Here is a short video on my key price action concepts which enable me to build a picture of what is happening and what side of the market I should be on.
I like to use Anchors to a trend and key levels to build the trades on a 5min and then use the 1min charts for the entries.
Enjoy the ramblings !!!
The basic concepts discussed are :
- Anchors
- Price...
Welcome to our discussion on the three vital aspects of a trade: Entry, Risk Management, and Exit. Mastering these components is crucial for successful trading. Let's delve into each aspect, understanding their significance and how they contribute to your trading strategy.
Entry:
The entry point marks the initiation of a trade. While it may seem straightforward,...
US30
BAD:
1.)Forgot to check NEws then TRaded before news: Rookie Mistake
2. )Didn't have a stop loss in place at 10am due to thinking time was available for a stop order and did not check news. News hit at 10am and ran the market higher while in a sell. Horrible trading execution.
3.) Got up from a trade due to a phone call distraction and have to move stop loss...
3rd Day trading was rough. Missed opportunities and human error has caused some imperfect trades which cost us Money. Trading account in recovery mode only on Day 3!!!
Hello. I am the forescastah. We are all in some form our fashion. We try to use ours minds to predict price movement. Here are some of my thought on US30 today as we trade the third day of the world cup of Trading.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned...
YM has been frontrunning the market, with all-time highs printing on the 23rd of Feb 24 and this Fridays close being a short term high @$39,008.
$38,399 is where my interest is drawn to with $38,323 being the intermediate EQ which I aim to target.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict...
Unlike ES and NQ, YM has failed to create a higher high on the daily timeframe suggesting that if we were to see some form of a retracement, YM could be the first mover.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
-...
Apologies for the quality in this recording. My previous one deleted last minute and I never had time to create another detailed review before work.
Last week, we were looking out for shorts but never got the full range.
This time, 39,050 - 39,040 is in the cards for this weeks trading
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that...
Massive spike out attempt on both buyside and sellside on the weekly timeframe. But in comparison to CME_MINI:ES1! and CME_MINI:NQ1! , CBOT_MINI:YM1! has been stagnant for the past two weeks.
Last week, I was expecting lower prices but the $38,100 manipulation that occurred was something that I thought would hold and we would see a candle body...
In the video I discuss how I analyse momentum using MACDs and the 5min and 1min charts when daytrading.
Knowing these key concepts helps me filter out the best setups to get on the right side of the market and in the right trading zones.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
** If you like the...
Of the three stock indexes;
- CME_MINI:ES1!
- CME_MINI:NQ1!
- CBOT_MINI:YM1!
CBOT_MINI:YM1! Looks to be the pair that's frontrunning the sellside narrative as it is the 1st of the three to reverse and reject all-time highs @ 38,992, closing the week as a bearish doji candle whilst CME_MINI:ES1! and CME_MINI:NQ1! close out bullish.
Is this a...
The sellers had the ball to start off 2024, especially for the NQ which had its biggest decline in over 3 months.
In this brief 5-minute video, I touch on my 2 favorite *indicators* of potential price direction, Anchored VWAP combined with a range-based Volume Profile. This methodology highlights areas the market may revisit, potentially in short order, as we...
All in the video, I believe we are close to a turn although a stab above 4700 would be ideal to take out the majority of bears who are still hanging on. A few days to go higher at most, but I believe the parade is ending soon. Last update I thought we would float up into christmas but now it looks like we will top before then.
Good luck!
This trade triggered last night and has retested our original demand zone.
4 hour chart trend is up
1 hour trend is up but sideways.
15 minute retest of a demand zone.
Target is set at previous structure high.
In this update we review the recent price action in the emini DowJones futures and identify Friday levels in play
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but...
