Even though I got cut off after about 25 minutes, I'm sharing this with all of you to teach you how to use one fo the most important PRICE STRUCTURE features for any chart Fibonacci Price Theory. The consensus of all TA is that PRICE tells us everything. Fibonacci Price Theory is the REAL DEAL. Use it on a 1 minute, 5 minute, 60 minute, or Daily - ANY...
To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”. In today’s tutorial, I thought...
Hey y'all… The highly requested—Is here. Most of us love the idea of a bare chart… but can't seem to let go of the values—by indicators. One of the most important signals in—Nasdaq100 are divergence. Pfft… So, I thought… Why not make it easy? This is my own theory—So… you might not get it on YouTube or books. I figured this out with experience. Use it wisely;...
This isn't exactly cutting edge, high grain analysis, but it's an angle to consider. this market is leveraged differently during the new york session. that allows people to buy more contracts at a time. just a statement of fact, I don't know how that would effect trading strategies.
Hey everyone I thought I can share with you what I see working intraday trading the Futures markets. One size definitely does not fit all. Beware of people that tell you their way or the highway! This may resonate with some traders and not with other traders. Getting really good at identifying the Initial Balance, VWAP and Daily Weekly Monthly Levels for areas...
In this video I show you how I used the Opening Range and Initial Balance indicator to predict price. There was one real opportunity today to catch the rally of the ES. The pullback to the top of the Initial Balance at 8 am PST was a textbook long entry. *** I may have said NQ in the video. I meant the ES.
A demonstration of previous day value area, fibonacci extension and price action analysis. Remember to use your stops and trade with a plan!
NQ 1 hour futures set up for a further decline. Interested to see what the night will bring for momentum. Overall, the EMA and MACD are in tandem with a slight short term downward trend. By the numbers: 1) MACD cross over down several trading bars/candles ago. Notice to the left the MACD has also dipped below the even/zero line indicating negativity brewing in...
The chart is part of our educational article "Trading the Elliott Wave Principle - Part 2."
The NQ weekly chart corresponds to the example of our educational post " Impulsive Waves Construction - Part 4".
Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out. These posts will be short simple and insightful. Notice the daily is bearish. We know better than to hold onto long positions. Over the...