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Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#48 THU & FRI
11.29-30.2018
THU
Took pullbackiSwingL2728 T2761 with tight stop pre-FOMC Minutes; would take profit depending on PA in OverNigh or European session. Note: @2727.50 2018's POC has to holdUp for higher high.
FRI Took profit when failedBO @2743 ONHigh
Re-entered (near VAL and preMarket's low 2729) iSwingL2731.50 with stop below 2727.
Will hold as swing position for next Monday with bullish bias for 1stDoM.FirstDayOfMonth.
(see Intraday charts)
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#48 THU & FRI
11.29-30.2018
THU
The "counter trend" that counted and allowed... iSwingS2753.50
1. Failed BO of 2755 previous High after FOMC Minutes pop, similar to last FOMC selloff day.
2. Purple ABC triangle T161.8% @2749.50 hit
3. Potential H&S is forming
4. Potential retesting point BO @2692 of Wednesday's squeeze, near hwb50%L2680 T2788
5. @3pmET Reversal time frame
FRI
LDOM.LastDayOfMonth bullish bias when preMarket bought VAL and NYSE Open with Buyers grind price higher-- @9:35amET Increased selling volume but price not going down lower (see Intraday charts).
Always treat "counter trend" trade as scalp instead of swing until proven otherwise...
Signal was given, no choice but to abort this potential "counter trend" failure even though Asia and European sessions were selling;
NYSE session was still The "Boss" with BIG Money...
As a newbie, take action... take it quickly without hesitation!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
It's when Big Boys rebalancing and hedging at MOC=Market On CLose.
I learned about it from Marlin Cobb at mrtopstep.com "Accumulation of the MOCs.
At 3:45 pm ET, the NYSE broadcast the stock imbalances for the pending MOC order. For us MiM traders, we refer to this time as the Reveal. For the previous hour and a half, we have been predicting how this number will look by adding up early imbalance indications which only become real orders and announced at that time. "
However, I started tracking at 3pmEST when Bond Market Closed to see which direction Bond traders push last hour of trading in ES Market (see intraday chart attached).
As a newbie, always remember that Markets will usually have big moves or higher volatility on the last and first trading days of the month.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
Saturday 12.01.2018
What the heck is "DoNothingDay"?
"Nothing" in term of trading related activities, tasks... It's alright to sleep all day; but do enjoy a McDonald's McRib instead of a usual Jimmy Dean's frozen Croissant breakfast.
The McRib Is Back and You Can Have It Delivered https://www.foodandwine.com/news/mcrib-return-2018-delivery-ubereats
Do clean house, laundry, and take time to cook a gourmet meal.
Don't cook? Don't have a thoughtful sister who does groceries shopping and preparing home-cooked meals for next week?
Have no fear, check out this link for CHEF-COOKED, DELICIOUS MEALS DELIVERED TO YOUR FRONT PORCH. https://frontporchpantry.com/
As a newbie, be sure to take a "DoNothingDay" to rest and re-charge, and be ready for weekend homework, next.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Check emails, surf social media, catch-up with recorded webinars.
Skim through headlines but don't read the news.
Update & redraw Fibs retracements or ABC triangles for all charts--how many charts would depend on how many instruments.
Could be a time-consuming task before lunch; so have a good lunch before reviewing weekly chart-journals, next.
As a newbie, make a good habit of doing weekend homework for weekly & monthly routinely. --Do listen to music, or music video as well.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#48
As of 11.29.2018
Chart #1 preFOMC Minutes with 200SMA @2723 holdingUp
Chart #2 postFOMC Minutes failed BO of @2755 previous High
Chart #3 bearish Gartley pattern is in the picture with higher target. Therefore, blue Bearish Cypher pointD @2775 would be a potential failure, especially on last and first trading day of the month.
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
W#49
Weekly Back-up Trading Plan
Just read an article from TopStepTrader stating that Tracy Shuchart, a long-time oil trader, says frequently that you need a plan, a back-up plan and a back-up to the back-up plan.
Perfect for this Sunday GapUpOpen 30 points that passed bearish Cypher ptD T2775 in nano-second. No surprise, right?
Friday's Daily chart is confirming the break-out of DTL.DownTrendLIne, not to mention all green candles since Double Bottom with potential "W" pattern in the making to retest @2820-2825 NeckLine.
Notes: As of MON 12.03.2018
rollSwingS2812.50 Trail Stop above 2825 NeckLine
iSwingL2731.50 Took Profit when too Overbought & Failed BO & SellOff @4amET and @9:30amET
iSwingL2775.75 hwb50%L2772 T2837 (anchor @2729YLow)
Trading: ES+MES+TechStocks as of 2022 Previous: ES GC CL [4MES2ES as of 2019MAY] and [4MGC2GC as of 2021JAN]
Posts: 454 since Jul 2014
Thanks Given: 281
Thanks Received: 389
M#12 DECEMBER
MON 12.03.2018
Monthly TradingPlan for MAR2019 Rollover
Enjoy this What's Up song...
"Hey, Hey... and I said: Hey, what's going on?"
Just early plan for Quarterly Rollover.
THU 12.06.2018 DoR-5
THU 12.13.2018 DoR
THU 12.20.2018 DoR+5
I trade five days before and five days after Rollover Day aggressively.
Total concentration and focus--meaning no phone, no social media, no emails. no happy hours... during RTH.RegularTradingHours.
Just "Eat, Sleep, Homework, and Trade" - everyday is a groundhog day!
Therefore, may not able to update daily, but will take time to document this quarterly rollover process and post results over the weekend.
As a newbie, do practice in SIM to gain experience because it's definitely a confusing rollover process.
Hope that this song is really perfect to "lift" yourself up!
Find the missing piece of the puzzle... Let's be amazing, be awesome in trading today!
iTS