Sell YM (DOW JONES FUTURES)Hello,
We have a fantastic signal to sell YM on 15min chart with a target of 38455$ in couple of hours,
Ibrouri
MYM1! trade ideas
YM - Unruly Dow 30Unlike ES and NQ, YM has failed to create a higher high on the daily timeframe suggesting that if we were to see some form of a retracement, YM could be the first mover.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
YM Day Trading Gameplan For WeekNow that Monday has finished trading, I have a better idea of what is likely to happen.
Price is looking like it is in a 2 legged pullback to find the next higher low.
Price has been inside of a bear flag since the 27th
I will be looking for shorts on Tuesday and Wednesday down into major 1 hour support for a new higher low.
My stops are always 30-40 ticks with targets varying between 65-85 ticks
I trade in direction of the 15 minute higher timeframe with the 5 and 3 minute as entries.
If the bullish trend will continue, then it needs to find a higher low and then break higher to a higher high. I will be looking for 39,500 this week hopefully as the higher high
US30 BULL RODEOThis is my demand zones for US30, it has been a long time since I traded US 30, but it's looking very bullish! We have made some new highs and expect to keep pushing! The target could be 40000 in the longer term since that´s a round number and a psychological level.
YM - Sellside Rush @ All-Time Highs Apologies for the quality in this recording. My previous one deleted last minute and I never had time to create another detailed review before work.
Last week, we were looking out for shorts but never got the full range.
This time, 39,050 - 39,040 is in the cards for this weeks trading
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
YM1! Either a Re-Accu or a Distro SchematicMarket is extremely bullish, and likely to try the 4000 USD psychological level to attract more buyers. In any case, we need to see the H1 schematic to play out, and in this case, wait to see what happens in Phase C and D.
Dow Jones Target Of 40,000 Coming SoonJust following the bull trend of higher highs and higher lows.
Right now it looks like another consolidation near support and a higher low from Feb 21st
I think 40,000 is where the market wants to go and will just keep buying the dips.
Dow Jones in Focus: Fake Rally?Today, we're taking a closer look at the Dow Jones Index, specifically the E-Mini Dow Jones Futures. It appears we're in Wave (2), overshooting the target and forming an Expanded Flat correction. If there's a turnaround here, typical for such waves, we might see a correction somewhere between 50% and 61.8%. We consider more than 78.6% unlikely, so we're betting on a correction in the 50 to 61.8% range.
Digging deeper, we've spotted an exciting pattern: a short Wave (i), followed by a long Wave (ii), a quick Wave (iii), and a very brief Wave (iv). This sequence could lead us to either Wave (v) or a larger B wave. Should the index continue to climb, we'll need to rethink everything. Surpassing the $40,000 mark would mean we're entering a new uptrend, requiring a different analysis. For now, we're leaning more towards a downward movement than an upward one. After much consideration, we've decided to initiate a short position on the Dow Jones as a bit of a hedge. We're particularly cautious about unexpected market movements triggered by insider trades. This strategy isn't about putting all our eggs in one basket but about spreading our risk.
In short, this strategy is our insurance policy. If the market continues to rise, any loss on the short position would be offset by gains in our long trades. Conversely, if the market declines, the short trade will help minimize our losses. This balanced approach keeps us flexible and eager to see what unfolds.
YM Buy Set Up on Daily. Buy over 39,044Set up is pulling back to a rising daily 21ema, when green takes out red, buy limit. That would be 39,044.
The weekly 21ema is pointing straight up, indicating higher prices projected.
So far this week has been a slow and steady pullback, a resting bar.
Short term target is 40,000 minimum
Long term target is 115,000 in 2035
Demographics tells me that Millennials will become the biggest generation and they will be hitting the years 35-50 range ( Prime Earning and Saving/Investing Years)
This will drive up the bull run.
YM Pullback Looking For A Higher LowWith the weekly 21ema pointing straight up, I am looking for pullbacks for another higher low buy opportunity.
One range expansion of the 2022 high/low will put it at 45,000 as the bare minimum target.
I have a target area of 95,000-115,000 in the year 2035.
I believe price should stay above its rising quarterly 21ema for the remainder of the bull run higher to at least 115,000
Dow Jones Weekly Buy SignalAfter two weeks of consolidation at a rising weekly 21ema, last week's weekly candle broke and closed above both. I don't really see any pullbacks coming soon. First target is of course 40,000 but I plan on holding for awhile as I believe this move just got started. I can see 50,000 in the future as well.
YM - Weekly Rangebound Galore ?Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to CME_MINI:ES1! and CME_MINI:NQ1! , CBOT_MINI:YM1! has been stagnant for the past two weeks.
Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body closure.
$38,000 is a region in price where I forecast CBOT_MINI:YM1! to trade to this week.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
YM Friday Gameplan Bullish/Range Bound Top of Rising WedgeToday closed at the end of the session with a bearish engulfment and a pin bar wicking into the top 50% of said engulfment. I am seeing the 21ema start to flatten out and possibly roll over with massive space between the 21ema and the 200sma.
Friday I think will be a choppy/range with a slight bullish tint to maybe take out Thursday's high and make another hit at the top of the rising wedge.
I will have to see tomorrow morning how price behaves. I am only making a rough guess as I tend to not like to have biases when day trading. I just trade setups.
Like today, I have a bearish long term position down to 24,000 or -37% but I still daytraded a bullish pullback setup
This was my only trade Thursday
I was wrong on the 0.85 fib but as I don't trade the first hour, I just sat and watched it plow right through it. I took the pullback trade a full 3 Hours and 50 Minutes after the NY open.
I have learned the hard way that me personally, I get destroyed in the first hour. It is like crossing the freeway and getting hit by a semi.
Angle of the 21ema and the strength of a Bull MoveJust experimenting with the angle of the 21ema and the likely move out of it.
I have seen about 4 different angles and 4 different bull moves
Strong Explosive Moves with 70-75 degrees
Decent Moves with 60-65 degrees
Grindy and choppy up moves with about 45 degrees
Most likely a pullback with 10-25 degrees
Dow Jones One Last Hurrah Into the 0.85 Fib Retracement 38,910Inside the daily rising wedge, price is making a final hurrah before it will roll over. I have marked with the blue line as the important 0.85 fib retracement level and I expect price to have difficulty around this area.
NY will open with a sizeable gap from yesterday and I believe it will be a range type day
Understanding Momentum to filter out the Best SetupsIn the video I discuss how I analyse momentum using MACDs and the 5min and 1min charts when daytrading.
Knowing these key concepts helps me filter out the best setups to get on the right side of the market and in the right trading zones.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
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Did Market Makers Lay Out Template Ahead Of Time? I just now noticed that from 2017 to 2020, that it is a miniature version of what is happening on the long term trend.
This same pattern played out back in 1962-1980
The mini version of 2017-2020 is the same as 2020-2035
Compare it to this mini
YM Dow Head And Shoulders Pattern Target 1.25X At 24,250Now that the top is in, the Daily 200sma will start to roll over and start a downward trend.
The left shoulder is complete
The head is complete
Now we are waiting for the right shoulder to form and to complete with the neckline
I am expecting the right shoulder to rally back up to the 0.85 fib level and fail.
My target is the 1.25 times range expansion at 24,250
Using the 3 month chart, this is what I am expecting for the next 20 years going forward
I am expecting a 36-40% sell off into the rising monthly 200sma and the 3rd channel line. The low I am expecting will be June 2026 for roughly 18 months of a bear market
Fret not, as after the sell off, I am expecting about 110% rally back up to 44,000 at the end of 2029
After that 3 year rally up to 44,000, I am then expecting a 58% sell off into the channel bottom and the rising 3 month 200sma at 18,000-20,000 at the start of 2029-2032
After that 58% sell off, I firmly believe that is the low and price will start a new bull trend with at least a 290% rally up to 72,000 by 2045
Everybody is so fine tuned to what is happening within this small bear wedge in 2023-2024 that they are not looking at the bigger picture 20 years from now. We are in a secular bear market and will have major ups and downs in a range until we breakout of this.
YM1 US30 - SMART MONEY BEARS? 📈💥 DOW JONES ICT SET UP 4H As the bears stormed into the market following the release of the CPI data on the February, 13th of 2024, the impact was felt across the board. The surge in bullish sentiment propelled the market late afternoon New York session, causing a noticeable shift in momentum. Investors and traders alike found themselves navigating the fluctuations with keen interest.
Looking ahead, the question arises - will we maintain levels above 38,000 on the Dow Jones US30 index?
With substantial support levels and demand areas present in this region, the scenario seems promising. If the market can hold steady, we may anticipate price consolidating within the range of 38,100 to 38,500. This pivotal juncture will likely witness further market dynamics playing out, offering opportunities for bullish and bearish price action. If we can’t hold we may continue to see sell-side liquidity sweeps towards 4h demand areas!
YM Sell Continuation On 4 Hour 21ema Now In ChargeAfter the violent spike down into the 200sma ( Bearish ), the 21ema is now in charge. It is declining so that means to pay attention to only bearish candles as the new trend is down. Any and all bullish candles are to be ignored.
The gap between the bodies of the candles and the 200sma tells me they are to return.
If price stays in the lower 0.33% or lower third, then expect lower prices. I can also see price go up to the 0.50% level and reversing as well.
One of my all time favorite setups is green gets eliminated by red at/near the declining 21ema with a one bar stop.
Here is two examples of what I am seeing in today's action.
YM CPI 4 Hour CPI Swing Trade Idea 700 ticksThe 21ema on the 4 hour is flat
Price is pulling back into the flat 21ema
Look for a bullish surge off of the flat 21ema
Can be aggressive and enter short on the close of the CPI 4 hour bar at 10am EST with the expectation of no follow through
Can be conservative with a sell limit at the 50% mark of the bull surge bar. Targeting the demand candle of January 25th
Price level: 38,200
160 tick stop
700 tick target
Estimated holding time 6-8 days
