E-Mini bouncing from higher timeframe demand

29 thg 12, 2014

ESH2015 (E-mini) has setup a long signal in the Globex session from a higher timeframe (15min) demand levels. Drilling down to smaller timeframe to get a better risk reward I have a long level that has triggered based on the demand at this level and the indication of institutional buying at this level based on an abnormal high volume spike prior to the long signal bar. When we get a high volume into a supply or demand where we se a change in direction that indicates that there is stepping in larger participants buying and not selling at todays level.

The drawdown with the quality of this levels is the fact it is based outside the normal tradinghours. Still I find the R/R of 3,8 towards the oppsing higher timeframe supply interesting.

See chart for entry, stop and target and position size based on 2% risk on a $20 000 account.

Update / Trademanagment:


The tradesetup has come to the target. Here you can choose if you would like to extend the target as the MTP STF indicator is showing relative strenght at the moment coming to the higher timeframe supply. You can either taking out the almost R 4 trade (return is close to 4 times more than your risk) or you can trail with ATR stop show in the chart as dots.