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Below the updates, you will see the original charts showing buy/sell zones
Published 8/22/17 8:10 am central:
Below you will see the Market Action Scanner, Market Profile breakouts both bullish and bearish on the 60 minute time frame. As you will see we have several markets that are showing multiple time frames and multiple bars above and/or below the profile zones. On the Bullish Side, we are seeing Copper, Natural Gas, and the S&P market. On the Bear side, we are seeing 10-year notes, Wheat, Soybeans, Live Cattle. Take a closer look and use these trends as your bias in joining the trade.
CLICK IMAGES TO ENLARGE
MDA SnapShot: 60 min TIME FRAME FILTERED – Bullish Breakouts
MDA SnapShot: 60 min TIME FRAME FILTERED – Bearish Breakouts
HOW I USE MARKET ACTION PROFILE SCANNER:
I start my analysis each day to see what markets are making moves on this shorter time frame to see who is breaking out, or if counter-trend trades are setting up. Once I have an idea of these longer time frames (weekly, Daily, 240min, 60min) I the use my charts with the profile tools to locate my trading entries if they match the setups we discuss. This analysis often lead to the MDA SnapShot alerts I send out in the newsletter or to clients I speak with on the phone. Stay Tuned.
For those who are new to the newsletter, or would like a refresher on this Market Action Scanner tool that I am using, visit my MDA webinar live “Recast” page below or attend the live weekly event. I start every session looking at Scanner and go through this process. We even have free trials to this tool if you are not using it.
MDA MEMBER TIP:
If you are only used to trading one market and are unfamiliar with the new markets scanner presents, use the Futures Calculator to help figure out risk/reward on the trades
REMINDER: Make sure to sign up 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://www.danielstrading.com/webinar/mda-snapshot-pre-market-chart-analysis
- Webinar Recasts: https://www.danielstrading.com/mda/recasts
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!
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