Dow Jones YM Futures Wednesday July 3rd Daytrading Setup Long
I am looking for a continuation Long going into the double top at price target 39,844
I don't know where price will stop at during the pullback, either between the top third or the top half.
I will target 39,830 to be conservative and get out before it reverses. I don't know where the top will be.
Tomorrow will be the day before the 4th and so it also could be a chop day, I am not sure.
All I know is that I don't need to know anything to make money.
I will keep this post updated on my Live performance with my wins and losses. I am not afraid to show any of my losses as I know my win rate is 40% and I am quite wrong. I have no ego regarding this because my targets are always 3 or 4 to 1.
I don't know where price will stop at during the pullback, either between the top third or the top half.
I will target 39,830 to be conservative and get out before it reverses. I don't know where the top will be.
Tomorrow will be the day before the 4th and so it also could be a chop day, I am not sure.
All I know is that I don't need to know anything to make money.
I will keep this post updated on my Live performance with my wins and losses. I am not afraid to show any of my losses as I know my win rate is 40% and I am quite wrong. I have no ego regarding this because my targets are always 3 or 4 to 1.
Note
Trade still has not triggered yet. I am still waiting for Longs. Waiting for the market to finish its consolidation and I will go long back up through 39,844Note
I will be using a 50 tick stop and a 150 tick profit if/when I get filled. I am not sure how far down price will go as it is still consolidating. I could enter in blind limit orders and accept the loss if it happens or continue to wait for the signal Long.Note
In order to move 300 ticks explosively through up to 39,900, there has to be something to do so. I see there is FOMC minutes at 12pm my time. I sense a short squeeze setting up for a 300 tick explosive move. Something is going to happen soon.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.