Market Context
The ES Futures market is currently balancing, with a defined pivot point at 5964. This plan focuses on trading around the pivot while targeting key upside and downside levels. We’ll also prepare for potential failure scenarios where the market tests beyond key levels but fails to sustain momentum.
Key Levels
Pivot (Midpoint): 5964
Upside Targets:
6056
6107
6146
Downside Targets:
5875
5819
5785
🧑💼 Strategy Overview
Objective: Trade within the balancing market, utilizing the pivot (5964) as a directional bias. Prepare for possible breakout failures near key levels.
Risk Management: Place stops just outside extreme levels to mitigate breakout traps.
Execution Plan: Execute trades systematically based on price action confirmation near pivot and target levels.
Trade Execution Plan
Pivot Zone: 5964
If price holds above 5964: Look for long opportunities targeting upside levels.
If price breaks and holds below 5964: Look for short opportunities targeting downside levels.
Upside Trade Setup:
Entry: Enter long positions near 5964 on confirmation of support (e.g., bullish candlesticks or strong buying momentum).
Targets:
6056
6107
6146
Downside Trade Setup:
Entry: Enter short positions near 5964 on confirmation of resistance (e.g., bearish candlesticks or strong selling momentum).
Targets:
5875
5819
5785
⚡ Failure Scenarios
Looking Above 6146 and Failing:
Scenario: The market breaches 6146, signaling a breakout, but quickly reverses back below.
Trade Opportunity: Short the market on confirmation of failure (e.g., rejection candles, increasing sell volume).
Targets:
6107 → 6056 → Pivot (5964)
Stop Loss: Place stops just above 6146 to avoid prolonged breakout risk.
Looking Below 5785 and Failing:
Scenario: The market breaches 5785, signaling a downside breakout, but quickly reverses back above.
Trade Opportunity: Long the market on confirmation of failure (e.g., rejection candles, increasing buy volume).
Targets:
5819 → 5875 → Pivot (5964)
Stop Loss: Place stops just below 5785 to avoid prolonged breakout risk.
Fake Breakout from Pivot (5964):
Scenario: The market shows a breakout from 5964 but fails to sustain momentum and reverses.
Trade Opportunity: Trade in the direction of the failed breakout, targeting the opposite side of the range.
Stop Loss: Place stops just outside the failed breakout level.
💡 Risk Management
Position Sizing: Risk no more than 1-2% of your account balance per trade. Tighten stops to minimize loss in failure scenarios.
Break-Even Adjustments: Move stops to break-even once the first target is achieved.
📈 Trade Monitoring
Order Flow Analysis: Monitor volume and order flow near key levels for signs of breakout or failure.
Market Context Update: Adapt the plan if the market establishes a new range or breaks out of balance.
💰 Exit Plan
Take profits incrementally at each target.
Exit immediately if the market signals sustained breakout momentum beyond extreme levels.
🔔 Stay disciplined and adapt to price action!
#ESFutures #WeeklyPlan #BalanceZone #RiskManagement
The ES Futures market is currently balancing, with a defined pivot point at 5964. This plan focuses on trading around the pivot while targeting key upside and downside levels. We’ll also prepare for potential failure scenarios where the market tests beyond key levels but fails to sustain momentum.
Key Levels
Pivot (Midpoint): 5964
Upside Targets:
6056
6107
6146
Downside Targets:
5875
5819
5785
🧑💼 Strategy Overview
Objective: Trade within the balancing market, utilizing the pivot (5964) as a directional bias. Prepare for possible breakout failures near key levels.
Risk Management: Place stops just outside extreme levels to mitigate breakout traps.
Execution Plan: Execute trades systematically based on price action confirmation near pivot and target levels.
Trade Execution Plan
Pivot Zone: 5964
If price holds above 5964: Look for long opportunities targeting upside levels.
If price breaks and holds below 5964: Look for short opportunities targeting downside levels.
Upside Trade Setup:
Entry: Enter long positions near 5964 on confirmation of support (e.g., bullish candlesticks or strong buying momentum).
Targets:
6056
6107
6146
Downside Trade Setup:
Entry: Enter short positions near 5964 on confirmation of resistance (e.g., bearish candlesticks or strong selling momentum).
Targets:
5875
5819
5785
⚡ Failure Scenarios
Looking Above 6146 and Failing:
Scenario: The market breaches 6146, signaling a breakout, but quickly reverses back below.
Trade Opportunity: Short the market on confirmation of failure (e.g., rejection candles, increasing sell volume).
Targets:
6107 → 6056 → Pivot (5964)
Stop Loss: Place stops just above 6146 to avoid prolonged breakout risk.
Looking Below 5785 and Failing:
Scenario: The market breaches 5785, signaling a downside breakout, but quickly reverses back above.
Trade Opportunity: Long the market on confirmation of failure (e.g., rejection candles, increasing buy volume).
Targets:
5819 → 5875 → Pivot (5964)
Stop Loss: Place stops just below 5785 to avoid prolonged breakout risk.
Fake Breakout from Pivot (5964):
Scenario: The market shows a breakout from 5964 but fails to sustain momentum and reverses.
Trade Opportunity: Trade in the direction of the failed breakout, targeting the opposite side of the range.
Stop Loss: Place stops just outside the failed breakout level.
💡 Risk Management
Position Sizing: Risk no more than 1-2% of your account balance per trade. Tighten stops to minimize loss in failure scenarios.
Break-Even Adjustments: Move stops to break-even once the first target is achieved.
📈 Trade Monitoring
Order Flow Analysis: Monitor volume and order flow near key levels for signs of breakout or failure.
Market Context Update: Adapt the plan if the market establishes a new range or breaks out of balance.
💰 Exit Plan
Take profits incrementally at each target.
Exit immediately if the market signals sustained breakout momentum beyond extreme levels.
🔔 Stay disciplined and adapt to price action!
#ESFutures #WeeklyPlan #BalanceZone #RiskManagement
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.