In this lesson, I discuss the important levels to know for the Range Trader Futures Trading Strategy.
The indicators on the chart that produce these levels and values are the following:
1) The "T-Line" is a 233 period Exponential Moving Average (EMA) | Built-ins >> Indicators
2) The prior session highs and lows are plotted using the 4C Yest HLC/O indicator |...
very neat market behavior. But it's stalling at the top. Not paying attention to news cycles, and only looking at the bullish reaction of the .5 level, this chart tells us that we will be back in the blue sky before long.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
I was looking for an inside day for Wednesday's action compared to Thursdays price action. The market did start higher and then the news about the 1st US confirmed virus case broke and so did the market as it fell to new lows. Not a surprise reaction because any news about the spread or ineffectiveness of vaccines can have an impact on the bearish perception of...
It seems as if #ES_F $SPX, on this 120 minute chart, finds itself at the end of a rising wedge (completed with textbook overthrow), as well as a divergence with the MACD as indicated, and with several other indicators as well.
sp keeps getting taller. i guess nothing really bad is happening in the world besides Manchin trying to starve poor people, but I guess that one doesn't register on the stock markets list of concerns, so up we go!
The S&P Index (ES) is now at it's Daily Decision Point (DP) level. So will a high unfold at this level, or will we just see a small stall before a continuation to new Highs ?
Either way, the ES is now at a possible junction when it is worth keeping a closer than normal eye on this market.
Please note: this is not a trade recommendation,...
Hi traders, this is my personal trading idea only. Please give an AGREE/ LIKE, my trading strategy is Price Auction - using Chart only, your comments are highly welcome. My chaos drawing is not to predict and guess the further, it is my plan where we are on the chart and how we shall trade on what we see. Trade Well & Good luck guys.
Another FOMC announcement to watch for today at 2pm eastern. Market is stuck to 4350 with low-ish volume, which is showing a 'wait and see' approach.
If i'm looking at a profile for the month or so, it appears there is some room to fill in the profile lower. I am not sure that we will do that, but I certainly dont want to be fading a move out...
Market still feels heavy even though we are trading in this big developing zone. Yesterday was another day that we attempted higher in the AM and were unable to hold on, just to see the market come falling back almost 100 points from top to bottom.
I think the volatility is here to stay and we will continue to see the large swings like we did...