This week: my trading plans and some interesting prop firm updates!
Inside Bobby’s head
US indices
We’re trading at all-time highs. If you know how I trade, you’ll know I have no interest in shorting a market just because it’s high.
I’d rather follow the trend.
But THE real question is: where do I buy?
On Nasdaq futures, I’m watching the zone between 31,800 and 31,400, below the weekly VWAP.
If price comes back into it and buyers show up again, I’ll consider going long.
Otherwise, I’ll sit it out. No need to force a trade.
Gold
Gold is a little different.
After its decline, the market is moving in a range within a broader downtrend.
And honestly, that’s not my favourite setup.
I’ll mainly be watching for a break above $4,260.
If price can break that level and hold above it, I’ll look for continuation towards its previous areas of acceptance, around $4,300 or even $4,400.
The idea would be to look for a long entry at my algorithmic levels, particularly VWAPs, instead of chasing price.
But if strong buyers don’t step in to push it higher, I won’t hesitate to short a move back below $4,175, and perhaps ride the downtrend further.
Prop firms
For smaller budgets: Apex
The ever-present Apex is back with 92% off its accounts.
The 50K account comes to €87.
But the offer ends at midnight tonight...
For bigger budgets: FTMO
FTMO is also offering €100 off its 100K 1-Step account.
That brings the price to €300 instead of €400.
Topstep: a new Labs account
Topstep has just released Labs #007.
I’ve had a look, and honestly, I’m not that excited about it. So I’m not going to sell it to you as a revolution.
P.S. I’ve also released a video showing how much money I’m left with after a $1,000 payout. I’m counting on you to subscribe.
These are my personal trading plans, shared for information, not investment advice.