Emini Day Trading - Floor Number Consideration

what-where were your trades during this period? in terms of method - what-where is a possible trade that may have been done that would be the 'worst' setup that occurred?



green dot: floor number reject with mex flow-ttmf hook - through the 738.20 paa price AND into the channel break2 --- that was the setup BUT the trade done is still into the yellow line breakout - it's a pivot entry -vs- pivot trade because of the reject with mex flow up component.

yellow dot1: did you do this trade - maybe calling a yellow line reject? this is the 'worst' setup of the period - this is a reject-breakout against mex flow-into the pmd high AND the blue line 739.30 paa price resistance.

red dot: paa price pmd high startpoint - left-right price break as a pmd swing reverse-initial reverse WITH left side diagonal breakout potential-room to the floor number.

blue dot: this is a right side reject of left side price with mex flow down-matched price failure break - BUT it is also right into the floor number --- IF you read this setup additionally as a failure break setup of the floor number you can take the trade - i would have tried this in that context if flat.

Swing Reverse Or Consolidation Transition

Swing End - Reverse Startpoint

chart1: left side up swing reverses into sell - was there any warning that this could occur AND after the initial reverse was there a base setup related to the reverse price? what-where were the trade setups after the initial reverse - what was the worst setup for the period - what-where were your trades?

reverse 'warning': 718.40 was retesting the 718.30 overnight low as resistance AND the area of the 718.90 open high-718.80 open paa price WHICH was a reject of this price into the open sell - there was a mex extreme cross and then a lower high 718.20 BUT the move couldn't resume.

blue line - red dot: i would also suggest that this is a 'warning' that we would go into consolidation around the floor pivot centerline IF there was no reverse - the key breakout being that of the 2 yellow squares as a triple bottom break of the 716.60 8-4 high AND the price that we discussed before the open as a key shift to support - along with a price specific that we had seen a number of price action occurrences.

was there a base setup related to the initial reverse price-blue line - not as an initial base BUT then the red dot sell became a combination blue line reject - floor pivot break into the 716.60 triple bottom breakout AND with left side diagonal breakout potential after the breakout.

blue dot: IF flat i would do this trade as a 716.60 shift-reject - 715.80 paa price break after the lower high with mex flow down - as a pivot entry back to the left side low.

yellow dots: what was the worst setup for the period - actually there was 2 and that would be the yellow dots. yellow dot1 may be a reject of the 715.80 paa price BUT it is right into 716.60 resistance.

yellow dot2 may be a period triple bottom breakout BUT this is done as a breakout of the lows and consider this entry price -vs- the red dot which is a first continuation to the initial reverse AND the blue dot into the period lows - the breakout is well late basis those 2 setups AND then when 714.40 holds 714.30 as a double bottom the trade then becomes a loser.

Horizontal Breakout -vs- Diagonal Slope

chart1: i have 3 base setups during this period of which one of them is a favorite of mine --- what-where were the setups - which one was the favorite i referred to - what-where were your trades?

did you realize how good of a trading period this was - how there were 2 setups that had combination triple breakouts to trade into?

green dot: floor number break entry BUT as a failure break through the 2 yellow squares AND then into the 2 yellow square triple top breakout which includes the break of the 900ct news high. i called this base because of the price breakout setups - however without them there is no trade except a floor number breakout pivot trade.

of the 3 trades on this chart this is the one that i see done by the most people - this being a frequent response to a consolidation breakout.

red dot1: this is one of my favorite setups - a pmd high startpoint which is also a left price reject [see your closing low from 7-31] - initial reverse price break2 with mex flow AND which is also a right side failure break to the left yellow square price.

of the 3 trades on this chart this is the one that i see done by the fewest people - this being a frequent response to slope and initial base setups which are also left-right selective. this will 'always' be a high odds trade - turn the green dot buy into a double top at the upper yellow squares instead of a triple top breakout - and chances are that trade rejects in the area.

red dot2: floor number reject with mex flow - 2 blue square matched price failure AND then into the 2 blue square triple bottom breakout with rooms to the low. i liked the setup very much AND did it as an addon - BUT i cannot like a trade entry 10 ticks later more than a setup combination like red dot1.

of the 3 trades on this chart this is the one that i see done by more people than red dot1 - this being a frequent response to being flat at the time AND seeing the floor number reject for entry. however when described to me i don't usually hear about the left side breakout setup for continuation that occurs here which is probably what is responsible for the price movement AND makes this more than a right side reject-channel breakout only - that is also 10+ ticks later than a very good setup.