US30 (Dow Jones) Market Analysis and Trade Setups - Page 7

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@kemi_allen_omevia - 9 hours ago

Quoted - kemi_allen_omevia

When does New York session start?

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@asuquokelvin - 9 hours ago

Quoted - nsg_usd

Thank you for the suggestion. I'm taking it into consideration.
After closing out the one of yesterday this morning, I felt a bit bad but had to quickly switch thoughts and maintain a positive and optimistic attitude while following up on the setup. Having those entries again has improved on my mood even though it's not guaranteeing the same amount of profit the previous positions would have accumulated.
It's a thing of joy when you don't miss out, and at the same time not chasing price, and it takes a right and strong frame of mind to keep up with positive attitude in trading, not just for profits, but for the passion of it as well.

Yes, keeping up the right attitude because it can be psychologically draining sometimes, if not careful you can even lose focus

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@nsg_usd - 8 hours ago

Quoted - kemi_allen_omevia

When does New York session start?

New York session starts 1.00pm Nigerian Time. But during daylight savings in the US, It starts by 2.00pm.
Currently it starts 1.00pm

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@nsg_usd - 8 hours ago

Quoted - kemi_allen_omevia

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New York session starts 1.00pm Nigerian Time. But during daylight savings in the US, it starts by 2.00pm Nigerian Time.
Currently it is 1.00pm but from November, it will shift to 2.00pm because of daylight savings in the US.

@kemi_allen_omevia

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@nsg_usd - 7 hours ago

Quoted - nsg_usd

New York session starts 1.00pm Nigerian Time. But during daylight savings in the US, it starts by 2.00pm Nigerian Time.
Currently it is 1.00pm but from November, it will shift to 2.00pm because of daylight savings in the US.

But the Interesting thing to note is, Although New York session starts by 2.00pm, The US stocks Exchange market opens by 2.30pm that's why volatility is usually very high on indices like US30 and NAS100 by 2.30pm.

@kemi_allen_omevia

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@nsg_usd - 4 hours ago

Quoted - asuquokelvin

Why the 51,990-52,000 region? Is there something peculiar about the region?

51990-52000 is the next key resistance level because it is the origin of the lower high that gave the most recent low of last month, and this month. Price will not easily break through it but will face resistance from bears just like in previous times.
Also 52,000 is a round psychological level, and psychological levels attracts orders, making that region a key area of interest for both buyers and sellers.

So, I'll still hold my trades since it is low risk. Entry: 51518, SL: 50838 although price has invalidated the intraday's bullish channel and will possibly be heading for a retest of that monthly trendline resistance as support at the 51101-price level.

@asuquokelvin

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