Djianalysis
Dow Jones Trading 2 HR Chart Oktober EducationHere i show you a simple trading stragety
on a 2 HR Chart.
So only a few trades in a month.
Trading Long if you have a high high
anmd trading short if you have a lower low.
10 Trades
+ 330
+ 60
+ 400
- 270
- 45
+ 30
+ 45
- 110
- 190
+ 250
6 Gewinner + 1115 Points
4 Verlierer - - 715 Points
SUMMARY 400 POINTS
with only 4 times a day to watch the chart
It would be even better in a 1 HR chart
with more trades and better Results
Good trades.
if you want to support my work, please like them
My analyes here are all NOT a request to buy or sell
seomething. Allways do you own research.
Renkotrade
LONG DJI Dow Jones How to trade DJI before open
Hello to all watching my charts.
Dow Jones is fine to trade by support / resistance and also trendline
Trading.
Look at the chrt for today.
We have support in the aerea 26730 (blue line) and we do have
a LONG trendline which is now 26855.
But the the support levels to watch out.
I count only END of 1 HR information.
So a level below that which is only in the Hour is not counted
in my system.
Good trades
If you want to support my work , please be so kind and like them
-
My posts are not and advice to buy or sell something
always do your own research
-
Renkotrade
DOW JONES/SPX500 - EU woke up with a strong downwards moveHello traders
I. Wisdom of the day
I heard a lot of trading saying that trading INDICES (CFD) is only interesting when the USA wakes up.
Nothing could be further from the truth...
It's not common knowledge that the DOW JONES/SPX500 often give an interesting move when the Europeans wake up.
This interesting trade often happens between 6:30 and 8:30 am (UTC+2)
II. Why a 1-minute chart?
This is not a scalping trading method, it's intraday and based on smoothed indicators for entering in a strong trend only.
The Algorithm Builder method won't give more than 3/5 trades per day even.
Those are the most secure trades possible because:
- the system waits for a strong confirmation and will avoid the fakeouts
- the 1 minute allows to enter very early. This point is crucial.
I made it so that to enter early but with a minimum of security.
III. Signals of the day
3.1 Morning trade
No trade is easy. Especially when I just woke up, signal given in front of supports but... you know the drill... What's a decent way to reduce one's risk?
Answer : Wait for a pullback.
I usually wait for a pullback near the EMA(20) - symbolized by the red circles on my screenshot.
Pullbacks and invalidations are keys to reduce one's risk - which put more weight on the opportunity side of the opportunity/risk scale
3.2 Afternoon trades
The first signal was in front of resistances and against a leading trend. A leading trend in a bigger timeframe also increases the trade security => less risk
IV. Last words
Do you think that looking first to decrease the risk and then capturing the opportunity is the way to go?
All the best,
Dave
Algorithm Builder - INDICES - DOW JONES - Review Oct 18th, 2019Hello traders
I. Daily tutorial publishing challenge officially begins
Starting today, I'll be publishing every night what were the setups given by the Algorithm Builder Indices .
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You'll find more information about that script in this script signature.
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II. Wisdom of the day
Last Friday was the Triple witching hour day. That is the day where the US contracts come to expiration on the US market - this event happens once a month.
Hopefully, only once a month, because this day is often particularly hard for traders to trade.
Those days are the expiration of three kinds of securities:
1. Stock market index futures;
2. Stock market index options;
3. Stock options.
The simultaneous expirations generally increases the trading volume of options, futures and the underlying stocks, and occasionally increases volatility of prices of related securities.
III. Signals of the day
2.1 Morning trade
We had a difficult move to take because in front of multi-timeframes resistances. What I usually do, is to wait for a pullback near the EMA 20 which has a few huge benefits:
- generally gets me a better entry price (lower for a long, higher for a short)
- reduce the distance between my entry price and stop-loss - hence reducing the risk of the trade
The Algorithm Builder - INDICES calculates the stop-loss internally, based on the price where the signal appears
2.2 Afternoon trades
1. 8:45 am
The first SHORT was given against the leading trend. Around 2:45 pm the background is green, meaning the leading trend is still bullish but as we got a short trade, we had to take it.
Plus we were just below a ton of supports which tells us that a pullback near the EMA 20 is really required.
Before getting invalidated by the brown vertical bar, we had an 84 pips opportunity .
It's usually a good practice to set the stop-loss to breakeven or exit completely a position before the opening at 9:30 am.
We often see violent and unpredictable wicks a few minutes before and after the US stocks open.
2. 4:05 pm (UTC+2)
The IDEAL scenario for the Algorithm Builder. Leading trend is red, short signal, no supports near, a great setup with a decent risk-to-reward ratio.
When we're in the same direction as the leading trend and the next algorithmic SMAs are a bit far, those are the moments where I know that my reward is far greater than my risk.
Would I overleverage or increase my position size drastically anyway knowing this is the Triple witching hour day? Maybe not :)
Maybe I should have (kidding) :( ... it was a 162 pips move :)
All the best,
Dave
ECONOMIC RESET IS NEAR - LEVEL PLAYING FIELD IS NEARDJI VS GOLD
You probably noticed news media screaming about upcoming recession recently... Weird right? Sure is, because that's not exactly what is happening behind the scenes. In reality we are witnessing what is called 'economic reset' also known as financial systems reset. That means that even though recession like impacts are likely, you're not exactly going to see a full follow through this time.
Sure it's easy to make comparisons towards 2008 and say that due to negative yields and other indications that we will have 2008 on steroids... While those people would be correct in a way, we see it a bit differently.
Crypto currency was not invented by mistake and released in the form of Bitcoin in 2008. It was created to 'beta test' a new type of economic system which would result in a 'levels playing field worldwide' and ensure near instant money transfers from point A to point B, eliminating third parties while at the same time increasing control over money flow. I'm not here to suggest that Bitcoin or some crypto coin will be used as global currency in near future and all that, but I am here to suggest that blockchain on which cryptocurrencies run today, might very well be used in the next generation of our global financial systems.
I'll dive deeper into that sometime in the future again, but let me quickly get back to the chart itself...
What do you see there?
On chart we see pre 2008 and mid 2008 crash money flowing out of stocks and into precious metals such as Gold. We then observe that same money slowly flow out during the 2011 - 2015 Mega stock market bull run but then we see Gold begin stabilizing around March 2016 and resuming the uptrend going into today, while the stock market slowly comes to a stall as we see an increase in the trade wars, negative yields, increase in debt and continued world political instability. What does all that mean? It means that the rich are slowly but surely migrating from the traditional stock market into precious metals ones again such as Gold. That also indicates that they potentially see more profits being made in Gold value rise vs the traditional stock markets. We have also heard IMF, World Bank and some of the G20 governments indicate that economic 'reset' is coming and we've heard some leaders express worry in regards to current economic state. Although it might be difficult to wrap your head around exactly what is going on and what is to come, it's surely alarming to see some of the top stock holders such as Warren Buffett unloading on the market while telling the average investor to continue buying.
Conclusion? Be ready for a transition between the old and the new economic/financial systems. There's no guarantee that we will see a shift or a price correlation in the traditional stock markets however its nearly safe to say that something is going to move sooner than later and to be prepared financially.
I will expand more on the upcoming resets soon, but at this time keep in mind that I am not a financial advisor, do not invest what you're not able to afford to lose.
Dow: Just Over 25,000 Monday; Then Brief Relief Rally; Then DownOn Monday I am targeting a finish just over 25,000 but not by much, followed by a slight relief rally to trap bulls further before coming down further.
My target is near 24,000 +/- 50pts by the Fed meeting in mid September where as a result of the stock market on the verge of collapsing, and the trade war escalation, there will likely be a 25bps cut. However, I do not see the Fed providing more immediate relief by proposing a 50bps cut. Therefore, I don't see a huge relief rally off the cut.
At this point, if the Fed cuts 50bps, this will induce more scare into the market as a confirmation of a failing economy. So a one day relief will turn into a potential melt-down. Moreover, I do not believe the Fed can rescue the market at this point (nor can the ECB).
Ultimately, to rescue the market from full melt-down and collapse, you will see huge fiat currency money printing in expense of the USD (and other currencies around the world). For this reason, people should have significant entries in Gold/Silver.
- zSplit
*Note: I will continue to update this idea incase Trump issues some "fake news trade updates", in which case relief rallies may extend further than I have suggested here.
Thoughts on the Dow Jones Heading Into the WeekendHope you guys enjoy the video, be sure to leave a like, comment, and follow for future posts!
The Dow Jones was down about 600 points today as President Trump continued his sparring session with China, and increased tariffs yet again. We can see a dangerous M forming on our 1 day time frame and I indicated crucial support levels with the fibonacci as well as the dashed red line. If those levels do not hold, we will see the Dow take a plummet in the next week, and the talk of a recession may become a reality. Looking at our shorter time frame, we can see the Megalodon timer giving us a green. I hope that this is a sign that buyers will hold the support levels for the Dow Jones, and hopefully the US and China can come to an agreement soon, so that we may continue our bullish run in the stock market!
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What's Next For the Dow Jones?The Dow Jones has been all over the news as always, but very volatile as of late. With trade wars escalating, the question of a recession is at the front of the headlines. If we look at our 1 day time frame we can see our fibonacci retracement level right below the dashed line I put on the chart. This is the danger zone. Looking at the chart pattern we can see a dangerous M beginning to form. The MacD also looks suspect as the DJI had a rough day. If the Dow cannot hold these levels between the dashed line and the fibonacci line, we may really see a volatile downwards movement. It is not looking great. If we turn to our shorter time frame though, we can see that the Megalodon timer is giving us a green. Hopefully this will be enough to boost us back upwards, because if not... the talk of a recession may become a reality!
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$DJI- Massive Crash ImminentElliot wave patterns always move in the same specific way. In a 5 wave pattern which will inevitably be followed by an ABC correction. The textbook example of the pattern is shown right below the monthly Dow Jones Chart.
The Dow Jones is a compilation of the top 30 stocks. A crash in the majority of these stocks would rock the global economy in ways that we have never seen.
By now you’ve probably been hearing people say here and there that the stock market is a bubble. They’re not the majority, but we saw the same sort of behavior during the Bitcoin rise to $20,000. Which was, of course, a massive bubble. These views should be taken seriously.
Because of the way that the Elliot wave works it is impossible for there to not be a massive ABC correction to follow, which could potentially last for decades.
Instagram: @Crypto_Planet_VIP
Website: Cryptoplanet.cash
BRACE! Wall street (DJI) in trouble. I review some of the potential moves on DJI and probabilities (not predictions) ahead. Importantly price has violently punched down through a daily investor zone. The weekly and daily time frames create probabilities for the south on lower time frames. This is both an opportunity and risk. Have a look and get ready.
Disclaimer : As usual if you lose your own money, kindly sue yourself.
DJI big fall aheadThe Dow Jones hit historical maximums. I believe this is just a bull trap and a big fall is on the cards.
We see on the chart a big RSI divergence and the price printed somewhat of a doji just before season earnings started. Also MACD (not in picture) confirms the bearish momentum. It has been reported that earnings this quarter are going to be pretty bad and the Fed rate cut has probably already been weighted in.
A fall to the 26700 area will happen in a quick way. I believe the correction will be stronger and a fall all the way to the 25400 area is very very plausible.
I am ready to short this market at the minimum retracement.
Do you have different ideas? Let me know in comments!