Swing Trades DAX/DOW/NQ/GOLD

Commerce Secretary Howard Lutnick about tariffs :

MNQ counter Scalp long 19.425 last 4 lot

T2 +15/16p 3 lot
1 left/SL BE
Closed +17/18p last lot

450 is RS for now

Next target 500 zone

MNQ Long 19.460 last 2 lot
T1 +10/11p 2 lot
T2 +20/21p 1 lot
1 left +10p locked in
Closed +15p last

500 again? RS zone
Next 525

MNQ Re entry 19.598 3 lot
T1 +20/22p 2 lot
1 left
Closed +27p at WS1

Target WS1 615/620 zone

Not many Renko charts posted recently. Have you given up on them? Now that I have finally made the switch to Renko.

Renko is running on tick data.
Sometimes they lagg a little during plotting in very Vola moves. (NQ/MNQ only due to massive contract numbers traded)
So I limit my RE charts a little.

Still like them very much.
They show very sharp entries/exits.

Each brick has the same point value (what makes it easy to calculate/place your SL).

Thanks, I see. If you're on Ninjatrader I've heard that some 3rd party Renko bars are better than the NT ones. I'm on Tradovate and don't suffer from lag, but instead no pivots or VWAPs can be plotted...


Me too. love them. Can't understand why I haven't got to this point before...oh, yes, now I remember: I've been fretting too much over the small stuff.

MNQ Short 19.521
T1 +14/15p 4 lot.
1 Left/SL BE
Closed +26/27p at 500 zone

Target 460/450/400 DS1 -1.0%

SnP need to cross below -0.5% to make the NQ drop further

Waiting for US news now

ES MINI Short Scalp 5585 2 lot
T1 +4p 1 lot
1 left SL BE
Closed +8p at -0.5% zone
MES 2 lot short 5587 still running
Closed +11p at -0.5% zone

The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though the fiscal year is not yet at the halfway point.

The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though the fiscal year is not yet at the halfway point.

For the year, the deficit totaled $1.15 trillion through the first five months of fiscal 2025. The total is about $318 billion more than the same span in 2024, or roughly 38% higher, and set a record for the period.

The deficit swelled in the final three years of former President Joe Biden’s term, growing from $1.38 trillion to $1.83 trillion.

Trump has made getting the government’s fiscal house in order a priority since taking office. Since taking over, he created the so-called Department of Government Efficiency, led by Elon Musk. A Treasury spokesman said there were no apparent impacts yet from the DOGE efforts.

At the same time, Trump wants to extend the Tax Cuts and Jobs Act, spearheaded during his first administration. While Trump has touted growth that the tax reductions would bring, multiple think tanks say renewing the act also would add $3.3 trillion to the deficit over the next decade.

ES Long 5594 1 lot
Closed +4.5p

2 MES Long running 5593
T2 +8.5p 1 lot
1 left/SL BE
Closed +6.5p at 5600 zone

5600 RS zone
Y close @ 5604 zone

MNQ Long 19.572 last 2 lots
T2 +15p 1 lot
1 left SL BE
Last closed BE

All markets are in a very sideways still bearish zone. Scalp mode only

No single reason for any BO (yet)

MNQ Short

T1 +13/15p 4 lot
1 left
Last MNQ closed -5/6p
Glued to 500 zone

MNQ Sh again 480
T1 +33/35p 3 lot
1 left

Last closed +85p at 400 zone (closed to early/hindsight)

Target -1.0% DS1 400 zone

MNQ Long 350 last lot
Closed BE last lot

Treasury Secretary Bessent said the White House is focused on the ‘real economy’ and not concerned about ‘a little’ market volatility

Little?

MNQ Swing long just closed +110p

Multy RS levels just above
DPP/WS1/600/Wk VWAP

180 degrees reverse bar