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

  • #2,401
  • Dec 5, 2017 10:25am Dec 5, 2017 10:25am
Today was a mind twisting trading day. Very very hard to follow.

I'm done for Today. Dinner is waiting and I go to the movies in a few Hrs.

Have a great evening all!
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,402
  • Dec 5, 2017 10:32am Dec 5, 2017 10:32am
Quoting Dutchy Daxy
Today was a mind twisting trading day. Very very hard to follow. I'm done for Today. Dinner is waiting and I go to the movies in a few Hrs. Have a great evening all!
which movie?
  • #2,403
  • Dec 5, 2017 10:36am Dec 5, 2017 10:36am
This one

Quoting Wachturm
{quote} which movie?
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.JPG Size: 62 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,404
  • Dec 5, 2017 10:41am Dec 5, 2017 10:41am
Quoting Dutchy Daxy
This one {quote} {image}
never heard of it... but story sounds interesting

have fun
  • #2,405
  • Dec 6, 2017 1:03am Dec 6, 2017 1:03am
Gap down on DAX - no suprise.

U-turn on NQ... if it drops bellow 6231, it will be interesting.
Support around 6200, daily 50 also around, and bellow that is light traded area to the ~6122
Attached Image (click to enlarge)
Click to Enlarge Name: NQ-240m.PNG Size: 124 KB


Russell looking weak also.
So maybe we will se after all some normal correction wich was way overdue. US markets are so high that even a 10% corrective move will still left a bullish loking LTF chart. Or maybe I am delusional and everybody will just buy pullbacks that are never larger than 2% into the sunset.

Fun fact - There are already senior analysts in trading firms that never saw a 5% correction, let alone a bear market.
Hope is dangerous in this game.
  • #2,406
  • Edited 1:24am Dec 6, 2017 1:06am | Edited 1:24am
Quoting Dutchy Daxy
There was a good change US markets should drop further, but support troups came in. But be careful. All US market are still on the lower side of their dev. Weekly TPO buildings and below my slow MA lines, so bearish now {image}
SnP -1.75% from last rec high
DOW -1.75 down from last rec high
RUSSEL -3.0% down from last rec high

No real correction so far.
US markets probebly continue to go up again after tax bill voting (if the bill passed the House))

DAX tried to hold the 13.000 but has to follow down as well now.
DAX price between Friday POC and VWAP, and close to Oct POC @ 950 again
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly AM.JPG Size: 318 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,407
  • Dec 6, 2017 1:09am Dec 6, 2017 1:09am
DAX Long @ 927 from VWAP Friday and -1.0%
T1 +15p* 4 lot
1 to go/SL BE
FLAT +9p last one. Gone wait on -1.0% now

Target 950/Oct POC
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 12-17 (50 Range) 2017_12_06.png Size: 78 KB
Click to Enlarge Name: FDXM 12-17 (8 Renko) 2017_12_06.png Size: 72 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,408
  • Dec 6, 2017 1:43am Dec 6, 2017 1:43am
DAX

Dwn target 12.870 zone/-1.5% and Close Dec 01

Up target Oct POC @ 950/-1.0% zone

Trade down and scalp up, but above all, trade well.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,409
  • Dec 6, 2017 2:10am Dec 6, 2017 2:10am
Short 12,900, looking to fill a Dec 1 gap, target around 12,860
Hope is dangerous in this game.
  • #2,410
  • Dec 6, 2017 2:10am Dec 6, 2017 2:10am
DAX closing the Dec 1 Gap now/-1.5%

-2.0% @ 12.800 zone
June POC @ 12.750
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,411
  • Dec 6, 2017 2:12am Dec 6, 2017 2:12am
Yep. Love the quickies.
+35 pts for the piggy bank.

Attached Image (click to enlarge)
Click to Enlarge Name: DAX-12-06.PNG Size: 5 KB
Hope is dangerous in this game.
  • #2,412
  • Dec 6, 2017 2:15am Dec 6, 2017 2:15am
DAX LONG 876 (from Dec 1 close)
T1 +10p
1 to go/SL BE
FLAT +20p last one

Target 900
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,413
  • Dec 6, 2017 2:21am Dec 6, 2017 2:21am
Mofo. Didn't get a fill for a long trade. My bad - in volatile situations, ppl often frontrun zones, especially when you want a pullback for short, price rarely get to the level to the tick, like when market is neutral. Same goes for dips for longs, if the support level is something from larger time frames, it will jump in front of it.

penny wise - pound foolish
Hope is dangerous in this game.
  • #2,414
  • Dec 6, 2017 2:27am Dec 6, 2017 2:27am
Quoting StrayDog
Mofo. Didn't get a fill for a long trade. My bad - in volatile situations, ppl often frontrun zones, especially when you want a pullback for short, price rarely get to the level to the tick, like when market is neutral. Same goes for dips for longs, if the support level is something from larger time frames, it will jump in front of it. penny wise - pound foolish
I take market orders in these area's
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,415
  • Edited 2:53am Dec 6, 2017 2:35am | Edited 2:53am
DAX up targets:
935/940/-1.0% zone
950 Oct POC

Down target:
870/-1.5%
800 -2.0%

Short 890
T1 +10p * 3 lot
1 to go/SL BE
FLAT BE last one
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,416
  • Dec 6, 2017 2:40am Dec 6, 2017 2:40am
SnP/DOW/RUSSEL all -0.25% and waiting for further traders actions. So is the DAX

DAX tries to stay around the 900 zone and wait for US moves.
Fridays Cash POC @ 895/Support
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,417
  • Dec 6, 2017 2:42am Dec 6, 2017 2:42am
If it manages to cross above 12,900 now, probably will try to go to YL, 950-960 area.
NQ and RTY at supports

RTY 60m
Attached Image (click to enlarge)
Click to Enlarge Name: RTY-12-06.PNG Size: 106 KB
Hope is dangerous in this game.
  • #2,418
  • Dec 6, 2017 2:50am Dec 6, 2017 2:50am
DAX Long 910 1 lot.
I add more if it pops, but longs are counter trades now

Added 2 lot more and sold +10p
Still one to go

Watch SnP and DOW ticking. That leads the DAX.

Target 950 zone Oct POC, but -1.0% in the way @ 935
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,419
  • Dec 6, 2017 2:56am Dec 6, 2017 2:56am
Dutchy,
I can't put VWAP on IB charts, it looks completely different that it should, so I wonder if it makes sence to put it on TradingView CFD chart.

It looks like this, is it the same on yours DAX futures charts?
Attached Image (click to enlarge)
Click to Enlarge Name: dax-vwap.PNG Size: 82 KB
Hope is dangerous in this game.
  • #2,420
  • Dec 6, 2017 3:01am Dec 6, 2017 3:01am
Initial Balance (IB) set First Hr done
12.860<>12.935 (-1.0%)
It's better to be out wishing to be in... than to be in wishing to be out!
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