This should be self explanatory A nice short signal at about 7:30 PST
And to put things in perspective we review today' price action in the Dow Cash as follows (using a chart with 15 minute candles) First, price...
This interesting exercise for those who are following along with the use of the $DJX (Dow Cash) chart. As you know, we put in support &...
A couple of comments quickly First I notice that readers have given this thread the max amount of stars. To me that means people believe there...
I noticed this thread and wanted to comment I got a job executing at a small private group in UK. I found the job through a friend who told me...
Its 9:21am PST and we are about to test the S2 at 895.25 If price takes out this price point our next important obstacle would be 893.25 which...
and at about 8:50am PST we get our test of 899.25. and a failure and breakdown. At this point we would hold looking for a test of S2 at 895 or...
Here is another item of info that could help traders Regarding MACD, I was taught to use it to provide entry and exit during an established...
This is the futures chart that goes to the previous post As can be seen in the chart we have multiple signals (confluence) from the Dow Cash...
Looking at the Cash Dow again we see that it tests another of our support and resistance lines at 7:00am PST Looking at the futures chart we...
To enter the short we watch the futures chart ESM9 and we see that it tests the Value Area High at 913.50, hitting it briefly. Our resting order...
Okay its a new day Tues 12 May We start by reviewing the longer term data which indicates that we are still in an uptrend however we are at...
Our final comment for today is about managing the trade(s) One nice feature about using the Dow Cash is that you can monitor the movement and...
For this chart we show the intraday low at 905.75 and the test low at 906 (next candle) Followed by an up candle and a retest down When...
On that same chart price hit an intraday low at 6:50am PST If you were running both this and the Dow Cash chart side by side you would see the...
Translating price action from the Dow Cash ($DJX) chart to the ES contract is not particularly difficult. The operative concept is to watch for...
Once you orient yourself to the market on the longer term, you assume that the odds favor one side more than the other. In this case we...
Finally we look a little bit closer using 5 minute candles. Here we can see price consolidating intraday. This chart could be used to make...
And here we zero in a bit closer to the intraday action where we can see consolidation happening on the 15 minute timeframe
On a 60 minute time frame, I have added support and resistance lines. As you can imagine this is a less objective but no less important part...
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