Trade Strategy 11.09.15

Markets

The dollar ceded some ground to the euro as traders took profits on Monday, after robust U.S. employment data prompted more investors to bet on an interest rate hike in December. The U.S. nonfarm payrolls report on Friday showed a rise of 271K new jobs last month, far exceeding the 183K economists had predicted, sending the dollar to its highest level since mid-April. U.S. Dollar Index -0.1% to 98.98. Euro +0.4% to $1.0783

Today’s Economic Calendar

10:00 Labor market condition index
12:30 PM TD Ameritrade IMX

PTG Trading

Friday’s Session Cycle Day 1 (CD1) played out as expected, NORMAL SPILL DOWN probing for new secure low. Price tested the 2077.50 YELL to the tick…We had outlined this level in Scenario 2 of DTS Report 11.06.15.Scenario 2: IF price violates and converts 2091.50 SPOT, THEN downside projects 2084.50 – 2082.00 STATX Zone. Below this zone opens door to test 2077.50 YELL.”

Overnight trade has price backing off from high resistance 2095.50 SPOT. Key support marker to test on any pullback is 2083.00 SPOT.

Today is Cycle Day 2 (CD2)…NEUTRAL SPILL UP…Odds of Rally > 10 = 84%; Odds of Rally > 20 = 45%; Average Range = 14.50; Max Average Range = 22.50; Average Cycle Target = 2111.50; Possible HOD = 2107.75; Possible LOD = 2066.25.

***Note: The odds highlighted are NOT predictions or trade recommendations, rather a guide based upon historical observed occurrences.

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Today’s Hypotheses: December (Z) Contract

*****The levels outlined below are more general framework within a larger range…They are to be used are reference prices from which to consider trade opportunities, not hard trade levels.

Scenario 1: IF price can hold 2083.00 SPOT on pullbacks, THEN odds (84%) favor continued rally attempt that began on Friday. Initial upside targets retest of 2095.50 – 2097.00 zone. Strength above this zone and conversion of PH (2099.00) opens door to reach 2100.75 – 2103.25 STATX Zone objective.

Scenario 2: Some back n fill is anticipated on CD2…Pullbacks are anticipated to illicit a buy response at or near 2083.00 SPOT. Should this fail to materialize, then lower objective for Bears targets retest 2077.50, CD1 Low. Violation and conversion of this level targets 2066.25 CD2 Violation Level.

Trade Strategy: Our tactical trade strategy will simply remain unaltered…We’ll be flexible to trade both long and short side from Decision Pivot Levels. Continue to focus on Bull/Bear Stackers and Premium/Discounts. As always, remaining in alignment with dominant intra-day force increases probabilities of producing winning trades.

Stay Focused…Non-Biased…Disciplined  ALWAYS USE STOPS!

Good Trading…David

“Knowing is not enough, We must APPLY. Willing is not enough, We must DO.” –Bruce Lee

*****This trade strategy report is disseminated for “education only” and should not be viewed in any way as a recommendation to buy or sell futures products.”

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS

IMPORTANT NOTICE! No representation is being made that the use of this strategy or any system or trading methodology will generate profits. Past performance is not necessarily indicative of future results. There is substantial risk of loss associated with trading securities and options on equities. Only risk capital should be used to trade. Trading securities is not suitable for everyone. Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but they also have large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, options, or currencies. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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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