02/12/2019. E-mini SP500 – Trade by The Trend
Download workspace: MZpack – Trade by The Trend – ES
The position has two parts.
The big picture (see 30-Minute chart)
- Up-trend on 30 Minute chart. The price is above daily VWAP at VAH
- Significant Buy initiative 150-Lot (aggressive) from inside day open range
- A range of consecutive aggressive BUY orders
Microstructural events (see 10 Tick chart)
- 172-Lot Buy after 172-Lot Sell trade. Buyers are taking control
- Steady support on BID side
The entry was made from 1st standard deviation of the day.
Stop loss order is under day VWAP. Take profits are near 7-days high with RR = 2.5
Reasons to close the long
- The exhaust of volume and trades number with first significant negative COT-high (close 1/2)
- Huge negative COT-high (1/2)