July 4th – Market Holiday – No Trading
(See Above) Hope everyone enjoyed the 4th of July weekend. Today was the first day back after the 3-day holiday. The market opened a bit lower after the 4-day bounce we experienced coming off the Brexit Vote market sell-off from the previous week. The market basically spent most of today’s session in a drift-mode lower and the system signaled the start of 5 shallow waves do the downside where we caught some light traction shorting. 3 of the trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration), 2 of which went on to deliver multi-point runs. All in all it was not a bad start to the week especially coming off the long weekend.
(See Above) The equity market gapped down again today at the open and it looked like we were going to get a “Gap and Go” move to the downside. Within 10 minutes of the open, the Emini was attempting to break-down out of the morning quicksand zone which ran from 2069.00 to 2075.00. The System signaled us short on a break-out attempt right at the lower end of the quicksand zone, but the trade quickly fizzled and got caught up in a short squeeze that popped price back against us for a full stop-out. About an hour later the sellers attempted another run lower and the system signaled us short again at 2069.00. This trade entry went on to work, and although the down move ended up being short lived.. we did end up getting 3 points of positive traction for the trade. The market put in a bottom and reversed back to the upside and the system started getting us long above the morning quicksand zone at 75. In the end we experienced a long range day to the upside and the system got us long on 3 trades to ride the up trend. 4 of the 5 trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration), and went on to deliver multi-point runs. After the initial stop-out we ended up with a high traction day.
(See Above) Today was one of those wishy-washy days where the market couldn’t make up its mind. It first moved higher and then spent the remainder of the day drifting lower on light volume and low momentum. The system was able to catch 2 long trades during the early morning high volume surge, but then as the momentum dropped way off the system went dormant and no more alerts were issued. We ended up having kind of a rest day in the market which found itself trapped pretty good in between a rock and a hard spot at the open. Both trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration), and 1 went on to deliver a multi-point run.
(See Above) Friday the system runs for the first 2 hours of the session and then we close up shop and do our Group Training Round-Table each week. (Friday’s are notorious for giving it all back if you push too aggressively) The market opened with a pretty good sized gap up and we ended up getting a “Gap and Go” long range day up move. The ES quickly popped up above our morning quicksand zone high at 2110.00 and the system started getting us long. Notice above how each successive wave got stronger and we caught a nice entry that gave us a full 4 points of traction on the final trade. 2 of the 3 trades got you to a guaranteed 1-Point Delta Target, (or no-lose configuration), and 2 went on to deliver multi-point runs. Not bad for a Friday which tend to be low traction days.
(See Above) The market was closed on Monday leading to a shortened trading week. We experienced a lighter traction week as the market began to settle down after the Brexit Vote from the previous week, which had led to wild volatility and range expansion. The market opened on Tuesday and found itself sandwiched in a tight congestion zone with heavy resistance above and strong support below. Wednesday, where the market gapped up and rallied higher gave us our best trading action of the week. (If you had done nothing more than play every trade signal with our 2-contract Scalp Configuration you captured somewhere between 15-20 net points for the week.) On Average, the system signals exposed us to a 3.3 times greater, positive to negative tick traction ratio for the week. Your job as an individual trader is to develop and hone your Trade Management skills to the point where you can capture as much of that positive point traction as possible.