review /ym 7/26

Time to review our plan...

1. Fading the gap when we see our entry (hammer or blue TTM candle) would have resulted in us getting stopped out. We can see that price pushes through our first level of support. This would have been a good place to short with a small stop with a target of S2.

2. We observed a extreme TICK reading right around our S2 level. This sparks our interest, we now wait for a hammer or a blue TTM candle and will go long. We wait and then our entry criteria appears and we go long. With little heat we collect 60pts.

3. As price moves upward we see it enter the VA. Now we wait to see if the 80% rule criteria is met. It is and we go long. Our target is the top of the VA or EOD we dont like holding positions over night. We collect 60-70pts with little heat.

/ym for 7/26

Trade plan for 7/26...

1. Again we are seeing a large gap down. This is 2 consecutive days with gaps in the 80 range. We will fade using our rules but use small stops with 20pts targets. This will protect some of our profits if this gap doesnt fully or half fill.

2. We will also look for potential pivot plays. If this short term down trend holds we would prefer shorting opportunities as opposed to longs. Trend is our friend.

3. Also we like plays that involve extreme TICK readings. Just keep an eye out for those and trade in the direction of the trend, this will give us a better probability of success.

review /ym 7/25

Let us review the trading plan for today...

1. Plan was to fade gap with 20 pts targets on either the first hammer or the first blue TTM bar. This would have netted us 20pts. After we saw that 15458 which we had highlighted on our chart as a level of resistance hold and then the market rolled over.

2. In the afternoon we saw the price rebound and begin upward again and enter the VA. This presents an interesting trading situation as with Market Profile there is the 80% rule (look it up) but this trade appeared. We can see that it worked and the whole VA was filled and the top acted as resistance.

3. Also we can see that the whole gap filled by the end of the day. This shows the strength of the market.  This strength made us weary to fade any moves against it (few times TICK fading opportunities appeared).

/ym for 7/25

Trading plan:

1. Gap is very large so I would fade with 20pt targets. Wait for either blue TTM or hammer which ever come first.

2. Extreme TICK moves are our friend and we will look to fade them in the direction of the trend if possible.

3. If range bound then we will use S/R with price action as our trading guide

review 7/24 for /ym

Lets review our trading plan

1. I am not the biggest fan of fading gap up situations but since the /ym gapped up to the high of yesterday we will place a small stop and fade it. We used the high of yesterday as a level of resistance. This worked out and was an easy 30pts for us. Fading both the half and full gap fill would have caused us to get stopped out. This happens it comes with being a trader.

2. As we expected we saw that at 10:00 am the New Home Sales created a panic in the market.

3. Towards the end of the day we saw some extreme TICK moves and were able to fade them to our VA and collect a rough 30pts.

Overall it was a great day to be a trader. There were plenty of opportunities but the key is we continue to follow our trading plan.

/ym for 7/24

Trading plan for 7/24

1. Always check the gap situation. Gaps downs are gifts. Purple line is longer term trend and yellow is short term trend. Wednesday is also a favorable day of the week for gaps but this fact alone doesnt make the choice for us.
2. We have new Home Sales coming out at 10:00am ET this will be noteworthy. Depending on how the market reacts we can be presented with some great panic plays. Panic is our friend.
3. We like trading with the trend but if the market becomes range bound we will use our S/R levels in relation to price action to determine positions to take.

Notable News releases:
PMI Manufacturing Index Flash-8:58 am
New Home Sales 10:00 am
EIA Petroleum Status Report 10:30am

review /ym 7/23

Let us review our trading plan for 7/23

1. We like playing the gaps on the /ym. Our plan was a conservative one due to the size of the gap (>40) but we still managed to collect 16pts on a half gap fill and took almost no heat on the trade.
2. Once we exited the trade we saw it continue downward and eventually fill. Cant win them all. 
3. This gap filling creates another great trade opportunity. Fading gap fills is a play I like to take especially during an uptrend. Remember we said we like trading with the trend. With a target set at the top of the gap we were able to net roughly 40 pts again with minimal heat.
4. Now if you noticed we can see that at our R1 level TTM stayed blue as it tested this level. This is another play that could have been done with a limit of either the days high or R2. This was not in the trading plan but still worth noting.
5. 2 trades-Net total: 56pts

/ym for 7/23

Today plan of attack:

1. What is the trend? We are seeing an up trend.
2. We will play the gap unless the price breaks 15541. This is our S/R level. If this isnt broken we are expecting a gap up so we will look for the first red/hammer and enter the trade. If the gap is fairly large (>30pts) we will use the half gap fill as target 1 and then trail our stop once this has been hit.
3. As we normally do once the market settles will will determine if the day is range bound or trending. This will help us to determine our moves. If range bound will will look for S/R levels and how price is acting in those areas. If trending we will trade with the trend.

review of /ym 7/22

So today we a few interesting things happen

• 1. We wanted to see a gap down...during an uptrend a gap down is a gift and a play we would like to take.
• So we waited and bought the first blue TTM or hammer (lucky for us this happened at the same time). This occurred at 15472, place a stop and then wait for the fill. We took a little heat on the trade (10pts) but we have a trading plan and we stick to it. 
• By 11:08 EST we saw the gap fill and net us roughly 41pts, not bad for an hour of work.
• 2. We did not see the price break 15525 or 15535 so we did not have any interest in a upward move. 
• 3. No extreme TICKs, this made for a fairly slow day for our trading plan.

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/YM for 7/22

How I would trade this

1. Gap play in the morning
1. Buy the first hammer/color change on the TTM trend
2. If gap up less likely to fill
3. Gap down is a gift and will likely fill

2. Trend line is showing upward momentum

3. In the extended trading session we are seeing that R1 of 15525 is holding we also of the high of the previous day at 15535
1. If price breaks both I would see how price action reacts and determine if we can move up to 15573

4. Once market has settled I would start to play the ticks
1. See how the tikis are effecting the markets and use TICKs as confirmation
1. and use pivot plays depending on price action

Notable News releases

1. 10:00am-Existing Home Sales