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 6/17/16 – 10:54 am – Short Position Notifications
I wanted to provide an update on the morning levels I sent out and the theme that we could potentially be trading in this current range of the Weekly POC and Weekly Top, which is in line with the Daily/240 POC too. Below I have an updated chart showing these levels after our sell zone this morning. I released an email after we were filled about partial exits and keeping a close eye on the position. After a bit of chopping between our entry and the current low, we finally got some larger orders and momentum coming into the market and we moved lower. We traded down almost exactly to the Weekly POC/Daily Bottom on Market Action Scanner as outlined this morning. I just wanted to provide an update on this.
The combination of using the TAS Tools on our dt Pro platform, my MDA Charts and using Market Action Scanner to help locate bigger picture support and resistance levels helps us find short-term trading opportunities. I look to trade multiple positions, take partial profits on the trade, adjust risk and then try and let things ride to hit a further out trading objective. The whole point of using and learning these tools are so you can gain confidence in an approach and make it your own. Start slow and small and over time as your confidence builds increase your leverage.
There are no crystal balls, no holy grails to trading, it involves risk and being comfortable with putting trades on. I have found these tools and my method of using them to be what works best for me. I showcase the E-mini S&P but these techniques and analysis do work on all the commodity markets. Take a look for yourself by contacting me to get access.
Have a great weekend we will pick things up next week. I am off to see Jake Arrieta Pitch for the Cubs against the Pittsburg Pirates at Wrigley Field. Enjoy these great Chicago Summer days while they are here!
Updated MDA SnapShot Chart:
Morning SnapShot Chart Showing Levels: Sent 8:32 am
Market Action Scanner – Highlighting levels: Sent 8:32 am
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