I explain in the video but ultimately I've only done 2 ES trades over the last 2 months, and avoided two false trading signals. The trading signals were not supported by multiple timeframe trends nor did I feel the economic data around them supported them either. You can watch the video if you want the feedback overall. Ultimately, there is a GC trade forming...
So, as stated in the video, the shorter term timeframes of 30m/1hr/2hr have opened up to lower movements, while the 3hr/4hr/6hr have been violated and would call for a movement back up, but haven't shown that potential movement yet. We are still in a short term Bullish Zone in accordance with my moving momentum algorithm, but we are very close to hitting below...
So trends that called for upward movement confirmed this upward movement last week. I had mentioned in my last video that the candlestick pattern for May 1st was extremely bullish, the following two days confirmed that movement in my opinion and given that trends called for upward movement, we crossed above the zero line on MACD Momentum into a bullish zone, and...
Trends are mostly in an upward movement stage, looking to remove the violation left of the 12hr / Daily lower high trend indicators. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5086 Uptrend (5/2/2024) Higher High 1Hr - 5117 Uptrend (5/1/2024) Higher High 2Hr - 5117 Uptrend (5/1/2024) Lower High 3Hr - 5157 Uptrend (5/3/2024) Higher...
The video explains it all a lot better, but basically, we are sitting with higher highs and lower lows on the trend timeframes that brought us here (30m-4hr), otherwise known as the Pac-Man symbol. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5083 Uptrend (4/25/2024) Higher High 1Hr - 5083 Uptrend (4/25/2024) Higher High 2Hr - 5131...
So again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days. I go into it in the video, but major Earnings are next week, and...
Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 5111 Uptrend (4/17/2024) Lower High 1Hr - 5220 Downtrend (4/12/2024) Lower Low 2Hr - 5203 Downtrend (4/12/2024) Lower Low 3Hr - 5197 Downtrend (4/4/2024) Lower Low 4Hr - 5197 Downtrend (4/4/2024) Lower Low 6Hr - 5250 Downtrend (4/2/2024) Higher Low 12Hr - 5204 Downtrend (4/4/2024) Higher...
Job data this morning caused a movement exactly as I anticipated and discussed yesterday. The move lower I suspected came yesterday as I anticipated, so now I'm just looking to see if we can move below this 5204 12hr support line. To date, the 12hr has been the major support level to stop any movement down since November which is why we have not seen a Daily trend...
Longer video but hopefully it clarifies my position in the market. I do NOT have a short position yet, but I am looking for one at this point. I might wait until either the close of the day depending on where we are OR take a short position if the overall day goes negative. Trends into today; Last Macro Trend Signal Spots (ES Contract) 30m - 5724 Uptrend...
So, just thought I would check in overall after I had several messages asking me what I was up to recently since I have not posted. Just to note, all trends are basically in an uptrend of higher highs and higher lows. Some of the longer term trends haven't struck in some time. Heck we haven't had a Daily downtrend in months and are still operating off the Daily...
Overheated market trends showing a bull market is basically my findings. I have not held into positions, long or short, going into this last surge. I had a relatively promising month in January and decided I would just end it on that note. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 4925 Downtrend (1/31/2024) Lower Low 1Hr - 4933...
So I chose to cash out my trade at 4760 for about $2250. Trends have a huge case to send us lower, especially if the 6hour keeps signaling lower. All the trends between 30m and 4hr are ALL in a lower low downtrend at the moment. The trends are as follows; Last Macro Trend Signal Spots (ES Contract) 30m - 4778 Downtrend (1/17/2024) Lower Low 1Hr - 4761 Downtrend...
Still sitting short at 4805, at the time of recording I was slightly in the negative, but since we have pulled back down as expected and I'm in a profit zone. The trends are well explained in the video, but most important takeaway is that a new 4hr downtrend coming in below 4808 will signal a lower low, as will a 6hr downtrend coming in below 4759. These two...
So, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower...
So I cashed out my position for a net of $8000. Trends call for a bounce back upwards to acquire some new trend action to take us lower, especially as we violated just about everything on the way down here. I am not ready to go into a Long position for that upward movement at this time however, because there was just too much downward pressure to bring us down...
Welcome back to my study. In the video I will wrap up how the oil contracts went (mediocre but made money), where trends are, and my two current positions in the ES and the 6A contracts. Trends into today are; Last Macro Trend Signal Spots (ES Contract) 30m - 4833 Downtrend (12/29/2023) Higher Low 1Hr - 4806 Downtrend (12/29/2023) Higher Low 2Hr - 4818 Downtrend...
Hey everyone! Sorry for being away for a bit, while we did follow my red graph down and I had shorted into some of that, I did not feel comfortable following it back up and went over to trade several 6E contracts instead. Not sure the income difference was much, but it felt like a safer trade following long term valuation of the Euro than hoping stocks regain...
So, as I explain, all the trends currently are in lower modes, except the Daily. I don't see the Daily beating out every other trend at this time, though I would like to see a Daily Uptrend, be it if we are going to head higher or lower, just so that it is on board and updated. Currently I'm Long at 4468 because trends maxed themselves out yesterday to the down....