Trade Strategy 11.1.17

Markets
 
The Fed is expected to keep interest rates unchanged today as speculation swirls on who will be its next leader. With no updated economic projections or a press conference by Janet Yellen, investors will look to any change in the statement language for confirmation of a December rate hike. The Fed has already raised rates twice since January, and currently forecasts one more increase by the end of the year.
 
In Asia, Japan +1.9%. Hong Kong +1.2%. China +0.1%. India +1.2%
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +1.6%
Futures at 6:20, Dow +0.6%. S&P +0.4%. Nasdaq +0.5%. Crude +1.2% to $55.03. Gold +0.7% to $1279.60. 
Ten-year Treasury Yield +1 bps to 2.39%
  
(Source: Seeking Alpha)

Economic Calendar 

 

PTG Trading

Wednesday is Cycle Day 3 (CD3)…Indexes continue on their torrid pace notching new all-time highs daily. S&P 500 e-mini futures (ES) has rallied reaching 2584 ATR Range High projection and minimum 3 Day Cycle Target. Additional targets measure 2586.50, followed by 2591.00. Structural support is now marked at 2566 – 68 zone.

Range Projections and Key Levels (ES)

HOD  ATR Range Projection: 2584.00; LOD ATR Range Projection: 2570.75; Cycle Day 1 Low: 2565.50; 3 Day Central Pivot: 2571.50; 3 Day Cycle Target: 2591.00; 10 Day Average True Range: 13.18; VIX: 9.87

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

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Today’s Hypotheses: December 2017 (ESZ) 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 have pushed price to range target (2584) in overnight trade, with additional upside measuring 2586.50…2591.00.

Scenario 2:  Bears need price back below 2578 Dynamic-VWAP at minimum to stop the upward momentum. IF successful, THEN 2nd objective is to convert 2572 handle which is currently POC support marker.

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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