Trade Strategy 9.6.22

Markets

Economic Calendar

9:45 PMI Composite Final
10:00 ISM Service Index
12:30 PM Investor Movement Index

***New: PTG Trading Room Chat Log’s Link

S&P 500

Prior Session was Cycle Day 2 (CD2):  Shortened US Holiday trading kept price quiet for the half-day session. following a ley reversal “liquidation break” to end last week’s trading. Range was 27 handles on 213k contracts exchanged. 

 …Transition from Cycle Day 2 to Cycle Day 3

This leads us into Cycle Day 3 (CD3): Overnight trade activity has price retracing approximately 50% of prior decline. Being a Cycle Day 3, all that is needed for a Positive Statistic is for price to trade above CD1 Low (3906) during RTH, which appears likely. Expectation for today’s trading is continued elevated volatility  with wide price swings, as all PM’s and Traders will be fully engaged. As such, estimated scenarios to consider for today’s trading.

Bull Scenario: Price sustains bid above 3945, initially targets 3960 – 3962 zone. 

Bear Scenario: Price sustains offer below 3945, initially targets 3935 – 3930 zone.

PVA High Edge = 3936       PVA Low Edge = 3926        Prior POC = 3934

Range Projections and Key Levels (ES) Sept 2022 (U) Contract

HOD  ATR Range Projection: 4014; LOD ATR Range Projection: 3880; 3 Day Central Pivot: 3943; 3 Day Cycle Target: 4003; 10 Day Average True Range  82; VIX: 26

Nasdaq 100 (NQ)

Today is Cycle Day 3 (CD3)…Price recovered approximately 50 % of prior decline with expectation for a Positive Cycle Statistic with price trading above CD1 Low 12040 during RTH. As such, estimated scenarios to consider for today’s trading.

Bull Scenario: IF Bulls sustains bid above 12135, THEN initial upside estimate targets 12210 – 12232 zone.

Bear Scenario: IF Bears sustains offer below 12135, THEN initial downside estimate targets 12085 – 12055 zone.

PVA High Edge = 12124       PVA Low Edge = 12069     Prior POC = 12110

Range Projections and Key Levels (NQ) Sept 2022 (U) Contract

HOD  ATR Range Projection: 12436; LOD ATR Range Projection: 11920; 3 Day Central Pivot: 12178; 3 Day Cycle Target: 12434; 10 Day Average True Range: 324; VIX: 26

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 SHOWN6.22.22

Comments are closed.