Although there was a strong move on Friday, a small positive up range is expected for Monday in the S&P 500.
Going over the price action for the NFP report. looking for clues as to what the market is telling us. always remember we are risk managers. do your homework and go over all your trades this weekend. weekend is a time to refine your strategy and your mind.
This video goes over tactics and strategies on how to trade on NFP day for ES and NQ.
ES Trade Plan Inflection: 5082 Upper lvls: 5099-5109 / 5125-5127 / 5137 / 5153 Lower lvls: 5072-5074 / 5036 / 5005 NQ Trade Plan Inflection: 17632 Upper lvls: 17776 / 17818-17838 / 17871 / 17901-17937 / 18063 Lower lvls: 17564-17573 / 17482 / 17356-17370 Stay Frosty!
We are reviewing price action from yesterday and this morning. going over the clues the market left and how we could have traded the day better.
Can the buyers that appeared in the S&P 500 on Thursday continue its momentum up with a stronger close on Friday. This could be a challenge with the softer opening in the Asia session.
In this video we will demonstrate how to place a simple bracket order with Tradingview with AMP Futures.
In this video we will demonstrate how to access the help center in TradingView with AMP Futures.
In this video we will demonstrate how to access the DOM (Depth of market), and place simple trades.
In this video we will show you how to link your AMP Futures trading account with TradingView.
The video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5083 Uptrend (4/25/2024) Higher High 1Hr - 5083 Uptrend (4/25/2024) Higher High 2Hr - 5131...
Going over the FOMC reflecting on the day and our process. looking for clues to how we could have traded the day better. Better than yesterday is our only goal.
After the volatility seen on Wednesday in the S&P 500, the expectation is that Thursday will be a day for the market to catch its breath before labor numbers come out on Friday. This means trading inside Wednesday's range on Thursday.
I go over how to establish potential scenarios for an FOMC day and how to prepare accordingly. FOMC can be very tricky to trade, but if you have a plan and know the levels that are in play it can provide great opportunities.
ES Trade Plan Inflection: 5095 Upper lvls: 5115 / 5127 / 5137 Aggressive Inflection: 5076 Lower lvls: 5052-5056 / 5030-5038 / 5005 NQ Trade Plan Inflection: 17628 Upper lvls: 17660 / 17776 / 17818-17838 / 17901-17937 Lower lvls: 17507 / 17356-17370 / 17283-17293 / 17163 SPX Pivot 5036 Stay Frosty!
Going over price action for the ES. today is FOMC one of the most volatile days. size down manage risk today. we are going into battle soon.
With the Fed making announcement on Wednesday, volatility would be expected in the S&P 500. A change in the feds attitude towards interest rates being high longer is not expected.
Going over the days price action. looking for clues on how we could have traded the day better. always do your reflection period. without Reflection there is no Wisdom, only wasted time and time is something we just don't have a lot of. so Make it count. do the hard work.