Trade Idea 2024-12-30 and Review of 2024
As the year comes to a close, we expect it to be a quiet week. If you haven’t already, now is an excellent time to set your trading goals for the coming year. Where will your focus be? Which markets will you trade actively? What is your risk management plan?
It is also a good time to complete a review for 2024 if you have not already! Keeping a trading journal is essential for tracking progress and learning from your mistakes.
Active trading, like other high-performance activities, requires resilience, focus, and a winning mindset, but even with these attributes, losses are a natural part of the process. Always trade with a clear plan, manage your risks effectively, and never trade with more capital than you can afford to lose.
As we wrap up the year, we are sharing a couple of the most popular charts we reviewed in 2024 and reflecting on the following questions we asked ourselves:
Volume profile provides key insights into market auction and interaction of buyers and sellers.
This is how we approach markets although there are many other ways of doing so.
Big Picture ES Futures:
Key Levels:
2024 mid point: 5574.50
2024 VPOC: 5441.75
2024 Value Area High: 5844.25
2024 High: 6184.50
Fib Extensions Target 1: 6388
Fib Extension Target 2: 6514.25
Fib Extension Target 3: 6590.75
Fib Extension Target 4: 6695.50
Big Picture BTC Futures:
Key Levels:
2024 High: 108,960
2024 Mid point: 77,865
2024 VPOC: 69,710
2024 Value Area High: 79,525
Key Support for Bulls: 78,000 - 76,000
Big Picture CL Futures:
Key Levels:
Composite Value Area High: 79.65
2024 Value Area High: 74.90
2024 Mid point: 72.14
2024 VPOC: 69.70
2024 Value Area Low: 66.70
Composite Value Area Low: 63.55
We await the start of the new year to further gauge short term price action, volume and ranges for the upcoming year! Happy trading from EdgeClear! We wish you all a great 2025!
Disclaimer: The views expressed are opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
It is also a good time to complete a review for 2024 if you have not already! Keeping a trading journal is essential for tracking progress and learning from your mistakes.
Active trading, like other high-performance activities, requires resilience, focus, and a winning mindset, but even with these attributes, losses are a natural part of the process. Always trade with a clear plan, manage your risks effectively, and never trade with more capital than you can afford to lose.
As we wrap up the year, we are sharing a couple of the most popular charts we reviewed in 2024 and reflecting on the following questions we asked ourselves:
- What has the market done?
- What is it trying to do?
- How good of a job is it doing?
- What is likely to happen from here?
Volume profile provides key insights into market auction and interaction of buyers and sellers.
This is how we approach markets although there are many other ways of doing so.
Big Picture ES Futures:
Key Levels:
2024 mid point: 5574.50
2024 VPOC: 5441.75
2024 Value Area High: 5844.25
2024 High: 6184.50
Fib Extensions Target 1: 6388
Fib Extension Target 2: 6514.25
Fib Extension Target 3: 6590.75
Fib Extension Target 4: 6695.50
Big Picture BTC Futures:
Key Levels:
2024 High: 108,960
2024 Mid point: 77,865
2024 VPOC: 69,710
2024 Value Area High: 79,525
Key Support for Bulls: 78,000 - 76,000
Big Picture CL Futures:
Key Levels:
Composite Value Area High: 79.65
2024 Value Area High: 74.90
2024 Mid point: 72.14
2024 VPOC: 69.70
2024 Value Area Low: 66.70
Composite Value Area Low: 63.55
We await the start of the new year to further gauge short term price action, volume and ranges for the upcoming year! Happy trading from EdgeClear! We wish you all a great 2025!
Disclaimer: The views expressed are opinions and should not be interpreted as financial advice. Derivatives involve a substantial risk of loss and are not suitable for all investors.
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