Week 31 RECAP

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

Good trading is always going back over the trading WEEK 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.

Weekly Total: 32 setups;  1130  Ticks NET  ( NQ: 687| ES: 147 | YM: 306) 

Markets Traded  

  • YM, ES, NQ (RTH)

Additional Focus in Video Outlook/Recaps

  • CL, 6E. GC, ZS
  • Market Cap Leaders
  • FX Pairs

Econ Data

  • ISM: NEGATIVE
  • Personal Income & Outlays: FLAT
  • Mortgage Apps: NEGATIVE (increase from last time)
  • ADP Employment: POSITIVE
  • ISM (non-mfg): NEGATIVE
  • Crude: POSITIVE (decrease from last number)
  • BOE: CUTS RATE
  • Jobless Claims: INCREASE
  • Factory Orders: NEGATIVE
  • NFP: POSITIVE (decrease from previous #)
  • International Trade: NEGATIVE

Chart of the Week 

Looking for the chart of the week means looking for what I call the Golden Setup or simply which chart had the highest probability of price action running in TREND. Whether it ran 20 or 100 ticks, it’s the patience to wait for that setup and trust the entry. This is what I strive each day in the market to wait for in each of my setups.

  • Great example of how using the higher time frames, with ALL 5 charts in the GREEN and price action above the 50/144ema and T3-50ema, higher probability of continued momentum was greater.

8.05.16 - Trend #1


Daily Recap/Outlook Videos: 

Monday

  • NQ:  59 Ticks (-30/33/26)
  • YM:  42 Ticks
  • ES:    15 Ticks 

———————————————–

Tuesday

  • NQ:  142 Ticks (43/50/10/39)
  • YM:  34 Ticks 
  • ES:   18 Ticks 

———————————————–

Wednesday

  • NQ:  84 Ticks (36/24/24)
  • YM:  48 Ticks (24/24)
  • ES:   40 Ticks (12/12/16)

———————————————–

Thursday

  • NQ:  213 Ticks (32/100/60/11)
  • YM:  24 Ticks 
  • ES:   27 Ticks (27/0)

———————————————–

Friday

  • NQ:  189 Ticks (26/163)
  • YM:  158 Ticks
  • ES:   47 Ticks (12/35)

One Simple Strategy. ANY market. ANY chart. ANY time frame.

Manual Cover

e-Manual available on teaching this trading strategy and live trading room/screenshare

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