Dow Jones YM Futures Wednesday July 3rd Daytrading Setup Long

3 juil. 2024

I am looking for a continuation Long going into the double top at price target 39,844

I don't know where price will stop at during the pullback, either between the top third or the top half.

I will target 39,830 to be conservative and get out before it reverses. I don't know where the top will be.

Tomorrow will be the day before the 4th and so it also could be a chop day, I am not sure.
All I know is that I don't need to know anything to make money.



I will keep this post updated on my Live performance with my wins and losses. I am not afraid to show any of my losses as I know my win rate is 40% and I am quite wrong. I have no ego regarding this because my targets are always 3 or 4 to 1.

3 juil. 2024

Note

Trade still has not triggered yet. I am still waiting for Longs. Waiting for the market to finish its consolidation and I will go long back up through 39,844

3 juil. 2024

Note

I will be using a 50 tick stop and a 150 tick profit if/when I get filled. I am not sure how far down price will go as it is still consolidating. I could enter in blind limit orders and accept the loss if it happens or continue to wait for the signal Long.

3 juil. 2024

Note

In order to move 300 ticks explosively through up to 39,900, there has to be something to do so. I see there is FOMC minutes at 12pm my time.

I sense a short squeeze setting up for a 300 tick explosive move. Something is going to happen soon.