[Trade Update] MDA Premium Room Trades, ES, Crude and Gold, 2/8/18

Today’s MDA Update:

Published 2/8/18 4:59 pm central:

Traders,

As you are all aware, I am now operating my MDA updates through the MDA Premium chat room. This software is life changing for me in terms of time and efficiency. It is allowing me to easily present my charts, commentary to the group and explain in real-time my thought process and analysis for the trades.  The emailed format served its purpose as the educational tool showing the trade, but if you are looking for ideas and the ability to take action the room is the place to be.

Along with the MDA Premium Room, your premium membership gives you the exact same tools I use with your Daniels Trading account and private members-only educational events and resources. If you are not familiar with what I am doing, check out the FREE weekly webinar I have been doing every Wednesday for over a year. I am doing the work to share with you what I am doing. Take advantage of it and join the team.

  • MDA Bundle Paid Subscription Sign Up Page: https://www.danielstrading.com/products/market-dimensions-advisory-paid-edition

Here is a breakdown of what we did today. We sold the ES based on several time frames, 5/15/30 minutes, We got Short Crude Oil based on a 60 min divergence and sold the 4-hour bottom boxes, and we bought gold.   Have a look at the charts below showcasing the trades.

I have also included a screenshot of the chat room so you have an idea of easily these are presented.

MDA Premium Room SnapShot: 2/8/18

Source: MDA Premium Room

MDA SnapShot: Short ES Trade – 2/8/18

Source: MDA/TAS/dtPro

MDA SnapShot: Short Crude Trade – 2/8/18

Source: MDA/TAS/dtPro

MDA SnapShot: Long Gold Trade – 2/8/18

Source: MDA/TAS/dtPro
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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.

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:

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.

To get these updates sent directly to your inbox, please SUBSCRIBE Below.

Contact me directly @ 800-958-9571 or via email: apawielski@danielstrading.com 

Twitter @MDA_SnapShot 

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