September Gameplan Down Month To Sweep Lows B/O ATHsSeptember I am going to look for bearish trades in line with these three peak wedge formations.
I am looking for 46,000 to possibly be the high of month
What I am seeing is a build up before the break out of all time highs. I believe the market will make one more dip down to the 43,000 area before
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Mean Reversion Support at 250. Long 4 to 1Price is mean reverting around 500, this much is plain obvious. I will look for a support entry near 250 area.
125 tick stop
500 tick target
4 to 1 Risk Reward
The orange box is the middle of the range. I.E. the slaughterhouse.
Swing highs and lows formed near the middle get taken
I am expe
Pullback into 45,000 Long 3 bars down plus gaps
I am looking for a pullback into the 75% retracement area that also coincides with 45,000. Round numbers being double zeros.
I am expecting Wednesday to also be a down day.
The trade Long, I am expecting it to be on Thursday with Friday being another Long continuation day to finish the month
Daytrading Risk Management Strategy Hold Until CloseAfter reviewing my past 500 trades, the absolute most profitable trade management is to hold until market close. If you study the daily chart, most days will close near the highs/lows of the bar.
By only using just a stop loss and no profit target, one can capture monster moves.
One trade per da
Creeping Trend Into 750. Thursday Long Opportunity. My gameplan Thursday is to see how this creeping trend plays out. I am looking for the creeping trend to layer down into 750 near the lows of these 8 Hour candles.
Price is mean reverting around the 1000 level
Creeping trends resolve themselves in one of two ways. They capitulate and blow off in
a return to solid solid structure affords =BUYers a cheap entry 1-3 : a swing low is followed by a one sided highly volitile swing high, this creates two set of events, first is that number 2 is now a solid low, due to surpassing the high of 1 they are proven to be stronger then them , second is the slow and controlled(ish) downtrend that follows volitile moves
selling pressure or lack or buying pressure presents breakout ?* looking at this pattern and pivot points we see a reduction of power from buyers, unable to push the market higher, while sellers then are logically stronger.
* buyers are currently holding the price point in the purple line marked, but they are less able to defend it with every attempt to break
return to major buyers presents an on trend continuation entry1->4 : creates a higher high , number 3
is the market participant in control and
to whom we are waiting for a returnt to from
the high number 4
what do I think will happen next ?
* if we return to number 3 we have an opportunity
to join the market ontrend , we would need a
minimum of 3 indepe
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of DJIA FUTURES is 45,578 TWD — it hasn't changed in the past 24 hours. Watch DJIA FUTURES price in more detail on the chart.
The volume of DJIA FUTURES is 93.00. Track more important stats on the DJIA FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For DJIA FUTURES this number is 430.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for DJIA FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for DJIA FUTURES. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of DJIA FUTURES technicals for a more comprehensive analysis.