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CME Long Good Risk reward to a good company SL pink line. Blue green TP at 2/3 and let 1/3 run Insider bought around this price Date Filed Reporting Name Relationship Trans. Date Shares Price $ Total Value $ 29 Mar 2023 SHEPARD WILLIAM R Director 28 Mar 2023 195 186.45 36,337 29 Mar 2023 SHEPARD WILLIAM R Director 27 Mar 2023 298 185.32 55,194 29 Mar 2023 SHEPARD WILLIAM R Director 27 Mar 2023 13 185.32 2,433 20 Jan 2023 SHEPARD WILLIAM R Director 18 Jan 2023 55 175.98 9,651 20 Jan 2023 SHEPARD WILLIAM R Director 18 Jan 2023 1,244 175.98 218,905 20 Jan 2023 SHEPARD WILLIAM R Director 28 Dec 2022 13 168.11 2,145 20 Jan 2023 SHEPARD WILLIAM R Director 28 Dec 2022 289 168.11 48,646 05 Dec 2022 TIERNEY ROBERT J JR Director 02 Dec 2022 1,500 176.55 264,825 08 Nov 2022 SHEPARD WILLIAM R Director 04 Nov 2022 40,000 170.00 6,800,000 08 Nov 2022 SHEPARD WILLIAM R Director 04 Nov 2022 8,645 170.00 1,469,636 08 Nov 2021 DUFFY TERRENCE A Chairman and CEO 05 Nov 2021 400 222.02 88,806 05 Nov 2021 DUFFY TERRENCE A Chairman and CEO 04 Nov 2021 200 220.21 44,042 05 Nov 2021 DUFFY TERRENCE A Chairman and CEO 04 Nov 2021 100 220.21 22,021 05 Nov 2021 DUFFY TERRENCE A Chairman and CEO 04 Nov 2021 100 220.20 22,020 05 Nov 2021 DUFFY TERRENCE A Chairman and CEO 04 Nov 2021 300 220.21 66,062 05 Nov 2021 DUFFY TERRENCE A Chairman and CEO 04 Nov 2021 600 220.26 132,153 05 Nov 2021 DUFFY TERRENCE A Chairman and CEO 04 Nov 2021 300 220.13 66,039 12 Jun 2020 SHEPARD WILLIAM R Director 11 Jun 2020 1,229 178.10 218,885 04 Jun 2020 SHEPARD WILLIAM R Director 02 Jun 2020 771 178.10 137,315
NASDAQ:CME
by Coconut_Khoo
Why S and R works so good - Spring & Upthrust WyckoffWelcome Traders to a new Educational Posts. Today we will have a deeper look at Support and Resistance. One of the most popular chart techniques out there, but the question?! Do they really work? Absolutely YES. But probably not like most of the traders think they do. That simple Break and Retest Strategy. NOOO! I would like to introduce you to the extended version of Support Resistance. The Wyckoff Spring and Upthrust. Wyckoff Spring and Upthrust In other words they are simply the Fake Outs at Support and Resistance Levels. The idea behind it is to get an entry exactly there where most of the trader will put their SL. -> WHY?! because of the LIQUIDITY The whole market is based on Liquidity (Supply Demand). The bigger fish will always win. Those who have the bigger amount will always dominate here. Just FACTS . So how do you want to position yourself in the market. Exactly there were 95% of the Retail Traders will put there SL? Or do you want to change your perception on how you view the market. This will completely change your view on the Forex Market. Supply Demand What I also do is I use my own style of Supply Demand to identify exactly those areas where most of the trader will put there SL and I will place exactly my Entry there with a very tight SL to get bigger Risk Reward. Of course I will not have that much of valid entries for my setups as they do not occur as often as Support Resistance Setups but the Total Risk Reward is a complete new Level. WHY? Example Upthrust Because you are rocking the market with the market movers. You are always clearing with these entries both sides. #1 Sellers at Resistance because of Upthrust #2 Breakout Trader(buy) because of Upthrust Sell is the right decision in this case but most of the Traders will lose that Trade due to SL hit. Everybody is placing the Entry and SL different but the majority is losing this trade. Spring Example This was the bigger manipulation as the price did a strong move to the downside through the level of Support. This level was a very interesting level for Retail Traders to buy. Doji occured for Price Action Confirmation but the price dropped down to the level of Demand. Why? -> Liquidity. All SL were located there so Market Movers had there buy limit order placed exactly there. Conclusion With this Post I do not want to judge Retail Traders using Support Resistance. Maybe you found a nice Strategy with that and you are profitable. I am also using Support Resistance but simply in a different way as you can see. I just wanted to share with you my thoughts behind Support Resistance and how I use them to be profitable Please leave a LIKE if you found this Post useful and share your thoughts below!
Education
by DariusFxTrading
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