Trading Session Recap (Week 44; Day 4)

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 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 setup 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)

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


Session Highlights

  • Mid-session Trend mixed with AM/PM scalp 
  • Crude selloff; Gold Uptrend
  • SBUX/GPRO earnings
    • GPRO shares halted: Poor results
  • Non-Farm payrolls next up
  • No new open gaps
  • Watch for the overnight to continue trend
  • BIG PIC confirmed downtrend on ALL 3 indices on 4hr.
    • If price action pulls back, watch for 50/144 cloud resistance
    • Watch for daily gaps downside and intraday levels
  • ES taps 200ma
  • Overall trend of the day: Downtrend (CHOP and DROP)

Charts of Interest

  • CL; strong trend to the downside under the cloud

11-03-16-cl-trend-continued

  • GC; strong trend to the upside.

11-03-16-gc-trend-2

  • NQ: Setup looks great and may get you some ticks but with the AD line stalled at the pivot; sometimes best to just wait until the breakout downside.

11-0316-nq-ad-line-at-pivot

—————————————-

……view additional charts posted intraday via Twitter

—————————————-

Setup Highlights

Setups 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.

NQ

AM Session

11-03-16-nq-mid-session

PM Session

11-03-16-nq-pm-session

——————————–

ES

Full Session

11-03-16-es-full-session

——————————–

YM

Full Session

11-03-16-ym-full-session


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.

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