I will be looking for a couple more green candles to rally into the declining hourly 21ema. I will keep raising up my sell limit order under the body of the highest green candle until a red candle eliminates it. The candle can rally past the 21ema by a bit and is still acceptable, in fact, preferable. This would "close" the gap and hit stops up high. I will be...
I am expecting another choppy range week and will buy the lows, sell the highs. Will take it slow this week and try to avoid getting chopped up. I am only going to allow 2-3 trades per day. I am only going to allow 2 losses per day as Max daily loss I am only going to allow 2 winners in a row as Max profit protection I will only do 2:1 on every one of my trades...
Looking to buy mini Dow ahead/ right after CPI report with a 37750 limit if filed, stop at 37018, tgt is open
Currently YM is in an upward trend, but when it breaks the red average indicated by the blue arrow and enters the green zone, we open a buy deal.
Strong bullish trend. We have buyside liquidity above old weeks highs. Below the previous week low we have a FVG that’s not been tested yet.
Right now, many indexes are breaking under the 20 SMA, while the /ES and /NQ remain above it. I deal in probabilities. If the other indexes continue to stay under the 20 SMA, then the probability is the the ES and NQ will break under them.
I put my limit order at 50% of the last 15 minute fat bar. I am waiting for a pullback for a trap shorts. The 200sma on both the 15minute and the 5 minute is flat. My stop is 49 ticks with target at 37864 just before resistance for 162 ticks. About 3.3 to 1
I was tinkering around with news ideas and I have come up with this setup that I will try if market sets up with all my rules. I must have these rules in place, Most importantly, a fat CPI green bar followed by an even fatter, Bear engulfment bar. Once these are in place I will place a sell limit order in the middle of the golden pocket of that bear engulfment's...
Just a quick update – the Cpi has hit, and as a result, the YM1 US30 DOW JONES is now priced in. Yesterday's high and low prices have been swept, and the current price is in a state of flux. However, it seems that bears are starting to take over, and it's possible that the price will decrease since liquidity has already been swept and we are in extreme premium...
My long term thesis is an 18 month sell off back down to the monthly rising 200sma. My only concern is when is the market going to start. We are bumping up on the yearly up channel. My guess is it might take a couple of months to get going. Short term we have the CPI report in 12 hours. My best speculation is that it will be bullish and choppy to hit the stops up...
US30 Dow Jones Retraces to Bullish 4-Hour Order Block During the New York session, we capitalized on the demand from this area and took long positions once again as the US30 Dow Jones retraced to a bullish 4-hour order block.
I don't know if it will play out exactly like August 7th but any small pop above the flat 200sma I must short as required by my strategy. I don't get to pick and choose. Going over prior data I noticed that August looks very similar to what is happening now. I am not saying that is what is going to happen just an observation. Anyway, I am short the Asia open...
Short-term Elliott Wave View in Dow Futures (YM) suggests that the rally to $38115 high has ended the cycle from the 10.27.2023 low in wave (3) as 5 wave impulse structure. Down from there, the index is doing a corrective pullback in wave (4) against the October 2023 low cycle. And is expected to find buyers in 3, 7, or 11 swings looking for more upside. We will...
I am performing my own weekly analysis for the week ahead. I may not be entirely sure what is in store for next week but my strategy calls for shorting into the 200sma whether it pokes its head above or not. I will be mostly short bias but if long, I WILL be closing before it reaches the 200sma. In my eyes I am seeing a range developing with a slight hint of a...
Being in a range, will Thursday go up first to take out stops then go short? OR Will it go down first to take out stops before going Long? I will wait for the outsides and see which scenario happens. Range trading is very difficult for me and I get chopped up. Please like and leave comments if you want. Thank you
The sellers had the ball to start off 2024, especially for the NQ which had its biggest decline in over 3 months. In this brief 5-minute video, I touch on my 2 favorite *indicators* of potential price direction, Anchored VWAP combined with a range-based Volume Profile. This methodology highlights areas the market may revisit, potentially in short order, as we...
Short Term Elliott Wave View in Dow Futures (YM) suggests that rally from 10.27.2023 low is in progress as a 5 waves impulse structure. Up from 10.27.2023, wave 1 ended at 34315 and pullback in wave 2 ended at 33913. The Index then rallied higher in wave 3 towards 38012 and pullback in wave 4 ended at 37390 as the 30 minutes chart below shows. Wave 5 higher is...
How many gaps get filled? Gaps in the chart fill 80% of the time . ...................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to...