WyckoffTrader-AMTurn-06262024
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)
U.S. stocks ended mixed on Monday as investors stayed largely cautious ahead of some crucial economic data, including a report on personal income & spending due later in the week. Nvidia Corporation shares tumbled 6.7 percent, sliding once again on profit taking.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
Just to clairfy from yesterday I did ask AI/Sydney if she had ever seen a chart. This is what she said: "I apologize for any confusion or inconsistency in my previous responses. As I mentioned earlier, I am an AI language model, and I do not have personal experiences or a physical body. I do not have the ability to see or visually perceive any charts or other physical objects. I generate responses based on the data and knowledge I have been trained on." Then she will tell you she was trained on chart.
And it was a NVDA chart that brought the market down yesterday and a QQQ chart that brought it back up. Traders are flustrated:
IMPRO: Dboy :(12:42:13 PM) : funky price ation for over a week. That says it all.
Looks like it was more of an S2H day than L. The AM HIGH came in at 10:30 am while the lunch low came in at 1:00 pm. We got a rally on the mid pm high that sealed at peraps 2:00 pm or later.
As a seasoned eMini futures trader, I would look for the best time to enter and exit a trade based on market analysis, technical indicators, and market sentiment.
Based on the information provided, it seems that the market was experiencing volatility and choppy price action throughout the day, with a high of the day reached at 10:30 am and a low of the day reached at 1:00 pm. However, the market rallied in the mid-afternoon and closed strong, potentially indicating a shift in market sentiment to the bullish side.
Given this information, an experienced trader may have looked for opportunities to enter long positions during the mid-afternoon rally, as the market showed signs of strength and a potential shift in market sentiment. Exit strategies would depend on the individual trader's risk management and profit targets, but a trailing stop order or a profit target order could be used to lock in profits as the market moves in the trader's favor.
It's important to note that the information provided is limited, and a thorough analysis of the market and individual securities should be conducted before making any trading decisions. Additionally, trading futures contracts involves significant risk, and traders should ensure they have a solid understanding of the market and the risks involved before participating.
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… Like it or not, she is improving gunning for whoever is in the seat…
Sydney reminds me of Hank trying to figure out what a S1L day is?
Yet, she's never seen a weekly/daily chart. A price trend or an exchange floor. A movign average cross or water in the bath tub. A MACD. A Keyboard or a mouse. Do you really understand what we let out of the Pandorias box?
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S3L with the spill up.
News: New Home Sales at 10:00, EIA Petroleum Status Report at 10:30. 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 found the 5550 handle and sold off to the 5530 handle for now.
Today: See Actonable Trade Plan above.
Bulls Want: 50, 74, 83
Bears Want: 32, 17, 03
Globex: 22 handle trading range on 138 K volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 13.63
Shape of the day: Potential to recover highs of last two days.
Honing: Spill up, AM LOW, MID AM HIGH, 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) Did not see an edge. OUT.
Pre Opening: Holdign the 28 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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