Great call by Steve of the supply zone. I was prepared to scale
a short trade into higher areas, though the amount I played worked
out nicely, further strengthening my positioning with the added
profits. I took profits in one account and left some on as the
entry price is very good another against some longer term swing
inventory..sold some on the long side into the strength as we were
gapping up before the number. Then bought that portion back on the
woosh down after that number.
The gap totally flipped now from it being a gap up to a gap
down. Pretty cool hitting on both sides.
re: supply zone 3,984-4,015, also used chart provided with fibs,
and chart provided with supply and demand zones (my charts used for
my plan, attached from the newsletter)
Thanks for the great work in the newsletter Steve!
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Great call by Steve of
ES futures
Posted by fundamentalvalues on 9th of Dec 2022 at 08:47 am
Great call by Steve of the supply zone. I was prepared to scale a short trade into higher areas, though the amount I played worked out nicely, further strengthening my positioning with the added profits. I took profits in one account and left some on as the entry price is very good another against some longer term swing inventory..sold some on the long side into the strength as we were gapping up before the number. Then bought that portion back on the woosh down after that number.
The gap totally flipped now from it being a gap up to a gap down. Pretty cool hitting on both sides.
re: supply zone 3,984-4,015, also used chart provided with fibs, and chart provided with supply and demand zones (my charts used for my plan, attached from the newsletter)
Thanks for the great work in the newsletter Steve!