Monday, July 7, 2014

YMU4 - Dow - E- mini - Monday - 7th July

News: 11.30 3 and 6 Month Bill Auctions

Pre- Market expectation:  Trend is bull, but correction is needed. I expect a correction starting, see the yesterday chart. First target zone cca. 17.000. (second 16950).


10:33

Gap, as I mentioned at 8:56.


It can be a range day in the following or a next 2-3 hours.

11:07

I mentioned this think at 10:57.


12:32

After a bed short (-0,5 R) I bought YMU4 for long. Thanks to the trendbar I change my style to trend trade, but it made a unexpected moving, therefore I closed my position in two steps. Details in the chart.



I had to closed the second half of my position, because on '10 chart bearish slingshot is arised.

12:41

5-3-5 waves to down, is this a correction or 1-2-1? (on '1 chart)

13:54

I had a rest.

I made a trade, I haven't traded such yet! :)

Stop limit order, because the goldenX possibility is arised. I have to development this action, because the goldenX have not finished yet, I closed my trade at target price. (I trade only half of my typical package)




Result (closed at 16949, starting stop was 16929):



6 comments:

  1. Maybe, a minor new high before. Divergens on daly, 4 hours makes your expectation stronger.

    ReplyDelete
  2. Yes, a new high in the early section is real possibility.
    I saw '15 chart as well, but there was day off and weekend (3 days without trading).
    The new high has chance, but it is not needed.
    Opening with gap (down) is the other possibility. :)

    ReplyDelete
  3. I want short it at 36, I was so so slow... :(

    ReplyDelete