ES1! - Just When I Was Going To Be Wrong...
Friday confirmed my weekly bias but I could have easily been wrong.
5090.50 is in the cards for next weeks trading as long as dollar lines up with running short term highs @ 103.20
5066.50 would be the next area of profit taking but NQ is frontrunning the market so far.
5170 zone is the optimal area in which capitalising on shorts for me would be acceptable.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
5090.50 is in the cards for next weeks trading as long as dollar lines up with running short term highs @ 103.20
5066.50 would be the next area of profit taking but NQ is frontrunning the market so far.
5170 zone is the optimal area in which capitalising on shorts for me would be acceptable.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade active:
Throughout the whole of this week, i have been fighting food poisoning with today being the day i was admitted into hospital hence the reason for a delayed update to all of the asset pairs analysed for this weeks trading. But this does not mean abandonment!
With yields, bonds and dollar index working in harmony this week, I was waiting for a bearish shift In market structure to the downside, similar to how bonds booked this week but instead, we got something a bit different.
Tuesday’s price action was bullish up to 5180, which was expected and I mentioned In my video analysis that the area I was most likely looking out for shorts would be between 5160 - 5173 with 5179.75 being the last line of defence. Price action overshot my projection by a fraction but failed to run above 5193 all-time highs which confirmed my bearish bias until early Thursday bearish market structure break.
5090.50 was and still is the intended target for projected shorts to take profits. It just so happen that the daily bullish order block was not fulfilled at the end of this trading week but going into next week, I am the expect 5090.50 to be met.
With yields, bonds and dollar index working in harmony this week, I was waiting for a bearish shift In market structure to the downside, similar to how bonds booked this week but instead, we got something a bit different.
Tuesday’s price action was bullish up to 5180, which was expected and I mentioned In my video analysis that the area I was most likely looking out for shorts would be between 5160 - 5173 with 5179.75 being the last line of defence. Price action overshot my projection by a fraction but failed to run above 5193 all-time highs which confirmed my bearish bias until early Thursday bearish market structure break.
5090.50 was and still is the intended target for projected shorts to take profits. It just so happen that the daily bullish order block was not fulfilled at the end of this trading week but going into next week, I am the expect 5090.50 to be met.