Today’s MDA Update:
I am back in the office after a few days of hitting the slopes out west. We are seeing some great continuation in some markets, as well as, great new potential setups. Have a look at the bull/bear scanner updates below.
TAS Market Profile Scanner Charts:
BULLISH Write Up: (Chart Below)
On the 60 min bull breakouts, we are seeing a handful of markets appearing and several great setups to review and consider following. We also have contracts using the Full Bull filter and also on our Bull Radar.
MDA SnapShot: 60 min TIME FRAME FILTERED – Bullish Breakouts
“FULL BULL” – Bullish All 4 Time Frames
“PRIME-TIME BULLISH” – Bullish Weekly, Daily, 240 – Neutral 60 – Potential Key Bull Setup
BEARISH Write Up: (Chart Below)
We are seeing many 1’s appearing on the Bear 60 to start new bear breakouts or continuation. We also are seeing a Prime 3 bear for a short opportunity too.
MDA SnapShot: 60 min TIME FRAME FILTERED – Bearish Breakouts
“FULL BEAR” – Bearish All 4 Time Frames
“PRIME-TIME BEARISH” – Bearish Weekly, Daily, 240 – Neutral 60 – Potential Key Setup
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 then 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
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.
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.
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Originally published 1/30/18 8:45 am central
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