TRACKING IPDA 20 40 60 RANGE5/23 - The IPDA range can be used to track and anticipate the quarterly shifts in the market. as of today 5/23 the ES has made a new breaking the projected 40 60 day highs . It is reasonable to expect the markets to drop to the 20 40 60 day lows over the next 3 months. by dclemens5610
Lord Medz live trade 23 May 2024Maximizing Evaluation Account Success with MNQ Trading: A Live Session Review Welcome Traders! In today's post, I'm diving into the world of live trading on the Micro E-mini Nasdaq-100 Futures (MNQ) using the Smart Money Concept (SMC). I'll be reviewing a recent live trading session aimed at maximizing evaluation account funding opportunities. Whether you're new to trading or an experienced trader looking to hone your skills, this session offers valuable insights into the MNQ market. Why I Trade MNQ with Smart Money Concepts The MNQ is a popular choice for many traders due to its lower margin requirements and the ability to scale positions with smaller contract sizes. By incorporating Smart Money Concepts, I can better understand market movements driven by institutional players, allowing for more informed and strategic trading decisions. Live Trading Session Highlights In my latest live trading video, I focused on the following key SMC strategies and setups: Market Structure Analysis: Identifying key swing highs and lows to determine market structure (bullish, bearish, or ranging). Using price action to confirm shifts in market structure and potential trend reversals. Marking areas of liquidity such as previous day highs/lows and significant support/resistance levels. Order Blocks: Recognizing institutional order blocks that signal potential areas of smart money entry. Placing trades at order blocks with tight stop-losses just beyond these zones to minimize risk. Observing the reaction at these order blocks to confirm the presence of institutional activity. Liquidity Pools: Identifying liquidity pools where stop-losses are likely clustered (e.g., above resistance or below support levels). Anticipating potential stop hunts by smart money to trigger these liquidity pools before reversing price direction. Entering trades after stop hunts to align with smart money movements. Fair Value Gaps (FVG): Spotting imbalances in the market where price moved too quickly, leaving a gap. Trading around these gaps as price often returns to fill them, providing entry opportunities. Using these gaps to set precise entry and exit points based on anticipated price movements. Risk Management: Maintaining a risk-reward ratio of at least 1:2 for each trade. Implementing trailing stops to protect profits as trades move in my favor. Ensuring no more than 1-2% of the trading account is risked per trade to preserve capital. Results and Takeaways By the end of the live session, I successfully executed several trades, demonstrating the effectiveness of these SMC strategies in real-time market conditions. Here are some key takeaways: Patience and Discipline: Waiting for the right setups and not forcing trades is crucial. This approach reduces the likelihood of unnecessary losses. Adaptability: Markets can be unpredictable. Being flexible and ready to adapt to changing conditions can improve trading outcomes. Continuous Learning: Each trading session offers new lessons. Reviewing trades and refining strategies is an ongoing process that enhances skill and performance. Getting Funded Evaluation Accounts My primary goal with these live sessions is to help traders secure funded evaluation accounts. Here’s how you can apply these strategies to achieve that: Practice Consistently: Use a demo account to practice the strategies highlighted in my sessions. Consistent practice builds confidence and proficiency. Follow Evaluation Rules: Adhere strictly to the rules set by funding programs. This often includes maintaining a specific profit target, maximum drawdown, and adhering to daily loss limits. Stay Educated: Continuously educate yourself through trading courses, webinars, and live trading sessions. Knowledge is power in the trading world. Watch the Live Trading Video To see these strategies in action and gain a deeper understanding of my approach, watch my latest live trading video on MNQ. Click the link below to watch now and start your journey towards securing a funded evaluation account: Watch Live Trading Video on MNQ Happy Trading! Stay tuned for more trading tips, strategies, and live session reviews. If you have any questions or topics you'd like me to cover, feel free to reach out. By focusing on Smart Money Concepts and risk management, this post aims to provide traders with the tools and confidence needed to succeed in evaluation account programs.09:19by Skinwah0
Over Night Price action REview ES 5-23-24going over the price action overnight looking for clues to what the market is telling us. NVDA another blow out report. NVDA is the stud of 2024 for sure. focused on NVDA and the AI sector. 01:09by BobbyS8130
Where is the S&P Target on Breakout?E-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5328.00, down 17.25 NQ, yesterday’s close: Settled at 18,786.75, down 12.50 All eyes were on NVDA’s earnings report yesterday, but the E-mini NQ was already up more than 7% on the month. Despite that strength and a new record high, price action became stagnant in the week leading into this report. So much so that momentum and breadth began showing signs of exhaustion. A beat and raise from the market’s most powerful engine has revved indices, slinging the E-mini S&P and E-mini NQ further into fresh record territory and confirming what began a week ago: a breakout above the March high. If the E-mini S&P and E-mini NQ were about to embark on a new bull leg, it is imperative for our first major three-star support levels, aligning with yesterday’s settlement, to hold. Furthermore, the E-mini S&P tested what we have had as rare major four-star support through the FOMC Minutes and again upon NVDA’s release. This level was also tested and held last Friday and brings a line in the sand defining the next bull leg at 5303.25-5308.50. So, where to next? Two weeks ago, we wrote here that we believed the market began to confirm a bottom was created in April and through the first couple of days of May. We also expressed our upside target for this wave aligns multiple technical indicators with a Fibonacci retracement and a 10% run to 5459.75-5474.25. Today, we will use this moment to reiterate this target. Bias: Bullish Resistance: 5365.50-5370.50*, 5391.75**, 5400-5420.25***, 5459.75-5474.25*** Pivot: 5349 Support: 5343.25-5345.25**, 5334-5336.75**, 5328***, 5319.50**, 5303.25-5308.50**** NQ (June) Resistance: 18,977**, 19,085***, 19,319*** Pivot: 18,891 Support: 18,786-18,825****, 18,715-18,732**, 18,678-18,691***, 18,620-18,635**** *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
Prep and Lean ES/SPX/SMCIScenario #2 in play from Daily PLAN: (LINK BELOW) Scenario 2: Neutral open if between 5340-5350. But if we open below 5334, then I think 5340-5350 may present resistance, if tested, for a target of 5316-5320. ES Trade Plan Inflection: 5331-5332 Upper lvls: 5345 / 5368 / 5377 Lower lvls: 5304 / 5292-5296 NQ Trade Plan Inflection: 18786 Upper lvls: 18812 / 18964 / 19143 Lower lvls: 18730 / 18671-18677 / 18643 / 18483-18510 Stay Frosty! Long08:03by Beyond_Charts0
Trading Plan for Wednesday, May 22nd, 2024Trading Plan for Wednesday, May 22nd, 2024 Market Sentiment: Bullish, consolidating within a tight range. Expecting a breakout, but with heightened anticipation due to Nvidia's upcoming earnings after the bell. Important Note: Nvidia earnings after the bell could significantly impact market direction and volatility. Be prepared for potentially large, unpredictable moves. Key Supports Immediate Supports: 5335 (major), 5329, 5322 (major), 5307 Major Supports: 5300-02 (major), 5272-68 (major), 5235-40 (major), 5217-21 (major) Key Resistances Near-term Resistance: 5346-49 (major), 5369 (major), 5401-03 (major) Major Resistances: 5412-15 (major), 5438 (major), 5472-76 (major) Trading Strategy Nvidia Earnings Watch: Exercise caution and be prepared for significant volatility following Nvidia's earnings announcement. Consolidation Breakout: The market is coiling up for a potential explosive move. Focus on the 5302-5347 range for a potential breakout in either direction. Long Opportunities: Look for bids at 5329, 5322, or 5300-02 if they hold after potential tests. Consider taking profits level to level, especially given the heightened risk environment. Short Opportunities: Avoid shorting green candles and breaking trends, as the win rate is typically low in such scenarios. However, for those comfortable with counter-trend trades, monitor 5412-15 as a potential shorting zone if price rallies significantly after earnings. Bull Case Bull Flag Breakout: The current consolidation range could be interpreted as a bull flag. An upward breakout above 5347 would target 5369 and 5401-03, potentially leading to a strong upward move. Holding Support: If the 5322 support level holds, expect further consolidation and a potential breakout later. Bear Case Breakdown Signals: A convincing break below 5302 would trigger a deeper retracement, potentially retesting the 5272-68 (major) and 5235-40 (major) zones. Shorting Opportunity: If 5302 is tested and followed by a bounce and acceptance of lower levels, consider entering a short position around 5299 for a level-to-level move down. News: Top Stories for May 22nd, 2024 🌐 IMF Highlights Cybersecurity Risks to Financial Stability: The International Monetary Fund (IMF) has issued a warning about the increasing threat of cyberattacks, which pose a significant risk to global financial stability. This underscores the need for enhanced cybersecurity measures across the financial sector. 🏦 Federal Reserve's Cautious Stance on Inflation: Minutes from the Federal Reserve's latest meeting reveal a cautious approach towards inflation, with officials prepared to adjust interest rates if economic data warrants. This has implications for future monetary policy and market expectations. 🌍 Global Trade Prospects Brighten: Reports from the IMF, WTO, and OECD suggest a rebound in global trade, driven by easing inflation and a robust U.S. economy. This recovery follows a slowdown in 2023, with significant implications for global economic growth. 📊 Economic Outlooks and Forecasts: Various economic outlooks from entities like J.P. Morgan and Deloitte provide insights into future economic conditions, highlighting the ongoing adjustments in response to geopolitical risks, inflation concerns, and policy shifts. These forecasts are crucial for strategic planning and investment decisions.Longby spytradingpro0
Wedge CityCurrently in a wedge, breakout will determine direction. Hoping for the upside!Longby The_Gains1
Lean and Prep ES/SPXES Trade Plan Upper Inflection: 5345 Upper lvls: 5357 / 5370-5377 Lower Inflection: 5323 Lower lvls: 5304 / 5292-5296 NQ Trade Plan Inflection: 18786 Upper lvls: 18812 / 18945 / 19143 Lower lvls: 18720 / 18643 / 18542 / 18413-18447 Stay Frosty!06:43by Beyond_Charts0
Morning price Action REview ES 5-22-24Going over the price action Overnight looking for clues as to what the market is telling us, actionable areas and how we want to manage risk.01:43by BobbyS8130
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code. Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position. However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable. Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term. Warning: This is the first live test of this strategy!! Estimate time for price to increase : 1months-6 months Expect price to stall within the drawn range. For the following weeks I don't expect any mayor price movements until the elections, unless a sudden international event happens.Longby DarkMessiah7770
ES Bull Flag BreakoutES has a shorter term bull flag breakout on the 15m. Things are looking good for a rally into close and into tomorrow leading up to NVDA earnings.Longby AdvancedPlays0
5/21 Daytrade Idea ES500PO3 Set up, hoping for price to deliver quickly to our targets. Looking to see price pass previous daily high but also keeping in mind upcoming FOMC talks that may effect the sentiment.Longby WhoIsOnyxDoe0
Roadmap for Indices Amid Fed Speak and EarningsE-mini S&P (June) / E-mini NQ (June) S&P, yesterday’s close: Settled at 5331.75, up 4.50 NQ, yesterday’s close: Settled at 18,763.00, up 127.75 Tech started the week off strongly with E-mini NQ futures notching a gain of +0.7% to the E-mini Dow’s loss of -0.5%. Chips led with usual suspects like NVDA and MU having banner sessions and the Semiconductor Equipment space, KLAC, AMAT, and LRCX also doing the heavy lifting. As for the E-mini Dow, more stocks fell than not, but the downside was led by JPM on news CEO Jamie Dimon is closing in on retirement. After the bell yesterday, PANW missed guidance and is down about -8.0%, while LOW topped estimates this morning and is up more than +1.0%. The first half of the week culminates into NVDA’s earnings Wednesday after the bell, but between now and then a barrage of Fed speak continues to hit the tape with Fed Governor Waller, Richmond Fed President Barkin, NY Fed President Williams, and Atlanta Fed President Bostic all set to have comments hit the tape in the 8:00 am CT hour. E-mini S&P futures eked out a small gain yesterday, and struggled at what was key resistance at 5343.25-5349 for the second session in three, this is now adjusted to major three-star resistance. Similar overhead resistance has been adjusted in the E-mini NQ to align with yesterday’s new all-time high, now coming in at 18,761-18,795. With things consolidating buoyantly to start the week, we will look for continued price action above our Pivot and point of balance through the first hour after the opening bell to set a tone leading to new record highs. In the case of a bit more volatility, a firm response to first key support will keep that buoyancy on track. Bias: Bullish/Neutral Resistance: 5336.75*, 5343.25-5349***, 5400-5420.25***, 5459.75-5474.25*** Pivot: 5331.75-5333.75 Support: 5323.75-5327.25**, 5312.75-5315.75**, 5303.25-5308.50****, 5286.75-5292.75***, 5269.50-5274.25**** NQ (June) Resistance: 18,761-18,795***, 18,825***, 19,085***, 19,319*** Pivot: 18,707-18,732 Support: 18,620-18,635***, 18,532-18,547***, 18,446-18,485***, 18,415**, 18,336-18,371**** Micro Bitcoin (May) Yesterday’s close: Settled at 70,435, up 3,070 Bias: Neutral/Bullish Resistance: 71,500-71,935***, 74,100**, 75,795-76,200*** Pivot: 70,435-70,840 Support: 69,945**, 68,829**, 67,365-68,035***, 66,280-66,535**, 65,445*** Check out CME Group real-time data plans available on TradingView here: www.tradingview.com Disclaimers: CME Real-time Market Data help identify trading set-ups and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. by Blue_Line_Futures0
Over night fun with ESAll the info you need is in the photo :) I think this will be an over night move and if we pull back into that liquidity before the market opens thats your manipulation phase of the wonder PO3Longby WhoIsOnyxDoeUpdated 0
Nasdaq, DJ and SP500 selling has startedIn my opinion today the market shifted from buying to selling. The shift was mostly obvious in DJ30 but I think all will fall heavily this week. Disclaimer: Not a financial advice. Do your own analysis before investing or tradingShort09:53by MoemenAwadalla0
Small Account Challenge Day 6 Recap - QQQ, COIN, SLV, and GMESorry for the audio issues with my mic, will fix it next time. I had high hopes for today and it delivered. I thought conditions were really good for calls and it played out early on, but I didn't expect such a weak close. I'm wondering if there may be trouble tomorrow, but staying bullish until VX breaks out or ES breaches critical support. Long09:25by AdvancedPlays0
Morning Session REview ES 5-20-24Going over the price action Morning Session ES looking for clues and trying to see how we could have traded the morning session better. Pain + Reflection = Growth. do the hard work. no easy path if you want to be a trader. 01:10by BobbyS8130
Trading Plan for Monday, May 20th, 2024Trading Plan for Monday, May 20th, 2024 Market Sentiment: Bullish, consolidating after a historic rally. Key Supports Immediate Supports: 5309-11 (major), 5302 (major), 5294 Major Supports: 5267-72 (major), 5232-35 (major), 5208-11 (major), 5150-55 (major) Key Resistances Near-term Resistance: 5329, 5333 (major), 5342-5345 (major) Major Resistances: 5375-77 (major), 5404-07 (major) Trading Strategy Consolidation & Pattern Formation: The market is in a post-rally consolidation phase, likely forming a bull flag pattern between 5309 and 5342. Expect choppy trading with potential for breakouts or breakdowns. Long Opportunities: Wait for a test of 5309-11 support, followed by a bounce and reclaim above 5317, as a potential long entry signal. Short Opportunities: As always, avoid shorting green candles and breaking trends. If considering shorts, wait for a confirmed breakdown of 5302, then look for an entry around 5300 after a bounce or failed breakdown. Level-to-Level Trading: Focus on scalping profits within the range as the market consolidates. Exercise patience and avoid overtrading in this choppy environment. Bull Case Bull Flag Continuation: The market may continue to fill out the 5309-5342 range, potentially leading to a breakout toward new all-time highs. Target 5359 and 5375-77 in this scenario. Adding on Strength: Monitor overnight action for potential flagging above 5309 and below 5219 as a possible entry point for adding to long positions. Bear Case Breakdown Signals: A breakdown below 5302, with confirmation from a bounce attempt and rejection, would signal a more significant correction. Use caution with breakdown trades as they are prone to traps. News: Top Stories for May 20th, 2024 🇨🇳 Steady Benchmark Lending Rates in China: Amidst ongoing efforts to stabilize the property sector, China's central bank has maintained its benchmark lending rates. This decision follows a series of bold measures aimed at addressing challenges in the property sector, highlighting the delicate balance the government seeks to maintain in its economic policies. 🏦 Federal Reserve's Upcoming Policy Meeting Minutes: Investors are keenly awaiting the release of the minutes from the Federal Reserve's recent policy meeting. This document is expected to provide critical insights into the Fed's economic outlook and future policy directions, influencing market sentiments and investment strategies. 🌐 Geopolitical Tensions and Trade Policies: The global trade environment remains tense as geopolitical issues continue to unfold. Notably, the U.S. President's decision to raise tariffs on Chinese goods has reignited debates over the economic impacts of such tariffs, with potential repercussions for international trade relations and domestic economies. 📉 Global Market Reactions to Mixed Economic Data: As the world economies emit mixed signals, global markets are poised for a potential summertime rally, albeit with an awareness of the risks that could derail such optimism. This scenario underscores the complex interplay of economic indicators and market psychology in shaping investment landscapes. 🏦 Regulatory Adjustments and Financial Sector Implications: Discussions among regulators about reducing proposed capital requirements signify a shift that could enhance the clout of banks. Such regulatory adjustments are crucial as they could affect the stability and operational strategies of financial institutions globally, reflecting broader trends in financial regulation and oversight.Longby spytradingpro1
ES Long IdeaI think ES will see a nice bounce if it retest this trendline it just broke out above.Longby AdvancedPlays0
Quick ES Setup RecapJust a quick entry setup recap in the midst of today. Overall, we are still basing within the range I posted Saturday though. CME_MINI:ES1! CME_MINI:MES1! by ESMorg1
Prep and Lean ES/SPX ES Weekly Trade Plan Inflection: 5323-5326 Upper lvls: 5370-5377 / 5409 / 5448 Lower lvls: 5292 / 5273 / 5258 / 5248 / 5230 ES Monday Trade Plan Inflection: 5323-5326 Upper lvls: 5340 / 5357 / 5370-5377 Lower lvls: 5304-5308 / 5292-5296 / 5272-5274 NQ Weekly Trade Plan Inflection: 18660-18700 Upper lvls: 18812 / 18974-18982 / 19397 Lower lvls: 18413-18447 / 18308 / 18230 / 17995 / 17685 NQ Monday Trade Plan Inflection: 18660-18700 Upper lvls: 18812 / 18974-18982 Lower lvls: 18542 / 18413-18447 / 18308 Stay Frosty!06:31by Beyond_Charts0
Going over the Price ACtion Sun night to now ES 5-20-24Going over the price action from sunday night looking for clues and trying to listen to what the markets are telling us. listen more, talk less. listen 2x as much as you Talk. 01:29by BobbyS8131
SP500**SP500:** New all time high at 5347. This week's forecast is for the price to descend and match the EMA55 level.Shortby simaoxceps1