Trading Dow Futures: Aug. 25, 2016: Trend 2

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. Picking up the market action noted previously http://tradingdowfutures.com/trading-dow-futures-aug-25-2016-trend-1, at 8:00 am (CST) Slow Stochastics %K falls below its 20 as the market attempts a new uptrend near the 18,430 level. At 8:30 Stochastics crosses up near its 40 and the market moves almost 50 points in 35 minutes. MACD (8,17,9) diverges from the market action indicating a new uptrend before the market takes off.

Trading Dow Futures: Aug. 25, 2016: Trend 1

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 9:45 pm (CST) on August 24 Slow Stochastics crosses down above its 80 near the 18,480 level. 55 minutes later near about the 18,477 level Stochastics crosses down below its 40. It takes almost 2.5 hours and a pullback to about 18,483 before the market finally falls to 18,428 at 4:00 am on the 25th for an approximate 50 point drop. Make note of MACD Histogram (8,17,9).

Trading Dow Futures: Aug. 24, 2016: Trend 2

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 2:40 am (CST) Slow Stochastics (5,3) crosses down above its 80 as the market moved above its upper Bollinger Band near the 18,525 level. At 4:00 and again at 4:30 Stochastics crosses down below 80 and at 60. MACD Histogram (8,17,9) gives a distinct heads-up as to the direction of the market from this point on. A 55 to 60 point downtrend by the time it reaches 9:45. Continue reading “Trading Dow Futures: Aug. 24, 2016: Trend 2”

Trading Dow Futures: Aug. 24, 2016: Trend 1

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. On August 23 at approximately 6:55 pm (CST) Slow Stochastics (5,3) crossed down above its 80 as the market moved above its upper Bollinger Band. Approximately 25 minutes later near the 18,540 level another Stochastics crossdown occurs below its 80. Make note of MACD (8,17,9) through the entire downtrend. By 2:00 am on August 24 the market had fallen about 50 points. At $5.00 per point that was $250.00 per contract if shorted at 7:20 pm.

Trading Dow Futures: Aug. 23, 2016: Trend 3

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. Continuing on from the market action noted previously on http://tradingdowfutures.com/trading-dow-futures-aug-23-2016-trend-2, at 8:10 am (CST) the market is trending higher near 18,575 but Slow Stochastics (5,3) crosses down above its 80. Another 25 minutes later with the market now at 18,605 Stochastics crosses down again below its 80. The upper Bollinger Band acts as a barrier to continued upside market action. Approximately 6 hours later the market has dropped about 70 points to 18,529.

Trading Dow Futures: Aug. 23, 2016: Trend 2

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 5:55 am (CST) Slow Stochastics crosses up below its 20 as the market near 18,555 had been trading sideways in a 25 point trading range for approximately 3 hours. The market now starts to trade sideways again and for the next 80 minutes trades in a 15 point range never reaching below 18,555 until 7:15 when a second Stochastics cross up near 40 signals another entry point. Continue reading “Trading Dow Futures: Aug. 23, 2016: Trend 2”

Trading Dow Futures: Aug. 23, 2016: Trend 1

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At approximately 12:15 am (CST) Slow Stochastics crosses up near its 0 as the market level at about 18,520 just about reaches under its lower Bollinger Band but never goes below and begins about 40 minutes of sideways action within about a + or – 5 point trading range. About 40 minutes later the market moves below its Band but reverses to the upside causing Stochastics to cross up near its 40 and MACD (8,17,9) indicates an upside move to come. About 50 points to the upside.

Trading Dow Futures: Aug. 22, 2016: Trend 2

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 8:05 am (CST) with the market near 18,490 Slow Stochastics (5,3) crosses up below its 20. At 8:20 Stochastics crosses up above its 20 as the hammer near the bottom of the Bollinger Band is indicating an upside reversal. Always remember indicators are like traffic signals-there are no guarantees. Continue reading “Trading Dow Futures: Aug. 22, 2016: Trend 2”

Trading Dow Futures: Aug. 22, 2016: Trend 1

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 2:35 am (CST) with the market near 18,530 Slow Stochastics (5,3) crosses down above its 80 as the upper Bollinger Band temporarily blocked the markets attempted uptrend, resumption continued until about 3:15 as Stochastics crosses down again this time slightly lower as the market sits near 18,550. Over the next 55 minutes 2 more Stochastics cross downs occur. Continue reading “Trading Dow Futures: Aug. 22, 2016: Trend 1”

Trading Dow Futures: Aug. 19, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. On Friday market action would be best characterized as whipsaw. Around 9:00 am (CST) the market did move from near the 18,480 mark to about 18,550 with very little exhibition of easy to identify indicator characteristics to give a trader a heads up signal. The market traded down 25 points on the day. The market high for August and all-time is 18,623 and all of the monthly market action since February 2016 is in the green. The market sits 83 points from its all-time high. Trade what your chart shows you.