DOW daily : looking for buy with SL in low , hold it 7-8 day personaly i belive dow will see EMA200 daily 33500 soon
BUY BUT 100% PUT SL IN LOW , NEVER REMOVE SL , dont close buy soon , after +80 point ,move SL to open price,let it go
if dow break low (need bad news) above green arrow (next posible low) when pinbar comes we can buy and hold to high
good luck
UDF1! trade ideas
Showcase: Trading the e-mini Dow Jones (YM) 22-06-201. Did a long trade (paper trading) on e-mini Dow Jones.
2. Reason for the long trade:
a) Price do a higher lower; a UT bar appears but the next bar overtake the UT.
b) Volume is supporting the upward move.
c) Strong support level at 29910 range.
3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is revised upwards to minimise the losses and eventually lock-in the profit.
4. Price eventually do a pullback after breaking the recent Resistance (29966 range); our SL got hit and we exited with a realised profit of 24pts.
5. Price may move upwards from hereon; it is OK to exit with a small profit rather than be ambitious.
We can't go anywhere without the DOWI was a bullish hopeful at the start of the week...I was thinking we would fill the 4K gap on the ES and then just go. Instead we spent 4 days closing below this figure. Yes, we closed the week above it and kept the lagging span just above the cloud but we cannot go anywhere with the DOW and this chart says it all. Neckline is clearly broken. Now, I do think we could have a minor rally to end May with a possible green monthly candle.
The charts are clearly broken and will have limited re-tracements IMO.
The NQ & RTY are in bear markets, enough said there.
Sell the rip....
YM1! - Weekly Market Update, 6/20/22Dow Futures have triggered a short opportunity based upon last week's price settlement. I've detailed my ideal entry, stop loss and targeted areas on the chart.
I've also updated support and resistance structures for your reference. Wishing you a blessed and profitable week ahead!
US30USD YM1! DOW 2022 JUNE 20 Week
US30USD YM1! DOW 2022 JUNE 20 Week
Last week shorts reigned. The week ended with demand coming in to support the market.
We may see long opportunity near 29639 temporarily.
Else, wait for price reaction to 29639.
Possible scenarios considered are:
1) 29639 support fail for short continuation
2) Channel and 29639 support: Return of demand for temporary long opportunity
3) If market retrace on low volume to higher levels and is rejected = short
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32563 31299 30999
30157 29639 26212
Weekly: High vol wide spread down bar close off low = demand has come in.
Daily: High vol down bar, narrower spread and closing off low = strength - demand has come in
H4: Last 2 bars combined = UHV down bar closing in middle = Demand present
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Dow daily say : fibo 161% say dow can crash to 29000above green arrow (next posible low place) when pinbar on 1hour , 4haur or daily chart come , we must pick buy ok? but with SL in pinbar low understand ? for hold to high
if clear buy pinbar verfy not come , wait more , dont pick buy
if pinbar comes , dont fear pick buy but very low size , dont close it soon,after 80 point move SL to open price , let it go upper ,try hold it until 34000 area (can take 10 day)
personaly i think 29500(2nd green arrow) is 2022 low , then dow will start big +up trend to high
good luck , if you have old buys in witout SL you are in danger ,dow can go downer in coming hour ,for help contact my Telgram :ramin_trader2006