Hey everyone! Sorry for being away for a bit, while we did follow my red graph down and I had shorted into some of that, I did not feel comfortable following it back up and went over to trade several 6E contracts instead. Not sure the income difference was much, but it felt like a safer trade following long term valuation of the Euro than hoping stocks regain...
Multiple time frame analysis for Dow Jones Index. Bearish outlook explained. Important key levels & price action analysis. ❤️Please, support this video with like and comment!❤️
Daily/4h/1h time frames analysis for Dow Jones. Price action & key levels. Trading plan explained. SMC outlook. ❤️Please, support this video with like and comment!❤️
A "head and shoulders" pattern is a technical analysis chart pattern that can indicate a potential reversal in a stock's price trend. It consists of three peaks: a higher peak (the head) between two lower peaks (the shoulders). The pattern suggests a potential shift from an upward trend to a downward trend. However, the effectiveness of technical patterns like...
A short look across major futures markets after we have an NFP Miss
Hey all! Made a quick video to look at the market and just check in. I'm still enjoying my self made vacation and taking time away from the market while I think it is overinflated, as I want to see some normality come back in before I feel comfortable trading again. However, just wanted to say hello, explain what I'm waiting for, and wish everyone else best of...
The market has finally shown some signs of weakness after Friday's close. In this video I explain why I will be selling rallies next week in CME_MINI:ES1! looking for further price action to the downside. I show you my process for determining support and resistance levels using Bollinger Bands and how to use my free (open source) indicator on TradingView, Beacon.
So while I've had some gains on this market, especially below the 4300 range, at this point I cannot explain where this extreme level of optimism and risk taking behavior is coming from and I think it is time for me to walk away. While I can agree we are in a Bull Market, and I do not think at this point that we will be visiting the lows of 2022 without some...
So we ran along the 30m uptrending line yesterday, and keep nearing striking the 6hr insanely steep ascending trendline I didn't think we could maintain. Much to my dismay, I am sitting in my negative trade. I may soon just eat a loss, which will cause me to take a day off as per my risk management plan. Luckily at the moment I did go Long yesterday in a couple...
SLO @ 4625 ⏳ SSO @ 4375 ⏳ TP1 @ 3915 (shaving 25%) TP2 @ 3500 (shaving 25%) TP3 @ 3215 (shaving 25%) TP4 @ 2750 (closing ALL Sell Orders) SUPPORT @ 2640.75 IBR @ 2375 FUTURES EXPIRATION DATES: ESM3, JUN 2023 ESZ3, DEC 2023 ESU3, SEP 2023
So I have some other catching up to do, but currently it appears the ESU contract is now here, and as I've said over the last few weeks, I felt that the ESM contract was clearly going to be an upward moving contract, and that any leg down would be over the next contract. I continue to comment that with the major price gains on major tech stocks, if investors don't...
So I'm Long again in the ES from 4180 at the 6hr Higher Low downtrend point. I'm looking to see if we can get a 30m or even a 1hr uptrend and then I will likely cash out. I've an issue with the excessive upward slope of the 6hr, so I am currently looking at it as unreliable, but maybe over the next few weeks we will see a strong swing upward. This flat market...
US30 Index reached a key daily structure resistance on Friday. After a local indecision, the market formed a double top pattern on 1H time frame and broke its neckline to the downside then. I expect a bearish continuation now. Goals: 33660 / 33560 ❤️Please, support my work with like, thank you!❤️
With things like NVidia at 175x Forward Earnings, I really see some pullback here on these overheated tech stocks. However, I am waiting to see the upward momentum waver before I decide to go in short on this overly optimistic AI fueled rally. Trends are now maxed out to the upside, and so I expect some pullback there as well so we can have trends to take us...
I'm on my laptop working outside on my deck so this will probably be a bit brief. We basically have a flatlined higher high on the 2hr, I've gone short with it, but anything above this and my short positioning will be fizzled out for now. I'm up about $1000 on my 6E trade so I will be quick to cash out for a $4000 profit week and call it. Trends into today; Last...
So the NVidia story could really disrupt the narrative that trends were pushing. Personally, while I like the optimism for NVidia, I can't say I'd want to get in at 230% valuation gain on the year. However, what do I know? I trade S&P Futures, not NVidia stocks. Ultimately I still think the overbought tech sector can't continue to carry the entire market, and...
So I did jump into a brief short and got my weekly goal from 4160 to about 4148. Once we hit there we settled in with a 6hr downtrend, which is a higher low and is now also violated. While I feel that this downward momentum is long overdue and should continue, my trading strategy is to trade on trends and currently every single trend is violated except the 30m and...
So the 30m and 1hr were able to squeak out some signs to head lower, and because of that I jumped in Short at 4204. I'm certainly not completely sold we are dumping anymore since we broke the trends that were shifting us to the downside. I will hold this short until the 2hr signals a downtrend which is without a doubt going to be a higher low and then I will...