -> closed it 3 ticks in profit after a short push through
  5. 46:09 ES short 2657.75, Setup: rejection of VPOC, Mid, VWAP and Open from below -> closed it with loss after rejection didn’t occur, instead push through
  6. 52:33 ES long 2660.25, Setup: bounce at VWAP -> closed it in profit after bounce occurred
  7. 54:45 ES long 2663.25, Setup: bounce at VAH from above -> waited too long and closed it with loss
  8. 55:51 ES long 2663.50, Setup: breaking through VAH from below -> closed it with loss after rejection of VAH instead of break through
  9. 56:16 ES long 2662.75, Setup: break through VAH from below -> closed in profit after break through occurred
  10. 56:39 ES long 2665.00, Setup: break of the weak high at IBH -> closed in profit after break of weak high
  11. 57:17 ES long 2665.25, Setup: break of weak high again -> scratched after break didn’t come
  12. 01:04:42 ES long 2665.00, Setup bounce at VAH -> closed with loss after bounce didn’t occur
  13. 01:09:59 ES long 2662.25, Setup: 3rd attempt to break the weak high at IBH -> closed with loss after break didn’t occur
  14. 01:13:04 ES long 2662.00, Setup: 4th attempt to break the weak high -> closed with loss after market moved away from the weak high area
  15. 01:15:46 ES long 2660.75, Setup: bounce at VWAP -> closed with loss after push through VWAP
  16. 01:17:24 ES short, Setup: break through VPOC, Mid and Open -> closed in profit after push through
  17. 01:18:11 ES long 2657.25, Setup: bounce at VAL -> scratched after no real bounce occurred, instead a compression
  18. 01:19:01 ES short 2657.50, Setup: bounce at Open from below -> closed with loss after bounce didn’t occur
  19. 01:20:00 ES short 2658.00, Setup: bounce at VPOC and Mid from below -> closed in profit after bounce came
  20. 01:37:43 ES long 2669.75, Setup: break of the weak high at y.high -> closed in profit after a small push through
  21. 02:00:59 ES long 2664.78, Setup bounce at VPOC -> scratched after no bounce happened
  22. 02:01:23 ES long 2664.75, Setup: bounce at VPOC again -> closed with loss after move in opposite direction occurred
  23. 02:15:34 ES short 2664.00, Setup: bounce at VPOC from below -> closed with loss after market pushed through VPOC

See trade video here:

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