S&P 500 (ES)
Prior Session was Cycle Day 1: Bullish end of week momentum spilled over into Monday’s CD1 session elevating price to fulfill the 6735 range target with ULTRA Precision.
As the early bids faded, so did price, settling back throughout the day to fill the gap into Friday’s high, ultimately settling near Mid-VWAP.
Cycle Day 1 Low was established @ 6696.25.
Range was 39.75 handles on 1.141M contracts exchanged
FREE TRIAL link to PTG/Taylor Three Day Cycle
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normally for CD2 we are anticipating some consolidation MATD rhythms to begin the session.
Bulls continue to have ball control heading into the final trading day of September. As always, we can anticipate some end-of -month “window-dressing!”
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 6710+-, initially targets 6725 – 6730 zone.
Bear Scenario: Price sustains an offer below 6710+-, initially targets 6695 – 6690 zone.
PVA High Edge = 6722 PVA Low Edge = 6701 Prior POC = 6712
ESZ
Nasdaq (NQ)
Prior Session was Cycle Day 1: Bullish end of week momentum spilled over into Monday’s CD1 session elevating price to fulfill the range target. As the early bids faded, so did price, settling back throughout the day to fill the gap into Friday’s high, ultimately settling near Mid-VWAP. Cycle Day 1 Low was established @ 24721.75
Range for this session was 253 handles on 501k contracts exchanged.
…Transition from Cycle Day 1 to Cycle Day 2
Transition into Cycle Day 2: Normally for CD2 we are anticipating some consolidation MATD rhythms to begin the session.
Bulls continue to have ball control heading into the final trading day of September. As always, we can anticipate some end-of -month “window-dressing!”
NO PREDICTIONS…ONLY PREPARATION.
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 24830+-, initially targets 24895 – 24940 zone.
Bear Scenario: Price sustains an offer below 24830+-, initially targets 24750 – 24725 zone.
PVA High Edge = 24895 PVA Low Edge = 24805 Prior POC = 24830
NQZ
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