Posts

Showing posts from January, 2024

avigating Choppy Waters: Insights from Wednesday's Trading Session

Image
Wednesday's trading session brought its own set of challenges and opportunities, marked by a market that held its overnight gains but presented choppy conditions. This blog post explores the strategic decisions made during the day, highlighting the importance of reading PPMs and adjusting trading strategies based on market conditions. Choppy Morning: Seizing Opportunities in the Ups and Downs The day began with the market holding its overnight gains but drifting down to its S1 on the daily at 4944. Around 8:30, PPMs on both the 5-minute and hourly charts suggested a slight upward trend. Recognizing the importance of the S1 level, the first trade went long at 4944, with additional positions added just before the market opened at 4946. The decision to add was influenced by PPM 1 and 2 holding their positive slope and projecting a rise, while PPM 3 was above its derivatives. Scalping Strategies: Profiting Amidst Choppy Conditions Acknowledging the likelihood of choppiness, a scalping ...

Navigating Volatility: Reflecting on Tuesday's Trading Session

Image
Tuesday's trading session brought its share of challenges and opportunities as market dynamics shifted throughout the day. This blog post delves into the strategic decisions made during the morning session, lessons learned, and the subsequent recovery in the later part of the day. Morning Struggle: Quick Losses and Adaptive Strategies The day kicked off with a promising overnight high of 4891, but momentum quickly waned as price rolled over at the onset of the 9 o'clock hour. The opening drop prompted a decision to get short at the low of 4882. Despite an initial rebound, the trade turned into a quick loss as price surged back to its moving averages, triggering a stop at 4887. Second Attempt: Aiming for the Recovery Wave Recognizing the potential for a market recovery, a second trade was initiated as PPM 1 signaled a V for recovery, PPM 3 maintained its positive slope, and PPM 2 continued to project downward pressure. However, the attempt to catch the bottom of the day and ride...

Navigating Sideways Waters: Lessons from Monday's Trading Session

Image
Monday's trading session unfolded with high expectations following Friday's impressive close at 4884. As the market opened at 4893, optimism abounded with all three PPMs showing promise above their derivatives and projecting a positive slope. This blog post delves into the strategic decisions made during the day and the subsequent lessons learned about navigating the complexities of post-RTX market conditions. Initial Trade: Riding the Morning Wave Entering the market at 4891 during the 9:45 candle seemed like a promising move, driven by the anticipation of reaching R2 on the daily chart at 4898. PPM 1, though not in full trend mode, hinted at a potential upward surge with a value of .20. However, the momentum was short-lived as price struggled to maintain upward momentum. Testing moving averages on the 5-minute chart. Price, unable to sustain its initial spike, triggered a stop loss at 4886, resulting in a 5-point loss. Choppy Waters: The Challenge of Sideways Movement As the ...

Mastering Momentum: Friday's Trading Triumphs

Image
  Friday's trading session unfolded with a burst of momentum, as price action showcased the intricate dance between short-term fluctuations and broader trend considerations. This blog post delves into the strategic decisions made during the day, highlighting the art of identifying trend cues and seizing opportunities. Identifying Opportunity in Intraday Decline: As Friday's session began, price accelerated into the London open, reaching a peak at 4840 before showing signs of fading momentum. Despite the initial decline, a careful analysis of the hourly chart revealed a robust trend, with PPMs 2 and 3 comfortably above their derivatives and positive slopes. Sensing opportunity, a partial-size long position was initiated as price held the hourly 21ma at 4818. Adding to the Position: Amidst the price recovery, further confirmation emerged as the PPMs on the 5-minute chart began to bottom out, projecting an upward and positive slope. Recognizing the strength of the hourly PPM tre...

Navigating Volatility: Thursday's Trading Insights

Image
Thursday's trading session proved to be a dynamic journey, with price action swinging sharply in response to economic data and market sentiment. In this blog post, we'll explore the key moments of the day and the strategic decisions made to capitalize on market opportunities. Early Morning Whipsaw and Patient Entry: The session kicked off with price spiking from its opening highs at 4792 to 4797 after the 8:30 economic data release, only to swiftly retreat to 4786. Amidst the volatility, patience was crucial. PPMs across the board signaled downward pressure, but projecting a potential spike as PPM 3 began to bottom out. Despite this, entry was postponed, awaiting clearer signals for an upward move. Strategic Long Trade: Around 10 o'clock, as price and PPMs hinted at a bottoming out and an upward slope, the first trade was initiated. Notably, price held the R1 level at 4782 on the daily chart, aligning with the hourly chart, where all three PPMs were positive and in trend ...

Navigating the Rollercoaster: Lessons from Wednesday's (1/17) Trading Session

Image
Wednesday's trading session was a rollercoaster ride, marked by significant price fluctuations and strategic decisions in response to market dynamics. In this blog post, we'll delve into the day's events and explore the valuable lessons learned in the process. Early Morning Fade and First Trade: The London open set the tone for the day as price faded from its highs at 4784, plummeting to 4760 by the New York session's start. Notably, the opening price landed between S2 and S3 on the daily chart, emphasizing the bearish sentiment. Despite the hourly PPMs signaling a potential recovery, the 5-minute chart revealed a mix of upward and downward pressure from PPMs 1, 2, and 3. Entering the trade at the open, I opted not to set a tight stop loss, learning from previous experiences. While price briefly hit a new low at 4758, I stayed in the trade, considering the hourly PPMs' potential V-shaped recovery and PPM 3 starting to bottom out. As price bounced above its moving a...

Navigating Turbulence: Lessons from Tuesday's Horrible Trading Session

Image
Tuesday's trading session proved to be a challenging journey marked by early losses and subsequent attempts to recover in the volatile market environment. In this blog post, we'll delve into the day's market movements and explore the valuable lessons learned from the ups and downs of trading. Early Optimism and First Trade: The day began with price above its moving averages, seemingly heading towards its daily highs at 4803. Encouraged by positive indicators, I took my first trade at 4800, going long. PPM 1 was showing promise with a positive slope, PPM 2 projecting a bounce off its positive slope, and PPM 3 floating above its derivatives with a positive slope. Despite this optimistic setup, the trade turned against me as price quickly dipped below its moving averages, triggering a stop loss for an early loss. Shifting Strategies and Short Attempts: With price drifting below its moving averages and all three PPMs in a negative slope, I shifted my strategy, looking to shor...