Trade Aptitude

Results of Friday’s Best S&P Futures Turning Points: Buying 4412.50 filled in the Globex session last night.

Today’s Best S&P Futures Turning Points (consider wider stops and less size in fast moving markets): 

Buy 4387.00 stop 4383.25. Short 4443.50 stop 4449.25.

The World Sentiment Index: (+100/-100) jumps from -29 to +21 in a world of mixed sentiment and low volatility.  

Catalysts: Nothing impactful on the economic calendar. Scattered Fed-speak. 

Quick Tip: Night Moves

Friday’s buy @ 4412.50 triggered at 2:04 AM ET last night while most of us were sleeping. The trade is still open with 15 points MFE (Maximum Favorable Excursion). 

Staging a trade before bed is simple. Enter your limit order to buy/short at the entry price. Attach a trailing stop equal to the initial risk, maybe a few ticks more. Enter any profit targets if you’re scaling out. 

If you weren’t sleeping you’d likely do better by managing the stop movement based on chart features or percentage of open profit. But in this case, sleep is a healthier alternative! Use the trailing stop. 

The Globex session trades differently than the day session. That’s why our team members receive two trade plans daily, one for each session. Join the team, learn the strategies, and trade live with us daily for 30 days and NIGHTS. Money back if you’re not blown away! Click here for details. 

Trade Fearlessly,

Mike Siewruk