M2K1! trade ideas
RTY Daily Range Looking For Long IdeaThe RTY daily time frame is in a large sideways
movement. The market hit resistance price point
2302.4 and is now falling towards support price
point 2113.3. It will be a good idea to look for a
bullish U-turn the closer the market gets to
the daily support price point 2113.3.
I plan on turning to the one hour time frame
and looking for a bullish trend to form near the
daily support.
RTY- the downtrend goes on.I do not barely ever hold position when Friday close over weekend. But this time I did this and I also even added to my position close to close Friday. So I carry quite big position. I do this because all my technical analyse tell me market makes big down move on futures open. I admit I won't this weekend because always there is chance I to be wrong. But it works out. I sell half my big position at 2200 and now I have for sure a big profit. As big as usual month for me. For the trade detail see link below.
Happy trading!
Ms Bunny 💕
Short Russell! Heck pick anything and short itMarkets look weak looking everywhere. I don't know in deep about markets and economics. But my tecnical analyse I know very good. And everywhere I see is weak technicals.
Volumes are weak
Trends are down
Rallys are weak
Dips are strong
Upper wicks are long
Vix are low
So right here I take a short on RTY. And we see how today is to go.
I still be in my gold trade from last idea. I will get stopped out though very soon. But I already make great money on gold. Now moving it into the index.
Thanks for following me and reading me.
Ms. Bunny
RTY daily chartJust a daily chart with fib levels off the most recent high and low along with stochastic rsi. I feel more bearish but I also see the support just over 2200 so I'm waiting for another top to get short. Also watching the 4 hour chart and see a downtrend line which is about at 2235 area so I expect some trouble there. Might be a good test short.
Markets are weak. I sold RTYI sold Russell at 2248. The markets look real weak, more than I see in just a few years. My friend HK_L61 has real good material on her page. check it out. So smart and has so much information.
My opinion, if RTY and more specific M2KZ2021 break below 2213-2215 then markets headed for real big problems. And big profit for me. Of course use good risk management and stop loss. Inflation still concerning in spite for today's news. See how Fed reacts.
My dynamic MA moving down. I will get a entry trigger this hour, so I decide to get head start, with safety. volatility maybe to get very crazy. Buying VIX maybe not a bad idea either.
support for sell:
dynamic moving average falling.
Price repeated rejecting by 20 MA.
Daily trend down, and I see good reason we will just about make a lower low on daily. If so, watch out below!
yesterday lowest volume on 3 month period on Russell.
RTY: One Hour time frame BullishThe RTY one hour time frame is in an up channel.
The market hit the bottom of the channel and
showing signs of pushing bullish towards the top
of the channel.
Entry: Counter trend line break bullish above
the bottom of the channel.
STOP: 2201.8
LIMIT: 2325.00
As long as the market stays above the bottom of
the channel. It will be a good idea to turn to the
five minute time frame and to look for tunnel
trader long / destination trader long opportunities.
Long RUSSELL with Short Term UPTRENDTrend is up on the 4h chart and we are looking for entry before close to the swing low at the bottom of the first blue box.
Drumming down to the 15 minute chart it is evident there has been an accumulation close to the pivot before the impulsive move (big green candles) that created the new swing low.
Looking to buy at the BUY AREA with a Stop Loss set below this area should the trade fail, possibly marking a change of trend direction on the 4h chart.
The only concern is that the Daily trend is more sideways and therefore profit potential is limited and probability of success slightly lowered. This said it is still a great short term trade opportunity.
RTY looking a little shortI have decided to go short on RTY here at 2271. Today might be the day for the big drop, but it do not have to be today. I think we are due for the fall. Volume has been low and my dynamic moving average is starting to curl down. This often is a meaning of volatility going to increase which VIX is showing to already. We have been ranging and I have a tight bollinger. My signal hasnt gone off yet but it will soon even if RTY goes up a bit. Good luck to all!
Ms. Bunny
RTY - Russell 2000 a consistent Sell @ HighsIndependent Producers are being systematically crushed, slowly being
wiped off the Competition Map.
The Map itself is on a well defined Roll Up.
Wreck them, collect them.
Master of the obvious type stuff I know but many seem to cling to their
hopes.
The RUT has a large composition of Mixed Bags to hold.
Weightings:
Consumer Discretionary @ 13.1%
Financials @ 15.1%
Health Care @ 21..11%
Industrials @ 15.35%
Information Technology @ 14.13%
Communications, Consumer Staples, Energy, Basic Materials, Utilities,
Telecoms and Real Estate make up the balance.
A horizontally opposed group of Sectors... On the surface of it, many
would argue it is a balanced Index.
It is certainly not, it is a place where Wall Street Parks $ during periods
of indecision as it is a "Safe Place" for BlackRock and Vanguard to defend
positions.... there are 2,000, but a very few are needed based upon
the Sector weightings.
Total Volatility is Highest for the RTY relative to the ES YM NQ (NQ Being 2nd in VX).
___________________________________________________________________
We anticipate a run back up to the Top of the Range @ 2335, our last sell for
a great many handles due South.
RTY and what I learn from my brotherI have not posted in few weeks and why is because I have working on new strategy. Everything I know of trading I learn from my brother honestly. He is the best trader I know and smartest person I know. He mentors me with trading. Much more in the past than now because I am a much better trader now. But he still helps me. He bankrolled my first trading account with 25000 USD and when I make this back I try and pay him back but he said keep it. Wow! I'm lucky. He is incredible with computers and he is a person that big companies hire to try and break in to their computers system and he finds the holes and weakness. (He got into a bit of teenage trouble for this, but he is very good man, now especially). He is also on tradingview but that is where I will leave it. Then he builds algorhythms that seal up the flaws. I don't pretend to understand. He also codes for trading strategies and I have the advantage of getting them no cost. but I digress. LOL
So I notice that after 6 months that my returns start to fade some. This is despite me not changing anything about my strategy. So I seek my brothers advice. I ask him if this is statistically significant or not. He did some analysis and said yes this is real and significant. When your strategy becomes less profitable the market has adjusted to your strategy and it is time to make some adjustments. He said he would give me the strategy he is using now, but I said nope let me figure this out. So I get to work and I come up with a strategy that uses a moving average, RSI and ADX/DI. No shapes or wedges, support or drawing. I like this.
I played around with my new strategy and use backtester that my brother uses. I find I can win almost 80% of trades with a risk reward of well over 3:!. I go to him and I say this can't be right. So he analyzed it too and came up with similar numbers. He said now for to forward test it for the real test. So over the past few weeks I did this and so did my brother. These are the results.
PuckBunny
total trades 72
wins 55
losses 17
win percentage 76%
reward to risk ratio: 3.53:1
Sortino ratio of 2.03
Brother Puckbunny
total trades 84
wins 69
losses 15
win percentage 82%
Reward to risk: 3.22:1
Sortino ratio 2.41
So of course he always beats me and I ask him how. he said he adjusted my moving average to change to longer or shorter depending on volatility. Thus more trades, more win percentage and more money. He gave me the indicator he built for this and make it dummy (me) proof by showing the sells and buys on chart.
An interesting part of this strategy is that the risk is quite large. In fact, in some trades the risk is 4 times more than potential reward. The thinking is that based on chance alone the price is much more likely to hit target than be stopped out. Add to this a directional bias and you have a winning strategy. the big risk is the opposite of what most of us were teach. However, he has built a safety being that he adjusts the stop in kind of a reverse trailing stop loss, based on how much below entry price is and volatility. So this big risk is rarely realized.
So I have been using this strategy for 1 week and I take 7 trades and win them all. Now this is my first one to post. You can see details on chart.
RTY long 2272 (you can see buy signal on chart)
stop loss 2166 (I know right?)
Let's see how this goes.
Tutorial | How To Use RSI To Find Turning Points ... or NOT!Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the @TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend.
I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :)
RSI Settings for this video
5 Period
Upper 88
Lower 12
RTY +479 Ticks BullishThe RTY one hour time frame is in a large side
ways movement. The market hit the bottom of
the sideways range and broke the short term
down trend line. The market is now in the buy
zone at a high price.
Entry: Counter trend line break bullish in the
buy zone.
STOP: 2085.1
LIMIT: 2325.00
As long as the market stays above the bottom of
the range. It will be a good idea to turn to the
five minute time frame and to look for tunnel
trader long / destination trader long opportunities.