Trade Strategy 4.11.24

Markets (Top Stories)

Source: investing.com

Economic Calendar

S&P 500

Prior Session was Cycle Day 2Price sharply declined as a “hot” CPI print  put markets in a tail spin lower, ultimately finding responsive support at 5188 CD2 Violation Level. Range was 108 handles on 2.282M contracts exchanged.

***NOTE: IF you want to learn more about how the 3-day cycle levels are derived, THEN check out the FREE TRIAL offer below. Cycle Analysis is an integral part of the PTG Methodology.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: Price closed below CD1 Low (5208.25). The primary goal for cycle bulls is for price to trade above this level during RTH, which would satisfy the 3 Day Cycle Statistic. Cycle rally potential measures 5245 – 5250 zone.

As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 5200, initially targets 5225 – 5230 zone. 

Bear Scenario: Price sustains an offer below 5200, initially targets 5160 – 5155 zone.

PVA High Edge = 5213       PVA Low Edge = 5194         Prior POC = 5198

 

PTG 3 Day Cycle

EXCLUSIVE OFFER

*****The 3 Day Cycle has a 90% probability of fulfilling Positive Cycle Statistics covering 12 years of recorded tracking history. 

    Range Projections (ES) June 2024 (M)

Nasdaq 100 (NQ)

Prior Session was Cycle Day 2Price sharply declined as a “hot” CPI print  put markets in a tail spin lower, ultimately finding responsive support at 18090 CD2 Violation Level. Range was 420 handles on 862k contracts exchanged.

***NOTE: IF you want to learn more about how the 3-day cycle levels are derived, THEN check out the FREE TRIAL offer above. Cycle Analysis is an integral part of the PTG Methodology.

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3: Price closed slightly above CD1 Low (18160.75). The primary goal for cycle bulls is for price to trade above this level during RTH, which would satisfy the 3 Day Cycle Statistic. Cycle rally potential measures 18290 – 18305 3 Day Central Pivot Zone.

As always, our tactical trade plan remains unchanged…Stay in alignment with dominant intra-day forces. As such, scenarios to consider for today’s trading.

Bull Scenario: Price sustains a bid above 18160, initially targets 18290 – 18305 zone. 

Bear Scenario: Price sustains an offer below 18160, initially targets 18800 – 17950 zone.

PVA High Edge = 18196       PVA Low Edge = 18126         Prior POC = 18171

Range Projections (NQ) June 2024 (M)

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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