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

  • #2,781
  • Dec 20, 2017 1:56am Dec 20, 2017 1:56am
Quoting Dutchy Daxy
... Anyway, there is no correlation now between US and EU markets ...
No, there is not.

US markets was frustrating as hell for me.
SnP had 61 record closings so far in 2017. 61!!! This tax thing has much to do with it. And now it is going to be official and then what? Another 60-70-80 record closing in 2018 and a smooth ride into the sunset? Or bellow a rainbow, followed by pink unicorns with roses in their mouths? # sarcasam

Maybe a short term final huray, and then a bunch of sideways. Sideways is a new down, anyway. After 61 record closings, I think expecting the same in 2018 which would be any bull wet dream, is a bit of a strech. Especially considering that SnP didn't provide more than 2% pullback for 13 months. And DAX did that, twice. Overall, at least for me, DAX and Europe was better to trade than US, much much better this year.
Hope is dangerous in this game.
  • #2,782
  • Dec 20, 2017 2:03am Dec 20, 2017 2:03am
They are "hugging" 13,200 for some time now. Maybe another push down.
Hope is dangerous in this game.
  • #2,783
  • Dec 20, 2017 2:09am Dec 20, 2017 2:09am
Quoting StrayDog
{quote} No, there is not. US markets was frustrating as hell for me. SnP had 61 record closings so far in 2017. 61!!! This tax thing has much to do with it. And now it is going to be official and then what? Another 60-70-80 record closing in 2018 and a smooth ride into the sunset? Or bellow a rainbow, followed by pink unicorns with roses in their mouths? # sarcasam Maybe a short term final huray, and then a bunch of sideways. Sideways is a new down, anyway. After 61 record closings, I think expecting the same in 2018 which would be any bull wet...
This tax thing has all to do with it.

That tax thing is all that mattered for a long time already. It was Trumps promise when he was elected.

There are at least 10/20 guru's every Day with a different vision what will happen after ther tax approval. But nobody really knows where it will go to.

The only thing I know is that I follow my charts/MA lines/Market Profile levels/% levels and I don't give a shit what will happen next Year.

As long as markets move its fine to me!
And if they don't move I sit on my hands.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,784
  • Dec 20, 2017 2:14am Dec 20, 2017 2:14am
Quoting StrayDog
They are "hugging" 13,200 for some time now. Maybe another push down.
So far looks like a little Flag.
As long as we stay above the Today dev POC @ 198, no short for me.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.JPG Size: 89 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,785
  • Edited 3:10am Dec 20, 2017 2:21am | Edited 3:10am
US deficit will rise with +/- 65% next 24 Months.

Tax cut is done with the help of the US credit card.

If the intrest is going up (FED rate hikes) and the US GDP will not go up to +4% (as Trump hopes/predicts) it will be a hard job to pay all that money back.

Anyway a dangerous and expensive experiment
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,786
  • Dec 20, 2017 2:30am Dec 20, 2017 2:30am
Quoting Dutchy Daxy
{quote} So far looks like a little Flag. As long as we stay above the Today dev POC @ 198, no short for me. {image}
Yes... that "push" down was 13 pts down and then up again. They are holding the line. No momentum, but they are holding.
Nothing to do than wait.

I agree with you - whatever happens next year, today, next week, month... we will trade it OR sit trough it.

I have a problem with this: a ES day trader was in position to almost constantly enter longs that are just 5-15 points bellow current ATH, and then a few days later you have a new ATH, rinse and repeat that... once I deal that in my head, I will be able to execute without hesitation and to trade that kind of market condition, which I hate (slow grind up). Instead of ADJUSTING myself to market condition, I was constantly asking myself - why the f... whould I buy this, that is this high, there is no pullback... and it just keeps grinding higher. Because of that, DAX was much easier for me, and all of my best trades was on it.
Hope is dangerous in this game.
  • #2,787
  • Dec 20, 2017 3:24am Dec 20, 2017 3:24am
DAX Short @ 178 just below the -0.25%

T1 +20p* 2 lot
1 to go
FLAT +13p last lot

Bounced off @ -0.50% so far

For me:

DAX longs above +0.25% @ 13.250 up to 13.280/+0.50%/Y VWAP and next 13.300 Y RTH POC
DAX shorts below -0.25% @ 13.180 down to 13.100/Close Dec 16
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (8 Renko) _ FDXM 03-18 (8 Renko) 2017_12_20.png Size: 217 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,788
  • Dec 20, 2017 3:53am Dec 20, 2017 3:53am
DAX made a double bottom (so far) @ 140

DAX Long @ 169

T1 +11p
1 to go/SL BE

Now @ -0.25% and stalling.
Could pop to Today POC @ 13.200 zone, but DAX Bearish
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,789
  • Dec 20, 2017 4:11am Dec 20, 2017 4:11am
Quoting Dutchy Daxy
DAX made a double bottom (so far) @ 140 DAX Long @ 169 T1 +11p 1 to go/SL BE Now @ -0.25% and stalling. Could pop to Today POC @ 13.200 zone, but DAX Bearish {image}
Glad to see ia m in sync with the master !!!!
Took it at 67 on my own for target 190
Who knows in the near future I will be able to post here with confidence
  • #2,790
  • Dec 20, 2017 4:16am Dec 20, 2017 4:16am
Quoting Dutchy Daxy
DAX made a double bottom (so far) @ 140 DAX Long @ 169 T1 +11p 1 to go/SL BE Now @ -0.25% and stalling. Could pop to Today POC @ 13.200 zone, but DAX Bearish {image}
Back up to the Y close @ 218 and bottom OR???

FLAT +32p.

Remains on the POC now @ 200 think.

Otherwise new longs above 250 zone as said before
For me:
DAX longs above +0.25% @ 13.250 up to 13.280/+0.50%/Y VWAP and next 13.300 Y RTH POC
DAX shorts below -0.25% @ 13.180 down to 13.100/Close Dec 16
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,791
  • Dec 20, 2017 4:22am Dec 20, 2017 4:22am
US intrest/stocks/markets are going up. Lot of money flowing from EU >>>>>>>>>>US.

That could explain the sideways to bearish tone of EU markets.

Back in an Hr.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,792
  • Dec 20, 2017 5:18am Dec 20, 2017 5:18am
Quoting Dutchy Daxy
US intrest/stocks/markets are going up. Lot of money flowing from EU >>>>>>>>>>US. That could explain the sideways to bearish tone of EU markets. Back in an Hr.
Looking for long gold but usd yen still too strong (inverse to gold)
  • #2,793
  • Dec 20, 2017 5:25am Dec 20, 2017 5:25am
Quoting wbemsms
{quote} Looking for long gold but usd yen still too strong (inverse to gold)
I'm still long (again) but expect a drop @ 1273 (Weekly TPO pocket) or 1276/+1.0% 2 Weeks back POC.
Attached Image (click to enlarge)
Click to Enlarge Name: MGC 02-18 (30 Renko) 2017_12_20.png Size: 98 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,794
  • Dec 20, 2017 5:29am Dec 20, 2017 5:29am
DOW is heading for its rec high again..... (now @ 24.872 @ Y RTH open )


DAX needs to break the 13.140 to go to 13.100/080 -1.0%

or pop above the 13.220/240

Between that, just scalping on the DAX
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,795
  • Dec 20, 2017 6:01am Dec 20, 2017 6:01am
Quoting Dutchy Daxy
{quote} I'm still long (again) but expect a drop @ 1273 (Weekly TPO pocket) or 1276/+1.0% 2 Weeks back POC. {image}
Gold pull ing back to support but where?
  • #2,796
  • Dec 20, 2017 6:09am Dec 20, 2017 6:09am
Quoting wbemsms
{quote} Gold pull ing back to support but where?
Watch the Dec. Monthly TPO peaks on the right side of the chart,

1266/1265 TPO peak
1257 TPO peak which is the Dec POC level

All Support levels now
Attached Image (click to enlarge)
Click to Enlarge Name: MGC 02-18 (30 Renko) 2017_12_20.png Size: 123 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,797
  • Edited 6:52am Dec 20, 2017 6:42am | Edited 6:52am
DAX Short @ 140

SL 155/150

T1 +11p
2 to gT2 +20p
1 to go/SL BE +2p

Target 13.100
13..040

Price @ -0.75% now 13.120
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,798
  • Dec 20, 2017 6:52am Dec 20, 2017 6:52am
Bought gold at 62.50
Usd yen coming from profit target and on dutchy profile chart pocket
  • #2,799
  • Dec 20, 2017 7:00am Dec 20, 2017 7:00am
Quoting Dutchy Daxy
DAX Short @ 140 SL 155/150 T1 +11p 2 to gT2 +20p 1 to go/SL BE +2p Target 13.100 13..040 Price @ -0.75% now 13.120
FLAT DAX +5p last lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,800
  • Edited 7:41am Dec 20, 2017 7:07am | Edited 7:41am
DAX closed the Dec 15 Gap @ 13.102

DAX alomost closed the RTH Friday/Monday Gap

Next target down:
-1.0% @ 13.080 zone Hit
13.040 Nox POC HIt
13.020 Dec POC
It's better to be out wishing to be in... than to be in wishing to be out!
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