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Attachments: DOW - PA, Stops and hedging
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DOW - PA, Stops and hedging

  • #301
  • May 22, 2024 3:04am May 22, 2024 3:04am
Quoting 2be
{quote} DOW MO Long at 39750 if PA gets there
MO has been cancelled
H4 looks like getting ready for shorting
Make sure losses are small and profits are bigger!
  • #302
  • May 22, 2024 9:22am May 22, 2024 9:22am
Quoting 2be
{quote} MO has been cancelled H4 looks like getting ready for shorting
Making preparation to start shorting DOW
Down from the D pivot
D Pivot 39854
Woody Pivot 39860
M30 ha to come into play, M5 has to come into play
M1 hitting the upper FIB band channel (EMA100 fibs set to 0.70)
waiting patiently , MO set to short 39900 for the first initial short
Make sure losses are small and profits are bigger!
  • #303
  • May 22, 2024 9:31am May 22, 2024 9:31am
Quoting 2be
{quote} Making preparation to start shorting DOW Down from the D pivot D Pivot 39854 Woody Pivot 39860 M30 ha to come into play, M5 has to come into play M1 hitting the upper FIB band channel (EMA100 fibs set to 0.70) waiting patiently , MO set to short 39900 for the first initial short
39875 First initial short
MO in place too
39000 region of the mR1 D - Mid pivot
Make sure losses are small and profits are bigger!
  • #304
  • May 22, 2024 9:34am May 22, 2024 9:34am
Quoting 2be
{quote} 39875 First initial short MO in place too 39000 region of the mR1 D - Mid pivot
39890 Adding to the short
MO Still in place
Make sure losses are small and profits are bigger!
  • #305
  • May 22, 2024 9:36am May 22, 2024 9:36am
Quoting 2be
{quote} 39890 Adding to the short MO Still in place
DOW short adding 39878
MO in place, there might be a goodbye spike up still
M30 is about to come into play
SL on all position 39940 will move soon to BE
Make sure losses are small and profits are bigger!
  • #306
  • May 22, 2024 9:45am May 22, 2024 9:45am
Quoting 2be
{quote} DOW short adding 39878 MO in place, there might be a goodbye spike up still M30 is about to come into play SL on all position 39940 will move soon to BE
MO closed
Make sure losses are small and profits are bigger!
  • #307
  • May 22, 2024 9:58am May 22, 2024 9:58am
Quoting 2be
{quote} MO closed
M15 has created impressive WRB
Moved SL to just above the open of that M15 bar 38885
Make sure losses are small and profits are bigger!
  • #308
  • May 22, 2024 10:04am May 22, 2024 10:04am
Quoting 2be
{quote} M15 has created impressive WRB Moved SL to just above the open of that M15 bar 38885
PS moved to 38870 for all positions
Make sure losses are small and profits are bigger!
  • #309
  • May 22, 2024 10:07am May 22, 2024 10:07am
Quoting 2be
{quote} PS moved to 38870 for all positions
closing all shorts 38858

Possibility of bounce up from D pivot
will establish shorts below the pivot
My added positions were quite heavy, so I took the profits after the first failure to follow the market structure on M1, M5 is trying to get out of play for the shorts. will wait until M5 lines up again
Please remember that trend on M4 is well to the upside, so taking the profits with care and when they are there
Make sure losses are small and profits are bigger!
  • #310
  • Edited 11:24am May 22, 2024 10:28am | Edited 11:24am
Quoting 2be
{quote} closing all shorts 38858 Possibility of bounce up from D pivot will establish shorts below the pivot My added positions were quite heavy, so I took the profits after the first failure to follow the market structure on M1, M5 is trying to get out of play for the shorts. will wait until M5 lines up again Please remember that trend on M4 is well to the upside, so taking the profits with care and when they are there
PA moved too fast to record shorts, have just followed PA and 3 ZZ semafor on M1 when Market structure printed I have explained I use zz semafor in conjunction with market structure, as an easy determination when the previous L (in this case) has been taken, it is not thoughtless and automatic reaction, as explained sometime ago.
I use it as a tool that is a possibly useful description, before someone comes to the conclusion that it is some cat in a black sack, which mysteriously makes profits, or makes me taking trades just because of it.

Taking profits below mS1 D 38805 close to S1 D
PA is getting close to the bottom of EMA100 fib channel
Make sure losses are small and profits are bigger!
  • #311
  • May 22, 2024 10:34am May 22, 2024 10:34am
Quoting 2be
{quote} PA moved too fast to record shorts, have just followed PA and 3 ZZ semafor on M1 when Market structure printed I have explained I use zz semafor in conjuction with market structure, as an easy determination when the previous L (in this case) has been taken Taking profits just below mS1 D 38805 PA is getting close to the bottom of EMA100 fib channel
I am flat, coffee time
Lower than the 5 day average volume, so low participation on this move down
Session candles looking interesting, will post the charts later, atm looks like a 3rd touch of the bottom range, so have to be careful with further shorts
Make sure losses are small and profits are bigger!
  • #312
  • May 22, 2024 11:13am May 22, 2024 11:13am
Quoting 2be
{quote} I am done for a while, its better I go to the garden and look how fast the planted garlic is growing, and radishes too. It is reigning here otherwise I would do some yacht maintenance, antifouling time has come and the lady is on a dry ground, waiting to be titivated.
This is what happens on a day with low participation, of course MM participation is vital as always one never really knows.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 Sessions 2024-05-22_170955.png Size: 52 KB

remain flat for another espresso break
Make sure losses are small and profits are bigger!
  • #313
  • Edited 12:30pm May 22, 2024 12:15pm | Edited 12:30pm
Quoting 2be
{quote} This is what happens on a day with low participation, of course MM participation is vital as always one never really knows. {image} remain flat for another espresso break
Low participation and M5 Pinocchio bar after the Fib EMA channel has been hit, displayed on M1 TF.
I find that channel worth observing and the PA around it, on TFs I use, of course higher TF bigger move is on cards.
This is M1 TF with M-Candles imposed on M1 PA , M-Candles set to 5 on this chart, so be not confused. It is basically two TFs PA displayed on one chart, I find it useful. I use other charting software which also displays zones, and objects drawn on one chart on a particular TF and can display that on all open charts of that same traded instrument, INHO very useful.

The colours of these M-Candles change due to the displayer NYSE session candle.
I have this NYSE session candles displayed on all TF up to and including H1, but M30 TF is the best suited for these Session candles.



Still a bit unfocussed, after the holiday and other important stuff on my head today, but overall a good day.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M1 EMA 100 Fib Channel 2024-05-22_181051.png Size: 75 KB
Make sure losses are small and profits are bigger!
  • #314
  • Edited 2:21pm May 22, 2024 2:06pm | Edited 2:21pm
Quoting 2be
{quote} Low participation and M5 Pinocchio bar after the Fib EMA channel has been hit, displayed on M1 TF. I find that channel worth observing and the PA around it, on TFs I use, of course higher TF bigger move is on cards. This is M1 TF with M-Candles imposed on M1 PA , M-Candles set to 5 on this chart, so be not confused. It is basically two TFs PA displayed on one chart, I find it useful. I use other charting software which also displays zones, and objects drawn on one chart on a particular TF and can display that on all open charts of that same...
A news release inspired move on DOW.
A symmetrical 1 to 1 move down clearly displayed on H4 and on DOW M30 NYSE Session chart
Attached Image (click to enlarge)
Click to Enlarge Name: DOW H4 1 to 1 move down.png Size: 52 KB


Give it some time to return to the H4 trend.

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 Sessions 1 to 1 2024-05-22_201437.png Size: 53 KB

Intersession gap has been filled. No surprising.
Make sure losses are small and profits are bigger!
  • #315
  • May 22, 2024 4:58pm May 22, 2024 4:58pm
Quoting 2be
{quote} A news release inspired move on DOW. A symmetrical 1 to 1 move down clearly displayed on H4 and on DOW M30 NYSE Session chart {image} Give it some time to return to the H4 trend. {image} Intersession gap has been filled. No surprising.
Possible divergence is being printed between PA and Stochastics - this is another very useful application of oscillator - in this case stochastics. I shall see tomorrow this printing progress, bur I am aware of that possibility. There are different types of diversions, this is a common one, and in this case pointing towards continuation of the trend on H4. Obviously there are other things to consider and I shall be looking for confluence.
It will be important what happens tomorrow at London session, before NYSE open, if there will be some gaps, ect
Attached Image (click to enlarge)
Click to Enlarge Name: DOW H4 and H1 Poss Divergence 2024-05-22_224615.png Size: 96 KB



Attached Image (click to enlarge)
Click to Enlarge Name: Ernings 2024-05-22_230007.png Size: 33 KB
Make sure losses are small and profits are bigger!
  • #316
  • Edited 4:16am May 23, 2024 3:25am | Edited 4:16am
Adding long to DOW -Jun 2024 at 39784 (parallel to DOW cash39684)- 3rd lot
DOW long as well at 39684- initial lot
will come back to it in a few hours, the divergence mentioned in the previous point is useful
Make sure losses are small and profits are bigger!
  • #317
  • May 23, 2024 5:03am May 23, 2024 5:03am
Quoting 2be
Adding long to DOW -Jun 2024 at 39784 (parallel to DOW cash39684)- 3rd lot
DOW long as well at 39684- initial lot will come back to it in a few hours, the divergence mentioned in the previous point is useful
Closed DOW long for over 35 points just in case
Make sure losses are small and profits are bigger!
  • #318
  • May 23, 2024 5:43am May 23, 2024 5:43am
Quoting 2be
{quote} Closed DOW long for over 35 points just in case
Still hold DOW JUN2024 longs, might hold it for longer as they do not attract night interest on the leverage
DOW cash was a quick trade b4 NYSE open
It looks like a set up for taking longs, shall see what the data release do and hoe thing align
If there are going to be shorting opportunities, these DOW JUN2024 Longs will act as a hedge
Make sure losses are small and profits are bigger!
  • #319
  • May 23, 2024 7:14am May 23, 2024 7:14am
Quoting 2be
Adding long to DOW -Jun 2024 at 39784 (parallel to DOW cash39684)- 3rd lot DOW long as well at 39684- initial lot will come back to it in a few hours, the divergence mentioned in the previous point is useful
Closed DOW JUN2024 longs 39885, good points
Looks like gap to the upside opening, barring the news release in 18 min
Just in case banked the profit and will wait for the reaction to the data release
Make sure losses are small and profits are bigger!
  • #320
  • May 23, 2024 7:38am May 23, 2024 7:38am
Quoting 2be
{quote} Closed DOW JUN2024 longs 39885, good points Looks like gap to the upside opening, barring the news release in 18 min Just in case banked the profit and will wait for the reaction to the data release
DOW MO to go long at 39571
Make sure losses are small and profits are bigger!
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