#ES_F / #NQ_F Trade Plan July 2
Mastering the S&P500 and Nasdaq 100 futures with Barky's Three Level Trade Plans
Table of Contents
Review - Previous Plan and Trade Results;
Charts - Updates of the Macro Setup and Structure;
Plan - New Three Level Trade Plans for $ES_F and $NQ_F;
$VIX - Implied Volatility (Bonus);
Video - Trade Plan Video with Previous Session Trade Recaps;
Recaps - Previous Session Recapped Setup Charts and Education.
For methodology, follow this link: Barky’s Three Level Trade Plans
Previous Session Review
The plan was to look for H4 dips towards level 2 or through. ES held up nicely while NQ flushed through level 3 to sweep Friday’s low. ES was very choppy throughout the day, but when NQ triggered its reversal at 11AM, both indices pushed higher, with ES making a new ATH.
The system gave:
ES 37 points long;
NQ 175 points long.
New and updated Three Level Trade Plans every single day - and my levels are fluid, not fixed. It allows for risk adjusted position management: big size, small risk. All explained in the first three articles of my trading course. Link in bio.
Chart Updates
Every day an overview of the higher timeframe setup and structure with the Three Level Trade Plans for the coming session updated and incorporated to offer a better understanding of the location and function of each of these levels.
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Three Diagonals Will Change Your Life
D1 - Daily chart update
Divergence between indices is something we see at turns. When price has extended and buyers exhaust, tech ALWAYS shows weakness first while everything else sees a late rally rotation. Once this rotation completes, money has to rotate back into tech, or otherwise markets flush.
ES was pure chop yesterday, while NQ is leading the turn. We have pullbacks that allow us to draw D1 Entry Control Diagonals, and markets are officially consolidating into D1 EMA9.
For today we should expect D1 EMA9 to attempt to lead price higher. To keep trend structure intact, the current higher lows have to lead to new highs. Therefore, yesterday’s lows of day are key to the coming session as we wait for non-farm payrolls.
Updated Three Level Trade Plans for the coming session into day’s newsletter. Subscribe for charts, levels, trade plan, trade plan video AND video trade recaps.
Price is backtesting the ECD, and losing the marked levels initiates the pullbacks to, and potentially through, D1 EMA9. The set up is a 4 hourly EMA50 consolidations, and that is what today’s Three Level Trade Plans entice.