TradersAI TradingPlans - Testing The InterestHey guys,
Hope you all had a great Thanksgiving break!
After a long time of being away from here, we are thinking of publishing our trading plans here every morning, again.
For starters, here's a very simple, actionable, but potentially powerful idea we are looking at for now:
Go short if SPX breaks below 4670 or 4660 with a trailing stop of 9 points - or, exit at 3:59pm (depending on your trading time frame, say 1M, 5M, 15M, 30M, 60M, your final results could be different from someone else).
No long signals for today for our models.
Best of luck with your trading!
TradersAI
Emini
Bulls and Bears zone for 11-16-2021Yesterday market closed around Friday's Close and ETH session is trading in a range.
Any test of ETH session High could provide direction for the day.
Level to watch 4682 --- 4680
Reports to watch:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
Bulls and Bears zone for 11-10-2021Currently, market is trading below yesterday's Low and a rally stalled about yesterday's Close.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4668 --- 4666
Reports to watch:
US: EIA Petroleum Status Report
10:30 AM ET
US: EIA Natural Gas Report
12:00 PM ET
Bulls and Bears zone for 11-03-2021Yesterday, after making ATH market has been trading sideways since.
Any test of yesterday's High could provide direction for the day.
Level to watch 4622 --- 4620
Reports to watch:
US:Factory Orders
10:00 AM ET
US:ISM Services Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM E
Trend Divergence in S&P500 E-mini Futures Weekly ChartHere's something I'm keeping an eye on right now.
I'm not normally a swing trader, but since I do hold some stocks long term, I am always looking out for long term danger to the equity markets. I trade the ES futures intraday, on a 30 minute chart. Every Sunday however, I print out weekly candle charts for all the futures markets that I like to follow. I take my time drawing on them by hand with a pen and ruler, and then put them on the wall above my monitor for the trading week.
There is a divergence between the new all time high in ES1! and the lower high on the volume weighted directional bias. Now, on shorter time frames, these divergences are not uncommon, and always a warning to take profits if you have been trading in the direction of the trend. I have yet to see a case with divergence like this on the 30 MIN chart, where price kept making higher highs and the VWDB finally turned around and followed it upward. Instead, price seems to always eventually roll over and find a lower low before things can rebalance.
I have to admit however that I have not yet seen such a stark divergence on such a high timeframe as a weekly chart. I really do not know how this is going to play out. I will be watching the equity market closely the next few weeks to see. This indicator is still experimental but I have found great value in it so far.