Journey of the ES - Wannalearn12

[LeMercenaire]

Was out for dinner today and didn't get in on The Flip. This is the one issue with this time-slot...other life stuff often gets in the way

Anyway, without drilling down into the detail of it, worse case scenario would be a head-fake North, which by definition failed, then into a counter to hold that in limbo (using either the m5 / m15 tf) before unwinding that by going short at the break of the low.

As we've seen, if the original move fails, we often get the reverse move giving us a large lump of pips back.

500-Flip

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[LeMercenaire]

Lem, I think I missed some previous posts. In Red: Which timezone EST?

Midnight UK time.

If you also include the 23:00 - 00:00 before that, you will find that one will be a continuation trade, the other a reverse.

I am confused. So 23:00-00:00 is continuation trade, and 00:00 open is reverse? I thought the midnight open was like the buyzone (trade in the direction of weekly candle color).

Lol, no my bad...I actually couldn't remember off the top of my head which was which but you may be correct, I'd need to go check but it may well be the other way around.

There is however one thing to be taken into account with this, which I also didn't mention (why can't you guys read my mind?! Jeez! ) and that is The Witching Hour (and the previous hour variant) are only run on EJ (though Wanna did experiment with a couple of others. He'd need to confirm but it was I think EG and or UJ).

As such, I did not run Buy Zone on these as there was obviously the possibility of conflicting signals (though maybe in that case, I should have considered that and if it happened not run a trade!).

[Leoheart]

Midnight UK time.

If you also include the 23:00 - 00:00 before that, you will find that one will be a continuation trade, the other a reverse.

I am confused. So 23:00-00:00 is continuation trade, and 00:00 open is reverse? I thought the midnight open was like the buyzone (trade in the direction of weekly candle color).

Lol, no my bad...I actually couldn't remember off the top of my head which was which but you may be correct, I'd need to go check but it may well be the other way around.

There is however one thing to be taken into account with this, which I also didn't mention (why can't you guys read my mind?! Jeez! ) and that is The Witching Hour (and the previous hour variant) are only run on EJ (though Wanna did experiment with a couple of others. He'd need to confirm but it was I think EG and or UJ).

As such, I did not run Buy Zone on these as there was obviously the possibility of conflicting signals (though maybe in that case, I should have considered that and if it happened not run a trade!).

Oh great, thanks for telling us this now do see my face, do you? Bruises don’t just magically appear you know. Jeez.

[LeMercenaire]

A simple mini-WZ move for the 500-Flip today. Short back into the body. Hardly huge but fair enough. TBH you'd have got more bang-for-your-buck by simply trading the Demand Zone bounce...hey ho.

500-Flip

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[LeMercenaire]

I had a tentative Long Bias on The Flip tonight. That is, it came not from the preferred higher tf or the H1 itself but from the m30 and m15. Micro Demand-Zones below.

Price wasn't sitting exactly on top, which almost tempted me to go short to see if I could nab that way but seeing the upward MOMO, I did hold and took the break instead.

Worked out fine (though when it began to drop at the beginning, I thought I'd messed up, lol).

500-Flip

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The lower tf info...

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Entry level...

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[LeMercenaire]

Second evening in a row that we got the initial move as a WZ fail, then made the move on the break on the return.

500-Flip

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[LeMercenaire]

Swimming against the tide a little just now, with the 500 still pushing higher and by the time we get to The Flip time, it's kind of run out of steam for the day, so even if / when we do get a flip, it's not exactly full of the joys of life.

Anyway, kind of like that today. There was a flip and it was a small move. Hey, ho, still got the job done.

500-Flip

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[LeMercenaire]

Had to reload this, so apologies if it doubles up or whatever...

What I was saying, was that although there was no Flip for me tonight, there probably was enough there to get you something. If not, then the drop / counter certainly would have covered you.

The main play on the day was simply to wait for the rebound from The Supply Zone and the following bounce back up from Demand...

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[LeMercenaire]

Heading home...

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Staggering home after a drunken night out, more like.

[LeMercenaire]

I haven't been able to get on The Flip the last few days and tbh they have been a bit ''meh'' anyway, mostly paying off on the following reverse play.

Today, this had been a HOLO entry earlier and was also setting up as another one here, framing the Flip nicely.

The Flip itself was a straight forward WZ trek back into the body (the original Flip move).

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