Dow_Jones_Maestro

Dow_Jones_Maestro

Dow 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...

Dow_Jones_Maestro Updated 

I 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:...

Dow_Jones_Maestro Updated 

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...

Dow_Jones_Maestro Updated 

I 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...

Dow_Jones_Maestro Updated 

I am long right now with my fill at 40,012. Now that we have broken out, CPI will continue the momentum and I am targeting the next area of liquidity at 40,280. I am using a 50 tick stop and my target is 40,279 for a 5.34 to 1. I plan on holding through the news because I don't believe price will return any lower and if it does, then I am out and I will regroup.

Dow_Jones_Maestro Updated 

I will be looking for a pullback to the day's open price before the continuation Long. If price can stay above the cyan line and bounce off of it, that will be my entry. I am thinking around 30-45 minutes after the NY open

Dow_Jones_Maestro Updated 

I am expecting a spike down at NFP into the range yellow box. I don't know how deep into the box it will go and so I am forced to use a bigger stop to compensate as IF this play is to work then price cannot go below the yellow box. After the spike down, the trade should immediately be in profit for the explosive short squeeze 450 ticks higher to take out 39,850....

Dow_Jones_Maestro Updated 

I am looking for a continuation Long going into the double top at price target 39,844 I don't know where price will stop at during the pullback, either between the top third or the top half. I will target 39,830 to be conservative and get out before it reverses. I don't know where the top will be. Tomorrow will be the day before the 4th and so it also could...

Dow_Jones_Maestro Updated 

I will be using the low hanging fruit setup to target the bottom of the 4 hour channel, the purple price line of June's Open and the 50% area of the green range. Entry: 39,416 Stop: 50 ticks 39,466 Target: 125 ticks 39,291 2.5 to 1 Day trade

Dow_Jones_Maestro

First off, I want to start off by saying that this is all pure speculation and something that I noticed earlier today. The pattern leading up to the 1987 crash looks almost identical to the pattern setting up today on the weekly chart. Huge spike higher. Consolidating at the top 33% of the move. Breakout of the highs and ripped higher to the 1.25X range...

Dow_Jones_Maestro Updated 

Now that June has printed, I am looking ahead for my gameplan on July. Still inside of the 4 hour Bear Flag, I am still bullish on price up until the yellow supply zone box. I am expecting a third hit to the top of the bear flag channel's top. The Green box is massive support and I am expecting the last two pivot highs to be taken out on the march higher. IF,...

Dow_Jones_Maestro Updated 

This week is shaping up to be a doji candle that is revolving around the Week's Open price of 39,589. I believe Friday will continue to be a range type of day that will go lower first then start to trade above Friday's open and another explosive short squeeze up to 39,705 before trading back down and closing near the week's open. I will be looking for a...

Dow_Jones_Maestro Updated 

This will be my next trade setup. I will forego doing anymore buying inside of this bear flag. I have set my sell limit order at where I think is a good spot. Inside of the golden pocket of the weekly engulfing candle. Feel free to enter in this same trade, of course using your own money management. My limit sell Entry: 40,117 Stop: 40,302 185...

Dow_Jones_Maestro Updated 

I just went Long using the 4 hour after the bear pin hammer's body was closed above by the next 4 hour bar, followed by this current 4 hour bar that is creeping higher. My target is the Buy to sell red line at the top of this Bear Flag. I believe prices will continue higher in the short term. I am looking for 400 ticks. My entry is 39,874 Stop is 39,794 ...

Dow_Jones_Maestro

I ended up cancelling my sell orders at 40,056 due to more analysis. I believe price will shoot past that level and head up into the red sell zone at the top of the bear flag. Exactly where? I don't know. I will keep waiting for this pullback to continue. Ultimately, I am looking for another counter trend sell down into the grey box area before the next move...

Dow_Jones_Maestro Updated 

My last trade was a loss due to me selling in the middle of the range. Part of trading. On the 4 hour, I have drawn my range better using the orange Buy to Sell box as the top of the range and the May 30th as the bottom. I have marked the green and red dotted lines as stop loss liquidity targets Currently price is in a bullish impulse move higher I will take...

Dow_Jones_Maestro Updated 

I have entered in short at 39,281 in the anticipation back down to the rising green trendline and the weekly open price as a counter trend trade. I placed a 50 tick stop at 39,331 My target is 250 ticks at 39,031 for 5 to 1 Now to let the trade unfold. If it works great, if not who cares. Part of trading.

Dow_Jones_Maestro Updated 

Setting up my key levels for the current weekly template I will be expecting a range week as it is inside of a bear flag. Two levels that jump out at me are Last Week's Low and the middle of the range line at the bottom yellow box. I will be using those as targets. I think the 12's CPI was the last lower high and this week will make another lower high and new...