1 ES Contract - 2 Trades Back to Back - This is awesome!
Everything lined up so perfectly!! I'm still so friggin' amped about how this whole trade(s) went down.
So check it out...
HTF Chart (not displayed) showing me the edge of NWOG for the ES on my 15M chart. So, I have that level marked to alert me when the ES approaches this level. I'm checking my other charts and it looks like a rather strong resistance zone on top of that. A rather thick Supply Zone. I had marked out 6102 - 6105.50 prior to this passed Tuesday's session 1/28/25. Anyway... I looking to get short up at the 6102 Level. So, I front run my Short Entry Order by 2 Ticks (The market likes to taunt Price around my key levels as I have found out) So Resting order at 6100.50 and patiently wait...
Filled at my Short Entry Resting Order!
Now, in reviewing my OF chart and checking the statistics Plus, using the current Donchian Channel AND A Fibonacci Extension Level.... I get an idea. If it doesn't come together, not a huge deal. I can get out of the position with at least a BE + a few ticks to cover the cost of doing business.
BUT - Should this Play out as I anticipate it to... Well.... Let's check it out...
You need to take note of a few things happening within the chart I've posted.
First, I'm getting better acquainted with the tools in TickBlaze, so I've slightly modified my VPs, giving me a better feel for what I am accustomed to elsewhere.
(Below) Notice within the Larger Volume Profile to the Left. Check the first indentation on the way up, immediately following that HVN. You cannot see behind the Order marker, but the shaping is similar, but only within a Smaller Value Area. (Confluence #1)
Here's where it gets really good...
Notice that I have only Entered into my Short with 1 Contract -- Now look at the Target. There is 2 Contracts commissioned at that level.
My intention is to close out of my first trade position (Short Trade) then immediately upon closing my first position, Open another Trade, but this time a Long entry.
So, where the trade closes Short, It is anticipated that the market will immediately enter me into a Long position on a Resting Limit Order.
Again, since I believe that the market is kind of done playing in the lower band of its range today, I'm going to take a very educated and calculated position. I'm also prepared if the position fails to follow through according to my expectation.
Target Hit! Out of the Short Position Now and entered into my Long Position.
I'm just casting positive energy at my chart right here that price doesn't decide to continue to drop even lower. I've already prepared to take on a bit more risk than previously, but not too much.
Viola`
Almost to the tick, I catch a reversal bar and price spike up almost 2 points, but then begins to settle a bit...
I need price to continue higher...
(Below) A Fibonacci Extension in that area showing just the level I wanted to get off at 6102.50 (Shown in the following capture below)
I'm going to front run my order by 1/2 a point or 2 ticks. Just... because.
Gotcha Bitch!!!
🎊 🎊 🎊 🎊 Holy Hell that was friggin' AWESOME!! 🎊 🎊 🎊 🎊
So , the trades didn't yield a treasure chest of money, but, a decent amount of money has been extracted from the market. I was more blown away about nailing the levels and the strategy coming off exactly as I planned it. 🎊🎊🎊🎊
So the breakdown:
1 ES Contract - Short Entry 6100.50 - Target 6096
4.5 Points - 18 Ticks - $225
Then the Long:
1 ES Contract - Long Entry 6096 - Target 6102
6 Points - 24 Ticks - $300
On this Trade - A Grand Total of 10.5 Points - 44 Ticks - $525
I think that'll wrap it up for me today... ✌️😎