YM CPI 4 Hour CPI Swing Trade Idea 700 ticks

2024年2月13日

The 21ema on the 4 hour is flat

Price is pulling back into the flat 21ema

Look for a bullish surge off of the flat 21ema

Can be aggressive and enter short on the close of the CPI 4 hour bar at 10am EST with the expectation of no follow through

Can be conservative with a sell limit at the 50% mark of the bull surge bar. Targeting the demand candle of January 25th

Price level: 38,200


160 tick stop
700 tick target

Estimated holding time 6-8 days

2024年2月13日

ノート

On the hourly chart, I am looking at something like this. I will be trading the NY open and NOT the CPI. I have the expectation that there will be a pop up and no follow through for a sell back down.

2024年2月13日

ノート

On the 15 minute, the 200sma is equivalent to the 4 hour 21ema and they are both flat. Flat means range. Range means Sell pops.




Price is hitting my yearly up channel perfectly

2024年2月14日

トレード終了: 利益確定目標に到達

I was bearish on the CPI and I was expecting a huge drop. That did happen as expected. The only thing I did not see was it didn't pop up as planned, instead rolled over immediately. I got in on the close of the first 5 minute bar as the 21ema was sharply declining, indicating way more downside.



Alot of people get scared to enter on such a giant bar, but experience has taught me to enter into violence. Using the draw tool, I draw out the 21ema ahead of time and see that it is rapidly falling with more downside. I had a whole 5 minutes of that bar to get ready.