Trading Session Focus (Week 25)

Looking at the week behind 1 day @ a time….. 

Good trading is always going back over the trading day and reviewing the setups that may or may not have worked out and what kept you in or perhaps took you out too early. Looking for the trend move and remaining in the trade is the objective. It’s your patience and discipline that will continue to grow as a trader when you implement such tools.

Market Traded:  YM, ES, NQ (RTH)

Weekly Total:   28 setups;  1516 Ticks NET  ( NQ: 921 | ES: 416 | YM: 179 )


Monday

Recap/Outlook Video: 

Markets Covered: ES, YM, NQ, CL, GC, 6E

Stats:     

  • 3 markets.   
  • 7 setups.  
  • 390 Ticks
    • NQ:  264 Ticks (38/226 )
    • ES:   62 Ticks (6/6/50)
    • YM:  64 Ticks (2/62 )

Session Highlights:

  • Trend #3/Setup #3 
  • Yellen x 2 days, Russell Re-balancing and BREXIT vote – VOLATILITY is on!
  • Fib projections levels hit both downside/upside. (except NQ upside)
  • Technical Momentum on four hour 50/144 ema remains in confirmed downtrend
  • AM price action continuing the overnight drive to pause and once the AD line seen below was under the 10ema, price action followed through on the three indices to the short.

6.20.16 - AD

—————————————-

T3 – Trend Highlights

Trend #1

6.20.16 - Trend #1a

Trend #2

6.20.16 - Trend #2a

Trend #3

6.20.16 - Trend #3

—————————————-

T3 Setup Highlights

Setup #1

6.20.16 - Trend #1b - setups

Setup #2

6.20.16 - Trend #3a - setups

  • Seen on the NQ below, with three charts in sync and the right two charts set to a higher time frame, probability of a runaway trend increased with all charts under their respective T3 -50 and 50ema’s.

NQ Multiple Time Frames

—————————————-

RTH Closing Charts

  • Volume Shy (NQ) Above (ES,YM) average
  • Four hour TREND – ALL confirmed downside.
  • Price @ Daily 50ma – ES/YM; NQ under 200ma.
  • Open gaps remain below.

6.20.16 - Big Pic Post-Market

Top Row: Daily chart with supporting 50/200ma and volume based on a 60 day moving average

Bottom Row: 4 hour chart. T3 moving averages. 50/144ema. 


Tuesday

Recap/Outlook Video: 

Markets Covered: ES, YM, NQ, CL, GC, 6E

Stats:     

  • 1 markets.   
  • 1 setup 
  • 0 Ticks
    • NQ:  0 Ticks (FLAT)

Session Highlights:

  • Trend #1/NO TRADES
  • Range Bound Session with limited low probability short-lived setups.
  • Yellen x 2 days, Russell Re-balancing and BREXIT vote – VOLATILITY is on!
  • Fib projections levels NOT HIT  
  • Technical Momentum on four hour 50/144 ema remains in confirmed downtrend
  • Market open; Divergence momentum as seen on the chart below with NQ long and YM/ES short. Sign enough for me to hold off.

6.21.16 - Market Divergence at open

  • Big pic of entire session on all three indices range bound and very choppy

6.21.16 - Session

—————————————-

T3 – Trend Highlights

Trend #1

6.21.16 - Trend #1a

—————————————-

T3 Setup Highlights

NONE

6.21.16 - NQ setups

With 3-4 charts in sync, and up to 7 possible setups, it was setup #5 that looked like a runaway and with all contracts on and sotp at B/E, trade ended up being a flat trade. Trend #7, last one had the highest probability of success.

—————————————-

RTH Closing Charts

  • Volume just under average.
  • Four hour TREND – ALL confirmed downside.
    • NQ below 50ema. 
    • YM/Es above 144ema
  • Price @ Daily 50ma – ES/YM; NQ under 200ma.
  • Open gaps remain both above and below.

6.21.16 - Big Pic Post-Market

Top Row: Daily chart with supporting 50/200ma and volume based on a 60 day moving average

Bottom Row: 4 hour chart. T3 moving averages. 50/144ema. 


Wednesday

Recap/Outlook Video: 

Markets Covered: ES, YM, NQ, CL, GC, 6E

Stats:     

  • 3 markets.   
  • 5 setups.  
  • 139 Ticks
    • NQ:  90 Ticks (88/2 )
    • ES:    18 Ticks (18)
    • YM:  31 Ticks (21/10)

Session Highlights:

  • Trend #1/Setup #1
  • Yellen, Russell Re-balancing and BREXIT vote – VOLATILITY is on!
  • Fib projections levels HIT both Upside/Donwside.
  • Technical Momentum on four hour 50/144 ema remains in confirmed downtrend
  • With only 2 charts in confirmation seen below and the multiple moving averages on the left 2 charts above the 50ema’s, the probability of continued trend was that much higher. Once in the setup, it’s not about targets but managing the candles in trend.

NQ Multiple Time Frames 6.22 pic 2

  • After an initial trend upside in the AM session, only to flip backside in the PM session, waiting for the highest probability setups, even when HA bars are well in TREND prior to, brings the highest tick reward.

6.22.16 - NQ - Multiple - PM session

—————————————-

T3 – Trend Highlights

Trend #1

6.22.16 - Trend #1

Trend #2

6.22.16 - Trend #2

Trend #2a

6.22.16 - Trend #2a

Trend #3

6.22.16 - Trend #3

—————————————-

T3 Setup Highlights

Setup #1 

6.22.16 - Trend #1 - Setup

  • NQ in combo with Multiple time frames, highest probability setup on price action above the T3-50ema

6.22.16 - Trend #1 - NQ - Multiple - EXIT

—————————————-

RTH Closing Charts

  • Volume about average.
  • Four hour TREND – ALL confirmed downside.
  • Price @ Daily 50ma – ES/YM; NQ under 200ma.
  • Open gaps remain both above and below.

6.22.16 - Big Pic Post-Market

Top Row: Daily chart with supporting 50/200ma and volume based on a 60 day moving average

Bottom Row: 4 hour chart. T3 moving averages. 50/144ema. 


Thursday

Recap/Outlook Video: 

Markets Covered: ES, YM, NQ, CL, GC, 6E

Stats:     

  • 3 markets.   
  • 6 setups.  
  • 232 Ticks
    • NQ:  151 Ticks (68/83 )
    • ES:   38 Ticks (16/22 )
    • YM:  43  Ticks (14/29 )

Session Highlights:

  • Trend #3/Setup #1
  • Russell Re-balancing and BREXIT vote – VOLATILITY is on!
  • Fib projections levels all HIT upside.
  • Technical Momentum on four hour 50/144 ema remains in confirmed downtrend
  • Overnight session seen below with a lift on speculation that Brexit will remain, quickly turned south on the NQ.

6.23.16 - Trend #2a - NQ - closes out overnight rally

  • Optimal entry was prior to RTH market open. Upon the opening bell, AD line was positive and $TICK positive, making the move to the short, divergent of market internals. In the end, a very good setup that I let pass.

6.23.16 - Trend #2 - NQ

  • Only before price action moved back to the upside.

6.23.16 - Trend #3c - NQ - Multiple time frames

—————————————-

T3 – Trend Highlights

Trend #1 – Overnight

6.23.16 - Trend #1 - Overnight

Trend #2

6.23.16 - Trend #2b

Trend #3

6.23.16 - Trend #3

Trend #4

6.23.16 - Trend #4

—————————————-

T3 Setup Highlights

Setup #1 

NQ

6.23.16 - Trend #3d - NQ

ES

6.23.16 - Trend #3e -ES

Setup #2

6.23.16 - Trend #4a - Setup

—————————————-

RTH Closing Charts

  • Volume below average.
  • Four hour TREND – ES/YM Upside; NQ Downside
  • Price above Daily 50ma  on ALL 3 indices
  • Open gaps remain both above and below.
    • ES closes upside gap @2097.25

6.23.16 - Big Pic Post-Market

Top Row: Daily chart with supporting 50/200ma and volume based on a 60 day moving average

Bottom Row: 4 hour chart. T3 moving averages. 50/144ema. 


Thursday/Friday Overnight Session

BREXIT VOTE

Stats:     

  • 2 markets.   
  • 2 setups.  
  • 388 Ticks
    • NQ:   90 Ticks 
    • ES:    298 Ticks 

—————————————-

T3 – Trend Highlights

Trend #1

  • Progression of price action in TREND as results of the BREXIT vote were mounting and leading into a selloff.
  • While the first trend setup was missed based on the very quick price action, increasing the time frame and watching the 50/144ema as seen in the next section was the key to let it ride to the short.

Brexit Reaction

Brexit Reaction 2

Brexit Reaction 3

Brexit Reaction 4

Brexit Reaction 6

  • 50/144ema on a 3m chart clearly identifying the fade off the 50ema to keep the technical momentum in the RED.

Brexit Reaction8 - 50.144

—————————————-

T3 Setup Highlights

Setup #1 

ES

Brexit Reaction 5 - ES setup

  • In sync with the 50/144ema on the right and HA bars on a higher time frame on the left, looking for just a piece of the trend pie was good enough.

ES setup on Brexit 2

Setup #2

NQ

Brexit Reaction 7 - NQ setup


Friday

Recap/Outlook Video: 

Markets Covered: ES, YM, NQ, CL, GC, 6E

Stats:     

  • 2 markets.   
  • 9 setups.  
  • 367 Ticks
    • NQ:   326 Ticks (54/81/31/23/74/33/30 )
    • ES:    Ticks (0vernight only)
    • YM:  41 Ticks (39/2 )

Session Highlights:

  • OVERNIGHT SESSION (see above)
  • RTH: TREND #6/Setup#4
  • BREXIT vote Fallout – VOLATILITY is on!
    • Overnight session halted, found support and lifted.
    • RTH Market Open found value and lifted market upside
    • …and reverse back down to the market open.
  • Fib projections levels all HIT upside and downside.
  • Technical Momentum on four hour 50/144 ema remains in confirmed downtrend after 1 day reversal upside on ES and YM.
  • Regardless of market direction, the biggest lesson was to simply change the time frame in which you regularly trade and to a higher time frame would have taken out the “noise” and offered you cleaner setup and entries. As well to manage in the TREND as seen below.

Big Pic to watch higher time frame

  • Great example of setup on NQ with price action breaks above the T3-50 on all 3 charts. Only missing internal is chart #3 with the 50/144 still in the red. EOD setup and chose to just sit out.

6.24.16 - Trend #9a - NQ setup - No trade

  • VOLATILITY! Last minutes of the session when one would think the market was rallying back and KERPLUNK!

Last move of session

—————————————-

T3 – Trend Highlights

Trend #1

6.24.16 - Trend #1a - Higher time frame

Trend #2

6.24.16 - Trend #2b

Trend #3

6.24.16 - Trend #3

Trend #4

6.24.16 - Trend #4

Trend #5

6.24.16 - Trend #5

Trend #6

6.24.16 - Trend #6

Trend #8

6.24.16 - Trend #8

Trend #9

6.24.16 - Trend #9

Trend #10

6.24.16 - Trend #10

Trend #11 – LAST 15m

Last 15m

—————————————-

T3 Setup Highlights

Setup #1 

6.24.16 - Trend #1c - NQ.YM setups

Setup #1 /#2

6.24.16 - Trend #2a - setup NQ

Setup #3

6.24.16 - Trend #4 - NQ setup

Setup #4

6.24.16 - Trend #6a - Setup NQ

Setup #5

6.24.16 - Trend #7a - Setup NQ

Setup #6

6.24.16 - Trend #8a - Setup NQ

—————————————-

RTH Closing Charts

 

  • Volume well above average.
  • Four hour TREND – ALL Downside.
  • Price below 200ma on NQ; ES/YM in the 50/200 gap.
  • Open gaps remain both above and below.
    • ES closes downside gap @2039.75

6.24.16 - Big Pic Post-Market

Top Row: Daily chart with supporting 50/200ma and volume based on a 60 day moving average

Bottom Row: 4 hour chart. T3 moving averages. 50/144ema. 

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One thought on “Trading Session Focus (Week 25)

  1. Pingback: Futures, ETF’s & Market Cap Leaders (6.26.16) | TradingFibz

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