Trading Room RECAP 1.6.25

Posted on by January 6, 2025

Morning Session

  1. Market Outlook:
    • The week began with a strong GLOBEX rally, characteristic of Cycle Day 1 (CD1).
    • The initial upside target of 6042, based on the average CD1 range from the last 20 cycles, was nearly achieved early in the session.
  2. Charts and Data Sharing:
    • Confirmed that streaming charts were available by 8:56 AM.
    • Uploaded a visual update highlighting CD1 levels nearing fulfillment at 9:05 AM.
  3. Community Engagement:
    • Extended a warm welcome to new PTG members, Calvin and slatitude (John), encouraging their active participation.

Mid-Morning Observations

  1. Market Strategy:
    • Advocated for a long bias, recommending entries on pullbacks during a favorable Cycle Day 1 environment.
    • Shared motivational insights, including a quote on disciplined execution and focusing on the trading process.
  2. Visual Updates:
    • Provided two additional chart uploads at 10:37 AM and 10:44 AM, offering technical analysis and reinforcing strategic perspectives.

Afternoon Session

  1. Market Analysis:
    • By 1:09 PM, Cycle Day 1 upper range targets had been fulfilled. However, lunchtime trading brought a reversion to the VWAP zone, signaling consolidation.
    • Highlighted a significant afternoon reversal, with prices retracing to the morning’s half-back level.
  2. Key Technical Levels:
    • Warned of a potential gap fill scenario if the 6018-20 zone was breached.
    • Identified 6029 as a critical level for bulls to reclaim to maintain upward momentum.

End-of-Day Summary

  • Reported a Market-on-Close (MOC) buy imbalance, signaling sustained interest from buyers as the session concluded.
  • Wrapped up with acknowledgment of the volatile trading environment, indicative of an active start to the year.

Key Takeaways:

  • Strong Technical Focus: Emphasis on precise levels and ranges for actionable insights.
  • Community Orientation: Engaged with members, reinforcing a collaborative environment.
  • Strategic Discipline: Advocated for process-driven trading and adaptability amid changing market conditions.

This structured approach reflects PTGDavid’s commitment to providing real-time, actionable insights and fostering a supportive trading community.

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