#DowJones #US30 Weekly Wrap Up & Friday Levels In PlayIn this update we review the recent price action in the emini DowJones futures and identify Friday levels in play
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
YM1! trade ideas
Trade Reversals Successfully - Key Price Action to look forIn the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but also very difficult.
I like to stick to a few key points when looking for reversals, and they are :-
- Trade off an extension into a key level
- Trade off a higher low (for buys) or lower high (for sells)
- M pattern for entry confirmation or a minor lower high
In the video I explain the reasoning and how risk is managed.
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Dow Jones Formed A Leading Diagonal?Dow Jones Industrial sector is the strongest this week and we can see sharp and impulsive intraday stabilization that can cause a bigger recovery in upcoming weeks, but ideally only within a higher degree A-B-C corrective rally in wave B after we spotted a larger leading diagonal from the highs into wave A. So, we will still have to be aware of another sell-off on stocks, but maybe later, at the end of 2023 or beginning of 2024.
#DowJones #US30 Action Areas For The Trading Week AheadIN this update we review the recent price action in the emini DowJones futures contract and identify potential action areas for the trading week ahead
Opening Range Breakout on the DOW4 hour chart is in a downtrend
1 hour chart sideways / down
CCI is below -100
15 minute supply zone inside of the opening range.
Follow the TrendCloud process in the free trade plan.
Over $3000 in profits from the last 4 trades.
#DowJones #US30 Weekly Wrap Up & Friday Levels In PlayIn this update we review the recent price action in the emini DowJones and identify levels in play for Friday's session
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Live Trades and Price Action setups explainedIn the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan.
Feel free to join in our live trading room....link in the signature below.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
#DowJones #US30 Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJone futures and identify action areas for the week ahead
PAST PERFORMANCE NOT INDICATIVE OF A FUTURE RESULTS
Example of Winning Price Action from a Live Trading SessionPrepping a market and having a defined directional bias coming into a trading session, is the key for a winning day.
In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short.
I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price Action setup gave me all the confirmation that I needed.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
#DOWJONES #US30 Weekly Wrap Up & Friday Levels In PlayIn this update we review the recent price action in the emini DowJones futures and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Dow daily = I see mini crash to 30000 areawe have sell pinbar on row daily chart
2 scenario possible =70% mini crash in next 90 day or 30% break up trendline and start new up trend
advice don't pick buy before green line break
wish you stable profits
Analysis of the psychology and Price Action of a momentum moveIn this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room.
I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the action...this gives us the biggest payouts.
Intraday Trading is a process of doing the analysis, reviews and having confidence in your read when LIVE trading.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
E-mini DOW ($5) Futures LONGLooking for Bulls to re-claim their territory at 33655 will be holding this as a potential swing to 34225 for 560+pts this is a 10:1 Reward/Risk opportunity and as long as Fed Chair doesn't say something to screw up the markets we should remain bullish from here...
Dow Futures (YM) Pullback May Find SupportShort Term Elliott Wave in Dow Futures (YM) suggests the decline from 7.27.2023 high has ended with wave (W) at 33014. The Index is now correcting that cycle in wave (X) with internal subdivision as a double three Elliott Wave structure. Up from wave (W), wave (i) ended at 33410 and pullback in wave (ii) ended at 33032. Index then resumed higher again in wave (iii). Up from wave (ii), wave i ended at 33756 and wave ii dips ended at 33298. Index resumes higher again in wave iii towards 34092 and pullback in wave iv ended at 33799. Final leg higher wave v ended at 34153 which completed wave (iii). Pullback in wave (iv) ended at 33617.
Index resumed higher in wave (v) as a diagonal. Up from wave (iv), wave i ended at 34123 and wave ii ended at 33707. Wave iii higher ended at 34254 and pullback in wave iv ended at 33966. Final leg wave v ended at 34305 which completed wave (v) of ((a)). Index is now doing a wave ((b)) pullback to correct the cycle from 10.4.2023 low in 3, 7, or 11 swing. Down from wave ((a)), wave (w) ended at 33738. Expect rally in wave (x) to fail in 3, 7, or 11 swing for another leg lower in wave (y) to complete wave ((b)). Near term, as far as pivot at 33014 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
How to find Key Price Action zones for Daytrading successPrepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process.
We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is targeting, will set us up for the higher probability trades.
I discuss a few key concepts for Intraday trading and how I identify the important zones. I show some trade examples and high probability trade zones.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
Head & Shoulders Bottom in Dow Jones Futures?Dow Jones index futures has completed head & shoulders bottom formation and is exhibiting a breakout from the resistance zone on the 4h time frame. If the breakout is successful, we can expect the price to hit the previous support/resistance zone of 34800.
#DowJones #US30 Action Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify action areas for the week ahead
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
YM1! evening updateLooking for regular flat to be near complete, two more impulse waves down to get price below 32254 and complete expanded flat B wave. Count invalid if price breaks above 34382 and 34637.
ES1!/YM1! morning analysisComparing ES1! and YM1!, I'd like to see one more move down for each to complete their corrective structures. I would look to long once YM1! breaks below 32254. I would like to see ES1! get below 4173.
#DowJones #US30 Actions Areas For The Week AheadIn this update we review the recent price action in the emini DowJones futures contract and identify potential action areas for the week ahead
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Be ReadyWe cannot trust the last 2 green candles, strong resistance around 33820 area. This upside movementum is just a correction of the drop that we saw from 35560 area. Good chances that tomorrow it will open with gap down and continue to slide down. Of if it opens with a positive sentiments that it will again hit the road block at 33820 zone. For now the index is not in bulls territory dont be fooled by green days its just dead cat bounce.
Next week more news is coming out from the fed so fasten your seat belts for some action.
Hit like & follow guys ;)
YM1! evening updateI am looking for bottom of expanded flat (green ellipse) to complete below 32254 but above 29790.
After bottom prints, I'm looking for an impulse C wave back towards ATH, to complete the zigzag from October 2022 low.
