Review of
ES1!
Levels, March 21 Thursday NY session
Volume through the NY session was slow through the day, except for the wild swings at the open and late afternoon.
High of day "Premium"
On our daily 15m chart, I had this labelled as the daily premium (Purple Box), at the 1.414 Globex expansion levell above, and 1.272/1.414 expansion of prior day RTH. The high of the day held a few tests during the morning, The third tap of this level led to a reversal on the order books, as the market failed to break out of the initial balance high. That brough the price back down to the prior day RTH high (4pm price on Wednesday)
Low of day ""Support""
Price came back down to the 0.118 level for the high of day and prior day high. Later on in the day, it eventually came down to the support level at 5298 (prior day RTH high)
Strategies used
With relatively low volume during the session, deployed fib ladder, trading in-between each node (level) making it likely for moves between each level swift.
Footprint/deltas: reversal at IBH led to sweep of liquidity below to premarket lows.
Higher timeframe moving averages: 15m EMA held support all day until 1:05pm and the cross-under triggered sell volume
Higher timeframe Daily Fib Levels using Prior Day RTH range
Our result is +22 pts during regular session NY (from 9:30 to 2:00pm). I skipped 2:00-11:00pm.
ES1!
Levels, March 21 Thursday NY session Volume through the NY session was slow through the day, except for the wild swings at the open and late afternoon.
High of day "Premium"
On our daily 15m chart, I had this labelled as the daily premium (Purple Box), at the 1.414 Globex expansion levell above, and 1.272/1.414 expansion of prior day RTH. The high of the day held a few tests during the morning, The third tap of this level led to a reversal on the order books, as the market failed to break out of the initial balance high. That brough the price back down to the prior day RTH high (4pm price on Wednesday)
Low of day ""Support""
Price came back down to the 0.118 level for the high of day and prior day high. Later on in the day, it eventually came down to the support level at 5298 (prior day RTH high)
Strategies used
With relatively low volume during the session, deployed fib ladder, trading in-between each node (level) making it likely for moves between each level swift.
Footprint/deltas: reversal at IBH led to sweep of liquidity below to premarket lows.
Higher timeframe moving averages: 15m EMA held support all day until 1:05pm and the cross-under triggered sell volume
Higher timeframe Daily Fib Levels using Prior Day RTH range
Our result is +22 pts during regular session NY (from 9:30 to 2:00pm). I skipped 2:00-11:00pm.
Scientist, tech investor, and teacher.
