Trading Session Recap (Week 36; 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:   9 setups;  363 Ticks NET  ( NQ: 279 | ES: 0 | YM: 84) 


Econ Data

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

  • European Union : ECB Announcement – ZERO
  • Jobless Claims: ABOVE 250K (decrease)
  • Bloomberg Consumer Comfort Index: ABOVE 40 (43.5 average for the year) (increase)
  • EIA Petroleum Status Report: DRAW – NEGATIVE (decrease)

Kenneth Polcari Newsletter Highlights

………in Asia – Nintendo surges 13% (after surging 28% in the US) after Apple announces that a ‘Super Mario’  app will be available in December…..It must be me…..Super Mario – really?  Is that what this has come down to?  Pokemon and Super Mario?

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    

  • 1 Market  
  • 4 Setups.  
  • 118 Ticks
    • NQ:  118 Ticks (20/11/11/76)

Session Highlights

  • Setup #4 – NQ
  • Contract Rollover on Sierra Charts – lower volume
  • Overall trend of the day: FLAT 
  • Fib projections levels hit:
    • DOWNSIDE: NQ; YM; ES
    • UPSIDE:

Full Session Chart

9-08-16-full-session


Trend Highlights

PreMarket

  • ECB announcement; 5 charts in the RED setup

9-08-16-premarket

NQ

  • NQ pattern on pullbacks in AM session; note the same pattern on the pullbacks

9-08-16-nq-pattern-on-pullbacks

  • Full Session

9-08-16-trend-nq

ES

9-08-16-trend-es

YM

9-08-16-trend-ym

—————————————-

Setup Highlights

9-08-16-nq-full-session

Setup #1 & #2

  • NQ

9-08-16-setup-1-and-2-nq

Setup #3

  • NQ

9-08-16-setup-3-nq

Setup #4

  • NQ

9-08-16-setup-4-nq

—————————————-

RTH Closing Charts

  • Volume:
    • ABOVE Average: 
    • BELOW Average: YM/NQ/ES 
  • 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: NQ
      • BELOW: YM/ES
      • @ SUPPORT: 

9-08-16-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

  • CL gaps closed today
  • YM/ES gaps formed today

9-08-16-open-gap-post-market

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