I received the CNC alert message around 9:30pm EST last night as shown below regarding The White House trade advisor Peter Navarro’s negative view about China trade deal:
I checked my ThinkOrSwim mobile app for the latest ES price movement as shown here:
ThinkOrSwim mobile app trading platform with customized tech indicators
Then, I immediately checked TD Ameritrade ThinkOrSwim on my desktop computer and observed the ES futures price movement as shown below. (Note: ES futures symbol is SP500 – see Investopia for SP500 details)
ThinkOrSwim desktop PC trading platform with customized tech indicators
Based on the past “China deal is coming” announcements last year which moved the markets big time, I figured out that it’s just a knee-jerk reaction and wanted to go long on ES futures. Around 9:45pm EST, ES price is starting to move up based on the technical indicators and went long on ES futures contract (got in at 3070) to take advantage of the lower entry price.
Then, CNBC alert popped up on my phone, telling everyone that Peter Navarro “made a mistake” on China deal. (yeah sure)
Since it’s late, I set up trailstop on ES trade (15 points spread) to allow it to ride upward while I’m in bed.
This morning, my ES long futures position is closed with nice quick profits.
*Results May Vary From Person to Person
NO REPRESENTATION IS BEING MADE THAT THE USE OF THIS STRATEGY OR ANY SYSTEM OR TRADING METHODOLOGY WILL GENERATE PROFITS. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS SUBSTANTIAL RISK OF LOSS ASSOCIATED WITH TRADING SECURITIES AND OPTIONS ON EQUITIES. ONLY RISK CAPITAL SHOULD BE USED TO TRADE. TRADING SECURITIES IS NOT SUITABLE FOR EVERYONE. DISCLAIMER: FUTURES, OPTIONS, AND CURRENCY TRADING ALL HAVE LARGE POTENTIAL REWARDS, BUT THEY ALSO HAVE LARGE POTENTIAL RISK. YOU MUST BE AWARE OF THE RISKS AND BE WILLING TO ACCEPT THEM IN ORDER TO INVEST IN THESE MARKETS. DON’T TRADE WITH MONEY YOU CANNOT AFFORD TO LOSE. THIS WEBSITE IS NEITHER A SOLICITATION NOR AN OFFER TO BUY OR SELL FUTURES, OPTIONS, OR CURRENCIES. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED ON THIS WEBSITE. THE PAST PERFORMANCE OF ANY TRADING SYSTEM OR METHODOLOGY IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.