WyckoffTrader-AMTurn-07192024
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)
Stocks showed a lack of direction in early trading on Thursday before coming under considerable selling pressure over the course of the session. With the downward move, the Nasdaq and the S&P 500 added to the steep losses posted in the previous session. The averages finished in negative territory.
Yesterday's Technical Review using
WB's Emini Clock and Wyckoff's Tape Reading Principles
I was all rocking in the free wrold. With Kid Rock American Bad ass. I was going to say those cheese heads really know how to rock. However, I just found out that Lou Dobbs just died. All the great ones are gone. He spoke the truth. His mike will be missed.
Did you see that volume today? Twice the amount. Is it a selling climax? Will today be the secondary test? Yesterday had all the traders on both sides. Hank had all his red madions all in a row. It started off tame and ended up buck wild.
If you were waiting for all the stars to align up, you just waited till 10:30 am to 10:31 am where price gave up 7 handles on 22K lots. It's hard to wait. I get it. If you missed it then 10:55 am on the rallies from the current low. Perhas just add on.
That would have fliped the day from S1H to S1L for sure. Once we lost the close and low of the previous day, it was over. Price just cuts through all those pretty little levels like butter. All those madions all in a row.
On a S1 day there are no turns just odds and probabilities. So, your odds are a weak low on the close. Well not weak that's Daltons Market Profile. Just a lower low perhaps intra day low of the day on the last hour or close.
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)
As a seasoned eMini futures trader, I would look for the best time to enter and exit trades based on market analysis and patterns.
For entry, I would have waited for the volume to pick up and for a clear direction to emerge. Specifically, I would have looked for a selling climax around 10:30-10:31 am, where price gave up 7 handles on 22K lots. This would have been a good opportunity to enter a short position. Alternatively, I would have considered entering a long position at 10:55 am on the rallies from the current low, perhaps adding on to an existing position.
For exit, I would have looked for a weak low on the close, which is more likely to occur on a S1 day. This would have been indicated by a lower intra-day low of the day on the last hour or close. Additionally, I would have paid attention to the market profile and odds and probabilities to make an informed decision.
It's important to note that these are just guidelines and that actual trading decisions should be based on a comprehensive analysis of the market. Additionally, risk management should always be a top priority, and stops should be set to limit potential losses.
And they want Sydney / AI robots for politicians. Can you not see she does not really understand. If she did she would have said S1L day. She just tokonizes everything and spits it back at you. The pigs are on the airstrip. Soon pigs will start to fly… (subsuite pigs for ?)
With that started here are the "PROSE and THE NUMBAHS"
good morning today is SERIES S2L IFFY with the spill up.
News: No news of note . 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 5600 handle and holding.
Today: See Actonable Trade Plan above.
Bulls Want: 13, 21, 28
Bears Want: 89, 74, 65
Globex: 39 handle trading range on 208 K volume.
Cycle Bias: Favored to the bull.
Tone: VIX trading at 16.28
Shape of the day: Strong trend day either way.
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. OUT
Tuna (30m 1+D) Started taking some off durring rally. OUT
Sardine (5M-1D) Did not see an edge. OUT.
Pre Opening: Holdling the 5600 handle with eyes on GLOBEX high of 5664 handle.
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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