Hope you all had great weekend. Hope those who did not do well last week reviewed their trades against the killer setups and levels provided here on FT inner circle.
Coming back to Friday, Bulls took the ball from the get go and kept griding up from our bull bear of 5090 to all the way to 5150. We stayed long most of the session from 90 to 08 to 16.
Recap Friday:
Overall bulls are going full steam on AI engine with NVDA and Supermicro in limelight again on Friday.
Here is long term chart for ES.
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: We had short stint inside 400 point chop box during last week of October but now we are back outside, until we go back inside bulls are on full control of the tape.
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