Trade Plan, Week of June 16th
Weekly / Daily Plan ES & NQ
Traders,
I hope you all had a great weekend!
A good green week despite not many trades taken. Patience has kept us in the game and making money.
Let’s do a recap and develop a plan for the week ahead.
Recap of Last Week (ES).
First things first, we are rolling our contracts. We will be trading the ESU September contract this week. Levels are to be traded using the ESU contract. NOT the ESM June contract.
As per the weekly plan, we were bullish above 5954 and bearish below. The pivot given in our plan to paid subs served as a fantastic support later in the week, and the market did not trade below our 5954 pivot at all during RTH.
Below is how the market reacted to our pivot from the weekly plan, our pivot being illustrated by the blue line:
We even longed this level in the telegram room and printed +40 ES points! Conditions made us avoid over-trading, but we ended green and are excited for the week ahead and are optimistic that we will continue to print!
I highly recommend joining the room now as prices are still lower than usual. They will be incrementally raised week to week to return to the normal price.
Spooz closed the week for business at 5980.
Market Structure.