11/13/2018 ES Trade Plan Worksheet

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Nov 132018

The ES is up overnight after yesterday’s big selloff on prospects increase for a trade meeting between Trump and China’s President Xi Jinging at the G-20 Summit in Argentina starting Nov 30.  A China newspaper reported that Liu He, China’s chief trade negotiator will fly to D.C. to setup face to face meetings between the US and China in Argentina.  Oil prices are down for the 12th session after Trump tweeted that oil prices “should be much lower based on supply” after Saudi Arabia announced a 500K barrel per day cut.  Home Depot stock is up pre-market after beating expectations and raising forecasts.  Earnings today include TSN, TLRY, AAP, and BZH.  A very light economic calendar with the Federal Budget Balance @ 2:00pm EST.  The Fed’s Brainard speaks @ 10:00am EST.  Volatility remains high and there’s plenty of room for both the bulls and the bears to work.  No Size bias this morning as Globex volume was mixed.  Size bought into yesterday’s selloff.


 Posted by at 7:08 am

11/12/2018 ES Trade Plan Worksheet

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Nov 122018

Alibaba’s $30.8B in sales for Singles Day brought out the ES bulls on during Asian session, but the current realities of a Pending rate hike and lowering of corporate expectations has erased the ES bullish gains during the European session.  The US dollar is at 16-month highs on Fed rate hike expectations.  Oil prices are up as Saudi Arabia announced they would reduce exports half a million barrels a day to offset October oil price declines.  Yesterday was US Veteran’s Day, however US government offices and banks are closed today since the holiday fell on a weekend this year.  This could translate to lighter volume and whippier price movement today.  Also, no economic data released today.  The Fed’s Daly speaks @ 2:30pm EST.  Volatility remains high, although it’s been dampening with the 5-day ATR down from the 70s to 41 ES points.  No Size bias as overnight volume was both lighter than recent and mixed.


 Posted by at 7:02 am

11/06/2018 Chat Room Live Event: Price Action & Print Flow Walkthrough Narration

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Nov 062018

RG conducted an impromptu mentoring session in the room today primarily focused on walking through the key price action and flow outlined in the current day’s educational example. The goal was to show concept transferability across a range of periodicities and strategies. Strategic applications ranging from intraday swinging to predatory stop flush type scalping were discussed and the event ended with an extensive Q&A at the end.

The image below was used as the template for the discussion. Special thanks to member SharpeDan for making the audio only recording.

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 Posted by at 6:28 pm