Opening Remarks

It looks like we’re reclaiming the opening bounce off the VWAP there.

Initial Trade Setup

This could be a time to entertain the idea of taking a long off the opening to target levels above.

If it grabs the RTH high, that will void this trade idea. Something in the 46 to 44 range could be an entry. I think your stop has to be under the low.

Missed Opportunity and Market Conditions

Getting the small range alert too—that sucks.

Alright, I’m removing my order. Missed the 46 entry by two ticks.

Well, that was our first mapped-out trade—just didn’t get an entry. Remember when we said don’t get too excited by eight-point down candles? Bulls are still in control. We typically do very well in chop, and this is no different. We need real levels. Right now, there’s only one trade we mapped out, which was against the opening.

The 46 to 44 idea only went down to 46.50, so no entry—no trade. Account balance safe.

Once again, another eight-point candle down and bulls are marching right back.

Intraday Long Setup

You get a little pullback to 54 to 53. If you wanted to take a long, everything is on the side of the bulls here. So to be honest, 54 to 53 could be a long.

If you did 54, you’re in. All you got was a two-point bounce. I took 53, and I’ve got a one-point stop loss on it now. It needs to go or I’m out. My stop is now at break-even. Now I’m going to cover commissions. Hands-free. I’m going to lock in one stupid point.

Managing Expectations

I’m flat now. I’d like to see it come to here, to here.

As I said, I’d like to see something from here to here.

This doesn’t mean take the apex trade as a knife-catch type of trade. We could allow it to come down in here, get back up, and give us some ladders. We’ll see if this becomes the first ladder here—or if we’re going to push further down to the 37 level.

Price Action at Key Support

Let’s see if 37 becomes the first ladder or if we continue lower.

Alright—laddering off 37.

39 to 37 could be a long if you wanted to be a little aggressive. Let’s see if you can get a big white candle now.

Protecting the Trade

If this pops and gives us a big white candle, you’re in a great trade. You can’t get hurt now—beautiful.

Alright, congratulations if you took it. Keep a runner back.

Profit Taking and Runner Management

Almost at a 10-pointer. If you had multiple contracts, I’d peel something off here at 10. Keep a single runner back and your day is over—you’re just waiting now. Congratulations.

Big Candle Confirmation

And we got the big white candle we were looking for. Very nice.

End-of-Day Guidance

That’s what we do, guys—that’s what we do.

Will it continue? I don’t know. But we do know the characteristic of the day, and we got exactly what we were looking for.

This is the bulls’ best chance to get the weekly high.

Let’s let it pop the 20.

Let’s say you’re up 22, 23, 24, 25 points—move your stop to 20.

Final Reflection

Alright, this is real-time, George. It turned out that the advice—if price gets to the 22 to 25 area, move your lotto runner stop to 20—was spot on.

Why? Because our indicator is giving us a small range alert. When we see that, we know we’re likely to take out a low, take out a high, and probably return to POC. The odds of a trend day are dramatically reduced.

So congratulations to the traders who took that trade, took contracts off at 10 points, took the lotto runner off at 20 points.

You did great.

And I hope you took the next piece of advice: you are done trading for the day.