Trading Session Recap (Week 36; Day 2)

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:   4 setups;  201 Ticks NET  ( NQ: 117 | ES: 0 | YM: 84) 

Econ Data

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

  • Gallup US Consumer Spending Measure: UNDER $100 (decrease)
  • ISM Non-Mfg Index: ABOVE 50 (decrease)
  • Labor Market Conditions Index: NEGATIVE (decrease)

Kenneth Polcari Newsletter Highlights

The mkt remains closer to the highs than not (think no rate rise) – so another attempt at breaking up and thru 2200 is probably in the cards – (although I think not) – once investors decide that a rate rise is not coming….

CLICK HERE to read more of his daily newsletter and subscribe

Recap/Outlook Video: 

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

Daily Stats    

  • 2 Markets.   
  • 4 Setups.  
  • 201 Ticks
    • NQ:  Ticks (22/2/93)
    • YM: 84 Ticks 

Session Highlights

  • Setup #4 – NQ
  • Overall trend of the day: Slight UPTREND
  • Fib projections levels hit:
    • UPSIDE: NQ; YM; ES

Full Session Chart


Trend Highlights








Setup Highlights

Setup #1 & #2

  • NQ


Setup #3

  • NQ


  • YM


Setup #4



RTH Closing Charts

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


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/formed today



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