Week 49 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

12-05-16-nq-globex

  • Trend #1/Setup #1
  • POST-Italian Referendum
    • Indices rally upside in Euro session
    • ES forms open gap downside
  • Crude rally and pullback off 10.19.16 high
  • Gold/Bonds recover globex downside move
  • Overall Indices Trend:
    • Globex: UPTREND
    • US Session: DOWNTREND

———————————————–

Tuesday

Chart of the Day

12-06-16-es-full-session

  • Market Fizzled Out
  • Tug and Pull AM session gave out with nowhere to go.
    • Indices duked it out
    • NQ leading downside; ES pulls it back in with YM lagging
    • Range bound session
    • Used alternate Trend pattern in conjuration with HA bars for setups (see NQ below)
  • Crude drop recovers
  • Gold/Bonds chop
  • Euro – 1 solid trend setup
  • Overall Indices Trend:
    • Globex: CHOP
    • US Session: CHOP

12-06-16-nq-cm-trend-lines

Webinar by Jedi Trader EC: Click Here

Trend candles: Click Here

———————————————–

Wednesday

Chart of the Day

2016-12-07-ym-trend-up

  • Relentless Uptrend
  • Dow Transports lead the charge
    • YM finally leads the indices after lackluster price action last several days
    • ES/NQ follow suit
  • Crude – EIA draw – choppy price aciton
    • Closes out downside gap
  • Gold – Globex drop and pop
  • Bonds – Rally up
  • VIX drops to lows – sub 12 today
  • Pre-ECB meeting
  • Overall Indices Trend:
    • Globex: Chop & Drop
    • US Session: UPTREND

nasdaq

NQ Technical Outlook

———————————————–

Thursday

2016-12-08-6e-globex

Chart of the Day

  • CHOP with Volatile Pockets of Trend
  • ECB meeting results – continue bond purchase through 2017
    • 6E/M6E downside – solid trend of the day
  • Indices volatile chop
    • Post run up of prior session
    • YM/ES pop mid-session to only fall back
    • Volume splitting as contract rollover looms
  • Overall Indices Trend:
    • Globex: FLAT/CHOP
    • US Session: CHOP

———————————————–

Friday

Chart of the Day

12-09-16-es-ym-pm-session-runup

  • Market Rally Continues
  • YM soars; pulls ES; NQ drags
  • GC/6J/6E downside
  • Crude chops
  • Volume shift to March contract on indices
  • FOMC/Quad Witching as we head into next week
  • Overall Indices Trend:
    • Globex: FLAT
    • US Session: Strong Uptrend

Recommended Read

chimp-paradox

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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