Week 44 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 Charts of the Week 

Looking for the chart of the day 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 examples below of how with ALL charts in sync and price action  with the  T3-50/Heikin-oKu cloud, a higher probability of momentum following through in TREND 

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.

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Monday

Chart of the Day

10-21-16-cl

  • Low Volume Monday
  • Trending Sunday open upside leaves us flat for the session
  • Scalping or lower time frame fared better
  • Presidential election uncertainty
  • Heavy week for econ data
  • CL forms open gap upside
  • Indices Big Pic remains consolidated with a lean on the 4hr chart to the downtrend.
  • Overall trend of the day: FLAT (DROP and CHOP)

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Tuesday

Chart of the Day

11-01-16-es-still-in-trend-2

  • SUPER TREND
  • GC and 6E globex trend strong to the upside
  • 3 indices sell off with mid session setups stronger
  • ES – 1 solid trend downside for a good part of the day
  • Pre-election uncertainty ensues. 
  • VIX, UVXY running up
  • ISM manufactruring data diussapoints
  • YS/ES closes out gaps
  • Overall trend of the day: Downtrend (DROP and POP)

———————————————–

Wednesday

Chart of the Day

11-02-16-gc

  • Scalp Session mixed with several TRENDing setups 
  • FOMC announcement & FB earnings
  • Pre-election uncertainity
  • SBUX earnings, BOE announcement tomorrow; NFP on Friday
  • Daily Big Pic on the 3 indices remains downside.
    • 4hr charts downtrend with the Daily 200ma in the scopes.
  • Overall trend of the day: Downtrend (CHOP, DROP, POP, DROP and CHOP)

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Thursday

Chart of the Day

11-03-16-gc-trend-2

  • 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)

———————————————–

Friday

Chart of the Day

11-04-16-nq-es-chart-of-the-day

  • AM volatility turns to PM selloff
  • Non Farm Payrolls release – nothing exciting; revised prior months
  • Cubs parade far more exciting!
  • CL news related event sends it in both directions.
  • No new open gaps formed or closed today
  • 4hr incides charts remain in a downtrend
  • ES holding at the 200ma; NQ/YM inside the 50/200 gap
  • Pre-election uncertainty heating up
  • Overall trend of the day: DownTrend (CHOP, POP & DROP)

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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