Dow Futures (YM) Bearish Sequence Targets 49570The short-term Elliott Wave view in Dow Futures (YM) shows that the cycle from the August 5, 2026 high remains active as a double three corrective structure. From that peak, wave (w) finished at 51609. A rally in wave (x) then ended at 52840. The Index has since resumed its decline and broke below t
Compare with Micro E-mini Dow Jones Industrial Average Index Futures (Dec 2020)
Day trading October New Monthly CycleNew Month, New timing Cycle. New monthly candle forming.
This is the third month now showing my monthly process.
Now that the first two days have traded, I have gathered some vital information.
The monthly open in orange 51,335. What I am seeing is so far the first two days have been mean reve
October Preparation New Month Template StartNow that September has three trading days left, the new month is about to be upon us. I don't know what the monthly open will be yet, but once I do, I will mark it in orange.
So far this month, September has been a bearish template with a sort of creeping down motion. Creeping trends either blow o
September Results Day Trading Dow JonesI am going to call it a month being up 12.5R with Thursday's trade closing in green. I will take the rest of the month off to regroup and to let the month play out. Usually, at the end of month's, the market likes to manipulate prices and set up for the next month.
Using the 1-hour chart, I have d
First Half of September Trades Taken Results Day TradingPre FOMC tomorrow, these are my results so far
10 trades taken
6 wins
4 losses
using 1.6 risk to reward
(1.5 plus 0.1 for commissions)
125 tick stops
200 tick targets
So far up 5.6R
I am risking 3% risk per trade
So far, I am ok with the results. Two losses were just random variance and di
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Micro E-mini Dow Jones Industrial Average Index Futures (Dec 2020) is Dec 18, 2020.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Micro E-mini Dow Jones Industrial Average Index Futures (Dec 2020) before Dec 18, 2020.









