Trading Session Recap (Week 7; 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, CL, GC, 6E, 6J 

*Results will vary for each individual trader based on market entry/exit and/or live versus simulated environment.


Recap/Outlook Video: 


Session Highlights

  • Markets
    • Indices bounce off Globex lows and never looked back
      • NQ roars, pulling ES/YM
    • Euro solid Trend to the SHORT
    • VIX closes out @11.49 (DOWN)
    • HFXAX: DOWN
    • Core Sector List: 19 GREEN; 6 RED
  • Economic Highlights
    • Leading Indicators: UP
    • Kraft/Heinz bid for Unilever
    • Softbank looking to give up SPRINt to entice TMobile
    • SPY Monthly Options close out at 235
  • News
    • POTUS TRUMP speech @BOEING
  • Charts
    • Pre-market Trend Outlook: Click Here
    • NQ great example today of where trade management supersedes strategy when in a setup, even when the probability of following through looks good. What may end up trending today, may reverse on you the next setup or tomorrow.
    • nq-recap-2
  • Overall Indices Trend:
    • Globex: DOWNTREND
    • US Session: UPTREND

Charts of Interest

Charts posted in sequential order of trading session

This slideshow requires JavaScript.

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……view commentary on charts above posted intraday via Twitter


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.

M6E

2017-02-17-m6e-full-session

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NQ

2017-02-17-nq-pm-session

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ES

2017-02-17-es-full-session

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YM

2017-02-17-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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