My TIMM Trading Pit Commentary - Wk Of 4/1/19

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·@rollandthomas·
0.000 HBD
My TIMM Trading Pit Commentary - Wk Of 4/1/19
<center>https://mentormarket.io/wp-content/uploads/2019/03/timm.png</center> <br/><p><a href="https://mentormarket.io/">TIMM (Traders’ &amp; Investors’ Mentor Market)</a> provides the tools analysts need to share their insights in a central location, TIMM becomes a market where traders and investors can shop for the insights they’re looking for.<br>The&nbsp;<a rel="noreferrer noopener" href="http://mentormarket.io/tradingpits" target="_blank">Trading Pits</a>&nbsp;are, in some ways, the main meeting place for TIMM. Here you will see folks sharing insights and asking questions about markets.    </p>
<p>  Commentary from this past week includes:   </p>
<p> The Russell 2000 futures daily supply finally got breached after holding several times. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-49-1024x474.png" alt="" class="wp-image-14163" />
<p>  <br>Didn't take trade, we had demand form on the 2 min chart right before the zone. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-50-1024x475.png" alt="" class="wp-image-14164" />
<p> A beautiful 30 yr bond 60 min supply zone that just hit. I'm going to a 2 min time frame to see if I want to take the trade or not. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-51-1024x480.png" alt="" class="wp-image-14165" />
<p> Decided to get out of my bond trade tonight. With non-farm payroll tomorrow morning, I didn't want to risk giving up all my profits. The trade was good for a reward:to risk of 7:1. If the job report is lackluster and the 10 yr bonds spike to one of the yellow boxes, I will consider shorting it again. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-52-1024x475.png" alt="" class="wp-image-14166" />
<p> Oil is at levels not seen since November 7th of last year. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-53-1024x476.png" alt="" class="wp-image-14167" />
<p> Nasdaq at six month highs, but price is sitting in weekly and monthly supply zones. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-54-1024x474.png" alt="" class="wp-image-14168" />
<p> New 4 hr demand formed yesterday on the S&amp;P 500 futures. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-55-1024x476.png" alt="" class="wp-image-14169" />
<p> S&amp;P 500 futures in 4 hr supply, I don't anticipate the zone holding and think price marches higher. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-56-1024x478.png" alt="" class="wp-image-14170" />
<p> So I decided not to get out of my 10 yr bond short Friday afternoon because price was in weekly supply and near monthly supply. Since then, price has formed new 4 hr supply (yellow squares) on the way down. I might just turn this into a position trade and ride it all down pending price action at my new target. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-57-1024x475.png" alt="" class="wp-image-14171" />
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-58-1024x477.png" alt="" class="wp-image-14172" />
<img src="https://mentormarket.io/wp-content/uploads/2019/04/image-59-1024x472.png" alt="" class="wp-image-14173" />
<p>This post is my personal
opinion. I’m not a financial advisor, this isn't financial advise. Do your own
research before making investment decisions.</p>
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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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