"V" formation on larger timeframe

in #trading7 years ago

top row ES from left to right 4h,1hour,15min,5min-second row NQ
(charts courtesy of TradeStation)

today is a good example in the ES and NQ futures index to illustrate the V formation we were explaining in "the traders daily plan" educational series

We picked this illustration since it shows the principle relation that this formation is also occurring in higher time frames but still exploitable in lower time frames

all that's happening is that the sideways sequence is a bit longer

X marks the spot for a low risk entry point

the above lurking gap was conducive to the probability of this setup:

60 min NQ:

use quad exits for exit targets

you find detailed information about the "V" formation in the past posts of the "trader's daily plan"

Trading education:

https://steemit.com/trading/@allthereisislove/financial-success-principles
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-2
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-3
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-4
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-5
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-6
https://steemit.com/cryptocurrency/@allthereisislove/a-traders-daily-plan-7-forex
https://steemit.com/cryptocurrency/@allthereisislove/a-traders-daily-plan-7-futures
https://steemit.com/cryptocurrency/@allthereisislove/a-traders-daily-plan-9-stocks
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-10
https://steemit.com/cryptocurrency/@allthereisislove/a-traders-daily-plan-11
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-12
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-13
https://steemit.com/trading/@allthereisislove/a-traders-daily-plan-14

Real time Post Trading execution and exit study:

https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-agressive-early-entry
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-taking-half-of-position-off-for-financing-quad-exit
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-rest-position-stopped-out-at-break-even
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-second-try-entry
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-second-try-entry-nq-financing-point-reached-half-position-out
https://steemit.com/trading/@allthereisislove/5t4tjp-realtime-es-nq-futures-right-now-v-formation-with-second-try-entry-nq-financing-point-reached-half-position-out
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-second-try-entry-nq-first-target-reached-25-of-position-out
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-second-try-entry-nq-final-target-reached
https://steemit.com/trading/@allthereisislove/realtime-es-nq-futures-right-now-v-formation-with-second-try-entry-es-both-targets-reached

Crypto:

https://steemit.com/trading/@allthereisislove/best-crypto-exchanges
https://steemit.com/cryptocurrency/@allthereisislove/what-is-cryptocurrencies-mining
https://steemit.com/cryptocurrency/@allthereisislove/bitcoin-exchanges-and-general-info
https://steemit.com/cryptocurrency/@allthereisislove/strong-buy-on-steem-ethereum-dash
https://steemit.com/cryptocurrency/@allthereisislove/how-to-get-started-in-cryptocurrency-investing-trading
https://steemit.com/cryptocurrency/@allthereisislove/where-to-invest-your-usdusdusd-where-crypto-and-blockchain-is-heading
https://steemit.com/cryptocurrency/@allthereisislove/added-here-to-my-long-term-iota-steem-and-ethereum-positions
https://steemit.com/cryptocurrency/@allthereisislove/how-i-made-a-near-100-profit-on-dash-in-10-days

Trading/investment/money principles:

https://steemit.com/trading/@allthereisislove/creep-nothing-stronger
https://steemit.com/trading/@allthereisislove/know-your-enemy-or-friend
https://steemit.com/trading/@allthereisislove/the-secret-trading-glossary
https://steemit.com/cryptocurrency/@allthereisislove/trading-mistakes
https://steemit.com/investing/@allthereisislove/investing-principles
https://steemit.com/money/@allthereisislove/principles-truth-on-your-side
https://steemit.com/money/@allthereisislove/why-is-my-business-failing-60-30-10-the-core-business-principle
https://steemit.com/steemit/@allthereisislove/60-30-10-the-core-business-principle
https://steemit.com/trading/@allthereisislove/financial-success-principles
https://steemit.com/steemsilvergold/@allthereisislove/how-to-buy-gold-and-silver
https://steemit.com/cryptocurrency/@allthereisislove/wealth

as always
feel free to ask any questions about this or prior posts and thank you for your time
@allthereisislove ... if you follow me-I follow you...

your upvotes are greatly appreciated and may be you even consider following us THANK YOU !!!!!

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Great I found where I could get resources on trading within the steemit community :)

thank you for your kind words-feel free to ask questions any time

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