Trading Room RECAP 10.23.24

PTGDavid provided frequent updates on market movements and trade strategies, focusing on Nasdaq (NQ) and Crude Oil (CL). Here’s a summary of his posts:

  1. Crude Oil Trade Updates:
    • Announced a successful “Open Range Breakout Long” trade, with target 1 filled at 9:31 AM.
    • Reported that target 2 for a Crude Oil long was filled at 10:09 AM.
  2. Nasdaq (NQ) Trade Updates:
    • Noted an NQ “Open Range Short” at 20405.50 at 10:02 AM.
    • Mentioned that a bear scenario would target the ES 5860 zone if price stayed below 5880.
    • At 10:09 AM, NQ target 1 for the short was filled.
    • Reported price testing the prior low (5861.25) at 10:10 AM, noting bulls needed to reclaim the Opening Range.
    • By 11:09 AM, said the price failed to sustain a bid at the Opening Range Midpoint and tested lower levels.
    • At 11:14 AM, the target of 5850 for ES shorts was fulfilled.
    • Reported all targets for the NQ Open Range Strategy short fulfilled by 12:32 PM.
  3. Market Commentary:
    • Commented on “The Whiplash” long play off the prior low (10:40 AM), and the key market decision at the Open Range Midpoint (10:45 AM).
    • At 11:59 AM, he noted that the “Lower Money Box Target Zone” had been fulfilled, signaling a slowdown as lunch time approached.
    • By 12:05 PM, he suggested bulls needed to reclaim the 5855–5860 zone and made a sports analogy about the Chicago Bears having control.
  4. End-of-Day Summary:
    • Around 4:00 PM, discussed the directional breakout and significant moves in the S&P (down 0.91%) and Nasdaq (down 1.53%).

Throughout, PTGDavid provided clear technical insights and trade execution reports, offering real-time feedback on key price levels and strategies.

Comments are closed.