Week 43 RECAP

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. You are recommended to make appropriate inquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any reference published here. Past performance is not necessarily indicative of future results.


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. 

Markets 

  • YM, ES, NQ (RTH)

Additional Focus in Video Outlook/Recaps

  • CL, GC, ZN, 6E, EMD, 6J

*Results will vary for each individual trader based on market entry/exit and/or live versus simulated environment. 


TREND 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.

core-chart-4

  • Great example of how using the higher time frames, with ALL charts in sync and price action  with the  T3-50/Heikin-oKu cloud, a higher probability of momentum following through in TREND 

10-24-16-nq-globex


Daily Recap/Outlook Videos: 

Recap reflective of highest probability setups based on price action crossover of T3-50 and 50/144ema cloud with 1 of 4 possible trade management setups and exit strategies. Market order entries/exit will vary whether simulated or live for each trader. All setups are called out on real time charts in a screenshare room and randomly posted online.

———————————————–

Monday

  • Room Closed

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Tuesday

Chart of the Day

10-25-16-es-setup-1

  • Pre-AAPL Earnings
  • Choppy to 1 single trend in AM session; PM chop
  • Smaller time frames worked well for rnage bound setups
  • Open Gaps on YM/ES closed
  • Fib targets dowsnide HIT
  • 6E/GC good trending sessions
  • CL back down under 50
  • Overall trend of the day: DOWNSIDE (CHOP, DROP & CHOP)

———————————————–

Wednesday

Chart of the Day

2016-10-26-3-index-pop-2

  • POP & turnaround DROP Trend
  • Volatile start to the session – drop to lower time frame
  • Post APPL earnings – Stock not so hot
  • Crude weekly data with a draw; price drops?
  • Pre-GDP on Friday
  • Overall trend of the day: FLAT (CHOP, POP and DROP)

———————————————–

Thursday

Chart of the Day

10-27-16-es-to-the-globex-lo

  • AM session drop on high probability trend setup
  • GOOG earnings: Good numbers
  • AMZN earnings: Misses EPS
  • APPL Live event: MAC updates
  • Previous session lift taken back plus some
  • Globex price action POP wiped out on US RTH open. 
  • Daily Big Pic remains consolidated
  • Overall trend of the day: Downtrend (DROP and CHOP)

———————————————–

Friday

Chart of the Day

10-28-16-es-post-lunch-drop

  • News related event spurred selloff
  • Volatility chop after initial drop
    • Best option to take off 1st contact sooner or In/Out on hihger probability setups
    • Don’t throw out trade management – stick to the trading plan.
  • GDP – 1/3 of data Soybean exports.
  • Iran/Iraq not to partake in Oil halt – CL drops
  • FOMC next week – not expecting surprise
  • NFP next week.
  • Big Pic remains consolidated and  ebbing to the downtrend for the short term.
  • Overall trend of the day: FLAT (POP, DROP, POP & CHOP)

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

Manual Cover

e-Manual available on teaching this trading strategy.

Real-time charts shared daily in screenshare room.


Government Required Risk Disclaimer and Disclosure Statement

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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