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Bullish Pressure Holds Into Non-Farm Payrolls- Feb 1, 2019

This morning traders wait for non-farm payrolls releases with the SPX spread expiring today at 18 points around the 2700 strike leaving us 2718-2682 as our ranges of priced motion.

Buyers remain in charge -still clearly willing to press prices higher. the problem remains that the thin volume upside suggests that we will retest and fill in those areas, but when remains blurry. Note the edges in the youtube video (YouTube.com/TheTradingBook ) How high is still unknown, so don’t try to find the top.  

The trading momentum still shows tests of higher resistance as a potential.  It is the failure to hold higher that will flash the first warning signals.  RESTATING ONCE AGAIN – IT IS THE FAILED RETEST OF NEW HIGHS FOR WHICH WE ARE LOOKING. Out Metastock swing system says to look for the FAILED highs as our entries short…. this means that how well we bounce here over the next couple of days will bring us to engagement.  

How about finally starting that trading journal?

You should – Here’s an easy way to keep track of your progress

PROTECTED DATA SITS BELOW –

IF YOU CAN SEE THIS LINE, YOU ARE LOGGED IN 

NEW LINK FOR TRADING DATA EXCEL SPREADSHEET –

Please download the dropbox for the newest data

Webinar link for the week beginning Jan 28, 2019

TODAY’S WEBINAR RECORDING LINK

STUDY SESSION FROM 1-30-19 – webinar recording

YESTERDAY’S webinar recording

HOW TO TRADE THIS SPREADSHEET AND TRADE MECHANICS IN GENERAL- STUDY VIDEOS SERIES

TRADING TARGETS FOR 2-1-19 – PLEASE READ NOTE SECTIONS CAREFULLY AND ASK QUESTIONS FOR CLARIFICATION
TRADING LEVELS PERFORMANCE FOR 1-31-19

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