#ES_F (#SPX) & NQ_F Week summary & probabilities for the week of May 5-10. Plus: RTY, YM, CL, GC, TLT, ZB, ZN, NG & MAG 7.
Another profitable week, was not as "fat" as past several but no complains. Some structure things change (esp on NQ) this past week. More about all in the post or in the daily Discord chat.
Overall it was good week.
I could probably do better on one or two trades, but that is life. Because I was aiming to trade smaller supply and the price was often around the decision region that either tier bulls or bears might stir up, and even though I was literally long from the week lows, I only took profit on a smaller portion of the entire move but did other trades that build up not bad gains anyway. 4h and 1h TFs were holding everything they had to prove since they flipped progression so def the signs were there (talked about it in chat and even in short video posted Friday). We got achievement by bulls, particularly on NQ. Tad more details again about it below and daily in Discord chat.
In quick summary, I locked this week between both accounts:
+109 points per contract on ES with 4 stops (from -3 pts to -14 pts )
+33 pts per con on NQ in two trades, one for win and one for loss
+40 pips on Oil in one trade
+20s to +80s % on three SPY strikes, and wasted one lotto play too
Basically everything I do / think / TA about markets is shared in chat daily before fact or live at latest anyway.
For more information on how to participate in the Discord chat (paid newsletter subscribers only without NO extra cost) for any updates during the day, check the post if you have not yet:
I would suggest that any new subscribers view the primary methodology post with over 40 pages in it, which is available for free to anyone!.
Those who would like to continue receiving updates can find additional information here:
More detailed daily updates with charts, probabilities, progression level updates for each timeframe, ATR levels, and my trading plan will be posted in daily posts for every trading day. Daily post for Monday with more details will be done and posted Sunday evening.
Keep reading with a 7-day free trial
Subscribe to RHINO's Substack NewsLetter to keep reading this post and get 7 days of free access to the full post archives.