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

  • #4,121
  • Edited 4:12am Mar 1, 2018 3:52am | Edited 4:12am
DOW moved down to its Today ETH POC @ 985 zone

Next down target 24.900/-0.50% and VWAP Feb 22
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,122
  • Mar 1, 2018 3:56am Mar 1, 2018 3:56am
FOREX:

The eurozone manufacturing sector continued to expand at a robust pace in February. Although rates of increase in output and new orders eased further from the highs reached before the turn of the year, the sector is still enjoying one of its best growth spells over the past 18 years.

EU markets are pulled down by the (always) over reacting US markets.

EURO dropped from $1.25 to -$1.22 what is good for the export

DAX next down target 12.200/ April 2017 POC, but so far the -1.5% holds

-2.0% @ 12.180 zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,123
  • Mar 1, 2018 4:06am Mar 1, 2018 4:06am
DAX Long @ 250 above -1.5% level

Counter trade. High(er) risk

SL 240 zone and trailing up

T1 +11p 1 lot
1 to go/SL BE

FLAT BE last

DOW keeps ticking down.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,124
  • Mar 1, 2018 4:16am Mar 1, 2018 4:16am
DAX new long try above 12.250 or @ -2.0% zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,125
  • Mar 1, 2018 4:21am Mar 1, 2018 4:21am
NQ Short @ 6853.50

Target 6840/-0.25%

T1 +6p
FLAT BE last lot
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 03-18 (20 Renko) 2018_03_01.png Size: 59 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,126
  • Mar 1, 2018 4:23am Mar 1, 2018 4:23am
DOW Short @ 946

Target 24.900

T1 +15p
FLAT BE last lot. Price @ Feb 22 close
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (20 Renko) 2018_03_01.png Size: 63 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,127
  • Mar 1, 2018 4:50am Mar 1, 2018 4:50am
Quoting Dutchy Daxy
DAX new long try above 12.250 or @ -2.0% zone
DAX Long @ 250 (counter trade)
TPO pocket to fill up to 285 zone
T1 +15p
1 to go/SL BE


DOW made double bottom so far. DAX hopes for a US pop from here. (so do I with my long trade)

DOW will try to open between the 2 GAPS (to be closed @ 24.945<>25.025)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,128
  • Edited 8:27am Mar 1, 2018 5:07am | Edited 8:27am
FOREX:

There has been a real negative shift in market sentiment since the Jerome Powell testimony a couple of days ago. Suddenly not only three, but perhaps even four hikes need to be priced in by the market, and this is impacting across global markets. Powell’s belief that inflation is heading higher and that the FOMC would need to reassess its dot plot expectations at the next meeting have worried markets. Rising inflation is a driver of tighter monetary policy but not in a good way, and this is driving equity markets lower and deteriorating risk appetite and equities are selling off again.

There is also the Fed’s preferred gauge of inflation, the core PCE to be announced today, will we start to see some upside traction? None is expected, with a flat +1.5% on the consensus, however an upside surprise would really stoke the market fears again.


Besides the interest hikes and debt ceiling issues, Trump has a White House staff problem. He can trust nobody anymore and he is not trusted by others as well.

Now it looks he wants to start a kind of steel/alum. tarif border as well with China.

Doesn't look good in the US @ this moment.
Attached Image (click to enlarge)
Click to Enlarge Name: TRade War.JPG Size: 52 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,129
  • Mar 1, 2018 5:08am Mar 1, 2018 5:08am
Quoting Dutchy Daxy
{quote} DAX Long @ 250 (counter trade) TPO pocket to fill up to 285 zone T1 +15p 1 to go/SL BE DOW made double bottom so far. DAX hopes for a US pop from here. (so do I with my long trade) DOW will try to open between the 2 GAPS (to be closed @ 24.945<>25.025)
I agree that the US indices could go up today.
As with any system or strategy, it is not 100%
  • #4,130
  • Mar 1, 2018 5:15am Mar 1, 2018 5:15am
Quoting alicia19
{quote} I agree that the US indices could go up today.
There is a litlle pop maybe to close these GAPS.

For a real upward recovery a lot has to be done first. Markets very Bearish for now (on Daily TF)

All depends how FED Powels words are digested again.

I just take some long scalps in the Bear market and not intend of fighting it.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,131
  • Mar 1, 2018 5:18am Mar 1, 2018 5:18am
Quoting Dutchy Daxy
DAX new long try above 12.250 or @ -2.0% zone
Can you post the chart for this trade?
As with any system or strategy, it is not 100%
  • #4,132
  • Mar 1, 2018 5:19am Mar 1, 2018 5:19am
Quoting Dutchy Daxy
{quote} DAX Long @ 250 (counter trade) TPO pocket to fill up to 285 zone T1 +15p 1 to go/SL BE DOW made double bottom so far. DAX hopes for a US pop from here. (so do I with my long trade) DOW will try to open between the 2 GAPS (to be closed @ 24.945<>25.025)
FLAT BE last lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,133
  • Mar 1, 2018 5:26am Mar 1, 2018 5:26am
Quoting alicia19
{quote} Can you post the chart for this trade?
Sorry. Didn't took a screen shot from the trade.

But this screen shot is the zone we are in now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (16 Renko) 2018_03_01.png Size: 52 KB
Click to Enlarge Name: YM 03-18 (20 Renko) 2018_03_01.png Size: 87 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,134
  • Mar 1, 2018 5:34am Mar 1, 2018 5:34am
Quoting Dutchy Daxy
{quote} Sorry. Didn't took a screen shot from the trade. But this screen shot is the zone we are in now {image}
thank you.
As with any system or strategy, it is not 100%
  • #4,135
  • Mar 1, 2018 5:36am Mar 1, 2018 5:36am
Quoting alicia19
{quote} thank you. I trade the indices too. I think that know why you lost that trade, can i post a chart with my view here?
Sure. No problem
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,136
  • Mar 1, 2018 5:59am Mar 1, 2018 5:59am
SP PT reached second extension from same anchor
Reacted on it as did dax
Retrace now to 2717 SP
  • #4,137
  • Mar 1, 2018 6:03am Mar 1, 2018 6:03am
DOW hit the 900/-0.50%

DAX hit the 12.200

DAX Long @ 226. Above -2.0% level
T1 +15p
1 to go

Needs to cross its ETH POC @ 240 zone now

Up targets:
244/-1.5%
270<>290 RTH TPO pocket
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (16 Renko) 2018_03_01.png Size: 51 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,138
  • Edited 6:21am Mar 1, 2018 6:07am | Edited 6:21am
Quoting alicia19
{quote} The hope for the market to go or down are based in your system,you entered that trade to go long ,before the price showed streng . in my view i would have wait for price to close above the cloud and a TS buy cross {image}
Correct.

In a Bear market always hard to find bottoms/strength where it could turn.
Sometimes little profit or even small loss, but can also be very rewarding.
So a matter of keep your risk small in counter trades and watch your levels!

I know the Ichimoku indicator and my lines are a little based on that idea.
Only my MA cloud/channel is more responsive then the Ichimoku cloud.

The Ichimoku cloud remains to long in the sky to my opinion.

Therefor I made my own "cloud" . So very simple. Longs above my "cloud" and shorts below my "cloud"
And some counters on the wrong side of the "cloud" ofcourse. Need to have some excitement in the game.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,139
  • Mar 1, 2018 6:10am Mar 1, 2018 6:10am
Quoting Dutchy Daxy
{quote} Correct. In a Bear market always hard to find bottoms/strength where it could turn. Sometimes little profit or even small loss, but can also be very rewarding. So a matter of keep your risk small in counter trades. I know the Ichimoku indicator and my lines are a little based on that idea. Only my MA cloud/channel is more responsive then the Ichimoku cloud.
Righ. Risk is all.
As with any system or strategy, it is not 100%
  • #4,140
  • Mar 1, 2018 6:10am Mar 1, 2018 6:10am
Quoting Dutchy Daxy
DOW hit the 900/-0.50% DAX hit the 12.200 DAX Long @ 226. Above -2.0% level T1 +15p 1 to go Needs to cross its ETH POC @ 240 zone now Up targets: 244/-1.5% 270<>290 RTH TPO pocket {image}
FLAT +20p last lot on the -1.5% level and (2)50 level.
It's better to be out wishing to be in... than to be in wishing to be out!
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