Dow_Jones_Maestro

Dow_Jones_Maestro

Using the high to low prices of the September FOMC, and the range expansion tool to project measured moves, prices have been forming support and resistance levels based on the ONE 8 Hour candle of when that FOMC release was at 2pm on September 18th. High: 42,415 Low: 41,855 33%: 42,230 50%: 42,135 The range expansions are of 0.5 increments. I have...

Dow_Jones_Maestro Updated 

A counter trend sell setup has just triggered for me and I entered in 15 minutes before Friday's close and got filled at 43,544. If you want to take this same setup, you can enter in on Sunday's open at whatever price you may get filled at. The reasoning behind this trade? Daily Timeframe Entry 1. A breakout of the 42,000 support area marked as Structural...

Dow_Jones_Maestro

The September FOMC 8 Hour candle and its 7 different price levels is what determines the support levels. I made an indepth post about ALL FOMC's and how they relate to support and resistances. The 7 prices of this candle are as follows: 1. The high of the candle The high of the candle is being used as a mean reversion and price is trading back and forth around...

Dow_Jones_Maestro

I have noticed that price action has been revolving around each FOMC. The Blue circles are each FOMC Wednesday's The Purple Lines indicate the opening price of that 8 Hour Candle Each FOMC is connected to each other in price. The 8 hour candle on the FOMC is used with all 4 prices: The open The high The low The close Starting with December 2023: It opened...

Dow_Jones_Maestro Updated 

I am anticipating a bounce off of support from the 42,000 area before completing the one full range expansion to 43,725 price level. The last 10 days or so, price has been revolving around the HIGH of FOMC of 42,400 It has found support around the mid point of the Thursday the 19th's 8 hour candle and the high of Tuesday the 17th's high. Between 42,250-42,300...

Dow_Jones_Maestro Updated 

Wait for a pullback into the blue and purple lines and a stop run for the measured move down to the dashed black line for a 220 point trade short.

Dow_Jones_Maestro Updated 

The weekly open in purple is above the stops placed today in this down move. I am going to look for the three pushes into the red line of yesterday's low for the rally back up to the weekly open.

Dow_Jones_Maestro

I will be placing my sell order at the Peak Formation High at 42,845 with a 50 tick stop. I will be targeting the low on Wednesday September 25th at 42,200. Because Dow is in a range consolidation, I will buy the lows near 42,000 and sell the highs near 43,000. I don't know when the trade will trigger but I will leave it there until it triggers with an OCO...

Dow_Jones_Maestro

I have the 50% of the prior range from FOMC as the target for the dump down before the trend continuation. We are no where near a top yet as there is no indication of topping. There are ONLY two possibilities. Either we break out now with this move or it dumps down first and then breaks out. I am leaning on the latter. My goal is to be a master at support and...

Dow_Jones_Maestro

I can see a clearer picture of the price action before me. This is what I now believe to be happening. Price will be going in a sideways range for the next 24 months. To confirm this thesis, I will need to see that stop run low and close back inside. Next, I will need to see price retrace back down and layer into that low but not take it out. One full range...

Dow_Jones_Maestro Updated 

Based on market structure, I am looking for a bullish weekly template with a pullback into support for the continuation of the trend. I am looking for at least a 1 times range expansion of last week's range. Thursday and Friday broke out. Friday closed as a breakout with Longs now in the market. Monday is a buy low continuation and the opening range for the...

Dow_Jones_Maestro

Looking back at April CPI, today is doing exactly what it did April 9th before the CPI. The exact same pattern. Friday, a sell off day Monday, all day of rise Tuesday, a sell off followed by a rally back up CPI, a slow pullback into the previous day's highs, followed by a dump taking out Monday's low

Dow_Jones_Maestro

I am bullish on this CPI and FOMC up to the 43,000 area as the top is not in place yet. How I came to this conclusion: First, take the high and low of Oct low 22' and Jan High 22', mark the 0.5 range expansion. Second, the Oct 23' low bounced off the golden pocket of above range. Third, take the "projected" high of 25' and the low of Jan 22' high breakout...

Dow_Jones_Maestro

Lower Highs and Lower Lows Look for Sell Highs 75 tick stops 220 tick targets + Minimum 3:1 Possible next sell high and lower high is the bottom of Tuesday's Low of 40,850 Friday NFP closed at extreme lows and formed the lower low.

Dow_Jones_Maestro

Over the past month, I have been getting stopped out left and right using the same 50 tick stops I was using in June and July. After 4 weeks of getting beat up, I just realized that it was because my stop losses have been way too small. I was always wondering why I would get stopped out by a few ticks and then the market would go in my favor, without me. I was not...

Dow_Jones_Maestro

If this uptrend is to continue, this higher low that was formed today needs to hold. I don't believe a top is in yet, not until 42,000 area. I believe NFP will be bullish.

Dow_Jones_Maestro

After a rough August, I will proceed to take it slow. I was a bit aggressive and took a lot of unnecessary losses. I still ended the month +2R using my 3.5 to 1 risk to rewards. I will use the 4-hour trend structure and support levels to then go to the 15 minute for entry to buy pullbacks into support. The trend at the moment is Bullish and I will keep playing...

Dow_Jones_Maestro

I was just studying my charts and I just happened to see this pattern jump out at me regarding 2000-2008 that looks so very similar to today. If this pattern is indeed going to play out for a 40% crash then I need to sell all my Long portfolio ASAP. I do not want to get caught in this Compare 2008 below to today Both have a 16 degree rising wedge...