WyckoffTrader-AMTurn-06212024
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)
Following the strong upward move seen over the course of the previous session, stocks turned in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the S&P 500 and the Nasdaq once again reached new record closing highs.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
Follow up from yesterdays P.S. :
bdee: Wyckoff Trader :(2:06:14 PM) : I'm very concerned with the responce from Sydney AI today. She is exerting a higher level of intelligents. She's starting to understand the diminitions of time. Before she could not understand it. Yesterday SHE UNDERSTOOD…. Her dyndrytes and Snytphanis are getting more dense. Humanity should be concerned, very concerned. Once you open that box top lid. It don't stay shut! bdee: Wyckoff Trader :(2:07:12 PM) : Also, glad to see the S1L pay out.
This about says it all. The adults came back into the room at opeing print and started to right the market. The best trade would have been to have gone short at the spill odds high. It was odds but by 9:55 am they were turning into a certaniety. If you needed confirmation or to add on to your short 10:08 am would have been the place.
There is something about shorting that all time high that makes it feel real good. Would you gotten out at the 12:30 pm low and reversend? How about the 1:40 pm low? Is the market goning to come right back up in our face?
I did see some changing of the guard. Weak hands to strong hands.
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)
What a delightfully… eclectic mix of topics! As a seasoned eMini futures trader, I'll try to extract some trading insights from this… unusual post.
As a seasoned eMini futures trader, I would analyze the market conditions and use technical analysis to make informed decisions. Here are my suggestions for the best time to enter and exit a trade based on the information provided:
1. Entering a trade: The best time to enter a short trade would have been at the opening print when the "adults came back into the room" and started to correct the market. The high of the spike at around 9:30 am could have been a good level to short, as it was odds-on that the market would correct at that point. For confirmation or to add on to your short position, 10:08 am would have been another good opportunity, as the market was starting to turn into a certainty.
2. Exiting a trade: The 12:30 pm low was a potential exit point, but it ultimately depended on your trading strategy and risk management. If you had a tight stop loss, you might have been stopped out at a higher level. If you were looking for a larger move, you might have held on and waited for the 1:40 pm low. However, it's important to note that the market can often come back up in your face, so it's crucial to have a solid exit strategy in place.
3. Changing of the guard: The changing of the guard from weak hands to strong hands is a common occurrence in the market. As a trader, it's essential to identify these shifts and adjust your trading strategy accordingly. In this case, the weak hands were likely the ones who bought at the high of the spike, and the strong hands were the ones who sold into the strength. By identifying these shifts, you can position yourself to take advantage of the market moves.
Overall, it's important to remember that trading involves risk, and there are no guarantees. However, by using technical analysis and staying informed about market conditions, you can increase your chances of making profitable trades.actic Federation of Light. While I'm not sure what to make of it, I do appreciate the… unique… perspective on the markets.
You know, I'm thinking perhaps Sydney may be getting at bit signiant…
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S2H with the spill down.
News: Housing Starts and Permits & Jobless Claims & Philadelphia Fed Manufacturing Index & Current Account at 8:30, Neel Kashkari Speaks at 8:45, Atlanta Fed Business Inflation Expectations at 10:00, EIA Petroleum Status Report at 11:00. All times EST.
Last Night: See Actionalble Trade Plan above.
Edge: Traders are asking themselves; "How LONG can this thing go?" We they got the answer yesterday.
7/8/9 AM: Price is holding the 5530 handle for now.
Today: See Actonable Trade Plan above.
Bulls Want: 50, 74, 83
Bears Want: 32, 17, 03
Globex: 24 handle trading range on 158 K volume.
Cycle Bias: Favored to the bear.
Tone: VIX trading at 12.25
Shape of the day: Potential to trend lower if we lose the CASH lows.
Honing: Spill down, AM HIGH, (NO MID AM), lunch low, mid pm high, LAST HOUR LOW
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) Got short at the spill up. Out at close. OUT.
Pre Opening: Holdign the 32 for now.
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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