Futures Trading

Futures Trading

More Example - Day 4

2022/10/23  

Russel 30 min - Interpretation   The Russel has been trading below both moving averages, that indicate the bearish market. Recently, it broke out to downside from the balance, and it snapped back to the upside.  That is a great reversal and turning bullish.  You can look to go long in 1 min chart. Gold 30 min Chart Interpretation   The market was below two moving averages, that indicated a bearish market.  It reached the 30 min chart resistance area, where you could go short on flip on 1 min chart.   Volume Expansion at the Resistance Trend begins with ...

Futures Trading

Exhaustion Reaction at the Support and Resistance

2022/10/23  

Which Wave Are You In The Market Cycle? It is so important to know where you are in the market cycle.  Are you in wave 1, wave 2 or wave 3? If you are trading wave 1, you can go for a big move.  However, if the market cycle in  wave 3, you can do only scalping. Multiple Time-Frame Alignment Identify the resistance and support in larger time frame such as 30 min chart to trade 1 min chart.  It is one of the most important factor in success in trading. Support levels in confluence with 1 min chart + ...

Futures Trading

Trade with 1-2-3 Waves and No Waves

2022/10/22    

The locations are among the most important in trading.  The significant locations include: VWAP including 1sigma, 2simma 200 EMA Fib retracement The previous day's High, Low, Close The Current Day's High, Low However, you can improve the odds of success by counting the waves.  Typically after 1-2-3 formation, it is more likely (not 100%) that the market would turn around at least for a short term. Wave 1-2-3 with Different Location Example Nasdaq 1 min Chart After the market trades +2sigma area, it dipped to +1sigma after wave 2. Even though +1sigma could be a good support area, it is ...

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