Oct 18 - Futures Trading

2022-10-19

Overall Market

The market traded above both moving averages.

Buy at support using 1 min chart.

The support would be

Gold has been bearish trading below red moving average.

It looks like the red moving average is the resistance.

The market did not reach the red moving average intraday.

The market is bearish, blue moving average trading below red moving average all day long

Even though 30 min chart shows the bullish bias, it traded below VWAP all day long.

The places to go long were

Gold market was bearish on 30 min

The good places to go short were

The crude is bearish on 30 min chart

Good places to go short on 1 min chart were

200 ema was not good area to go short. If you combine it with clear intraday resistance would work well.

Mistake - I went long Gold even though it was bearish.

Don't do counter trend trades for now.

If the market won't go in my direction in 5 min or so, just get out. Especially Nasdaq

: Futures Trading

More Example - Day 4

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

Oct 20, 2022 - Future Trading

Nasdaq Nasdaq 30 min Nasdaq rolled over to downside overnight and it was trading below 50ema by the opening. 50ema also started to decline. Most of the day, the market was trading between 50ema and 200ma. You can go long or short on this condition. It is overall bullish and bearish for a short term. Nasdaq 1 min Trade the extreme levels! Around 11am, there was 61% Fib retracement to upside. The market was rolling down on 30 min chart, so it is good to go short on a rally to extremes. Go short on a good looking flip ...

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Exhaustion Reaction at the Support and Resistance

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 + ...

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Oct 17 Futures Trading

Overall Condition １）Nasdaq Nasdaq101722 on Oct 17 The Nasdaq 30 min chart shows it is bullish. It is above both moving averages. Find the support and enter the market on the flip. ２）Crude Oil Crude oil is bearish on 30 min chart. You could go short when it rallies back to the resistance areas, such as moving averages, VWAP+2sigma, or Fib 50%+. ３）Gold The gold market is slightly bearish and looks choppy. You can go short or long. Since it is choppy, Fib retracement won't work. Look for the retracement to moving averages or VWAP. Today's Trade Nasdaq ...

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Trade with 1-2-3 Waves and No Waves

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 ...