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Us30idea

Key levels - US30/Dow JonesThese are some of the levels that I'll be looking at for next week. Initially I would like a drop down to 31750/31500 where I will look for lower time frame accumulation and then look for a long up to 32400 area. Once price reaches 32400 area and clears the liquidity I would like to see some sort of distribution pattern form so I can then look for shorts. We also have a high volume level at 32400 so it will be interesting to see how price reacts there. We are still bearish on the higher time frames and so I need to make sure I get proper confirmation before I enter a long. Trade safely and risk only what you can afford. This is not financial advice and nor am I a financial advisor. Any losses or profits made can not and should not be held liable to me.
OANDA:US30USD
by Turtlesoup_Maestro
US30 : breakout or break down? IntraweekAs I said in previous week’s intraday technical analysis, US30 is going to test the support of 32500 and then reverse the trend, the US30 did tested the support of 32500 on the opening day, it failed to test the support and the downtrend continued with another 100% move towards downside before making any significant pull back. The price took support from 31200 and then reversed the trend. in coming week US30 may test the support of 31200 before making clear trend.the price is expected to take correction from either current level 32100 or from 32400. My idea is still to go short on US30 as soon as the price gets rejection with high volumes. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
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by JBShark
US30 - POST NY SESSION ANALYSIS - 05132022US30 - POST NY SESSION ANALYSIS - 05132022 Price bounced around today, didn't go in the direction of my target. I got stopped out around 32050. A couple hours later I re-entered when price started to show exhaustion around the 32050 level which I was previously stopped out at. This was showing some confluence with the MA 66 as a static resistance on the H1 timeframe, along with exhaustion showing on the lower timeframe; M15, M5. I set my stop clear out of structure at 32150. Initially price went in my direction about 100 points. Then it pushed straight back up to my SL at 32150. Did not re-enter and price has just bounced around from about 32200 to 31900. The weekly candle is closing exhausted bearish, this upcoming week might be a pullback, possibly looking for short term buys. I have entered 1 small re-entry order at 32159 which I'm going to leave thru the weekend with my usual 100 point stop at 32260. Let's see if I get stopped out right at market open or what happens. Time to enjoy my weekend; relax, a little backtesting/wsa video watching/reading, and prepare for a new week :) Have a great weekend!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05132022US30 - PRE NY SESSION ANALYSIS - 05132022 As anticipated, price pushed back up during Asian and London session and is now hanging out around the 32000 level. I have entered a sell position @ approximately 31960 with a 100 point stop which is clearly above previous recent structure lower highs. There is also confluence in this area with the MA 66 acting as a static resistance, the 23.6 fib level, and a random support/resistance level which is also behaving as resistance at this time. I am anticipating for price to drop to retest this week's previous low of approximately 31200 which is my TP. I'll be moving my stops into profit as it starts heading in my direction. If I get stopped out I'll probably call it quits for the week unless I see price pullback to the 38.2 fib level and show signs of exhaustion/reversal to consider a re-entry. No major US news today which is good. Good luck today and see you after NY session this afternoon!
OANDA:US30USDShort
by ryanweier
1
US30 - POST NY SESSION ANALYSIS - 05122022US30 - POST NY SESSION ANALYSIS - 05122022 Nice trading day today locking in about 300 points. Got in at 11AM EST on a 15min exhausted bullish candle with a big wick. Entered approximately 31800 and rode down to 31500. Price has since pushed down further to approximately 31200. Over the next hours of Asian and London session I am looking for price to pullback to approximately this same 31800 - 32000 level. If it does, I will be looking for exhaustion/reversal patterns forming with confluences of being near previous structure highs, fib PRZ levels, and supply/demand areas. By the end of this week, price may potentially drop all the way to the weekly support/resistance level of approximately 30900. Have a good night and see you before NY session tomorrow!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05112022US30 - POST NY SESSION ANALYSIS - 05112022 Now THAT was a trade! After my last post, price DROPPED after the negative US - PPI news. I was in around 32450 and right at 8:30AM she dropped to the floor, at one point going as low as 31800. I secured profits the whole way down starting at 1:3 RRR approximately at 32150. Hit my TP of 32000 Had a trailing stop running, moved it all the way down to 32050 as price was around 31900. Price came back and stopped me out shortly after NY market open @ 9:30AM I was away from my station but in retrospect, price went back up around my previous entry point and exhibited beautiful exhaustion along with a double top around this 32500 level roughly. Anyone in the market at that time could have gotten a sweet 1:5 - 1:6 RRR trade. Awesome trading day, completely satisfied with my gains! Let's see if we have a fresh high probability opportunity tomorrow morning :) Have a great night!
OANDA:US30USDShort
by ryanweier
1
US30 - PRE NY SESSION ANALYSIS - 05112022US30 - PRE NY SESSION ANALYSIS - 05112022 Price has pushed back up to approximately 32450 level over last few hours. Although US Core PPI data is due now at 8:30AM EST, I have still entered a few positions around this 32450 level as the last couple of hour candles showed some signs of exhaustion near the 23.6 fib level and a previous structure lower high. I am targeting 32000, a level which was touched yesterday. If I'm stopped out at 32555 then I will be monitoring price to see if it exhibits exhaustion at higher structure levels near the 38.2 fib around 32700 See you after NY session today! Happy Hunting!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05102022US30 - PRE NY SESSION ANALYSIS - 05102022 Price dropped a bit and pulled back during Asian and early NY session. It did not pull back to the zone that I was hoping for which would have lined up with a weekly SR level and 38.2 fib but it has pulled back to the 23.6 fib level which aligns with the structure highs formed over the last few hours. I have entered a short position around 32513 targeting previous structure low of 32080 My stop is approximately at 32620 approximately 100 points above my entry and also above the same structure highs formed over the last few hours at this 23.6 fib level. I will be trailing my stop by approximately 100 points once the trade passes 150-200 points profit. No major news today which is great. Let's see how this plays out :)
OANDA:US30USDShort
by ryanweier
1
US30: Intraday Technical AnalysisUS30 stayed sideways between 32500 and 32300 with false breakout both upside and downside. Today there are a more than three FEDs addresses at different times. My idea is that the US30 will test the supports of 32200 once again and resistance of 32600.My target is entry at 32200 after confirmation of support and my target goal will be 32500 and 32600 for intraday. If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
U
by JBShark
US30 - POST NY SESSION ANALYSIS - 05092022Price just kind of bounced around today around the new structure lows formed over the last day or so. I am looking for price to pull back up a bit to previous structure lower highs in confluence with a supply/demand zone in that same area as well as a weekly support/resistance level and 38.2 fib. Expect price to move sideways during Asian session tonight and hopefully pullback during early London session, exhibit some exhaustion/reversal signs, and then I will get in with approximately 1:6 RRR which is fantastic. I will see you before NY session tomorrow! Goodnight!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05092022US30 - PRE NY SESSION ANALYSIS - 05092022 The bears have continue their push down starting off this new week, getting down into the 32500 range. I anticipate that price will continue to drop as there are no major support levels to hold price up for a good ways. I am looking and waiting for a pullback to previous levels of supply/demand and then exhibit signs of exhaustion and reversal on the lower timeframes up to H1 to consider an sell entry to continue the downward wave. At the time of this writing I don't see that entry opportunity yet but I will have my eye on it. Happy Monday!
OANDA:US30USDShort
by ryanweier
US30 - PRE NY SESSION ANALYSIS - 05062022NFP DAY!!! Since my last post, price has literally just moved sideways. Currently there is very little volume in anticipation of NFP @ 8:30AM EST I don't currently see an entry but I am looking for price to pull back into the 33200-33400 range and exhibit signs of exhaustion/reversal. At that point I will consider and entry but it looks like that is atleast a couple hours away. Also have to take into account that it is Friday and I don't particularly like holding trades over the weekend so I may just sit out today and come back fresh next week unless I see a really good opportunity: 1:3 RRR and SL outside of structure. Let's see what happens today. Watch out for news and Happy Friday!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05052022THE BEARS ARE BACK IN TOWN. After the push up yesterday following Daddy J. Powell's comments, the market (shocker) has corrected itself and continued with the overall bearish directional bias. IMO the comments made yesterday about the "strength" of our current economic and labor situation were simply a distraction from the fact that they announced the largest interest rate increase since the year 2000. Had they not made these comments, the markets would have not only gone up, they would have PLUNGED. So instead we had this dog and pony show of "everything is fine" while the house is burning in the background. That's why initially the market jumped up 1000 points after this "news" but today the real market factors came back into play and here we have the result. All of the 1000 point gain that was realized yesterday has been completely erased and by all of my measures, the bears are still in control here. I anticipate price to hover sideways during Asian and early London session. I will then be looking to get back in somewhere around good ole 33200-33300 level to continue the ride downwards, targeting previous structure lows. Have a good night and see you tomorrow morning!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05042022Well that was a doozy! As anticipated, news threw all technicals out the window and pushed price up over 1000 points in 2 hours at the time of this writing. With this new push up we will see where price goes during Asian and London session but it price forms a support at this new 34000 area then potentially we may be looking at a further push up to retest previous levels of support/resistance heading towards 35000. If not, price may run out of gas in this 34000 area and then look to continue the push down to approximately the 33000 or 32500 levels. Have a good night and see you before NY session tomorrow morning!
OANDA:US30USDShort
by ryanweier
US30 - POST NY SESSION ANALYSIS - 05032022Price today pushed down to around 33000 and kind of just hovered between there and 33300 Ranging market full of indecision pending tomorrow's FOMC Meeting. Keep an eye on the news for interest rate decision and other news that can send this moving. I anticipate price will continue in this range of 33000 - 33300 throughout Asian session and early London session tonight. From there I think the bearish move will continue with news fueling this but we will see. Have a good night!
OANDA:US30USDShort
by ryanweier