Get started

Daytrading

EUR/USD Trade Idea: Potential Short Setup 📊 Pair: EUR/USD 💡 Trade Bias: Bearish • Sell Entry: Around 1.04611 • Take Profit (TP): 1.02118 • Key Level (IDM): 1.04344 🎯 Plan: Currently, the 30M CHoCH has confirmed bearish intent. Waiting for price to mitigate the 30M order block, then dropping to the 5M timeframe for a CHoCH flip and refined entry. • Confirmation: Liquidity sweep and strong bearish momentum on the 5M after mitigation. 🚨 Note: Patience is key. Entries are approximate and depend on mitigation and structure flip. Bless Trading!
Short
by Juicemannn
1
Catching the FOMC buy on MNQ - Leap ChallengeUsing the Paper trading leap account for this, did not want to risk my prop firm account but as we can see we had an extremely profitable day. This happens to me often where I decide not to trade for safety and then the day I decide not to trade is usually my biggest days sometimes. Lol Anyways, If you guys want me to share and post the execution of this trade, I would really appreciate if you guys could give this post some likes. Please do follow and subscribe for my MNQ & NQ market insights. I am happy to see you here! Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
CME_MINI:NQ1!Long
by BDripTradess
Journey to 53k: Mitigating my losses during London SessionTrading Ideas shared here, with a reversal trade after market decided to manipulate lower to that 50% Bullish FVG level outlined by ICT. Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
CME_MINI:MNQH2025Short
by BDripTradess
“Waiting for 30M CHoch flip to Confirm Bullish bias”“Waiting for 30M CHoCH Flip to Confirm Bullish Bias” I’m closely monitoring EUR/USD on the 30-minute timeframe. The price is sitting in a 4H demand zone/order block, and I’m waiting for a clear CHoCH (Change of Character) on the 30-minute chart to confirm bullish intent. For a broader view, I’ve posted the 4H chart in my latest post, showing the demand zone and its significance to this setup. Key Levels: • 4H Demand Zone: Strong area of interest for bullish setups. • Next Steps: Wait for CHoCH confirmation and refine the entry. Patience is key in setups like these. Let’s see how this plays out! Bless Trading!
Long
by Juicemannn
Journey to 53k: 50 point trade on MNQ with my ideasQuick Idea, I am on the run today. Have alot going on! But I wanted to catch another one. Got stopped out at 51 points I believe. But I am content with the trade. Give a like if you enjoy me sharing these ideas! Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
CME_MINI:MNQH2025Long
by BDripTradess
2
Day Trading: A Comprehensive GuideDay trading is a dynamic trading style that attracts many traders, particularly those looking to capitalize on short-term market movements. Unlike other trading strategies that span days, weeks, or even months, day trading involves executing trades within the same trading day, taking advantage of price fluctuations throughout that period. This guide will explore the essence of day trading, its strategies, pros and cons, and tips for success, delving deeper into the intricacies of the market and the techniques required to navigate it effectively. What is Day Trading? Day trading involves the buying and selling of financial instruments within a single trading day. Traders do not hold positions overnight; instead, they aim to profit from daily market movements. This approach is particularly appealing to novice traders, who may believe that frequent trades can exponentially increase profits. However, the fast-paced nature of day trading requires discipline and a solid trading plan, as emotional decision-making can lead to significant losses. Traders typically utilize various time frames, often ranging from one minute (M1) to one hour (H1). While beginners may gravitate towards shorter time frames like M5 or M15, these often result in increased noise and the potential for quickly hitting stop-loss orders. Successful day traders understand that consistent profitability stems from maintaining discipline and developing a robust trading strategy rather than chasing quick wins. Understanding Market Psychology Market psychology plays a significant role in day trading. Fear, greed, and anxiety are the primary emotions driving investor behavior, leading to price movements. Traders must remain aware of market sentiment, gauging the mood of other traders and market participants. This involves: 1. Sentiment Analysis: Assessing current market sentiment can help traders position themselves correctly. Bullish sentiment often leads to higher prices, while bearish sentiment causes prices to drop. 2. Economic Indicators: Monitoring economic indicators and news releases helps traders anticipate potential price movements, influencing their trading decisions. 3. Support and Resistance: Key support and resistance levels indicate areas of price stability and potential for price reversal. Read also: --- Strategies for Successful Day Trading --- To thrive in day trading, adherence to particular strategies is essential. Here’s a look at some of the most common techniques employed by day traders: 1. Scalping Scalping is one of the oldest and most popular strategies in day trading. It involves making numerous trades throughout the day to capture small price movements. Scalpers analyze charts and execute quick trades based on technical indicators, entering and exiting positions in mere minutes. This method thrives in low-volatility environments, where assets tend to fluctuate within tight ranges, allowing traders to realize small but consistent profits. Example of Scalping on 5-Minute EURUSD with Simple Moving Average and Standard RSI Indicator 2. Reverse Trading Reverse trading capitalizes on market range-bound conditions. Traders identify key support and resistance levels and execute trades based on the price retracing from these points. This strategy typically requires a combination of technical analysis and an understanding of fundamental data. It's crucial to remain vigilant about scheduled news releases, as these can create sudden price surges or drops that impact positions. Read also: 3. Momentum Trading Momentum trading relies on the strength of existing price movements. This strategy involves entering trades in the direction of a prevailing trend, often guided by fundamental analysis and technical indicators such as Moving Averages. Traders monitor economic news and events that may influence market dynamics, utilizing these insights to execute long or short trades accordingly. Read also: 4. Range Trading Range trading involves buying an asset when its price falls to the lower boundary of a trading range and selling when it reaches the upper boundary. This strategy requires a keen eye for identifying support and resistance levels and a deep understanding of market volatility. Read also: Pros and Cons of Day Trading Day trading comes with a distinct set of advantages and challenges. Here’s a balanced view of its pros and cons: Pros: - Access to Capital: Traders can start day trading with lower capital requirements since each trade can yield a profit in just a few pips. - Flexibility: Traders have control over their trading schedule, allowing them to choose when and how long to engage in trades. - Potential for High Returns: Successful day trading can produce significant profits compared to longer-term strategies, provided that trades are executed prudently and systematically. Cons: - High Risk: Day trading is inherently risky, especially for those inexperienced in market dynamics. The potential for quick losses is significant. - Psychological Pressure: The fast-paced nature of day trading can lead to emotional decision-making, which can derail even the most disciplined traders. Read also: - Time Commitment: Day traders must be patient and ready to dedicate long hours to monitoring the markets, which may not suit everyone. - Commissions and Fees: Trading frequently can lead to increased commissions and fees, eating into potential profits and making it essential to maintain a high win-to-loss ratio. Managing Risks in Day Trading Risk management is paramount to surviving in the world of day trading. Here are some risk management techniques to consider: 1. Position Sizing: Proper position sizing is critical to risk management in day trading. This involves allocating the right amount of capital to each trade to minimize the impact of potential losses. 2. Stops and Limits: Traders use stops and limits to limit potential losses. Stops are triggered when prices reach a predefined level, closing out the position, while limits are triggered when prices reach a certain level, closing out the position. 3. Risk Reward Ratio: Setting a risk reward ratio helps traders maintain profitability. This involves setting a ratio of reward to risk, typically around 1:3 to 1:4. Read also: /b] and.. and... Conclusion Day trading can be a lucrative venture for those willing to invest time in understanding market mechanics, developing strategies, and exercising disciplined decision-making. While it may appear attractive, particularly for beginners, the reality is that successful day trading requires meticulous planning, emotional control, and a well-thought-out strategy. For those new to day trading, practicing on a demo account is advised to build skills and confidence. Starting with simpler strategies, such as pullback trading or scalping, can help beginners navigate the complexities of intraday trading. Ultimately, comprehensive knowledge of technical analysis and a clear grasp of market sentiment are critical for achieving consistent success in day trading. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Education
by FOREXN1
1
Nightly $SPX / $SPY Scenarios for 2.4.2025🔮 📅 Tue, Feb 4 🌎 Market-Moving News: 📢 Tariffs in Focus: 🇺🇸🔁🇨🇦 U.S. imposes 25% tariffs on Canada & Mexico, 10% on China, while Canada retaliates with 25% tariffs on U.S. goods. 🏦 Central Banks: 📉🇪🇺 ECB cuts rates to support growth, while 📈🇯🇵 BOJ hikes rates, signaling diverging global monetary policies. 📊 Key Data Releases: 📉 JOLTS Job Openings (10 AM ET): Forecast 8.68M (Prev. 8.75M) 🏭 Factory Orders (10 AM ET): Forecast +0.2% (Prev. -0.7%) 💡 Market Scenarios: 📈 GAP ABOVE HPZ: Initial push higher before rejecting below 6044, leading to consolidation. 📊 OPEN WITHIN EEZ: Rebound attempt, but potential rejection back into the Equity Equilibrium Zone, causing choppy action. 📉 GAP BELOW HCZ: Early dip, potential bounce, but structure favors continued weakness before stabilization. #trading #stockmarket #SPX #SPY #daytrading #charting #trendtao 🚀
SP:SPXLong
by PogChan
Journey to 53K: 2.3.25 My Live executions with ICT NQ CommentaryTook some L's today but I accept because I do not want to repeat last week over again. We also have to get ready for work and make some breakfast for my sisters so we are calling it today. May tomorrow and the other days this week bring me more blessings. but we will see. I am really working on not feeling rushed. Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
CME_MINI:MNQH2025Long
by BDripTradess
EUR/USD 4H Analysis: Smart Money Concept SetupOn the 4H timeframe, EUR/USD transitioned from a downtrend to bullish momentum after breaking the previous LH. This indicates a potential trend reversal. Price swept liquidity at the IDM level, confirming the inducement move. I’ll now move to the 30M timeframe to refine my entry. My focus is on waiting for a CHoCH (Change of Character) and a bullish order block retest before executing a buy position. Sticking to one pair this week to maintain a focused approach. Let’s see how this plays out! Feedback is welcome—drop your thoughts below! Bless Trading!
Long
by Juicemannn
XRP/USD -Learnig from Mistakes and Refining Entries (30M TF)In trading, losses are just as important as wins when it comes to learning and improving. Here's a breakdown of a recent setup I analyzed on XRP/USD that didn't play out as planned-and how I refined my approach to get it right. What Went Wrong (Bottom Chart): =I initially identified a break of Major Higher Low (HL) with a strong volume candle. =I assumed this would lead to bearish momentum toward my target, but price failed to deliver. =The issue? I overlooked key liquidity points and entered permaturely without a proper confirmation of intent. What Worked (Top Chart): =After reviewing the chart, I spotted the correct setup: a proper HL break, which swept Buy-Side Liquidity (BSL) / (IDM). =Price tapped into a well-defined supply zone (order block) after taking liquidity, signaling a high-probability reversal. =This approch aligned with the market structure and led to TP being smashed. Key Takeaways: 1. Watch for liquidity sweeps and inducements before committing to a trade. 2. Confirm intent by combining structure breaks (CHoCH) with zones of interest like supply/demand zones. 3. Review losses thoroughly-they often hold the key to improving your entries and view. Let me know your thoughts, or feel free to share your experiences below. Always learning, always evolving!
COINBASE:XRPUSD
by Juicemannn
#ES_F Day Trading Prep Week 2.02 - 2.07.2025Last Week : Globex opened inside VAL under the Weak stops from previous sessions that we have market off which signaled weakness, under 6100 market started taking out lower stops and key areas which gave a big flush into lower Value during ON hours to start the week but we ran out of selling after looking below lower VAL and rotated out of Value from there. RTH Session did not bring anymore size selling, instead we were able to hold above Value take in all the Supply and move back into/above upper Edge which brough stability and pushed us into 6114 - 064 Intraday Range where we found balance. End of week price made a push into upper Value again but the move was done during ON lower Volume hours and once we hit the bigger area of supply/where we previously found bigger sellers over 6144 the whole push came apart and gave us another move under VAL into the Edge where we closed right at a big area without really breaking under. This Week : This week is really tricky to try and call because we have new month starting, we had some news over the weekend which has made a lot of people bearish or at least think that we should be bearish and either open on gap down or continue lower, we have seen strong selling from above areas which probably trapped buyers to give us more weakness BUT as much as I like to cheer for the downside and a good correction most of the time as I am a short seller, we have to be careful here because we are at important HTF areas which if we don't get the needed volume to stay under could bring stability and continue to give us balancing action over them. We will have to see what we do on the open tonight and during ON sessions to really get a better picture but we can have a plan and keep things in mind that IF they start happening then we can be ready. Daily TF for now is still in uptrend after a failed correction in mid January and we are just grinding over smaller Daily MA with buying interest running out over 6100s which is giving us this sideways/selling action, weekly TF also grinding over its smaller MA and has closed right around weekly balance mid area after failing to hold under its low which is in 940s this could mean that we may potentially continue holding and grinding/sideways with weakness until we see some bigger change. Daily Edge top is around 6070 - 40s we would need to either see a push that can close under 50s to signal acceptance back in lower HTF Range or a push under with continuation to/through lower VAH which can then bring in more sellers and give us continuation towards lower targets at VAL/Edge and if things get really ugly to push us through 933 - 913 Edge from where we need to watch out for further continuation towards our Previous Distribution Balance. On the other hand we need to be careful forcing the short side under 6060-50s unless market can clearly show us that it wants to be under, if it does not then we can watch for us to stay inside Current Intraday Range where we could balance and maybe tighten up the ranges as things have been pretty wild, if this will be the case then we could see stronger sells coming from areas closer to above VAL and from inside/above it, weakness from VAL can continue until we can push into Value and start balancing around the Mean area without getting back under 6114.
CME_MINI:ES1!
by HollowMn