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Review of last week trades
Here’s a summary of ES futures trading from last week.
September 29: We nailed two shorts: from 6730 to 6710, then 6720 to 6710, riding early downside for solid scalps. We also flagged scammers impersonating our handle to keep the community safe.
September 30: It was a choppy day with shaky execution—we got stopped out on two Globex/RTH setups and closed slightly red. The big miss? A long entry at 6712 in the afternoon, stopped to the tick but good for 30 handles if we’d held. As we always say, you can’t win ‘em all; today was our give-back session.
October 1: Sticking to our core levels, we shorted 6716 right at the RTH open for about 10 handles. We passed on a long versus 6716 due to low conviction below 6730. But we caught a strong long at 6730, running it to near 6766 for 36 handles on the liquidation—flipping the day green.
October 3 : We shorted 6776 at the RTH open, then reshort 6756 for quick profits. For Globex, we favored longs versus 6756 (as long as downside held), with resistance at 6776 and 6796 above, and support at 6730 and 6716 below.
October 3 : Echoing our Globex levels, our execution diverged a bit—we skip heavy Globex volume and instead leaned on 6776 to long at open, then shorted it again in the afternoon to match the day’s swings.
Key economic events that could influence indices:
Key releases amid shutdown delays and tariff risks could sway indices
Levels and Setups Monday Oct 6th : 🔥🔥= Critical
(These are now for December Z Contract)\
Long term view: As far as > 6300 tape remains in bulls’ control
Bull bear: 6776 (Weekly bull bear level is 6752)
Above: 6776, 6796🔥, 6812🔥, 6836, 6860🔥
Below: 6752🔥🔥, 6736🔥, 6716, 6702, 6692🔥🔥 , 6682 🔥, 6666, 6636🔥🔥
Setup: Short vs 6796 as far as is holds upside. Its against trend so dont fight
Setup : Long vs 6676 as far as 72 holds. Flip otherwise
Setup : Long vs 6752 as far as pull back recovers 52 and starts holding
Setup: Short vs 6636/40 if it fails decisively.
Setup : Long vs 6640 as far as 36 holds on large pull back
Trading Times Suggestions
Globex: 2 am to 4 am EST or After 830 Econ
RTH: 930 am thru 11 am and 2 pm to 3:30 pm . First few minutes of open can be choppy.
Setup usage suggestion
Do not try setups more than once if you have to > 3.5 handle stop loss or twice if you are take <=2 handle stop loss. Use my globex Pivot/opening setup as main directional guide and then other setups as guidance. Flip or go flat if setup reverses as I may not be in front of my screen all day, you should by now know how the process works at most you have 2/4 handle risk. Setup generally reverses on 1 minute close above/below 3/4 handles from marker. Again there is no sure shot as some time I might relax that or may go predictive. That’s general rule anyway. Also most of the time setups always gives opportunities to reenter some time even multiple times so never take trade too far away from setup markers.
Size, Stop, Scale out strategy
Remember: I never short above or long below my marker. I wait for it to pause before it or come back to it from rip/dip and pause before executing.
Avoid taking position before Econ like CPI Or FOMC. After econ watch for levels where it stops and how it interacts to decide long or short.
Size: Either 4 micro or 4 emini lots or in multiple of 4’s, risking max 1-5% of your capital.
Recommended stop: Depends on your trading style. You can start with disaster stop of -4 and
Move to -2 once you are +2 on trade
Once you hit T1 you can go to -2 and when you hit T2 you can go to BE Or
Move to BE once you are +2
Move to BE if trade is taking more than 4-5 minutes after entry
Some folks like to keep it all the way to next level though I do not like to keep my trade that loose.
Scale out: 2 lots at +6/8, 3rd at +10/16, 4th start trailing if more than 20 handles on the trade.
