S&P 500 (ES)
Prior Session was Cycle Day 1: This session was a normal CD1 as price declined to lower Violation Level (5245 – 5250), followed by a MOC bounce into the closing bell. Range for this session was 174 handles on 1.482M contracts exchanged.
For a more detailed recap of the trading session, click on this link: Trading Room RECAP 4.16.25
FREE TRIAL link to PTG/Taylor Three Day Cycle
Reframing Negative Beliefs into Empowering Ones
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Price established a new cycle low @ 5251 during the prior session and has initiated this cycle’s rally.
Today is CD2, bulls have a chance to continue the late day rally, though a retest of the CD1 low may be ordered before the real rally unfolds.
Final day of trading today the shortened Holy Week. Remain steady in your trade selection and risk management.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 5300+-, initially targets 5325 – 5350 zone.
Bear Scenario: Price sustains an offer below 5300+-, initially targets 5260 – 5250 zone.
PVA High Edge = 5366 PVA Low Edge = 5251 Prior POC = 5306
ESM
Nasdaq (NQ)
Prior Session was Cycle Day 1: This session was a normal CD1 as price declined to establish a new low @ 18116.25, followed by a MOC bounce into the closing bell. Range for this session was 745 handles on 674k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Price established a new cycle low @ 18116.25 during the prior session and has initiated this cycle’s rally.
Today is CD2, bulls have a chance to continue to squelch the selling and stabilize price action for the shortened Holy Week. Remain steady in your trade selection and risk management.
Of course, nothing changes for PTG…Simply follow your plan. Take only Triple A setups and manage the $risk. ALWAYS HAVE HARD STOP-LOSSES in-place on the exchange.
PTG’s Primary Directive (PD) is to ALWAYS STAY IN ALIGNMENT with the DOMINANT FORCE.
As such, scenarios to consider for today’s trading.
Bull Scenario: Price sustains a bid above 18390+-, initially targets 18560 – 18625 zone.
Bear Scenario: Price sustains an offer below 18390+-, initially targets 18215 – 18120 zone.
PVA High Edge = 18781 PVA Low Edge = 18391 Prior POC = 18626
NQM
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.
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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