I primarily trade E-mini S&P 500 Futures (ES), but I also have experience trading a variety of other financial products.
You can access my daily trading plans for E-mini S&P 500 Futures (ES) on X (Twitter) Smashelito and Substack Smashelito's ES/SPX Newsletter. The plans are published prior to the start of the overnight session to make navigation easier for overnight traders and the best part: it’s completely free.
My daily trading plans include my personal interpretation of the current market structure and key levels that I will be paying attention to in the upcoming session. It's important to note that these levels are based on past market activity and are not meant to predict the future.
The primary purpose of having a daily trading plan is to be prepared for the upcoming session. I spend a significant amount of time analyzing the market structure before the start of the trading day, so that I can focus on real-time activity during the session, such as order flow, pace, and volatility. I outline different scenarios because it is impossible to predict exactly what will happen in the market. By being aware of various potential outcomes and having a thorough understanding of market context, you can gain a sustainable edge in the market.
Each of my plans also includes a summary of the previous session, highlighting any important nuances or patterns that may be relevant to carry forward.
I always recommend that traders have a pre-market routine to stay prepared and maintain discipline and consistency. By approaching the market professionally and separating yourself from the majority of traders, you significantly increase your chances of success.
There has been a consistent request for daily plans for E-mini Nasdaq-100 (NQ). With that in mind, the plan is to provide daily NQ plans in a more concise format through the upcoming private Substack Smashlevels.
I use Sierra Chart trading platform with Denali data feed. Sierra Chart is one of the most powerful trading analysis tools available. If you have questions about Sierra Chart, it is recommended that you consult the technical support resources provided by the company. In most cases, the answers to your questions can be found in their documentation.
In response to numerous requests from traders, the chartbooks I utilize in Sierra Chart are now available for purchase.
I use Market and Volume Profile for analyzing market structure, and Depth of Market (Dom), Time and Sales (Tape), and my customized Footprint charts for analyzing order flow and executing trades. The only indicator on my charts is the Volume-Weighted Average Price (VWAP).
The TPO or Market Profile Chart is a visual representation of market activity over a specific period of time, typically 30 minutes per letter. This type of chart does not include volume data, but it does feature a time element, making it a useful tool for analyzing market structure. TPO stands for Time Price Opportunity.
This is my personal short-term pivot for the upcoming session, which is based on various contextual factors. It is important to note that this is not an automatic buy/sell level, but rather a reference point. Levels alone are not meaningful unless they are confirmed by order flow.
It is important to keep in mind that charts do not predict the future. The levels marked on charts are based on past market activity and should be used as reference points only. If you find that you have a strong bias when analyzing charts, it may be because you are spending too much time looking at them and not enough time tracking order flow. The most important thing to consider when making trading decisions is the current activity in the market, as this will indicate whether there is interest in your levels. Order flow analysis allows you to make decisions based on real-time market activity.
The Smashmodel Extremes (SME) are data-driven and not based on references from the chart, unlike the Smashlevels. This concept is a crucial part of my systematic approach to intraday trading, allowing for unbiased, data-driven decisions and minimizing emotional influence.
The daily (D1) Smashmodel Extremes represent the range I will be working within for the upcoming session. I exercise caution when initiating trades outside the range to prevent making trades at unfavorable locations. In simpler terms, the extremes keep me from potentially acting impulsively, a state that is detrimental when making trading decisions.
In a bullish market environment, the lower extreme may draw buying interest and extensions beyond the range are more probable to occur on the upside. Conversely, in a bearish market environment, the upper extreme may prompt selling activity and extensions beyond the range are more probable to occur on the downside. In essence, it is advisable to refrain from selling at the lower extreme during a bullish market and avoid buying at the upper extreme during a bearish market.
A potential short-term shift in market tone may occur when prices extend to the downside in a bullish market or to the upside in a bearish market. Orderflow analysis must be used to confirm all levels, as always.
I only share my insights on X (Twitter) Smashelito and Substack Smashelito's ES/SPX Newsletter. Please be aware that there may be scammers posting suspicious links in the comment section claiming to be me and directing you to various groups. These links are not from me and should be ignored.
At this time, I am not offering individual mentorship. If you are a subscriber to my Substack Smashelito's ES/SPX Newsletter, you have been added to the mailing list and will be given priority consideration for coaching opportunities if and when they become available in the future.
I appreciate you asking. One way you can support my work is by engaging with it - sharing and liking the content that you find valuable. This helps me reach a wider audience of traders like yourself. I really appreciate the engagement from those who regularly interact with my work. Knowing that my efforts are providing value to you keeps me motivated to continue with this project.