FOMC 

The afternoon scalping session on YouTube was fun.

ES Warning

In last night’s Battle Plan I gave the following warning.

I did my best to keep reminding you when we were trading live.

Battle Plan 4️⃣ ES Long

🔥 40-Point Long Battle Plan 4️⃣ 

Price touch the tip of the drop zone and catapulted 40 point.

Battle Plan 6️⃣ ES Long

🔥 140-Point Long Battle Plan 6️⃣ (Updated 9/17)

During the afternoon live stream, I said, “This is where the bulls MUST defend.” This was a do or die location for the bulls.

I took two different longs.

One was a small loss. Although my conviction is high, I cannot let my green day go red! I wanted to keep my powder dry for one more attempt.

I got it! 

I jumped in long on the reclaim of the Strong Level and had a nice trade.

BUT…. I added to my winning trade a little too early and missed the bigger run. That is disappointing.  It’s disappointing because I believe this trade will turn into a 100 pointer. You can’t be in every trade nor will you. There’s another high probability trade around the corner. 

It’s funny because IF I not been live streaming, I’m certain I would not have added that early, but it is what it is. This is one reason I like to be up by more than 20 points before adding to my winning trade. It gives plenty room. Man. 

Green over greed. 

Battle Plan 5️⃣ Short

🔥 20+Point Short Battle Plan 5️⃣ 

Well, once we lost the range, as discussed on YouTube this afternoon, you could take the short if you wanted to.

Target Hit. 

My Bull Bear Target

This might be the most important part of the entire Battle Plan tonight.

My target? The Bull Bear Line. 

The target never came to fruition – today that is!

Look at the overnight session and tell me, without snickering, that the bulls were not firmly in control marching toward the Bull Bear Line. That 30-minute trend line held like a champ.

But… Range Rules Ruled.

Instead of breaking north toward the Bull Bear Line, we broke south. Much to my shock and chagrin.

You know me, I love monster pullbacks. The squeezes are equally violent. And today delivered both.

So the target failed. 

Did my trading fail? Nope.  

Did I allow the proposed target to change how I trade? Nope.

Did I keep Range Rules top of mind the whole way? Yes.

Did I express extreme caution about knife catching on break down after losing Battle Plan 4️⃣? Yes.

Did I warn that losing Battle Plan 4️⃣ could be a sight to behold? Yes.

Did we eventually get our turnaround long at a mapped Battle Plan location for a beautiful trade? Yes.

Did you need to take a single trade today on FOMC? NOPE!

LESSON: A target is just that, a target… never a promise. You can’t let a target or a bias or an opinion get in the way of good trading. Anything… and I mean anything… is possible on FOMC.

🔥 Never let what you think should happen interfere with what is happening.

Keep a clear mind and read the price action objectively. 

What is actually happening on the chart? That is always my main goal.

Tip of the Day

Green Over Greed:

Ten points of locked green beats twenty points of maybe.

When the market hands you a gift, take it and smile. Green Over Greed… every single time.

Tomorrow’s Live Streams

Scoreboard

Points Accumulated This Week:

Battle Plan: 120+

🔥 40-Point Battle Plan 4️⃣ on FOMC (SUPER HIGH RISK)

🔥 140+ Point Battle Plan 6️⃣ Long on FOMC (SUPER HIGH RISK) Updated 9/17

🔥 20+ Point Battle Plan 5️⃣ Short on FOMC (SUPER HIGH RISK)

Zoom: 30+

NADA

Core Strategy: 30+ (For Full Members)

🔥 20+ Point 3M FS/BL Long we discussed on Zoom