Trading Session Recap (Week 34; Day 4)

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:   14 setups;  545 Ticks NET  ( NQ: 381 | ES: 106 | YM: 58 ) 


Econ Data

Reported as current release and in relation to (previous months data).

  • Durable Goods: POSITIVE (increase)
  • Jobless Claims: STEADY @ 260K (flat)
  • PMI Services Flash: FLAT  (flat)
    • ECONODAY: big third-quarter rebound that is widely expected

Recap/Outlook Video: 

Markets Covered: ES, YM, NQ, CL, GC, 6E, EMD, 6J, ZS, NG, PL, ZN


Daily Stats    

  • 1 Market  
  • 2 Setups.  
  • 84 Ticks
    • NQ:  Ticks (52/32)

Session Highlights

  • NQ/Setup #2
  • ES/Setup #3
  • YM/Setup #3
  • Overall trend of the day: FLAT 
  • Fib projections levels hit:
    • DOWNSIDE: ES (To the TEE!)
    • UPSIDE: YM

Full Session Chart

8.25.16 - Full Session


Trend Highlights

  • ES

8.25.16 - FS - TREND - ES

  • NQ

8.25.16 - FS - TREND - NQ

  • YM

8.25.16 - FS - TREND - YM

  • ZS

2016-08-25 ZS

—————————————-

Setup Highlights

Setup #1 

  • NQ

8.25.16 - Setup #1 - NQ

Setup #2

  • NQ

8.25.16 - Setup #2 - NQ

—————————————-

RTH Closing Charts

  • Volume:
    • ABOVE Average: NQ/ES
    • BELOW Average: YM
  • Price above 50/200 moving averages on all 3 indices
  • 4 hour Big Pic: UPTREND
    • T3 Moving Averages:
      • NQ: DOWNTREND 
      • YM: DOWNTREND 
      • ES:  DOWNTREND 
    • T3-50: 
      • ABOVE: 
      • BELOW: NQ/YM/ES
      • @ SUPPORT: 

8.25.16 - 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. 

———————————

Open Gaps

  • No gaps closed out today

8.25.16 - Open Gap Post-Market

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