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DOW - PA, Stops and hedging

  • #541
  • Nov 25, 2024 12:02pm Nov 25, 2024 12:02pm
Below is DOW daily with 3rd Fridays of the month marked
White vertical, Thanksgiving Thursdays
Attached Image (click to enlarge)
Click to Enlarge Name: DOW Daily Thanlsgiving 3 Fri 2024-11-25_174929.png Size: 38 KB


Some profit taking on DOW
Support zone in tact
Range bound for time being
Attached Image (click to enlarge)
Click to Enlarge Name: DPW MTFs 02 2024-11-25_175117.png Size: 186 KB


During thinly traded market anything can happen
Make sure losses are small and profits are bigger!
  • #542
  • Nov 25, 2024 2:53pm Nov 25, 2024 2:53pm
Quoting 2be
{image} Thinking to short DOW to close the gaps Bitcoin is going down after hitting 99k area shorting is very dangerous, only short after some kind of confirmation and aligning with H4 and M30 DOW can easily hit the BBIIGGGGG number above and Bitcoin is shall hit 100k, so one needs to be careful and keep the profits, still few days left this week, we shall see
Yea. for me am waiting to short dow too but i need confirmation maybe during the week or later but i really think it's going to tank
don't know when until i see confirmation.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #543
  • Nov 25, 2024 2:55pm Nov 25, 2024 2:55pm
Quoting 2be
{quote} Hi martinez That is perfectly ok with me You are very welcomed! First page is the most important as I periodically update with things I fend useful. Do not torture yourself by reading the whole journal, the last 5 or so pages should be plenty, as long as the concepts mentioned on the first page are taken care of ether accepting the utility of them or rejecting them in relation to your trading strategy. I am not insisting nor suggesting reading all posts, it is a journal and some wandering is certainly there with postings to prove it. In...
Thank you.
Yes, I also forget to say that am a swing a trader, my trades can last for days to weeks.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #544
  • Nov 25, 2024 2:57pm Nov 25, 2024 2:57pm
Quoting 2be
Below is DOW daily with 3rd Fridays of the month marked White vertical, Thanksgiving Thursdays {image} Some profit taking on DOW Support zone in tact Range bound for time being {image} During thinly traded market anything can happen
Very useful.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #545
  • Edited Nov 26, 2024 3:07am Nov 25, 2024 4:22pm | Edited Nov 26, 2024 3:07am
Quoting martinez1
{quote} Yea. for me am waiting to short dow too but i need confirmation maybe during the week or later but i really think it's going to tank don't know when until i see confirmation.
PB yes
tank - if it means crash - not really - DOW is VERY BULLISH

For the last 20 years I have read people saying about the crash, which never came, at least not until now, it does not mean there will not be one.
There was one big PB due to COVID 19, followed by great recovery.

PB to provide space underneath for the end of the year rally

January can be a mixed bag
https://www.forexfactory.com/attachm...l?d=1693472539

Earning season starts in January

Presidential inauguration

https://www.forexfactory.com/thread/...gs-to-consider?
Make sure losses are small and profits are bigger!
  • #546
  • Edited 4:28am Nov 26, 2024 4:14am | Edited 4:28am
Quoting 2be
Below is DOW daily with 3rd Fridays of the month marked White vertical, Thanksgiving Thursdays {image} Some profit taking on DOW Support zone in tact Range bound for time being {image} During thinly traded market anything can happen
Range bound PA
It takes some effort and experience to adapt to the ever changing market conditions
Thanksgiving holiday week well in progress
In view of the above, last US session looks like a buying climax, (VSA), the PUMP is slowing down, time for a DUMP, but it needs to be confirmed, otherwise one would not need to go to sauna to sweat. Stay cool without sweating and patiently wait for things to align.
Attached Image (click to enlarge)
Click to Enlarge Name: DOW MTF 03 2024-11-26_100505.png Size: 179 KB


Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions 04 2024-11-26_101550.png Size: 82 KB
Make sure losses are small and profits are bigger!
  • #547
  • Nov 26, 2024 7:33am Nov 26, 2024 7:33am
Quoting 2be
{quote} PB yes tank - if it means crash - not really - DOW is VERY BULLISH For the last 20 years I have read people saying about the crash, which never came, at least not until now, it does not mean there will not be one. There was one big PB due to COVID 19, followed by great recovery. PB to provide space underneath for the end of the year rally January can be a mixed bag https://www.forexfactory.com/attachm...l?d=1693472539 Earning season starts in January Presidential inauguration https://www.forexfactory.com/thread/...gs-to-consider?...
Yes, what i meant to say there was downward move not crash.
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #548
  • Nov 26, 2024 7:44am Nov 26, 2024 7:44am
Please forgive me, have seen you've used PB a lot in your sentences so what do you mean by PB? Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #549
  • Nov 26, 2024 8:19am Nov 26, 2024 8:19am
Quoting martinez1
Please forgive me, have seen you've used PB a lot in your sentences so what do you mean by PB? Thank you
Thanks for asking
P Pull
B Back
you are welcome
Make sure losses are small and profits are bigger!
  • #550
  • Edited 6:01am Nov 27, 2024 5:28am | Edited 6:01am
I am establishing MOs to short DOW 45250 just in case
Rotation to the measured PB possible, will short from Fri and during the following week. PA has to confirm shorting scenario.
Taking time off trading, things to do.
Thanksgiving holiday is happening
Make sure losses are small and profits are bigger!
  • #551
  • Nov 27, 2024 7:37am Nov 27, 2024 7:37am
Quoting 2be
I am establishing MOs to short DOW 45250 just in case Rotation to the measured PB possible, will short from Fri and during the following week. PA has to confirm shorting scenario. Taking time off trading, things to do. Thanksgiving holiday is happening
DOW NYSE sessions chart has created an island, please look at gaps and islands
https://www.google.com/search?q=gaps...hrome&ie=UTF-8

A perfect scenario to undermine the well being of trading account/s, especially for impatient and badly disciplined "traders" queuing to be liquidity providers while dreaming of the vast profits. Keep well away from them, especially if they are well recognised useless advisers.
PA and low volatility - something to be aware.
Make sure losses are small and profits are bigger!
  • #552
  • Nov 27, 2024 8:46am Nov 27, 2024 8:46am
shorting DOW from the round number
MOs still in place
Make sure losses are small and profits are bigger!
  • #553
  • Nov 27, 2024 8:49am Nov 27, 2024 8:49am
Quoting 2be
shorting DOW from the round number MOs still in place
out 940
+ over 60 points
Make sure losses are small and profits are bigger!
  • #554
  • Edited 9:03am Nov 27, 2024 8:51am | Edited 9:03am
Quoting 2be
{quote} out 940 + over 60 points
shorting again
too fast to post - scalping
one needs to ready to take smaller profits, and be ready to some trades too
so far over 20 trades on DOW during NYSE session alone, multientry positions
a good hunting ground on shorter TFs
Make sure losses are small and profits are bigger!
  • #555
  • Nov 27, 2024 9:01am Nov 27, 2024 9:01am
Quoting 2be
{quote} shorting again too fast to post - scalping one needs to ready to take smaller profits, and be ready to some trades too so far over 20 trades on DOW during NYSE session alone, multeity positions a good hunting ground on shorter TFs
I am done for a while, to wake me up
done some good trades - scalps
low market participation , as expected, just take some profits from MM
making profits and keeping them - two important parts of trading
Make sure losses are small and profits are bigger!
  • #556
  • Nov 27, 2024 9:08am Nov 27, 2024 9:08am
Quoting 2be
{quote} I am done for a while, to wake me up done some good trades - scalps low market participation , as expected, just take some profits from MM making profits and keeping them - two important parts of trading
NYSE intersession gap created today at the NYSE open has been closed
all my scalps have been with that gap in mind
now time for other things
THE POWER OF GAPS - great concept for trading indices

GAP to the last session close has not been completely filled yet
Make sure losses are small and profits are bigger!
  • #557
  • Nov 27, 2024 10:30am Nov 27, 2024 10:30am
Quoting 2be
{quote} NYSE intersession gap created today at the NYSE open has been closed all my scalps have been with that gap in mind now time for other things THE POWER OF GAPS - great concept for trading indices GAP to the last session close has not been completely filled yet
Gap to the last session closed
VIX UP during the DOW move down
Make sure losses are small and profits are bigger!
  • #558
  • Edited 12:14pm Nov 27, 2024 12:01pm | Edited 12:14pm
Quoting 2be
{quote} Gap to the last session closed VIX UP during the DOW move down
with 3 hrs of the NYSE session left, I think to miss the action and do some other useful things
D pivot my be the next target for the DOW
Done some shorting, have been very careful and conservative, taking profits fast and using shorter TFs

Impact of the approaching Thanksgiving.

Happy Thanksgiving to all our American friends!!!!
Make sure losses are small and profits are bigger!
  • #559
  • Edited 2:11pm Nov 27, 2024 1:56pm | Edited 2:11pm
U.S. stock and bond markets will be closed on Thanksgiving and will have shortened hours on Black Friday. Stock markets will stop trading at 1 p.m. Eastern on Friday, while bond markets will remain open to 2 p.m. Friday.

DOW is setting a nice PB scenario - (VSA on NYSE session TF)
shall post after the session close
Make sure losses are small and profits are bigger!
  • #560
  • Edited 8:38pm Nov 27, 2024 3:34pm | Edited 8:38pm
Quoting 2be
U.S. stock and bond markets will be closed on Thanksgiving and will have shortened hours on Black Friday. Stock markets will stop trading at 1 p.m. Eastern on Friday, while bond markets will remain open to 2 p.m. Friday. DOW is setting a nice PB scenario - (VSA on NYSE session TF) shall post after the session close
DOW is setting for a measured PB
PG has +1000 point potentials, making the desirable space for the further larger rally up
As always, PA confirmation paramount

Attached Image (click to enlarge)
Click to Enlarge Name: DOW Daily DT 03 2024-11-27_211259.png Size: 71 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DOW H4 DT 062024-11-27_211620.png Size: 56 KB

Attached Image (click to enlarge)
Click to Enlarge Name: DOW MTFs 2024-11-27_210707.png Size: 187 KB

DOW NYSE sessions TF is setting nicely for a measured PB
Similar PA but in revers shaded by ellipses
It often is the case that the initial setup bar is surpassed and than the meaningful revisal takes place.

Rotation to the upside
Mon 18 Nov 2024 set up bar followed by a bar surpassing it, then the reversal and motoring up

Rotation to the downside, wit a smaller potential, but still around +1000 possible points
Mon25 November a set up bar followed by a surpassing bar on Tuesday, today a slow start of motoring to the downside for a measured PB

Take into account that DOW is in a strong BULL. so the move to the down side has a limited potentials

Attached Image (click to enlarge)
Click to Enlarge Name: DOW M30 sessions 2024-11-27_210757.png Size: 85 KB
Make sure losses are small and profits are bigger!
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