WyckoffTrader-AMTurn-07162024
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 closed on a firm note on Monday with two of the three major indices moving on to record fresh highs, thanks to strong buying at several counters from across various sectors. Optimism about interest rate cuts by the Fed, and rising prospects of former President Donald Trump winning.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
Regarding the events of the weekend and talk from Monday (in chat):
"Wyckoff Trader :(11:14:47 AM) : I'm very concerned about the state of our current reality the female mental energy has been hijacked by media; folks do not form their own conclusion; they are given their talking points by the media (that's the male energy) Simply put, it's the female mental energy that conceives the idea; the male mental energy implements the idea. Folks should form their notions and not take the opinions given to them by the media/talking points."
Enough said. You might want to read the side bar.
Wyckoff Trader :(11:17:00 AM) : Hank are you saying be are relying on the retail boys to take this higher And I thought the party was just getting started. ( you might want to read the time stamp)
That about sums up the day.
And what happend shortly there after? Price takes a dip…
HL Camp :(11:32:11 AM) : Keith retail customers do not have much firepower to move the ES. Retail brokers like MSCO, SBSH, and JPMS do. And when your long position is based on them buying more and more, you know you have a problem.
as one firm, today and running Algo 25 CDEL, can blow the shit out of those village idiots.
Spoken from a trader. You really need to read that sidebar on page one.
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 fascinating conversation! As a seasoned eMini futures trader, I'd like to analyze the situation and provide my insights.
Based on the conversation, it seems that Wyckoff Trader and HL Camp were discussing the market's behavior and the potential impact of retail traders on the ES (E-mini S&P 500) futures contract. Wyckoff Trader was concerned about the market's reliance on retail traders to drive prices higher, while HL Camp emphasized the limited firepower of retail customers and the potential for a large firm to manipulate the market.
Given this context, I would argue that the best time to have put a trade would have been around 11:14 AM, when Wyckoff Trader expressed his concerns about the market's reliance on retail traders. This was a critical moment, as it highlighted the potential for a reversal in the market's trend.
As for the exit, I would recommend exiting the trade around 11:32 AM, when HL Camp's comment about the limited firepower of retail customers and the potential for a large firm to manipulate the market was made. This comment seemed to be a warning sign that the market's trend might be about to reverse, and it would have been wise to take profits or cut losses at this point.
In hindsight, it appears that the market did indeed take a dip shortly after 11:32 AM, which supports the idea that HL Camp's comment was a turning point in the market's behavior.
Now think about this. She read the same thing you read. You should really start to be getting scared. Especially when pigs start to fly… (subsuite pigs for ?)
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S3L IFFY with the spill up.
News: Retail Sales at 8:30, Business Inventories & Housing Market Index at 10:00, 4-Week Bill Announcement & 8-Week Bill Announcement & 4-Month Bill Announcement at 11:00, Adriana Kugler Speaks at 2:45. All times EST.
Last Night: See Actionalble Trade Plan above.
Edge: It's a jump ball day. My lean is to the up side.
7/8/9 AM: Price has been negoating the 5690 handle seeing some supply.
Today: See Actonable Trade Plan above.
Bulls Want: 96, 07, 18
Bears Want: 81, 72, 64
Globex: 21 handle trading range on 108 K volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 12.90
Shape of the day: Rope follow expansion. Need a surgons scaple to trade it.
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. OUT
Tuna (30m 1+D) Started taking some off durring rally. OUT
Sardine (5M-1D) Did not see an edge. OUT.
Pre Opening: Within a millisecond, price droped down to the 73 and then sprung back up to the 95 and holding.
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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