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US WALL ST 30

US30USD YM1! DOW 2022 MAY 16 WeekUS30USD YM1! DOW 2022 MAY 16 Week Last week scenario1 breakdown finally happened.Friday market tested breakdown area 32167 Play scenarios mapped out: 1) Test and reject 32167 for short opportunity 2) Test and reject 32554 for short opporutnity Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34027 33066 32554 32492 32167 Weekly: Ave vol down bar close above middle = minor strength Daily: Low vol down bar closing off high = weakness H4: Low vol up bar close off high = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
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 - PRE NY SESSION ANALYSIS - 05122022US30 - PRE NY SESSION ANALYSIS - 05122022 At the time of this post price is currently around 31600 and appears to be running out of gas. During Asian and London session price has continued to push down. US - PPI news at 8:30AM EST so we will see what effect this has. Currently I don't see any entry for my edge, there may be some short-term countertrend buy opportunities but I am not targeting those. I am going to wait for price to pull back up to previous levels of structure, aligning with support/resistance levels, supply/demand zones, and fib levels while price is exhibiting signs of exhaustion/reversal to get back in on another sell order to continue riding the downward wave. Have a great trading day and see you after NY session today!
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 - 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
US30USD YM1! DOW 2022 MAY 08 Week US30USD YM1! DOW 2022 MAY 08 Week Last week, previous demand at 32427-32167 returned to support the market, so we have scenario 3 where market returned to test the recent 2 highs. Market is now again approaching 32427-32167. Again wait for price reaction to this level. Play scenarios mapped out: 1) Scenario 1 extension toward 32167-32427 region for a breakdown 2) Market rotates between 34027 and 32167-32427 Price reaction levels Short on Test and Reject | Long on Test and Accept 36446 35750 35330 34945 34027 33066 32492 32167 Weekly: Average vol wide spread down bar close of low = strength Daily: Ave volume down bar closing above mid of bar but off high = minor strenth H4: Ultra high vol down bar closing off high followed by average volume up bar closing off high = weakness Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677
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