It was a slow morning with all markets staying within overnight ranges. The tight range in Gold (MGC) was a bit unexpected, especially since the Sunday open saw a nearly 5% decline. BTC and ETH each up around 7%, CL lower by 3%, and the NQ the leader of the stock indices.
End-of-day (EOD) update: Reeeaaallly low volume session. ES may not break 700K contracts.
New members check the timestamps for a few trades and important concepts.
Timestamps
1:50 – stream starts after 2 minutes of silence ?
3:00 – discussion about MGC, MCL, and MBT
19:50 – first trade, short MNQ at VAH ?
29:50 – long M2K at session lows and T-Line
35:50 – ranges and levels to learn ? ?
Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
