Journey of the ES - Wannalearn12

[LeMercenaire]

Had another look at the 500-Flip. Outside of the Daily Wick Zone overview, there was a lack of info surrounding it and the info that was there was contradictory - price below Daily Open but above Weekly - and so I played it tight.

To recap - the live bar will reverse the trigger bar - and if it doesn't, then it will break big out the other side.

So, I was looking for an initial move long. Got that, back into the body. However, it quickly stalled. So, as planned, with no intention of letting it go negative, I took what I could get - in this case a couple of pips before it hung up and turned.

Once that was in the bag, it was then a case of letting momo take over - and again, off it went as expected, dropping off in the opposite direction and we definitely got that momentum. Dropped like a stone.

SPXUSD.cH1gggg.png (38.65 KiB) Viewed 2804 times

SPXUSD.cH1mmmmm.png (39.15 KiB) Viewed 2804 times

SPXUSD.cH1jjjjjjj.png (39.36 KiB) Viewed 2804 times

Took the trip all the way down to the target - the Demand Zone below.

Once we got there, the original move was closed out and then took a bit extra on the bounce back up.

SPXUSD.cH1jhjhjh.png (40.67 KiB) Viewed 2804 times

So...when you take a step back, you can see the overarching influence at play here. Daily Wick Zone. The gift that just keeps giving.

SPXUSD.cH1incDWZ27thMar18.png (54.94 KiB) Viewed 2804 times

[LeMercenaire]

Having wrangled my DWZ EJ all night and not really found much of anything else to interest me through the morning, I always keep an eye on the S&P in the US run-in.

Found a just-about-as-perfect a TS 1-2-3 set-up as you could ever hope to see...

S&P500H1asPerfect1-2-3andpossHOLO4thApril18.png (26.33 KiB) Viewed 2752 times

If it doesn't go on all arvo, then it also holds HOLO potential for later.

[LeMercenaire]

That entry above went very, very, nicely indeed...

I went in on a double-dip entry when price pulled back to the go-level and I have now bagged some additional honey on the way back down. I would have been in on the previous bar and needed a second entry if I had been paying attention but hey ho, I wasn't at the charts and so I avoided that drama and got away easy...

S&P500H1as1-2-3fullday4thApril18-andbackdownnow.png (25.77 KiB) Viewed 2733 times

[LeMercenaire]

On the 500-Flip set up, it went pretty smoothly. Not the biggest move I've seen but still got the job done.

(18:00 Flips 17:00)

InkedS&P500H1as18-Flips-17April5th18crop2_LI.jpg (109.15 KiB) Viewed 2715 times

Sorry about the uber-tight crop, had to be done to be allowed to post.

[Mira]

On the 500-Flip set up, it went pretty smoothly. Not the biggest move I've seen but still got the job done.

(18:00 Flips 17:00)

InkedS&P500H1as18-Flips-17April5th18crop2_LI.jpg

Sorry about the uber-tight crop, had to be done to be allowed to post.

Hi LeM!

Is the “500-Flip set up” the 17.00/18.00 bar reversal that you was talking about?

Thanks!

[LeMercenaire]

On the 500-Flip set up, it went pretty smoothly. Not the biggest move I've seen but still got the job done.

(18:00 Flips 17:00)

InkedS&P500H1as18-Flips-17April5th18crop2_LI.jpg

Sorry about the uber-tight crop, had to be done to be allowed to post.

Hi LeM!

Is the “500-Flip set up” the 17.00/18.00 bar reversal that you was talking about?

Thanks!

Yep, that's the one. Calling it the 500-Flip means it's a little less confusing when the clocks change, lol.

[LeMercenaire]

I don't trade Fridays much beyond my morning DAX (most of the time) and today I took the chance to head on out. As a result. I didn't trade this or see it unwind at all.

Looking at it now, it is a perfect example of how it generally behaves if the original reversal move fails, in that the following continuation move is usually a very good one.

InkedS&P500H1as500-Flip-AsBreakToday6thApril18_LIcrop.jpg (107.19 KiB) Viewed 2667 times

[dojirock]

Its got major... "money moves"

doji

2018-04-06_2331.png (192.33 KiB) Viewed 2808 times

[LeMercenaire]

The 500-Flip move for today. Other than my DAX move first thing, this was all I worked on today.

The Supply Zone made me doubly confident it was going to drop, not break.

Inked.US500.H1as18-flips17April9th18_LIcrop2.jpg (120.92 KiB) Viewed 2742 times

When I say ''all'' by the way, I'm not being flippant, this was a good, big-hitter of a trade. I literally mean that I was out for the rest of the day and couldn't have traded even if I wanted to.

I'd happily take one of those any day.

[Leoheart]

The 500-Flip move for today. Other than my DAX move first thing, this was all I worked on today.

The Supply Zone made me doubly confident it was going to drop, not break.

Inked.US500.H1as18-flips17April9th18_LIcrop2.jpg

When I say ''all'' by the way, I'm not being flippant, this was a good, big-hitter of a trade. I literally mean that I was out for the rest of the day and couldn't have traded even if I wanted to.

I'd happily take one of those any day.

Lem, I'll have to admit occasionally I have a hard time figuring out where you enter and exit. So the arrow is your entry and the exit?