$DIA is at resistance here - Bear call spreads to close week?The DOW is right at resistance here - I'm looking at bear call spreads to close the week here...
DIA trade ideas
DIA Long Term Plan Secular Bull Trend 370-1500 (2009-2040)After that little fake out above 41,000 and the sell off back to 38,000 on Futures, it made me question the validity of the bull move that I had mapped out. Now I am firmly convinced that what I had planned was what was happening all along. I realized that I can't hold this move with Futures as it is too volatile in my portfolio.
1 MYM Futures = $1100 margin
1 YM Futures = $11,000 margin
1 DIA = $400 share
$200 share with margin
I will allocate 40% of my portfolio with DIA shares and the remainder 60% will Daytrade YM Futures, as that is my true specialty.
My Day Trading stats are 40-45%-win rate, around 42% most times, with 2.6 to 1 risk reward.
I will only be looking for Buy setups Daytrading
November 2025 with that spike down to 370 or 37,000 on Futures, I Will be exiting my position before then to evade that dump.
I will then be adding back to my portfolio at 370 for the move up to 1500 or 150,000 on Futures.
DIA
After absorbing all the liquidity in the form of imbalances (you can find this idea in my profile), I noticed a potential opportunity for a long position on a local timeframe. I’ll set a small stop-loss and allocate 1% of my deposit to this trade since minute timeframes aren't very accurate and can easily trigger the stop-loss.
Day Trading Bought Nifty around 24400.Trail sl hit!-9th Aug ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:16 for Hindi Audio)
-No trades in second half
-Good Volumes in the morning before 10
-Bought Nifty around 24400.Trail sl hit!
DIAAfter liquidity was taken out at the purchase and a new asset high was reached, a short-term revaluation of the asset is expected following the bullish rally. This rally left behind a lot of unfilled liquidity and a fair value gap, which I have noted on the chart. However, I won't rush to open a short position since there is no precise entry point yet, and the MACD hasn't significantly heated up on the daily timeframe. Conversely, on the 4-hour local timeframe, it is very overheated, causing many to open short positions now, which will likely be closed by stop losses before the price moves in our desired direction. But these are just assumptions, as anything is possible in the market!
In any case, I intend to open a short position via a limit order with an opening price around 403.00 - 405.00, and then I will add to the position from the order block that will hopefully form.
It's important to note that my idea is not a call to open a trade but merely a recommendation. Remember to use only 5% of your deposit per trade and do not risk your entire capital on a single trade. I will keep you updated on the trade and provide further updates.
$DIA Trading Range for Today, August 7th 2024AMEX:DIA Trading Range for Today, August 7th 2024
Today’s implied move is between 384 and 396.
A lot of really important levels to know if today’s trading range. We did bounce on that uptrend support (green dashed line) That we have seen since April… right now we’re fighting to hold the 4hr 200MA and the 50D MA, both important levels
396 top of the trading rang for today and that is within the bear gap from Monday…
GL y’all. I’ll make the video tonight in the old format that includes these in the video!!
$DIA Trading Range for Tuesday August 6thAMEX:DIA Trading Range for Tuesday August 6th
Dang, that is just a beautiful chart. I wish i had time tonight to write more about it because it's a fascinating chart. lots of levels to know going into tomorrow... GL
Bought calls near end of day in $DIAWe closed above daily anchored vwap late on Friday afternoon in AMEX:DIA so I did buy calls with a target towards 404
Will manage the position Monday morning
$DIA Trading Range for Friday, August 2ndIn premarket right now, the Dow is at the bottom of the implied move that we set up last weekend, just above 398. We gapped below the up gap from Thursday of last week going into Friday, creating an island top. We gapped down underneath the one-hour 200 moving average, all the way to the bottom of the implied move.
The last few times we saw a gap completely to the bottom of the implied move, the momentum followed through in that direction, as observed in SPY and QQQ. Here, however, we are at the bottom of the implied move for the week. It will be interesting to see if we can swing back up and at least get into the gap that has supported us all week.
A Simple/Consistent Trading Strategy Using AnchorBars For AllI was talking with a friend today and he stated he just wanted something simple and consistent.
He stated he was using Weekly, Daily, and 30 Min charts to try to confirm his trade setups.
He did not want to swing for trades too often - only when the Weekly, Daily, 30 Min charts aligned.
I've build multiple systems somewhat like the one I'm showing you in this video. The trick to managing this system is to avoid consolidation periods. When price settles into an extended sideways range - you want to cut your trading down to almost NOTHING and wait for a more defined trend.
Here you go. Simple and easy.
If you don't understand AnchorBars, you can learn more on my other TradingView videos.
Go Get Some...
DIA POSSIBLE WAVE E LOW what NEXTThe chart posted is the only Bullish wave structure and it is now labeled if this structure that has formed is correct then we would see a Run above 40k and it would be rather fast . I am watching close best of trades Wavetimer
DIA Trend BreakThis is a pattern on DIA that has been forming since 2022, so I'd expect a big reaction when it breaks either direction. As of now, it has broken below, but it's done that before and recovered so I'll be waiting for more confirmation.
DIA Q2 2024DIA ETF Q2 2024 view with RSI and 200, 100, 50, 20 VWMA indicators.
DIA
UNH
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MSFT
HD
CAT
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MCD
Puts DOWI think the DOW has already peaked out. I'm going to short it with puts on every rally. If tomorrow opens with a gap up I'll buy more.
DIA if today is wave B or 2The chart of the dow jones tracking stock DIA if today lows hold we could then see a run to two targets fist is 393.1 BEAR wave count alt is a rally to .786 where wave A or 1 equal 1.618 at a .786 Reason TLT has now broke above fib res and this should be a positive for the BANKS
DIA support and crossroads ! The chart posted is than of a channel I believe we have been in for some time as well as fib relationship . we are now sitting a channel that should be watched and respected .
I am long calls SPY and now TLT The chart posted is that of the DIA as I have said this chart is and has been very clear in regards to the Pattern forming . In march at the spring Equinox on the 21 we peaked above the bb bands on the monthly and also peaked just under the super cycle channel into the fib projections 39580 to 40480 right in the middle 39880 . So we have a cycle turn that goes back to oct 13 low 2022 this is due may 8 plus or minus 2.2 days . I do NOT see us breaking this channel posted NOT YET .I have posted the pattern to which I see us following .We have had two equal legs up to the tick in the spx 500 cash But the dji has formed something different . I did try to short the other day into 5120 but covered with a minor loss .35 of 1 pct and did go Long calls from 5080 25 % and had to 40 % at 5065 and then to 50 % at 5060 as the math had a target 5059 that held and then broke rather sharp and accelerated at that point sharp .I maintain my 50 % long calls and see the DECLINE still forming a wave abc for WAVE B low we should have a sharp rally in wave C up to 5146. if we break above 5146 we should see a alt min 5196 after this we would see a retest of 5264 and most likely print the final top 5330 . the 5262 peak was a perfect relationship to the 2000 peak and on the GANN day march 21 . Best of trades WAVETIMER
This is why I am taking on long calls the channel The chart posted is in a well defined channel that is parallel we are now retesting it . if we were to Break it . that would be BAD thing . But if we break it and close back above that that would be a GOOD thing .We had the Vix cycle peak come in within 1.5 days of the 4/15/4/17 and we are setting up for Moves in Both directions . Trade it this way
CYCLE LOW 4/15 4/17 golden ratio and spiral f9 4/16The chart is that of the DIA .This chart was telling me that the market was set for the decline right into the VIX cycle PEAK due 4/15/4/17 I have now moved to a bullish view that the first leg down is ending NOW and that Both wave count point to a rally to start from today and I have moved back into a 50 % net long CALLS next cycle turn is may 6th
DIA may experience a significant drop, but it won't be the endStatistically throughout history, on average, stocks drop by at least 10% at least once a year. I believe that moment may have finally arrived for DIA.
SPY - LONG (2 trades)Trying lower timeframes (1h)
First trade -
enter price -387.78
stop loss -385.42
take profit -392.50
DETAILS: the price is in an uptrend inside a tunnel , I decided to enter at the third candle after the touch at the support line of the tunnel and the touch at the strong support area.
The SL is below the ema 200 , the support line of the tunnel and there strong support area .
Second trade -
swing 10 high low strategy
enter price -391.01
stop loss -388.76
take profit -396.40
DETAILS: the price tried to break the swing 10 high (the red line) once and couldn't do it returned back below ( the red candle that I put the ellipse on ,we can see his long wick facing down , it means that there is a strong rejection of the price going down).
at the second time the price have broke the swing 10 high with a big bullish candle (the volume wasn't that strong) , now we have entered the trade.
