Trading Session Recap (Week 17; Day 1)

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.  The lower the day trade margin, the higher the leverage  and riskier the trade. Leverage can work for you as well as against you; it magnifies gains as well as losses. 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
      • GAP RULE’s apply 
      • AM Session: Choppy start with MML high and/or Globex high resistance with slight pullback – No open gap chase
      • PM Session: No gap close, market reverts back upside around bond market close
    • Crude and 6E trend off MML levels
    • VIX closes out @ 10.84
    • Core Sector List:  12 GREEN;  13 RED
  • Economic Highlights
    • Market confident of French political stability that won’t rattle the EU
  • News
    • Holocaust Memorial Day – in memory to ALL those that perished in WW2 in the concentration camps and throughour Europe
    • Healthcare vote back in the news
    • Syrian Sanctions
    • Border Wall funding
    • North Korea taunting US
    • Government shutdown looms?
  • Charts
  • Overall Indices Trend:
    • Globex: GAP UPTREND/NET LONG
    • US Session: CHOP – Remained in 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 the 5/34ema in sync with the 50/144ema cloud using 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.

NQ

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ES

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YM


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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