Trade Recap and Weekly Overview

Jul 5, 2024

Trade Recap and Weekly Overview

Personal Weekend

  • Spent time backtesting and working on trading skills.
  • Focus on optimizing performance after not having an optimal past two weeks.

Current Trade Recap

  • Current Trade: Open trade not yet finalized.
  • Pairs Watched Today: S&P 500 and Gold (due to Pound holiday, avoiding GU and GJ pairs).

Upcoming Weekly News and Trading Plans

Tuesday

  • News: High-impact U.S. news at 10 A.M.
  • Plan: Possibly take the day off depending on market impact.
  • Activity: Will be on Zoom to review and analyze.

Wednesday

  • News: Non-farm employment change, GDP, pending home sales (all high-impact).
  • Plan: Likely to take a trade as news should create volume and direction.

Thursday

  • News: Employment and unemployment claims (one hour before market open).
  • Plan: Likely to take a trade post-U.S. market open.

Friday

  • News: Non-farm employment change, unemployment rate, ISM Manufacturing PMI (high-impact).
  • Plan: No trading due to excessive high-impact news.

Trade Management

  • Current Trade: Gold trade hitting take profit levels.
  • Update Discord: Notifying Discord when take profit levels are hit.
  • Switching Broker: New brokerage is performing well with good fill rates.

Weekly Analysis

Gold

  • Weekly Timeframe: Bearish broke structure to the downside.
  • Monthly Timeframe: Bullish, looks like liquidity sweep with potential to push higher.
  • Daily Timeframe: Sweep of lows with a reaction up, waiting to break structure to the upside.
  • Four-Hour Timeframe: Big extension up indicates structure break to the upside, price filled fair value gap, entered at accumulation area.
  • One-Hour and Lower Timeframes: Entered based on liquidity sweep and fair value gap closure.
  • Target: Aiming to ride higher due to monthly trend.

S&P 500

  • Weekly Timeframe: Originally downtrending, now breaking to the upside after sweeping monthly lows.
  • Plan: Expecting price to push into prior accumulation areas before continuing higher.
  • Short-Term: Looking for high-confluence areas for potential trading opportunities.

Trading Strategy Moving Forward

  • Focus: Larger timeframe biases (monthly, daily, weekly, hourly).
  • Goal: Avoid lower timeframe noise, focus on high-probability setups.
  • Execution: Wait for trades to come to us based on larger timeframe analysis.
  • Target: Long-term positions in line with high-timeframe sentiment.

Discord and Community

  • Discord Access: Opens first week of every month with capped entries.
  • Waitlist: Available for early access and discounts.
  • Content: Live trading sessions, weekly analysis, and trade recaps.

Final Thoughts

  • Boot Camp 2.0: Providing raw, sustainable trading content.
  • Effort: Aiming to be locked in and focused, but also balanced with natural fluctuations in energy and focus.
  • Goal: Improve trading skills and overall life quality for participants.

Much love, keep getting after it, and peace out!