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.

Trading Dow Futures: Aug. 18, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. Today’s session saw a trading range from 18,575 to 18,505. At approximately 9:45 am (CST) Slow Stochastics crosses down above its 80. Looking at the chart from about 8:30 on the volatility was extreme. Establishing a long position at 7:10 would have made sense. However at 10:00 Stochastics crosses down again slightly below its 80. Continue reading “Trading Dow Futures: Aug. 18, 2016”

Trading Dow Futures: Aug. 17, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. Today’s session saw a solid 100 pt. trend to the upside. All throughout the trading day many opportunities can appear only to fade. One way to determine when to enter as well as exit is when the market level gets near the Bollinger Band. Another determinant is a pullback to, or near, the previous level marked by a Stochastics crossing. Continue reading “Trading Dow Futures: Aug. 17, 2016”

Trading Dow Futures: Aug. 16, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. Today’s session saw the market fall from yesterday’s high of 18,623 and was a sloppy range bound day. Trend traders need to wait for their trade to come to them and not overtrade. If the market won’t work for you don’t waste any time. Take the day off and wait for the next trading opportunity to come along.

Trading Dow Futures: Aug. 15, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 3:55 am and then again at 4:05 am (CST) Slow Stochastics (5,3) crossed up below its 20 which began an approximate 1 hour consolidation. The market traded in a 5 point range during this time. At 4:40 and again at 5:00 Stochastics crosses up right around its 50. MACD (8,17,9) signals the beginning of this uptrend. Bollinger Bands move to their narrowest range on this chart at 5:20 beginning what would later be a wide expansion Continue reading “Trading Dow Futures: Aug. 15, 2016”

Trading Dow Futures: Aug. 12, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 3:35 am (CST) Slow Stochastics (5,3) crossed down above its 80 as the market could move no higher than its upper Bollinger Band near 18,585. The market action went sideways for approximately 35 minutes when Stochastics crossed down near its 50 and a continuation of this basing period lasted another 60 minutes before a downtrend of approximately 90 points took place over the next 4 hours. Continue reading “Trading Dow Futures: Aug. 12, 2016”

Trading Dow Futures: Aug. 11, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 7:00 am (CST) Slow Stochastics (5,3) crossed up below its 20 as the market moved below its lower Bollinger Band and then reversed back to the upside above 18,490. The market rallied past 18,510 when Stochastics crosses up again above its 50. The next 50 minutes sees a continuation of the rally but turns back at 18,530. 20 minutes more to the downside and a slight move below its lower Band only to see the market reverse again and Continue reading “Trading Dow Futures: Aug. 11, 2016”

Trading Dow Futures: Aug. 10, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 8:55 am (CST) Slow Stochastics (5,3) crossed down below its 80 as the market moved above its upper Bollinger Band and then reversed back to the downside near 18,480. The market rallied back to the upside for about 25 minutes before reversing and heading back down again at the 18,500 level moving the Stochastic to cross down below its 70 with MACD (8,17,9) ever so slightly confirming the downtrend. Continue reading “Trading Dow Futures: Aug. 10, 2016”

Trading Dow Futures: Aug. 9, 2016

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$YM-Trading The Dow Jones Emini Futures contract for September ’16. At 7:40 am (CST) Slow Stochastics (5,3) crossed up below its 20 as the market moved below its lower Bollinger Band and then reversed back to the upside near 18,475. The market attempted to rally for about 20 minutes before reversing and heading back to its lower Band. At 8:30 the market again reverses at the 18,475 level moving the Stochastic to crossup above its 20 with MACD (8,17,9) confirming its uptrend. Continue reading “Trading Dow Futures: Aug. 9, 2016”