Showcase: A quick trade on e-mini Dow Jones (YM, 25 July 2022)I recorded the video abit late:
There was a nice pullback formation earlier and if you look on the left side of the chart, you can see the price was on downtrend before it made a reversal with high vol. (indicated in the video as SO, which is actually an SP based on the bar characteristics).
I did set my EP at 31282 but the price volatility caught me off guard and I emotionally entered on market price. Eventually price went down to capture my earlier EP level before continue moving upwards.
We managed to exit with 25pts profit for holding of less than 10mins. This shows that having a proper background and entry on Pullback would yield a good return; bear in mind that in Futures, you need to enter in and out quickly.
MYM1! trade ideas
US30USD YM1! DOW 2022 JULY 25 Week
US30USD YM1! DOW 2022 JULY 25 Week
Last week's long preference worked well.
Weakness shown over 3 TF analysis. We may see
short opportunity temporarily.
Possible scenarios:
2) Market rotation = trade at boundary of range
3) Behavior change scenario
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Ave vol up bar close off high = weakness
Daily: Ave vol UT bar = weakness
H4: Ave vol tiny spread up bar = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30USD YM1! DOW 2022 JULY 18 Week
US30USD YM1! DOW 2022 JULY 18 Week
Last week, rotation strategy worked well again. Point to note for Dow, unlike
NASDAQ and SNP, we didn't see bullish volume returning.
So we will still adopt the rotation strategy.
Also with minor strength on Weekly tf, we can also look for long oppportunity
on retracement.
Possible scenarios:
2) Market rotation = trade at boundary of range
3) Behavior change scenario
4) Trend continuation - channel boundary trades
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Ave vol down bar close toward high = minor strength
Daily: Ave vol u bar close at high = minor strength
H4: Very high vol narrow spread up bar close off high
followed by ave vol tiny spread up bar = weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
YM1! - Weekly Market Update, 7/18/22Dow Futures remain bound by support below and resistance above which leaves us little to no opportunity to confirm a trade idea for this upcoming week.
Support and resistance structures have been adjusted accordingly for you review and reference.
I do not see any actionable ideas at this time. I will update midweek if need be.
Wish you many blessings and much prosperity!
US30 Potential bullish bounce | 15th July 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 30423 where the horizontal pullback support is to our 1st resistance at 31477 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement. Alternatively, price may not break 1st support and head for 2nd support at 30116 where the horizontal swing low support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
US30 H4 Potential Bounce | 13th JuLY 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31218 where the horizontal pullback support is to our 1st resistance at 31866 in line with the horizontal swing high resistance. Alternatively, price may not break 1st support and head for 2nd support at 30434 where the horizontal swing low support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential Bullish ContinuationOn the H4, with price moving in an ascending trendline on the RSI, we have a bullish bias that price will continue to rise from the pivot at 30821 in line with the pullback support and 61.8% fibonacci retracement to the 1st resistance at 31852 at the swing high in line with the 61.8% fibonacci projection and 50% fibonacci retracement. Alternatively, price may break the support structure at the pivot and drop to the 1st support at 30405 the multiple swing low in line with the 61.8% fibonacci projection
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
US30 Potential Bullish rise | 12th July 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31218 where the horizontal pullback support is to our 1st resistance at 31866 in line with the horizontal swing high resistance. Alternatively, price may not break 1st support and head for 2nd support at 30434 where the horizontal swing low support is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
YM1! - Dow Futures Weekly Analysis, 7/11/22The TEAL descending channel structure was able to support selling pressures last week.
Resistance above, BOTH the BLACK and ORANGE would need to be overtaken for this market to grind higher.
Support and Resistance structures have been adjusted for your reference this upcoming week.
Wishing you a blessed and profitable week!
US30USD YM1! DOW 2022 JULY 11 Week
US30USD YM1! DOW 2022 JULY 11 Week
Last week, rotation support long was good. 3 TF analysis is displaying weakness.
We should be expecting lower prices temporarily.
I'm keeping the existing scenario plan from last week.
Possible scenarios:
1) Channel resistance / rotational resistance = short
2) Market rotation = trade at boundary of range
3) Behavior change senario
4) Trend continuation - channel boundary trades
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31867
30406 29639 26212
Weekly: Low volume up bar close off high = minor weakness
Daily: Ave vol up bar close toward low = weakness
H4: Very high vol up bar close off high toward middle + level close in background
= weakness
Remember to like and follow if you find this useful.
Have a profitable week ahead.
US30 Potential bullish bounce | 08th July 2022On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our 1st support at 31218 where the horizontal pullback support is to our 1st resistance at 31866 in line with the horizontal swing high resistance. Alternatively, price may not break 1st support and head for 2nd support at 30434 where the horizontal swing low support is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
US30 Potential bearish drop | 7th July 2022On the H4, with price expected to reverse off the ichimoku cloud , we have a bearish bias that price will drop to our 1st support at 30422 where the horizontal swing low support and 61.8% Fibonacci retracement are from our 1st resistance at 31216 in line with the horizontal swing high resistance and 50% Fibonacci retracement . Alternatively, price may break 1st resistance and head for 2nd resistance at 31866 where the horizontal swing high resistance and 61.8% Fibonacci retracement is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30 Potential bearish drop | 7th July 2022On the H4, with price expected to reverse off the ichimoku cloud, we have a bearish bias that price will drop to our 1st support at 30422 where the horizontal swing low support and 61.8% Fibonacci retracement are from our 1st resistance at 31216 in line with the horizontal swing high resistance and 50% Fibonacci retracement. Alternatively, price may break 1st resistance and head for 2nd resistance at 31866 where the horizontal swing high resistance and 61.8% Fibonacci retracement is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.