Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could be executed by traders who are following the MDA SnapShot updates.
If you would like to follow these trading alerts in real-time 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 Below.
Contact me directly @ 800-958-9571 or via email: firstname.lastname@example.org
SUBSCRIBE: (Copy Paste into Browser): http://buff.ly/1KHifiZ
Below the updates, you will see the original charts showing buy/sell zones
Published 6/8/17 9:22 am central:
Gold is a market I have had my eye on. We have highlighted several buying opportunities in the MDA updates on this bullish run up to 1300. Those who are using the charts on their own have been able to participate in many of these trades that we have discussed over the phone.
Gold made a run at 1300 and failed to break and close above. We have seen selling levels penetrated on the shorter time frames so we have a most recent bearish tone in place when looking at Market Action Scanner. However, when you look at the Daily and weekly time frame, we are seeing a couple interesting items.
When looking at the Daily time frame, you see that we have had new levels form and we are now pulling back to that top zone and sitting on a very high volume zone.
When looking at the weekly chart, you see that we traded through the weekly top zone but we have been unable to hold but we still have time today and tomorrow to challenge and close above. Essentially we made a run @ 1300 and Bulls failed to break it. I think they will be targeting that again.
Below you will find both the Daily and Weekly Charts. Look to play this retracement using these levels. When using a daily time frame risk is always extended further, but we look to take larger profits.
Remember their Mini and Micro contracts in gold. Specifically look at these minis below.
- ZYG – ICE Gold Mini Contract – 3rd the Size
- QO – CME Mini (Wasn’t too popular of a contract until ICE changed their data fee structure – Half the size
CLICK IMAGES TO OPEN CHART CONTENT
MDA SnapShot: August Gold Daily Chart 6/8/17
MDA SnapShot: August Gold Weekly Chart 6/8/17
REMINDER: Make sure to signup for my LIVE MDA SnapShot Webinar every Wednesday. You will be able to see all of these tools in real time, as well as, the markets and time frames you want to watch with instant analysis. Even if you cannot attend live, sign up, as you will get a recast email of the event.
- WEBINAR Sign Up: https://attendee.gotowebinar.com/rt/6943318454982258435
- Webinar Recasts: https://www.danielstrading.com/mda/recasts
Subscribe to Market Dimensions Advisory – Free Edition
Market Dimensions Advisory – Free Edition - Market Dimensions Advisory leverages insights gained from working with professional traders, commercial clients and institutional businesses paired with an understanding of market relationships, order flow and trading volume, along with news, trends and seasonal info, to give you a "3D view" of trading.
Market Dimensions Advisory – Free Edition 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.