Recap & Playbook for week of Feb 12th
CPI week ahead. Break out or break down?
Traders, hope you all had a wonderful super bowl weekend.
Recap Last week:
Last week ES futures closed down about 35 points from its open. It traded up 4188 and down 4060, a pretty good 128 point range for trading. We shorted 4160/64 from open on Feb 7th and then again shorted 4098 next day. Taking advantage of full 100 points with many more short in between.
I have been posting summary of our trading almost every day on public twitter. Some of it copied here.
Playbook for next week:
So if we do end up seeing aliens on earth then all plans are cancelled as #ES_F is going to zero. Jokes aside as a trend trader I have setups that are only looking for next 20 points on ES as a day trader. Of course some time that opportunity may turn into 50 to 100 points and we always have runner that takes advantage of that but we do not hope that market will move 100 pts every day and that’s simply unrealistic. We do not swing trade. Every trade is closed on same day with only runner left for over night session.
This week main levels I am watching are 4120, 4091 and 4176. Rest of the levels, live setups and other educational content as it happens are posted on private telegram/twitter.
If you subscribe to telegram/twitter then it includes daily levels and thoughts as they are also posted on telegram/twitter.
New subscription option: As many people are interested in only levels and thoughts every day, I have created sub stack monthly & yearly option just for that now, these options does not include intraday trading on ES futures that I post on twitter/telegram. I may start posting some longer term ideas on it but for now its just levels and some short/long ideas. If you subscribe on sub stack as founding member then it also includes private telegram/twitter.
Besides CPI on Tuesday there are bunch of Fed speakers on tape next week.
Earnings for this week.
