TakeProfitTrader

03:01

TakeProfitTrader

Good morning traders, I am happy to be back after almost a week away from the screens. The market has come back to the monthly VWAP and is stuck at 3920 area that was highly traded on the way down. This likely means it will be choppy in here on the open, kind of like we saw in the overnight "whippy" market. I think the market is trying to make its way back to...

02:45

TakeProfitTrader

Good morning traders, Yesterday turned out as expected, it was a back and forth type day, the closed right on the VWAP. This indicates the market in balance, and the bigger time frame players absent. Overnight, the market has bounced a bit, after testing both sides of yesterdays balance. In the near term, it looks like the value is migrating higher. However,...

03:13

TakeProfitTrader

Good morning traders, Today there will be a trading halt at Noon central time, 1pm eastern in observance of Juneteenth holiday. I don't see the market doing a whole lot today, but with liquidity low, anything can happen. I don't see resistance above until 3900, and below, it's even worse. I'm going to be sitting out today.

03:51

TakeProfitTrader

Good morning traders, We were on the money with the 75 basis point hike yesterday, and I think ultimately that will put pressure on the markets. As I stated in the video, that does NOT mean the market has to go down at all right now, or ever. The market is going to do what it's going to do and some of this was already "priced in." I'm still leaning short,...

04:38

TakeProfitTrader

Good morning traders, Big meeting today at 2pm eastern with the FED. Market seems to be pricing in a 75 basis point hike, which is substantial. I would be VERY VERY VERY cautious today.

01:58

TakeProfitTrader

Good morning traders, Eventhough we are balancing down here, I still think there is pressure on this market. I believe 3700 is the key level below us, but you can throw that out the window if we get a 75 basis point hike tomorrow by the FED. I would expect us to continue to see "risk off" in front of the minutes and statement tomorrow at 2pm eastern.

06:01

TakeProfitTrader

Good morning traders... Looks like a bit of panic selling, taking us down to levels we haven't seen in over a year. Lots of news on Wednesday this week, where we will most definitely see a raise in rates, but Powell will need to be careful with what he says. Saying the wrong thing (as perceived by the market) will put even more pressure on a market in a...

03:55

TakeProfitTrader

Good morning traders, Not much time for a write up today, I think the video is self-explanatory! Have a great day everyone!

03:33

TakeProfitTrader

Good morning traders, Not surprisingly, we continue to beat on this area where we've been for the last 10 days. I talk in the video on how I like to trade the breakouts of the area...Not by chasing, but by waiting for it to break and then pullback. Again, I think it's an important one to watch if you're trading indices.

02:51

TakeProfitTrader

Good morning traders... Today's morning ideas are all about noise areas and how to trade them. If you're trading from this middle of this area, you are likely just rolling the dice. Be patient and wait for the market to get to the edges of this heavily traded zone. Today is as "Neutral" as can be off the open, so please be careful with picking a direction...

04:48

TakeProfitTrader

Good morning traders, I think this is a pretty good watch today. It talks about the dynamics of stop-runs that you hear so much about. Let me know if you have any questions.

04:59

TakeProfitTrader

Good morning traders... After weakness on friday and a lot of volume traded on the lows, we've rebounded and trended higher in the overnight session. I find that a bit odd if I'm looking through the short term lens. However, on the long term view, we are just trading in the heavily traded area dating all the way back to the end of April. I would expect that...

02:37

TakeProfitTrader

Good morning traders, The market filled in the area in the profile that we discussed yesterday the 4100-4090 area. Now the overall profile (big picture) is looking more and more bell shaped. In a normal environment, I would bet that we'd be headed for 4250, to the top of the value. However, with the lack of liquidity and general uneasiness in the market, the...

03:08

TakeProfitTrader

Good morning traders, Not a whole lot has changed, so I will spare you guys a long write-up. For me, 4100 is still a big area im watching below.

05:06

TakeProfitTrader

Good morning traders, No morning ideas yesterday because of the holiday, so today we address the trend up day from last friday. We are in a low liquidity market right now, and the order book in the ES is historically "thin." What does that mean for the movement? It simply means that the market can push further than usual because we don't have the liquidity...

06:18

TakeProfitTrader

Good morning traders, We are trading near 4100 after the market traded higher yesterday, and liked the higher prices. Big boulder today is that it's Memorial day weekend, and I would imagine that the fat cats on Wall St. will likely head out for the holiday weekend early. The expectation for days like these is that the volume dies out in the middle of the day...

04:03

TakeProfitTrader

Good morning traders, The FED yesterday says they are staying committed to raising rates, but will remain flexible, whatever that means. The only thing that really matters is how the market responds, and the market seemed to like their stance. The market rallied after the minutes were released, but pulled back slightly at the close. We are higher now, and I...

02:46

TakeProfitTrader

Good morning traders, Apologies for yesterday's morning ideas coming out without audio. What I was expecting yesterday was more of a non-trendy day. The difficulty with this market is that it's difficult to look for a back and forth market setup when we whip around intraday. For example, yesterday at 1130 it looked like it was a trend down day, just to turn...