ES – inflection point for Jan. 23, 2017

Previous trade

ESH7 Jan. 20, 2016. 60-minute bars

The ES made a nice move in the day session that was neatly captured between Nat’s Sell level and keyline, but trading it was a bit tricky.

The rally stopped 2 ticks below Nat’s Sell level, and the subsequent decline stopped 3 ticks above her keyline.

Traders in the live trade room had an excellent chance to capture the full move. Trader’s using ‘resting orders’ placed in the overnight session may have missed the trade by a frustratingly narrow margin.

Some overnight traders give Nat’s numbers a bit of space — they enter sooner and exit sooner —  to improve their chances of getting trades like this.

Daily workbook

Download link: (170123-daily-trading-worksheet-ES.pdf, 255KB)