The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers. In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take...
Short Term Elliott Wave in Dow Futures (YM) suggests rally from 4.19.2024 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 4.19.2024 low, wave ((i)) ended at 38801 and pullback in wave ((ii)) ended at 37866. Index extends higher again in wave ((iii)) with internal subdivision as an impulse in lesser degree. The 1 hour chart below shows the...
CBOT_MINI:MYM1! Dow Futures have broken below the distributive uptrend channel and confirms the double top formation. Long-term MACD is bearish while mid-term stochastic has shown an oversold crossover. 23-period ROC is below the zero line and Ichimoku has shown first sign of bearish signal. Support is at 37,600
Going through the weekly chart for the averages of how far Dow Jones can move in a week. The last 84 weeks averaged out to 937 ticks. This lines up with the medium sized candles. There are three types of weekly candles 1. Small Doji candle (28 occurrences) 2. Medium sized candle (47 occurrences) 3. Large expansion candle (9 occurrences) This small set...
In the short video I show the price action from a session on the DOW JONES and the key price action that I see important for my daytrading. This is a process I do each day to improve my trading and it helps to solidify in my mind what I want to see in the setups. You will have to pause the video to read the notes but please enjoy. ANY QUESTIONS, JUST LEAVE IN...
If this sets up how I would like, then I am going to look for a buy low opportunity for a move higher through that lower high on the inside. I will be entering in on the 15' chart and use a 50 tick stop. Target will be anywhere between 150-225 ticks
I have been backtesting a setup on the 15 minute chart where price grinds/spikes higher and engulfs at the High of Day only to dump down to the Low of Day. I notice there are three variations of this pattern It blows through the Low of day and makes a substantial lower low It just barely takes out the Low of day It comes just shy of the Low of day and DOES...
We had an upward trend in 4h and it has just broken it, so we hope that during the night it will stay in that area that is found. On the other hand in Diario we have an upward trend and the area below of purchase would be its regression to have a high probability of buying.
Last week we had record low volume on indexes as they drifted higher. There as a drought of news to move the market - and the volume was reminiscent of a holiday week. Indexes The DJI went vertical to fill the last weekly imbalance we had that was MOST in the premium of the swing. From HERE - we are at a major deciding point. The weekly chart still is...
The Dow appears to be replicating the price movements it exhibited before the market crashed in 2008.
This is what I am somewhat looking for and how I plan on trading the market. I don't know if it will play out like I imagine it but to me, this is what makes the most sense. In order for the next monster move higher, we are going to need to pull back a bit more. April 19th's low can not be the low yet. It just doesn't make any sense.
What a WILD week we had! Last week was insanely noisy between the FOMC on Wed, NASDAQ:AAPL earnings on Thursday, and NFP on Friday. This coming week of May 5th offers very little in the way of news catalysts, so it will be great for us TA based traders. So far, all of our weekly objectives have been playing out - and nothing has really changed from my perch...
We beautifuly took out Previous week high 20 points above! not random! Manipulation mapping with Distribution didn't dissapointed. 👁🗨 SMT divergence with ES was also very good confluence to do short-term reversal. Study that as me!
We beautifuly took out Previous week high 20 points above! not random! Manipulation mapping with Distribution didn't dissapointed. 👁🗨 SMT divergence with ES was also very good confluence to do short-term reversal. Study that as me!
YM possible low of the week right know. took out 30 points below old low and tapped H4 BISI and H4 IFVG.
Compared to ES and NQ, YM is the only pair to close above Wednesdays high but with high volatility in the cards and YM currently trading in 'no-mans land', expect things to happen!
1/3 Average Weekly Range in New York AM Session sending us higher towards ATH, AWR acted like a true Support. 🔥
Dear Great Souls, This is a video of Lord Medz trading MNQ live on a 5-second timeframe. In this video, I will demonstrate how I manage trades using anticipated swing highs and lows. For more information, please connect with me directly. Stay safe and stay strong. Best regards, Lord Medz