Week 51 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

12-19-16-nq-am-trend

 

  • 5 day Consolidation – Nothing to write home about 
  • NQ leads, ES follows, YM lags
  • NQ with a solid two trend setup 
  • Crude chops
  • Euro drops
  • Yen Pops and retrace
  • News
    • Yellen speech – not much to move markets
    • Electoral college votes – Trump certified as next POTUS
    • Berlin terrorist attack
  • Charts
    • Added a T3-89ema
    • MML intraday charts at 1m
    • Preference to watch larger time frames; 15m and up
  • Overall Indices Trend:
    • Globex: Chop
    • US Session: Chop

———————————————–

Tuesday

Chart of the Day

12-20-16-m6e-am-session

  • CHOP Fest
  • Indices run up in globex, inside range, LOW VOLUME.
  • YM forms new gap downside @ 19860
  • AD line on NQ holds at 75 – high of session; upper right chart

2016-12-20-ad-lines

  • Dow closes in on 20K
  • Volume decreases
  • Gold/Yen drop
  • Euro drop and recovers
  • News
    • Nothing significant
  • Charts
    • Noted price action chop inside T3-50/89ema

12-20-16-nq-setup-1

MML 1 minute charts – 2 overlapping settings – 64 and 256

2016-12-20-nq-mml-2-charts

  • Overall Indices Trend:
    • Globex: Uptrend
    • US Session: Chop

———————————————–

Wednesday

Chart of the Day

12-21-16-m6e

  • Range Bound on Low Volume
  • Indices continue to drop in volume and remain in a small range
    • Opportunity to drop down in time frame
  • Crude drops
    • EIA data – Build
  • Gold/Yen chop
  • Euro uptrend
  • News
    • Pre-GDP on Thursday
  • Charts
    • No updates
  • Overall Indices Trend:
    • Globex: CHOP
    • US Session: DOWNTREND CHOP

———————————————–

Thursday

Chart of the Day

12-22-16-nq-am-session

 

  • Smooth, Slow Trends
    • YM closes out downside gap – NO 20K yet!
    • NQ leads selloff, ES follows & closes near the open
    • Crude recovers, Gold/Yen chop, Euro – “V” move
  • Economic Highlights
    • GDP up
  • News
    • Carl Ichan interview on CNBC
      • short term concern
  • Charts
    • Bigger time frame charts on the MML hold to the levels 
    • Observed a 270ema on the 50/144ema 
    • AD lines stall the momentum downside
  • Overall Indices Trend:
    • Globex: CHOP
    • US Session: DOWNTREND

———————————————–

Friday

Chart of the Day

2016-12-23-ng-to-reversal

  • Low Volume, 2 Trend Session
    • Indices find traction in PM session
    • NQ leads to the upside; ES  follows; YM lags
    • Power trend of the day goes to the NG (click on image to enlarge)

2016-12-23-ng-to-reversal

  • Economic Highlights
    • Consumer Sentiment
      • Doesn’t seem to be much hope for wage gains.
      • Confidence during November didn’t translate into stronger consumer spending
  • News
    • UN passes resolution to end Israel settlements
  • Charts
    • Range bound session kept to the MML levels
  • Overall Indices Trend:
    • Globex: CHOP
    • US Session: UPTREND

Recommended Read for December

daily-trading-coach

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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