Trading Session Recap (Week 45; Day 5)

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. 


Recap/Outlook Video: 

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


Session Highlights

  • Quasi Holiday Session – Chop with pockets of Trend
  • Majority of session range bound
  • ES/YM 4-hr chart @indecision 
  • NQ 4-hr chart resistance @ T3-50/50ema
  • Indices Big Pic struggle as bonds sell off and dollar lift 
    • NQ bring ES/YM down off highs or vice versa?
  • CL forms open gap on downward trend
  • Overall Index trend of the day: FLAT (DROP and POP)

Charts of Interest

  • GC; Best TRENDing setup of the session at US open

11-11-16-gc-am-trend

  • NQ; Setup to the uptrend with the AD line stall on the right chart – a good place to exit 

11-11-16-nq-reject-at-ad-line

  • NQ; Yet another example of price action in TREND withe the AD Pivot line.

11-11-16-nq-breakout-to-the-pivot-and-globex-high

  • ES; Setup on breakout of the cloud and T3-50. 

11-11-16-es-breakout-in-sync-with-mm

  • ES; In combination with the above chart, Murray Math chart in sync off the lows.

11-11-16-es-mm

  • NQ; Setup on breakout of the cloud and T3-50 to the AD line Pivot

11-11-16-nq-ad-line-resistance

  • NQ; In combination with the above chart, Murray Math chart in sync off the lows.

11-11-16-nq-mm

  • 3 index pop #1; Core charts in sync.

11-11-16-3-index-pop

  • NQ; Last setup to the 50ema

11-11-16-nq-last-setup

  • 3 index pop #2; Core charts in sync.

11-11-16-3-index-pop-at-session

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……view additional charts posted intraday via Twitter

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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

11-11-16-nq-am-session

PM Session

11-11-16-nq-pm-session

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ES

AM Session

11-11-16-es-am-session

PM Session

11-11-16-es-pm-session

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YM

Full Session

11-11-16-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.

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