ES Futures Price Action Trading - PATS - Chart Review, 6-7-2024

My daily routine involves analyzing the S&P Emini futures, recording my trades (both successful and unsuccessful), and noting potential setups I've identified. This channel primarily serves as a personal platform for me to evaluate and document my trades, with the goal of improving my ability to interpret charts, manage trading psychology, and address any detrimental habits. Additionally, I share insights, advice, and perspectives on trading within this channel.
Channel Purpose:
Personal platform to evaluate and document trades.
Goal: Improve chart interpretation, manage trading psychology, and address detrimental habits.
Share insights, advice, and perspectives on trading.
Business Inquiries:
Contact at ZeffsTrading@gmail.com
Website:
whop.com/zeffstrading
Indicators Used:
21-Bar EMA/2,000 Tick Chart and ATR indicator (14).
Signal Arrows:
Blue/Red Arrow = Strong signal aligning with strategy.
Black Arrow = Risky/Aggressive Setup.
Trade Parameters:
Profit Target = 8 Ticks +
Stop Loss = 9 Ticks MAX
Setups We Look For:
2EL - Second Entry Long
2ES - Second Entry Short
F2EL - Failed 2nd Entry Long
F2ES - Failed 2nd Entry Short
BP - Breakout Pullback
FB - False Breakout
DT - Double Trap
LH - Lower High
HL - Higher Low
TT - Triple Test
SB- Strong signal bar
Checklist Before Taking a Trade:
Identify the bias - Uptrend or Downtrend.
Locate key Entry Point - Trendline Channels, EMA, Support and Resistance.
Identify high probability setups - Second Entries, Triple Tests, etc.
Analyze the signal bar - Good or bad.
Analyze the congestion - Overlapping bars or trading range congestion.
Decision based on rules - Execute good quality setups within the rules, Don’t enter bad setups, and only trade the edge.
Basic Trading Rules:
3 Trades max per day.
Stop trading once you net 2 winning trades for the day.
Stop trading once you net 2 losing trades for the day.
Only take setups that appear at Key Entry Points.
Trade what you see, not what you think.
Study your chart at the end of each trading day and do your homework.
Risk Disclosure: Futures, Stocks, and Forex trading contain substantial risk and are not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Trade at your own risk. None of the content on this channel is intended to influence any investment decisions made by the viewer. This KZread channel is intended for educational and entertainment purposes only.
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Пікірлер: 2

  • @Te1iz
    @Te1izАй бұрын

    Is trading your full time job? If so at what point did you know you were sustainable

  • @ZeffsTrading

    @ZeffsTrading

    28 күн бұрын

    I do multiple things for income sources. Trading is more of a side income for me at the moment but certainly can live modestly and live off of it if needed. Always have more income streams never rely on one!