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DJIA1! trade ideas

Best Trade Setup Low Of Day Parabolic Trend Squeeze Backtesting I will be going over this repeatable setup on the 15 minute chart and my goal is to master every little nuance of this setup. This setup offers at least 4-8 times your risk on the day trade. I have noticed that there are 3 variations of this setup depending on how Asia and London set it up. A quick run down of the tools I use Highlighter blue: Where the greatest entry would be for little to no drawdown after the market has been set up Range expansion: The high to low of the rectangle box to project upwards potential profit targets of 1.5-2.5 times that box Cyan Line: The day's current open price Green Line: The Low of Day heading into the NY session window I am making this post to help others and for me to reference often to better understand this setup that I want to master. Like Mcdonald's I need a repeatable product that is cookie cutter that I can reliably profit off of. I have noticed that this happens 4-5 times per month and up to 8 times some months. 4-5 times a month is a 20-25% occurrence rate based on 20 standard trading days in said month.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Elliott Wave Analysis: Dow Futures (YM) Resumes Bullish TrendShort Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed 1 at 40213 high, 2 at 38111 low as dip pullback and 3 at 41672 high. It ended 4 as clear 3 swing zigzag pullback at 40053 low and favors upside in 5, which confirms above 41672 high to avoid any double correction, if breaks below 40053 low. Within 4 correction, it placed ((a)) at 40466 low, ((b)) at 40795 high and ((c)) at 40053 low, which missed the equal leg areas in 4 before resume higher. Above 4 low, it placed ((i)) of 5 at 41051 high and favors corrective pullback in ((ii)), which should remain above 40053 low to extend higher in ((iii)). Within ((i)), it placed (i) at 40685 high, (ii) at 40158 low, (iii) at 41029 high, (iv) at 40863 low and finally (v) at 41051 high as ((i)). It placed (a) of ((ii)) at 40606 low and favors bounce in (b) before turning lower in (c) to finish ((ii)). As long as it stays above 40053 low, it should resume higher in 5 and can extend towards 42052 – 42671 area to finish the impulse started from April-2024 low before correcting lower. Alternatively, if it breaks below 40053 low, it can do double correction towards 39432 or lower levels before it should turn higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
YM Day Trade and Swing Trade (Setup Range Sell Continuation)For my Monday gameplan: Downtrend continuation from the Range High to the Range Bottom Pullback Somewhere in the 50% level Take out the low from Friday and the 5 bottom liquidity from last Monday- Tuesday Hit the mid point of the bottom of the range and close the gap from last Monday Daytrade: 50 tick stop 200 tick target 4:1 Not looking for anything massive, just 150-200 ticks. My daytrades are base hits Swing Trade: On my other swing trading account, I will take the same trade idea and hold it for a couple days, using a bigger stop and bigger target 150 tick stop 800 tick target 8.33:1 Target possibly hit if trade works, Tuesday
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro
Dow Jones Futures Daytrading Setup Continuation Long 41,750I am looking for a pullback Long for the continuation up to 41,750 which is around the 2X range expansion. A somewhat of a repeat of yesterday. A dip below the open followed by Long at the NY open. I will have to see how price is behaving towards the NY open. My stops are always 50 ticks and my targets are 150 ticks. 3 to 1 Using my wealth trade, price is now in breakout mode on the weekly and will be ripping higher to 49,000. I will only be looking for Longs for the next 12 months.
CBOT_MINI:MYM1!Long
by Dow_Jones_Maestro
Dow Jones Transitioning Into Range August CPI BreakoutDow Jones has now transitioned into a range. I will be changing my plays to range bound plays. My thesis is it will spend 4 weeks going sideways before the August CPI report will breakout Long up to 42,000 and then up to 49,000. I will look for sells in the red upper box and buys in green lower box. I will use the quarter dotted lines as price targets and possible bounces off of. I will be looking for runs of highs and lows for liquidity sweeps. Each 25% level of this range is roughly 350 ticks. The entire high to low of this range is roughly 1400 ticks Here is a rough idea of how I plan to daytrade this range. Looking to target swing highs and lows for sweeps Looking to target each 25% level for profit targets Entry Model: 15 minute chart 4 Hour Structure Weekly Trend 50 tick Stops 150 tick Targets 3:1 risk to reward 40-45% win rate Only 2 losses per trading day
CBOT_MINI:YM1!
by Dow_Jones_Maestro
Dow Jones Wealth Building Trades 1987 2.0 Long 49,000I have fine tuned my add strategy on this trade that I have been in for almost a month now. I am trading off of the weekly chart. My original entry was June 30th at 39,520 I added again July 16th at 41,268 I plan on adding three more times, using the profits from the other two positions to fund these new positions. Add 2: 42,500 area Add 3: 44,000 area Add 4: 45,200 area I will bail out and close all positions by 48,500-49,000 area What I don't get is why the market is setting up another 1987 style flash crash around August 2025? Nearly EVERYTHING is identical to 1987 setup that this is what I am basing my trade off of. Compare the two charts below and let me know. One from today and one from 1987 1987 2025 I am not sure what to do about that massive shorting opportunity coming up, if I want to just YOLO 10% of my portfolio on it. I feel ok with taking a 10% hit if it doesn't pan out. Or, do I just sit on cash and wait and see. I will have to wait until price starts to unfold later.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Wealth Building Trade Update (Long until 49,000) 25% Spike Down Just providing an update on the status of the market. Now that 40,000 is broken out of, it is on the march towards 50,000 or the 1.25X range expansion. After which the market will make a 25% spike down into the 0.50 level of 37,000 before continuing on the grind to 150,000. This is all my own personal speculation of course but this is how I am trading the market. That spike down lines up perfectly with the 0.50 level AND that long term bull trendline. It also makes a higher low above November's 33,000 low. This will allow the 49,500 high to be fuel as a weak high to be broken. Once 50,000 is broken, then the market will start to grind higher up to 150,000 and eventually accelerating towards the end. The covid spike down was 36%. The June 2025 spike down will only be 25%, enough to shake off higher level longs before the march higher. I will out before that level.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
2
Elliott Wave Suggests Right Side in Dow Futures (YM) Firmly BullDow Futures (YM) shows incomplete Elliott Wave bullish sequence from 4.19.2024 low favoring further upside. Rally from 4.19.2024 low is unfolding as a 5 waves impulse. Up from there, wave 1 ended at 40213 and pullback in wave 2 ended at 38111. Wave 3 higher is now in progress with internal subdivision as another impulse. Up from wave 2, wave (i) ended at 39174 and pullback in wave (ii) ended at 38436. Wave (iii) higher ended at 39999 and pullback in wave (iv) ended at 39488. Last leg wave (v) ended at 40006 where it also completed wave ((i)) in higher degree. Pullback in wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 39595 and wave (b) ended at 39730. Wave (c) lower ended at 39448 which completed wave ((ii)) in higher degree. The Index has extended higher in wave ((iii)). Up from wave ((ii)), wave i ended at 40200 and dips in wave ii ended at 40014. Wave iii higher ended at 40572 and pullback in wave iv ended at 40279. Near term, expect wave v of (i) to complete soon, then it should pullback in wave (ii) to correct cycle from 7.9.2024 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 39448 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
CBOT_MINI:YM1!
by Elliottwave-Forecast
Strategic Insights: Trading the Dow Jones US30 Amidst Historica**Volatility** With the Dow Jones US30 index currently sitting at all-time highs, traders are closely monitoring potential movements and preparing strategies to navigate the market's next steps. The trend remains bullish, but the formation of a new demand area around the 40,150 mark introduces intriguing possibilities for both long and short positions. ***Key Observations:*** **Current Trend:** The Dow Jones US30 has been on an upward trajectory, reaching historical peaks. This persistent bullish trend reflects market optimism and strong economic indicators. **Critical Demand Area:** A significant demand zone has emerged around the 39,950 level. This area could serve as a crucial support level, offering potential buying opportunities if the price remains above it. **Trading Strategy:** **Long Positions:** Consider entering long trades above the 39,950 demand area to capitalize on continued upward momentum. This strategy aligns with the prevailing trend and leverages the support from the demand zone. **Short Positions:** Conversely, if the price falls below the 39,950 level, it could signal a potential bearish reversal. Entering short positions below this threshold may allow traders to benefit from a possible correction or downtrend. **Liquidity Considerations:** As the price reaches new highs, liquidity dynamics become crucial. The market might experience significant volatility as traders take profits or as new participants enter the fray. A sharp reaction at these levels could trigger a substantial price drop, amplifying the importance of monitoring liquidity flows. **Upcoming Event - Jerome Powell's Speech:** Federal Reserve Chairman Jerome Powell is scheduled to speak on July 15, 2024, at 12 PM noon. Powell’s remarks could provide critical insights into the Fed's economic outlook and monetary policy stance, influencing market sentiment and potentially triggering significant price movements. *Conclusion:** In summary, the Dow Jones US30 presents a promising yet cautious landscape for traders. The all-time highs and newly formed demand area around 39,950 offer a balanced approach for both long and short trades. The market's reaction to upcoming events, particularly Powell's speech, will be pivotal in shaping future trends. Traders should remain vigilant, adapt to emerging developments, and employ disciplined risk management strategies to navigate the evolving market conditions.
CBOT_MINI:YM1!Long
by MOTIONCAPITALTRADING
Dow Jones Futures Daily Pullback Buy SetUp Wealth Building TradeI will be placing a buy order as soon as Sunday Opens for a pullback on the daily chart. I will be placing my stop loss UNDER 2024's open price marked as the fat Cyan line as I don't believe price will return down there. I will be going for the throat on this trade and will be adding all the way up to 48,500 as my target. I will be disregarding my prior posts as I now see this is the actual price action. Very strong and getting ready to breakout to new all time highs again. I will try to explain what it is I am seeing as best as I can. Price has been staying up above the top third AND has been bouncing off 2024's open price with higher highs. Any time price stays above the top third, this indicates extreme strength and continuation of higher prices. I will be risking 400-500 ticks below 2024's open price depending on how I get filled Sunday afternoon and will be targeting 49,000 area for 9,500 ticks. I will add on the way up to get as much out of this as I can so that I can buy more when it gets back down to 38,000 again for the next move up to 150,000
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
5