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

  • #321
  • May 23, 2024 7:56am May 23, 2024 7:56am
Quoting 2be
{quote} DOW MO to go long at 39571
I am expecting some PB on DOW to close the gap, just in case there is a deeper PB I place the MO to go long at mS1 D mid pivot, if I am not at the monitors
Make sure losses are small and profits are bigger!
  • #322
  • May 23, 2024 8:24am May 23, 2024 8:24am
Quoting 2be
{quote} I am expecting some PB on DOW to close the gap, just in case there is a deeper PB I place the MO to go long at mS1 D mid pivot, if I am not at the monitors
will not post live trades, but shall try longs at or below D pivot, depending M30 alignment and certainly in relation to M1 EMA fib channels

Some more data from US coming 15 min after the open
Make sure losses are small and profits are bigger!
  • #323
  • May 23, 2024 3:29pm May 23, 2024 3:29pm
Quoting 2be
{quote} will not post live trades, but shall try longs at or below D pivot, depending M30 alignment and certainly in relation to M1 EMA fib channels Some more data from US coming 15 min after the open
M30 TF never aligned for taking sizable longs on DOW, so have not traded much on a long side. Have had a one loosing long trade, but that is ok.
Data inspired move and higher interest rates for longer, have contributed to a good move south
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions.png Size: 50 KB
Make sure losses are small and profits are bigger!
  • #324
  • Edited 6:49pm May 23, 2024 6:19pm | Edited 6:49pm
Quoting 2be
{quote} M30 TF never aligned for taking sizable longs on DOW, so have not traded much on a long side. Have had a one loosing long trade, but that is ok. Data inspired move and higher interest rates for longer, have contributed to a good move south{image}
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Monthly 2024-05-24_001641.png Size: 32 KB

WRB take a note of its importance, if now aware, it will bring benefits to do some father study on WRBs and the PA in relation to them
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Wk 2024-05-24_001540.png Size: 40 KB


Yellow horizontal lines - Missed daily Pivots- PA speeding in a given direction

Attached Image (click to enlarge)
Click to Enlarge Name: DOW Daily.png Size: 44 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 Sessions 02 2024-05-24_001300.png Size: 59 KB

There is an open intersession gap below, two filled gaps indicated by bluish colour
Make sure losses are small and profits are bigger!
  • #325
  • May 23, 2024 6:40pm May 23, 2024 6:40pm
Quoting 2be
{quote} 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...
The divergence has worked well but within its limitation, that has been the reason why I closed the longs when they were just over 200 points in profit.
Divergence on principle has limitation, as it points to temporary imbalance of the PA flow, which struggles to be orderly procession in the direction of the trend.
It is important to remember that limitation while taking trades when Divergence is a part of the decision making process to enter a particular trade.
In that aspect it is similar to angulation (Bill Williams- Trading Chaos- second edition).
Make sure losses are small and profits are bigger!
  • #326
  • May 29, 2024 9:08pm May 29, 2024 9:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions2024-05-30_030628.png Size: 60 KB

PA consistent with orderly procession
Media would like you to believe all sorts of reason/s while hiding the simple principle of pump and dump and dump and pump, a well oiled machine to guarantee profits
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Weekly2024-05-30_031540.png Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DOW Daily 2024-05-30_031634.png Size: 70 KB
Make sure losses are small and profits are bigger!
  • #327
  • Edited May 31, 2024 3:19pm May 30, 2024 4:19pm | Edited May 31, 2024 3:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions 2024-05-30_221541.png Size: 48 KB

Tomorrow the last day of the moth.
Looking at the session candles, one can easily observe a selling climax (VSA) high volume, small result
Make sure losses are small and profits are bigger!
  • #328
  • May 30, 2024 8:52pm May 30, 2024 8:52pm
Any of those pullbacks or dips of the short term MA into the medium term MA look like awesome entry points to try.
There ain't no use in cryin' It doesn't change anything." QOTSA
  • #329
  • May 31, 2024 8:36am May 31, 2024 8:36am
Quoting 2be
{image} Tomorrow the last day of the moth. Looking at the session candles, one can easily observe a selling climax (VSA)9 high volume, small result
DOW long 38120
Make sure losses are small and profits are bigger!
  • #330
  • May 31, 2024 8:42am May 31, 2024 8:42am
Quoting 2be
{quote} DOW long 38120
Taken profit on 38260
Reason mR2 reached, PA on the top of fibs channel onM1there were other positions established last night and this morning, London Time prior to the NYSE open
All longs closed, flat atm
the orange colour zone might take some time to be surpassed to the upside, as it represent the intersession gap, duly filled, but still in play
Good points, fast a furious, last day of the month, so taken profits were they were there.
Make sure losses are small and profits are bigger!
  • #331
  • May 31, 2024 9:39am May 31, 2024 9:39am
Quoting 2be
{quote} Taken profit on 38260 Reason mR2 reached, PA on the top of fibs channel onM1there were other positions established last night and this morning, London Time prior to the NYSE open All longs closed, flat atm the orange colour zone might take some time to be surpassed to the upside, as it represent the intersession gap, duly filled, but still in play Good points, fast a furious, last day of the month, so taken profits were they were there.
I am done for the week, have to go to hospital to visit a friend
Nasdaq is going down, DOW might retest the lows, or even go lower before if bounces back, in a manner of a dead cat's bounce at least for a while.
Do not forget it is an election year, and there must be some space for Christmas rally, that is a long time perspective.
Wishing all a great weekend,
2be
Make sure losses are small and profits are bigger!
  • #332
  • Edited Jun 1, 2024 5:52am May 31, 2024 3:18pm | Edited Jun 1, 2024 5:52am
Quoting 2be
{image} Tomorrow the last day of the moth. Looking at the session candles, one can easily observe a selling climax (VSA) high volume, small result
Please read the late edit, as the chart below is incorrect, due to a computer/program. glitch.
I have left that chart so it is easier to compare. Sorry for the glitch which I have discovered well after posting that chart.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 Sessions 2024-05-31_210846.png Size: 48 KB


VSA principles have also been useful in addition to the normal things I look to align
Intersession gap has been filled!!! as with some speed.
These gaps are usually filled, useful thing to observe, of course, every trader has to make a choice, if one care enough to spot them.

Later edit:
Studying the last week DOW PA, I have noticed that I have experienced a glitch resulting in the NYSE session candles of the last Tuesday, 28th May 2024 and the last Wednesday, 29th May 2024 printing a much longer lower wicks. The current chart has been corrected and posted below. Sorry for that glitch glitch came to my attention just now. All the remining data including volume and the range is correct, as it is calculated and printed according to a given TF, M30 in this case.
I do profoundly apologise for that.
The blue rectangles indicate closed intersession gaps
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions2024-06-01_110704.png Size: 48 KB
Make sure losses are small and profits are bigger!
  • #333
  • Jun 3, 2024 12:23pm Jun 3, 2024 12:23pm
DOW long 38260
Fri NYSE session is definitely WRB, and it is important to take a good look at it, that is why I have drawn fibs on that session bar

 


  1. Attached Image (click to enlarge)
    Click to Enlarge Name: DOW M30 sessions2024-06-03_175526.png Size: 41 KB

Make sure losses are small and profits are bigger!
  • #334
  • Jun 3, 2024 12:24pm Jun 3, 2024 12:24pm
Quoting 2be
DOW long 38260 Fri NYSE session is definitely WRB, and it is important to take a good look at it, that is why I have drawn fibs on that session bar {image}
closed long at 38301
reason: waiting for the M5 rotation to the upside
Make sure losses are small and profits are bigger!
  • #335
  • Jun 3, 2024 12:27pm Jun 3, 2024 12:27pm
Quoting 2be
{quote} closed long at 38301 reason: waiting for the M5 rotation to the upside
I am long on Dow and will be adding to the long position
Gap serves as S/R
No time to post live trades, just adding to the long position
Make sure losses are small and profits are bigger!
  • #336
  • Edited 9:35pm Jun 3, 2024 3:22pm | Edited 9:35pm
Quoting 2be
{quote} I am long on Dow and will be adding to the long position Gap serves as S/R No time to post live trades, just adding to the long position
Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions WRB 2024-06-03_210633.png Size: 50 KB

DOW M30 NYSE sessions
Last Friday NYSE session printed WRB, with a lot of space to the left, (previous 4 bars have much smaller bodies), WRB in such situation when tested, provide reasonable opportunities to go in the direction of the WRB move, Fib Retracement and S1D Pivot confluence, plus 38250 area tested and rejected the move down.
The whole body of the surpassed intersession Gap, S/R zone, in this case acted as Support.
M30 came well in play and M5 supported the move up. once the PB has been accomplished and stopped in tracks. So dump and pump session, with reasonably well marked rotation the the upside, after well announced dumping was over. H4 to M30 has been very useful before NYSE open and during the session.
Make sure losses are small and profits are bigger!
  • #337
  • Jun 3, 2024 3:52pm Jun 3, 2024 3:52pm
Quoting 2be
{quote} I am long on Dow and will be adding to the long position Gap serves as S/R No time to post live trades, just adding to the long position
closing all long positions 38570
Make sure losses are small and profits are bigger!
  • #338
  • Jun 4, 2024 2:43am Jun 4, 2024 2:43am
Long DOW cash and DOW Jun 2024 at 38475 ( as always adjust for DOW JUN 2024)
Make sure losses are small and profits are bigger!
  • #339
  • Jun 4, 2024 3:01am Jun 4, 2024 3:01am
Quoting 2be
Long DOW cash and DOW Jun 2024 at 38475 ( as always adjust for DOW JUN 2024)
closed longs 28495
only 2 x 20 points profit, closed it due to a possible rotation on M5
pre NYSE session trades are usually supported by low volume, vulnerable for all kinds of preparation/s for the NYSE open.
Will be away at times today, other duties and at last there ore some dry days so some yacht maintenance on cards for me.
Make sure losses are small and profits are bigger!
  • #340
  • Jun 4, 2024 3:15am Jun 4, 2024 3:15am
Long at 38460
the same, DOW cash and DOW Jun 2024
Make sure losses are small and profits are bigger!
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