WyckoffTrader-AMTurn-06122024
YES. I have skin in the game. I trade my own personal account. Sardine / Tuna / Billfish trades are for educational purposes only. I am NOT a futures broker and do not manage any accounts. It is my intent to show where trades may occur. What you do is up to you. You can follow my IDEAS to profit or loss. You determine trade size, when, where and how you trade. (CFTC) Futures is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest, know how much you can afford to lose.
NEWS / FUNDAMENTALS
(Reuters)
The major U.S. stock indexes all moved to the downside in early trading on Tuesday but turned mixed over the course of the session. While the Nasdaq and the S&P 500 recovered from the early weakness to reach new record closing highs, the narrower Dow climbed off its worst levels.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
1,701 issues and counting. Today, I had a matter of heart to deal with. Water damages caused me to escoliate the mood to start moving on with Monm's stuff. She had a lot of items that were charged with that best of the best of time energy. Once that water damaged the item, the energy left.
I found a tape measure of my father of one of his friends. He was a pilot who as a crop duster got his plane hung up in some highline wires. Long story is it did not end well for him. He lost his mind and comitted sucide. And that was the best of times. So I admire any folks who hang in there as the hirling in the last hour of the dense realiety.
I felt the market was going to dip and take it back up as it did. Price is waitng on the FED to decide which was is up. Just looking at the market that best treade would have been around 9:45 when the price diped and the volume spiked. Lots of 25K whould have been the tell as price quickly retraced it's loss.
You could have added starting at 11:43 am up to 1:02 pm as 11L lots lifted the offer on to higher highs. The ideal would have been to hold it till the close. Today, you got one by ones and two by tow's at two.
Wyckoff Trader,
P.S. If you've read this analysis, you might be curious when the best time to consider a position: (Sydneys / AI Read)
I'll provide my analysis as a seasoned trader. Please note that past performance is not a guarantee of future results, and trading carries inherent risks.
Based on the text, it seems that the author is a seasoned trader who had a day trade in the eMini futures market. They mention that the market was waiting for the FED's decision, which would impact the market direction.
From the text, it appears that the author believes the best time to enter a trade would have been around 9:45 AM when the price dipped and volume spiked. This is because the price quickly retraced its loss, indicating a potential reversal.
The author also mentions that starting from 11:43 AM to 1:02 PM, 11L lots lifted the offer to higher highs, making it an ideal time to hold the trade until the close.
In hindsight, the author suggests that the best trade would have been to hold the trade until the close, potentially resulting in a profitable trade.
As a seasoned trader, I would agree with the author's assessment. The market was indeed waiting for the FED's decision, which would impact the market direction. The dip in price around 9:45 AM, followed by a spike in volume, could have been a good entry point for a day trade.
However, it's essential to note that trading is a high-risk activity, and even with a good entry point, there are no guarantees of success. It's crucial to have a solid trading plan, risk management strategies, and a deep understanding of the market dynamics.
In conclusion, based on the author's analysis, the best time to enter a trade in the eMini futures market would have been around 9:45 AM, followed by holding the trade until the close. However, it's essential to remember that trading carries inherent risks, and even with a good entry point, there are no guarantees of success.
Additionally, it is important to keep in mind that the market can change quickly and what was a good trade opportunity at one point may no longer be valid at another. It is essential to use risk management techniques such as stop losses and position sizing to protect your capital.
Not sure Sydney gets the full grasp of what is going on but you be the judge. Before you assign any intelligence it's important to understand that she just tokenizes ever word and then just reassembles the words based upon likehood of order. She can't tell the difference from the previous day to today? Can you? You really want to bet all your chips on the promose of AI?
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S1H with the spill down.
News: CPI at 8:30, EIA Petroleum Status Report at 10:30, 4-Month Bill Auction at 11:30, FOMC Announcement & Treasury Statement
at 2:00, Fed Chair Press Conference at 2:30. All times EST.
Last Night: See Actionalble Trade Plan above.
Edge: No number today, traders are waiting on the FED Wednesday.
7/8/9 AM: Traders are trying to hold the 86 handle.
Today: See Actonable Trade Plan above.
Bulls Want: 09, 20, 38
Bears Want: 77, 65, 52
Globex: 13 handle trading range on 98 K volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 13.06
Shape of the day: Odds and probibilites
Honing: Spill odds down, loupie loop, LAST HOUR ODDS HIGH
Bill Fish (4H/4D) Started taking some off durring rally. LONG
Tuna (30m 1+D) Started taking some off durring rally. LONG
Sardine (5M-1D) Stayed out all day. Out at close. OUT.
Pre Opening: Withing two minutes price taged the exact Monthly R1 Pivot and then started to trade back down.
The clock is used for timing your entries and exits. Position long at the lows exit at the highs. Get short at the highs buy in at the lows. When the trend is in, WB's clock is your friend!
Your edge is a series of trades, not just one trade or one day.
Dates: March 25 Worm Moon 3:00 a.m. Spring Equinox March 20 5:24 pm (all times est)
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