ES HEADING INTO NFP

Sep 6

We are fast approaching the previous NFP data point (whilst NQ sits below its previous NFP already). As I said on the NFP analysis the majority are anticipating a melt up on NFP. Which does make sense to squeeze the shorts this week but I still see us trading lower to atleast take the close proximity liquidity at the low and even trade below the previous NFP data point. The CLM level is critical. This is a level I have developed after 8 years in this game. I have a system around them which over a large number of trades is at the moment running at 63% win rate ! So for now I'm certainly utilising those levels, here I have just marked in 1 of several.

Stay safe on NFP.

Namaste!

Sep 8

Note

As anticipated we moved lower and my bias moving forward will be that we continue to head lower even if we some mean reversions to the upside next week! A gap open to the downside would also not be surprising!

Sep 13

Note

Note how once the key level was gained it was backtested and held and ultimately accumulated !