I'll cut & paste from yesterdays prep to save typing:
I'll cut & paste from yesterdays prep to save typing:
We are almost at the 2100 level. Scenarios from here on are a roll over and back to 2000 or we push up and move on to new highs. We could spin around here for a few days whilst the market decides...
A gap down day. Now I'm not really a big fan of trading gaps as I don't consider a "settlment to open" difference a significant occurrence. These gaps where we gap below the prior days range and stay...
We managed to make a little progression upside but it's not a clear break yet, so whilst overall bias is still to a test of 2100, I am still wary of this particular push up being a headfake.
Up to the top of the range and it does look like it's going to break. Then again, I always think that at the top of every range. So today, the job is to watch what happens up here and then join the...
Back from the beach and looks like the market didn't do much while I was gone. I'm still looking for a test of 2100. Right now it's indecisive, I'm still bullish as long as we can stay above the 2020...
Still a choppy market but I'm still biased to the upside and looking at 19.75 as a line in the sand for a long trade. Still biased upside towards 2100
A sluggish day yesterday but I'm still biased upside, looking for 2100 and ideally looking for people to come in on a test to the downside.
The market seems to have taken Yellens comments positively. So into today, looking to see if we can continue this up move and make it to 2100.
At Topstep, our goal is to be where the world goes to safely engage in and profit from the financial markets.
We want to help others pursue their passion for trading without risking their own hard-earned capital.
Your path to becoming a full-time trader is in your hands! Perfect your strategies, learn discipline, earn capital - all with TopstepTrader.
Start Trading Today!We do not offer commodity trading advice or recommendations. © 2024 – Topstep, LLC All rights reserved.
All content published and distributed by Topstep LLC and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as (a) investment advice, (b) an offer or solicitation of an offer to buy or sell, or (c) a recommendation, endorsement, or sponsorship of any security, company, or fund. Testimonials appearing on the Company’s websites may not be representative of other clients or customers and is not a guarantee of future performance or success. Use of the information contained on the Company’s websites is at your own risk and the Company and its partners, representatives, agents, employees, and contractors assume no responsibility or liability for any use or misuse of such information.
Futures and forex trading contain substantial risk and is not for every investor. An investor could potentially lose all or more than the investor’s initial investment. Only risk capital—money that can be lost without jeopardizing one’s financial security or lifestyle—should be used for trading and only those individuals with sufficient risk capital should consider trading. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Past performance 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, because the trades have not actually 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.