Week 32 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: 25 setups;  721 Ticks NET  ( NQ: 361 | ES: 119 | YM: 241) 

Markets Traded 

  • YM, ES, NQ (RTH)

Additional Focus in Video Outlook/Recaps

  • CL, 6E. GC, VIX, VXX

Econ Data

  • Labor Market Conditions: POSITIVE
  • Productivity & Costs: NEGATIVE
    • Working more but no increase in production
  • Wholesale Trade: POSITIVE
  • MBA Mortgage Apps: POSITIVE
  • JOLTS: INCREASE
  • EIA: INVENTORIES UP (decrease from previous week)
  • Treasury Budget:  NEGATIVE 
    • Jobless Claims: DECREASE 
  • Import/Export: NEGATIVE (Y/Y)
    • Import: POSITIVE (decrease from previous M/M) 
    • Export: NEGATIVE (increase form previous M/M)

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.

  • TEN key technical points for the highest probability of technical momentum. Not 100% guarantee, but a solid strategy that works for me.

Percent Predictor 2

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.

  • YM

8.11.16 - Trend #2c - setup - YM

  • CL

2016-08-12 - CL


Daily Recap/Outlook Videos: 

Monday

  • NQ:  26 Ticks (2/24)
  • ES:  11  Ticks 

———————————————–

Tuesday

  • NQ:  105 Ticks (36/45/24)
  • YM:  54 Ticks 
  • ES:   36 Ticks (12/24

———————————————–

Wednesday

  • NQ:  74 Ticks (-32/95/11)
  • YM:  74 Ticks 
  • ES:   24 Ticks (15/9)

———————————————–

Thursday

  • NQ:  90 Ticks (74/13/3)
  • YM:  82 Ticks 
  • ES:   28 Ticks

———————————————–

Friday

  • NQ:  66 Ticks 
  • YM:  31 Ticks (7/24)
  • ES:    20 Ticks (12/8)

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

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s