Thoughts for Tuesday 12/26

Bulls keep pushing higher

Hope you all are enjoying holiday times with friends and family. On Thursday night we had long setup against 4780 area but it did not quiet reach there before launching. We had next level as 98 which gave some fight before eon at 830 but then launched after that to next level 08. We longed against 08 after RTH that gave 22. After that we put 04 to 14 as chop area. We shorted against 04 in afternoon which gave 86. Over all very choppy trading on Friday though with low volume after pit was closed.

Econ for week:

Night session Trading Suggestions:

I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play short on top level provided for nightly range and long on lower level of nightly range after 2 am or 3 am. But get out of the way if it rips or drops thru levels and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.

Remember: I never short above or long below my marker. I wait for it to pause before it or come back to it from rip/dip and pause before executing.

Never take position before Econ like CPI Or FOMC. After econ watch for levels where it stops and how it interacts to decide long or short.

Recommended stop: -2 and go to BE on +2. Some ppl who can't reenter shall chose -3.5/4.

Scale out: 2 lots at +6/8, 3rd at +10/16, 4th leave runner at BE

Rest of the content is for paid sub stack users and is also shared with members on private telegram channel (Note to telegram members: please do not ask me that you do not have sub stack access, you don’t but the content behind paywall is already posted on your channel. Thank you).

Sub stack subscription does not include real time telegram alerts it only includes this nightly news letter with levels and possible setups. For real time alerts please go to https://futuretrader400.substack.com/about