Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5185.25 stop 5181.75. Short 5249.50 stop 5253.50. 

Tuesday’s results: Neither trade triggered. 

The World Index: (+100/-100) drops from +29 to -7 with Asia Bearish and the western world mildly Bullish. 

Catalysts: Crude Inventories @ 10:30. Fed Speakers: Jefferson @ 11:00, Collins @ 11:45, Cook @ 13:30. 10-Year Note Auction @ 13:00. 

Quick Tip: Fractals

One common rule in many trading strategies is to honor the trend from a higher time frame. If you’re day-trading a 5-minute chart, consider the 30-minute trend. If you’re swing trading a 60-minute chart, consider the daily trend. 

There is more to be gained from this multiple time frame analysis. 

Markets are fractal, meaning the price patterns on the chart repeat themselves in different time intervals. With this knowledge, here’s some ideas for gaining edge: 

1. Entries...

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Trade Aptitude

 

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Trade Aptitude

trade planning May 03, 2024

 

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Trade Aptitude

trade planning May 02, 2024

 

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Trade Aptitude

trade planning May 01, 2024

 

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Trade Aptitude

 

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Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5082.75 stop 5078.25. Short 5176.00 stop 5181.75.

Friday’s results: Neither trade setup triggered.  

The World Index: (+100/-100) eases from +64 to +50 with all major world markets Bullish. 

Catalysts: Nothing on the economic calendar. Waiting on FOMC. 

Quick Tip: Which Contracts?

One of the many benefits of day trading Futures is there are many markets to trade. Stock indexes, currencies, interest rates, metals, energies, etc. Each of these markets will have its own structure at any given time: Trending or not, volatile, or not. 

The question becomes which contract(s) you should trade and when. Here’s a quick look at filtering for candidates: 

1. Volume. Without adequate volume you’ll experience slippage and not perform as well in the real world. 

2. Margin. Check with your broker and determine whether your account size can afford the...

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Trade Aptitude

Today’s Best S&P Futures Turning Points: Buy 5032.50 stop 5027.25. Short 5176.00 stop 5181.75.

Monday’s results: The buy at 5004.75 missed filling by 1.25 points and ran 60+ points to the short at 5070.50, which only offered a 6+ point scalp. 

The World Index: (+100/-100) eases from +57 to +43 as the world remains mildly Bullish. Positive note: the UK’s FTSE 100 index hit a record high. 

Catalysts: Services & MFG PMI Flash @ 9:45. New Home Sales & Richmond Fed MFG Index @ 10:00. 2-Year Treasury auction @ 13:01. 40% of the S&P 500 will report earnings this week. 

Quick Tip: Wiggle Room

The strategy that uncovers the turning points in this blog is called Volume Profile. It uses volume at price, not in time, to determine fair value. How traders buy and sell around these high-volume price levels will vary based on their own risk tolerance and other indicators they may use for...

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Trade Aptitude

 

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Trade Aptitude

trade planning Apr 19, 2024
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