MDA SnapShot: Market Scanner Bull/Bear Breakouts 60 Min, 6/27/17 – Inside Futures

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Below the updates, you will see the original charts showing buy/sell zones

Published 6/27/17 8:30 am central:

Traders,

Below you will find the 60 Minute breakouts for the bulls and the bears using the market action scanner. The number indicates how many bars it has closed above that 60-minute level. The smaller level, the least amount of time it has traded and could be a new breakout. The higher the number the stronger the trend. Use these breakout markets as a starting point to begin looking at smaller time frames. Stick with the bullish or bearish trend outlined.

CLICK IMAGES TO ENLARGE

MDA SnapShot:  60 Minute Scanner – Bullish Breakouts

MDA/MAS

MDA SnapShot:  60 Minute Scanner – Bearish Breakouts 

Source: MDA/MAS

HOW I USE 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 the 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

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