Price Action Trading, (9/19/24) ES, 2W, Rally to Bullish Bias Sideways Move

Описание к видео Price Action Trading, (9/19/24) ES, 2W, Rally to Bullish Bias Sideways Move

Most of the large rally occurred in the premarket. On the open prices chopped sideways but moved gradually upwards. There weren't too many setups I could find and I took two trades. Both were profitable. The first trade I entered a little late and chased the entry a little bit. Fortunately I was able to get a decent runner. The second trade should've been skipped as there were way more going against the trade (shorting into resistance, shorting into EMA, countertrend).

Thursday, September 19, 2024
Trading hours 6:30AM-1PM (PST)
OPEN - 5778.25
HIGH - 5797.50
LOW - 5748.25
CLOSE - 5772.75
Volume 1,678,513 (total)

Potential market moving news - Unemployment Claims (5:30AM PST)

Points of interest - Time in Pacific Standard (time stamp in video)
6:30AM (1:42) Almost S Trade LH, confirming 2ES, break of the orange up channel tested new high, good signal bar but large, wanted close below EMA.
6:49AM (3:20) Trade 1 (G) 2ES, break of orange up channel has tested high, good signal bar, FBO of green down channel, waited for trigger bar to close which closed under EMA but bullish. Waited for follow up candle then entered near end of bar closing.
6:54AM (6:31) Almost L Trade HL, needed a break below previous bar with same bullish close at high and at or above EMA.
7:21AM (8:06) Trade 2 (G) LH, possible 2ES, aggressive, prices coming from FBO, strong close. Hindsight – prices moving into EMA, prices moving into support of yellow up channel, trade should've not been taken.
7:26AM (10:32) Possible L Trade HL, bounce off support of yellow up channel, good signal bar close that moved down then up engulfing previous bar.
8:15AM (11:40) Possible L Trade 2EL/HL, coming from FBO of possible range, bounce off EMA, could also be seen as break of channel and going to test the high.
10:20AM (13:25) Possible S Trade 2ESV/TTT, prices failing to break through resistance and just made a new ATH, two legs up from bottom of developing range, enough room to EMA for a scalp.
12:03PM (17:27) Possible L Trade F2ES, break of green down channel made two attempts down strong push up over EMA with close at top

This video is mainly for my own learning process and to improve my trading. I decided to make it public incase it can help anyone else. 2000tick, NinjaTrader 8.

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Risk Disclosure:
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