Daily Recap 08/09/2022 +/-$0 - Range-bound Market


Staff member
I commented for our group live this morning on the Emini S&P 500 futures. We did not enter any trades. $ES_F was higher overnight but slipped into the red as the open approached.

It’s been said when you’re a hammer everything looks like a nail. That can be very tough when you’re trading a market that can have multiple environments and patterns.

Because the market is rarely if ever all trending or all range bound, you need to know how to identify a range and how to trade it.
We use the B4 Trading System to identify a ranging market early on this morning and I decided not to take any trades.

The CPI is reported at 8:30 a.m ET Wednesday, and is expected to show that inflation has finally peaked, and will likely be a key driver for the short-term direction of travel for the markets. Investors will be looking at tomorrow's CPI to determine whether another 0.75% rate hike in September is coming, or the Fed can pivot to tightening at a slower pace.


Hope everyone had a great day.


“The live is fantastic, great.. honesty.!!!!!!!. EVERY session I learn something new. The nuggets of information are valuable. The thought process behind each trade is VALUABLE. One item that has had an effect on me and something that I would forward to all new traders is this. Pay close attention to how slow @Chuck's decision making is in the analysis of the charts and entries and exits. If your process is speedup don't risk your capital. Just keep practicing a bit more until the process slows down for you also. I am (lucky) that almost every time I speed up my process, it costs me so that I wasn't under the impression that a speed up LUCKY entry or exit was sustainable. BE PATIENT, ENJOY THE PROCES YOU WILL GET THERE. Trading is SURGICAL.. Like I told @Chuck every day he is live if I’m able I’m goin to log in. VALUE VALUE VALUE!! THX BROTHA” - dalebat

“Thank you @Chuck for the live sessions. It takes a lot of patience to explain what you're seeing. It's amazing to see how advanced you are with a lot of the indicators, especially the ichimoku. You're the ichimoku master!! We're so lucky to be able to learn live from you in how to use these powerful tools. It's building confidence for me as a newbie trader. You are the best! Looking to continue to learn from you.” - jaewonder

“Last 2 Live sessions with @Chuck have been awesome. I am new to trading Futures and have that mental block due to the risk associated with trading futures. So it always helps to hear other's thought process . Either it reinforces what you have been thinking about or might highlight something that you failed to think about. I did enter the /mes trade today with just 1 contract and was able to hold it for about 16 point . I am sure these sessions will help everyone who is in similar situation to mine to grow their confidence in trading futures.” - Raap

We use advanced Ichimoku technics in our day to day analysis, that you will not find taught in most rooms. If you are interested in learning more about that and how we use the B4 Trading System as a whole, I encourage you to reach out, I would love to give you a live demo!!!


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