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.
- Choppy, volatile price action
- Higher time frames kept you out of false setups/noise
- Holding around previous session VPOC; NQ leading upside
- VIX closes out @ 12.81 (UP)
- Core Sector List: 17 GREEN; 8 RED
- Economic Highlights
- Home Sales: Down
- EIA: Build
- Sears, JCrew: numbers not lookimg good
- Payless: filing for bankruptcy
- London Terrorist Attack
- Health Bill
- Pre-market Trend Outlook: Click Here
- Overall Indices Trend:
- Globex: CHOP
- US Session: CHOP
Charts of Interest
Charts posted in sequential order of trading session
......view commentary on charts above posted intraday via Twitter
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 ...