Recent Articles by Ricky Wen

Market Analysis for May 7th, 2021

ES - no surprises, price action followed our 4hr white line projection...given the temporary bottom context from 4120 lows.Train riders locked in some short-term gains.
by Ricky Wen - 1 day ago

Market Analysis for May 7th, 2021

SymbolESTrade TypeLongTime/Date6-May-21TimeframeSwingEntry Price4,151.00Exit Price4,228.00Exit made in the ES Trade Alerts - Intraday Swing.Take profits on ES.Bonus train rides like GC,PL,CL,NKD : make sure you manage risk properly by tightening stops and/or take partial profits when they hit their respective targets. All winners.
by Ricky Wen - 1 day ago

Market Analysis for May 6th, 2021

Next time someone asks you whether moving averages work or not 👇 You tell them they are great to quickly judge short-term momentum in respect to chart's timeframe. Valuable tool when paired with the correct market context, presuming you know what you are doing when judging odds. They do not work 100% of time. (please note: most moving average users are novices and do not understand context+market dynamics and jump from one methodology to the next...
by Ricky Wen - 2 days ago

Market Analysis for May 6th, 2021

ES Educational SnippetEssentially, our whole gameplan since yesterday was to wait for some sort of higher lows setup given Tuesday's 4120 temporary low/sticksave context. If you recall, we have been treating 4120 as the current low so we have a reference point to trade against...aka what is MUST HOLD and how to gauge momentum. (sideways bullish consolidation setup)Yesterday, price action only got as low as 4153 and bounced quickly back to 4180 then got smacked down to 4155 at EOD. Not many good opportunities unless you were doing fast scalps.Now, this is the 2nd time and also the second inside/range day in a row so we may have a better chance as bulls must sticksave around this support area.
by Ricky Wen - 2 days ago

Market Analysis for May 4th, 2021

Here's a quick daily chart dump, sharing for free (no updates will be posted)NQ + AAPL+AMZN + FB +GOOGL +MSFT +TSLA daily charts....quick scan.5/6 mega cap stocks below daily 20EMA, only FB above and remain the strongest of the bunch.NQ broke below 13700 and opened up flood gates quickly, now 13400s...
by Ricky Wen - 4 days ago

Market Analysis for Apr 29th, 2021

Mid-day update - quick and dirtylessonWe took some profits at the open given 4200 target being fulfilled.The gap up and go/trend day setup quickly became gap up and crap so hit trailing stopouts on swing.Always remember the ability to walk away is a valuable trait as the market has many instruments and opportunities in the future when things look unclear in the immediate front.
by Ricky Wen - 1 week ago

Market Analysis for Apr 26th, 2021

Bonus AreaSharing a few bonus charts that should give you a visual why I've been so bullish in best in breed setups4-5x min rewards vs 1x risk as we loaded up at/near the lows.
by Ricky Wen - 1 week ago

Market Analysis for Apr 26th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – Déjà vu,Bull Train Gearing Into Month End HighsCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. We specialize in quick intraday alpha setups and short-term swings with duration of 2-5 days holding period.
by Ricky Wen - 1 week ago

Eyeing ES/SPX 4200 As We Head Into Month-End

Heading into today, we want to buy all intraday dips when price action above 4150 on the Emini S&P 500 (ES).
by Ricky Wen - 1 week ago

Bull Train Unfazed, Grinding Higher

Every dip into support has been bought this week, so expect a steady grind to hold when above the overnight low at around 4120 on the Emini S&P 500 (ES).
by Ricky Wen - 3 weeks ago

Market Analysis for Apr 6th, 2021

Friendly Reminder - Figure Out Your Best Bang For Your BuckFor ES+NQ, short-term a bit extended judging by daily upper bollinger bands and the recent 3 days~ straight up into their respective targets/resistance zones. We're letting it cool down a bit and waiting next opportunities. As discussed yesterday, RTY's dip into support zone 2250s-2230s was a decent place to rotate into given our realized gains from ES+NQ's swing low into current highs area.Small caps could play catch up in the next 2-5 sessions.
by Ricky Wen - 1 month ago

Short-Term Bulls In Full Control

Be warned that 4050-4078 will be a tough zone and unlikely to get through on first try basis so we plan on trimming profits into strength.
by Ricky Wen - 1 month ago

Market Analysis for Mar 31st, 2021

ESNo surprises yet, now trading at 3971. Price action still following our beloved 4hr white line projection as it makes HLs+HHs.Let's see if we see some stampede action into 4k later today...2-4pm. Otherwise, might need to wait for tomorrow.
by Ricky Wen - 1 month ago

Market Analysis for Mar 31st, 2021

Compare and contrast...NQ multi-week IHS bottoming pattern...fly me to da moon!Dead wrong if price action now goes below yesterday's low. AKA, false breakout/gtfo....
by Ricky Wen - 1 month ago

Market Analysis for Mar 31st, 2021

E-mini SP 500 Futures: Keep It Simple Stupid –Quarter End Closing, Gummy Bears Served On A Silver PlatterCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. (some key levels + strategies have been redacted for fairness to subscribers)Tuesday closed at 3949.
by Ricky Wen - 1 month ago

Market Analysis for Mar 29th, 2021

Been very busy refinancing my cat to raise some more cash, rotating portfolio and accumulating ETFs+ stocks across the boardI've shared many picks via futures/commods/stocs over the past few months, but these are must watches for me...Thinking some of these Chinese large cap stocks will lead in the next rotation in a big way. KWEB, TCHEY, BABA, MPNGY, PDD, BIDUhttps://www.elliottwavetrader.net/trading-room/thread/6870987It's crucial to do your own homework first before seeing mine.  Sharing some more of  my homework with charts this time.
by Ricky Wen - 1 month ago

Market Analysis for Mar 29th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid –Quarter End Closing, Buyers Need To Win It AllCopying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. (some key levels + strategies have been redacted for fairness to subscribers)Friday closed at 3962.25 which was a new all time high weekly closing printWe’re treating last week’s low of 3843 as the higher lows setup on daily+weekly chartThis means that it’s very crucial for the bull train to keep continuing higher lows and higher highs this week.
by Ricky Wen - 1 month ago

Market Analysis for Mar 24th, 2021

Here's quick charts...ARKK ARKG ARKF ARKW ARKQAll these ETFs look fugly on a daily timeframe.(price action rejected vs trending daily 20EMA resistance...needs to find a bid soon...
by Ricky Wen - 1 month ago

Gearing Towards Quarter-End Highs

There’s potential that the Sunday night low of 3885 on the Emini S&P 500 (ES) could be this week’s low.
by Ricky Wen - 1 month ago

Market Analysis for Mar 18th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – Rejected vs ATHs Again, Don’t Get Complacent Part 2Copying and pasting a section from our ES trade alert room’s premarket gameplan report. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum.
by Ricky Wen - 1 month ago

Market Analysis for Mar 15th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – March Lows V-Shape +6%, Likely ATHs Into End of Q1Copying and pasting a core section from our ES trade alert room’s premarket gameplan report where we demonstrate real-time trades and educational lessons. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum. (some key levels have been redacted for fairness to subscribers)Heading into this week, we’re definitely bullish biased given the first half of March completing a +6% quick bounce off the lows. Look for BTFD opps vs our key levelsWe included our price projections for visual aid (white line = primary, red alternative.
by Ricky Wen - 1 month ago

Bulls Need Decisive Breakout

Today is an important day to judge momentum because NQ stabilized yesterday with its +3.5% massive upside day, and bulls need to demonstrate a decisive follow-through.
by Ricky Wen - 1 month ago

Market Analysis for Mar 4th, 2021

E-mini SP 500 Futures: Keep It Simple Stupid – Judgement DayCopying and pasting our ES trade alert room’s premarket gameplan report where we demonstrate real-time trades and educational lessons. FYI, the ES trade room provides real-time entries and exits with pre-determined stoploss and target levels alongside with real-time lessons on strategy/risk management/psychology/momentum.Sharing all key levels here as a 1 time thing given the market at precarious spot. We navigate the markets via a level by level approach tactic and momentum is judged day by day. Let price action dictate your actions here.
by Ricky Wen - 2 months ago

Market Analysis for Mar 3rd, 2021

Those who endure, conquerWorth re-posting to the main room here imho...
by Ricky Wen - 2 months ago

Market Analysis for Mar 2nd, 2021

Some crucial mistakes that I wanted to go over really quickly…hope you learn something!For reference, key levels derived from homework going into today were 3885, 3878, 3862 + overnight low = 3866.25 , 3850 (absolute must hold if trend week bulls’ setup)Tuesday March 2 ES scalping mistakes stemmed from last week’s Feb 24 mistake. Overall, see how discipline played an important part.
by Ricky Wen - 2 months ago