A Professional Approach to Trading Futures

[steven46]

This was especially fun

Again we had people from our first class
This time they seemed to be in synch with
both the preparation and the initial assessment
of the market. It helped that the price action was
obvious

1) As mentioned (several times) the markets are assumed to be
"forward looking" meaning the data as regards US/China tariffs
is "baked in".

2) Also the Markets discount the volatile news about
US domestic issues.

3) Finally, economic news is relatively neutral, so at the open, up we go

As before, same tools, same method of analysis, and yes, same result

Good luck

 

[steven46]

and we are done for the day, as the skew turns negative

This is a repetitive pattern (Legs 1-2-3 with institutional
algos kicking in to take at least partial profit on leg 3)

I have other obligations to attend to

Good luck