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UDF1! trade ideas

Triple Screen Time Frame Analysis StrategyI am still trying to perfect my day trading strategy and am making this post for me to better understand all the moving parts of what it is I am trying to accomplish. I will use three time frames Weekly (Major Trend Direction) 4 Hour (Structure/Key Levels) 15 Minute (Lower Time Frame Entry) On the weekly time frame, I will mark January 1st 2024 to December 31st 2024 for the entire trading year. I will then mark the price the year opened at with a teal line. This is the open of the 12 month candle. I will then open up the ATR indicator to gauge the average weekly movements using the 14 period I then switch to the 1 period to see each individual weekly range. I can see that the 1 period ATR on average is roughly 1,400 ticks from high to low. Seeing how the 14 period's average is roughly 1,200 as well, I can say on average a given week should have roughly 1,200-1,400 ticks of movement from high to low. The weekly trend is bullish and trending higher in a spike and channel. Out of the last 31 weekly candles since the start of the move up, only 11 candles were of any bearishness. That is only 35% of all selected candles. The other 20 were bullish or a whopping 65%. The 4 hour time frame is for the structure and key levels. Over the course of this year there has been ample buy opportunities followed by selling spikes into the uptrend. A massive "W" is forming On the 15 minute, if I can align myself with the bigger move and limit myself to one trade a day, if it presents itself, with my 3:1 ratio, then my win% shall increase. I don't care how much further price went without me, as long as I hit my 3R target, that is all I care about. My personal goal is a 40% win rate with my 3R system.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
2
Market Crash - Dow Weakness and Ascending WedgeHere with yet another ascending wedge. The dow recently went on a huge run, I believe 8 green days in a row or something close to that. It topped out near ATH and nearly retested it's ascending channel before becoming extremely weak. It has now breached several support levels and has failed on retests while forming an ascending wedge and closing below on Friday. I expect a gap down on Monday and further downside throughout the week.
CBOT_MINI:YM1!Short
by AdvancedPlays
How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session. I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades. Still, both were tradable and produced some good scalps although the action had to be recognised early. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
2
Dow Jones 2024 Daily Chart Spike and Channel Buy Setup 42,000 I made a post yesterday about the rest of 2024 and I have more updated information. This is what I will be playing going forward. A buy set up in a spike and channel with the target of 42,000 by year end. The teal line is the open of the 2024 yearly candle Prices below the teal line is the bottom wick There will be one more lower high and another pullback into the rectangle box I have set before the climb to 42,000 I am anticipating the buy in August That will close the year around a 13% gain from high to low or 4,800 ticks. I have my buy set at 38,774 Stop below the middle line on range box at 38,134 (650 ticks) Target at 42,000 area for (3,400 ticks) Around a 5 to 1 on the daily chart
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
1
Using Multi-Timeframe analysis for a major WinnerMulti-timeframe analysis is a key techniques for prepping a market prior to a trading session. The first thing to do before trading is to understand the major moves and longer term price action. This enables us to get on the right side of a sessions move and avoid a lot of the chop. We take a look at the DOW from the previous trading session and talk through the 30 min timeframe and why it was so important for the 500 pt rally into the close. I talk through the key price action, the trap of shorts before the big move up and why we needed to be on the long side of the action. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
Dow Jones Weekly Bull Flag PatternThere is a lot to take in on this chart. How do I start to explain what it is that I am seeing? The dark green line is the monthly major movement and the black path line is the 4 hour movement in between that major movements. Price is being contained inside of a MAJOR bull flag pattern that will take MONTHS to resolve itself. Using the concept of thirds of that major move from November 2023, I firmly believe price will return to the halfway point, which is also the top of the peak of that July-October pullback from 2023. The ramped volume that is sitting just above the 0.66 or bottom 1/3 is a dead giveaway that price will return and take that out. The small range created just slightly above the 0.50 mark is also a dead giveaway that that price will be taken, along with the fact that the purple box Low that broke structure is suspended above the 0.50 line as well. These are all clues that price WILL be returning to these locations. Finally, the space between those recent double top highs and the 1 full range expansion of the July-October pullback is a dead giveaway that price will return to those highs and take them. This will mean that the high will break and more All-time highs will be made to continue the bullish trend up until 2033. On a zoomed-out view of the bull flag, a measured move of the November run will take price up to the 44,000 area Of course I am not a genie that can predict prices, I am merely trying to follow the bull trend higher and to me, this is what I am seeing. Please comment below on your thoughts as I am highly interested in sharing feedback. I have no problem putting my ego aside and admitting I am wrong. This is one trait I do not have issues with as I am wrong quite often with a 40% win rate.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Dow Jones (US30):🔴Is it bearish..?!🔴Hello trader By examining Dow Jones on the weekly and 4-hour chart we can figure out the chart is bearish and there is sell-side liquidity that can be defined as targets for smart money. In this chart, the price failed to create an all-time high and dropped, the price made the bearish breaker and respected it and shifted the market structure. Now we can see the bearish order block with bearish FVG that makes an important resistance, If the price reaches this zone we can look for a sell position in a lower time frame. 💡Wait for the update! 🗓️27/05/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
CBOT_MINI:YM1!Short
by VahidTradingCR
1
Dow Jones Weekly Template of May 27th BullishMonday has just shown its hand to me on what the week will bring. This week will be a bullish expansion candle. Whether or not it will be a small, medium or large is still up in the air. The average weekly candle's range is 900 ticks. I believe that Monday is the low and will be bullish all week. This pattern right here on a Monday is the textbook play of a bullish week. Price bounces around under the weekly open price and towards the end of the day blasts higher. Tuesday will then continue higher Here is a weekly template with the Monday pattern
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
1
Market Maker Weekly Doji Templates (Outstanding 33% Chance)Going through this set of data since late 2021 or 140 weekly candles, I have discovered that an astounding number of weeks are of the Doji type ( 1 Out of 3 ) My previous post was about pin hammer bars and they represent 17% of all weekly candles. Between dojis and pin hammers, that is equal to 50% of all weekly candles. The other 50% of candles represent expansion bars (small, medium, and large) In most cases on a doji week, what ever price the week opens with, price will tend to go back and forth around that price for either a high of week sell or low of week buy. If this short week is indeed a doji, then it should rotate around the week's opening price of 39,160 And, since most weekly doji candles are roughly 350-600 ticks from the high to low, then that will be a good spot to look for reversals. I won't know how this week unfolds until it unfolds, I can only watch and react accordingly.
CBOT_MINI:MYM1!
by Dow_Jones_Maestro
Market Maker Bull Hammer Weekly TemplateThe following template for a bull hammer weekly candle is as follows. Monday goes sideways. Mark off the high and low of Monday Tuesday is a complete down day Wednesday and Thursday form the mid week reversal Thursday and Friday close out the week at the highs Another thing I have noticed is that this type of weekly candle happened only 16 times since 2020 and 9/10 they occurred around a news event like FOMC,NFP, and CPI and/or a holiday. 4th of July happened 2 times in a row, New Years, and Easter. I will need to back test more on the bearish side of the coin to test more data
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
6