Trade Strategy 8.21.19

Markets

In Asia, Japan -0.3%. Hong Kong +0.2%. China flat. India -0.8%. 
In Europe, at midday, London +1.1%. Paris +1.5%. Frankfurt +1.2%. 
Futures at 6:20, Dow +0.7%. S&P +0.8%. Nasdaq +0.9%. Crude +0.9% to $56.65. Gold -0.4%to $1509.30. Bitcoin -4.4% to $10203. 
Ten-year Treasury Yield +3 bps to 1.59%

Source: Seeking Alpha https://seekingalpha.com

Economic Calendar https://www.investing.com/economic-calendar/

10:00Existing Home Sales
10:30EIA Petroleum Inventories
2:00 PMFOMC minutes

***PTG Trading Room Chat Log’s Link

S&P 500

Today is Cycle Day 2 (CD2)…Prior Session was a “textbook” Cycle Day 1 fulfilling decline objective of 2895 (settlement price). Overnight trade has price rallying higher fulfilling Cycle Day 2 (today) range target (2918.00)

Note***I have been actively using the 3 Day Cycle Strategy as a “core trading premise” for over 10 years and to this day it still astonishes me the accuracy of price levels.

*****The 3 Day Cycle Spreadsheet which subscribers receive shortly after market close for next trading session contains all the projected range targets. Here is link to web page to learn more: http://polaristradinggroup.com/ptg-3-day-cycle/

CD2 Range High = 2918       CD2 Range Low = 2896    CD2 Range Avg = 38.50

Scenario 1: IF Bulls hold bid above 2908, THEN initial upside potential targets 2918 – 2922 zone.

Scenario 2: IF Bears hold offer below 2908, THEN initial downside objective targets 2898 – 2896 range low zone.

Range Projections and Key Levels (ES) September 2019 (U) Contract

HOD  ATR Range Projection: 2939.00; LOD ATR Range Projection: 2875.00; 3 Day Central Pivot: 2900.00; 3 Day Cycle Target: 2922.00; 10 Day Average True Range 46.26: VIX: 16.33

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has rallied during overnight trade fulfilling 7726 3 Day Cycle Target.

CD2 Range High = 7726          CD2 Range Low = 7682          CD2 Range Avg = 132.00

Scenario 1: IF Bulls hold bid above 7688, THEN initial upside potential targets 7715 – 7726 Cycle Target/Penetration Zone.

Scenario 2: IF Bears hold offer below 7688, THEN initial downside objective targets 7659 – 7651 3 Day Central Pivot Zone.

Range Projections and Key Levels (NQ) September 2019 (U) Contract

HOD  ATR Range Projection: 7795.00; LOD ATR Range Projection: 7598.00; 3 Day Central Pivot: 7655.00; 3 Day Cycle Target: 7726.00; 10 Day Average True Range: 142.62; VIX: 16.33

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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