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Market Profile (MP) levels/targets for DAX DOW NQ

  • #1,021
  • Edited 7:35am Jul 5, 2017 7:18am | Edited 7:35am
NQ has a job to do on the upside.
Current price @ +0.75% now @ 5608

SnP has no job to do, exept maybe go up to the Rec. High again or dive on the FOMC news

NQ and SnP are very different markets
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,022
  • Jul 5, 2017 7:32am Jul 5, 2017 7:32am
DAX is right between 2 Monthly POCs April and May and there is a Daily GAP to fill below on the April POC zone.

Keep that in mind.

If the US markets are gone make a down correction for whatever reason, this could be the DAX target as correction
Attached Image (click to enlarge)
Click to Enlarge Name: DAX Day Bar Weekly TPOs.JPG Size: 182 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,023
  • Jul 5, 2017 7:43am Jul 5, 2017 7:43am
NQ will see resistence @+1.0% @ 4620
and Monthly POC @ 5626 just on the bottom of the Pocket

Y High @ 5618

+25 points locked in and trailing closer
FLAT +26 points last lot

We will likely get a pull back again soon...
My STOP MA line (red/green) is still rather deep below the SLOW MA line (pink/magenta) so both lines could pull the price down again. Overbought.
So my MA lines are still Bearish even tough we have this nice spike/pop just now
Lets wait and see...............
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (35 Range) 2017_07_05.png Size: 80 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,024
  • Edited 8:16am Jul 5, 2017 8:04am | Edited 8:16am
Quoting z.h
Can you give us the indicators and the template you use?
The indicators are T3 MA lines and I use Ninja made TPO program.
The TPO I can't give siince I had to buy it myself and there is a license on it.
Same for the personilized T3 MA lines and all the other stuff I use.

T3 MA lines are often available on other platforms as well. So is the TPO program. (maybe it will look a little different)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,025
  • Jul 5, 2017 8:09am Jul 5, 2017 8:09am
NQ is looking for more buyers to lift it up to the +1.0% (or higher to the pocket) , but I have my doubts if more buyers will show up now.

We have now fresh made single TPOs/Pocket down to 5592 and if the buyers will stay away, we gone fill that Today made pocket.

The upper picture shows the Today TPOs split which mean each vertical leg is the same as a 30 Minute candle
The lower picture shows the same Today TPOs but unsplit and you can see the Pocket/single TPOs more clear
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQ detailed.JPG Size: 68 KB
Click to Enlarge Name: NQ detailed Unsplit.JPG Size: 60 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,026
  • Jul 5, 2017 8:36am Jul 5, 2017 8:36am
SnP is right in the middle of this Week and last Week Developing Value Area and between several POC levels


NQ arrived @ the +1.0%. Exited to early, but it could suddenly drop as well on the open. That why I closed the position.

Also @ the Monthly POC and on the edge of the POCKET now.
This is a technical correction to the upside in the NQ only.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,027
  • Jul 5, 2017 8:41am Jul 5, 2017 8:41am
DAX is a mess same as SnP. All MA lines/prize gathered

I'm not touching it anymore for a while, same as SnP
Attached Image (click to enlarge)
Click to Enlarge Name: DAX sideways.JPG Size: 55 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,028
  • Jul 5, 2017 8:42am Jul 5, 2017 8:42am
NQ short @ 5625.75

Rejected the Pocket and May Monthly POC @ same spot and down as I hoped/expected

NQ is looking for more buyers to lift it up to the +1.0% (or higher to the pocket) , but I have my doubts if more buyers will show up now.
We have now fresh made single TPOs/Pocket down to 5592 and if the buyers will stay away, we gone fill that Today made pocket.

T1 +8 * 2 lot
1 to go
+15p locked in and trailing. Will pop soon again
FLAT +15p last lot
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (35 Range) 2017_07_05.png Size: 88 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,029
  • Jul 5, 2017 8:55am Jul 5, 2017 8:55am
Hm, April POC for the Dax on Ninja trader is @12.215 and with MT4 its @12.472 Thats not a small difference(257points). Wonder how that is possible. Although the month april did form two value areas and a gap in between. Also my whole value area (white box) is different.
Second screenshot is from Dutchy Daxy post 1022
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dax_apr_POC.png Size: 152 KB
Click to Enlarge Name: DAX Day Bar Weekly TPOs.JPG Size: 182 KB
Everything is probable
  • #1,030
  • Jul 5, 2017 8:57am Jul 5, 2017 8:57am
NQ short again @ 5617
T1 +5 p
1 to go
FLAT +16 points
Here its gone jump around in the Today pocket. Round number as well. 5600
Better take profit and don't give it away if itpops

Target Today lower single TOPs/Pocket

Looks little H&S pattern

Target down to 5600/5595 maybe.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,031
  • Jul 5, 2017 9:07am Jul 5, 2017 9:07am
SnP hit the last Weekly POC and Friday POC and hesitates here @ 2420
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,032
  • Edited 9:27am Jul 5, 2017 9:10am | Edited 9:27am
Quoting Langenes
Hm, April POC for the Dax on Ninja trader is @12.215 and with MT4 its @12.472 Thats not a small difference(257points). Wonder how that is possible. Although the month april did form two value areas and a gap in between. Also my whole value area (white box) is different. Second screenshot is from Dutchy Daxy post 1022 {image} {image}
April POC on Ninja looks good. Mine 12.215

Is MT4 Futures or CDFs? I don't use MT4 so I can't compare.

Its not logic that the April POC on your chart is that high. Its on the top peak
April has triple distribution and the POC should be on the middle biggest peak on your chart (as it is on mine chart)

Is your POC maybe calculated as VWAP POC or VOLUME POC instead as normal POC?
I have those 3 options in my TPO program.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,033
  • Jul 5, 2017 9:25am Jul 5, 2017 9:25am
Quoting Dutchy Daxy
{quote} April POC on Ninja looks good. Mine 12.215 Is MT4 Futures or CDFs? I don't use MT4 so I can't compare. Its not logic that the April POC on your chart is that high. Its on the top peak April has triple distribution and the POC should be on the middle biggest peak on your chart (is on mine chart)
Its on futures. I ll just keep comparing charts that you post. Because most poc match perfectly. Maybe 2-5 point difference on weekly or monthly. April was an exception because my poc line is above current price and yours well beneath. From now on i ll keep an extra eye on it.
Everything is probable
  • #1,034
  • Jul 5, 2017 9:26am Jul 5, 2017 9:26am
Quoting Dutchy Daxy
{quote} April POC on Ninja looks good. Mine 12.215 Is MT4 Futures or CDFs? I don't use MT4 so I can't compare. Its not logic that the April POC on your chart is that high. Its on the top peak April has triple distribution and the POC should be on the middle biggest peak on your chart (as it is on mine chart)

That will depend on your broker - you can have both cash (more usual) or futures pricing in MT4.

I always post cash charts for Dax as that's what most MT4 traders use.
Trading Levels with WRBs
  • #1,035
  • Jul 5, 2017 9:30am Jul 5, 2017 9:30am
NQ long again @ 5604
Today Pocket filled less one tick. Who cares. Pig for a Tick or so?

Yesterday pocket still not filled, so maybe an other try now or laterrrrrrr.......

T1 +5 points
1 to go.... Starbucks Hrs just started.
SL BE last lot and trailing now. Did +13 so far
+13p locked in
+15p locked in
FLAT +15p @ +1.0% level Gone hesitate here.

NQ changed lanes from South to North Today

Forget the DAX and SnP . They are hopeless Today
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (35 Range) 2017_07_05.png Size: 81 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,036
  • Jul 5, 2017 9:38am Jul 5, 2017 9:38am
Quoting Islander
{quote} That will depend on your broker - you can have both cash (more usual) or futures pricing in MT4. I always post cash charts for Dax as that's what most MT4 traders use.
My first broker was with cfd cash and one lot was 1€ per point. Then i changed to this broker because of way better spreads but it uses future pricing where 1 lot is 25€ per point (which i didnt know). Bit of a shock first trade haha. Luckily it was in plus
Everything is probable
  • #1,037
  • Jul 5, 2017 9:44am Jul 5, 2017 9:44am
Quoting Islander
{quote} That will depend on your broker - you can have both cash (more usual) or futures pricing in MT4. I always post cash charts for Dax as that's what most MT4 traders use.
I use Daily ETH POCs and VWAP levels only for the Daily markets, so TPO starts to build from 8.00 Hrs till 22.00 evening. (German/Dutch time) 14 hrs.

On Weekly and Monthly charts I use ETH calculation as well, so full Day. Pre market/Cash market and Post Cash market.

I think its not on your broker.
I can set the start time I want the TPO program starts to build and end time to stop building the TPO house in the parameters.
Maybe in your TPO indicator that is not possible.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,038
  • Jul 5, 2017 9:47am Jul 5, 2017 9:47am
the beauty of trading with TPO charts is there are various techniques to use and most seem to work I use yesterdays profile for today and as price moves away from that profile I use previous levels like you to look for setups
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 131 KB
  • #1,039
  • Jul 5, 2017 9:48am Jul 5, 2017 9:48am
NQ extit to fast (again) Filling the Pocket now. Broke inside.
VWAP @ 5640
+1.50% @ 5650
Monday POC @ 5666
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,040
  • Edited 10:14am Jul 5, 2017 9:54am | Edited 10:14am
Quoting Langenes
{quote} My first broker was with cfd cash and one lot was 1 per point. Then i changed to this broker because of way better spreads but it uses future pricing where 1 lot is 25 per point (which i didnt know). Bit of a shock first trade haha. Luckily it was in plus
Thats why I trade Futures.

MDAX E 5,00 a point. Turn round costs +/- $3.00 1 Contract/Margin $1000,00
FDAX E 25.00 a point. Turn round costs +/- $3.50 1 Contract/Margin $2500,00

Directional trade often both FDAX and MDAX and counter trades MDAX only

MDAX you can easier scale out some contracts during a trade/run up. Only a litlle more expensice with round turn costs.
FDAX give much more risk and stress. For the Big Boys
It's better to be out wishing to be in... than to be in wishing to be out!
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