YM CPI 4 Hour CPI Swing Trade Idea 700 ticks
The 21ema on the 4 hour is flat
Price is pulling back into the flat 21ema
Look for a bullish surge off of the flat 21ema
Can be aggressive and enter short on the close of the CPI 4 hour bar at 10am EST with the expectation of no follow through
Can be conservative with a sell limit at the 50% mark of the bull surge bar. Targeting the demand candle of January 25th
Price level: 38,200
160 tick stop
700 tick target
Estimated holding time 6-8 days
Price is pulling back into the flat 21ema
Look for a bullish surge off of the flat 21ema
Can be aggressive and enter short on the close of the CPI 4 hour bar at 10am EST with the expectation of no follow through
Can be conservative with a sell limit at the 50% mark of the bull surge bar. Targeting the demand candle of January 25th
Price level: 38,200
160 tick stop
700 tick target
Estimated holding time 6-8 days
Comment:
On the hourly chart, I am looking at something like this. I will be trading the NY open and NOT the CPI. I have the expectation that there will be a pop up and no follow through for a sell back down.
Comment:
On the 15 minute, the 200sma is equivalent to the 4 hour 21ema and they are both flat. Flat means range. Range means Sell pops.
Price is hitting my yearly up channel perfectly
Price is hitting my yearly up channel perfectly
Trade closed: target reached:
I was bearish on the CPI and I was expecting a huge drop. That did happen as expected. The only thing I did not see was it didn't pop up as planned, instead rolled over immediately. I got in on the close of the first 5 minute bar as the 21ema was sharply declining, indicating way more downside.
Alot of people get scared to enter on such a giant bar, but experience has taught me to enter into violence. Using the draw tool, I draw out the 21ema ahead of time and see that it is rapidly falling with more downside. I had a whole 5 minutes of that bar to get ready.
Alot of people get scared to enter on such a giant bar, but experience has taught me to enter into violence. Using the draw tool, I draw out the 21ema ahead of time and see that it is rapidly falling with more downside. I had a whole 5 minutes of that bar to get ready.
