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

  • #1,061
  • Edited 2:37am Jul 6, 2017 2:15am | Edited 2:37am
DAX MA lines all gathered same as the SnP.
No momentum/edge

SnP drops to -0.25% @ 2421.50 zone

EU markets dropped

Scalp Day only...
When both SnP and DAX have flat slow MA lines on my charts its asking for trouble when you trade.
Price will kick you to all the corners of the trading room.

I gone sit on my hands here. There will mainly be losers now in trading
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,062
  • Edited 2:54am Jul 6, 2017 2:28am | Edited 2:54am
DAX has a Friday Virgin POC @ 12.375 just below the -0.50% as down target

And as posted yesterday, there is a Daily Gap @ 12.270>12.100 zone.
April POC to test @ 12.215
Still rather deep. Just in case markets serious start to drop
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,063
  • Jul 6, 2017 2:44am Jul 6, 2017 2:44am
Hello Dutchy,

could you please explain me the moving average you use in your graph please ?

I do several of them and it would help to understand your approach.

Thanks a lot.

LS
  • #1,064
  • Edited 3:12am Jul 6, 2017 2:55am | Edited 3:12am
Try a DAX short @ 12.441

I probebly will regret it later.
But no glory without any risk

I stopped myself out -4 p * 2 lot
This kind of trades with flat MA lines don't fit in my strategy and I shouldn't take it @ all.

First Cash hour done

Very low volume

DAX and SnP are both on top of their Y POCs. Markets are in balance now.
Attached Image (click to enlarge)
Click to Enlarge Name: Volume AM.JPG Size: 37 KB
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  • #1,065
  • Jul 6, 2017 3:01am Jul 6, 2017 3:01am
Quoting lifespirit
Hello Dutchy, could you please explain me the moving average you use in your graph please ? I do several of them and it would help to understand your approach. Thanks a lot. LS
Please read post 800 @ June 28 where I explain my MA lines.
Let me know if you have more questions after reading
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,066
  • Jul 6, 2017 3:20am Jul 6, 2017 3:20am
EU markets pop a little
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  • #1,067
  • Jul 6, 2017 3:51am Jul 6, 2017 3:51am
SnP needs to cross the 2424 zone which is the Dev. Weekly VAL (Value Area Low)
Then we could see some exceleration to 2420 (a Weekly POC or even lower 2415 -0.50%

But so far I can't tell what the intentions are of the SnP.
All the guide MA lines are flat and gathered.
There is a time to trade and a time to lean back and sit on your hands (if only leaning back is not enough)

Some US news later Today
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  • #1,068
  • Edited 4:21am Jul 6, 2017 4:05am | Edited 4:21am
DAX Short @ 12.426
T1 +15 * 2 lots
SL BE +1p last lot

Jumped in @ Market
Crossed the -0.25%

Should be nice if we drop to the -0.50% or that N POC @ 375
Hit the 400 and round number (and the 50 numbers) are always hesitation zones

SnP is right on the VAH of this Week @ 2424. See if they drop from here
DAX is waiting for that possible SnP down move

My first short this morning was based on the lower tops in the DAX from Y high and Today high and the rejection of the +0.25% , but it was to trickey at that time and so I stopped myself out.
With hind sight I shouldn't have done that.
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-17 (20 Range) 2017_07_06.png Size: 69 KB
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  • #1,069
  • Jul 6, 2017 4:19am Jul 6, 2017 4:19am
SnP is hamering the 2420 now

DAX is hamering/testing the 400 now
-0.50% now and POCCCCCCCCCCCCCCCCCCCCCCCC

NQ is waiting on th May POC @ 5628 zone
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  • #1,070
  • Edited 5:20am Jul 6, 2017 4:24am | Edited 5:20am
Quoting Dutchy Daxy
DAX Short @ 12.426 T1 +15 * 2 lots SL BE +1p last lot Jumped in @ Market Crossed the -0.25% Should be nice if we drop to the -0.50% or that N POC @ 375 Hit the 400 and round number (and the 50 numbers) are always hesitation zones SnP is right on the VAH of this Week @ 2424. See if they drop from here DAX is waiting for that possible SnP down move My first short this morning was based on the lower tops in the DAX from Y high and Today high and the rejection of the +0.25% , but it was to trickey at that time and so I stopped myself out. With hind...
DAX FLat +46 points last lot

Could drop to 360/350 zone -0.75% Hit

Gap to close @ 12.320/-1.0% level

@ -1.0% now. Little push down to close the GAP of July 30
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-17 (20 Range) 2017_07_06.png Size: 143 KB
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  • #1,071
  • Edited 5:08am Jul 6, 2017 4:37am | Edited 5:08am
SnP on -0.25% @ 2421/20 and and we have to see if it pops or dives further from here

@ 2419 a Last Week(ly) POC is tested now
@ 2415 -0.50%
@ 2410 a Weekly POC and -0.75%
Attached Image (click to enlarge)
Click to Enlarge Name: ES 09-17 (20 Range) 2017_07_06.png Size: 95 KB
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  • #1,072
  • Edited 5:37am Jul 6, 2017 5:21am | Edited 5:37am
SnP @ -0.5%

DAX @ -1.0% now. Little push down to close the GAP of July 30

DAX Long @ 335 just above -1.0%
T1 + 10p * 2 lot
1 lot to go/SL BE
FLAT BE last lot.
Could even drop to test the 12.300 zone/ and the 320 Gap is not really closed yet............
I want to see the SnP pointing up again and see if the -1.0% holds......

First try but lunch time is gone start and they will keep it low (or lower) untill US traders wake up
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,073
  • Edited 6:46am Jul 6, 2017 6:06am | Edited 6:46am
Second try DAX Long @ 341
T1 +11 points * 2 lot
1 to go/SL -10p last lot
FLAT -10p last lot

Today made single TPOs/Pocket up to -0.25% @ 12.428 zone
If the DAX drops further it could be the -1.5% level @ 260/250 zone
June 30 Gap finally closed...
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  • #1,074
  • Jul 6, 2017 6:46am Jul 6, 2017 6:46am
SnP needs to get back above the 2420
SnP Target up @ 2422/2423 zone/little pocket/singles made during Over Night market

SnP hit the -0.50% on the tick. See if that level holds Today
Next target down @ 2410 -0.75% and W POC
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  • #1,075
  • Edited 7:03am Jul 6, 2017 6:48am | Edited 7:03am
NQ is trying to cover the little Y Gap/Pocket down to 5595>5590
Only +/- 10 points to go

Pocket filled on the tick. No single TPOs left
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  • #1,076
  • Edited 7:20am Jul 6, 2017 7:09am | Edited 7:20am
FDAX Long @ 12.327
T1 +8 p
1 to go/SL BE
+5p locked in
+10p locked in
+15p locked in before news
FLAT +14 points

Bounce off the -1.0%
and made a very little higher low compared with low June 30
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX 09-17 (38 Range) 2017_07_06.png Size: 71 KB
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  • #1,077
  • Edited 7:23am Jul 6, 2017 7:12am | Edited 7:23am
USD ADP Non-Farm Employment Change 158K 184K 253K
Less then expected.

Tomorrow USD Non-Farm Employment Change 175K 138K
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  • #1,078
  • Edited 8:05am Jul 6, 2017 7:31am | Edited 8:05am
Looking for Longs in NQ
Long @ 5601.75
T1 +4p * 2 lot
2 to go/SL -4p (BE trade if SL is hit)
Bought 2 more lot again @ approx same entry spot

T2 +10p * 2 lot
2 lot to go/SL BE and trailing
1 lot exit +9p
1 to go/SL BE


Target up
Today VWAP @ 5620
May POC @ 5630 zone/Today made single TPO blocks there
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  • #1,079
  • Jul 6, 2017 7:42am Jul 6, 2017 7:42am
So far SnP is holding the last Weekly POC level well. (@2419)
Don't know for how long.........

Target up @ 2425/27 zone
Target down @ 2410 Weekly POC/-0.75%
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,080
  • Edited 8:09am Jul 6, 2017 7:55am | Edited 8:09am
Looking for Long in DAX
Today singles TPOs up to 12.425 zone

DAX waits for SnP pop
SnP still hanging @ 2420

SnP is crawliong back up into the Today Value Area and covering the Today made singles

Both DAX and SnP are bearish (acc. to my Daily Chart) so it should be counter trade if it pops.

Lot of things/news to digest. Y FOMC Minutes/Today ADP....../Korea/Quatar and the Tweets of The Donald
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