Hello Traders, Here is what we did today. Shorted 30 which paid 10 handles. Tried longing 20 that did not work, and tried shorting 20 which paid once but then it was struggling so we called out 16-26 no trade area.
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. Fast track trading is promising prop firm that you should give a try with huge discount and direct funding without evaluation.
Apex has 80% off evals Use FT400 code. $35 resets. $85 PA activation fee. Verified by members for payout.
TakeProfitTrader 40% Off & no activation fees. Use FT400 code. Verified by members for payout.
TicktickTrader has 50% off on Direct funded accounts. Use FT400 code
FlexyTrade Flexytrade also has instant funding accounts single, bundle of 5 or bundle of 10 of 150K/250K/350/500K for 50% discount with FT400FUNDED coupon code. - Verified by members for payout.
Econ & ER 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