Trade Strategy 1.15.21

Markets

Source: SeekingAlpha.com

Economic Calendar

8:30 Producer Price Index
8:30 Retail Sales
8:30 Empire State Mfg Survey
9:15 Industrial Production
10:00 Business Inventories
10:00 Consumer Sentiment
11:30 Fed’s Kashkari Speech
1:00 PM Baker-Hughes Rig Count

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

***New: PTG Trading Room Chat Log’s Link

S&P 500

Prior Session was Cycle Day 3 (CD3): Textbook CD3 Day as failure to expand above CD2 High and as such decline began, pushing price lower closing near lows of session.. Range was 31.50 handles on 1.129M contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1

This leads us into Cycle Day 1 (CD1): Normal for CD1 is some magnitude decline, with average measuring 3767.50 which has been fulfilled during GLOBEX Session. As such, there are two estimated scenarios to consider for today’s trading.

1.) Price sustains a bid above 3775, initially targets 3785 – 3795 zone.

2.) Price sustains an offer below 3775, initially targets 3765 – 3760 zone.

*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.

PVA High Edge = 3815       PVA Low Edge = 3804         Prior POC = 3809

Range Projections and Key Levels (ES) March 2021 (H) Contract

HOD  ATR Range Projection: 3815; LOD ATR Range Projection: 3747; 3 Day Central Pivot: 3795; 3 Day Cycle Target: 3760; 10 Day Average True Range  50; VIX: 24

Nasdaq 100 (NQ)

Today is Cycle Day 1 (CD1)…Price is trading below prior session’s value zone. Prior Range was 147.75 handles on 412k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.

PVA High Edge = 13005       PVA Low Edge = 12944      Prior POC = 12981

Bull Scenario: IF Bulls sustain a bid above 12885, THEN initial upside estimate targets 12920 – 12940 zone.

Bear Scenario: IF Bears sustain an offer below 12885, THEN initial downside estimate targets 12865 – 12840 zone.

Range Projections and Key Levels (NQ) March 2021 (H) Contract

HOD  ATR Range Projection: 13042; LOD ATR Range Projection: 12716; 3 Day Central Pivot: 12913; 3 Day Cycle Target: 12935; 10 Day Average True Range: 378; VIX: 24

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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