CMENT Trading

Today's trading adventure unfolded as a story of contrasting fortunes - a red and green day that encapsulated the unpredictable nature of financial markets. Let's delve into the highs and lows, the wins and losses, and the lessons gained from a day filled with market volatility. Morning Glory: A Strong Start The day began on a promising note as I assessed the market landscape before the 9:30 open. Price, flat to slightly down and hovering around the S1 on the daily at 4810, presented an intriguing opportunity. PPM 2 and 3 cutting through both of their derivatives and projecting a positive slope signaled upward momentum. Despite PPM 1 being under both of its derivatives, the positive slope of the moving averages provided confidence. Momentum proved to be a powerful force as price surged above its moving averages. I capitalized on this momentum, taking profits at the 200MA on the 5-minute chart. While there were signs of PPM 1 losing momentum on the 5-minute chart, the hourly cha...

As the new week unfolded, the aftermath of an RTX sell signal on the weekly chart set the stage for what promised to be an uneventful Monday. The anticipation of potential sideways movement for the next one to two weeks loomed, prompting a cautious approach to trading. Morning Observations: A Hesitant Start The opening moments of the day hinted at the anticipated sluggishness, with price spiking over its moving averages. However, a closer look at the Price Pressure Momentum (PPM) indicators revealed a relatively feeble trend level, registering at only .03 compared to the more robust .25 threshold. This signaled a potential lack of conviction in the market's momentum. Mid-Morning Rally: Testing Resistance at 4790 By 10 o'clock, price did show some movement, rallying up to 4790. The significance of this level became apparent, with a cluster of numbers converging around it. R1 on the weekly chart at 4789, R2 on the daily at 4792, and a high target of 4796 on the hourly chart forme...

Thursday, December 12th, proved to be an eventful day in the world of trading, with key economic data and market indicators shaping the landscape. This blog post takes you through my trading day, exploring the impact of CPI data, chart patterns, and trend projections on my decisions. The CPI Data and Morning Open: The day began with the release of Consumer Price Index (CPI) data at 8:30 AM. As expected, the data came in line with predictions, but it had an intriguing effect on prices, pushing them to the day's lows. By the 9:30 AM open, prices were below their moving averages on a 5-minute chart, and all three Price Pressure Momentum (PPM) indicators were under both of their derivatives with a negative slope. Analyzing the Hourly Chart: To gain a broader perspective, I turned to the hourly chart, where the 40-day moving average (40ma) stood as support at 4616, coinciding with S1 on the daily grid. As prices pushed through the 40ma, I found myself at a crossroads – considering eithe...

Mondays are often associated with a slow start, and today seemed no different as the market moved sideways overnight into the open. However, what initially appeared to be a mundane Monday turned into a dynamic trading opportunity that unfolded with unexpected twists and strategic decisions. Testing the Waters: Price's Dip and Quick Bounce As the market opened, the slow pace continued, but it quickly became apparent that there was more beneath the surface. Price tested the low of the day at the open, creating a moment of potential significance. The subsequent bounce caught my attention, signaling a possible shift in market dynamics. Seizing the Opportunity: Riding the Spike to the 200MA Recognizing the potential in the market's quick bounce, I entered a trade at 4602, eyeing a sell opportunity at the futures open at 4607 or at R1 on the daily chart, set at 4618. The next candle provided confirmation as it tested the 4600 level before surging above the 200MA. All three PPMs were ...

Thursday, December 7th, presented a dynamic trading day filled with highs, lows, and valuable lessons. Join me as I recount the journey through a series of trades, influenced by market data, PPM indicators, and the ever-changing landscape of financial markets. The Morning Dip: Confidence and Cutbacks The day kicked off with positive jobs data, propelling prices higher. Despite a brief downward pressure at the open, my first trade at 10:50 attempted to buy the dip at 4573. The conviction stemmed from all three PPMs holding their positive slopes. However, I cut the trade above the 21MA on the 5-minute chart since PPM 1 and 2 predicted a negative slope. Price did end up holding the 21ma and price went on to create a new high at 4581. A lesson learned on waiting for confirmations. Chasing Highs: A Misstep in the Midmorning Shortly after at 10:25, I attempted a short trade at 4583, anticipating a retreat from the approaching R3 level on the daily chart. This trade, however, was marred by im...