Here you will find the most recent update released today in the Market Dimensions Advisory. This update is showcasing a review of the S&P and the levels associated with the MDA SnapShot highlighting the move, as well as analysis on where we may go from here. To get these updates sent directly to your inbox, please subscribe for free HERE. To see all MDA updates visit my blog page HERE.
Published 2/29/16 3:28 pm central:
This morning we didn’t really have our levels in play we were above the boxes near the open from the early morning move higher. However, we did see these 30 min levels update twice today. I do my very best to notify followers of when levels change or where I am looking to execute trades. Unfortunately with fast moving markets and other duties to my brokerage business I do not have the time to create the similar morning update emails as I do during the session. That is why I encourage everybody who is following along and trading to try and utilize the tools I use so you can see them develop in real-time on your own and take action. Or, if you do not have the time to do that, I would inquire into working directly with me and my higher service level arrangement where I can provide better notifications. (I am happy to discuss this with interested prospects any time near the close of a session).
That being said, I wanted to showcase some of the levels that worked today. Especially the sell off at the end of the day as we had a sell zone develop and was hit. The sell off went through our 2nd sell zone of the day and targeted the sell zone area presented early this morning. I was unable to participate on this trade for my clients following POA, as I had been in the long and was done for the day, but I did want to pinpoint the move. I spoke to several online traders who confirmed with me the zone and took action. I also have included an updated market action scanner for you to review as well. We will see what the overnight brings and what levels we have tomorrow.
If you would like to gain access to these tools I use, just reach out to me and let me know. You can find some of the resources here.
· Market Action Scanner Webinar: http://ow.ly/YNTLl
Market action Scanner updated (click for larger image)
Subscribe to Market Dimensions Advisory
Market Dimensions Advisory - Get Inside the Mind of Commodity Market Professional Andrew Pawielski! The Market Dimensions Advisory leverages Andrew’s own live trading and a career of working directly with professional traders, commercial clients and institutional business. This deep understanding combined with countless hours of technical market analysis have made Andrew proficient with trading execution and the trading process.
Market Dimensions Advisory includes an email newsletter subscription.
Market Action Scanner
The Market Action Scanner is a premier Market Profile based scanner powered by the acclaimed TAS proprietary algorithms. Sign up for a 14-day trial to Market Action Scanner!
STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
THE RISK OF LOSS IN TRADING COMMODITY FUTURES AND OPTIONS CONTRACTS CAN BE SUBSTANTIAL. THERE IS A HIGH DEGREE OF LEVERAGE IN FUTURES TRADING BECAUSE OF SMALL MARGIN REQUIREMENTS. THIS LEVERAGE CAN WORK AGAINST YOU AS WELL AS FOR YOU AND CAN LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.