Journey of the ES - Wannalearn12

[LeMercenaire]

So the basic trade idea is just equal size candles or railroad tracks at a S/R area. That area is also one of my favorite trade idea's, the rectangle. Just like triangles it gives you a measured move preceding the formation which is usable as a target. Also the target is at a 1hr and 4h "dragon line" basically just a S/R area at the close instead of the extreme. The fact you have the 1hr and 4hr is at the same level just adds to the confluence. I will now look for a reason to short (candlestick pattern) or look for a long with a close over that line and hopefully a rejection of it.

Oh the trade was worth 6-8 points depending on your exit and the sl was 4 points which put it underneath the equal size candles which would be the correct way to play it. The more greedy way would to put it at the 50% or just a little beyond of the trigger candle which would have been 2-3 points. Still the trade at the very min would have offered a 2 to 1 RR and there was a add on possible to.

4hr chart gives a nice lil added confirmation of a possible short.

That would have been a nice rebound, right enough, then a close over - retest - enter move long.

Now it's possibly heading for another bite, though it may take a punch through to the larger zone. We'll see.

SPX500H4asMrHydesInfo30thMay18crop.png (15.4 KiB) Viewed 1916 times

[Mr. Hyde]

So the basic trade idea is just equal size candles or railroad tracks at a S/R area. That area is also one of my favorite trade idea's, the rectangle. Just like triangles it gives you a measured move preceding the formation which is usable as a target. Also the target is at a 1hr and 4h "dragon line" basically just a S/R area at the close instead of the extreme. The fact you have the 1hr and 4hr is at the same level just adds to the confluence. I will now look for a reason to short (candlestick pattern) or look for a long with a close over that line and hopefully a rejection of it.

Oh the trade was worth 6-8 points depending on your exit and the sl was 4 points which put it underneath the equal size candles which would be the correct way to play it. The more greedy way would to put it at the 50% or just a little beyond of the trigger candle which would have been 2-3 points. Still the trade at the very min would have offered a 2 to 1 RR and there was a add on possible to.

4hr chart gives a nice lil added confirmation of a possible short.

That would have been a nice rebound, right enough, then a close over - retest - enter move long.

Now it's possibly heading for another bite, though it may take a punch through to the larger zone. We'll see.

SPX500H4asMrHydesInfo30thMay18crop.png

Yea there was a nice close over, retest rejection on the 5m which gave way to the monster off a move for today. Plus I was able to grab another 6 points before that going short from where I said and then using the DC style opening hour breakout trade. And actually come to think about it the 1st trade would have been a WZ style trade of the witching hour I believe you called it earlier in the thread.

What about a 15m opening range breakout trade. Since it seems at the immediate open at 930 am est price can move back and forth, was thinking what about letting a 15m candle print then using the high/low as a breakout trade. I'm pretty sure there is already a trade setup out there of this idea, but though I would mention it to the guy that seems to know all the time based moves.

[LeMercenaire]

4hr chart gives a nice lil added confirmation of a possible short.

That would have been a nice rebound, right enough, then a close over - retest - enter move long.

Now it's possibly heading for another bite, though it may take a punch through to the larger zone. We'll see.

SPX500H4asMrHydesInfo30thMay18crop.png

Yea there was a nice close over, retest rejection on the 5m which gave way to the monster off a move for today. Plus I was able to grab another 6 points before that going short from where I said and then using the DC style opening hour breakout trade. And actually come to think about it the 1st trade would have been a WZ style trade of the witching hour I believe you called it earlier in the thread.

What about a 15m opening range breakout trade. Since it seems at the immediate open at 930 am est price can move back and forth, was thinking what about letting a 15m candle print then using the high/low as a breakout trade. I'm pretty sure there is already a trade setup out there of this idea, but though I would mention it to the guy that seems to know all the time based moves.

Yeah, that's the one - Witching Hour, that is.

The 15 min break is a very valid set-up always. If you are looking to play it as a WZ style, then the 15 min is good-to-go. Gives you a bit of room to trade any move back inside. You can, however, fine tune it even more by using the 5 min and then trading the momo-break of that.

If you wish to sharpen it to a katana-sharp edge, then hit it heavy as soon as the midnight candle kicks off, trading away from the Weekly Open. It's basically Buy Zone taken to the extreme. I have been running a select number of pairs this seems to work on very well and it's a killer.

I've also been looking at The Initial Balance concept for the US market (which actually is just an earlier period Witching Hour - The Twilight Zone? Mmmmmm, I like that, lol) and once I have something worth talking about, I'll post up my findings.

Finally, always bear in mind that you can run a Wick-Zone set-up off of pretty much any candle you want, on any time-frame.

[Leoheart]

That would have been a nice rebound, right enough, then a close over - retest - enter move long.

Now it's possibly heading for another bite, though it may take a punch through to the larger zone. We'll see.

SPX500H4asMrHydesInfo30thMay18crop.png

Yea there was a nice close over, retest rejection on the 5m which gave way to the monster off a move for today. Plus I was able to grab another 6 points before that going short from where I said and then using the DC style opening hour breakout trade. And actually come to think about it the 1st trade would have been a WZ style trade of the witching hour I believe you called it earlier in the thread.

What about a 15m opening range breakout trade. Since it seems at the immediate open at 930 am est price can move back and forth, was thinking what about letting a 15m candle print then using the high/low as a breakout trade. I'm pretty sure there is already a trade setup out there of this idea, but though I would mention it to the guy that seems to know all the time based moves.

Yeah, that's the one - Witching Hour, that is.

The 15 min break is a very valid set-up always. If you are looking to play it as a WZ style, then the 15 min is good-to-go. Gives you a bit of room to trade any move back inside. You can, however, fine tune it even more by using the 5 min and then trading the momo-break of that.

If you wish to sharpen it to a katana-sharp edge, then hit it heavy as soon as the midnight candle kicks off, trading away from the Weekly Open. It's basically Buy Zone taken to the extreme. I have been running a select number of pairs this seems to work on very well and it's a killer.

I've also been looking at The Initial Balance concept for the US market (which actually is just an earlier period Witching Hour - The Twilight Zone? Mmmmmm, I like that, lol) and once I have something worth talking about, I'll post up my findings.

Finally, always bear in mind that you can run a Wick-Zone set-up off of pretty much any candle you want, on any time-frame.

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

[LeMercenaire]

Yea there was a nice close over, retest rejection on the 5m which gave way to the monster off a move for today. Plus I was able to grab another 6 points before that going short from where I said and then using the DC style opening hour breakout trade. And actually come to think about it the 1st trade would have been a WZ style trade of the witching hour I believe you called it earlier in the thread.

What about a 15m opening range breakout trade. Since it seems at the immediate open at 930 am est price can move back and forth, was thinking what about letting a 15m candle print then using the high/low as a breakout trade. I'm pretty sure there is already a trade setup out there of this idea, but though I would mention it to the guy that seems to know all the time based moves.

Yeah, that's the one - Witching Hour, that is.

The 15 min break is a very valid set-up always. If you are looking to play it as a WZ style, then the 15 min is good-to-go. Gives you a bit of room to trade any move back inside. You can, however, fine tune it even more by using the 5 min and then trading the momo-break of that.

If you wish to sharpen it to a katana-sharp edge, then hit it heavy as soon as the midnight candle kicks off, trading away from the Weekly Open. It's basically Buy Zone taken to the extreme. I have been running a select number of pairs this seems to work on very well and it's a killer.

I've also been looking at The Initial Balance concept for the US market (which actually is just an earlier period Witching Hour - The Twilight Zone? Mmmmmm, I like that, lol) and once I have something worth talking about, I'll post up my findings.

Finally, always bear in mind that you can run a Wick-Zone set-up off of pretty much any candle you want, on any time-frame.

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.

The Initial balance move I mentioned (The Twilight Zone) is then an hour before that, running across the 22:00 - 23:00 uk time. Jury's still out on that.

[Mr. Hyde]

Another 30 point day on the ES. This is seriously crazy.

The trade was just a basic idea of price at the weekly open and at resistance and at the daily high and there was a zline or pivot below that looked like a place price wanted to go. Got one add on. Now that I have started making good trades on the ES really need to start working on the add on's.

[Mr. Hyde]

That would have been a nice rebound, right enough, then a close over - retest - enter move long.

Now it's possibly heading for another bite, though it may take a punch through to the larger zone. We'll see.

SPX500H4asMrHydesInfo30thMay18crop.png

Yea there was a nice close over, retest rejection on the 5m which gave way to the monster off a move for today. Plus I was able to grab another 6 points before that going short from where I said and then using the DC style opening hour breakout trade. And actually come to think about it the 1st trade would have been a WZ style trade of the witching hour I believe you called it earlier in the thread.

What about a 15m opening range breakout trade. Since it seems at the immediate open at 930 am est price can move back and forth, was thinking what about letting a 15m candle print then using the high/low as a breakout trade. I'm pretty sure there is already a trade setup out there of this idea, but though I would mention it to the guy that seems to know all the time based moves.

Yeah, that's the one - Witching Hour, that is.

The 15 min break is a very valid set-up always. If you are looking to play it as a WZ style, then the 15 min is good-to-go. Gives you a bit of room to trade any move back inside. You can, however, fine tune it even more by using the 5 min and then trading the momo-break of that.

If you wish to sharpen it to a katana-sharp edge, then hit it heavy as soon as the midnight candle kicks off, trading away from the Weekly Open. It's basically Buy Zone taken to the extreme. I have been running a select number of pairs this seems to work on very well and it's a killer.

I've also been looking at The Initial Balance concept for the US market (which actually is just an earlier period Witching Hour - The Twilight Zone? Mmmmmm, I like that, lol) and once I have something worth talking about, I'll post up my findings.

Finally, always bear in mind that you can run a Wick-Zone set-up off of pretty much any candle you want, on any time-frame.

Haha Lem I love you. I knew you would have a answer and setup for my question. Twilight zone, sounds good to me. You also always seem to be running some type of idea on a select number of pair. I feel like you do a lot of R&D when it comes to trading. Is that just you always looking to learn more or did you get that from managing money?

[Mr. Hyde]

First entry was 123 TTE and the add on was the retest of the 2. Another 18 points.

[LeMercenaire]

Yea there was a nice close over, retest rejection on the 5m which gave way to the monster off a move for today. Plus I was able to grab another 6 points before that going short from where I said and then using the DC style opening hour breakout trade. And actually come to think about it the 1st trade would have been a WZ style trade of the witching hour I believe you called it earlier in the thread.

What about a 15m opening range breakout trade. Since it seems at the immediate open at 930 am est price can move back and forth, was thinking what about letting a 15m candle print then using the high/low as a breakout trade. I'm pretty sure there is already a trade setup out there of this idea, but though I would mention it to the guy that seems to know all the time based moves.

Yeah, that's the one - Witching Hour, that is.

The 15 min break is a very valid set-up always. If you are looking to play it as a WZ style, then the 15 min is good-to-go. Gives you a bit of room to trade any move back inside. You can, however, fine tune it even more by using the 5 min and then trading the momo-break of that.

If you wish to sharpen it to a katana-sharp edge, then hit it heavy as soon as the midnight candle kicks off, trading away from the Weekly Open. It's basically Buy Zone taken to the extreme. I have been running a select number of pairs this seems to work on very well and it's a killer.

I've also been looking at The Initial Balance concept for the US market (which actually is just an earlier period Witching Hour - The Twilight Zone? Mmmmmm, I like that, lol) and once I have something worth talking about, I'll post up my findings.

Finally, always bear in mind that you can run a Wick-Zone set-up off of pretty much any candle you want, on any time-frame.

Haha Lem I love you. I knew you would have a answer and setup for my question. Twilight zone, sounds good to me. You also always seem to be running some type of idea on a select number of pair. I feel like you do a lot of R&D when it comes to trading. Is that just you always looking to learn more or did you get that from managing money?

A bit of both. Knowledge is Power is a mantra I live by in general and yes, it's something that was encouraged in my previous life.

I did spend some time in Fundamental Analysis after getting the basics of the technical side. I had no problems with that, though tbh it's not something I do to any great degree any more.

It does also serve a secondary need and that is one of keeping me from playing around with trades. I love research (of any kind) for its own sake and so if it also stops me over-trading, it's something I'll submit to willingly.

On the subject of ''a select number of pairs'', these are the (my) usual suspects! Certain methods make best use of pairs that trend, others that range. Some run smooth, some are as mad as a box of frogs. Whichever style I am looking at, I immediately go to my default set and then whittle them down to the specific sub-set.

At the moment I am looking at three possible doo-dahs...two revisionist set-ups (Frankenbreak and Buy Zone) and one a variation on a theme (The Twilight Zone). At least I think that's all...there may be more, lol.

[Leoheart]

Yeah, that's the one - Witching Hour, that is.

The 15 min break is a very valid set-up always. If you are looking to play it as a WZ style, then the 15 min is good-to-go. Gives you a bit of room to trade any move back inside. You can, however, fine tune it even more by using the 5 min and then trading the momo-break of that.

If you wish to sharpen it to a katana-sharp edge, then hit it heavy as soon as the midnight candle kicks off, trading away from the Weekly Open. It's basically Buy Zone taken to the extreme. I have been running a select number of pairs this seems to work on very well and it's a killer.

I've also been looking at The Initial Balance concept for the US market (which actually is just an earlier period Witching Hour - The Twilight Zone? Mmmmmm, I like that, lol) and once I have something worth talking about, I'll post up my findings.

Finally, always bear in mind that you can run a Wick-Zone set-up off of pretty much any candle you want, on any time-frame.

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).

Edit: I got it. In slow motion today.