Market Plan and Strategy Session | E-mini S&P 500 Futures | The Pit Futures Trading

Quick look at the ES coming into the week. ON tested VAH and VAL from Friday. Now back to VAH and looking to gap up. Pretty typical late GBX move into RTH. If it gaps you really need better than 5 pts over PDH to matter. If so then go with gaps that do not fill within the first hour. If they attempt to gap but fail then you are looking to rotate through Friday’s value again. Not that I would short it. Of course anything can and will happen closer we get to RTH (Mark Dougloas RIP). Nice mean reversion on the hourly and 20k footprint charts. Not going to be a hero today. Patience and focus are key.

Also just fyi… I do not trade chart patterns but I do have a secret love for the cup n handle and we have a cup on the hourly. Just need a handle. So fits the pullback to get long scenario.

Not All Winners || The Pit Futures Trading
Tried to innovate here and got in early. This is why I use the built in risk management. Keeps it simple and the losses never really hurt at all. Now just wait till the next setup.

-4.5 net

Trading Futures, Options on Futures, Options, Equities, Cryptocurrency and Retail Off-Exchange Foreign Currency Transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.


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