Recap Last week:
Last week ES futures closed down huge 77 points up from its open. It traded up 4053 and down 3925, a pretty good 128 point range for trading. First off I am not a good writer, I also engage very little on public twitter and even telegram. I am not a noise guy, I just work our setups and extract points so we can focus on our life outside trading.
We have been able to get easily 300+ pts this week with tradable bull bear, edges for night session and then levels that has been working magical. My daily sub stack posts with levels and setups has been giving great alpha. On Thursday night we have been long from 3974 and doubled dipped long against 4K on Friday RTH open that captured most of the up move.
Playbook for next week:
As a trend trader I have setups that are only looking for next 20 points on ES as a day trader. Of course some time that opportunity may turn into 50 to 100 points and we always have runner that takes advantage of that but we do not hope that market will move 100 pts every day and that’s simply unrealistic. We do not swing trade. Every trade is closed on same day with only runner left for over night session.
Structurally now we are back above 200 DSMA but still in larger chop area . This week main levels I am watching is 4040, 4004 & 4060 and 4075. Rest of the levels, live setups and other educational content as it happens are posted on private telegram/twitter.
If you subscribe to telegram/twitter then it includes daily levels and thoughts as they are also posted on private telegram/twitter.
New subscription option: As many people are interested in only levels and thoughts every day, I have created sub stack monthly & yearly option just for that now, these options does not include intraday trading on ES futures that I post on twitter/telegram. I may start posting some longer term ideas on it but for now its just levels and some short/long ideas. If you subscribe on sub stack as founding member then it also includes private telegram/twitter.
Econ for the week:
Tuesday, March 7, 2023
10:00 EST Fed Chair Powell Testifies
12:00 EST EIA Short-Term Energy Outlook
Wednesday, March 8, 2023
08:15 EST ADP Nonfarm Employment Change (Feb)
10:00 EST Fed Chair Powell Testifies
10:00 EST JOLTs Job Openings (Jan)
10:30 EST Crude Oil Inventories
Thursday, March 9, 2023
08:30 EST Initial Jobless Claims
Friday, March 10, 2023
08:30 EST Nonfarm Payrolls (Feb)
08:30 EST Unemployment Rate (Feb)
Earnings for the week:
