Trade Strategy 11.13.24

S&P 500

Prior Session was Cycle Day 3: Positive 3-Day Cycle Statistic (93%) was satisfied concurrently with hitting all-time high during this cycle sequence. Range for today was 49 handles on 1.324M contracts exchanged.

For a more detailed recap of the trading session, click on this link: Trading Room RECAP 11.12.24

Check out the link to learn more about the Taylor 3-Day Cycle and secure your FREE TRIAL.

 …Transition from Cycle Day 3 to Cycle Day 1

Transition into Cycle Day 1: Today begins a new cycle with the main objective of establishing a secure cycle low from which to stage this cycle’s rally.

Traders will be focused on the CPI print and the read through will be important for markets to handicap the FED’s next interest rate move in December. Trading the CPI day can be challenging with potentially volatile swings as the market absorbs the forward implications.

So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continue to serve us well, so stay the course.

As such, scenarios to consider for today’s trading. 

Bull Scenario: Price sustains a bid above 6015, initially targets 6025 – 6030 zone. 

Bear Scenario: Price sustains an offer below 6015, initially targets 5995 – 5990 zone.

PVA High Edge = 6027     PVA Low Edge = 6008         Prior POC = 6024

   ES (Profile)

 

Nasdaq 100 (NQ)

Prior Session was Cycle Day 3: Positive 3-Day Cycle Statistic (93%) was satisfied concurrently with hitting all-time high during this cycle sequence. Range for today was 197 handles on 502k contracts exchanged.

 …Transition from Cycle Day 3 to Cycle Day 1

Transition into Cycle Day 1: Today begins a new cycle with the main objective of establishing a secure cycle low from which to stage this cycle’s rally.

Traders will be focused on the CPI print and the read through will be important for markets to handicap the FED’s next interest rate move in December. Trading the CPI day can be challenging with potentially volatile swings as the market absorbs the forward implications.

So with this in mind, our “game-play” will remain true to our discipline in maintaining positioning that is aligned with market forces which continue to serve us well, so stay the course.

As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 21160, initially targets 21235– 21265 zone. 

Bear Scenario: Price sustains an offer below 21160, initially targets 21100 – 21075 zone.

PVA High Edge = 21235      PVA Low Edge = 21175         Prior POC = 21185

NQ Chart (Profile)

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.

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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