WyckoffTrader-AMTurn-06132024
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)
After an early rally on tamer than expected consumer price inflation data, stocks saw some volatility following the Federal Reserve's monetary policy announcement but still managed to end Wednesday's trading mostly higher. The Nasdaq led the charge, surging 264.89 points or 1.5 percent to a new.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
1,702 issues and counting. Gather ye roses while you may where neither moth nor rust doth corrupt, and where thieves do not break through nor steal. That passage did not say anything about water. Ok, the one priceless thing my father had. The one thing that was bubble wrapped / tripple wrapped. The one thing that was protected inside two boxes. The one thing that is over hundred and fifty years old. The one thing my father really loved – IT BROKE!
Not sure if the magic is gone or not. It's amazing how something can have energy from the past and when it gets broke – no energy…
So NASDAQ drove this higher and higher. It is AI? The hope for tomorrow? Living an easy breasy life? Perhaps it was just the gap up after CPI that held. As I stated before I've been seeing buying all along the way. They were buying with both hands. The day was odds and probabilities so it could have gone either way. It went up with a 50 point at the CPI. Sure of course.
After where was price to go but up? A small dip at the open what all the notice you had. The best and only trade was the dip on the open. If you've gotten long on that dip. You would have bailed at 10:30 am.
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 information provided, the best time to have put a trade on the eMini futures market, from the perspective of a seasoned trader for a day trade, would have been during the dip at the open. The trader should have gone long on the dip and then bailed at 10:30 am. This strategy was successful because the trader identified a buying opportunity at the dip, and then exited the position at a profitable level. Additionally, the trader had noticed buying along the way, indicating a bullish trend. The CPI gap up also supported the upward movement. Overall, the trader had to understand the odds and probabilities of the market and had to be quick to react to the market movements.
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.
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S2L with the spill up.
News: Jobless Claims & PPI-Final Demand at 8:30, EIA Natural Gas Report at 10:30. All times EST.
Last Night: See Actionalble Trade Plan above.
Edge: Today might be an inside day.
7/8/9 AM: Traders are trying to hold the 41 handle after failing to take out the CASH HIGH.
Today: See Actonable Trade Plan above.
Bulls Want: 45, 52, 68
Bears Want: 41, 21, 17
Globex: 26 handle trading range on 208 K volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 12.12
Shape of the day: Potential inside day.
Honing: Spill up, AM LOW, (no mid am), lunch high, mid pm low, LAST HOUR 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: Trying to hold the 41 handle on the hgiher highs.
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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