***Announcement***
Polaris Daily Trade Strategy Blog is going Premium beginning May 1st, 2014.
In an effort to provide PTG Clients the highest quality market analysis and daily trade strategy preparation “prior to pit session opening”, the Daily Trade Strategy (DTS) Blog which has been freely distributed will convert to Premium status beginning May 1st, 2014.
The Daily Trade Strategy (DTS) Premium Edition subscription pricing will be $29.95monthly. If you are interested in continuing to receive the DTS prior to the pit opening, please send an early subscribe request to david@polaristradinggroup.com.
The DTS will be posted to website’s blog page at 4:15 pm for public review.
Thank you and Good Trading
Tuesday’s Trade Strategy posting was spot on, as we were looking for continued strength if price was able to penetrate 1865 handle and convert….That’s exactly how price unfolded offering PTG Traders an early Long Discount Trade Setup that netted a very nice +3.6 R/R. Price came within one tick of the TargetMaster 1879.00 price target before reversing lower by settlement. (note: TargetMaster Levels are published on software at start of Globex Session 6:00 pm ET).
The current uptrend remains intact with bulls in control, so trade strategy continues to be “buy the dips” on pullbacks to Key Marker Zones. Prior Day High (PDH) 1878.75 should mark near-term resistance on any future test. IF bulls continue to be aggressive, a penetration of PDH calls for 1880 – 82 zone followed by 1884.25…1886.50…1887.25.
Key pullback zone to watch for initial support is 1870 – 72, which represents prior days Lower Value (LVA) and High Volume Node (HVN). IF price fails to find sufficient buyers within this zone, THEN deeper pullback suggests 3D CPZ (1862- 64) for stronger support.
Dynamic S&R Levels will be updated throughout the day in PTG Live Trading Room.
Good Trading…David
Habitude Two I am detached from the results. I think in terms of the process and the validity of the process. I understand that I am more than the trading. I do not tie a fragile ego to any day’s trading results. I have faith that over time I will make money. The results of any one trade are statistically unimportant. I think in term of probability. A single trade says nothing about me as a person.