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#ES_F Thursday 1.26.23 Overview Review: Last night Globex opened and drove under 4030-25 trapping supply over which started our move overnight move. Yesterday we had signs that inventory is still low and someone is buying, Globex was used to drop the bid under Previous day low which helped get us under 94-89 and our T2 Low Support which made more people sell out into the buying under 3976-71. Once selling has stopped the inventory was short and our supply was back over 4030-25, today showed us that there is still size covering and wanting that supply. 4076-71 was look below and fail, once we got back over T2 Low and 3994-89 position was below us. Overview: Interested to see what we will do in Globex tonight, we still have supply that is coming out from above this 4042 area and now our buyers are under 4025 and under 4012-08. If we break under 4030-25 there might be a chance to visit 4012-08 or close to it, if we wont see a full test or break under it that will show strength going into RTH but it might be a tricky day as we might be trying to get as many sellers shaken out before making another run at bigger Supply area. as long as we are holding over 4000-4012 area there is a good chance to make another attempt higher to 4046-42 // 4061-56 which would be our T2 High and maybe get close to 4084-77. Ideally we don't go there tonight first but instead come down lower and consolidate. If we do get over 4061 at whatever point that is not the best area to add because that is an area of bigger supply and things can come to an end quick. Area to be careful at. If we do break under 4012-08 - 4000 those will be first red flags and break and hold under 95-89 would be a big warning might change things to the downside pretty quick. Levels to Watch: 3994-89 // 4012-08 // 4035-25 // 4046-42 // 4061-56 // 408477
CME_MINI:ES1!
by HollowMn
How to Create a Trading Plan for Trading Success! Hey Traders so I figured because it's a new year why not start the year off right by setting us up for success. Having a trade journal or Trading Business Plan may be one of the most overlooked aspects of trading. However in my opinion it will separate those who are successful from those who are not. Trading is a game of probabilities and odds. Mistakes made are sometimes be very costly. Sticking to your trading plan along with money mangagement will allow us to survive the storm that we may face in the event of a drawdown. Also when we are up and riding the wave it will keep us from letting Fear, Greed and Hope getting in the way of profits. Enjoy, Trade Well Clifford
COMEX:GCG2023Education
by TradetheFuturesCharts
2
TRADE PLAN 01/04/2023TP1> If we manage to Trade/Bid above MAIN POC 3841, we can go for 3858 > 3880 > 3913 > 3924 > 3943 > 3965 > 3979 > 3995. >To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 11 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle. TP2> If we manage to Trade below MAIN POC 3841, we can visit 3824 > 3800 > 3787 > 3766 > 3728. >To the downside, the level I'm looking is 3824, as we are already trading below 3960 11 days POC, so once we confirm below 3824, we have to break lower to find strong sellers to push below 3800, where BEARS are losing the battle. * We are trading in this 100 points RANGE from 3800 to 3900 levels for the last 11 days or about 2 weeks, I would say that the market structure are balanced, looking for stronger BUYERS or SELLERS around the VALUE AREAS. For now no direction in the markets, just range trades, we should break anytime soon out of this BOX and I would like to see the TP1 working tomorrow as I'm positive delta after this nasty $AAPL Drop. $TSLA was also ugly today, -12.24% #tradesafe #sizekills
CME_MINI:ES1!
by IronMan_Trader
SPY - kung fu chop the chopIn review. I see a lot of people complaining about "chop" lately. These are not the people to be following in my honest opinion. There is opportunity in all markets it is just a matter of risk management and being able to navigate the choppy waters. Circled some of the opportunity I took in this "Chop" A week in review these are some of the best trading days I have had. Sometimes the easiest trading is done in chop but you have to be patient and let it come to you. Don't let the chop push you off course. Stick to your trade criteria and navigate accordingly. You just need to be patient, post your lookouts, and be ready to sound the alarm to enter the right trade. Set alerts off of great areas of value so you don't have to spend the entire day staring at the screen. Trade safe have fun!
AMEX:SPY
by Verum0
FTM/USDT Elliott Wave count 12H TFFantom into a falling wedge pattern what I think it is a 5th wave ending diagonal, translated into Elliott wave theory. Probably we ended the wave A from an ABC 5th wave of a 5th wave bigger degree and now we may enter into wave B from this ABC pattern(red count). A trade plan here is to sell into 0.5 - 0.618 fib retracement (0.235 - 0.226 zone) of the wave A where also we have a strong resistance, the red pointed slope trend line. Targets for this 5th wave is 0.150 - 0.145 zone where we have previous low from July 2021. We may take into consideration a truncation here as 0.618 fib extension 3rd vs 4th it perfectly aligns with the previous November 22 bottom. Bigger picture remains bearish on FTM. Any breakup of the wedge pattern will invalidated the count!! If you want me to analyze other coins that interest you, please write in the comments, I will gladly do it within the available time. Good luck!
FShort
by Cross10XSignals
2
Trade Plan 12/12/2022 TP1> if we manage to Trade/Bid above MAIN POC 3995, we can test > 4035 > 4056. TP2> if we Open/Trade below MAIN POC 3995 > we can test > 3960 > 3934 > 3914 (LIS-CPI POC). I'm not expecting any crazy swings in the markets for tonight GLOBEX and TOMORROW US CASH SESSION, probably sideways, choppy, as we have two major reports this week to finish 2022: > CPI Tuesday 8:30am > FOMC (Fed Interest Rate Decision) Wednesday 2:00pm - IMO the big trade will happen by CPI report Tuesday 8:30am and with that we will have a clear direction for a continuation or reversal only after FOMC report. - Be ready, it will be a interesting 3 days to trade, but with not much opportunities as the BIG PLAYERS are already loaded and in FULL GEAR. - The trade will happen and you wont be able to get anything if you're not in before 8:29am (Tuesday Morning), basically those are LOTTO TRADES, and the market can DUMP or SPIKE +100 handles. #tradesafe
CME_MINI:ES1!
by IronMan_Trader
2022-12-W49-NZDJPY: Bulls Are Exhausted, Bears Should Come.Hi supporters A Cypher Bearish pattern is forming in timeframe 1M (X: Dec 2014, 94.049; A: Jun 2016, 69.232; B: Jul 2017, 83.910; C: Mar 2020, 59.490; D: Nov 2022, 87.456). If bearish Fibonacci traders dominate the market, we could find short opportunities in coming months. Cypher Bearish structures have appeared two times in Apr 2022 and Jun 2022. Stop Losses: • max = max(87.347, 86.811, 87.456) = 87.456. • max = max(87.347, 86.811, 87.456, 94.049) = 94.049. Current Price: 86.670. Targets: • 83.910 (B, High@Jul 2017). • 78.861 (High@Dec 2018). • 74.564 (Low@Aug 2021). More Information: NZDJPY has a history of following Fibonacci by forming a Bat Bullish pattern in Apr 2020. Remark: • Trade plan is valid within 03 weeks. For example, if a trade plan was issued in W41, its trade-nows would be in W41, W42 and W43. From the start of W44, the trade plan was expired. • We decide to dedicate all of our time and effort to finding the best entries. Exits are on your own decision. As a result, we will not update when trade plan is cancelled/expired, price hits stops/targets, or trade is closed manually. • This is our trade plan for your reference, not a financial advice. Your trades are based on your own decision. Please make sure to read the disclaimer below.
Short
by SupersafeTrader
🔸USDJPY: Plans for NY🔸 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
by Yelli_trades
17
S&P 500 - Deep Analysis and Trade PlanHey traders, I figured I'd share my ideas for swinging and day trading the SP500 over the next several days / weeks. I'm using the continues SP500 futures chart but this analysis should work on SPX and SPY as well with few (if any) differences. I'm going to do my best to make this post valuable even when this market structure is rendered broken by price action. My goal is to make this educational and hope to help people learn how to think their way through a trade, from planning to execution. MARKET STRUCTURE (Daily Chart) The market has been trapped beneath 4327 for quite some time and have, thus far, respected a high and a low of the range. Recent consolidation in the range during the last leg down has formed a small supply zone which could prevent prices from revising the high in the current structure. On the bullish side of the coin, a demand zone dating back to the front side of the trend has been propping up prices. Over the last several days this demand zone has been successful in holding up the current price action, forming a reliable support in which to day trade from. PRICE CAN ONLY DO ONE OF TWO THINGS No need to overcomplicate the analysis at this stage. We just need to recognize that it can only do one of two things. I can respect support and move up or it can violate it and move down. So far we have seen consolidation on support and no real burst of aggression from buyers, making one wonder if there are enough buyers to hold off the sellers at this level. It's important not to predict but one could make the argument that fighting for position at this level is worthwhile, whether bullish or bearish. My thoughts are that, based on this chart and information, it is too early to execute a trade and pick a side. I'm rather conservative in these scenarios and would prefer to see additional confirmation of a side beginning to dominate the other. IDENTIFYING THE OPPORTUNITY ZONES A couple of parallel channels set to the recent highs and lows of this consolidation makes for an easy way to identify zones of opportunity and further develop trading plans. I say "plans" because I am planning for both bearish and bullish movements for a swing trade as well as interactions with these levels for day trading opportunities. It is prudent to react to what the market is doing rather than trying to impose our individual will upon it. If it goes up, we trade up. If it goes down, we trade down. No reason to overcomplicate things. At this stage we are simply looking for price to show us a sign of some form between the pair of orange lines at the top or bottom with no real preference. In lower time frames this could be useful for day trading and overnight trading setups. We are also looking for price to make it's move to the top or bottom side of the extremes, preferably with rising volume, spiking ATR, or a retest of that support or resistance level without breaking it. HUNTING FOR A TRIGGER These are some examples of potential setups and triggers on the hourly chart. Of course this is not an exhaustive list of possibilities but just an idea of some things we might see again at these extremes if the market were to continue to bounce around in this range. Our plan, should the market stay inside of this range, is simply buy low, sell high or short high and cover low. IT WILL BREAK OUT.... Eventually. When it does we should be looking at our volume, oscillators, ATR, or whatever your favorite flavor of confirmation is. Personally, I watch the ATR, RSI, and price action. I want to see a retest of old resistance become support or old support become resistance. When that happens, I look for my entry, trigger, and targets. DIRECTIONAL BIAS - STICK A FORK IN IT Now I'm ready to pick a side to lean toward. Team Bulls or Team Bears? In my opinion there is no finer tool in all of technical analysis for establishing directional bias and studying the geometry of the market than the Andrews Pitchfork. In the above picture we can see that the market has very clearly respected the top and center of the pitchfork. Based upon that, I would expect the market to continue to respect these levels until proven otherwise. BEARISH TRADE PLAN Our two parallel channels from the daily chart conveniently bracket the low of a recent swing in the market and intersect with the upper boundary of the pitchfork. If the market is kind to me, I'll get a nice trigger or bearish pattern at or near this area. From there, trade management would be relatively simple. Target the recent low and potentially beyond or exit the trade should the market fail to hold a down trending structure. My first price target would be the recent lows and the second price target would be the centerline of the pitchfork. My thesis of a bearish move in the market is due to several factors: 1) There is a prevailing down trend prior to this range forming. 2) The market has shown weakness when approaching the upper extreme 3) The economic data continues to be unimpressive and talk of recession is rising 4) The geometry of the pitchfork has been respected and it is pointing down 5) Recent surging volume led to increasing prices, but prices have failed to break higher with any significant follow-through. In my opinion this shows weakness in the market. BULLISH TRADE PLAN Sometimes we just do not get the market or analysis right. Sometimes we do everything right and the market does what it wants anyway. It's important to understand that our analysis does not control the markets and therefore we need a backup plan. I see two possible scenarios based upon the data we have on this chart. 1) Prices pullback to the bullish opportunity zone and respect / confirm support and proceed upward 2) Prices move up from current levels and break out of this geometry of the market, push through the center of our parallel channels, and test the upper extreme. In either scenario I would need a very clear trigger and indication of buying pressure. I personally feel as though this would be counter to the dominant trend and has a bit lower probability of success than our bearish theory. We can, however, make money on a bullish move and should be prepared to do so if the market dictates that prices should move up from here. Surging volume on support recently gives indication that there could be strong buying pressure at the recent lows and that sellers might not have the power to push through the area. Joining these buyers could lead to entry early in a trend reversal, if even in the short or intermediate term. CONCLUSION Hopefully you enjoyed this read and my take on the current SP500 chart. I also hope that you find value in this post. Please remember that this is not financial or trading advice but rather an attempt at sharing my thought process with the community. Good luck with your trading!
CME_MINI:ES1!
by TradingTacticsPro
1
Where to place your STP LOSS is important & can be misleading Choosing your STP loss determines your risk, and is essential part of executing your trade. On this trade analysis, we are looking at ticker F (Ford Motors) using the weekly (W) chart as the active chart, the price is selling off & coming into a Demand Zone (DZ). This DZ is also the last higher Low HL of the long-term (M) monthly uptrend. my trading strategy; makes perfect sense of placing LNG entry, at this level. Order entered & waiting like a snipper in the DZ, surly enough the price penetrates into the DZ & the LNG order is executed at $12.90, now where to place your STP LOSS, meaning at which point do you determine the trade has gone against you & you need to exit & cut your losses short. There are many strategies for placing your stop loss, some of the common ones, are placing the stop loss below the DZ, some other strategies offer a margin as a buffer, for example if price violates the DZ by lets say 0.50 points, am out & the STP Loss is triggered. the stop loss placement strategy that i used in this trade required a close of a candle stick below the DZ, few days after, once that occurred I executed you my STP loss, and was out at 11.30 points loss, so 1.60 loss per share. that is within my Risk to Reward ratio Now, the trade was still a loss, yet it was not a bust; simply because I anticipated this risk within expected range of my trade plan. in other words, I followed my trading plan & rules; that really matters. Following a trading plan is how novice traders become trading sharks. Obviously it hurts the ego to witness price rallies to $15 and above; shortly after closing below the DZ & triggering my stop-loss; but thats life, you can't make sense of it all, the best we can do is learn how to navigate it. *Active Chart (W) *Long-term chart (M) *Enter timing chart (D)
NYSE:FLong
by greatful-me
#SPX - Market Update 7-7-22SPX Broke through the 3870 at open for a nice move and continued to melt up into our 3900 Target by close. This is a bigger momentum level here and top of the double bottom move off 3741. You have to keep in mind the market ran over 160 points now in the last three days and coming into weeks close. If 3900 doesn't hold early on we can see a quicker pullback to 3870. I would keep trades quicker for now until we get a better tell on direction. We have Non Farm Payrolls and Unemployment numbers tomorrow morning which will be a catalyst. With a bad reaction 3838 is possible. In different types of markets, you have to adjust goals based on current market conditions In an easy market you can maximize gains - In a hard market you can protect capital - 3. Choppy market you can take quicker wins, build up your account. Learn to change the way you think and you'll be able to trade thru any market Emotions can be a liability to a trading account. Stay calm and remain objective on each trade otherwise you may fail to see consistency..
SP:SPX
by MoneyFlow_Options_Community
Risk to Reward ratio is the QUEEN - Number two reason to tradeWhen i want to take a trade, I look for ODD ENHANCERS, the more odd Enhancers I have the more likely the market will turn in my favour. One of the most important Odd Enhancers is proper Risk to Reward ratio. Rs/Rw means how much am willing to risk if the trade goes against me, divided by how much Reward is trade gives if it is profitable. A properly weighted Rs/Rw ratio yield a factor of 4 to 5. In this trade on QSR traded on the NASDAQ, am risking a little over a dollar for a reward of four dollars & much more if the new formed downtrend continues. now, we got the Rs/Rw ratio out of the way of teachings. why would i Enter this trade. If Risk to Reward is the Queen then identifying the Trend is KING. You must of heard people say, trade the trend, swim with the current not against it & you flow. - first step Identify the Trend on any longer term chart. (there are many techniques for this) - Second step trade the trend corrections on the Short term chart (this is the chart I use to identify my ENTR price & my STP losses) This is it! identify the trend on the bigger picture & look for opportunities to join. In this Trade. according to my Trend identification technique, I observed the Week (W) long term trend to turn into a downtrend after it broke the last LH of the previous week uptrend. now the trend is down. am looking to short. I ENT my SHRT at 59.80 with a tight STP above 61.03 my risk is tolerable when compared to my Reward if the downtrend was to continue. well, it is struggling. my trigger STP was triggered & am out. simple as that. I will take my small loss & walk away holding my head high in respect for my trading plan that does not work all the time but works enough that i can make a living doing this.
NYSE:QSRShort
by greatful-me