Dow_Jones_Maestro

Dow_Jones_Maestro Updated  an hour ago

I am going for a gap up and rally idea. Extremely bullish bias. I am already triggered in Long at 45,252 stop is 75 ticks target is 180 ticks This is my one trade for the day. Same idea as Sunday May 11th where it too gapped up at the open over 1% and right into 250 for the rally all day Today's action

Dow_Jones_Maestro Updated  Jul 25

Price is mean reverting around 45,000 and also mean reverting around today's open. I will be waiting for a mean reversion play under the low of day targeting the high of day. I will be waiting for a small entry candle, a small doji. I did not take this first run up because the entry vs stop would have been too large. I believe the first mouse in will get dunked...

Dow_Jones_Maestro Jul 20

If Monday will be a down day, your best bet would be to finesse an entry ABOVE the open to form the Daily candle's upper wick. I would not sell anywhere else other than ABOVE. Look for a double top formation. It all depends on how the day sets up.

Dow_Jones_Maestro Jul 20

Based on my intuition, Monday and Tuesday look to be avoided. Small, Doji days that will chop around on top of Monthly open and slightly under Thursday's Low. I will wait until Wednesday to look for the buy low day to take out Friday, Monday, Tuesday. I bet price will open slightly down with a gap to allow Wednesday to fill it. Check out my Mid Month reversal...

Dow_Jones_Maestro Jul 17

I am looking for a bullish continuation day or First Green Day Buy Low Day. I want to buy low under the open to create the daily wick. I marked the 3 lines where price has the potential to pullback to.

Dow_Jones_Maestro Updated  Jul 16

Now that CPI has traded and closed below the monthly open, I am eager to see Wednesday's price action. I believe this is the Low of Month/Mid Month Reversal to trap shorts selling down low. Since the trend is bullish, I want to see buyers step in and pivot away from that low. Trap and shift. I don't know how far it will go out of balance before/if snapping back...

Dow_Jones_Maestro Updated  Jul 15

If I can get a small doji formed after CPI at around the orange line (March's Monthly Open) I will enter Long. Once entered, stop loss is 120 ticks and target the high 325 ticks. I believe CPI will be whipsawed and range bound until NY opens up swinging This is the 2 Hour chart for the pattern. 15 Minute entry time frame

Dow_Jones_Maestro Updated  Jul 14

I am Long now at 44,437 120 tick stop 335 tick target Market gapped down, flushed the lows, tapped the monthly open by a hair and closed back inside. My stop is under the low and under the monthly open. My idea is that is will continue bullish back into the range. Price is forming a range and mean reverting around March's Monthly Open. February's Monthly...

Dow_Jones_Maestro Jul 12

I will be detailing my strategy to both help others and to help myself fine tune my strategy. My strategy is one of market maker cycles. The end goal: to trade off of the Daily chart by drilling down to the 15 minutes for entries. Everything revolves around the Daily chart. The only indicator I use is ATR, other than that, pure price action. I use opening prices...

Dow_Jones_Maestro Jul 7

If I see a 12 hour doji form at the close of this candle (4am my time) I will jump in bullish and target the highs for 600 ticks. I am looking for price to tap into the lows and close as a doji.

Dow_Jones_Maestro Jul 7

With updated information I can see price is in a range. Currently, price is in a bullish phase and I am soon expecting a topping process and a roll over. The daily trend should then switch bearish and take out all of the bull side liquidity. The low of April 21st should also be taken. All of this bearish price action down to revisit the lows will be the order...

Dow_Jones_Maestro Jul 1

I am looking/waiting for a pullback to July's monthly open for a buy support trade in this strong bullish trend. Based on the close of the 3 month quarterly chart, the trend is EXTREMELY bullish. This doji candle on the monthly chart for the SP500 is EXTREME Bullishness. Below are examples of this setup. I jump ALL over this setup as soon as I see it.

Dow_Jones_Maestro Jun 7

Outlined below, I have come to the conclusion that there are 10, most probable trade outcomes of any given trade idea. After seeing these outcomes, one can see what outcome is the most challenging for a trader to handle. Everyone is different and can tolerate different scenarios.

Dow_Jones_Maestro Updated  Jun 4

I am currently short Dow Jones aiming for a home run trade that I have been waiting to set up for days now. My thesis: Rising wedge into the 80% pullback of the Daily Doji bar Mean Reversion around March FOMC of 41,155 Break of the support zone of 42,000 If today will be the day it engulfs then I will probably hold all day short If I am wrong, then price...

Dow_Jones_Maestro May 30

This is just my rough draft estimation on what I am thinking Dow Jones will do in June. I am going to sit out the first week to gather data and let the market show its hand to me first. I have two key levels marked using the weekly candle of April 7th. The 80% retracement and the candle open. I am thinking the first week of June to be a sideways candle of...

Dow_Jones_Maestro May 28

After I thought we would see a sell continuation off of the March FOMC level of 42,155, price continued bullish. I am using Thursday and Friday's opening price as support for a pullback. 41,912-41,968 I am expecting Wednesday and Thursday to be profit taking, pullback days in an upward trending bias. This monthly candle is expecting to close near the highs....

Dow_Jones_Maestro Updated  May 26

The ramped volume accumulation above the monthly open is the target for liquidity. I am going to be looking for a pullback to form the high of week and a continuation of the down move. Next week is a short week due to the holiday. Therefore, should be a slow drift down. This monthly bar is forming a market maker cycle. Instead of Wednesday being the midweek...

Dow_Jones_Maestro May 16

Using the 8-hour chart on the Wednesday of an FOMC release, I use a purple line on the 10am EST 8-hour candle's open as the FOMC release price point. I then use a purple highlighter to signal the date of the release. I have come to the conclusion that the Dow Jones Futures moves and finds support/resistance using the FOMC releases. Nothing else on the chart...