Pre-Bell Futures Day Trading Strategy - 18 Nov 2024
"Success in trading isn't about predicting the future—it's about preparing for it. Stay disciplined, trust your strategy, and remember that patience and risk management are just as powerful as any market signal. Today, trade with confidence and focus on executing, not chasing."
Based on the provided data and recent market developments, here's a detailed day trading strategy for the specified futures contracts as of November 18, 2024.
E-mini S&P 500 Futures (ES=F)
Market Overview: S&P 500 futures are trending upwards, supported by strong corporate earnings.
Technical Analysis:
Resistance: 5,915.75
Support: 5,886.50
Trade Scenarios:
Bullish: Go long above 5,920, targeting 5,950 with a stop loss at 5,890.
Bearish: Short below 5,880, aiming for 5,850 with a stop loss at 5,900.
Trade Rating: High for bullish trades based on recent performance.
Ranked Recommendations
NQ=F: Best probability of success due to strong tech momentum.
GC=F: Reliable bullish setup amid safe-haven demand.
RTY=F: Small-cap growth gives a strong edge.
ES=F: High potential due to corporate earnings.
CL=F: Volatile but promising if conditions align.
YM=F: Mixed sentiment; proceed cautiously.
ZN=F: Moderate opportunity; follow bond market signals.
ZB=F: Least attractive due to consolidation phase.
Focus trades on NQ=F and GC=F for maximum success probability and avoid ZB=F for now.
Day Trading Strategy Disclaimer
ALWAYS DO YOUR OWN ANALYSIS. NO ONE CAN PREDICT THE STOCK MARKET, BUT YOU CAN MAKE INFORMED DECISIONS TO INCREASE YOUR CHANCES. IN DAY TRADING: MINDSET AND ATTITUDE BEATS SKILL. CHOOSE THE SCENARIO THAT MEETS YOUR RISK AND STRATEGY AND SECURE THE WIN. NOT EVERYDAY IS A TRADING DAY AND ALWAYS LIVE TO TRADE ANOTHER DAY
The content provided in this blog, including day trading strategies, technical analysis, and market insights, is for informational and educational purposes only. The information should not be construed as financial advice, investment recommendations, or an endorsement of any trading strategy. Trading futures, options, and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
You should thoroughly evaluate your financial situation and risk tolerance before engaging in any trading activities. It is advised that you consult with a licensed financial advisor or professional who can provide personalized investment advice tailored to your individual needs.
The author and publisher of this blog do not guarantee the accuracy, completeness, or timeliness of the information and will not be liable for any losses or damages, including, but not limited to, any loss of profit or investment, which may arise directly or indirectly from the use of or reliance on such information. By using this blog, you acknowledge and accept these terms and any inherent risks associated with trading.
Risk Warning: Leveraged trading can result in losses that exceed your initial investment. Please trade responsibly.
