Just like discussed we are currently hunting the sellside so let's see how far we get.
Taken a short scalp and out of the market for now and still expecting us to hunt the HTF sellside IF we fail to hold the current lows.
Entry 38048
TP 37985
SL 38085
Follow the market and act upon it.
Stay safe and never risk more than 1-5% of your capital per trade. The...
Here is a quick look into what I am looking for on US 30 as we get closer to the NY open.
Already taken a short sell once we traded through the buyside back to the OB.
We have taken out the buyside liquidity so let's see how we play around the current highs.
IF we close back within range I will be looking to sell targeting the obvious sellside.
IF we hold...
The chart shows that after 15 years of steady gains, the Dow has peaked. After $39,000, the next 3 years will be ground and cut. The data forecast the price to stabilize around $23,720. The Fed's response to stabilize the decline was always a factor that could not be ignored. They can easily achieve a soft landing by printing. But charging through M2 diving will...
US30 has been in a area of consolidation for the past week and a half after having a large sell off for the previous two weeks.
Technical : On US30 we're seeing the 3 EMA cross the 10 EMA upwards while at the same time the Stochastic is pointing up while crossing the 50%-80% mark. Price action is also making its way to the upper Trendline which has 3 previous...
I approached the charts fresh out of the shower. I got in at 9:20 AM NY Time and got to the computer around 9:40 AM NY time. But anyway,
I saw on the weekly that we were slowly rejecting lows. So, that means if I saw either a shift in structure or a change in the state of delivery, aka a break above an OB that has taken liquidity to go higher on the 4H or 1H,...
After a solid 15 year run the Dow Jones has topped. $39,000 will be followed by the grinding and chopping of the next 3 years. The data forecasts price will settle down to the near $23,720 Level. The Feds response to stabilize this decline is always a factor that cannot be ignored. They can easily print their way into a softer landing. But diving the charge...
New World Capital - Article 7
FOREXCOM:US30
US30 is at a key level right now after triggering a lot of SL. We broke even on it and are waiting for the next opportunity around $37,000. If not, we will trade the consolidation at $38000 but not hold it for long as price is driven down.
I'm looking for shorts in the market this week.
The trend is changing to the downside in higher timeframes.
The markets are stairs to the upside and elevator to the downside.
New World Capital - Article 5 ( Continuation )
Another liquidity grab is happening right now around $38220 - $38240. If the price ends up going higher after that liquidity grab, the price should definitely breakout and trade around $38,500 - $38,700
FOREXCOM:US30
Buy ( 3X ) US30 @$38200 - $38240
TP@ $38539
SL@ $37655
Risk: 1% - 10%
Reward: 7%+ - 70%+
Waiting for the $$ areas to be swept with 39330 being the overall target. With this week having a few fundamentals NFP included, big moves loading. Trade safe and use proper risk management. Happy trading week ahead :)
New World Capital - Article 5
FOREXCOM:US30
US30 is moving exactly as predicted with liquidity grabs happening here and there as the ones that happen today around $38,276. We still hold two profitable positions and are looking to add to our current lot when the profit of the second position is equal to the loss set of the first position. That is the best...
