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 6/10/16 – 9:31 am – Long Position Update
As outlined earlier this morning, we traded down to the 2097-2095 price level. We were able to get long the 2095.75 prices. after it retraced back there and saw buying support hold, and playing the previous level I pointed out. We have moved higher back to the original sell zone this morning. This could create some short term resistance so this would be an area to consider potentially adjusting your stop or taking partial profits. If you are looking to hold longer term. Look to hold long positions with a stop below the 2083 levels.
I will provide a chart shortly showing the MDA SnapShot levels and the JigSaw order flow.
Long @ 2095.75
Last @ 2101.25 +5.50 pts or $275 before fees
Published 6/10/16 – 11:36 am – Long Position Review with Charts
I wanted to provide an update showing the move we saw this morning. We were in the June contract and will be trading the September contract next week. I have also included the zoomed out 30 min chart from this morning to try and show the potential price action we could maybe see this morning. touching the support, retrace higher and then sell off again. That is what we are seeing now on the charts. On the September contract we are touching the newly formed sell zone @ 2087 with the top zone risk @ 2093.50.
Long ES Trade Today June.
Click Images for Larger New window:
MDA SnapShot 30 Min June ES Chart – zoomed out showing levels. Published at 8:39am
commentary from original levels update:
Below you will find the Market Action Scanner. I have included 2 MDA 30 Min SnapShot charts of today’s levels and a more zoomed out version showing previous trading levels and some lines to consider today. I think we hold the 2095 area give or take some points we may not even touch. the first or second time as that is a daily zone. If we retrace back up to 2106-2110 that could be a longer term sell zone, highlighted on the potential price action.
MDA SnapShot 30 Min June ES Chart: Highlighting the buy/sell
Trade Showing te Buy and Sell. The Partial exit of full exit is determined by the trader. An email is sent to notify subscribers of this move. we traded a bit higher, new levls were formed and we have since traded lower, as TAS Navigator is still bearish Red.
JigSaw Auction Vista Chart – showing the large buying coming in on my level, used as confirmation and then the squeeze.
I follow this chart in real-time for order flow to see how the market is trading with bids/asks and larger volume. I waited to see if if the market would retrace back to the level after it first touched it. To let some volatility out and to see what price action we would get. It touched it, moved up and down for a bit then tested the lows again and large buying volume occurred. I used this as a confirmation to my support level and took action. Shortly after we began moving higher and squeezed out weak shorts playing a breakout for new lows.
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