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Prior Session was Cycle Day 1 (CD1): Normal for a CD1 is for a decline, which did happen this cycle, placing CD1 Low at 3642.25 before rallying at end of session. Value Area 80% Rule(VAR) took effect, as price opened below prior value and traded back within triggering the VAR, and fulfilling upside objectives. Range was 30.50 handles on 1018M contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
This leads us into Cycle Day 2 (CD2): Price is currently trading within prior value zone, albeit at the upper edge (3668). Normal for a CD2 is for some ‘back n fill’ consolidation type trade. As such, there are two estimated scenarios to consider for today’s trading.
1.) Price sustains a bid above 3662, initially targets 3675 – 3680 zone.
2.) Price sustains an offer below 3662, initially targets 3650 – 3645 zone.
*****3 Day Cycle has a 91% probability of fulfilling Positive Statistic covering 12 years of recorded tracking history.
PVA High Edge = 3668 PVA Low Edge = 3653 Prior POC = 3662
Range Projections and Key Levels (ES) December 2020 (Z) Contract
Nasdaq 100 (NQ)
PVA High Edge = 12466 PVA Low Edge = 12406 Prior POC = 12446
Bull Scenario: IF Bulls sustain a bid above 12473, THEN initial upside estimate targets 12495 – 12517 zone.
Bear Scenario: IF Bears sustain an offer below 12473, THEN initial downside estimate targets 12460 – 12455 zone.
Range Projections and Key Levels (NQ) December 2020 (Z) Contract
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!
“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.
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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