Kardec Trader walks through a single trade that netted $27,000 on seven ES contracts. He entered long at the 48.75 demand level after a consolidation period, targeting a 40-50 point move with an 8:1 risk-to-reward ratio.
$27,000
8 to 1
Seven ES contracts
48.75
About 40 to 50 points
This is the last trade. This was a $27,000 profit, 8 to 1 risk to reward ratio. It was only on seven ES contracts. What I was watching for was 48.75, which was a level of market structured demand. The market was supporting at this level and I wanted to pull back into this for the market to eventually bounce. What happened is I got long at the 75s, going for about a 40 to 50 point target to the upside. Here's the market structure, level of demand. The market sells off, consolidates and then rallies up. The period of consolidation is crucial. I mark it as a level of Market structure demand, 6 hours market revisits, this level bounces. I take the market long and I sell as the market's moving up into strength.
