Silver moving aggressively Silver has started to move aggressively. Interesting to note that it’s when the US markets are closed and it’s the evening in Asia.
Volatility
NQ - trading session no.114:00pm - 4:58pm
learned some things today; maybe really only focus on pullback entries?
PnL: +0 RR
NQ Power Range Report with FIB Ext - 5/24/2024 SessionCME_MINI:NQM2024
- PR High: 18696.25
- PR Low: 18678.00
- NZ Spread: 40.75
Key economic calendar event
08:30 | Durable Goods Orders
Major decline prev session from ATH 19023.25
- Inventory settling at Tues - Wed lows
- Front running 18600 pivot
Evening Stats (As of 2:35 AM)
- Weekend Gap: N/A
- Gap 5/23 +0.23% (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 230.77
- Volume: 25K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -1.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 5/23/2024 SessionCME_MINI:NQM2024
- PR High: 18873.25
- PR Low: 18843.00
- NZ Spread: 67.75
Key economic calendar events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | New Home Sales
High vol spike at prev session close
- Session gap into ATH push with momentum
- Supply ceiling at ~18972
- Pushed the high ~80 points
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 5/23 +0.23% (open < 18824)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 226.65
- Volume: 33K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -0.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Solana SOLUSD appears ready to reverse SHORTThis is a 33-40% swing trade short crypto SOLUSD. The idea is on the daily chart.
New Volume Indicator: VolTrendHello everyone! In this article I want to talk about a new volume indicator.
The VolTrend indicator shows bullish and bearish volumes in addition to the total volume data shown by the classic volume indicator. With this indicator you can see not only the total volume, but also bullish (bullish) and bearish (bearish) volumes.
🔶CHART🔶
The white columns in the graph show the total volume.
The green columns on the chart show bullish volume.
The red columns in the chart show the bear volume.
The blue line in the graph shows the average volume of the last candle up to the number value entered in the settings.
🔷TABLE🔷
In the "TOT" column: The "NET" line shows the total volume in net terms. The "%" line shows the percentage by which the total volume of the current candle is more or less than the total volume of the previous candle. If the background is red, the total volume of the current candle is less than the total volume of the previous candle; if the background is green, the total volume of the current candle is more than the total volume of the previous candle.
In the "BULL" column: The "NET" line shows the bull volume in net terms. The "%" line shows how many percent more or less the current candle's bull volume is than the previous candle's bull volume. If the background is red, the current candle's bull volume is less than the previous candle's bull volume; if the background is green, the current candle's bull volume is more than the previous candle's bull volume.
In the "BEAR" column: The "NET" line shows the bear volume in net terms. The "%" line shows how many percent more or less the current candle's bear volume is than the previous candle's bear volume. If the background is red, the current mumu's bear volume is less than the previous mumu's bear volume; if the background is green, the current mumu's bear volume is more than the previous mumu's bear volume.
In short, with this indicator you can clearly see the total volume, bullish and bearish volumes and you can also easily keep track of what percentage the previous total, bullish and bearish volumes have fallen or risen on the current candle.
What do you think about this indicator and would you like me to share it?
FREMA Levels for StrategyFREMA facts:
Upper hot color bands are based on Buying Pressure
Lower cold color bands are based on Selling Pressure
This makes the levels of bands be more relevant to the candle metrics. The regular ATR bands the upper and lower levels expand equally with ATR change. Whereas FREMA levels expand and shrink by the change of 2 factors: Buying and Selling Pressure.
In a nutshell, it's the bullish and bearish parts of the candle measured with separate variables that govern the upper and lower bands independently. Therefore we can agree that out of all volatility bands, the FREMA is more native to the nature of ongoing price fluctuations.
The volatility levels can be implemented in strategy for trading the range of probabilistic prices. Combination with trend-following indicators can determine the condition of multiple buying orders at different cold color levels.
To be able to catch the very bottoms, the condition of bullish entry series should be set with 0 open trades unless the price or any other price-following substituting components are equal or lower than one of the lowest bands . This filters the entries from risks of buying as soon as price falls below middle deviation line.
For filtering with "Buying and Selling Pressure" use open source code below:
NQ - trading session no.104pm - 4:57pm
price was choppy af today (I hate that)
--> maybe trade 1h later when price gets trendy?
overall good trades imo; the SL placement could use some work tho
and overall Im satisfied with my performance
PnL: +0 RR
Good Entry - Earnings Sell OffGood entry here. Long term addition or swing trade. Added VZ long position
NQ Power Range Report with FIB Ext - 5/22/2024 SessionCME_MINI:NQM2024
- PR High: 18813.00
- PR Low: 18795.00
- NZ Spread: 40.0
Key economic calendar events
10:00 | Existing Home Sales
10:30 | Crude Oil Inventories
14:00 | FOMC Meeting Minutes
Continuing to grind into new ATH
- Holding above prev session high
- Daily pivot off 18600 range (inventory)
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 219.76
- Volume: 12K
- Open Int: 245K
- Trend Grade: Bull
- From BA ATH: -0.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ - trading session no.94pm - 4:46pm
was a great day! Learned sum stuff had had overall good trades
3rd trade: maybe dont expect too much from price
--> mark the highs a bit lower and the lows a bit higher?
PnL: +2 RR (couldve been a +4 RR day but well)
FET looks goodPicture perfect setup. Huge prior advance, 2+ month digestion, extreme volume contraction, volatility contraction.
Obviously dependent on the overall crypto bull market to continue, but if BTC and ETH go, expect FET to be a high-beta play in the crypto space.
NQ Power Range Report with FIB Ext - 5/21/2024 SessionCME_MINI:NQM2024
- PR High: 18755.00
- PR Low: 18741.75
- NZ Spread: 29.75
No significant economic calendar events
Prev session lift ATH
- Holding inside prev session highs
- Below prev session close
- Low vols continue for 3rd week
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 226.45
- Volume: 11K
- Open Int: 244K
- Trend Grade: Bull
- From BA ATH: -0.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Dow Jones Weekly ATR EstimationsGoing through the weekly chart for the averages of how far Dow Jones can move in a week.
The last 84 weeks averaged out to 937 ticks. This lines up with the medium sized candles.
There are three types of weekly candles
1. Small Doji candle (28 occurrences)
2. Medium sized candle (47 occurrences)
3. Large expansion candle (9 occurrences)
This small set of data sampled tells me that the vast majority of weekly candles have a medium sized move between 700-1200 ticks with the average of all 84 weeks being 937 ticks.
Large sized expansion candles are rare with only 9 weekly candles exceeding 1400+ ticks
Small doji style candles are also fairly common with 28 weeks being between 350-550 ticks
Now that I know this information, the question is how to use it effectively in Live Time.
Trading Insight: Bombay Burma (NSE: BBTC) SharesI always use a 200-period EMA and RSI with a 200-period. An RSI above 50 indicates bullish strength in the EMA. Let's analyze Bombay Burma (NSE: BBTC) shares. Based on the chart and the April 25, 2024, closing price of 1578.90 , the best buy is below 1553 . The stop loss is set at 1321.60 , with a probable target of 2107.00 . This setup offers a risk-reward ratio of nearly 1:2.40.
NQ - trading session no.84pm - 5pm
learning and improving
today was hard because of a strong resistance that made price choppy
but yk, I cant expect for price action to be perfect every single day
PnL: +1 RR
NQ Power Range Report with FIB Ext - 5/20/2024 SessionCME_MINI:NQM2024
- PR High: 18658.50
- PR Low: 18631.50
- NZ Spread: 60.5
No significant economic calendar events
Volatile open following Powell
- Hanging out inside Fri and Thurs range
- No change from ATH pivot
- Inside Wed highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 234.22
- Volume: 15K
- Open Int: 246K
- Trend Grade: Bull
- From BA ATH: -0.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
Schiff show: VIX gap filled.Volatility is near record lows. Low VIX is often associated with market tops. 0day options have been pushing VIX down further than normal though. Judging from the many solid candles on the monthly chart, the month often closes near tops and bottoms. So there should be plenty of time. The writing is on the wall. But it would not be surprising to see stock prices remain elevated, with correspondingly low VIX, until June 3 or later.
Caption: Using the auto pitchfork indicator and choosing Schiff pitchfork reveals alignment with the gap.
XNGUSD- Bollinger / TTM Squeeze for Breakout LONGThis 30 minute chart of spot natural gas demostrates the indicators triggering / signaling a big
move as it gets underway. I missed the big move catching the two smaller scalpes earlier in the
day. For me, this demonstrates the value of one or more of these indicators armed with an alert
or notification to catch the move once it gets started. It also shows the value of detecting a
Bollinger band width and volatility contraction before the release. Price action is showing
a high tight flag pattern which could forecast a similar leg higher after sufficient consolidation
to ti reach the consensus equilibrium of buyers and short sellers as to what the price should be.
I will be one of those buyers adding again to my position which I expect to swing trade
at least the rest of this week. For those already with good-sized positions, some may elect
to sell some to take a partial profit. I am considering being more watchful of such a situation
also realizing that a short squeeze could get underway since XNGUSD as been falling for
sometime. Long-time shorts might decide this is the exit point to avoid further loss of
unrealized profits. If they do so they play into the hand of new buyers and those holding.
Buckle up, this could get interesting.
XOM “Exxon Mobile” Cup & Handle Cup & Handle forming on XOM as the Energy Sector remains bullish in this unpredictable economic environment…..let’s see how this one plays out.
What happens when the VIX peaks above 20?Tom Bowley always reminds traders and investors to watch out when the VIX spikes above 20. I looked at what happened to the SPY since the GFC whenever the VIX moved up above 20 (with gusto) on a monthly basis and the SPY percentage change from that moment until the bottom.
NQ - trading session no.74:00pm - ~4:50pm
- a few experimental trades but overall a good day
- after the 4th trade I cut my risk in hlaf and kept trading
PnL: +2 RR
NQ Power Range Report with FIB Ext - 5/16/2024 SessionCME_MINI:NQM2024
- PR High: 18657.00
- PR Low: 18640.00
- NZ Spread: 38.0
No significant economic calendar events
Pushed ATH to ~18760
- Faded back inside Wed range
- Inventory response of prev session low, slight session break gap up
- Relatively low volume to start the session
Evening Stats (As of 1:45 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 240.60
- Volume: 19K
- Open Int: 245K
- Trend Grade: Bull
- From BA ATH: -0.5% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
