Weekly Plan 6/19
Hello traders,
I hope you all had a great long weekend!
I would like to thank all you readers for taking trading seriously and the results are impressive to say the least. Here are a few readers who sent in their progress report with accurate journaling.
Although it is not all roses. Some of us do struggle with risk management and it is demon that needs to be conquered individually.
It is pertinent that we grow with the mindset of protecting gains.
Moving on,
Focus this short week would be on the UK CPI and UK rate decision.
And then there is Jpow testimony on Wednesday and Thursday along with some sprinkling of Jobless claims data.
My thoughts for this upcoming week:
I think that ES and NQ have topped in the short-medium term. Statistically this week has a higher probability of being a down week. However we don’t let the bias cloud our judgement and trade strictly to our levels.
Crude Oil looks like it will push up to 72.55 where there is a significant resistance.
Gold is somewhat bullish but not so much that I can swing long it. At 1937-41 I will love to swing long it or get some GLD calls. I will keep everyone posted in chat.
Weekly Levels: