Market analysis and trading signals for the week
18/09/2023 – 22/09/2023
* Please note – this week on Wednesday at 14:00 EST time the treasury budget report in the USA will be published. It is recommended to be out of the market when posting economic announcements.
* Please note – perform futures symbol rollover to September 2020 contracts.
* Please note – changes in stock exchange times for Presidents Day Holiday Schedule – Details here.
* Attention – we start trade on June 2023 contracts. Symbol: ESM23, NQM23, YMM23 RTYM23, etc.
It was a week that wobbled throughout the week. Finally closed the week 12.25 points lower than last week’s close at a price of 4499.00 points.
Weekly support lines:
Support line: 4412.00
Support line: 4318.50? (breakthrough price)
Resistance lines on a weekly level:
Resistance line: 4546.50! – 4562.75
Resistance line: 4597.00
Resistance line: 4671.25! – 4707.75
The ATR20 shows a movement of 51.19 points, down 3.5 points from last week’s volatility.
In the decreases the daily fluctuation increases and at highs the daily fluctuation decreases. To remind you, the multi-year average of the contract stands at 22 points.
* Weekly tip – what does it take to be a trader who makes money consistently?!
In order to be a trader who earns regularly, you obviously need professional tools that will allow you to make informed decisions in real time.
Tools that will increase the chance against the risk that exists in the trading.
Additionally, once you move to trading with real money, you begin to truly understand what it means to be a professional trader. Mental coping and keep disciplined is much more important for one or another tool.
And it still does not guarantee that you will be profitable traders for a long time.
The thing that is needed to be a super trader is to disassemble everything related to you as a human being and reassemble it.
To break down habits, beliefs, worldviews, dealing with failure, with success, dealing with the closest environment, family and friends. Even in front of yourself in the way you present yourself to the world, mainly on social networks.
Disassembly and assembly is a difficult and sometimes painful process. And most people avoid starting it at all.
This is a process that is only suitable for very determined people, emotionally strong, who have high self-confidence and know that they can succeed at any cost.
“To become a super trader you have to go through a painful process. Are you ready to do what it takes to be part of this quality group?”
Great week friends,
Geva Gazit
Which group of people do you want to belong to?
Checklist:
The combination of trading on daily support and resistance levels + rapid response in the correlation between the indices and taking advantage of price spreads that open up between the indices, is exceptionally successful in generating opportunities for very safe profits.
* Trade in the trend:
Buy when there is an overlapping stochastic and DMI confirmation and the market reaches a price level of 4318.00 points up to a price level of 4412.00 points.
Sell when there is an overlapping stochastic and DMI confirmation and the market reaches a price level of 4671.00 points up to a price level of 4562.00 points.
Financial management:
Entry 1 Long Contract at 4494.258?! (Market Price) Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4412.00 Pts. when there is overlapping approval stocastic and DMI.
Entry 1 Long Contract at 4318.50! Pts. when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4562.50 points, Exit 1 contract at 4494.00 points, Exit 1 contract at 4412.00 points, at the end of a trend or toward the end of the day.
Entry 1 Short Contract Price 4546.50! – 4562.75 Pts when there is overlapping approval stocastic and DMI.
Entry 1 Short Contract Price 4671.25 when there is overlapping approval stocastic and DMI.
Exit 1 contract at 4495.00 points, Exit 1 contract at 4597.00 points at the end of a trend or toward the end of the day.
* People who read the review were also interested in the GOLD Course.
* Buy and sell prices are based on a weekly forecast in advance. Decisions must be made on a daily basis each day, based on what the market did during the previous five days and the last day.
** Receiving a password for the demo software will be done by contacting Geva Gazit personally and with the approval of TransAct support.
*** Futures trading involves risk and is not suitable for everyone. The signals and reviews on this site are personal opinions and should not be considered as an automatic recommendation to perform any trade on the basis thereof. Responsibility for performance of trading positions is only by the trader.
Successfully,
Geva Gazit – CEO Geva International Trading
An active trader in futures contracts, a mentor, a coach and an amazing lecturer
