Trade Strategy 11.11.21

On Veterans Day, Polaris Trading Group expresses appreciation to all U.S. military personnel for the sacrifices you have made for our freedom. Thank you for your service. May God Bless You.

 

Markets

Source: SeekingAlpha.com

Economic Calendar

No events scheduled due to Veterans Day

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

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

S&P 500

Prior Session was Cycle Day 1 (CD1): Textbook normal CD1 unfolded as price continued its decline down to Violation Levels. Range was 55 handles on 1.583M contracts exchanged. 

 …Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2 (CD2): CD1 Low (4625.25) was established last in prior session, but since violation levels were also fulfilled, there was no downside follow-through. This has lead to an overnight rally, achieving initial 3 Day Cycle range objective (4660). As such, estimated scenarios to consider for today’s trading.

1.) Price sustains a bid above 4660, initially targets 4672 – 4675 zone. 

2.) Price sustains an offer below 4660, initially targets 4650 – 4640 zone.

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

PVA High Edge = 4679       PVA Low Edge = 4644         Prior POC = 4673

Range Projections and Key Levels (ES) December 2021 (Z) Contract

HOD  ATR Range Projection: 4677; LOD ATR Range Projection: 4627; 3 Day Central Pivot: 4675; 3 Day Cycle Target: 4660; 10 Day Average True Range  35; VIX: 17.80

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Price has rallied during overnight activity from deep CD1 Low (15896.50). Normal for Cycle Day 2 would be to consolidate recent activity. Prior range was 347 handles on 651k contracts exchanged. As such, there are two estimated scenarios to consider for today’s trading.

PVA High Edge = 16216       PVA Low Edge = 16028     Prior POC = 16181

Bull Scenario: IF Bulls sustain a bid above 16090, THEN initial upside estimate targets 16135 – 16180 zone.

Bear Scenario: IF Bears sustain an offer below 16090, THEN initial downside estimate targets 16025 – 16000 zone.

Range Projections and Key Levels (NQ) December 2021 (Z) Contract

HOD  ATR Range Projection: 16168; LOD ATR Range Projection: 15903; 3 Day Central Pivot: 16206; 3 Day Cycle Target: 16122; 10 Day Average True Range: 193; VIX: 17.80

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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