Dow_Jones_Maestro

Dow_Jones_Maestro

The infamous "Florida" Trade is possibly setting up and I will monitor it and possibly enter a limit order just under the open. The Florida trade is extreme selling and does not get above the open all day. There is two ways to enter. A limit just under the open and the trend continuation down below. Every Florida trade closes at the extreme low. I don't...

Dow_Jones_Maestro

Going over VIX, every spike has called the bottoms and every bullish engulfing at the bottoms has called the tops Because we now have experienced both a bearish engulfing on the Daily chart on Dow in conjunction with a bullish engulfing on VIX, I believe the top is in. Further evidence is the gap on VIX daily that needs to be filled. Once VIX spikes and...

Dow_Jones_Maestro

The blue bar pattern is the November 2023 chart superimposed on where we are at now in the seasonality cycle. If this is to play out again, then I will expect a brutal chop coming up when it just grinds higher Below is the November 2023 chart This is the chop that I am not looking forward to, I am going to have to be extra cautious

Dow_Jones_Maestro

I was not paying attention to Friday and so missed this entry Long using the close of this pin hammer bar on the 2 Hour. I will set a limit order for that price and hope price can retrace back into it. I may have missed the trade. On my 2 Hour Swing trading strategy, I use 150 tick stops and 525 tick targets set in stone for a 3.5 to 1 risk to reward. Limit...

Dow_Jones_Maestro Updated 

I see a well-defined bull channel, albeit very choppy and rangey. I believe the market will try to build a bigger Long position in this upcoming range before the explosive move higher to 42,000. On the Daily, you can see the support from August 13th's high and August 14th's low. The gap left behind from August 15th will likely get filled once price retraces back...

Dow_Jones_Maestro

Price is still in the trending phase on the 4 hour with the most recent fat engulfing bar being major support. The highs of that candle will be major support. I will be looking for buys all week, everyday. I do not see any pullback happening this week with all this buying strength. The blue line is this week's open price The green line is the support from the...

Dow_Jones_Maestro

After that little fake out above 41,000 and the sell off back to 38,000 on Futures, it made me question the validity of the bull move that I had mapped out. Now I am firmly convinced that what I had planned was what was happening all along. I realized that I can't hold this move with Futures as it is too volatile in my portfolio. 1 MYM Futures = $1100 margin 1...

Dow_Jones_Maestro

I will be looking for a buy low in the yellow demand box from yesterday's demand. Down near 40,500 area for the range day back up to the blue line of today's open. I will be using 50 tick stops and 135 tick targets for a 2.7 to 1 as I have been seeing great success with this setup. I am already up 18% for August so far. I just need $150 more to pass another...

Dow_Jones_Maestro

2024 is shaping up to be a range bound year. I am not going to try to analyze what will happen years from now. I am taking it year by year. The last time we had a Doji candle year was in 2015. It even had the same increased volatility and sell off in August. If I see that little double bottom again, I am going long back up into the top of the range. It seems like...

Dow_Jones_Maestro

Any violence into the 200sma and the subsequent small bounce is 100% shortable after the elimination of the green's body. In this case, 4250. Sell limit order under that body low at 4245 Target the low of the range or 4850 Violence into the 200sma is NOT a buyable event and WILL roll over in a dead cat bounce. All the dashed lines below are pivot lows where...

Dow_Jones_Maestro Updated 

I believe I was wrong on a bull rally but instead the market is performing what I was planning back in September of 2023. A sideways range for the next 20 years. It just took awhile to start to roll over. The June, July and August monthly candles completes the engulfing pattern at the top of the bear flag. I am now short after taking some losses on my Dow...

Dow_Jones_Maestro Updated 

Using the prior range, price has retraced back into the 50% level to mitigate orders. This also aligns with the uptrendline on the weekly. I am expecting August to be an EXTREMELY bullish month with a huge pin bar at the bottom. I believe this is the month that will break out of 42,000. Using the fuel from shorts, I can see 6 points of reference for a squeeze...

Dow_Jones_Maestro Updated 

Following this bullish trend upwards, the upper bounds of the channel lines up with 7500. I am bullish until 7500. I don't know what kind of retracement we will get after that but it will be quickly bought back up. The ultimate price target is 16,000 It seems like a sideways price delivery under 7500 until the breakout possibly 2029. This seems to line up with my...

Dow_Jones_Maestro Updated 

I will be placing my buy order on ES market open Sunday afternoon. The S&P is EXTREMELY bullish and still has over 2000 points of upside potential before the November 2025 dump. My ultimate price target for S&P for 2042 is 16,000 I will be risking 100 points or at 5250 for 2150 points One MES contract if that is all one is able to afford, is $500 risk and...

Dow_Jones_Maestro Updated 

I anticipate next week of July FOMC to be a bullish week to run the highs inside this range. I will be Day trading off of the 15-minute chart using the 4 hours as my structure. I will only be looking for buys. Of course, seeing how this is a range, it could also just as easily sell back down into the bottom of the range. I will see how my support zone holds...

Dow_Jones_Maestro Updated 

Using 1987 as my template on the weekly chart, I am following price up to 49,500 at the 1.25X range expansion where I will place half my order. Then when I see a lower high and engulfment, I will place the other half of my order for the flash crash down to the 50% gold line. I will be using 1200 tick stops with 11,000 tick targets. I am expecting around...

Dow_Jones_Maestro Updated 

This is my plan to turn $20,000 into $2,000,000 over the course of the next 18 years. The margin on 1 YM is $11,000. I will double that for some wiggle room. In this raging bull market up to 150,000, I will be adding at these specific four entries with YM contracts. I will also be sprinkling in here and there micros, MYM as I see fit as they are only $1000...

Dow_Jones_Maestro Updated 

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...