Trade Strategy 2.4.22

Markets

Source: SeekingAlpha.com

Economic Calendar

8:30 Non-farm payrolls
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 1 (CD1): Tough day for the bulls as price continued to slip throughout this session. Prior range was 86 handles on 1.752M, contracts exchanged. 

 …Transition from Cycle Day 1 to Cycle Day 2

This leads us into Cycle Day 2 (CD2): Traders await the Non-Farm Payrolls Report this morning as price continues to have a fragile bid. Normal for Cycle Day 2 would be for some back n fill consolidation to absorb prior session’s decline Current overnight range is 73 handles, so expectation is for continued volatility to end this week. As such, estimated scenarios to consider for today’s trading.

1.) Price sustains a bid above 4462, initially targets 4492 – 4505 zone. 

2.) Price sustains an offer below 4462, initially targets 4446 – 4436 zone.

PVA High Edge = 4534       PVA Low Edge = 4496         Prior POC = 4516

Range Projections and Key Levels (ES) March 2022 (H) Contract

HOD  ATR Range Projection: 4582; LOD ATR Range Projection: 4400; 3 Day Central Pivot: 4531; 3 Day Cycle Target: 4498; 10 Day Average True Range  128; VIX: 25

Nasdaq 100 (NQ)

Today is Cycle Day 2 (CD2)…Wide range volatile sessions are the current theme, with expectation for this action to continue for today’s session to end the week. Prior range was 414 handles on 718k contracts traded.  As such, there are two estimated scenarios to consider for today’s trading.

PVA High Edge = 14807       PVA Low Edge = 14653     Prior POC = 14789

Bull Scenario: IF Bulls sustain a bid above 14630, THEN initial upside estimate targets 14685 – 14725 zone.

Bear Scenario: IF Bears sustain an offer below 14630, THEN initial downside estimate targets 14520 – 14455 zone.

Range Projections and Key Levels (NQ) March 2022 (H) Contract

HOD  ATR Range Projection: 15105; LOD ATR Range Projection: 14238; 3 Day Central Pivot: 14895; 3 Day Cycle Target: 14802; 10 Day Average True Range: 587; VIX: 25

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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