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

  • #2,821
  • Dec 21, 2017 2:35am Dec 21, 2017 2:35am
Quoting StrayDog
DAX is struggling. If they manage to lift price a bit, IMO sellers are waiting around 13,040
Yes. 040/050 is often a test zone as well

But 13.140 is the Y VWAP zone which could be tested and then maybe down again from there
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,822
  • Dec 21, 2017 2:38am Dec 21, 2017 2:38am
Re US markets - besides tax bill, there are at least 2 other factors that provide support:

1) Company buybacks are at absolute maximum (I don't know about EU)

2) Nowhere else to find good yield (universal reason for the whole world)

Somebody whould say algos also, but I don't know is that true. They follow trend, and provide a bunch of liquidity. On downside - they lower the volatility.

Pretty much nothing on the bear side right now, because high valuations is something that can be tolerated for a long, long time.
Hope is dangerous in this game.
  • #2,823
  • Dec 21, 2017 2:40am Dec 21, 2017 2:40am
Quoting Dutchy Daxy
{quote} Yes. 040/050 is often a test zone as well But 13.140 is the Y VWAP zone which could be tested and then maybe down again from there

13.140 is an AUTO-SHORT in my plan. Clearly visible resistance.

not to mention that IF they got there from 13,010 - DAX would be exhausted into the R
Hope is dangerous in this game.
  • #2,824
  • Dec 21, 2017 3:59am Dec 21, 2017 3:59am
Shorters on dow are drying up at IG
Coming from around 75 % for months
We need them to get higher
Now at 56 % so more balance
Higher highs will be difficult imo also
  • #2,825
  • Dec 21, 2017 4:02am Dec 21, 2017 4:02am
Quoting wbemsms
Shorters on dow are drying up at IG Coming from around 75 % for months We need them to get higher Now at 56 % so more balance Higher highs will be difficult imo also
Dax was inverse last weeks
Buy ers are still around at 65 % for weeks now
So higher highs were harder for dax in a period where dow was still making them
  • #2,826
  • Dec 21, 2017 4:18am Dec 21, 2017 4:18am
DAX Long @ 13.042 above Today dev POC @ 038
T1 +10p
1 to go/SL BE

Tested the 13k and no crossing so far

Still in its Initial Balance (IB) and its a counter trade in a bearish market

If the price can remain above the 050 zone we could see the 13.100/120, but that will be a hard job and I doubt if we get there before the Weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (8 Renko) 2017_12_21.png Size: 75 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,827
  • Edited 5:21am Dec 21, 2017 4:55am | Edited 5:21am
DAX back to its RTH open

+25p locked in.
FLAT +25p last lot

Needs to show the price wants to pop outside its IB.
Remains on the top of the IB so far, waiting for US move(s)

Maybe the only and best trade I can make in the DAX Today. lol
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,828
  • Edited 8:29am Dec 21, 2017 7:47am | Edited 8:29am
US markets pop/recover a little bit, but still bearish (acc. to my Swing charts)

Both DOW and SnP popped to their Y ETH POCs and stall there
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,829
  • Dec 21, 2017 8:37am Dec 21, 2017 8:37am
DOW short scalp @ 24.806
T1 +10p* 2 lot

FLAT +26p last lot @ Weekly POC 24.783 zone
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (9 Renko) _ YM 03-18 (9 Renko) 2017_12_21.png Size: 67 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,830
  • Dec 21, 2017 8:39am Dec 21, 2017 8:39am
Its a Pop & Drop market

Big traders/institutions packed their bags and bonussus and go on Holidayzzzzzzzzz
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,831
  • Dec 21, 2017 8:56am Dec 21, 2017 8:56am
Quoting Dutchy Daxy
US markets pop/recover a little bit, but still bearish (acc. to my Swing charts) Both DOW and SnP popped to their Y ETH POCs and stall there

US markets do not cross their Y POCs so far. So sideways and just scalping

If you couldn't make profit last Weeks, you won't make it Today for sure.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,832
  • Dec 21, 2017 9:16am Dec 21, 2017 9:16am
hello Dutchy what is your time frame for renko chart . TKS
  • #2,833
  • Dec 21, 2017 9:36am Dec 21, 2017 9:36am
SnP sscalp Long @ 2688.75

FLAT +3.25p 1 lot only
Attached Image (click to enlarge)
Click to Enlarge Name: ES 03-18 (4 Renko) _ ES 03-18 (4 Renko) 2017_12_21.png Size: 78 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,834
  • Dec 21, 2017 9:37am Dec 21, 2017 9:37am
DAX Long 13.113
T1 +10p
1 to go
FLAT +10p last lot

VWAP @ 150 zone/+0.75%
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (8 Renko) _ FDXM 03-18 (8 Renko) 2017_12_21.png Size: 191 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,835
  • Edited 10:20am Dec 21, 2017 9:48am | Edited 10:20am
DAX Short @ 126 Target 100

SL BE

Could still pop to 150/+0.75% zone

Target 095/POCs pocket

Pocket filled. FLAT +30p
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,836
  • Dec 21, 2017 10:19am Dec 21, 2017 10:19am
Done for Today.

Have a fine evening
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,837
  • Dec 22, 2017 1:33am Dec 22, 2017 1:33am
DAX on Nov. & Dec. POC. Same level & 13.025
Market is in balance and waiting.
As long as the DAX remains above the 13.000/12.950 (Oct POC) market is in balance

DOW is on the Sell side of my MA lines but is in a Bull Flag Channel.
If it drops, first target could be the last Weekly POC @ 24.675 zone

SnP is very sideways now in the middel of this Week TPO Value Area
If it drops first target could be the last Weeks POC @ 2670/2665 zone

If US markets want to pop, they will test the rec highs again.
DOW 100p to go to rec high
SnP 9p to go to rec high
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (26 Renko) 2017_12_22.png Size: 100 KB
Click to Enlarge Name: YM 03-18 (20 Renko) 2017_12_22.png Size: 73 KB
Click to Enlarge Name: ES 03-18 (9 Renko) 2017_12_22.png Size: 93 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,838
  • Edited 2:18am Dec 22, 2017 2:05am | Edited 2:18am
DAX Long @ 13.070
SL 060 and trailing
T1 +12p
1 to go/SL BE and trailing

FLAT +30p last lot on the Y Close


Y Gap to close @ 13.100/ GAP closed

DAX opened @ -0.25% @ 13.062
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,839
  • Dec 22, 2017 2:14am Dec 22, 2017 2:14am
DAX up targets:
13.145 Wednesday VWAP
13.175 Wednesday ETH POC
+0.50% in the middle of these 2 levels

Down target:
Nov/Dec POC zone @ 13.020<>13.040/-0.50%
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,840
  • Dec 22, 2017 2:28am Dec 22, 2017 2:28am
GOLD still long (re entry) from 1265.4 . Now @ 1272

Heading for the Weekly TPO pocket @ 1273 zone. Almost there...
Attached Image (click to enlarge)
Click to Enlarge Name: MGC 02-18 (30 Renko) 2017_12_22.png Size: 89 KB
It's better to be out wishing to be in... than to be in wishing to be out!
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