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E-mini Dow ($5) Futures (Sep 2020)E-mini Dow ($5) Futures (Sep 2020)E-mini Dow ($5) Futures (Sep 2020)

E-mini Dow ($5) Futures (Sep 2020)

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YMU2020 trade ideas

Why i expect Dow Jones to drop with Powell todayTodays the interest rate decision. Powell already signaled, that we will not cut rates too early (they already did that in 1970 and the inflation spiked then). With lasts weeks Consumer Price Index Inflation data (0.1% higher then expected), FED will most likely NOT CUT the interest rate today. Stocks will react on that by selling off (because interest rate stays high). I estimate the same picture as we had last time. A strong sell off over 2-3 hours. Then market settles and the bullish investors come back with buy opportunitys. I will look for buy trades today if any opportunitys occur.
CBOT_MINI:YM1!Long
by FighterFan
Dow Jones Retreating To Bottom Of Range Looking For Support 38KI see the start of a down move over the course of the next 6-8 weeks to drift down to the bottom of the range in order to achieve a couple of objectives. 1. Fill the Gap from January 19th 2. Hit all the stops from Longs along the way 3. Hit the 1X range expansion of the High/Low from Feb 23rd- Mar 5th I am bullish over the next decade but right now it looks like a 4% decline is necessary for the consolidation before we start heading higher into the 40,000s It will give the monthly 21ema a chance to catch up and the bottom low will be a bounce off the monthly 21ema My ultimate price target is 115,000 in 2035
CBOT_MINI:MYM1!Long
by travis18haney
YM Range Bound Mean Reversion StrategiesI have been getting my behind kicked the last two months due to this range bound market. Something that I just now noticed is that on the hourly, the 21ema (purple line) is the same exact average as the 5 minute's 200sma. They are one and the same. Since price is not respecting the hourly's 21ema, then logically, it will not respect the 5 minute's 200sma and henceforth price will oscillate back and forth around that mean price. The 2 minute chart's 525 period moving average is the one and same of both the 5 minute's 200sma and the hourly's 21ema. All three are the same exact moving average and price always finds its way back to it. There have been great mean reversion trades back to the hourly 21ema that I have been missing because I have been employing trend following systems to this market and failing. Each one of these great mean reversion day trades have been over 100 ticks on the Dow
CBOT_MINI:YM1!
by travis18haney
Indices:🔴Is it the major market structure shift?🔴 Well As you can see, we can see the SMT here so we can expect a downtrend. The first condition is, that we see the price close the candle body below the bullish FVG, only then can we expect the price to go lower to collect the sell-side liquidity. After that, If the first condition occurs, we need the candle closure below the sell side liquidity, then the price activates the bearish breaker block and the breaker can act as a strong resistance and pull the price down. 💡Wait for the update! 🗓️10/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
CBOT_MINI:YMH2024Short
by VahidTradingCR
1
YM Day Trading Gameplan For WeekNow that Monday has finished trading, I have a better idea of what is likely to happen. Price is looking like it is in a 2 legged pullback to find the next higher low. Price has been inside of a bear flag since the 27th I will be looking for shorts on Tuesday and Wednesday down into major 1 hour support for a new higher low. My stops are always 30-40 ticks with targets varying between 65-85 ticks I trade in direction of the 15 minute higher timeframe with the 5 and 3 minute as entries. If the bullish trend will continue, then it needs to find a higher low and then break higher to a higher high. I will be looking for 39,500 this week hopefully as the higher high
CBOT_MINI:YM1!Long
by travis18haney
1
Dow Jones in Focus: Fake Rally?Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on a correction in the 50 to 61.8% range. Digging deeper, we've spotted an exciting pattern: a short Wave (i), followed by a long Wave (ii), a quick Wave (iii), and a very brief Wave (iv). This sequence could lead us to either Wave (v) or a larger B wave. Should the index continue to climb, we'll need to rethink everything. Surpassing the $40,000 mark would mean we're entering a new uptrend, requiring a different analysis. For now, we're leaning more towards a downward movement than an upward one. After much consideration, we've decided to initiate a short position on the Dow Jones as a bit of a hedge. We're particularly cautious about unexpected market movements triggered by insider trades. This strategy isn't about putting all our eggs in one basket but about spreading our risk. In short, this strategy is our insurance policy. If the market continues to rise, any loss on the short position would be offset by gains in our long trades. Conversely, if the market declines, the short trade will help minimize our losses. This balanced approach keeps us flexible and eager to see what unfolds.
CBOT_MINI:YM1!Short
by stromm_by_wmc
YM Buy Set Up on Daily. Buy over 39,044Set up is pulling back to a rising daily 21ema, when green takes out red, buy limit. That would be 39,044. The weekly 21ema is pointing straight up, indicating higher prices projected. So far this week has been a slow and steady pullback, a resting bar. Short term target is 40,000 minimum Long term target is 115,000 in 2035 Demographics tells me that Millennials will become the biggest generation and they will be hitting the years 35-50 range ( Prime Earning and Saving/Investing Years) This will drive up the bull run.
CBOT_MINI:YM1!Long
by travis18haney
YM Friday Gameplan Bullish/Range Bound Top of Rising WedgeToday closed at the end of the session with a bearish engulfment and a pin bar wicking into the top 50% of said engulfment. I am seeing the 21ema start to flatten out and possibly roll over with massive space between the 21ema and the 200sma. Friday I think will be a choppy/range with a slight bullish tint to maybe take out Thursday's high and make another hit at the top of the rising wedge. I will have to see tomorrow morning how price behaves. I am only making a rough guess as I tend to not like to have biases when day trading. I just trade setups. Like today, I have a bearish long term position down to 24,000 or -37% but I still daytraded a bullish pullback setup This was my only trade Thursday I was wrong on the 0.85 fib but as I don't trade the first hour, I just sat and watched it plow right through it. I took the pullback trade a full 3 Hours and 50 Minutes after the NY open. I have learned the hard way that me personally, I get destroyed in the first hour. It is like crossing the freeway and getting hit by a semi.
CBOT_MINI:YM1!
by travis18haney