Dow Jones has now transitioned into a range. I will be changing my plays to range bound plays.
My thesis is it will spend 4 weeks going sideways before the August CPI report will breakout Long up to 42,000 and then up to 49,000.
I will look for sells in the red upper box and buys in green lower box.
I will use the quarter dotted lines as price targets and possible bounces off of.
I will be looking for runs of highs and lows for liquidity sweeps.
Each 25% level of this range is roughly 350 ticks.
The entire high to low of this range is roughly 1400 ticks
Here is a rough idea of how I plan to daytrade this range.
Looking to target swing highs and lows for sweeps
Looking to target each 25% level for profit targets
Entry Model: 15 minute chart
4 Hour Structure
Weekly Trend
50 tick Stops
150 tick Targets
3:1 risk to reward
40-45% win rate
Only 2 losses per trading day
My thesis is it will spend 4 weeks going sideways before the August CPI report will breakout Long up to 42,000 and then up to 49,000.
I will look for sells in the red upper box and buys in green lower box.
I will use the quarter dotted lines as price targets and possible bounces off of.
I will be looking for runs of highs and lows for liquidity sweeps.
Each 25% level of this range is roughly 350 ticks.
The entire high to low of this range is roughly 1400 ticks
Here is a rough idea of how I plan to daytrade this range.
Looking to target swing highs and lows for sweeps
Looking to target each 25% level for profit targets
Entry Model: 15 minute chart
4 Hour Structure
Weekly Trend
50 tick Stops
150 tick Targets
3:1 risk to reward
40-45% win rate
Only 2 losses per trading day
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免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。