NAZ range for Fed Day. Long above 12146 (white line) and Short below. Looking for initial Pop with stall and drop to mid or lower channel. Lower channel break, NAZ may try for 11650. Circle is decision zone and POC. May see a capitulation type sell off (white arrow). Wide range, but less from the move out of the decision zone. Looking for more slight Pop/Drop. KL 12329 in opposite direction may be the trade. Normal I do not forecast the Fed Day, and maybe I should not. We will see, this one will be interesting.
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Note: For those that follow, after 3 years and nearly 500 Daily TV Post's, I will be ending the Daily Forecast & Intraday free service. I am moving to a private service that will use TradingView Charts, including my IDS Indicators. Message me if you have interest. I will continue some usual post's through the end of January or so, until new program is ready. Thanks for following and all your support.
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YTD 4HR View
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Circled sessions were pretty weak and appear to prop/offset. The rejection at 12,300 and failure to pass today, plus today's very weak price action makes me lean toward the idea of an Air Pocket bust. Looking back, just seems propped a bit and we have seen how that plays out.
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Many new followers and more have expressed interest in my next service, welcome and I will be in touch when ready. Until, use this time to get familiar with the system, calls and lingo. KL's are Key Levels and the most important piece of information. I post these daily and have minor and major. Example last night we had hit at 12148 that got rejected and fell to KL 12100, then bounced back to KL 148. Scalping is what we do until a break out of the KL's.
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IDS50/20, use IDS 20 (right) for Scalps and set ups and 50 (left) for confirmation of Trend. Circles show "trades in opposite direction at KL". Bread and butter most of the time and yes you will get crushed on some of these, it happens and this program is not perfect so use a STOP. If KL gets passed, it will usually come back and retest from above or below prior to "breaking out". Like now at 148. This is a great example, the trader that took the scalp at white arrow is sitting back waiting to hit 148, at 148 he/she is watching the price action to see next move. So how cam he/she get crushed if Entry was 50 points away? This is why I ask if you post trades: Name your entry prior to the move and name your target. Anyway, we may have a Runner here until Open. Good Luck today, I am in/out again.
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The Daily Post is just a guide and not a Guarantee. The KL's are all you need to care about and I post these as the day unfolds. Scalping is not for everyone, so you may want to go elsewhere.
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12225 is new KL
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White Arrow above/Near KL is Long and Yellow is take profit. Circle is Add to Long or start of Short developing. KL 148 is used when basing a decision, above 148 with add will target 225. No pass at 170, look short back to 148 & 100
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Entry, Target, Direction, Reverse. You should be doing this anyway on all your trades, scalps or investments. A Scalp is just a short term investment, same ingredients. You just have be able to Execute and this is where the challenge is and why so many (investors, FOMO's & BTD's) can be offended by Scalpers. They can't execute and that is a problem.
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Now under 148, Short is developing, watch the Stoch fall, it has to fall and watch the 50% level as the Hook back will burn you and these are the best Longs. This trade is higher risk than previous 3.
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Open Session price action recently, has been somewhat odd and weakish looking. Expect the Pop's and watch the stall outs. These may develop into deeper drops and retests. Under 123000 is what to watch and failure to get past is a Strong Short. The Knee Jerk later will clean out both sides and then most likely drop, that is my take and I could be wrong.
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This is what I have noticed. The weaker the PA looks, the higher it goes. This is new and not sure what is developing here?
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Bottom 1st 30M test.
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NAZ staying under KL 12148. Trades at near KL's in opposite direction are working. I will be surprised if NAZ sells off and actually goes to lower target, after BTD's have been loading up and are now sitting ducks. . If it does, MR. Retail will leave and never come back. I doubt they want that. Watch 12080.
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This move at KL 12100 is key the next big direction and may be the Head Fake that really takes it lower, so careful here, Back later.
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Watch the Diag TL (Diablo), NAZ out of here will fly or drop at no pass. Many times it will rotate around as it goes lower.
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Thick Orange TL to left was a good one and set up 2 trades.
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So far just a teaser. And then the release, I would wait. Would ideal if Stoch on IDS20 was lower.
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IDS50 and lines Grey, Yellow are KL's lower. Above is easy as it will up until it does not, then look to take profit. I will be on a train and out in 20 minutes, so good luck. I am flat and rarely trade the actual release. May jump in later near close if I get back. The circle is some of the strangest weakest PA I have seen in a long time. So expect a Pop as tricks can be played out 1st. I will note and have mentioned prior that prior releases of Govt Issued News had zero to 50 point pullbacks only prior to going 300-500 points up in minutes. One of these gave it all back by the close.
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Careful, they got you programed today that a 20-30 point move is something, baits you in and rips the other way. I could be wrong. Back later.
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Crazy move, just keeps climbing. IDS50 is left and 20 is right. KL 12070 Opposite direction did signal. Once that kicked, NAZ needs to stay above 1st and 2nd white on IDS50. I would love to Short but I do not see it. Great calls by Follower SaneusiRsebuN
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This is what to look for:
Trade closed manually:
Will be back in tomorrow, most of day.
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Tricky, many notes and the Market moves in opposite to what the Noise blurts out. This will most likely come back. Diablo POP and shallow Pull Back the only clue. KL hold and pass/stay at 12225 was next, switch to IDS50 and (do not look at IDS20) when Ticks get crazy high, aim at upper Target,
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Not in, but SaneusiRsebuN last trade may be an Edge Trade, just like 12300 last week. Watch the level and no pass, is next Edge Trade.
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When IDS50 is above 2 lines, the yellow arrows are Longs. (as Long as the price stay above 2nd white, you should be good for pop back to drop point. Just crazy how many points exist when the NAZ gets moving, that is why I do not care if I miss a 400 point runner when I am on a train.
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Still think Edge Trade will play here or soon.
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For those that are old and new to Post's. If you missed the day or much of the move, do not worry. The normal average intraday PA will generate 300-400 a day with IDS20. Not that you will get that, but you will see it come and go. You just need to develop the skills to catch it. These one-way days are harder, as you get 1 shot and can miss it.
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Go back to last Friday when I was usually Bearish and wash looking Short and got stopped. The 12300 Edge Trade KL Call, ran 450 points. I mentioned that many times I am early and have seen opposite moves prior to the move I am looking for. I believe that may play out here. Next few days may be sideways to slow lower PA. These U Turn Govt Issued News days have been a major part of lifts going back many months, then they fade as earnings and such need to be there. Average drop is about 400-500 points after a 700 point lift. We are close.
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Regarding Followers making calls, I encourage it as long as you provide Entry, Target and Close/Reverse or stopped out (Call needs to be prior to be at/prior to the move). Once the NAZ gets going, there are too many to play and sometimes I will miss some or I am in a trade. Other views can add opportunities (if the person is good). I will caution that trading counter trend, pull backs and such is good but can have you focus on the smaller of two trades when the NAZ gets ripping. Play your game and take in the info as we go. You do not have to use it, at least you have the option.
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NAZ got to with in 30 points of my upper target, crazy. When I left today it looked like it was stuck 300 points lower. The Targets have been accurate over the past few years (you can review each day). Keep this in mind if you start to overtrade and keep your eye on the KL's. Once the NAZ locks on direction, it usually travels to/near the targets.
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Chart is current run and pattern. Next move up another 200-300 is unlikely with out some pull back.
