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YM1! trade ideas

E-MINI DOW JONES FUTURES (YM1!), H1 Potential for Bullish RiseType : Bullish Rise Resistance : 32508 Pivot: 31698 Support : 31008 Preferred Case: On the H1, price is moving above the ichimoku cloud and is moving along ascending trendline which supports our bullish bias that price will rise to the pivot at 31698 where the swing high resistance, 161.8% fibonacci extension and 61.8% fibonacci retracement are. Once we have upside confirmation, we would expect bullish momentum to carry price to 1st resistance at 32508 in line with pullback resistance, 61.8% fibonacci projection and 78.6% fibonacci retracement . Alternative scenario: Alternatively, price could drop to 1st support at 31008 in line with the pullback support and 38.2% fibonacci retracement . Fundamentals: No major news
CBOT_MINI:YM1!Long
by Genesiv
Dow Jones Potential bullish rise | 27th June 2022On the H4, with price breaking the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 31528 where the 50% Fibonacci retracement is to our 1st resistance at 32622 in line with the horizontal pullback resistance and 78.6% Fibonacci retracement. Alternatively, price may break structure and head for 2nd support where the horizontal pullback support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Long
by Rockqet
1
US30USD YM1! DOW 2022 JUNE 27 Week US30USD YM1! DOW 2022 JUNE 27 Week Scenario2 channel & 29639 support provided long opportunity last week. Daily TF cautioned of possible trap for long. If Weekly TF reveral pattern is to exert influence, would prefer then a long on retracement when price finds support at lower levels. Possible scenarios: 1) Channel resistance + test of previous breakdown area - will short if resisted 2) test of 30683 / 30100 and if supported = long. Price reaction levels Short on Test and Reject | Long on Test and Accept 32563 31299 30999 30157 29639 26212 Weekly: Ave vol up bar close at high = minor strength (and reversal pattern) Daily: Low vol up bar close at high = Caution, may be trap for long H4: Ave 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
DOW - YM Ketchup28.2K and 24K await... it's simply a matter of time. Industrials for the Post Industrial Co-Dependent Economy are being Sold as if there is no tomorrow... Nothing like a solid lift to re-enter the Trend, which is Down. Counter-Trends are nasty Bed Fellows. 3M, Dow, and a great many of the glory days Equities are being dumped on the heads of Ma n' Pa. Dividend-paying Junk Co frankly makes sense for them... for now. CD Rates did not decline in the most recent TNX Pullback. Banks are now more hated than ever. Brokers are in the lead, though as Passives are frankly the new Index Funds of the early 2000s - CLick this and that, whammy, Ron Burgundy would be proud. Stay Classy INDU. Stay Classy.
CBOT_MINI:YM1!
by HK_L61
DJI Short Setup & Measured Move to ~32kDow Jones Industrial Average is overbought. I can tell without using RSI or any other momentum indicator. Thus, we have our short setup for this week. The ellipses point towards a very steep angle down, which could serve as a prime example for how far it can move vertically downward on peak selling. This can be very useful when measuring subsequent projected moves for future shorting and could offer some valuable insight into what kind of Elliott Wave correction might be forming on the monthly chart. I'm already long DIA Puts held over the weekend, but Ill be adding to these two specific strikes/expirations if there's any sort of opening pullback upward. See below for details: Contract 1 - Long DIA Put (1/3rd Total Position) - 342 Strike, 1/28 Expiration Contract 2 - Long DIA Put (2/3rd Total Position) - 340 Strike, 2/4 Expiration For those new to my options plays, I only list the speculative long positions that I have and not the short call positions that I intend to open because most do not have access to such methods. I will be shorting the calls two bucks above the open for 1/28 exp. Anywho, the elliptical geometry seems to be leaning towards an incredible 5000 point measured move down vector that will likely start and end in the same trading day! Unless that triggers a circuit breaker on an equivalent move down in SPX, itll be an all time record for sure. -Ellipti-Pig DJ:DJI SP:SPX CURRENCYCOM:US30 CURRENCYCOM:US500 AMEX:DIA AMEX:SPY
CBOT_MINI:YM1!Short
by UnknownUnicorn5511258
5
DJI Potential bearish drop | 24 June 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 30795 where the horizontal pullback resistance is to our 1st support at 29748 in line with the horizontal swing low support. Alternatively, price may head for 2nd resistance where the horizontal pullback resistance and 50% Fibonacci retracement is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Short
by Rockqet
1
DJI Potential bearish drop | 23rd June 2022On the H4, with price moving below the ichimoku cloud, we have a bearish bias that price will rise from our 1st resistance at 30795 where the horizontal pullback resistance is to our 1st support at 29748 in line with the horizontal swing low support. Alternatively, price may head for 2nd resistance where the horizontal pullback resistance and 50% Fibonacci retracement is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Short
by Rockqet
Dow Jones potential for a drop! | 22nd June 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 29748 where the 127.2% Fibonacci extension is to our 1st resistance at 30795 in line with the horizontal pullback support. Alternatively, price may break structure and head for 2nd support where the 161.8% Fibonacci extension is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Long
by Rockqet
2 Steps in Drawing a Downtrend Channel A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel trendline Rule 1 – First the downtrend line Rule 2 – Then, its parallel Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CBOT_MINI:MYM1!Education
by konhow
39
DJI potential for rise! | 21st June 2022On the H4, with price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise from our 1st support at 29748 where the 127.2% Fibonacci extension is to our 1st resistance at 30795 in line with the horizontal pullback support. Alternatively, price may break structure and head for 2nd support where the 161.8% Fibonacci extension is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CBOT_MINI:YM1!Long
by Rockqet
Showcase: Trading the e-mini Dow Jones (YM) 22-06-201. Did a long trade (paper trading) on e-mini Dow Jones. 2. Reason for the long trade: a) Price do a higher lower; a UT bar appears but the next bar overtake the UT. b) Volume is supporting the upward move. c) Strong support level at 29910 range. 3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is revised upwards to minimise the losses and eventually lock-in the profit. 4. Price eventually do a pullback after breaking the recent Resistance (29966 range); our SL got hit and we exited with a realised profit of 24pts. 5. Price may move upwards from hereon; it is OK to exit with a small profit rather than be ambitious.
CBOT_MINI:YM1!Long
by mdalifalwi
We can't go anywhere without the DOWI was a bullish hopeful at the start of the week...I was thinking we would fill the 4K gap on the ES and then just go. Instead we spent 4 days closing below this figure. Yes, we closed the week above it and kept the lagging span just above the cloud but we cannot go anywhere with the DOW and this chart says it all. Neckline is clearly broken. Now, I do think we could have a minor rally to end May with a possible green monthly candle. The charts are clearly broken and will have limited re-tracements IMO. The NQ & RTY are in bear markets, enough said there. Sell the rip....
CBOT_MINI:YM1!Short
by Vixtine
3
US30USD YM1! DOW 2022 JUNE 20 Week US30USD YM1! DOW 2022 JUNE 20 Week Last week shorts reigned. The week ended with demand coming in to support the market. We may see long opportunity near 29639 temporarily. Else, wait for price reaction to 29639. Possible scenarios considered are: 1) 29639 support fail for short continuation 2) Channel and 29639 support: Return of demand for temporary long opportunity 3) If market retrace on low volume to higher levels and is rejected = short Price reaction levels Short on Test and Reject | Long on Test and Accept 32563 31299 30999 30157 29639 26212 Weekly: High vol wide spread down bar close off low = demand has come in. Daily: High vol down bar, narrower spread and closing off low = strength - demand has come in H4: Last 2 bars combined = UHV down bar closing in middle = Demand present Remember to like and follow if you find this useful. Have a profitable week ahead.
CBOT_MINI:YM1!
by paradox677