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DAY

How to start a day of tradingDay trading after the opening of the preparatory work 1, to determine whether the market today is a unilateral or shock - the price in the 3 minute chart 30 minutes the highest price and the lowest price between the region up and down the volatility of the shocks, a breakthrough may occur. 2, judge the midline trend - if the 60 minute chart trend is up, as far as possible from the start; on the contrary, from the short start. Short-term players don't have to stick it, in terms of the unskilled novice straddle thinking conversion reaction not so fast, it is recommended that only along trend chart for 60 minutes to do. 3, the analysis of long and short popularity --- we can change from the volume and position of the popular strength of battle. Put a lot of prices did not fall, may have bottomed out, amplification and its price is rising up, short-term may rise to the first. Rise and fall process requirements are different, the rising process needs continuous uniform volume, Volume 3 minutes K line graph in uniform, indicating that the rally will continue, if there is a substantial reduction or a very large amount, up may come to an end. Fall is different, as long as the next break down some of the key positions when the volume, the downward trend will continue. Prices rose to a certain price is up, positions has been increased, trading pending the price than a low that prices are likely to fall. Masukura stagflation, short selling is a very good opportunity, or Masukura lag down, easy to rebound. 4. Look for key points -- draw a diagram of pressure, support, the trend line and other such as FIB retracement withdrawal line, the price reached or break through the key points to take prompt action.
Long
by Daniel_Wu
S&P 500 emini futures day trade ideas for Monday, May 16Although I do not have access to a Market Profile indicator on TradingView , I've shaded in the areas (on a 30 minute bar chart) where I see two separate distributions from Friday's double distribution trend day selloff. If the market opens Monday in the lower distribution, I would look to enter a day trade short if price rallies to the high of this balance and fails, re-entering the lower distribution below 2047.75 with a stop above 2049.25 (back inside the upper distribution). There is also a single print at 2051.25 and may be a more attractive spec short, as that level could be considered the "spike base" from Friday's earlier 3rd period low. Short targets would initially be Friday's low, and possibly to test last week's low at 2033.75. If that weekly low fails it opens up the possibility of trading down to 2026.00, which below that would stop the one time-framing higher on the monthly bar. If price opens Monday in Friday's upper distribution ideally I would look for a long entry if price trades down to 2047.75 with a small stop just back into that lower distribution, with initial profit target of 2058.75 - where mechanically two 30 minute periods sold off from (mechanical because it was Thursday's close). With declining NYSE volume Friday of 3.5 billion, Friday's selloff could be attributed more to weekly options expiration, and the market could be very short. With any trade monitor for continuation, and look out for a possible short covering rally.
CME_MINI:ES1!
by es-traders