Dow_Jones_Maestro

Dow_Jones_Maestro Updated 

One of my favorite setups that I found through Oliver Velez is called the Violence into 200. It is one of my go to bread and butters when it happens. Below I will explain what to look for and how to play it Step One: Look for space between the 21ema and the 200sma which indicates a contraction back to the mean. The 21ema will be declining. Don't try to buy a...

Dow_Jones_Maestro Updated 

Using the teal line as the mean, every time price moves roughly 650 ticks above the mean, it snaps back. We are pushing off the mean now and I believe will continue bullish up to 40,500 which is roughly 650 ticks above the mean. Monday I expect a bullish continuation higher. After the move is complete, I will be looking for the revert back to the mean. I don't...

Dow_Jones_Maestro

The Hourly Chart's 200sma is the same as the Daily Chart's 21ema Price is mean reverting back and forth between the mean Price is above the Hourly 200sma/ Daily 21ema, Bullish Price does not respect the Hourly 21ema and trades back and forth between it. The Hourly 21ema is the same as the 5 Minute's 200sma The 5 Minute mean reverting back and forth above...

Dow_Jones_Maestro Updated 

Upon further investigation, I have concluded that the current bull trend is similar to the bull trend number 2 from 1942-1965. Both trends are showing a rather flat 43 degrees up movement. A slow and steady trend. It is not as steep as the dot com bull run with its 53 degrees. Bull trend appreciated 970% over the course of 286 months. Using the same criteria...

Dow_Jones_Maestro Updated 

A couple of pieces of information that I think will cause a sell off down to 39,150 A declining Hourly 21ema A gap at 39,150 A rising 200sma that has been poked through last two times Ramped volume from the FOMC 600 ticks seems really excessive for one session. Maybe two sessions. Do I go for the throat and hold for a massive trade or do I take the base hit...

Dow_Jones_Maestro Updated 

The market only moves from narrow to wide states and repeats. Currently, the market is in state 4 out of the 5 states. State 1: Narrow state before the move higher ( Narrow ) State 2: The trending move higher ( Trending ) State 3: The expanded move away from the mean ( Wide ) State 4: The reversion back down to the mean ( Trending ) State...

Dow_Jones_Maestro Updated 

I need to get better at 1. Identifying what state the market is in 2. What number 1-5 in the cycle it is in 3. Avoiding numbers 1,3,5 4. Only trading in cycles 2 and 4 The market only goes between narrow states and wide states My strategy is the 21ema and the 200sma I use the 5 minute, the 15 minute and the 1 hour timeframe for Intra Day Trading I tend...

Dow_Jones_Maestro Updated 

Looking at the week ahead on the hourly chart, the first thing I notice is that the hourly 21ema is now trending down and declining. The hourly 200sma looks to remain flat and a cross is set to happen later in the week. I am looking for a pullback into the declining 21ema, whether it stalls right at it or pops above it by a little bit. I see two spots on the...

Dow_Jones_Maestro Updated 

The 1 hour time frame on the ETH chart is identical to the 15 minute chart on the RTH session chart. I prefer the RTH session chart due to the cleanliness of the price action. 15 Minute RTH 1 Hour ETH

Dow_Jones_Maestro Updated 

I see the start of a down move over the course of the next 6-8 weeks to drift down to the bottom of the range in order to achieve a couple of objectives. 1. Fill the Gap from January 19th 2. Hit all the stops from Longs along the way 3. Hit the 1X range expansion of the High/Low from Feb 23rd- Mar 5th I am bullish over the next decade but right now it looks...

Dow_Jones_Maestro Updated 

I have been getting my behind kicked the last two months due to this range bound market. Something that I just now noticed is that on the hourly, the 21ema (purple line) is the same exact average as the 5 minute's 200sma. They are one and the same. Since price is not respecting the hourly's 21ema, then logically, it will not respect the 5 minute's 200sma and...

Dow_Jones_Maestro Updated 

Just like January 19th how price closed above the 21ema after a couple of down/sideways days, it went on to continue the bull trend. Today did the same thing. Closed above the 21 after a couple of down/sideways days. After placing a trendline at the exact 50% mark of today, I believe price should stay above it and the 21ema IF the bullish trend is to...

Dow_Jones_Maestro

Friday's close has given me clues as to what is likely to happen. Using only the 5 minute chart, I have come up with my gameplan on how to attack Monday. I expect it to be choppy and will wait until a pullback into my strike zone.

Dow_Jones_Maestro Updated 

I see two gaps that need to be filled. Will they get filled? I don't know. I am leaning bullish. I can see the market bumping up against the 200sma one more time before falling down to fill the gap on the bottom. Then a bullish climb higher to fill the gap higher? Or perhaps it doesn't fill the gap on the upside yet on Friday and will wait for Monday or Tuesday?...

Dow_Jones_Maestro

I found an interesting pattern that has happened 3 times so far. A sell off day A gap up and fill A second gap up and fill. Sometimes doesn't fill, just continues bullish First Pattern Second Pattern Third Pattern This could mean nothing but it was something I felt sharing

Dow_Jones_Maestro Updated 

Now that Monday has finished trading, I have a better idea of what is likely to happen. Price is looking like it is in a 2 legged pullback to find the next higher low. Price has been inside of a bear flag since the 27th I will be looking for shorts on Tuesday and Wednesday down into major 1 hour support for a new higher low. My stops are always 30-40 ticks...

Dow_Jones_Maestro Updated 

Doing an analysis on the yearly chart, where every bar formed is 12 months. Each bull run has been in the neighborhood of 1400-2000% gain over the course of 25-33 years. Analyzing the current bull run #4, you can see that we are in year 15 and only up 500%. This tells me that we have 11-18 years left of gains before we hit that magic 1400-2000% gain. The bull...

Dow_Jones_Maestro Updated 

Using the range expansion of the falling wedge from 2022 pullback, the 1.5 and 2 X range expansions are the first targets. The daily 200sma is now trending up and bullish with the daily bars trending on a rising 21ema. Any and all pullbacks should be buyable.