MDA SnapShot Alert: Bull/Bear Scanner Profile, Bearish Opportunities, 12/7/17

The post MDA SnapShot Alert: Bull/Bear Scanner Profile, Bearish Opportunities, 12/7/17 appeared first on Daniels Trading.

Today’s MDA Update:

Published 12/7/17 8:45 am central:

Traders,

We are seeing many bearish opportunities in play today. Have a look at the charts and the write-up below.

BULLISH Write Up: (Chart Below)

Not many bullish breakouts in the 60  min time frame at this moment, however, this will most likely change throughout the day so keep an eye on the scanner. We highlighted a pop in the 10yr not 60 min time frame as a profile divergence and opportunity to consider shorting this market.

BEARISH Write Up: (Chart Below)

In the bear camp, we are highlighting the Aussie dollar. As it is bearish 4 time frames, and 3 of these are the first time. Look to join this downward trend. Either sell a top box of short-term time frames or lean on 60 min bottom levels.

In addition to the Aussie dollar, we are seeing a handful of other markets with strong bearish scanner confirmations. I would definitely consider selling any of these on small pops.

TAS Market Profile Scanner Charts:

CLICK IMAGES TO ENLARGE

MDA SnapShot:  60 min TIME FRAME FILTERED – Bullish Breakouts

Source: MDA/TAS

MDA SnapShot: 60 min TIME FRAME FILTERED – Bearish Breakouts 

Source: MDA/TAS

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 SnapShot Live Recasts

 

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

Futures Calculator

 

WEBINAR 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

MDA Background:

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