Trading Session Recap (Week 16; Day 2)

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
      • AM session: Trended upside, NQ/ES turned at MML highs
      • PM session: NQ to Globex Lo, ES to ADR Lo and back upside
    • VIX closes out @ 14.42
    • Core Sector List: 13 GREEN; 12 RED
  • Economic Highlights
    • IBM earnings: EPS up; Revenues down
    • Housing Starts: Misses the mark
    • Industrial Production: Up, Manufacturing down
  • News
    • Toying with N. Korea that USA will shoot down missile tests
    • UK calls for new elections
  • Charts
  • Overall Indices Trend:
    • Globex: NET SHORT
    • US Session: BALANCED

Charts of Interest

Charts posted in sequential order of trading session



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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 ...

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Comments

Pre-Market Trend - Week 16; Day 2

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 ...

Read More
Comments

Trading Session Recap (Week 16; Day 1)

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 ...

Read More
Comments

Pre-Market Trend - Week 16; 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 ...

Read More
Comments

Trading Session Recap (Week 15; Day 1)

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 ...

Read More
Comments

Pre-Market Trend - Week 15; 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 ...

Read More
Comments

Technical Momentum Outlook - Week 15

the-big-picture-2

Market indices, unable to hold in week 14 (recap which may be (found here) to the mid week rally, end up finishing the week downside and unable to close above the weekly open. While the ongoing uptrend holds above each ...

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Comments

Week 14 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 ...

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Comments

Trading Session Recap (Week 14; 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 ...

Read More
Comments

Pre-Market Trend - Week 14; Day 5

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 ...

Read More
Comments

Trading Session Recap (Week 14; 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 ...

Read More
Comments

Pre-Market Trend - Week 14; Day 4

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 ...

Read More
Comments

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David is the real deal. He does what he says and says what he does. No magic formulas or indicators here. He really has stripped trading down to something so basic that anyone can understand it. Ea...
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