will open position at the opening of Dow in 35 mn ....
all positind closed on dow in below 25520 zone
all trades closed by market trailing stops
DAX and DOW - perspective
possible ITD 2 L on DOW
There is still GAP on DOW sessions which is not completely closed, though almost closed
DOW Monthly (White) Weekly (Blue and crimson) and Daily (Yellow) pivots perspective was helpful, spot the confluence
Week data from US was of extreme help to day
On US I also use volume and volume candles, volume candles set to 444, 2224 and 6672, charts not posted
Please observe the accumulated session volume and ATR, come to your own conclusions!
The move to the last session close and above once again gave some guidance.
There is a gap still to close on DAX, but the action today has followed US indices
Volume and volume candles were of great assistance, for DAX I use 233. 233x4= 932 and 932 x 4= 3728
Again sessions accumulated volume (XFRA and XERTA are joint together as one session) and ATR
Close of last XETRA session was helpful
Monthly, weekly and Daily pivots were of assistance, notice the confluence
This is not a complete list of things I consider trading indices, however without too much boring details all of the above I find useful, today's session included.
I do not post many calls and live trades as I find it too destructive, though from time to time I do it very selectively
Overall it was a good day on DAX and DOW
i see on your chart London and NY open close , did you find any frequency distrubution of a pattern ?
if the gap to the last session close is very large at the session opening, and gets larger fast, one needs to be patient, it is usually then that intra session gaps are created, these gaps are eventually filled also.
I mark these ntra session gaps, they are indeed very useful.
This morning relatively good data release from Europe and on good data DAX went down, to a nice pivot clusters, at the US data release, week data, and both indices went eventually up from well eatablished possible R (on DOW at least) and DAX followed DOW.
I hope I answered your question to some extend.
GREAT Stuff THKS
Gap closed at 12.114
Of the daily pivot a good move of over 160 pips, 0.618 R was a reasonable PT for the session so far.
Time for intra day fibs of that move and poss reload later on
Stochastics and TDI well in agreement (esp on M5 and M15 TFs), now time to wait for the US session
Reason, Daily R at 25877, USD index is hgh, strong USD
Have to leave trading room soon
Might close above 25900
closing all positions at 25920
original PT reached!, closed 10 pips below that, have to live with that LOL
Good pips on the last trade of this week, the span of just below 300 pips from US open so far, grabbed 280 of them ( staggerred longs as it went up, I do not add the pips of the whole multentry position)
Time to have fun relaxing with friends and family.
Good weekend to all,
Really bad day Friday .... ouch .... especially in the afternoon on Dow....
Dax taking a nose dive ? Why ?
I am expeting DAX to follow DOW for a while, expecting ITD L later today or prefarably tomorrow, than longs will be my preferred options.
DOW is well below FRI close, there is a possibility that DOW will create intersession GAP too. Fed Chair Powell speaks tonight, there also are othe higier impact speaches before Powel, which might produce high vola, and poss close the gap/s. If not DOW might move ofter session close, so I shall establish market orders, if that scenario appears. I any case from late tomorrow for the rest of the week I shall investigate longs in favour of the shorts, which I still hold, but protected. just in case,
It will be an interesting US session, and PA shall clrear the way for the rest of this week.
Lower DOW goes before POwell speaks the better for the clarity.
We shall see, what is blatantly obvoius usually is very dangerous, (in trading).
Good day to all!
Added content 5.25 pm BST
Attention and correction, Thanks to Sixer attention to detail, even if my Delta count is correct, (which is questionable) I have deliberately not deleted the previous post, so my mistake can be seen and corrected.
I have misread the date for ITD L as coming tomorrow, and it is coming on Thursday or before if MTD2 is correct.
Short positions have been covered by trailing Stop, but I didn't go long, esp on DOW for the GAP closure, the move currently in play on DOW
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