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Monday - July 06, 2020 Futures Watch /ES opened Sunday night slightly higher than the previous week closing price at around 3121 and have rallied up to their current level. It's important to notice that we're clearing multiple pivot highs and entering a low volume area from weeks ago. Monthly 1h Chart Lower timeframe shows extended outside of our standard deviation range, we have been building volume around 3165 in the premarket and have some general support back down to 3140. SInce we're entering a volume deficient area, I'd like to see a retest of support areas before going higher in order to have a healthier trend to retest 3200. 10D 30M Chart /NQ remains strong and has effectively broken out of a channel high that was used last Thursday for a short play. We continue to move further away from our volume range on multiple time frames, with a few volume areas below us to catch any sort of selloff. I'd be looking for this trendline to act as support in the morning before going higher. Monthly 1h Chart Lower timeframe shows a similar overview, yet we are building more volume at these highs today vs last week, leading me to think the balance area is attempting to move higher. Below the trendline support is very light on volume, so we'll want a clear move away to avoid a quick drop back to 10400 support. 10D 30M Chart /RTY shows some strength to finally get out of Volume Profile high and clear recent pivot highs. A strong move higher can lead to an quick move through the low volume area back to 1500, where I would expect some level of resistance. Monthly 1h Chart Lower timeframe shows less volume support as we breach the Volume Profile High, so we'll need to build more value around 1460 to get a supported move through the upper price ranges. 10D 30M Chart Premarket Review at 9:00 ET $SPY - Gapping up 1.5% into a daily gap range. Overall profile looks good for continuation higher to test PM highs at 321.27 (low of 06/05) and fill gap 318.22. The fact that we are in two daily gaps that formed early in June makes the potential for quick and volatile movements high. $QQQ - Gapping up 1.5% and clearing daily range trend line. Ideally a pullback to retest support and Thursday highs would be confirmation that the breakout is strong and more upside is expected. $IWM - Gapping up 2.5%, clearing recent pivot highs and 144.50 resistance. Usually on strong trend days, this index ETF outperforms the rest due to it being relatively weaker overall, so we may see a huge move higher to 146.69 and 150 breakdown candle from 06/10 Bond Futures down slightly with $TLT once again at lower end of last month's range 162 area. If the overall markets get a breakout, we may see bonds break down again, but at support I'd expect the opposite to transpire until it's confirmed. Oil Futures flat after retesting 41.05 gap fill resistance from 03/06. Nice ascending triangle forming on the larger time frames to break 41 and climb higher, watch for confirmation or breakdown. Natural Gas Futures up around 4.0% and pulling back from 1.864 highs. Expecting a pullback to 1.75 support before going higher. Gold Futures up slightly after retesting 1785 support area and coming again to test 1800 resistance and yearly pivot highs. Silver Futures up 2.0% and climbing to retest 18.85 highs. Clearing 19 would be a monthly resistance break to up to 19.75. Volatility Futures down 3.2% and continuing to sell off against a strong overall market. Coming to retest 27.92 lows and may break to as low as 25 lows in early June. Premarket Sectors at 9:15 ET Strong Sectors: Financials and Energy over 2%, most other sectors near SPY % change around 1.5%. $SMH Semiconductors also very strong up 2.3% with Tech only up 1.5% Weak Sectors: None, MEtals, Real Estate, and Home Builders no volume, so may simply be laggards against a fully-correlated market. Things to Watch: $TSM- Strong Semis and Emerging Markets over the weekend. $D - Catalyst news and strong Natural Gas markets with strong Energy, may trade against overall sector. $BABA - Clearing ATH and consolidating PM with a breakout of PM high on volume around 9 ET.

Who Am I?: My name is John and I am the newest member of Bear Bull Trader's Leadership Team. My favorite trade is the High-of-Day Break. In fact, they make up over 90% of my trades. Purpose: To share my High-of-Day break trades and discuss the reasoning for my entries, partials, and exits. Note: Check out my original presentation on High-of-Day break trading. I made it before joining the BBT Team (attachment in this post) Insights_From_A_Newly_Successful_Trader.pdf

I came across this set of trading drills a while ago: https://www.pricesquawk.com/prop-trading-drills-automated-trading/ While they're geared towards trading futures off the DOM, I think there are some interesting ideas that can be pulled over into any style of day trading.

Hello friends, anyone using CMEG with the BBT promo code AND Kyle's hotkey; would you be kind enough to copy me your hotkey config. I am kinda confused with which ROUTE to use. I have read somewhere that LAMP route is not use anymore; but I am not sure. Thank you for any answer!

Hello, Do you know if u can you show pre market low / high with Price Markers WHILE NOT HAVING pre market data checked? Or only when pre-market data is on the chart? Tks

Also, does it matter which high of the day? For example is it always the 1st or 1-5 high of the day, etc?

Ryan, that's about right in a nut shell. But check out the attached PDF file at the top of this post. It has tons of information on this strategy.

This is very interesting. Thanks for sharing. I'm new as well and haven't come across this strategy. I gather the strategy can be described as follows: Watch for high of the day as established by the 1 minute chart. Watch for increased trade volume and a quick punch through the high. Enter the trade expecting the price to increase temporarily and get out quickly. Did I miss anything significant?

Thursday LIVE -3.9R I've already written this journal entry once. I was at the airport Friday morning , but I guess it didn't save before I had to board. So I'm doing it again, from another airport now. My psychology was rattled before the opening bell, the President was getting ready to talk right at the bell. I knew from the past that things he says can really make the markets move. This caused me to lose confidence in my decision making. ROKU 1MinOrbDown -0.09 This entry was either late, or I had some slippage. Then my partial was early, causing a stop out . NCLH 5MinOrbUp -1.0R I'm happy with this trade, it met my criteria and even had the ABCD on the 1Min. Price quickly went against me once I entered though. BA.1 No Setup +0.34 I saw the MAs and TFL act as support so I went long, but this isn't one of my current trading strategies. I should not have entered. BA.2 5MinOrbDown -0.042 This wasn't a clean Orb, the first two 5 Minute candles had bottom wicks. probably should have stayed away from this one as well. EDIT BA.2.5 5MinOrbDown -1.0R While doing some TraderVue review, I realized I had 4 BA trades not 3, I tried this 5MinOrbDown again. BA.3 LightningBoltUp -1.1R Didn't follow the three touch rule on the pattern. JPM 5MinOrbUp -1.0R Another trade that wasn't as clean as I would like to see. This was trending up, but it had already tried this price level 3 times. I should have sat this one out too. When my trading was over Thursday, I felt bad all day, I thought I traded terrible. After reviewing and doing this journal entry, I feel a lot better. BA1 and BA2 were bad trades, but the others were minor mistakes that I don't feel terrible about. ROKU good trade but partialed too soon, NCLH good trade, BA3 not patient on pattern, JPM, too many prior tests of price level. I won't get to trade today, I'm flying back to work, so I'll be on an airplane at the open.

Nice to see fellow Melbourne traders on here, I'm out in Sanctuary Lakes.

Hello, Thank you all for the positive comments! I've made a few more sheets in the same style for three more strategies. Here they are: 1-Minute Opening Range Breakout (ORB) 1_MIN_ORB.pdf Rising Devil Rising_Devil.pdf Falling Angel Falling_Angel.pdf I personally have taken very few Rising Devil and Falling Angel trades, but they are strategies I want to practice. So bare that in mind and use these sheets as supplementary, "at a glance" information, to the content provided on the BBT website and YouTube. Here are the videos I grabbed the examples for the Rising Devil and Falling Angel strategies from: Meir Rising Devil Recap: https://youtu.be/uhgZ7ohqExI Thor Falling Angel Recap: https://youtu.be/Q1oCiT1hOug

Hello BBT Family This is Rinesh from St. Louis. I am new member (1st day) to this Awesome Community. I have been investing for few years now trying to learn Fundamentals but had no clue to Technical aspect and Day trading. My introduction to Day trading was after I got furloughed couple of months ago and decided to explore this Field. I was very intrigued and excited on the potential of Day trading and joined a Chatroom having beginner's luck followed by humbling experiences to being overly cautious. I wanted to sustain; so I started finding articles , you tube videos and books on Amazon and found Andrew Aziz's "How to Day trade for a Living" and found it so awesome, so meaningful and had quite a few AhhHaa moments while reading it. (Example: Averaging down works 85% of the time but the rest 15% can take many gains away from you) I found the book and the scriptures therein so systematic and soon realized this is a field with it's own Learnings, its own mechanics, its own Science. No matter what I do in life I do it with passion, be the best in what I undertake and Excel. I wanted a structured Learning, Development and Growth. My intellectual mind resonated with Andrew's Book and thought process. So here I am. I am going to start my training, and practice DAS simulator to become efficient in order execution. I am looking to improve in Risk Management and become Psychosocially strong during trading. My desire is to work towards making this my full time Fun! Next Books queued for my mind: 1) Advanced Techniques in Day Trading A Practical Guide to High Probability Day Trading Strategies By Andrew Aziz 2) Trading in the Zone by Mark Douglas. Thank you, Rinesh

Hi All, My name is Swaraj and I am a Solutions Architect(IT Tech Manager) originally from India but now a citizen of the UK. I worked as a Financial Analyst in a bank after completing my MBA in Banking and Finance initially and traded Forex on and off depending upon how busy I was at times with my full time job. Forex, though being a 24 hours market doesn't provide enough opportunities during evening session(UK time) due to ranging market conditions. This problem led me to look elsewhere for some other instrument to trade and that search ended with Andrew's books on Amazon. After reading both his books I decided that I will now focus my attention on Stocks, especially day trading for couple of hours during the day, that suits my lifestyle too. I have been through all the videos now under Education centre as well as doing daily practice through DAS trader as much as I can. I have already seen some improvement in my trading after couple of days, all that just by practising under replay mode. Kudos to the team, both Bear Bull Traders as well as DAS to provide such a feature which I am sure will reduce my learning curve by a significant amount of time. I am all excited and pumped to be a part of this community.

Unfortunately we can't script prices into horizontal lines.... Wouldn't that be nice There is a workaround with the Fibonacci Line tool. To set it up: - Set a hotkey to place a Fib line (script = FibonacciLine) - Press the hotkey and draw a line anywhere on your chart. - Right click on the vertical line and select Config. - Chang the line settings to match this: - Now, when you enter a position and have a stop loss. You simply hit the Fib hotkey, and click and drag down from your entry to your stop. - You will then have nice price targets on your chart that will look like this: As you can see, I'm embarrassingly partialed in my trade too soon!