We pretty much stayed out of market until noon, The dip at noon triggerred our short setup against 40 which ended up being two -2’s for me. After that we stayed pretty much out as price went back in our chop area until right before FOMC minutes we shorted 38 and 32 and got paid handsomely. After NVDA ER we longed 24 to 40.
FT difference: I always tell traders in my Telegram that its very important to understand that most folks out there just provides levels and then brag about how their levels worked. What we do is provide setups that may or may not be the levels. Setups provides marker for entry with higher odds of making 10 to 20 next points. This is big differentiator vs other services out there that just boasts their levels after the fact. All levels are some kind of confluence and most of them will match with others and that is important but that’s just half ass job. Execution points or setups are more important then that. Hope it makes sense.
Apex has 90% off or $40 Resets and pass in 1 trading days, don’t get lured by 1 day passing, its gimmick for you to blow up accounts faster, Use FT400 code. Use these evaluations very wisely.
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.
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