Week 45 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.

———————————————–

Monday

Chart of the Day

11-07-16-nq-am-session

  • NO SESSION

———————————————–

Tuesday

Chart of the Day

11-08-16-3-index-pop

  • Relentless TREND continues off of Monday’s price action
  • Major open gap opened on Monday’s open on major indices.
  • PM setups on indices strongest on Es/NQ
    • Take AM trend, pocket ticks and sit out scalp PM session
  • CL flat session
  • Pre-election uncertainty drawing to an end.
  • Price action back above cloud on 4hr charts
    • NQ at the 144ema
  • YM above daily 50; ES/NQ stall at 50ma
  • Be ready for  election results ALGO dominance on the technical setups.
    • Higher time frame recommended.
  • Overall trend of the day: UPTREND (POP, DROP and CHOP)

———————————————–

Wednesday

Chart of the Day

11-09-16-es-pre-election-results

  • Trump wins Presidency; Violent Whip in Price action
  • Limit down on election night reverses overnight to all time DJIA highs
    • ES: 124 Point Drop; 138 Point Pop
  • My Recommended Tweet: “Higher time frames if you are going to play in the sandbox.”
    • Best advice for the entire session
  • Crude report takes a back seat on a build in supply
  • KEY to today’s price action was to remain in the higher time frame
  • Uncertainty only in rate hike at this point
  • Open Gaps closed upside on ES/YM;
    • Major open gap downside from Monday open
  • Large Volume on 3 indices
  • $DJIA hits ALL TIME HIGH
  • Price action above 50/144ema on 4hr downtrend charts
  • Daily 50ma; NQ @ma level, ED/YM break above
  • Overall trend of the day: UPTREND (POP, DROP and POP)

———————————————–

Thursday

Chart of the Day

11-10-16-nq-end-of-run-and-back-up

  • NQ – Leading Index for the Session
  • NQ closes out Monday open gap with a 146 point drop.
  • FANG stocks take a hit
  • ES closes outside GAP and YM remains strong to the upside.
  • Market internal AD lines show resistance and range bound session.
  • Crude remains quiet.
  • GC – Solid trending session.
  • Used a 15 tick flex renko; Best to take AM ticks and not trade the PM session. 
  • Overall trend of the day: MIXED (NQ: Down; ES/YM: Up)

———————————————–

Friday

Chart of the Day

11-11-16-gc-am-trend

  • 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)

Weekend Read

dual-momentum

Website


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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