ES short momentum on the hourly continues

25 ott 2018

After the nearly full body red candle on close, ES continued to set a red 9 on the hourly, traders should have been expecting a price flip on SPX futures [ES] however the current green 1 is capped by the red trend momentum indicator indicating minimum upside over the next hour. Traders can short ES1 at the resistance area at SPX 2673.

25 ott 2018

Trade attivo

Will enter this trade if any of these 3 criteria are met:

1) 2673 is hit. Leads to entering a short
2) Green 2 is below the momentum indicator [red dots] which is still present after this current hour. Leads to entering a short
3) A new red 1 is set, which is followed up by a red 2 which takes 2657 out. Leads to entering a short

25 ott 2018

Nota

SL 2678

25 ott 2018

Nota

Scenario 1 played out, stop entry at 2673

25 ott 2018

Trade chiuso: stop raggiunto

stopped out at 2678