Ray on Markets

ᴅᴀʏ ᴛʀᴀᴅɪɴɢ ᴛʜᴇ ɪɴᴅɪᴄᴇꜱ : ᴛɪᴄᴋ ᴛᴏᴄᴋ ᴛɪᴄᴋ ᴛᴏᴄᴋ ☀️⏰💰
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⏰ Using Market Internals $ADD $TICK $VIX to identify the type of day will increase your odds. Note that $TICK could not come to the bullish zone any time since open today. Learned to apply this ( 80,2) to the $TICK from Linda Raschke

⏰ Now add Pivot Points and basic Time of Day Functions and Key Decision points
- Previous Day High / Low, Globex High Range, Opening Range, Europe Close - you have yourself a roadmap and decision points throughout the day

⏰ Finally, when in trade, use defined targets + a Volatility Stop to capture the 🍖🥩 of the day's move

𝘼𝙣𝙙 𝙙𝙤 𝙩𝙝𝙞𝙨 𝙚𝙫𝙚𝙧𝙮 𝙙𝙖𝙮

𝐌𝐚𝐫𝐤𝐞𝐭 𝐡𝐚𝐬 𝐚 𝐜𝐚𝐬𝐞 𝐨𝐟 𝐇𝐚𝐥𝐢𝐭𝐨𝐬𝐢𝐬 📈📉😮‍💨

😮‍💨 Market is close to All-Time High but bad breadth persists and has weakened in the last few days

😮‍💨I am using 𝗠𝗮𝗿𝗸𝗲𝘁 𝗕𝗿𝗲𝗮𝗱𝘁𝗵 𝗦𝗰𝗼𝗿𝗲 - a custom tool from

from their excellent Masterclass Series ( ░F░R░E░E░) by David Russel and Jesus Nava

😮‍💨 This tool combines breadth, trend direction and momentum on constituents of each index over multiple lookbacks and presents a smoothed view weighted towards recent data

😮‍💨 Unless we see this score improving soon, we will probably see further downside in the indices in the coming days

𝐎𝐧𝐥𝐲 𝐏𝐫𝐢𝐜𝐞 𝐏𝐚𝐲𝐬 📈📉💰 $MSFT $ADBE

📌 As we begin the week studded with 15 speakers + minutes, I present Only Price Pays

📌No averages, regression etc, - simple and effective view of trend of price 🔴🟢

📌 We see $NASDAQ still in 🟢 both on weekly and daily

📌 But and are both in 🔴 on the weekly and daily - thereby showing relative weakness as well as 🔴 trend of price

📌 These would be my candidates if we get further correction during October



Charts using TradingView

ALPHASTRIKE SYSTEM :Day Trading Performance Aug 8, 2024



💰$16920 per Nasdaq futures traded
💰2.92 Profit Factor for the day

💸 We had second back-to-back trend day
💸 System produced a great signal ( with Boost - green arrows) just before data release
💸 That led to upside breakout which was retested at NYSE open
💸 Retest was followed by a monster move enough to make your day
💸 Two more good signals and we close with ⚡️🌩️ profit and profit factor for the day

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