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

  • #2,621
  • Dec 13, 2017 6:53am Dec 13, 2017 6:53am
RUSSEL catched up the DOW and SnP it looks.
Was lagging for some Days compared with other US markets

See my earlier posted Weekly charts
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,622
  • Dec 13, 2017 7:02am Dec 13, 2017 7:02am
RSSL Short scalp @ 1531 Short on the bounce off/rejection the Naked VWAP (Yellow line)
T1 +10p
1 to go
FLAT +15p last one

Huge Gap/TPO pocket down to 1521.
Not to fill Today I think

Now on Y High
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RTY 03-18 (15 Minute) 2017_12_13.png Size: 38 KB
Click to Enlarge Name: RTY 03-18 (9 Renko) 2017_12_13.png Size: 99 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,623
  • Dec 13, 2017 7:18am Dec 13, 2017 7:18am
Quoting Langenes
{quote} 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.. {file}
Please try my edited version of your mentioned indicator if your "problems" are fixed for you....
Attached File(s)
File Type: mq4 PrevClosePercentages_v1.00j.mq4   38 KB | 375 downloads
  • #2,624
  • Dec 13, 2017 7:26am Dec 13, 2017 7:26am
RSSL Short again @ 1530.5
T1 +12p
1 to go
FLAT +10p last one.

Just a counter scalp

Needs to cross the 1529/dev POC/Support level for now

Target 1526/25 Y POC levels RTH & ETH
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,625
  • Dec 13, 2017 7:30am Dec 13, 2017 7:30am
SnP & DOW want to go up higher again

DOW +40p new rec high

SnP few ticks only so far

DAX down to its Y POC @ 135 zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,626
  • Dec 13, 2017 7:40am Dec 13, 2017 7:40am
RSSL Long again @ 1531 1 lot only
FLAT -5p

Target 1534 +1.0%
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,627
  • Dec 13, 2017 7:41am Dec 13, 2017 7:41am
DOW heading for 24.440/50 +0.50%

10/20p to go from here

SnP @ +0.25% and stalling here
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,628
  • Dec 13, 2017 7:47am Dec 13, 2017 7:47am
DOW short 1 lot @ 629 Counter scalp

FLAT +13 on top of the Today IB
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (9 Renko) 2017_12_13.png Size: 56 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,629
  • Dec 13, 2017 7:52am Dec 13, 2017 7:52am
DAX moved down to -0.50% and popped from there

Long 1 lot @ 118

FLAT +18p 1 lot only
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-17 (8 Renko) 2017_12_13.png Size: 51 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,630
  • Dec 13, 2017 7:56am Dec 13, 2017 7:56am
Quoting Langenes
{quote} 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.. {file}
Ok, fixed a few price values text and added a new option for the daily.
Attached Image
Attached File(s)
File Type: mq4 PrevClosePercentages_v1.01j.mq4   44 KB | 436 downloads
  • #2,631
  • Dec 13, 2017 8:04am Dec 13, 2017 8:04am
GOLD Long
Fast pop on Gold

RSSL Short 1 lot @ 1528.5
Still need to cross down the Today dev POC
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.JPG Size: 178 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,632
  • Dec 13, 2017 8:09am Dec 13, 2017 8:09am
RSSL Flat -5 p 1 lot. Bouncing off its POC

GOLD 2 lot exit +35p @ +0.25%
1 to go
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,633
  • Dec 13, 2017 8:09am Dec 13, 2017 8:09am
Quoting Jagg
{quote} Ok, fixed a few price values text and added a new option for the daily. {image} {file}
Awesome Jagg, I send u a pm
Everything is probable
  • #2,634
  • Dec 13, 2017 8:26am Dec 13, 2017 8:26am
DOW reached (and crossed) the +0.50% @ 24.655
Don't fight it with shorts. To strong. Heading for the 700

SnP remains on its +0.25%

RSSL can't up cross the last Weekly VWAP @ 1532.5 zone (so far) and won't down cross its Today {POC @ 1528
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,635
  • Dec 13, 2017 9:05am Dec 13, 2017 9:05am
RSSL Short @ 1534

Pockets below

FLAT @ 1532 In Balance top

2 lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,636
  • Dec 13, 2017 11:25am Dec 13, 2017 11:25am
Dutchy I'm watching your trading for some time now and I like your approach. Except for the use of market profile would you like to share what is the trigger for you to enter a trade? I mean I see you analyzing possible scenarios of where the price could go (what you say as up target/down target). But if you believe that e.g DAX will move upwards to test a level what is that triggers your entry.

Regards. Thanks for your journal.
  • #2,637
  • Edited 11:50pm Dec 13, 2017 11:40pm | Edited 11:50pm
Quoting siju
Dutchy I'm watching your trading for some time now and I like your approach. Except for the use of market profile would you like to share what is the trigger for you to enter a trade? I mean I see you analyzing possible scenarios of where the price could go (what you say as up target/down target). But if you believe that e.g DAX will move upwards to test a level what is that triggers your entry. Regards. Thanks for your journal.
Very simple.
I use 3 or 3 MA line (T3) and for each market I adjusted the settings of the MA lines according to the swings in/of the markets.
So for every market there is a different setting for the MA lines.

The fast of the 2 MA lines is often the place where to the market pulls back, so thats the place to start a trade/scalp.
The slower MA line is for the more longer aproche of the market. Swing trading.
Price above the slower MA line is focusing on long trades and price below the slow MA line shorts. Go with the flow!

When the price is moving between the 2 MA lines its most of the time chop zone and/or transition zone.
So the best trades are when the price moves outside the 2 MA lines channel. Market is trending.

When I go short above the slow MA line, I consider that as a counter trade. Take small profit
When I go long below the slow MA line, I consider that as a counter tade as well.

For trade entries I use a faster TF chart to follow the price action.
The T3 MA lines show the same levels as they do on the longer TF chart.

Targets and S/R levels I see on the TPO charts. Daily/Weekly/Monthly and I pay much attention to the % levels
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 03-18 (9 Renko) 2017_12_14.png Size: 77 KB
Click to Enlarge Name: YM 03-18 (20 Renko) 2017_12_14.png Size: 83 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,638
  • Dec 13, 2017 11:55pm Dec 13, 2017 11:55pm
DAX made a pull back.
Still no coallition/goverment formed.

Germany wil survive but it can not drive.

ECB Today

DAX tries to get back above the 13.100
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-17 (26 Renko) 2017_12_14.png Size: 95 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,639
  • Edited 12:15am Dec 14, 2017 12:00am | Edited 12:15am
DAX

Up targets:
13.131 Y RTH close
13.150 Y VWAP
13.164 Y POC/+0.25%

Down targets:
13.045<>13.035/Close Dec 7 and N POC/VWAP zone/-0.75%
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,640
  • Dec 14, 2017 12:02am Dec 14, 2017 12:02am
DAX Long @ 13.090
T1 +11p
1 to go/SL BE
FLAT +10p last one

DAX price is on the sell side of my MA lines so longs are counter trades and therefor scalping.

DAX opened on -0.25% from Y RTH close
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-17 (8 Renko) 2017_12_14.png Size: 59 KB
It's better to be out wishing to be in... than to be in wishing to be out!
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