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

  • #2,601
  • Dec 13, 2017 2:31am Dec 13, 2017 2:31am
DAX doesn't want to cross the Friday POC so far @ 190.

+3p locked in. Let go the last lot.
Hope for a pop to 13.210 zone

FOMC Tonight
ECB Tomorrow
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,602
  • Dec 13, 2017 2:38am Dec 13, 2017 2:38am
FLAT +3p last DAX lot

Gone be a waiting Day. Same as Yesterday or even worse. No idea

Some scalps here and there probebly (I hope not my scalp anyway)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,603
  • Dec 13, 2017 2:50am Dec 13, 2017 2:50am
Quoting Dutchy Daxy
... Gone be a waiting Day. Same as Yesterday or even worse. ....
Probably. Trumps speaks today also, on top of FOMC.

Usually day before FOMC Statement is shit PA, like Yesterday. Comatose state untill announcement next day (today). Also, market can wait at support or resistance for the news, so you can't tell is it going to break or not. Usually there is no break.

Both days = low opp days.
Hope is dangerous in this game.
  • #2,604
  • Dec 13, 2017 3:04am Dec 13, 2017 3:04am
Other than that, when I look at US markets - ES, NQ and RTY, there is a notable divergence between them, which makes trading harder than when they are all aligned. RTY is weak, NQ is off its highs, while ES is the strongest. I don't look at Dow for correlation (nothing to do with trading it or not, but for correlation not, only 30 companies, dependent of oil and banks). If it breaks 1510, RTY could revisit 1500 area easily, where I expect a pop. NQ was hit by tech sellof which in strong bull market just affect NQ, and not ES. Apple and FANG stocks are more than 40% of NQ, but just 10-12% of ES. That is why when market is strong, ES just go sideways, while NQ is going down.

IMO, aligned indices in bull markets would mean that NQ take a leading role, RTY sometimes, and ES follows them. That is the easiest long scenario, because often you get a bullish move on NQ and RTY, while ES is still standing. And than you can trade ES long, because it is the market that respect every single level. ES is resilient as Jason from Friday the 13th, not giving back... but winter is coming . (until that, just BTFD).


For DAX - it is still stuck in a range, it has tryed to go lower, it has tryed to go higher, failing both times.
240m chart
Attached Image (click to enlarge)
Click to Enlarge Name: DAX-range.PNG Size: 80 KB


Waiting for the clear setup, looking at charts... even coloring for adults seems to be better than trade this chop.
Hope is dangerous in this game.
  • #2,605
  • Dec 13, 2017 3:09am Dec 13, 2017 3:09am
Quoting StrayDog
Other than that, when I look at US markets - ES, NQ and RTY, there is a notable divergence between them, which makes trading harder than when they are all aligned. RTY is weak, NQ is off its highs, while ES is the strongest. I don't look at Dow for correlation (nothing to do with trading it or not, but for correlation not, only 30 companies, dependent of oil and banks). If it breaks 1510, RTY could revisit 1500 area easily, where I expect a pop. NQ was hit by tech sellof which in strong bull market just affect NQ, and not ES. Apple and FANG stocks...
Good observations/explaination.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,606
  • Edited 3:37am Dec 13, 2017 3:16am | Edited 3:37am
I don't follow the NQ anymore.

I watch SnP/DOW/RUSSEL (and DAX & Gold)

DOW and SnP have the same direction approx. 80% of the time
RUSSEL is a strange duck in the pond. Has is own way of taking direction.

Right side is the Monthly TPO building (dark red/blue) In this case December TPOs
Left side are the Weekly TPO buildings (brown/blue) In this case last Week and this Week dev TPOs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 03-18 (9 Renko) 2017_12_13.png Size: 60 KB
Click to Enlarge Name: YM 03-18 (20 Renko) 2017_12_13.png Size: 56 KB
Click to Enlarge Name: RTY 03-18 (26 Renko) 2017_12_13.png Size: 51 KB
Click to Enlarge Name: FDXM 12-17 (26 Renko) 2017_12_13.png Size: 63 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,607
  • Dec 13, 2017 3:20am Dec 13, 2017 3:20am
Quoting StrayDog
Other than that, when I look at US markets - ES, NQ and RTY, there is a notable divergence between them, which makes trading harder than when they are all aligned. RTY is weak, NQ is off its highs, while ES is the strongest. I don't look at Dow for correlation (nothing to do with trading it or not, but for correlation not, only 30 companies, dependent of oil and banks). If it breaks 1510, RTY could revisit 1500 area easily, where I expect a pop. NQ was hit by tech sellof which in strong bull market just affect NQ, and not ES. Apple and FANG stocks...
hello stray do you have an mt4 indicators for daily % net change as dutch daxy has on the left of is graph . Tks for answer and sharing
  • #2,608
  • Dec 13, 2017 3:42am Dec 13, 2017 3:42am
GOLD started to drop begin of December after completing a H&S pattern and still going down
Attached Image (click to enlarge)
Click to Enlarge Name: MGC 02-18 (30 Renko) 2017_12_13.png Size: 76 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,609
  • Dec 13, 2017 4:17am Dec 13, 2017 4:17am
Quoting mikebikers
{quote} hello stray do you have an mt4 indicators for daily % net change as dutch daxy has on the left of is graph . Tks for answer and sharing
You mean on the right side of the chart I think.

The % are based on the RTH or Cash close of the previous Day (@ 17:30 German time)

I have it for Ninja 8 only.

There are some people who will make it for free for you if Stray doesn't have it..
Check the indicator fora on Forex
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,610
  • Dec 13, 2017 7:13am Dec 13, 2017 7:13am
Looking for long on dax for profit zone 250 - 300
But dow doublé toppish for the moment
Doubt
When in doubt...
  • #2,611
  • Dec 13, 2017 7:21am Dec 13, 2017 7:21am
Quoting wbemsms
Looking for long on dax for profit zone 250 - 300 But dow doublé toppish for the moment Doubt When in doubt...
Yes. Watching for long too, but all so slow now
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,612
  • Edited 7:46am Dec 13, 2017 7:22am | Edited 7:46am
DAX Long 177
FLAT -10p
No good now. Better wait until US starts to move.

Above Weekly/Monthly TPO peaks

Needs a little support US markets only
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,613
  • Dec 13, 2017 7:37am Dec 13, 2017 7:37am
Quoting Dutchy Daxy
DAX Long 177 Above Weekly/Monthly TPO peaks Needs a little support US markets only
Long 73
20 point stop
  • #2,614
  • Edited 7:58am Dec 13, 2017 7:42am | Edited 7:58am
Quoting mikebikers
{quote} hello stray do you have an mt4 indicators for daily % net change as dutch daxy has on the left of is graph . Tks for answer and sharing
Here you go.
It has a manual input option where you have to give in the cash close yourself. If you turn that off then it takes the normal daily close.
Also it has a small bug. If you draw trendlines etc and then change timeframe, all trendlines disapear.
If there is a briliant minded coder who could easily fix that, that would be great.

All credit for making this indi goes to Ramzam..
Attached File(s)
File Type: mq4 PrevClosePercentages.mq4   34 KB | 340 downloads
Everything is probable
  • #2,615
  • Dec 13, 2017 7:58am Dec 13, 2017 7:58am
Quoting wbemsms
{quote} Long 73 20 point stop
Stopped
Too early and too thin market
When in doubt I did not stay out
  • #2,616
  • Dec 13, 2017 8:15am Dec 13, 2017 8:15am
Quoting wbemsms
{quote} Stopped Too early and too thin market When in doubt I did not stay out
US markets are just below their rec highs, so hard to tell if they go higher.

Trump will speach soon.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,617
  • Dec 13, 2017 8:35am Dec 13, 2017 8:35am
RSSL Long
T1 +10p * 2 lot
T2 +15p* 2 lot
1 to go
+20p locked in last lot

Naked POC @ 1525/26 zone
+0.50% @ 1527
Attached Image (click to enlarge)
Click to Enlarge Name: RTY 03-18 (15 Minute) 2017_12_13.png Size: 40 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,618
  • Dec 13, 2017 8:40am Dec 13, 2017 8:40am
T1 +12p * 3 lot
T2 ++15p 1 lot
1 to go/SL BE and trailing
FLAT BE last lot

Hit the +0.25% and stopped just below the 600

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (20 Renko) 2017_12_13.png Size: 84 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,619
  • Dec 13, 2017 8:42am Dec 13, 2017 8:42am
Quoting Dutchy Daxy
RSSL Long T1 +10p * 2 lot T2 +15p* 2 lot 1 to go +20p locked in last lot Naked POC @ 1525/26 zone +0.50% @ 1527 {image}
RSSL @ +0.5% +30p locked in last one
FLAT +40p on the +0.50%

Exited to fast (again)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,620
  • Dec 13, 2017 8:45am Dec 13, 2017 8:45am
Quoting mikebikers
{quote} hello stray do you have an mt4 indicators for daily % net change as dutch daxy has on the left of is graph . Tks for answer and sharing
No Mike, I don't use mt4 at all, I do charting on TradingView, and also on my trading platform, which is IB.
Hope is dangerous in this game.
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