US30 (Dow Jones) Market Analysis and Trade Setups

I closed out on Sells, and took buys, after spotting the trend resistance was invalidated and price revisited it for a retest as a support which confluences with the Flip zone.

But the sells kicked it from 8am, active London session. So, I'll still hold my long position entries at 51125-51136 price level and still maintain my invalidation level (SL) at 50935 till 4hr closes by 10am before deciding on what to do next.

How is it going

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@asuquokelvin - 9 hours ago

Still holding my positions.
Entry zone:51125-51136,
SL zone: 50935
Total positions running = 5
Total risk = 0.5%

I'll avoid adding any new positions and will hold till the current 4hr closes by 10am before deciding on what to do next.
The week is still starting, so I'm confident if it happens to reach my SL, any loss incurred today will be recovered before the week is over. But I don't intend to incur any losses (No trader wants to either). but I'm conscious it's inevitable.

Are you still holding the us30 trade because price actually reversed From 51101.5 level after breaking above 51199.7 which was the secure resistance level

@nsg_usd

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@nsg_usd - 8 hours ago

Quoted - asuquokelvin

Are you still holding the us30 trade because price actually reversed From 51101.5 level after breaking above 51199.7 which was the secure resistance level

Yes, I'm still holding it. I want to see how the 4hr will close by 2pm whether bullish or bearish.
Price pushed from my Entry zone (51125-51136) to 51222 (high of the current 4hr candle) giving me +0.2% profit, but It's back to my entry now. Since it is far away from my SL at 50937. and on LTF has shifted the narrative bullish, I'm waiting on the 4hr to confirm if the Intraday, is on the same bias too.

@asuquokelvin @godspowerdan

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@asuquokelvin - 8 hours ago

Yes, I'm still holding it. I want to see how the 4hr will close by 2pm whether bullish or bearish.
Price pushed from my Entry zone (51125-51136) to 51222 (high of the current 4hr candle) giving me +0.2% profit, but It's back to my entry now. Since it is far away from my SL at 50937. and on LTF has shifted the narrative bullish, I'm waiting on the 4hr to confirm if the Intraday, is on the same bias too.

I think price is ranging close to your entry, you can BE, because stock exchange market is opening by 2:30pm

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@nsg_usd - 8 hours ago

Quoted - godspowerdan

How is it going

I'm still holding the buys on US30.
The 4hr candle by 2pm just closed, and it's bearish. the first four 4hr candles of the day closed within my trade entry zone (51125-51136), signalling that half of the day has been ranging, and price is still yet to break above or below to decide which direction to take next.
I'm still having my SL at 50935 and will wait for the 5th 4hr candle close by 6pm for my next hold/exit decision.

Today is Monday, and market is still in its formation stage, so I'll just remain calm and optimistic with my positions.

@asuquokelvin @godspowerdan

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@nsg_usd - 7 hours ago

I'm still holding the buys on US30.
The 4hr candle by 2pm just closed, and it's bearish. the first four 4hr candles of the day closed within my trade entry zone (51125-51136), signalling that half of the day has been ranging, and price is still yet to break above or below to decide which direction to take next.
I'm still having my SL at 50935 and will wait for the 5th 4hr candle close by 6pm for my next hold/exit decision.

Today is Monday, and market is still in its formation stage, so I'll just remain calm and optimistic with my positions.

US30 2.30pm momentum move kicked-in bearish, driving price close to my SL at 50935. I've adjusted it to 50748. New risk is 1% and the max I can go for a day.
The previous SL zone at 50935, can act as a support for the sells because it is the opening price of last week's Friday trading day and I'm also watching how price will react to it.
I'll still hold till 6pm if I've not seen any valid reason to cut my losses short before the 6ppm 4hr candle close.

@asuquokelvin @godspowerdan

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@nsg_usd - 7 hours ago

US30 2.30pm momentum move kicked-in bearish, driving price close to my SL at 50935. I've adjusted it to 50748. New risk is 1% and the max I can go for a day.
The previous SL zone at 50935, can act as a support for the sells because it is the opening price of last week's Friday trading day and I'm also watching how price will react to it.
I'll still hold till 6pm if I've not seen any valid reason to cut my losses short before the 6ppm 4hr candle close.

The US30 2.30pm momentum is the first volatility move today, and I'm having convictions it wants to set the weekly low first, before we see a strong rally drive for the week.
I'm still holding my long positions at 51125-51136, with New SL at 50714 price level.

@asuquokelvin @godspowerdan

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@nsg_usd - 7 hours ago

The US30 2.30pm momentum is the first volatility move today, and I'm having convictions it wants to set the weekly low first, before we see a strong rally drive for the week.
I'm still holding my long positions at 51125-51136, with New SL at 50714 price level.

Price respected Last week's Friday Open and Low-price levels at the 3pm 1hr close. The current 3 to 4pm candle closure is already bullish, but I'll be watching out to see if price will break above last week's Thursday High, which was part of the level price relied on for the 2.30pm.

I had placed my first SL (50935) below the Friday's low and the extra stretch at the zone would have kicked me out. Adjusting it just bought me more time on my decision, but it's not a solution for the two inevitable outcomes of this trade which is Profit or Loss.
Price is reversed from this level and is close to my entry zone. 51125-51136.

@asuquokelvin @godspowerdan

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@godspowerdan - 6 hours ago

That's the plan this week. Keep the risk low, protect the capital, and maximize the profits.
I'm waiting for price to break the neckline of this 15mins potential double bottom, to validate the pattern.
Still holding my positions.
Entry zone: 51125-51136
SL: 50935

The impulse is good

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@nsg_usd - 4 hours ago

Quoted - godspowerdan

The impulse is good

Yeah. Despite the heavy sells that kicked in at 2.30pm dropping price from my entry zone (51125-51135) price level to my first and initial SL at 50935, price respected the SL and has returned back to my entry zone, trading above it.
I'll now be adjusting my SL back to 50829, closely below today's low at 50850 which I'm expecting to serve as the weekly low as well.

@segun_33 @kemi_allen_omevia @asuquokelvin @godspowerdan

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@asuquokelvin - 4 hours ago

Yeah. Despite the heavy sells that kicked in at 2.30pm dropping price from my entry zone (51125-51135) price level to my first and initial SL at 50935, price respected the SL and has returned back to my entry zone, trading above it.
I'll now be adjusting my SL back to 50829, closely below today's low at 50850 which I'm expecting to serve as the weekly low as well.

I think you should close out in good profit, so price don't reverse back again to your entry because it can be psychologically draining

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@nsg_usd - 4 hours ago

The US30 2.30pm momentum is the first volatility move today, and I'm having convictions it wants to set the weekly low first, before we see a strong rally drive for the week.
I'm still holding my long positions at 51125-51136, with New SL at 50714 price level.

My convictions served me right. A strong rally kicked in after the sell 2.30pm price action and move.
I'm still holding my buy positions.
Entry Zone: 51125-51136
SL- 50829
The 6pm 4hr candle closed a bullish pinbar/hammer, creating a demand zone at my entry.
This is a good confirmation to continue holding till the last 4hr candle of the day closes by 10pm.

@yokoyi @asuquokelvin @godspowerdan

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@godspowerdan - 4 hours ago

My convictions served me right. A strong rally kicked in after the sell 2.30pm price action and move.
I'm still holding my buy positions.
Entry Zone: 51125-51136
SL- 50829
The 6pm 4hr candle closed a bullish pinbar/hammer, creating a demand zone at my entry.
This is a good confirmation to continue holding till the last 4hr candle of the day closes by 10pm.

You're still holding the trade

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