Yestesrday we had long vs 04 at RTH open that gave 24, though I did not take it as I was late to the open, but it was there for room to take it. Pretty quickly we called and stayed out in 04-24 chop zone. Once 04 short trigerred we shorted from 04 that gave quick 50+ handles. We stayed out of the market after we got stopped out at +40 to wait for NVDA results in last one hour. Market is now chopping between 62/66 to 94 area. So far bears still have upper hand below our weekly 6012 level. Tomorrow we have PCE at 830 and PMI at 945 that should break the range.
Prop Firms Promotions
I will list best promotions on good prop firms going forward. They are best way to learn and make money without blowing up 100’s of thousands of your own dollars.
Apex has 80% off evals, $150K, $250K and $300K are only $59 Use FT400 code. Verified by members for payout.
TakeProfitTrader 50% Off & no activation fees. Use FT400 code. Verified by members for payout.
TicktickTrader has 45% off on Direct funded accounts. Use FT400 code
Econ for Week
Night session Trading Suggestions:
I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play short on top level provided for nightly range and long on lower level of nightly range after 2 am or 3 am. But get out of the way if it rips or drops thru levels and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.
Remember: I never short above or long below my marker. I wait for it to pause before it or come back to it from rip/dip and pause before executing.
Never take position before Econ like CPI Or FOMC. After econ watch for levels where it stops and how it interacts to decide long or short.
Recommended stop: -2 and go to BE on +2. Some ppl who can't reenter shall chose -3.5/4.
Scale out: 2 lots at +6/8, 3rd at +10/16, 4th leave runner at BE
Big picture: > 5700 this remains bullish.
Rest of the content is for paid sub stack users and is also shared with members on private telegram channel (Note to telegram members: please do not ask me that you do not have sub stack access, you don’t but the content behind paywall is already posted on your channel. Thank you).
Sub stack subscription does not include real time telegram alerts it only includes this nightly news letter with levels and possible setups. For real time alerts please go to https://futuretrader400.substack.com/about