Below you will see the published updates from the Market Dimensions Advisory showcasing the positions that were executed following the MDA SnapShot levels that were released from today’s session. This content is from the “Trading Updates/Recaps” that go out to MDA Subscribers. If you would like to follow these trading alerts in real-time, receive them in your inbox and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm. To get these updates sent directly to your inbox, please SUBSCRIBE HERE. To see ALL MDA published updates (trading recaps, daily levels, and educational trading material), visit the MDA BLOG PAGE: HERE.
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Below the first update, you will see the original charts showing buy/sell zones
Published 6/27/16 – 9:10 am – Short Position Update
We finally made a new low after our short position entry we retraced back to the short position after hitting 1997.50 and traded around 2000 for a bit. We just now made a new low @ 1995.25, I would suggest taking partial profits at this zone and start trailing your stops. We are getting some quick choppiness as bids/ask are very thin.
Short @ 2001.75
last @ 1995.25 +6.50 or $325 before fees
Published 6/27/16 – 2:51 pm – Short Position Update – End of Session update with Chart2
As outlined this morning, we still need to approach these markets with volatility being in control and that can lead to wider trading ranges. When this occurs I look to reduce my position sizing in order to handle the wider swings.
This morning we had levels starting the session with a sell zone right near the overnight low. It took some time to break lower, but it finally did and gained some momentum throughout the day. I sent an email with a partial exit on the part of the move since is done in my standard fashion to bank part of the move and then adjust risk to let the remaining position ride. For those who were able to do that, we were able to get a run at the lower 1985-1982 level. Since that first low was put in we saw us bounce back and forth been our partial exit and the 1988 range. We did make a new low not too long ago and the market has since retraced back up.
I did want to provide a chart showing the move as well as the new levels. We will see what we do in the overnight and will develop new our trading plan for tomorrow in the morning.
MDA SnapShot 30 Min Chart – 6/27/16
Published 6/27/16 – 8:44 am – Morning Levels
We could have another volatile session, so make sure to reduce risk/size on trading and be comfortable scratching trades, trailing stops or taking quick profits. It is hard to say if we will break this 2000 level or trend back up to the mid-2030’s. we are just getting filled with our sell zones.
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