Trade Strategy 2.6.17

Markets

ECB President Mario Draghi is set to give his regular testimony in Brussels, where he is expected to face questions on the central bank’s policy path, including when it might start to taper, or wind down, its €2.3T quantitative easing program. A recent rise in inflation has sparked fresh calls in Germany for a policy reversal from Frankfurt.

In Asia, Japan +0.3%. Hong Kong +1%. China +0.6%. India +0.7%.
In Europe, at midday, London +0.2%. Paris -0.1%. Frankfurt -0.4%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.1%. Crude +0.2% to $53.96. Gold +0.5% to $1226.90.
Ten-year Treasury Yield -5 bps to 2.45%

(Source: Seeking Alpha)

Economic Calendar 

8:30 Gallup US Consumer Spending Measure
10:00 Labor market condition index
12:30 PM TD Ameritrade IMX

PTG Trading

Price continued its rally reaching projected targets outlined in prior DTS Briefing 2.3.17“IF price clears and converts 2270 to upper support, THEN upside is open to 2285 – 2293 zone.”

Today begins a new Cycle Day 1 (CD1)…Normal is for some magnitude decline to unfold…Overnight trade is relatively quiet with price holding in a tight range between 2287.50 – 2294.25. Average Decline on CD1 measures 2279.60 – 2281.01 zone.

Range Projections and Key Levels

HOD  ATR Range Projection: 2303.30; LOD ATR Range Projection: 2278.45; Cycle Day 1 Low: 2268.25; 3 Day Central Pivot: 2278.00; 3 Day Cycle Target: 2309.82; 10 Day Average True Range: 15.80

**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: March 2017 (H) 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: Bulls need to convert PH (2294.00) to continue the current up swing targeting 2297.25 – 2300.00 STATX Zone. HOD Range Projection measures 2303.30.

Scenario 2: Bears need to convert ONL (2287.50) to initial resistance and then push for lower levels measuring 2282.25 – 2278 3 Day Central Pivot.

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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