Tradeplan
Intraday Playbook ES Futures: Trade Setup & Context CME_MINI:ES1!
Big Picture Context
Please see related trade idea.
In this analysis, we refine our intraday levels to identify potential trade setups. We also review recent price action and present a high-probability long trade example that frequently offers favorable risk-reward dynamics when it plays out successfully.
See chart image below reviewing yesterday’s long trade opportunity.
Example Trade Setup: SFP Long
Time frame: 1 hour or 30 mins
• Entry: 5612
• Stop: 5595.50 (below SFP candle)
• Target: 5682 (mCVAH — confluence with recent highs)
• Risk: 66 ticks
• Reward: 280 ticks
• Risk/Reward Ratio: 4.2 R
Note: Past performance is not indicative of future results.
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Intraday Market Structure Review
What has the market done?
• ES Futures have rallied and reclaimed a key technical level.
• Currently trading above:
o March 2025 low
o 2025 mid-year level
o Developing Value Area Low (VAL) for the 2025 Volume Profile
What is the market trying to do?
• Recover prior months' losses.
• Price action is climbing steadily, establishing higher lows.
How well is it doing?
• Despite headline risks, ES futures show resilience.
• Price has painted green candles in the full session for the past 10 consecutive days—a strong bullish structure.
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What Is More Likely to Happen from Here?
Scenario 1: Pullback and Continuation Higher
A pullback toward the 0.618 Fib retracement and mCVAH confluence could offer another long setup, targeting the April 2nd high. This is further supported by NQ already reclaiming those highs, with ES still lagging but showing strength.
Example Trade Idea:
Time frame: 1 hour or 30 mins
• Entry: 5688
• Stop: 5680
• Target: 5724 (May 2 High)
• Risk: 32 ticks
• Reward: 144 ticks
• Risk/Reward Ratio: 4.5 R
Target may be adjusted if relative volume and delta support strong momentum toward April 2nd highs.
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Scenario 2: Further Consolidation
• Sellers push prices back into last week's balance/value area.
• Market consolidates and builds energy for a likely next leg higher.
• No short setup is presented, as current risk and stop placement do not justify initiating short positions.
Important Notes:
• These are example trade ideas not intended to be a recommendation to trade, and traders are encouraged to do their own analysis and preparation before entering any positions.
• Stop losses are not guaranteed to trigger at specified levels, and actual losses may exceed predetermined stop levels.
Yen Outlook: Preparing for the Coming Week! During the recent short trading week, we did not observe significant changes in the portfolios of major players. No outflows or overbought conditions—this indicates that the targets remain unchanged, and we are getting closer to the 0.0072 mark. 📊
I recall how, back in mid-December of last year, we noticed the first signs of volume accumulation in the portfolio. It felt like discovering a new horizon! We shared this insight with our subscribers, allowing us to prepare a plan in advance and identify well-founded entry points for the rise of the yen futures. 🚀
Currently, as we maintain a long position on the futures (or a short on the dollar/yen pair), it is essential to keep in mind the boundaries of the expected volatility range.
We have marked these on the chart: the yellow rectangle for Monday and the red rectangle for the upcoming week. 📅
Given the sustained positive sentiment surrounding yen futures, opening a long position as the price approaches the lower boundary of the range could present an excellent opportunity . As indicated by the arrows on the screenshot, don’t miss your chance! 🎯
Summary, we see that the yen continues to be in focus, and we have a clear action plan. We are holding our long position, monitoring the range boundaries, and preparing for the opportunities the market presents. 🌈
No Valuable Data, No Edge!
CADJPY - Buy with Target at 108This is a pretty good setup when taking everything into consideration. BOC on Wednesday likely to add additional strength to the Loonie from the tariffs. Earnings also adds more fire power towards this pair gaining in value along with Gold, looks like it wants to top off.
EURUSD Likely to Trend LowerPotential head and shoulders build up for EURUSD with the latest sentiment from Trump and is continuation pattern with the tariffs. This Friday earning season kicks off which may soften EURUSD from dropping off a cliff. Also talks of 1.25% cuts from the Fed by year end may add some additional cushion for this pair. For this reason, my downside target remains on the ascending trendline.
Trade Safe - Trade Well
EURJPY - Buy Trade SetupIf risk-on sentiment prevails, I expect to see further upside with EURJPY towards the 165 handle. Should technicals breaks back below the most recent bullish breakout, I most likely will lose confidence confidence and trim my lose. For now, I'm bullish ~ Know thy self
Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups. DM for copy trading, use any regulated FX broker.
Trade Safe - Trade Well
~Michael Harding
AUDNZD - Sell Trade SetupTaking a look at AUDNZD on the daily timeframe, price action has pulled back to a key level of resistance. Unless something significant happens, there's no rational or fundamental reason for this pair to breakout to the upside. For this reason, I'm interested in short selling this pair.
Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups. DM for account management
Trade Safe - Trade Well
~Michael Harding
GOLD Would you like SeekingPips Live Market XAUUSD analysis?🟢SeekingPips🟢 has just learned that I am able to make CHART ANALYSIS VIDEOS in LIVE market conditions on this platform.🌎
(Yes I am a bit of a DINOSAUR 🦕)
🟢Marking up charts and sharing is great but ANALYSING & marking up charts in live market conditions is a different beast.✅️
⚠️That is one way to filter the TRADERS from the MARKETERS.
🟢SeekingPips🟢 focus is always on the things that matter most I'm really not interested in the FANCY STUFF & NEITHER SHOULD YOU BE.
⭐️I ALWAYS preach TIME over PRICE showing it in real-time is like magic when you see it for yourself⭐️
🌍I am happy to do so maybe twice a week if the interest is there.👍
✅️I'm willing to show the practice what I preach in video format.✅️
ℹ️ I need to see the interaction on my post and chart shares to know that it will be worth the time and effort.
🟢SeekingPips🟢 is still working his way around some of the great tools for use on this platform, I am still being advised every week by some of my followers of some of the tools here on TradingView.
Would shared VIDEOS be appreciated here?❔️
XAUUSD - Gold Trade UpdateJust a quick update regarding gold. Yesterday we had better than expected CPI data followed by a strong sell off with Gold for the precious metal to then later regain all of those loses.
Will gold continue to push higher towards 3000 an ounce? Or.. will we start to see some topping action and a bit of a correction?
For now, I'm anticipating some topping action and a pullback before I would consider going long. With that said, I'm waiting for some bearish or pullback confirmations first as I explained in the video.
That's it - That's all
Trade Safe
Recap: CL and ES Weekly Plan analysis & Key LevelsNYMEX:CL1!
CME_MINI:ES1!
In this trading trading view blog we will refer to our February 3, 2025, weekly trading plans.
Our main idea for ES futures was to get long above yearly open, also our key LIS (Line in Sand). And our main idea for CL futures was to stay short below February monthly open targeting mcVAL and then waiting for an opportunity to get long at our key bullish support zone.
Below we explain our thoughts behind these ideas and how we choose our key levels and the process to create our plan.
ES Trade Idea: Key Levels and Strategies Amid Macro Uncertainty :
From our ES trade plan, scenario 1 played out. The line in sand for long trades was Key LIS/Yearly open. Click on the link above to see how this played out!
Our key levels for the trade idea noted in the blog were:
(mcVAH) micro composite value area high: 6,134.25
Key LIS/Yearly Open: 5,949.25
(mcVAL) micro composite value area low: 5,914.25
(CVAH) Composite Value Area High: 5,924
mcVAH held as an area of initial resistance. Our neutral zone at 6,068.25 - 6,051.50 acted as a zone for pullback after initial push higher. The remaining week was choppy with some days more volatile and playing out per our scenario 1 in our trading plan.
CL Trade Idea: Key Levels & Strategies Amid Volatility:
From our CL trade plan, scenario 1 also played out.
Why we favored this as scenario 1 was due to rejection confirmed at January 2025 mid range. The provided a good short opportunity below Jan 2025 mid or February monthly open towards our key levels as specified in the trading plan. We mentioned the following key levels in last week’s plan.
Micro Composite Value Area High (mCVAH) January 2025: 76.00
January 2025 mid- range: 74.96
February Monthly Open: 74.14
Micro Composite Value Area Low (mCVAL) January 2025: 71.82
Yearly Open: 70.52
2024 Mid- Range: 70.40
mCVAL provided a good target for short trades, while Yearly open and 2024 Mid-range confluence at our key bull support provided a good spot to initiate the long trade idea.
Following a consistent process can help traders stick to a trading approach that can help them achieve consistency. Losses are an inherent part of trading, executing the trade plan also involves weighing which scenario will play out on the hard right edge in real- time. However, our market analysis blogs are aimed to educate traders, showing whatever their methodology or approach, consistency in preparation and having a roadmap of important price levels will help them distinguish between getting caught in noise versus important areas to engage with markets.
USDJPY - Analysis and Potential Setups (Intraday- 10.02.25) Overall Trend & Context:
The OANDA:USDJPY pair is in an overall downtrend on the higher time frames and has reached highly significant support/demand levels. Lower time frame has given bullish indications, we can try to capitalize on this.
Technical Findings:
Price broke above the 200 EMA - this can act as dynamic support so watch current levels.
Demand zone was formed after sweeping internal liquidity (which resulted in an impulsive bullish break).
RSI shows overbought conditions - resulting in a pullback which is what we want to see to confirm price action (currently trading below the 50% level of the RSI)
Potential Scenarios:
Since we have seen a reaction off HTF supply zones we should wait for proper confirmations prior to entry.
If the demand fails, short positions should be considered - analysis will need to be adjusted to adapt to changing supply levels.
XAU/USD Short Trade Setup | Entry 2690.766 | SL 2700 RR: 1:10Executed a short position on XAU/USD with a strategic entry at 2690.766. Using my standard market structure analysis, I identified a solid resistance level and potential downside momentum. Placing a stop loss at 2700 to manage risk and targeting 2593.019 for a solid risk-to-reward ratio. Ensuring a calculated approach with every trade.
XRP SeekingPips reminds himself STICK TO THE PLAN, XRP LONG ONLY
I would consider the following as a GOLD STAR LESSON TO BE SAVED.
Yesterday created a great reminder opportunity that you must have a PLAN & RULES.
Even SeekingPips is human and therefore sometimes will deviate from the plan.
The GOLD SECRET is to realise the error and get back on track as soon as possible.
I was very clear on the chart share on 01/01/2025 that I only wanted to accumulate XRP
Here is the copy of that paragraph :
"ℹ️ However whilst price remains above 2.10 USD I do not want to take the short side of XRP."
By the next chart share the next day 02/01/25 it was clear to me where price was and that I was seeing a clear BULL FLAG on the DAILY CHART.
✅️ With that information I had a plan❕️✅️
ℹ️So what's the lesson you ask?❔️
⭐️Well Seeking Pips didn't stick to the plan.
Price was still well above 2.10 but shared a short chart idea.
This is why a TRADE JOURNAL is a GREAT idea.
In real time you may not see or notice any TRADING ERRORS but by having a journal it's in black and white and you can spot any problems early.✅️
⚠️So what were the KEY POINTS from yesterday?
🟢 Based on the D1 timeframe chart there was no valid reason according to my PLAN to conditioner any short positions.
🟢 Even based on the intra day timeframes that I use my RED LINE on my chart share at 2.3268 was never traded below.
🟢 Too zoomed in to price on lower timeframes. Seeking Pips considered the intra day timeframes and price action over what the Daily and Weekly charts were indicating.
🟢 Quantity over quality, wanting to be active and share some content, even given the fact that the DAY, WEEK and EVEN YEAR had just started.
🟢 NOT GIVING the IDEA time to play out. Barely two hours earlier I had already decided that my bias was to the long side.
There was no trigger to invalid that bias.
⭐️THE LESSON⭐️
Trading is not all about Lambos and penthouses. Yes that can be a final goal if you want it to be BUT to get to that point you really do have to iron out all of the ugly stuff first...
If this post helps even one peron on their trading journey it has done it's job.👌
PLEASE LIKE AND SHARE THIS POST IF YOU FOUND IT USEFUL. 👍
Trading Plan Build Exercise - Trade off OrderblocksBefore ICT’s Month 6 - Lesson 3 Video → Here is where I’m doing the homework from Lesson 2 (Building an example Trading plan)
emagloire.atlassian.net (Page for Homework Sheet)
The way Arjo explains there are 5 Foundational Levels within a Trade:
Bias
Narrative
Context
Entry
Risk Management
You work to build through a backward approach where you start from Entry (Risk Management actually lol) and work into what environments/elements/conditions constitute a trade to be executed in your plan
This exercise of building an example trading plan is influenced by Arjo’s structure in the above video.
How to build a Data Trading Plan
PD Array and Time in Focus
What PD Array you want to key in
What timeframe you want to execute on?
Gather Data in Specified Timeframe to understand amount of Trading Opportunities Presented and what was the expected outcomes
How many times does the Orderblock form?
How many times does the Orderblock hold?
Did the Orderblock created a Market Structure Shift?
How many times does the Orderblock Fail?
Did the Orderblock fail to create a Market Structure Shift?
Then based off the data, build your Trading Plan with consideration for what elements made up the winning trades. Starting with a Naked Trading Plan where you consider all entries off the PD Arrays.
PD Array in Focus:
PD Array: Orderblocks that led to a Market Structure Shift (Break of Structure “Continuation” & Change of Character “Reversal“)
Execution Timeframe: 1H
Gather Data:
Case Study Info
Ticker: GBPUSD
Time of Study: May 27, 2024 - Jun 16, 2024
How many times does the Orderblock form?
26 times
2 orderblocks have not been traded to
24 useable Orderblocks
5 External Liquidity OBs
19 Internal Liquidity OBs
Opportunity Rate: 92.3%
How many times does the Orderblock hold?
15 times (Win Rate: 60%)
External Liquidity: 4 out of 5 (80% WR)
Internal Liquidity: 11 out of 20 (55% WR)
How many times does the Orderblock Fail?
9 times (Loss Rate: 40%)
External Liquidity: 1 out of 5 (20% LR)
Internal Liquidity: 9 out of 20 (45% LR)
Risk Management: Stop Loss at opposite extreme of OB or most recent Pullback (second Stop Loss considered when OB is tight)
Risk/Reward Summary:
1: +2 RR
2: -1 RR
3: -1RR
4: +2 RR
5: +2 RR
6: +2 RR
7: -1 RR
8: +2 RR
9: -1 RR
10: +2 RR
11: +2 RR
12: +2 RR
13: -1 RR
14: +2 RR
15: -1 RR
16: -1 RR
17: +2 RR
18: +2 RR
19: +2 RR
20: -1 RR
21: +2 RR
22: +2 RR
23: -1 RR
24: +2 RR
25: N/A
21 RR for a month of Orderblock Trading
24 trades of 20 trading days
Next Steps:
With the same Trading Plan - analyze your Trades and create improved trading plans based off of an aspect that could increase your trading win rate or lower the amount of trades you’re in or total volume of trades?