Price has only gone one direction since 2018 started. It's starting to get a little ridiculous. For day trading purposes, once again, Holding Zone will dictate today's action.
We now see an 80-point wave without any price retrace. This is not "normal" for this product and it needs to take a breathe but in reality it does what it wants to do, whenever and however it wants to do it. Risk on both sides right now.
ESH SWING TRADE 1/4/18 Shorted 2727 Initial Stop: 2743 Target: 2706 Trade Expectancy: win 0.784897025 scratch 0.118993135 loss 0.09610984
EUR SWING TRADE 1/4/18 Shorted 1.2076 Initial Stop: 1.2161 Target: 1.1996 Trade Expectancy: win 0.703517588 scratch 0.185929648 loss 0.110552764
TYH SWING TRADE 1/4/18 Longed 123-16 Initial Stop: 122-24 Target: 124-02 Trade Expectancy: win 0.754601227 scratch 0.211656442 loss 0.033742331
GCG SWING TRADE 1/4/18 Shorted 2325 Initial Stop: 2338 Target: 2307 Trade Expectancy: win 0.573529412 scratch 0.217647059 loss 0.076470588
Watch the Holding Zone today. Price trading above previous day's all-time high print before cash open is a fade. Short scalps (with tight stops) into the Holding Zone prior to cash open will be the play IMO. If Holding Zone is broken to downside then look for some continuation of pressure for day trade purposes.
FOMC minutes later today. Prob irrelevant as Janet is out. Price flirting with all-time high levels. Always a good fade (the all-time high), but not so much on the 6th attempt. But perhaps there's a Whale holding it there. Upside Bear zones are looking to be attractive short entries. That is if today's Holding zone doesn't hold.
TYH SWING TRADE 1/2/18 Longed 123-20 Initial Stop: 122-28 Target: 124-05 Trade Expectancy: win 0.754601227 scratch 0.211656442 loss 0.033742331
EUR SWING TRADE 1/2/18 Shorted 1.2065 Initial Stop: 1.2150 Target: 1.1985 Trade Expectancy: win 0.703517588 scratch 0.185929648 loss 0.110552764
Happy 2018! New year, same price range. First week of the new year can see some crazy activity. Expecting to see some bigger than usual intra-day moves. Price has been stuck in this "value" area for some time now. There has to be some sort of breakout coming soon!
GCG SWING TRADE 1/1/18 Shorted 1305.5 Initial Stop: 1318.5 Target: 1287 Trade Expectancy: win 0.573529412 scratch 0.217647059 loss 0.076470588
CLG SWING TRADE 1/1/18 Shorted 60.27 Initial Stop: 61.77 Target: 58.53 Trade Expectancy: win 0.686609687 scratch 0.242165242 loss 0.071225071
TGIF. Today's action will be dictated by the breakout of the Holding Zone. The year is pretty much done so don't expect crazy moves. I still think price will close out the year at its high so dips will be eyed by the machines and Santa.
It's official: Tax Event was a dud. Pretty weak (as in boring) action this week. Scalp Mode it is and likely to continue through the end of year.
Happy Humpday. It'll be a shame if all this tax hype is just a dud. Price just chillin', storing potential energy, awaiting to make some sort of move. Which way? Your guess is as good as mine but here are the levels I'll play.
TYH SWING TRADE 12/19/17 Longed 123-23 Initial Stop: 122-31 Target: 124-09 Trade Expectancy: win 0.754601227 scratch 0.211656442 loss 0.033742331