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Swing Trades DAX/DOW/NQ/GOLD

  • #12,181
  • Jun 6, 2023 4:44am Jun 6, 2023 4:44am
SnP needs tpo drop below 4260/50 first for some serious Sell MM.

SnP shows a H&S pattern.
Shows H&S pattern. Not confirmed yet

Once below 4250 maybe a drop to 4220<>4205 GAP close.

Longs above 4290/4300
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  • #12,182
  • Jun 6, 2023 4:50am Jun 6, 2023 4:50am
NQ stuck on Week POC 14.580.
Shows H&S pattern. Not confirmed yet

Once below 14.500 likely a down move to 400/250/050 GAP close

But tech is hot cause of A.I. rally.
Up target 14.750/900 Key level and who knows......15K
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  • #12,183
  • Edited 7:43am Jun 6, 2023 5:05am | Edited 7:43am
US markets with Monthly TPOs

Blue marked zones are TPO GAPs.
As far as I know, these GAPs are always covered/closed in the same Month or next Month.

The only problem now is: we are close to the contracts roll over.
They could push it down after the roll over.
A few weeks only before the roll over.
If you go short here and the trade goes against you, there is not enough time to ride it out till it reaches/covers the lower GAPs
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  • #12,184
  • Jun 6, 2023 6:18am Jun 6, 2023 6:18am
Quoting Dutchy Daxy
US markets with Monthly TPOs Blue marked zones are TPO GAPs. As far as I know, these GAPs are always covered/closed in the same Month or next Month. The only problem now is: we are close for the contracts roll over. They could push it down after the roll over. A few weeks only before the roll over. If you go short here and the trade goes against you, there is not enough time to ride it out till it reaches the lower GAPs {image}
Agree 100%.
These days are a combination of prices and timing, and in principle could be very dangerous trade current expiration if positions will not be closed next hours.
Usually we should see violent moves before or after (or both) institutional expiration, friday 16th June.
We'll see...
I call upon my father's spirit , watching over me
  • #12,185
  • Edited 7:54am Jun 6, 2023 7:42am | Edited 7:54am
Quoting Brixen
{quote} Agree 100%. These days are a combination of prices and timing, and in principle could be very dangerous trade current expiration if positions will not be closed next hours. Usually we should see violent moves before or after (or both) institutional expiration, friday 16th June. We'll see...
In simple words:
More scalping coming weeks and not relying on longer Swing trades/moves untill the roll over is done..
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  • #12,186
  • Jun 6, 2023 8:31am Jun 6, 2023 8:31am
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MNQ Short

T2 +40/42p 3 lot
1 Left

Several SP levels just below plus the 500 BRN
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  • #12,187
  • Jun 6, 2023 8:37am Jun 6, 2023 8:37am
Quoting Dutchy Daxy
{image} MNQ Short T2 +40/42p 3 lot 1 Left Several SP levels just below plus the 500 BRN
MNQ closed +57p last lot

NQ closed +25p 1 lot & 37p 1 lot


Bounced up from almost exactly the 500 BRN
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  • #12,188
  • Jun 6, 2023 8:38am Jun 6, 2023 8:38am
MYM Short 33.575

Target 33.400 zone

Selling lots on the way down
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  • #12,189
  • Edited 10:36am Jun 6, 2023 9:51am | Edited 10:36am
DAX has GAPs above and below current price.

Since the DAX has no brains of itself to follow its own direction and not following the US as a sheep, its hard for traders to find out which direction it will go.

RS at 16.000 zone (of course)

Up target 16.050/060
Down target 15.900
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  • #12,190
  • Edited 6:45am Jun 7, 2023 6:33am | Edited 6:45am
Not much to do now on the markets.

Waiting for roll over and other trigger(s) in the future.

DOW stuck at 33.600 zone

SnP stuck at 4300 zone

NQ stuck at 14.600 zone

DAX stuck at 16K zone

Serious Longs above 16.050
Serious Shorts below 15.950
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  • #12,191
  • Jun 7, 2023 8:32am Jun 7, 2023 8:32am
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MNQ Long last 4 lot from 14.612.50

T2 +54/55p 3 lot. 1 left
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  • #12,192
  • Jun 7, 2023 8:33am Jun 7, 2023 8:33am
NQ Long 14.599 1 lot

Closed +66p 1 lot
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  • #12,193
  • Jun 7, 2023 8:36am Jun 7, 2023 8:36am
MES Long 4296 last 4 lot
T1 +3p 3 lot. 1 left

ES Long 1 lot and closed +2.5p
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  • #12,194
  • Edited 7:29pm Jun 7, 2023 7:11pm | Edited 7:29pm
Quoting Dutchy Daxy
US markets with Monthly TPOs Blue marked zones are TPO GAPs. As far as I know, these GAPs are always covered/closed in the same Month or next Month. The only problem now is: we are close to the contracts roll over. They could push it down after the roll over. A few weeks only before the roll over. If you go short here and the trade goes against you, there is not enough time to ride it out till it reaches/covers the lower GAPs {image}
(M)NQ first GAP closed in the early EU morning.

Closed +355p at first GAP target. (14.440<>14.330 zone)

Likely a (little) pop first to test 400 zone??.
Then the NQ could drop again to close the 2nd GAP 14.250<>14.050.

I will go short again if it starts to drop again (from 14.400/450 zone or below 14.300 zone)

And if it really gets nasty, NQ could even drop to 13.800 zone, which is an old Daily GAP to fill (50% FIBO pull back of current up rally)

So far the NQ is still in a A.I. Bull mood. Lets see how deep the pull back will be
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  • #12,195
  • Jun 7, 2023 7:32pm Jun 7, 2023 7:32pm
Same story for the SnP

Once below 4265 zone 1st target 4250
Once below 4250, the road to 4220<>4200 GAP is open

SnP still Bullish
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  • #12,196
  • Jun 7, 2023 7:37pm Jun 7, 2023 7:37pm
Once Tech starts to drop, you often see a shift to DOW stocks. Not that far yet.

DOW has a (Weekly) TPO GAP up to 33.900<>34.050
Long try above 33.750

Down (Monthly) TPO GAP to 33.400<>300 zone.
Short try below 33.600

DOW still Bullish
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  • #12,197
  • Jun 7, 2023 7:39pm Jun 7, 2023 7:39pm
Your views and comments are very valuable
but do you take into account moving averages like 50 100 200?
  • #12,198
  • Jun 7, 2023 7:42pm Jun 7, 2023 7:42pm
Quoting Pocae
Your views and comments are very valuable but do you take into account moving averages like 50 100 200?
No. Not anymore..
Still tend to look at the SMA 200 on the Daily chart, but thats more for the very long term traders/institutions
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  • #12,199
  • Jun 8, 2023 1:13am Jun 8, 2023 1:13am
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  • #12,200
  • Jun 8, 2023 1:15am Jun 8, 2023 1:15am
Quoting Dutchy Daxy
{quote} (M)NQ first GAP closed in the early EU morning. Closed +355p at first GAP target. (14.440<>14.330 zone) Likely a (little) pop first to test 400 zone??. Then the NQ could drop again to close the 2nd GAP 14.250<>14.050. I will go short again if it starts to drop again (from 14.400/450 zone or below 14.300 zone) And if it really gets nasty, NQ could even drop to 13.800 zone, which is an old Daily GAP to fill (50% FIBO pull back of current up rally) So far the NQ is still in a A.I. Bull mood. Lets see how deep the pull back will be {image}
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