Week 46 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

11-14-16-gc-mid-session-pop

  • Pockets of Trend with Chop
  • Higher time frames to keep you out of noise; smaller time frames for scalp – Tough choice.
  • Draghi press conference/ Multiple Fed Speakers – Rate hike uncertainty?
  • Divergence in indices:  NQ Downtrend; YM/ES Uptrend pullback
  • Crude remains in a spiraling downtrend
  • With election over; rate hike and economic unpredictability, markets short term pic is anyone’s guess.
    • Till the market finds some direction, higher time frames intraday to avoid the volatility
  • Overall trend of the day: FLAT (DROP and POP)

———————————————–

Tuesday

Chart of the Day

11-15-16-es-pre-bond-close

  • NQ solid AM Trend; ES/YM lead in PM session
  • Divergence on 3 indices settles as all three find footing to the upside.
  • YM leading index to the upside
  • Watch for Globex session to continue trend
  • YM/ES at potential pullback levels
    • YM in reach of 19K
  • CL opens up daily gap downside
  • Cisco earnings/ Fed speakers/EIA for Wednesday
  • Overall trend of the day: UPTREND 

———————————————–

Wednesday

Chart of the Day

11-16-16-cl-crude-report

  • Globex drop to US pop and chop
  • “Overbought” conditions on ES pullback in Globex session
  • Lower time frame opened up more setups today in the chop.
  • YM – like a dead fish in water today
  • NQ – powerhouse AM move and chop into Murray “Overbought/Resistance” levels
  • CL – News related boost after econ data build in inventory
  • Key is watching the higher time frames and splicing in on range chart
    • Prime example today on the ES (see charts below)
  • No gaps formed or closed
    • Open gap levels of concern downside on ES/YM where NQ already closed
  • Overall trend of the day: 
    • Globex: Downtrend
    • US Session: UpTrend

———————————————–

Thursday

Chart of the Day

11-17-16-gc-pm-session

  • Low Volume; Rising Price action
  • Indices rise; CL/GC/ZN slide
  • Best option to go to lower time frame for more setups on indices
  • NQ relentless push upside at a snails pace through multiple resistance lines after AM chop
  • Yellen; Multiple Fed speakers 
  • Overall trend of the day:
    • Globex: FLAT
    • US Session: FLAT to slight Uptrend

———————————————–

Friday

Chart of the Day

11-18-16-nq-am-resistance-3

  • Slow grind downside
  • Indices slide after initial uptick
  • Big Pic: Relentless move upside with serious open gaps downside
  • Fed Speakers
  • Best option to go to lower time frame for more setups on indices
  • 6E best trending to the short
  • Observing and tweaking Murray level charts as seen below
  • Overall trend of the day:
    • Global: Chop
    • US Session: Downtrend

Recommended 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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