Started with fridays short setup on natural gas and a open long move on nasdaq that got stopped out in profit. Now waiting either for reversal or trend continuation.
if price is in sideways or uptrending market the percent R indicator provides clear entry spots. Now I am still long on nasdaq and S&P 500 with a trailing stop below fridays low.
My first question would be: which futures market should i trade next week? The answer must have been SHORT soybean oil, low risk high reward when you enter in trend direction. My second question would have been: when to take profits?: an Ai will always give you this answer: when the exit condition generated the most profits in the past, which was in case of...
I am using the entries as setups: waiting for next session opening before entering Of course no short entries above 200 ema line
On Monday 15 may it was clear that nasdaq is the strongest futures market on the daily chart so entering on an openingrange breakout to the long side was a nobrainer. For the short play consider this: It basicall does not mater if gold goes down, palladium is more bearish so lets play metal short with the palladium instrument and long gold (if there is a setup in...
trailing now the stop of the short trade above prior two days high this setup was highly proftiable in the past
now pepe is listed on all major exchanges will it have another run up like last wednesday? we are in the 50-61.8% retracement zone a break above 0.0000027 could trigger another up move.
trade of the year so far re-entry was possible with market cipher indicator.
on the first top exit, also on the tripple top exit but on the 3rd or 4th time a market goes to new recent high, assume it will break out to the upside...
But only if the 61.8% levels hold like the last two times the upmove looks interessting to me
Support on 1826 level triggered an upmove Next entry for an upmove at 1763 in case current upmove fails
Multiple indicator point to lower prices, maybe another buy is possible at the 50% level
there a clever method to enter cheaper simply buy the 50% level or the bar that broke prior high
Shorterm heating oil might go up Fridays priceaction suggest a bullish move COT commercial index is at 95 2nd (safer entry) is above 2.78
really like the support and reistance multiple timeframe indicator as it clearly shows where prices will turn using 1 hour bar breaks for entries and short exits in the support or long exits in the next resitance zones gives you a high reward/risk factor...
somehow the support and resistance indicator was not updated but see for yourself the 1 hour chart works perfectly for bounces of prior S/R areas
clear support areas so simply going long if the high of a 1 hour bar is broken at one of the support areas. below 3971/3840 or above 4007 looking for shorts
using the support and resistance zone indicator there was a clear bounce entry above the 27300 level (entry above a prior hour high with a 1:1 price target) now price continues to move higher then the target, so i trail my exit stop below the 18 sma