YM E-Mini Dow Future
Updated
Action : our position stays Long and today the Stop has been placed higher, in the profit zone.
Why : the buying volume quantities of the last three days are slowing; the YM value uptrend shows some difficulty; the CCI (orange line) in the pane below has gone in the overbought channel; but the OBV (green/red line) in the pane below maintains its uptrust; so... it is preferable to protect our profit gain by elevating our Sell stop.
Risk: making less profit eventually if YM crossed down our stop and resumes higher rapidly.
Why : the buying volume quantities of the last three days are slowing; the YM value uptrend shows some difficulty; the CCI (orange line) in the pane below has gone in the overbought channel; but the OBV (green/red line) in the pane below maintains its uptrust; so... it is preferable to protect our profit gain by elevating our Sell stop.
Risk: making less profit eventually if YM crossed down our stop and resumes higher rapidly.
Trade active
Action : no change to our Long position, nor to our Stop and Limit orders already in place.Why : as noted yesterday, the YM value needs more stems going up; Preferable to wait before moving our waiting orders.
Risk : the market action, following the tomorrow Fed decision, may conduct us to modify (or not) our Stop waiting order.
Trade active
Stay Long and no change at Stop and Limit orders in place.Correction : the Fed meeting is next week ans not today as cited in my comment yesterday.
Wyn-Trader
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