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1 Minute Charts and DOW

Trading Insights, Uncategorized
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July 15-2021

I have been trading the Emini Dow Jones for a while and have defined a standard setup for my fast 1 minute chart as follows.

  • Swing:8
  • Origination Mode: Trading Days
  • Source Days: 1-2-3-4
  • Volatility Stop Offset ATR: 1,2

I have noticed that sometimes not always, a have too much closer dot signals, and when it happens, I just saw my 3 minute chart in another screen. Cause I like to see all my 1 minute chart in one screen, I take advantage of one utility of the Warp software called “Secondary Data Series”.

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It allows me to:

  1. “overlap” any major timeframe of the same instrument in my actual chart,
  2. Or put the data and predictive signals of another instrument “over” my actual instrument.

For today I am using the first one.

So, I used the same swing of 8, like always, and add the same instrument contract YM 09-21 but with a period value of 3.

It means that in my 1 minute chart I can see the dots signals of the 3 minute chart of the YM.

I want more clean signals, and as result I expect better swing trades during my Ney York session.

I always used the color white and yellow, for my dot signals in 1 minute chart, but for this setup I change the colors.

Red for selling pressure signals, and lime green for buying pressure signals.

My trading plan is the same, trading the YM with 3 contracts.

As I expected the time between predictive signals are longer (More distance). So, I decided to open my first trade at 8:21 a little bit late. The entry signal was at 8:19. Also knowing that the opening bell was at 8:30. After the price cross the last swing high, I move my stop loss at point of break even.

My daily profit goal is $500 usd, and 1 minute before the open were achieved. I think “let’s wait until 8:42” but take some profits first.

So, the momentum of the opening bell, closed the first 2 contracts.

When I have a big move like this, its ok for me to expect a least a 50% pullback or deeper, and with that in mind, I move my stop loss, a little below that point.

My last contract was covered, and I end my trading morning session.

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For today with 3 contracts, @$5 per contract, I have:

60 ticks x 2 contracts x $5 = $600 usd

36 ticks x 1 contract x $5 = $180 usd

Total earned: $780 usd

Total ticks: 156

Stop loss: 16 ticks (@$5 x 3c =$240 usd)

Ratio: 0.3

It’s a good trade for me. I will continue using this configuration setup for other instruments.

Juan Fernando Vega

Mechanical Engineer

Bogota-Colombia

Spanish - Support

 

Emini Nasdaq Trade Overview

Trading Insights, Uncategorized
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July 08-2021

Today I have selected the Emini Nasdaq (NQ) for my trading session. For those who read my articles I love days with news.

For this morning I want to share the 5 minute NQ chart, to show the type of market in the Asian session. Remembering the 3 types of markets; A bullish market, when you see higher highs and higher lows, a bearish market, when you see higher lows with lower lows, and a market in range when you see the price in lateral way. When you have a strong movement like this, always ends in a range. So, for my New York session I must be aware of that.

I love to check my calendar for today and watch if my predictive software signals appears at the same time.

For my trading plan I use the 3 and 1 minute charts. My predictive software WARP shows me in the 3 minute chart, Bearish pression after the opening bell. That’s my zone of interest. That time of window.

My setup for my predictive time signal software is as follows for the NQ (E-Mini Nasdaq):

  • Swing:10
  • Origination Mode: Trading Days
  • Source Days: 1-2-3-4
  • Volatility Stop Offset ATR: 1,2

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With that in mind for today I will trade in the 1 minute chart, supervising the big moves in my 3 minute chart. My interest time zone: 08:33 am to 09:00 am.

At the open the 8:32 signal, is inverted and I identify a Pattern 4. At the left I identify the bottom as relevant support zone (3 white circles). The price goes up until the 120 EMA in 3 minutes and I wait to reverse and crosses back the 120 EMA in 1 minute timeframe. I use the Puncture technique. (When the price closes under or above the 120 EMA, I take a long or a short position trade)

I cover fast the 2 first contracts, and the third one. At the left you see the last bottom Lower Low swing, so I think to take profits there, or until 08:59 am.

So, I move my profit to a lower position. And move the Stop loss to break even, one candle before the active one. The prices “jumps” back and close my last position. I could take more profits in the initial lower low, but this is my runner contract, and I like to explore the market, you never know.

Nasdaq is a “beast”, I must be focused and concentrated. When I trade the Emini Nasdaq I do not trade other markets at the same time.

For today 112 ticks, that’s a great trade for me. $2,240 usd, using predictive time signals.

Juan Fernando Vega

Mechanical Engineer

Bogota-Colombia

Spanish - Support

 

FLUX Professional Toolset Review by Stocks and Commodities Magazine

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The FLUX Professional Toolset was reviewed by Stocks and Commodities Magazine.

"Ben Letto, the computer programmer and creator of the Flux tools, has discovered a way for traders to view potential intraday price turning points that occur in the future. He has produced indicators based on predictive algorithms that harness the buying and selling behavior of institutional traders..."

Click Here to download the entire review from Stocks and Commodities Magazine (4mb PDF)