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Newsletter / Blog


2018-04-04
ES #F First target reached


ES #F First target reached

On March the 15th we warned to be cautious trading to the long side and showed the weakness that developed in the ES. Our first target set of 2576.75 was reached on Monday. Yesterday we saw Supply dominating later in the market session. A rebound to the 2785 – 2807.25 area is a possibility as some supply entered the market. If price do not trade higher in today’s session taking out Yesterday’s high, some more downward movement will occur. We have seen some high Volatility readings which caused some wild price swings. If Volatility subsides we will probably see smaller price swings with some sideways price action, so be couscous. If Mondays low at 2552 is taken out, substantial downward movement can occur.

We developed a Supply and Demand Dashboard, based on Internal Fundamental market data. This Algorithm displays 4 crucial data sets in a dashboard, showing the Strength of Supply and demand, Cumulative price change, Supply OR Demand dominance with direction and Relative Volatility. On the 234-minute chart we can see clearly that Supply entered the market yesterday, with some strong Supply/Demand readings, Supply dominated and Volatility decreased, the ideal scenario for an up move (rebound). The Cumulative price swing from market close the previous day to close yesterday was 38.50 points ($1925 per contract).

Since we tested this new Algorithms, we nearly doubled a $5000 account in just over 2 weeks, with 14 trades, having only 2 small losing trades, with one to three contracts. We will be releasing this new Market Supply and Demand Dashboard probably as soon as the weekend.

RISK DISCLOSURE:

The information delivered here is for educational purposes only and is not intended to be a recommendation to purchase or sell any of the stocks, futures or other securities referenced. All references are for illustrative purposes only and are not considered endorsed or recommended for purchase or sale by MC Trading.

Trading Forex, Stocks and Options, Futures and any Commodity or ETF contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results and no representation is being made that any account will or is likely to achieve profits or losses similar to those shown. MCTrading has taken reasonable measures to ensure the accuracy of the information contained herein and on this website, however MCTrading does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or from an inability to access such information or any delay in or failure of the transmission or receipt of any instruction or notification in connection therewith.


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