yMean Rotation

This is a simple set-up with well-defined risk and rewards.

Basic conditions

1. Price re-test yMean

2. MACCI OB/OS (+signal dots)

3. IF cycle ready to turn

Entry

1. @vwap

2. ETF dual cycle or LTF cycle OB/OS

Risk (stoploss)

1. yMean

Target (rewards)

1. m2, m3 if any or significant SR lines

2. IFF low to high/ high to low one swing

Directional Cycle Swing

60Minute Set UP

Here NQ100 60MACCI cycle down when crossing yM ( grey bar ).

T2000 Set Up

Wait for T2000 to OB or down, here in this case it is OB and down.

RR Calculation

This is directional cycle swing trade at

Entry = 1162.50 (vwap)

Stoploss = high of grey bar (1174.75) = 12.25pts

Target1 = Low of yesterday 1151 = 11.25pts (RR= 11.25/12.25)

Target2 = M2 @ 1142.60 = 20pts ( RR= 20/12.25)

Target3 = M3 @ 1124 (RR= 38.50/12.25)

Trade management is to set at breakeven at 1151.

INDU Bullish = NO SELLSHORT

The Path of Least Resistance

Today, all the indices were lazy chaps. I said that because they all wanted to pursue the path of least resistance. Most of them were below the pivot lines (various VWAPs) before the open except INDU which was boxed inside mean lines.

There was some potential to see cycle up in futures but INDU cash called the shots.

INDU cycles shifted to DOWN/DOWN and all of them were forced top down.

Market Internals were bearish since the open and that really set the tone.