Trade Strategy 4.21.17

Markets
 
In Asia, Japan +1%. Hong Kong -0.1%. China flat. India -0.2%.
In Europe, at midday, London -0.1%. Paris -0.6%. Frankfurt +0.1%.
Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.2%. Crude flat at $50.72. Gold flat at $1283.30.
Ten-year Treasury Yield flat at 2.23%

(Source: Seeking Alpha)

Economic Calendar 

9:30 Fed’s Kashkari speech
9:45 PMI Composite Flash
10:00 Existing Home Sales
1:00 PM Baker-Hughes Rig Count

PTG Trading

Early strength during Globex Session continued straight into Cash Session as Bulls were large-and-in-charge following the first 30-minute rotation. Penetration above 2345 handle lead to explosive rally pushing price to 2357.50 3 Day Cycle Target.

Today is Cycle Day 3 (CD3)…Cycle targets have been achieved, as such with options expiration on tap for today. Sources tell me price action is likely to remain between 2350 – 2360 with a lean to upside.

Range Projections and Key Levels

HOD  ATR Range Projection: 2369.15; LOD ATR Range Projection: 2338.60; Cycle Day 1 Low: 2331.25; 3 Day Central Pivot: 2341.25; 3 Day Cycle Target: 2357.24; 10 Day Average True Range: 17.40

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

Click Here

Today’s Hypotheses: June 2017 (M) 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 will look to keep bid at or above 2350 SPOT with additional upside targeting 2360 – 65 zone.

Scenario 2:  Bears desperately need price below 2350 to recapture some losses from prior session. IF this occurs, THEN look for 2345 handle to come into play for counter response.

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


Leave a Reply