Wednesday, January 5, 2022
Tuesday, January 4, 2022
NQ AND ES KEY LEVELS FOR 010422
Today we are opening above prior days range and buyers have been responsive almost every AM for the last few weeks, for me, the first q is can we make it back to the prior days range and then do we hold the mid, we stopped one timing to the upside on the day time frame yesterday and I would expect continued two sided trading, As usual, it is suggested that you let the first half hour go and stay on process letting the algo set ups guide you and using key location to modify your bias.
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| NQ |
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| ES |
THE AFTER REPORT
What a day, the bond market made an explosive move and sent NQ hard to the down side while ES broke down mid AM and then rallied to close positive on the day. o first, great job in the room, no one was smoked to on the long side because as a team we recognized open drive lower in NQ and we were also above to grab the ES short , which trade wise set up much easier than NQ because it was hung up in the perfect location by the rotation out of tech and into financials, but when it broke, it broke beautify, When you get over or under an orange line on the charts, they are opportunities for major swings, then we need the rest of the pieces to fall in place. ES destroyed support levels once it gave way then killed them again when it v shaped. We saw the reversal but we did not execute on it as it came very late in the day, again, the biggest victory, not getting run over in either direction.
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| NQ EOD |
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| ES EOD |
Sunday, January 2, 2022
ES NQ WELCOME TO 2022, LETS HAVE A GREAT YEAR
EOD REPORT:
Wild first day of the year, as inefficient longs and shorts got smoked both ways looking for a trend day in a fast moving balanced market, an excellent demonstration for why all but the most aggressive and disciplined traders should stay out of the first half hour, Excellent longs and shorts were found above and below prior days high and low, but those days, where we test both sides, have been few and far between
The After
ES EOD 0103
NQ EOD 0103
And the year begins, overnight, ES hit the upside target of 4790, however, NQ could not get above Fridays high, technically weaker than ES. Remember, everything starts anew at market open,, per usual, super aggressive traders in the first half hour, after that, seek to find the algo set ups in the direction you believe the market is headed,. Ago wise, I am focused on two bar combos OR 3 bar combos IF the last bar has both a star and a diamond on it, That is a very powerful combination., First q I have is can ES hold above 4778, trap back in and 4770 becomes the down side magnate, , conversely, can the buyers push NQ above 16453.50, If so, then 16528 still in play, though that is a BIG stretch,
Failure to get above sets up a test back to 16380s
See everyone at 8 cst
As of this writing, ES AND NQ are up strongly in Asia, and that is to be expected, there was zero year end sell pressure and the market is still looking for sellers. So, we will have to see where we are in the am, In nq, we have single prints from 16423-46463, then Fridays high, if we can take out Fridays high, 16530 is the target, that is a big stretch from here, but there is not much standing in the way chart wise. A trap back into Fridays high sets up a logical target of friday POC at 16383. y favorite long locations are from 16356 and lower, but not holding my breath that we can get there. As always, the chart is a large scale map, I am looking to the algo and the days price action to help me set my coarse.
In ES much the same story, Holding above 4778.50- Fridays highs, 4790 area is the natural target, again, for weeks now, sellers have been lame ducks, so I am looking for them to get trapped in down side moves for pushes back up, and will need to see a significant change in character to change that strategy. So all shorts will be considered "weak" and scalps and longs , if they set up, would be pushed off of traps and algo set up. The 4770 area should act as a magnate in down side moves and also a target back up should we find sellers.
I will have a clearer idea of the day as we get closer to the open, good hunting overnight.
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| ES |
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| NQ |
Friday, December 31, 2021
ES NQ CL KEY LEVELS AND TRADE PLAN FOR 12-31-2021
Gm and welcome ot the last day of the year, I hope everyone had a great year. I am looking forward to some great trading in the year to come. Remember, the biggest part of trading is YOU. so make sure you are doing thing to get your head strait, your trade plan is clear and your risk plan is clear. As for today, NQ is trading inside of yesterdays range, while ES is just below, Given that we are in a Bull market and the overwhelming number of participants are retail traders today, So long as NQ holds yestrdays low in early trading I would expect an attempt to push up, with light resistance at 16435-16450 with the extended target being 16528-16537, WIth extended targets above yesterdays high (see charts) In ES, again, currently trading above yesterdays lows and assuming bullish context will continue, upside targets are 4771-75 followed by 4790-4792. The best longs will come from levels below, the yellow zones and the solid orange lines, members in the room know how to use these to generate big trades,. As for CL, its friday, I dont expect much , Its in a massive bull move, but with pretty good two sided trading, Has to get back above 76.13 to make a mmive higer, we have traded below 75.50 over night (orange line) and found responsive buyers, I would also add globex low as a good stop run location to enter long. Overall, I would suspect a balanced day with choppy action, last hour may see some last minute tax selling, but I will not be around for it. Hope everyone has a great day, hit me up if you have any questions TRADENPERFORM@GMAIL.COM
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| ES |
ES EOD, TRADE PLAN CALLED FOR BALANCE, WITH LONGS FOUND UNDER PRIOR DAYS LOWS AND RESISTANCE AT THE YELLOW ZONE, AND A POSSABLE YEAR END SELLING FOR TAX PUPROSES SELL OFF AT END OF DAY, PRETTY MUCH PERFECT.
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| ES EOD 12/31 |
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| CL |
FRIDAYS FOR CL ARE USUALLY A DULL EVENT, AFTER ATTEMPTING TO TRAP BACK INSIDE YESTERDAYS LOW AT 76.13 3 TIMES, THE BULLS FINALLY FAILED, AND COME BACK TO TEST UNDER 75.50, ORANGE LINE, WHERE IT INITIALLY FOUND RESPONSIVE BUY ATEMPTS BEFORE FINALLY GOING TO TAKE OUT GLOBEX LOW WHERE IT FOUND RESPONSIVE BUYERS TO LIMP INTO THE CLOSE,
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| CL EOD 12/31 |
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| NQ |
EARLY IN THE SESSION, NQ GAPPED DOWN , BUT ABOVE YESTERDAYS LOW, AND AS I QUIET COMMON IN BULL MARKETS , IT IMMIDIATLY RALLIED, 50 POINTS, OR 1K PER CONTRACT TRADED, IT THEN TRADED BELOW THE FIRST ORANGE LINE, 16388, WHERE IT FOUND RESPONSIVE BUYERS FOR A 30 POINT ROTATION UP, BEFORE ROTATING BACK TO TAKE OUT THE LOWS AT 11.05 MA CST., AS EXPECTED , IT TRADED IN BALANCE THE MAJORITY OF THE DAY, EACH TIME A NEW LOW WAS TAKEN OUT, WE HAD A TRADEABLE BOUNCE, BEFORE FINALLY GETTING THE END OF DAY SELLERS BELOOW THE 16344.75, DONW TO THE YELLOW ZONE AT 16323, WHCIH GAVE LAST MINUTE HERO TRADERS A 20 POINT UP ROTATIONS, WAY TOO LATE IN THE DAY FOR ME TO TRADE THAT PRODUCT. HOPE EVERYONE TRADED WELL, LOOKING FORWARD TO AGREAT NEW YEAR.
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| NQ EOD1231 |
Thursday, December 30, 2021
Todays trade plan, in ES NQ and Cl, buyers remain in overall in overall control, So, the trades with the highest odds of a strong result will come from pushes down that set up on process. The highest odds locations for longs will come from prior sessions low, (Green line) Prior days lows (orange lines) and yellow zones below value area low, (pink lines) as we are in such a strong market, pushes down are harder to find, so more advanced traders can use the algo set ups to find high odds longs with good risk control, again, would be better to get a push down, but that is unlikely in holiday trading, shorts should be considered very aggressive and the best locations for those shorts would be on extensions up and above globex high, yesterdays highs or on big stretches' up, again, with the short side of the trade having to be considered more difficult because of the underlying strength. Also, watch for mis matches between NQ and ES, if one is down alot, and the other is up alot it makes for difficult trading in both. No matter what you do , make sure your on process. Again, I favor looking for longs this am.
ES
NQ
CL
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