Today’s MDA Update:
Published 2/9/18 11:30 am central:
We have had a very strong first week in the MDA premium room utilizing my analysis on the TAS tools. Today we had 4 trades released to take action on. Russell, Bond, ES and Crude oil. The Russell and Bonds were prime 3 Bear setups. The Crude broke a 60 min bottom zone and was a position add from our shorts yesterday and the ES we had a handful of plays and used a 10 min level that held for 5 bars to breach and start our move lower, and then a position adds at the 30 min bottom.
We are 3 for 4 on the day as the Bonds trade moved higher and stopped us out.
I encourage you, long-term followers of the MDA, to call me and discuss this new arrangement. It is an environment that I share charts and provide commentary via chat. Not something you have to sit in video style and stare at my charts all day. YOu have running in the background or via the smartphone app and use early morning updates to incorporate into your trading plan. If you do not want to trade these on your own, click the updates, see what I am doing and call me for broker executed services. Stop missing out today and join.
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Here are the trades we did today thus far and a screenshot of the room to give you a glimpse of how it works. I will be reviewing further in my weekly webinar this Wednesday at 8:15am cdt. Join live or watch recording to learn more.
MDA Premium Room SnapShot: 2/9/18
MDA SnapShot: Short Russell Trade (prime 3 Setup – Still short) – 2/9/18
MDA SnapShot: Short Crude Trade (60 min bottom position add – still short)- 2/9/18
MDA SnapShot: Short 30 yr Bonds Trade (prime 3 sell – stopped out – 2/9/18
MDA SnapShot: Short ES Trade (10 min sell and 30 min) – 2/9/18
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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.
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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.
- WEBINAR Sign Up:https://www.danielstrading.com/webinar/mda-snapshot-pre-market-chart-analysis
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