Full Breakdown of My Trading Strategy Dow Futures DaytradingI will be detailing my strategy to both help others and to help myself fine tune my strategy.
My strategy is one of market maker cycles. The end goal: to trade off of the Daily chart by drilling down to the 15 minutes for entries. Everything revolves around the Daily chart. The only indicator I us
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Range Bound July Fade The BreakoutNow that CPI has traded and closed below the monthly open, I am eager to see Wednesday's price action. I believe this is the Low of Month/Mid Month Reversal to trap shorts selling down low. Since the trend is bullish, I want to see buyers step in and pivot away from that low. Trap and shift.
I don
Range Bound Trade Trigger Long Dow FuturesI am Long now at 44,437
120 tick stop
335 tick target
Market gapped down, flushed the lows, tapped the monthly open by a hair and closed back inside. My stop is under the low and under the monthly open. My idea is that is will continue bullish back into the range.
Price is forming a range and mea
CPI Long Off of March's Monthly Open Possible NY SessionIf I can get a small doji formed after CPI at around the orange line (March's Monthly Open) I will enter Long.
Once entered, stop loss is 120 ticks and target the high 325 ticks.
I believe CPI will be whipsawed and range bound until NY opens up swinging
This is the 2 Hour chart for the pattern.
Dow Jones Monthly Range Bound GameplanWith updated information I can see price is in a range. Currently, price is in a bullish phase and I am soon expecting a topping process and a roll over. The daily trend should then switch bearish and take out all of the bull side liquidity. The low of April 21st should also be taken.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The nearest expiration date for E-mini Dow Jones Industrial Average Index Futures (Jun 2024) is Jun 21, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini Dow Jones Industrial Average Index Futures (Jun 2024) before Jun 21, 2024.