FOR THE TRADING DAY OF FRIDAY, 2019 05 31

Some excellent analyses on CL, GC, and the Indexes. See yesterday’s trades and the charts below.

News at 8.30am ET

7am (ET):

6am (ET): Making sure we get paid. GC: wait for pullback if you trade it intraday.

3am (ET) European open, current positions:

FOR THE TRADING DAY OF tHURSDAY, 2019 05 30

A day with several important news announcements, with unpredictable outcomes. Be mindful for those times as potential volatility triggers. If trading small accounts or intraday, it’s okay to stay out, wait for the dust to settle and be back tomorrow. Remember, the second mouse gets the cheese.

10am (ET) update: monitoring Indexes, CL (short), GC (long)

Indexes: As we said yesterday that broken support level around 2800 is likely to be re-tested. It is happening now. The question is: which way from there. Today's news releases may trigger the move one way or the other. And yes: we know it's a bearflag on the 240min. Monitoring. 
Commodities:
CL: a potential failure test on the 240min. If it is, we’ll be looking for the first bearflag. Evidence (though no proof) of a failure test may come in this case in the form of a failed bullflag on a lower timeframe. See charts below.

FOR THE TRADING DAY OF wEDNESDAY, 2019 05 29

No major news announcement today.

1pm (ET): taking profits on intraday positions. We consider much of the action done for the day.

9.30am (ET): market opens, see below for details. Expect a bounce on US indexes (that does not mean we want to trade them.)

We’ll have to wait and see if this turns out to be a major shift in US indexes. As technical traders, we trade the chart.
8am (ET) update and analyses: Managing several positions, see below.
GC: triggered intraday (bullflag on weekly)
CL: short out of bearflag in progress
6A, 6B, 6J: managing positions

3am (ET), European open: the breakout (breakdown) on US indexes we were waiting for yesterday has occured: breaking support is giving us short setups. CL: 240min bearflag, short, GC: 240min bullflag long, 6J: long, 6A, 6B: short
We’re managing several position, see below.

FOR THE TRADING DAY OF Tuesday, 2019 05 28

4pm update:
Indexes: waiting for a breakout on the 240min. Intraday longs didn’t trigger.
Commodities: CL short, see below.

10am (ET) update:
ES/NQ: monitoring for first pullback upon bullish breakout. No bias, listening to the market. 6B: managing position GC: pattern failure, monitoring. Major shifts in progress in several markets, not in hurry until clear signs as to how to participate.

3am (ET) update: 6B moving on European open, see below. Managing position. US Indexes breaking down.

No major news items.
Indexes: unpredictable environment with a bearish tilt. A measured move on the daily is possible. However, a move above the upper red line on the 240min would take much of the bearish bias away. “No follow-up” and “fake” moves would not come as a surprise. See ES and Currency short setups in the charts below.

Currencies: more favourable environment, with some good opportunities. See overview below:

Commodities:

GC: timeframe conflict, we choose to stand by. CL: bearflag on daily, on our watchlist.

Note: I’m planning to upload more onto this page, and email you less in your inbox. Keep this page open during your trading session, and refresh the page in your favourite browser to always see the latest. I will continue to send out email alerts of the most important trade ideas since that’s what this service is all about. More on the European and the US open tomorrow! Historic times. After all, the longest bull market in the history of the US market may be just coming to an end right before our eyes. No certainty, but nonetheless, a possibility. And a new market regime will certainly require new skills, since many of us have ‘graduated from the market’ in the past decade, and may have little hands-on experience in range-bound or bearish environments. Something to think about and be ready for! No worries though: as long price moves, Remek! Momentum and Remek! Premium will keep doing what they does best: identify pullbacks above the meaningless noise with the best chance of success. Mindful trading!

FOR THE TRADING DAY OF Friday, 2019 05 24

3pm update, closing a great week!

A strong past two days. Our analyses work. The edge clearly manifests itself as we engage with the markets. Remember: however good this week may be, trading is never easy. Markets change, may turn range-bound any time (our strategy is not built for range-bound markets, as you know. We trade movement, momentum). Managing risk is always job nr. 1. Don’t overtrade has two meanings: don’t put on too many trades (comissions!), and do not increase your size above your risk profile). Review the jpgs below, as well as your own trades over the long weekend. By now, I’m sure you see clearly what we’re doing here. The setups are consistent, our trade management is consistent. We stay above the noise. (Consider the micro contracts if working on a small account.) When we bump into a loser, so be it, there’s enough winners to feed the cat :). Important: I want everyone to succeed here. If you have any questions, just write. We can also set up an online session. If you want one, let me know. Also: direct these emails into a separate folder in your inbox, so they don’t interfere with your other emails. Sometimes intraday action is fast, and emails go out in quick succession. Never an obligation (of course) to trade all this, these are only setups. Being triggered, and choosing to take the trade are another thing. Pick the ones you like best and that fit into your trading, risk and money management plan.

Have a great long weekend! I’ll be back Monday evening, we’ll need to keep an eye on that GC long!
Ferenc

12noon update:

9.30am update:
Indexes: retesting Wednesday’s close, see below. GC: perfect timing

ES below: technical trading is all about predicting future prices based on past prices, so it helps to look back a few days and see previous highs and lows.

News: 8.30am ET (I don’t enter new positions 10-15 minutes before and after, and try not to be in a position at all. Make your own rules to deal with news-related volatility.)

FOR THE TRADING DAY OF Thursday, 2019 05 23

2.30pm update:
Much of the intraday action seems to have occured. Our analyses was sound, good trades on the CL, the indexes and 6S (measured moves on both). We’ll see what’s next on the indexes and on CL, both of which were damaged today.

11am update: measured move achieved on CL; targeting previous low on the ES, intraday target achieved on 6S.

10am ET:

6am ET: managing positions. Note Remek! Momentum Pro’s spot-on pullback signals on NQ.

3am ET pre-market update:
Indexes are weak, this may easily turn into a sell-off before the US long weekend. CL: short. 6S: long. 6A: short. See below.
General note, reminder: If you trade smaller than 240min charts, just adapt these setups to your timeframe by looking for pullbacks on your timeframe into these moves below. Use appropriate stops well beyond recent highs/lows (price inflection points), and follow your risk management rules. When trading currencies, do not take on excessive correlated risk (e.g. two or three positions on different currencies, but all of them against the USD).

Notes: FOMC failed to act as a catalyst. Friday may be quiet, due to the holiday on Monday. A couple of good setups on currencies. The low volatility on the indexes will burst, the only questions are: when and which way. We’ll be on the lookout.

FOR THE TRADING DAY OF Wednesday, 2019 05 22

11am ET update:

8.30am ET, pre-market:
A few good setups and positions in progress, see below. Indexes are breaking down. Be aware of the potential measure move to the downside on the ES/NQ. 6J, 6S are performing well. A potential leg down on 6A.

6.30am (ET):
News: 10.30am Oil Report, 2pm FOMC
Note: I normally scale back in the morning session on FOMC days. The market is waiting for 2pm, and nothing is happening, most moves have no follow-through. That said, I’ll be monitoring the session, and will post if I think there’s something worth posting. I’ll also be watching currencies.

Also, the US-China trade negotiations, and other, political, issues, any the related tweets and what-nots have been wreacking havoc on the markets for the past week, creating a - for us technical traders - almost untradable environment. In an environment like this, it is important to scale back, preserve capital, and be ready for more clarity. It will surely come, creating the usual, more tradable opportunities. Don’t get discouraged by the events of the past few days. We’re in this for the whole year. Stay tuned!

FOR THE TRADING DAY OF TUESDAY, 2019 05 21

9.30am ET
The CL bullflag has failed. We did the right thing: we got out.

On reading multiple timeframes

News at 10am.
Notes: be ready for weakness on indexes. DX moving, giving us shorting opportunities on currencies (6B is on its own path though). See current setups below.

6am update:

FOR THE TRADING DAY OF Monday, 2019 05 20

1.30pm update:

9am update: make sure you get paid.

7am update: see important comment on indexes below. A major move on the indexes in the cards. See daily ES chart. Some good setups on currencies as well. Be alert, be ready!

6pm (ET) notes:
No major news item.
Indexes: vulnarable. Any bearish momentum may cause heavy damage and take us back to early 2019 levels (which is fine, we know how to short.) Be ready for this scenario.
GC: there may be one more leg down in this, see chart.
Currencies: several short setups against the strengthening USD, see below. As always, don’t pile up correlated risk, pick the one you like best. Do not short the 6S, it seems to be following its own - longish - path (not on the list below).

Mindful trading this week! Any questions, just write!

Note: Please review these charts as we get ready for Monday’s session.

Notes: See emerging setups for the day on the jgps below.
DX is moving, look for shorts on currencies against the USD, e.g. 6A, 6E.

FOR THE TRADING DAY OF thursday, 2019 05 16

4pm update: pattern failure on GC (although we were not affected). Day done. Back soon for analysis for tomorrow.

1pm (ET) update: ES working, CL worked beautifully.

6am (ET)
CL: look to enter long on pullbacks on further strength, see below.
Indexes: bullflag on daily in control, until proven wrong.
6S: look to go long with momentum out of bullflag, see chart below

Please note: all timestamps on the charts are CET (6hrs ahead of ET), since I’m in Europe.
News: 8.30am (increased volatility expected, so you may want to refrain from entering positions 10min before and after times marked in red.)1

Lookback, 6B: 1. our email 4 days ago. 2. 6B today, exceeding our original target area

FOR THE TRADING DAY OF wednesday, 2019 05 15

4pm update:
Indexes: buyers stepped in, this bearflag on the 240min, has now failed, the bullflag on the daily is in control.
DX: breakout imminent. This means, most likely, shorting opportunities on 6E, etc. Be ready.
One note: there is no guarantee, markets will do us a favour and do everything we want them to do during the US morning session. This is now a worldwide electronic market, 24 hours a day, with Asia, Europe and North Amarican sessions all contributing to the volume on the CME. When setups get triggered, nobody knows. You can use stop orders or other techniques to enter trades, if you happen to be asleep in your timezone. Or trade the US morning session, but no guarantee, that’s where the ideal entries will come to us. Don’t get bogged down on small intraday charts, and get stopped out repeatedly, when the setup on the 240min still works. If something is not clear, write to me, I’m here to help.

As today’s session’s reversal on the indexes showed, it is crucial to take profits when they’re made available. 1R is just fine!

Last thing, there will always be losers (e.g. GC today), but this is a powerful methodology, on a timeframe just above the meaningless noise but below the radar of the big players. On small accounts, rather than going into the noise (a losing game), consider staying above the noise and managing risk by trading the newly introduced micro instruments. (there’s MGC, M6E etc. as well.)

Again, these setups work, see today’s trades. Everyone here should be able to squeeze out a positive result from these setups. Good luck and mindful trading!

See above mentioned charts below. Back tomorrow for what looks like a bullish day on the indexes! If that’s the case, it’s okay to get aggressive since it’s likely that we’ll be heading back to the previous high.

2.30pm update: see notes in emails

9am update: four trades no risk, trailing runners. (Potentially) adding to winning 6E position.

8.30am update:

Indexes: if bearflag on 240min ES/NQ fails (see pattern failure), bullflag on daily is likely to take over control. Otherwise… the bulls are in trouble.
GC: bullflag on 240min in progress (see below)
6A, 6B, ZB: several of our Premium trades of the past days have worked beautifully.

See notes on jpgs below as you get ready for today’s US session. Mindful trading!

FOR THE TRADING DAY OF Tuesday, 2019 05 14

General comment: very unpredictable macro situation due to US-China trade quarrel, and unpredictable messages (twitter etc.). It is paramount to be flexible and to listen to the market. E.g. I may be long, ten minutes later I have short bias due to what the market is telling me. In this environment, this is normal and being flexible is necessary.

Indexes: still a bullflag on the daily, until contradictory evidence comes in. Bullish bias intraday: look for bullflags.
GC: look to go long with momentum out of current bullflag.
6A and other currencies: looking for shorts, subject to DX moving with momentum to the upside.

FOR THE TRADING DAY OF Monday, 2019 05 13

GC: moving on daily. Watch for first pullback.

12noon ET update:
CL: took what was made available. ZB: managing long, 6A: short breakout 6B: short
These setups and/or positions were discussed in detail in the room this morning. All working as expected. CL reentry on daily is possible (monitoring).

Room open: Monday 8.30am ET, 30 min discussion, Q&A, click button above to join at that time (pw: remek-premium_2019)

Notes:
Indexes: Be ready to turn bullish if that bullflag asserts control (price above 2900).
Currencies: watch 6B short setup. (warning: DX bullflag not in motion yet). Think 1R, do not overstay.
Commodities: CL LONG, daily bullflag. 1st target: previous high.

FOR THE TRADING DAY OF friday, 2019 05 10

2pm update: See comments in email.

6pm notes for the morning session:

ZB: look for longs
ES: capitalize if further weakness in the morning. Potential risk aversion going into the weekend may ignite more selling. Be aggressive and take profits when made available.
6E: didn’t trigger today, one good thing about what we do: no trigger, no money lost.
CL: watch that bullflag on the daily, it may provide opportunities on your timeframe as well. Whatever the timeframe, wait for trigger.

FOR THE TRADING DAY OF thursday, 2019 05 09

Note: I’ll be travelling to Europe today, and won’t have access to the markets at times. I expect to be online again sometime during Friday’s US morning session. Watch this page and your inbox. Mindfulf trading!

9.30am:

News at 8.30am

5am notes:
DX: bullish breakout expected on daily. That may result in short setups on 6E etc. Monitoring.
CL: shorts on 240min, but inside a daily bullflag, so we ignore the shorts. Waiting for daily to take control, which may give us longs on LTF.
Indexes (ES etc.): this can be a healthy pullback on the daily or the start of a bear market. At this point, we cannot know. Standing by.
ZB: bullflag on 240min. Watch for trigger.
GENERAL NOTE: CME introduced micro ES etc. contracts. You may want to check them out if you trade smaller accounts.

FOR THE TRADING DAY OF Wednesday, 2019 05 08

Post-10.30am CL report:

10am update:
Indexes: increased intraday noise. Note: it’s still just a bullflag on the daily ES. An upside resolution (see daily bullflag) would not be surprising.
CL: bullflag on daily, but no trigger yet on daily. Once daily trigger in place, translate that into smaller bullflags on the timeframe you trade (or trade daily)
GC: bullish bias (until I’m proven wrong), look forward bullflags on your timeframe

Difficult environment, okay to scale back or stay out.

News: 10.30 (CL)
7am notes: indexes weak, look for pullbacks to go short to yesterday’s low. GC: look for longs on pullbacks. CL: look for pullback to go short to max. to yesterday’s low (warning: be mindful of bullflag on daily!)

FOR THE TRADING DAY OF Tuesday, 2019 05 07

10am update: The runners.

9am update: a few good shorts (NQ, CL)
News: 10.30am (CL)

Watch for shorts on the indexes on the open!

Note: bullish potential on GC and daily CL. See charts below. Indexes: bullish consolidation, but this market is liable for a correction. Be on the lookout for a failure of the bullish pattern (a hint to which will come on a lower timeframe).

FOR THE TRADING DAY OF Monday, 2019 05 06

11am update

Note: Announcement from Ninjatrader Brokerage: https://www.remek.ca/blog/2019/5/6/es-micro-introduced

Room open: 9am. Click above. (pw: remek-premium_2019)

News

Monitoring charts below:

Markets may be in major transition. Back at 7am to check what Asia and Europe did. Important to wait for clues, this is not the time to rush in.

10pm update: Indexes, CL open with large gaps. GC is liable to bullish breakout. Expect a substantial increase in volatility and unpredictability in the next few days. ZB (daily) targeting previous high (when is money escaping into bonds?)

The double-top on the US indexes is the most important information, and, I think, the major reason for conflicting action on the intraday charts. Until this situation is resolved one way or the other, expect higher than usual randomness on the markets. DX: expected a bullflag/momentum move on the daily, but so far, the pattern seems to be failing on the intraday chart. Without clear signs on the DX, trading the 6E, 6S, 6B is increasingly difficult, as the trades last week showed. GC: conflict between the weekly and the dialy timeframes make it difficult to trade the 240min or lesser chart. We’ll keep you posted of anything noteworthy or actionable.

FOR THE TRADING DAY OF FRIDAY, 2019 05 03

12noon update: indexes grinding higher, a few good pullbacks behind us. Not much momentum expected on Friday afternoon. Protect your weekly gains.

News: 8.30am

Notes:
ES, NQ in bullish mode this morning, we’ll wait for a pullback before we consider LONGs.
6E: looking for short on a pullback

FOR THE TRADING DAY OF thursday, 2019 05 02

10.45am Spot-on analysis, if I may say so :)

News: 8.30am
Note: if considering shorts on currencies, wait for trigger. GC: bullflag on weekly, do not overstay your welcome.

Questions? Write! (with “Premium” in subject line).

DX: seems to have regained its bullish composure, giving us a few setups on 6A, 6E, 6S. Don’t rush in, wait for triggers. All these trades are against the USD, so they are basically the same trade. Be mindful of correlated risk.
Indexes: another leg down is in the cards. But nothing to do right now.

More in the morning!

(remek-premium_2019)

FOR THE TRADING DAY OF wednesday, 2019 05 01

2.20pm FOMC came and went. We’ll be back with potential action items for tomorrow! Stand by.

2pm FOMC. Expect volatility expansion. Staying out is okay.

Notes: No follow-through on Tuesday. Same expected until 2pm. GC is moving. Will keep an eye on currencies (including the DX). I don’t expect to do much before 2pm. We’ll get busy after!

FOR THE TRADING DAY OF tuesday, 2019 04 30

9am update: Currencies (6E, 6B): 240min structures are developing into daily structures, meaning, we are getting stopped out on the 240min timeframe. That happens. Look at the daily structures and consider shorts only after setups are established on that timeframe. GC: short worked. Bearflag on daily. Tomorrow: FOMC, it is okay to scale back or stay out. Expect increased volatility after 2pm Wed. This is a more-difficult-than-usual environment, likely to be related to the indexes having reached all time highs. Wait for clues.

Note on indexes. Current setups and trades in progress.

FOR THE TRADING DAY OF monday, 2019 04 29

9am see notes and charts below

9.15am: quick meeting, Q&A, click above to join.

Emails sent of the setups below:

Note to new users: Welcome! Please read the Documentation.

Notes for Monday:
The indexes (ES, NQ) are engaging the all time highs. It is not at all guaranteed that the bullish trend will continue. Exercise caution and wait for clues. Please note: since some consolidation, back-and-forth is expected at this level, intraday action is expected to be even harder than normal. Stay out of minefields, staying in cash is okay, when the market sends off signals, we’ll be ready.
Currencies: much better environment than the indexes. You may want to focus your efforts here. As usual, our base (trading) chart is the 240min.
Commodities (GC, CL): GC: Watch for a potential failure of the emerging bullflag on the 240min. A failure may be an indication of the bearflag emerging on the daily. Do not rush in, let price action tell you what, when and if. CL: The trend on the CL suffered some damage in the last session in the form of that failed bullflag on the 240min. Caution with longs advised until we get a hint.

News: at 8.30am. Expect volatility.

What’s next: you’ll be notified by email of any setups we deem worthy of your attention. Make sure you understand what’s what on the chart (channel, circle, arrow, stops), see Documentation. Any problems, send me email.

FOR THE TRADING DAY OF FRIDAY, 2019 04 26

Market close: when we talked about a ‘trecherous road to the top’, this is what we meant. Lots of back-and-forth intraday today on the indexes, which made trading this timeframe frustrating and difficult. Plan for Monday: Indexes: wait and see, okay to stay out for a day or two. Currencies: good opportunities expected (keep an on the DX), be alert. Commodities: pattern failure on the CL, give it a day to see what that means. GC: we stopped tracking the pullback on 240min. Waiting for clues. General: what seems like a ‘mess’ on the markets’ may be just repositioning by large players now that the markets (indexes) are back at all time highs. No rush on Monday, we need quality setups to act! Good weekend to all!

Studies: 6E volatility, CL pattern failure, NQ anti, GC pattern failure

10am update: volatility, likely news-related. It’s okay to stay out.

News at 8.30am Eastern.

9.30am: dropped GC from short. Long ZB.
6E, 6S, 6C: trail to the previous low (see weekly). If not in trade, be on guard for another pullback on the daily, which may give you an opportunity to participate. These are all driven by strength in USD, so be mindful of correlated risk. You may look for entries on the 240min or the daily, depending on your money management rules.
NQ: 240min anti, caution with longs

FOR THE TRADING DAY OF thursday, 2019 04 25

2pm update
ES: setting up for long, GC: setting up for short (although if it doesn’t break down soon, we’ll lose interest), CL: setting up for long, Currencies: several short setups due to strengthening of the USD (DX)

Any questions? Write to me. I want everybody to know what we’re doing and how we’re doing it!

News: 8.30am consider no trading 10min before and after to avoid increased volatility. Have a good session. Will drop by around noon.

6am: CL triggered in, 6E/6S: triggered. Strength on DXs translates into excellent setups on several currencies (be mindful of correlated risk). GC setting up for a short on 240min. See jgps on right for details.

With several shorts on currencies either setting up or underway, with ZB (long) and GC (short) setting up, it is important to be patient and wait for the trigger. There are two rules: IF trigger, THEN enter and IF setup fades THEN standby. This latter means that there is a certain number of candles we’re willing to wait for the trigger, after which we stop being interested. (i.e. the setup fades). E.g. GC is setting up, but it’s taking a long time (see 240min). If it doesn’t get triggered soon, I’ll stop being interested.

Definitions: setting up: price is slowly, with no conviction, moving in the opposite direction within the channel/pullback/consolidation area. Trigger: price leaves the channel and starts to move out with conviction (i.e. momentum). We want to join IF price moves out. Three things can happen: a) price moves out with momentum: we want to join b) price just hangs out and does nothing (fades): we stop being interested c) pattern breaks down/fails: we stop being interested and we start to keenly monitor the situation for a potential, and often powerful, move the other way. See the ZB setup this morning for an example. We don’t know what will happen, but we have a plan for each scenario. Makes sense? Trading this with Momentum or Momentum Pro is recommended because it will give you the signals and thus extra confidence.

Note: See your DX chart. The currencies below reflect the move on the DX. After weeks and weeks of nothing, life (momentum) has returned to currencies. We’re monitoring the following setups for potential entries:

Notes: Today was breakeven thanks to the currency trades in the afternoon. Currencies are moving at last, and we’ll be watching them. Also, I abandoned an NQ in the morning, my time stop told me to get out, although the trade would be a winner by now. (One more reason to stay on the 240min timeframe.)

I’m realizing I’m sending too many emails, several emails of the same setup. I will stop doing that. My main timeframe is the 240min (4hr). I’m always looking for setups on that timeframe, and confirmation on the dialy. I use smaller charts (15min or tick charts) only to finetune an entry that I see on the 240min and to trail a runner. 240min is the ‘trading chart’, it’s relatively noise-free and still shows the intraday action. That’s what has worked for me, and that’s what produced the equity curve of past year. Now, if you trade smaller timeframes (I advise you not to go below 15min or similar though), that’s fine, but then I suggest this:

1. look at the setup I sent you by email on the 240min.

2. if you’re trading the 240min, just follow me

3. if you’re trading a smaller chart, time your entry on the smaller chart a la “Precision Chart” style, i.e. look for a pullback i.e. a Momentum signal (arrow or BH stripe) on the smaller chart. Think 1R on your own timeframe.

4. I will only send one email of one setup, even if it can be ‘translated’ into one or more trades on the smaller timeframe. That also means I may send you a chart at, say 2am, setting up, but it may only trigger at noon. I will not resend the same chart. To keep track, just use pen and paper to write down what instruments we’re watching. I will continue to send you an email, though, if we get triggered into the trade.

5. I hope it makes sense, feel free to write with any comments. Thanks!

PS: the chart on the left shows in practice, yesterday, and today, what I mean above. The setups are on the 240min (in this case, supported by the daily). But you can enter on the Precision Chart! (e.g. a 1000 tick chart), see red circles.I hope it makes sense. This is a beautiful methodology and it works!

FOR THE TRADING DAY OF Wednesday, 2019 04 24

Which timeframe you do ZB (see below) will depend on your money management rules. We’re standing by for the 240min trigger.

3pm update 6J: working. ZB: waiting for trigger on 240m. Indexes: consolidating (bullish for tomorrow). 6C: working. 6B: working.

Notes The indexes have, for all practical purposes, reached the all-the-time-high area. This is historic. What happens next, of course, nobody knows. What do we do? We observe and watch for clues. What are watching for? Price rejection. The more time price spends in this area, the more likely a bullish continuation. If, however price cannot stay at this level, that may be a sign of price rejection, in which case, we may switch into bearish mode. What we will not do: get chopped up. Once I see clues, I’ll share them with you. This is not a time to rush in.

News: 10.30am CL. I’d rather see a deep pullback on CL on the 240min before thinking of more longs. Although we may not get it.

General note: sometimes I may mention a term that may be new to you or which I use with a particular meaning. You may want to google the remek.ca website quickly to see if I ever wrote about it on the Remek! website. Say you want to know if I ever wrote anything about a ‘complex pullback’. This is what you would enter into google: complex pullback site:remek.ca. This way google will only search within the remek.ca site. Many of you will know this trick already, but I thought it’s worth putting it here.

Let’s see what the morning brings.

FOR THE TRADING DAY OF TUESDAY, 2019 04 23

3pm update A great day, see trades below. Expect more difficult days than this, down the line :)
Good reading and trades on the indexes (ES, NQ), which are no extended, so we’ll wait a bit for them to come back before we turn into a cheetah again :)

Our GC and 6E trades worked nice, further proof that our method has an edge. Notice how we manage these trades: a) first target = previous high/low b) second target = 1R c) third target = runner. Sometimes “previous high/low” is all there is in the trade, so you have to make sure you pull up stops, and remove profits if there is no more “steam” in the move. Yes, GC and 6E turned, but we were long gone by then.

Thank you for joining me this morning! If you have any questions, just write. Done for the day, we’ll be back with more updates soon.

Check out the Premium Documentation.

10am Managing GC and 6E. Secondary entry on GC. Bullish pullbacks on ES/NQ. Managing existing positions only. Daily results as of today.

9am join us in the Premium room, click above (pw: remek-premium_2019)

Notes

• Follow usual process (check news times marked in red: https://us.econoday.com/byweek.asp?cust=us, no intraday trades 10min before and after)

• ES, NQ: look out for pullbacks, difficult intraday environment, consider moving to higher timeframes (min. 240min)- GC: WIP, managing short

• CL: extended on the daily, enticing to look for longs intraday, but I want to see a pullback on the 240m first

• not every day is full of opportunities (i.e. good setups), and this may be such a day. Do not force suboptimal setups just to ‘trade’.

Setups and positions 8am

FOR THE TRADING DAY OF Monday, 2019 04 22

2019 04 22 Daily review and trades

2019 04 21 6pm Daily pre-market preview

Something to consider on the weekend.

Markets closed for Good Friday. We’ll be back on Sunday night. Enjoy the weekend! Here’s the result of the first two weeks of our Remek! Premium trades, trades that we have been sharing with you.

FOR THE TRADING DAY OF Thursday, 2019 04 18

Note: tomorrow, US markets closed. Enjoy the long weekend. Review your trades, read the Documentation, get ready for next week.

We’re not short on 6S. We can’t jump on every horse we see. Note: good to see currencies are starting to move. (6E, DX, 6S), after a couple of weeks of doing not much.

12noon Markets move. Premium reacts. An excellent week on Premium!

10.30am A few good signals this morning as shown in the jpgs below. Good longs on the ES, NQ, one good short on 6E. Tomorrow markets are closed. We’ll continue on Sunday night. A good week, see results below.

It’s a short week, do not load up tomorrow. You may even skip the session. As to the indexes (ES, NQ), we’ve been in a very tight range on the daily chart for many days. So consider this:
a) the market tends to do what causes the biggest damage to most traders.
b) think about what that might be
c) yes: a shakout, followed by a ride to the all time highs.
d) don’t be the one that is shaken out, be the one who rides

My personal take: mostly, intraday traders will be shaken out. Look at the daily chart, past 5 days, then look at the same days intraday. The intraday is a very-hard-to-trade, mostly-random ‘madness’. At the same time, the daily has been just grinding higher quietly. Bottom line, either move up to daily, or scale back your risk if you’re intraday, or, at least tomorrow, stay out.

The bottom line: after so many days of contracted volatility, it would be surprising to see a daily candle with a large bottom tail. Don’t get caught.

Currencies: no trend on DX, still waiting for clues from the market. No positions for now. Our time on currencies will come soon :) and we will rock!

8.30am: session! Click above to join. Pw: remek-premium_2019

FOR THE TRADING DAY OF WED, 2019 04 17

7pm update: another good Premium day. We’re flat.

Here’s a snapshot of our in-house Premium Momentum trades. This methodology works.

Consider the ideas below for today. News: 8.30am, CL report: 10.30. Short week, less than usual volume. 1R is fine. Mindful trading!

FOR THE TRADING DAY OF TUESDAY, 2019 04 16

4pm market close:

• CL moved as expected, see daily bullflag.

• GC, index trades, see below.

2pm Closed all trades except overnight ones. Equity curve below. Back in the evening and/or early morning.

Our trades are working beautifully. See emails for details. Manage trades well. Be ready for a trend day on the indexes. In good times, too: stick to your risk rules!

for the trading day of MONDAY, 2019 04 15

https://us.econoday.com/byweek.asp?cust=us

Timeframe conflict on the CL: what may look like a bearflag in the works on the 240m chart, is actually part of a bullflag on the daily. We do not go against the HTF structure, so we skip this trade idea on the 240m chart and focus on the bullflag on the daily.

Positions working well.

GC SHORT, ES, NQ LONG