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Emini

Spx potential double top.we're favoring a return to highs as of now. this gets confirmed within a couple more daily closes above 2810. invalidates completely below 2720. a double top would bring us a target of SPX 1000. 3400-2200= 1200 --- 2200 - 1200 = 1000 we have many reasons to assume such a target is not only possible but likely. if we get a higher or a lower high then no target can directly be inferred... we do not completely exclude a continued bull market, but that's not our preferred view at this moment... and after 10 years of rising prices. Please note: if you're a swing trader or investor you may prefer to wait for Macd cross on daily for confirmation.
CME_MINI:ES1!Long
by LotusTrading20
1
RTY1 1D BEAR FLAGBear Flags are Ranges that are repeatable trading chart patterns. Bear Flags are a chart patterns that will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
CME_MINI:RTY1!Short
by Tradingstrategyguides
Winning Daytraders Understand Trend Trading.Hey guys, most people that get into the markets want to learn how to daytrade. They want to learn how to play the market on a day to day basis and eliminate a lot of the stress. Smart day traders understand trend trading. At the end of the day if you are trading something like a 15 minute time frame you're aware of how much noise their is in the markets. You need to eliminate the noise and focus on trend. Stop trying to scalp every little move getting in and out and racking up your fees. What we do is identify some of the largest trends that we can find... the more noise you filter out, the better your odds are at winning. Then we just follow up with good risk management. Take a look at the ema dots indicator. This takes out the complicated noise that most traders battle back and forth all day long either selling too early or buying too late. You need to stop focusing on trying to capture the exact bottom and the exact top. Just focus on capturing the overall trend transitions. Every 15 minutes for example on this chart of the ES futures CONTRACTS we will get a set of dots to close a certain color. We take our position when they align and set a take profit, or hold till next transition. Easy. You risk a little to win big, meaning you play good risk management knowing that the next major move is right around the corner. Technically you don't really need to understand support and Resistance but it does help. I personally believe trading the trend is the way to the gold mine.
CME_MINI:ES1!Education
by UnknownUnicorn2319099
1