Dow_Jones_Maestro

Dow_Jones_Maestro

Anything can happen tomorrow. I am only making this post as a personal skill development of trying to improve my strategy and try to figure out what the market tries to do. I may be completely wrong and I am ok with that. I will react to what the market does in the moment. This is mostly a thought experiment.

Dow_Jones_Maestro Updated 

I will be looking for a couple more green candles to rally into the declining hourly 21ema. I will keep raising up my sell limit order under the body of the highest green candle until a red candle eliminates it. The candle can rally past the 21ema by a bit and is still acceptable, in fact, preferable. This would "close" the gap and hit stops up high. I will be...

Dow_Jones_Maestro Updated 

I am expecting another choppy range week and will buy the lows, sell the highs. Will take it slow this week and try to avoid getting chopped up. I am only going to allow 2-3 trades per day. I am only going to allow 2 losses per day as Max daily loss I am only going to allow 2 winners in a row as Max profit protection I will only do 2:1 on every one of my trades...

Dow_Jones_Maestro Updated 

I put my limit order at 50% of the last 15 minute fat bar. I am waiting for a pullback for a trap shorts. The 200sma on both the 15minute and the 5 minute is flat. My stop is 49 ticks with target at 37864 just before resistance for 162 ticks. About 3.3 to 1

Dow_Jones_Maestro Updated 

I was tinkering around with news ideas and I have come up with this setup that I will try if market sets up with all my rules. I must have these rules in place, Most importantly, a fat CPI green bar followed by an even fatter, Bear engulfment bar. Once these are in place I will place a sell limit order in the middle of the golden pocket of that bear engulfment's...

Dow_Jones_Maestro Updated 

My long term thesis is an 18 month sell off back down to the monthly rising 200sma. My only concern is when is the market going to start. We are bumping up on the yearly up channel. My guess is it might take a couple of months to get going. Short term we have the CPI report in 12 hours. My best speculation is that it will be bullish and choppy to hit the stops up...

Dow_Jones_Maestro Updated 

I don't know if it will play out exactly like August 7th but any small pop above the flat 200sma I must short as required by my strategy. I don't get to pick and choose. Going over prior data I noticed that August looks very similar to what is happening now. I am not saying that is what is going to happen just an observation. Anyway, I am short the Asia open...

Dow_Jones_Maestro Updated 

I am performing my own weekly analysis for the week ahead. I may not be entirely sure what is in store for next week but my strategy calls for shorting into the 200sma whether it pokes its head above or not. I will be mostly short bias but if long, I WILL be closing before it reaches the 200sma. In my eyes I am seeing a range developing with a slight hint of a...

Dow_Jones_Maestro Updated 

I believe we will experience 20 years of sideways chop in an overall up channel, building up for the explosive movement to 200,000. Extrapolating the monthly 200 period moving average, you can see that it is rising and once the move really starts going, it will start pointing up. Of course this whole post is my OWN personal speculation but I am fairly confident...

Dow_Jones_Maestro Updated 

Being in a range, will Thursday go up first to take out stops then go short? OR Will it go down first to take out stops before going Long? I will wait for the outsides and see which scenario happens. Range trading is very difficult for me and I get chopped up. Please like and leave comments if you want. Thank you

Dow_Jones_Maestro Updated 

I am still bullish and so will like for buys on Friday. I am expecting a first red candle and as soon as that red candle's body gets taken out, I will be entering in Long targeting 38125

Dow_Jones_Maestro Updated 

This is what I am anticipating for the next 3 years or so on the DOW'S weekly chart. I am expecting a bullish run up in this bear flag formation to hit the third measured move up to 42,250 before the next sell off down to the covid low demand area of 24,400. This last weekly run up was the second measured move and is still in progress to hit 39,000 based on the...

Dow_Jones_Maestro Updated 

I am basing my analysis on the chart and using trend analysis to determine that it is still bullish. It is not at the top but in the topping process for this second leg of 20%. January 11th is the next major red news of CPI and I believe that will be the catalyst to propel price to its goal of 38,800-39,000 target. Using the last 20% leg up back in October 2022,...

Dow_Jones_Maestro

I am waiting for AAPL to sell off down to 105 before the next major bull run higher up to 250. That is a 145 per share gain. AAPL is inline with my other DOW and SP500 analysis of 1968 pattern

Dow_Jones_Maestro Updated 

Everything is timed and measured. This bullish price action is still within boundaries of a bear flag where, by definition, it is bullish. I believe after the last little push up to 39,000 that it will then pullback down to 35,500 area for the FINAL push up to 42,250. After the third measured move is complete, then the bear flag will have completed itself and the...

Dow_Jones_Maestro Updated 

The daily chart is still showing signs of bullish price action Still above the rising 21ema on the daily chart Flag Pattern pullback to the rising 21. Measured move to the top of the up channel I put a line through 50% the body of that last FAT GREEN BAR as support I will drill down to lower time frames to see if it will hold as the lower time frames 200sma.

Dow_Jones_Maestro Updated 

I am trying to master the art of finding demand for use with daytrading and or very short term swing trading. I am starting to see some patterns that are playing out over and over. I am going to not trade short side for awhile until I can master the Long side first with demand. I am trying too many things at once and need to understand how to be a buyer first.

Dow_Jones_Maestro Updated 

Even though I am still not convinced that this rally is real, I will still participate in it on the next pullback for the next leg up for about 150 points. The all time high is just a skip away. After the last two weeks of sideways consolidation, and the Friday NFP gap up, I believe it will go sideways between 4625-4680 until the end of the week for the next...