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E-mini Dow Jones ($5) Futures

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YM1! trade ideas

Trade Entry Trigger Long (Limit Order 43,260) 5 to 1 (1000 ticksI am placing an order for 43,260 for the pullback of the bull 180 bar for the reversal back up into those stacked highs for 1000 ticks. I will be placing my stop under the bull 180's wick and under the 0.66 retracement. Around 175-200 ticks. The stacked highs of liquidity lines up with 2x range expansions of the bull 180. Two important take aways with this trade idea 1: Price cannot even pull back and I don't get a fill down there, thereby missing the trade 2: Price can indeed fill me and blow right through my stop. I am ok with risking 1% for a potential 5% gain. If you are comfortable taking this setup then you need to be ok with both 1 and 2 scenarios AND have the conviction to hold to target. Entry: 43,260 Stop: 43,060 Target: 44,270
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
4
CPI Possible Pullback into Support Slowing Down Into SupportIn following the Bull trend, I am looking for a slowing down of momentum into my support level for another little pop up. Monday and Tuesday were counter trend moves in the consolidation and the retracement. This week's template is looking like a standard market maker template based on how Monday and Tuesday traded. Expect Wednesday or Thursday to be the mid-week reversal and go back the other way. Summary: I am not 100% sure if either my support level of 44,025 will hold or the November FOMC purple line will. What I am confident in though is that this is not the top as price action is showing me that it wants to make another move up. Whether it breaks the high or make equal highs, I won't know at the moment until I see more price action. If CPI is to take out the inside pivot high of 44,565 then that will be a 1.20% gain on the day. This is something that is not out of the probability of happening.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Exhaustion Bar M Play Setup Look For No Follow ThroughI am looking for the second leg of the M with a doji to make a second poke at the highs before it sells back down to 44,340. After which it will grind higher back up to the highs but not break them. There are two trade opportunities I can see today. The sell off the exhaustion high and the Long back up off support. Both 3 to 1s. The first 15 minute bar of the day is a text book exhaustion bar. Now to confirm it, it must have little to no follow through followed by a doji or engulfment.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
6
Weekly Forex Forecast Nov. 11th: BUY S&P500, NASDAQ, & DOW!This is the Weekly Forex Forecast for Nov 11th. The Big 3 Indexes are strong, trading at ATHs. There is no reason to look for anything other than buys this week. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
2
Dow Jones Weekly Support/Resistance LevelsDon't get FOMO based on the election rally as that is what it was intended to do. All of 2024 has been building ramped volume for a stop hunt back to 39,000. Real support is at 38,000-39,000. I don't know how long it will take to get back down there as the market is still in the up phase and the top hasn't formed yet. A major clue for me is that the biggest candle of the entire year just so happens to be at the all time highs. This is a signal for an exhaustion candle. This is not a sign for an igniting candle. An exhaustion candle is designed to get people to chase higher due to FOMO. Once everyone that is a buyer is in, the market starts to tumble.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
7
YM! has recently shown a strong uptrend1. Technical Analysis Price Trend: From the first chart, we can observe that YM! prices have been steadily increasing since early 2024, recently breaking above the 44,000-point level, indicating strong upward momentum. The trendline marked in the chart also shows that prices are rising steadily, with a recent pullback followed by a rebound. Support and Resistance: The key support level for YM! is around 40,182 points, which is the recent low during pullbacks. If prices fall to this level, strong support is expected. On the upside, resistance may be encountered around 45,000 points, which is a psychological barrier. Volume: Trading volume shows steady support for the price increase, indicating that the market has confidence in this upward trend. 2. Seasonal Analysis In the seasonal data at the bottom of the chart, we can see average performance for different months of each year. Based on historical data, October, November, and December are typically strong months for YM!. For example: November: In recent years, November has seen an average increase of 4.21%, indicating that it is usually a strong month. December: December has an average increase of 0.70%, which is relatively smaller but still positive. 3. Short-Term Trend The second chart shows the weekly price trend from early 2023 to early 2024. It can be seen that since January 2023, YM! prices have been steadily rising, reaching a peak in February before slightly pulling back and then continuing to climb. This trend suggests positive market sentiment and indicates further potential upside. Conclusion: YM! has shown strong momentum recently, with both technical indicators and seasonal data supporting further bullish movement. However, potential risks of pullbacks should be noted, especially as prices approach the resistance level around 45,000 points. If prices fall below the support level at 40,182 points, it may be necessary to reassess market conditions.
CBOT_MINI:YM1!Long
by curtischangTW
Chart Idea - Bearish Setup on YM1!E-Mini Dow Jones had been making a bearish divergence on daily TF since July 2024. We also have been seeing it in an upward trend since Aug of this year. It finally it breaking today. It seems that the daily candle will close below the trend line today. If it does, we can look at the beautiful short setup on the retracement. Entry - 42950-43000 SL - 43600 TP1 - 42000 TP2 - 41000 We hardly see these kind of clean setups. There is a high probabilty that it will play out before elections in November. Not a financial advice !!
CBOT_MINI:YM1!Short
by smwajeeh
Evidence That Dow Jones Moves Based On FOMC ReleasesI can clearly see the support and resistance levels are formed STRICTLY based on the 8 hour chart and the FOMC releases. Just the September FOMC release alone accounted for the support and resistance levels for up to 3 months. Every 1/2 range expansion of the FOMC high/low represents a nice level to trade off of. These levels were planned out ahead of time. Take a good look at the below screenshot of just ONE 8-hour candle for FOMC dictated the entire support and resistance levels, way ahead of time. This entire Trump rally was planned ahead of time using September's FOMC levels.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Parabolic Trading Ambush Style (Mindset Reprogramming)I have come to the conclusion that every month, there are 5-8 easy, clean, parabolic movements that offer extreme risk to reward with very little drawdown and they don't come back. If I can only trade just these trades and forego the rest. Why trade anything else? And of course, the grand daddy of them all. If I can only just make ONE trade for the entire month, it would be this one. Imagine placing one trade the entire month and making better returns than most. Like an ambush predator that patiently sits there and waits for its prey, just this one trade in the entire month can make you significantly more than 50/50 piker trades where you get chopped up and get emotionally frustrated.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
3
Dow Jones Futures November GameplanWhat I see is that the market is still in a bearish correction phase. I was wrong about it trying to bounce off of the September FOMC High. November 1st is Non Farm Payrolls November 5th is Election Day November 7th is FOMC. This is the most important day of the month. November 13th is CPI November 28th is Thanksgiving I am really curious as to where price will be on November 7th on FOMC. I won't really know until I see that candle. To me, what is happening is countertrend bearish into support. Trying to form a bottom at 41,300 and then bounce off of that support. I am curious to see if price will get within a hair of the July FOMC purple line but NOT break it. I bet that this price is defended and will not get touched. Using range expansion of the top, I have it in 0.5 increments. Price is still in a downtrend. It was forming a consolidation between 0.5 and 1.0 before the next leg of the downtrend fell through. It is now currently in-between 1.5 and 2.0. Price seems to be forming resistance levels at the half levels and support levels at the whole levels. 2.5 times range expansions are the Dow's favorite to hit before reversing. I am expecting price to hit the green line and NOT BREACH the purple FOMC level from July.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
3