I just took a bearish trade on ES1! my thought process behind it is 1 hr chart and 1D chart are bearish still has yet to reach 1 D demand, reached 1 hr supply, should bounce off of supply and x2 profit risk of $600 for 1 contract. took it at 7:35 AM PST
I do need some clarity on how the time of day in my trade is I know futures are 24/7 should I trade at market open 6:30AM? PLEASE share any feedback that would help me improve based on Kyles model or let me know if I am on the right track Thank you!!