Daily Trade Recap 08/08/22 called out 11.25 pts.

Chuck

Moderator
Staff member
Hopefully everyone had a good morning, mine was not so good.

I commented for our group live this morning on the Emini S&P 500 futures. Called out three trades, one for a loss and two for the win.

I was having technical issues last week and thought they were resolved. Entered a trade this morning and my system locked up. I was finally able to exit what was once a wining trade, (now a loss), then when I tried to enter short my orders got rejected twice. That did not stop our members from having the opportunity to benefit from the live analysis.

Early in the session everything was setting up for a long. Price pushed up into one of our key zones, I was a little apprehensive but we had confirmation for one of our set ups and I entered long. I knew right of the bat I needed to keep a short leash on it and when I went to move my stop loss I realized I had an issue with my broker.

On the bright side some of our members had an opportunity to grab 5 pts on the first move. !

After I was able to get out (taking the loss), I focused on the Chikou. It at the time had come into contact with price, when that happened I was looking for consolidation or a short because I noticed the Kijun-Sen was over the Senko-Span B, with SSB facing down. We had just had a weak TK cross and price was being held up at our brackets. Our brackets are amazing dynamic support and resistance, when they broke support at 7176.50 It was game on to the short side!!!!

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TWITTER

I called out two shorts with exits according to our exit rules one for 7.25 pts and the other for 8 pts.
The first trade that was a loss of - 4 pts. So all and all it was not bad for a total of 11.25 pts.
Hopefully I will get this issue resolver or I will have to change brokers.


Hope everyone had a great day.



TESTIMONIALS


“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



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