YM1! trade ideas
US30USD YM1! DOW 2022 FEB 14 Week
US30USD YM1! DOW 2022 FEB 14 Week
Last week, H4 chart showed price advancing on narrow
spread is a classic long trap. 10 and 11 Feb's short due
to this weakness worked well.
Preference is to wait for the price reaction at 34697.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35714 35311
34697 33734 33383
32737 32036
Weekly: Average volume upthrust bar closing near low
= weakness
Daily: Average volume down bar closing off low showed
some demand is present.
H4: Very high volume down bar closed higher than
previous bar = strength
Remember to like and follow if you find this useful.
Have a profitable week ahead.
E-MINI DOW JONES ($5) FUTURESThe arrow moves nicely, and it has a very strong point of resistance that is respected by Adam, who hacks it up strongly, and the opposite is true.
DJIA1! - Dow Screams Trouble AheadWhat we see here is a red pitchfork, catching price at the center and the upper extreme.
After the drop, we see the sharp run-up.
Price got rejected exactly at the confluence point by the U-MLH (Upper-Medianline-Parallel).
Tomorrow is friday and - this is a weekly chart. If pirce is closing down that much, it screams "Trouble Ahead" for the Stock Market.
Target?
The Centerline for the first portion of the position and then the L-MLH for the second portion.
Dow Jones: The Second Time Around 🎤“ Love is lovelier the second time around… ”, so they say in the Oscar-nominated song “The Second Time Around”. First performed by Bing Crosby in the 1960 musical-movie “High Time”, the song became even more popular when Frank Sinatra added it to his repertoire one year later.
The song’s message might also ring true for Dow Jones as the index tries to climb above the resistance line at 35521 points for the second time. We expect it to make it above this mark soon and to thus affirm further upwards movement. The index should then rise farther, even above 36446 points.
However, as long as Dow Jones has not managed to conquer the resistance at 35521 points, we must not disregard our secondary scenario. There is a 40% chance that the index could fall below 33532 points and head for the bottom of the orange zone between 33518 and 32614 points.
Update 2 :dont pick sell on dow it can go 38400 (fibo 161%)see dax 4hour chart FDAX1!
dow has powerfull buy now as i predict 3 days ago , so looking for buy in 15min chart deep with sl = day low
if you have sell , you must close all now
if you have buy , be patient 7 day
good luck
The Anatomy Of The Perfect Short Signal | YM Extreme TurnThe Dow Jones Futures Contract (YM) produced the perfect sell signal today, a one bar (30m) Extreme Turn condition.
Be sure to watch the Related Ideas post called How, When, & Where To Catch A Falling Knife Using RSI for the context, theory, and indicator logic, behind the sell signal covered in this video.
Note: The hand mouse-over cursor got a little wonky and is not positioned on the chart where I was actually recording. It's close, but still a bit off. Acceptable enough, but thought worth mentioning.
Stay Green & Trade Like You Mean It!
YM to the dance floor, please!Hello traders!
Here is my outlook for the overnight and cash session for Tuesday, February 8, 2022! My overall price direction is Neutral . Price continues to dance around chopping the heads off of twitchy traders who act all FOMO. For me, YM offers the least risk in the overnight session. I am going to set up a set it and forget it trade and hope for the best while I sleep
YM Long - Pullback to below and enter on the recross of 34860 with a stop below 34740 and ultimate target of 35075. Price could extend to 35190 without having to create a new high and stays well within the weekly fib range
YM Short Fade - Let price peek above 35190 and fade on the way back down. (Be careful here, as I see a lot of room to the upside around 35433 and we are trading above the daily 200SMA)
YM Short Breakout - If price decides to come unhinged overnight, a short could be possible from 34825 down to 34754 and 34681. A stop would need to be set greater 34960
There is overlap to where I would short versus where I would go long, so please make sure you use caution and your own judgment to enter trades.
I will not be setting up trades in ES or NQ, however here are the levels I would be looking at for long and short. Set stops at 2.5 ATR to account for volatility and remember to position size accordingly and use Micro contracts
ES Long - Pullback to 4462
ES Short Fade - Peek above and short at 4504
ES Short Breakout - Below 4447 (Breakout to me means the directional bias has changed. While there could be a short opportunity above this level, I am looking for confirmation, FIRST)
NQ Long - Pullback below and wait for recross of 14479
NQ Short Fade - Somewhere between 14721-14738
NQ Short Breakout 14400 (Breakout to me means the directional bias has changed. While there could be a short opportunity above this level, I am looking for confirmation, FIRST)
On a side note, I always think to myself "wow that entry seems so far away" and yet I am amazed at how often we retrace back to the entry level. Don't follow your heart, follow the chart! While there will always be trading opportunities in both directions, I continue to build my trading strategy around daily and weekly pivot levels in relationship to EMA and SMA values. I rely on market internal data such as Advance/Decline, Tick and Put/Call ratios to help time my directional entry.
Happy Trading
YM1-DIA- DOW Jones Outlook I've highlighted the important zones to the upside (supply zone) and downside (demand zone). Overall I'm expecting a bit more downside (1 to 2% max) drop before earnings and Fed kicking back markets up for a week or two. Mid February . Once Markets go up to 100 ema, i will continue the LONG TERM view shorting. Expecting a 20% drop overall on all equities.
2 place we must buy dow and hold until 37000above green arrow 2 time we must pick buy (low size) with SL in low 33000 wait time =10 day
and
buystop on high is good idea with trailstop=80
(25% possible ,need big bad news) break low can crash dow to new low around 30.000 so above low until 37000 we must looking for buy and dont pick sell (near 37000 low size sell posible)
net order by big banks on dow futures (until 1 week ago)
prnt.sc
US30USD YM1! DOW 2022 FEB 07 Week
US30USD YM1! DOW 2022 FEB 07 Week
Test of breakout at 34697.
If 34697 is supported, will look for long opportunity / long
on retracement.
The indecisiveness presented on weekly/daily bar may
result in a whipsaw market. Trade with care.
Price reaction levels
Short on Test and Reject | Long on Test and Accept
36446 35518 35206
34697 33734 33383
32737 32036
Weekly: Average volume up bar closing in middle = Indecisive
Daily: Average volume up bar closing on middle = indecisive
H4: Average volume Upthrust bar closing at low = weakness.
Remember to like and follow if you find this useful.
Have a profitable week ahead.
buy pinbar on dow comes , Dont fear buy dow ,and hold 7 day buy low size ok? SL = today low TP=36400 trailstop=80 point (after SL move to open price ,disable trailstop always)
on Daily chart if today candel close in PINBAR , next week dow can fly up
advice= above EMA200 daily (big orange line) on dow always looking for buy , Never Never pick sell , dow love buy and go up
wish you win
Dow Jones Pivotal 36k TeatIn this update we review the recent price action in the Dow Jones (futures contract) and identify the next high probability trading opportunity and price objective to target.
DOW looking pretty bad we might see it at $30,500.Dow Jones Is doing very bad. We could see a very bad crash if the candles break out of the trading range and break the S1 support.
According to my technicale analysis of The DOW Futures , we can see that the #DOWJONES market is in a trading range, and it's approaching a very important Candle. Stay tuned, we note that we might goning to see a down trend in the next few weeks!
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