S&P 500 (ES)
Prior Session was Cycle Day 1: Early establishment of the CD1 Low (6461) during the GLOBEX session set the stage for the RTH Gap open rally that notched a new all-time high. Fulfillment of the upper Money Box Zone which was discussed in the live trading room community set up a reversal that many of PTG Traders successfully navigated.
Notable for this session was buyers active at the prior high zone between 6465 – 6470. Multiple attempts by the sellers to break this zone were thwarted by persistent buyers that continued to reload bids.
In Bull Market style, prices closed in the upper quartile of the day’s range. Range was 41 handles on 1.056M contracts exchanged
If you have not taken advantage of the FREE 3 Day Cycle, check out the link below.
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Having closed in the upper quartile of the day’s range bulls continue to have dominant control of the rhythms.
Normally for CD2 we are anticipating some ‘back n fill’ / consolidation / MATD rhythms to begin the session.
Bulls would need to slip on the soap bar below yesterday’s lows to excite the Bears, otherwise the grizzly is in hibernation during the summer months.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 6490+-, initially targets 6500 – 6505 zone.
Bear Scenario: Price sustains an offer below 6490+-, initially targets 6480 – 6475 zone.
PVA High Edge = 6487 PVA Low Edge = 6468 Prior POC = 6480
ESU
Nasdaq (NQ)
Prior Session was Cycle Day 1: Early establishment of the CD1 Low (23886) during the GLOBEX session set the stage for the RTH Opening gap rally that notched a new all-time high.. Range for this session was 182 handles on 448k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Having closed in the upper quartile of the day’s range bulls continue to have dominant control of the rhythms.
Normally for CD2 we are anticipating some ‘back n fill’ / consolidation / MATD rhythms to begin the session.
Bulls would need to slip on the soap bar below yesterday’s low to excite the Bears, otherwise the grizzly is in hibernation during the summer months.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 23930+-, initially targets 23988 – 24022 zone.
Bear Scenario: Price sustains an offer below 23930+-, initially targets 23862 – 23836 zone.
PVA High Edge = 23966 PVA Low Edge = 23896 Prior POC = 23930
NQU
Economic Calendar
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.” –BR
*****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.
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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