US30/DJ30 Weekly OutlookTechnical:
Daily ascending trendline
Weekly fib
4hr fib
4hr descending channel
Buy Entry:
Close above 78.6% weekly fib level
Close above 23.6% 4hr fib level
Close above 27,500 breaking LH/LL structure
Break of descending channel
Target - 4hr 61.8% Fib for around 600 points
Sell Entry:
Break of daily ascending trendline
Close back below both fib levels
Target - 4hr -23.6% fib for around 600 points
Dj30
Stocks Strategy is now here!We don't like standing still, so now I am keen to launch our strategy for stocks and indices.
Same ideas as our FX one and we have optimised settings for the below pairs.
There aren't meant to be shortcuts in this game, so we created them instead.
Please see the link to strategy script in related ideas too.
Thank you
Darren
US30 Sell still valid.Still time to review and consider this one - not far from entry price.
This entry is based on our specific parameters for US30 as you can see in the bottom graph - almost a 1000% gain since 2018 with a fixed 1 contract size, no compounding!
We are aiming for TP3 or closure for a reverse trade for target, but manage as you wish should you enter for those without access to our tool.
Regards
Darren
Bearish Flag Forming on the US30Potential drop on the DJ 30 Futures / retest of 27,000 support as bearish flag is forming!!...
US30 Sell now valid!US30 sell is valid on our strategy - 800 pips on the way up and the Buy is now closed due to the opposite signal being displayed.
Lets see how it plays out for us now.
Regards
Darren
DJ30Price touch the supply area and react...
Price may go south to the demand area..
But price approach need to be good to take a long trade on demand zone..
US30 Bearish on 4H using Elliot WavesUsing the Elliot Waves 12345 and ABC we see that price should go to point C as a big correction, and it has already broke the small support created in the last 3 days mentionned by a blue line at 25767.0 which is a good confirmation for the sell setup.
Green lines are partial TPs.
What a beautiful picture..... DJ30!DJ30 - to perfection!
Ride it down and then up, buy running almost 1000 points.
Very simple.
Regards
Darren
DJ30 - new signal, down we come!For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy.
We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC .
Regards
Darren
Blue FX
DJ new trade - we need to break the last low and down we come.For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy.
We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC .
Regards
Darren
Blue FX
DJ - Down we come? New signal validFor more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too - these are customisable based on the ATR of each pair.
We have set these so that TP1 is 1:1 TP2 is 1:2 TP3 is 1:3 RR.
There are infinite ways to manage your trades to suit your mindset and time.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Please follow us to keep up to speed with our trading ideas, live streams (coming soon) and weekly recaps using our strategy.
We are continually marking some tweaks and marginal gain improvements to continue to make this easier for our trades and even more profitable. All updates are given to our members and previous purchasers FOC .
Regards
Darren
Blue FX
DJ30 / DOW JONES / US30 - About to fall..Price has been consolidating in the highlighted area for a bit.. price may go up slightly BUT once it breaks support shes gone..
(last chart was a bit of a mess so thought id redo it)
US30 - ShortClear H&S pattern has formed. Bad news coming from the US at the moment in regards to the pandemic with highest number of deaths in 24hrs. Anticipate a sell on break/retest of the neckline. Drop back to support around 21,000???
DJ30 - Sell We have just seen the chaos but it was short and should have finished..
Sell DJ30 when price breaks support
Dow Jones Bearish Rectangle????Idea of a potential breakout on Dow Jones. Also taking into consideration the economical climate and NFP earlier today. Will the downtrend continue.
ridethepig | Getting Itchy Fingers in US Equities...Getting our bearings...
If a retrace swing is checked in its advance only by opposing forces, waiting for sentiment to improve will mean you have missed out on a lot of the bounce. There is the recognition that when a crash like this happens, we must sacrifice a part of our own effectiveness just to help keep an eye on it, outguessing the lows is an advanced game, you will need to keep tracking continuously over the coming days/weeks.
When we remember another signpost, name that the 2s5s was screaming recession last year in that it is a born defender, we will gradually get to the point where selling exhausts in Equities and is worthy of our respect.
We need to ask ourselves...what is the best price to outguess an ambitious swing low? What is the most secure defence of our own portfolios? What is the cheapest stop cluster on the board to load into? e.g The lows at +/- 15,500 are once more open for a sweep, because new cycles are not suited to long-term populated ladder inactivities. This is much less the case when a swing is employed in such a chapter.
Let us now take a look at some of the underlying factors that are weighing heavy right now, firstly the " Consumer Staples " chart of the previous chapter. In this connection, I must first mention the majority. At the start of the turn the low hanging fruit was there to be taken, but after the 2008 crisis it was one way traffic.
As the game continues, Covid-19 is now marking the highs in this cycle, and then the majority of SMEs are under severe pressure against liquidity. Every day, uncompromised jobs are being lost with Jobless Claims exploding through the roof:
A rule which is dictated not only by strategic necessity but much deeper, as I am sure you will admit, by sheer "good manners". The rule can be described with scientific precision as follows:
=> The knee-jerk lows of the decline is the candidate we are considering, as there is support at 15,500 I will look to fade dips into this area and then play a swing towards 35,000.
With Oil on the $20 lows, sellers are looking to cripple Russia and Saudi. How simple! And yet, how often does one see weaker players advance the move, then comes the majority of retailers which is no value to us. We are approaching the final few chapters in the Oil decline too, the explanation is simple, they are undecided whether to start on the supply side cuts, so being unable to make up their minds (and killing US Shale in the meantime) markets do what all solid players do: they stick the knife in and cause maximum pain.
In this position, sellers have a passed swing, but it can be seen more clearly in Monthly:
This stopping is achieved by US placing one's focus on Gold and directly increasing the price of XAUUSD. But here, as in all other cases, the question arises: is Gold:Oil ratio (XAUUSD & XAUCNY | USOIL & CNYOIL contracts) not an unnecessary use of energy? Actually China managed to devalue the CNY right in-front of our eyes via Oil. The only way the US can now keep a healthy petrodollar market is by keeping a low gold:oil ratio which is either via low Gold and high Oil or High Gold and low Oil, you get the point.
Two options are in play right now... either widespread defaults or I am glad to offer you what I believe is an exhaustive solution to the problem I have raised and inflate assets away. Nominal GDP will need to grow and your mediocre critic would sum up the problem in a short comment: write off student debts, or more helicopter money. But to my mind this betrays a poverty of thought! The why and wherefore are extraordinarily important. It would be ridiculous to write a piece here without a psychological element. In my books, its just as ridiculous to write a manual about swing strategy without immersing oneself in the innermost being of the participating drivers of flows.
No matter how unusual the following scenario may seem, I can only insist on the fact that models show confidence collapsing in public assets which will trigger inflows towards private sector in the coming years. They too have desires that slumber unrecognised within them, and fears of which they are scarcely aware. But quite removed from that, a detailed case for the need to outguess the turn is more practical use than those who seek theory. Of course, I do not consider the presence of a practical plan as an extenuating development, for what have I do do with extenuating developments!!
Take care everyone and thanks for keeping the support coming with likes, comments, charts and etc!
DJ30 going down. Perfectly bounced to Fibbo 38.3 and got rejecteDJ30 going down. Perfectly bounced to Fibbo 38.3 and got rejected.
Looks like a good short opportunity
Shorting SPX500 or Dow JonesWe can sell US futuers, SPX500, DOW JONES or NASDAQ100 if we see a pull back to the.(We can expect a pull back in the coming days.)
US30 / Dow Jones Buy for New York & TrumpIm expecting the US30 / DJ30 / Dow Jones to head higher today and maybe even this week.
I believe a strong reversal could be due based on what the charts are showing me right now.
Trump is due to speak today and that could create aggressive market movement but also the massive cash injections by the FED could help support the upside movement!