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Emini

SPY500/Emini/ES : Daily schematic of liquidity & trapped tradersThere are a whole bunch of trapped traders on both sides of price for SPY500 / Emini futures / ES1! which will want to exit, giving us a trade in opposite direction (yellow zones) Beware of the engineered liquidity zones - which are almost like a candy land for big institutions - where orders are just sitting to be taken! Those zones WILL BE poked poked! (green zones) Good luck & good trading for the election week! Please note : the zones shown here are for reference purpose only. Actual buy & sell zones should be fine tuned with a lower timeframe reference & more detailed analysis.
CME_MINI:ES1!
by makuchaku
6
Emini / ES / SPY (4H) Backtest : 57% win rate across 21 tradesWinners = 12 Losers = 5 Breakevens = 4 Total Trades = 21 % Non Losers = 76% % Winners = 57% % Breakevens = 19% % Losers = 24% Win/Loss = 240% Net R = 14.2 Avg R/Winner = 1.18 Avg R/trade = 0.68 Bad trades prevented due to presence of liquidity near SL= 14 Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is drawn using the first candle which crossed the pivot high/low to trap the traders.
CME_MINI:ES1!
by makuchaku