Pre-Bell Futures Day Trading Strategy – 25 Nov 2024
1. ES=F (E-Mini S&P 500 Futures)
Market Overview:
Current Price: 6027.25
Change: +40.25 points (upward momentum).
Volume: 164,095 (increasing liquidity).
Technical Analysis:
Resistance: 6032 (day’s high so far).
Support: 6005 (day’s low and key psychological level).
Trend: Mild bullish; RSI hovering near overbought.
Strategy:
Bullish Scenario: Buy if price breaks above 6032. Target 6050; stop at 6015.
Bearish Scenario: Sell below 6005. Target 5985; stop at 6020.
Trade Rating: High (70% success probability).
Recommendations for Today:
Best Contracts to Trade:
NQ=F: Strong bullish momentum and high success probability.
ES=F: High liquidity and clear technical levels.
ZB=F: Bond futures showing solid bullish momentum.
Contracts to Avoid:
GC=F: Volatility and USD pressure make it unpredictable.
CL=F: Crude oil lacks strong directionality.
Overall Take Profit and Stop Loss:
Take Profit: Set at 2x ATR (Average True Range) or predefined target levels mentioned.
Stop Loss: Set at 1x ATR or key support/resistance zones to minimize risk.
Day Trading Strategy Disclaimer
ALWAYS DO YOUR OWN ANALYSIS. NO ONE CAN PREDICT THE STOCK MARKET, BUT YOU CAN MAKE INFORMED DECISIONS TO INCREASE YOUR CHANCES. IN DAY TRADING: MINDSET AND ATTITUDE BEATS SKILL. CHOOSE THE SCENARIO THAT MEETS YOUR RISK AND STRATEGY AND SECURE THE WIN. NOT EVERYDAY IS A TRADING DAY AND ALWAYS LIVE TO TRADE ANOTHER DAY
The content provided in this blog, including day trading strategies, technical analysis, and market insights, is for informational and educational purposes only. The information should not be construed as financial advice, investment recommendations, or an endorsement of any trading strategy. Trading futures, options, and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
You should thoroughly evaluate your financial situation and risk tolerance before engaging in any trading activities. It is advised that you consult with a licensed financial advisor or professional who can provide personalized investment advice tailored to your individual needs.
The author and publisher of this blog do not guarantee the accuracy, completeness, or timeliness of the information and will not be liable for any losses or damages, including, but not limited to, any loss of profit or investment, which may arise directly or indirectly from the use of or reliance on such information. By using this blog, you acknowledge and accept these terms and any inherent risks associated with trading.
Risk Warning: Leveraged trading can result in losses that exceed your initial investment. Please trade responsibly.
