Pullback to short, watch on the 1 hour

This presents a good setup if ES forms a lower high, higher low on the 1 hour.
As of this moment, we do not know the extend of how much the pullback will be.
Instead of trying to guess, i'd let the market trade into the bearish structure.
The gap distance is from 2443.5 to 2436 and 2436 which was once my profit
taking target would naturally become a selling entry.

تعليق:

I wait for candles to form as a measurement to how wide my stops would be. Thinking is simple but effective for me.

تعليق:

Ok no entry as market pierces through the gap with no lower high, higher low entry.

تعليق:

This brought us back to 2452 region, i'm looking to short if higher low lower high candle is formed.

أغلقت الصفقة: تم الوصول لوقف الخسارة:

So finally ES rallied. Well, its a small loss, compared to what I did on ES.