Dow Jones Monday Gap and Rally Long Trade EntryI am going for a gap up and rally idea. Extremely bullish bias. I am already triggered in Long at 45,252
stop is 75 ticks
target is 180 ticks
This is my one trade for the day.
Same idea as Sunday May 11th where it too gapped up at the open over 1% and right into 250 for the rally all day
Toda
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Range Bound Low of Day Buy (If Presented)Price is mean reverting around 45,000 and also mean reverting around today's open. I will be waiting for a mean reversion play under the low of day targeting the high of day.
I will be waiting for a small entry candle, a small doji. I did not take this first run up because the entry vs stop would
Today is the dayI found a "reaper" block today.
Were Bullish.
The Rejection block is measured from High to Low.
Tp to 1 Standard deviation.
Price knocks out buyers back into reaper FVG.
Price enters zone on top of a 1hr Orderblock at 10am.
A reaper is a Fair value gap in a discount of the impulsive price leg o
Monday and Tuesday Going To Be Down/Doji Resting Days Avoid!!Based on my intuition, Monday and Tuesday look to be avoided. Small, Doji days that will chop around on top of Monthly open and slightly under Thursday's Low. I will wait until Wednesday to look for the buy low day to take out Friday, Monday, Tuesday.
I bet price will open slightly down with a gap
Monday Down Day (Want to Sell High on the Daily Wick)If Monday will be a down day, your best bet would be to finesse an entry ABOVE the open to form the Daily candle's upper wick. I would not sell anywhere else other than ABOVE. Look for a double top formation. It all depends on how the day sets up.
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Frequently Asked Questions
The nearest expiration date for E-mini Dow Jones Industrial Average Index Futures (Dec 2019) is Dec 20, 2019.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini Dow Jones Industrial Average Index Futures (Dec 2019) before Dec 20, 2019.