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DAX Futures June 2018

  • #481
  • Mar 22, 2018 3:28am Mar 22, 2018 3:28am
Quoting BinChenUt
DAX has a bearish posture today by open below yesterday's value and range. Also below the weekly VWAP. The prior day's VAL stands at 12276 which coincides with a two week's highest volume node. It is going to be a formidable resistance for the bulls today. Slight below that is the weekly VPOC and weekly VWAP standing at 12270, which is also going to be resistance. On the down side I don't have many levels that can provide strong support. Just a minor support at 12220 and another even smaller one at 12205. Most likely we are going to challenge the...
Testing the VAL of prior day.
10 points rotation so far.
See if the bears are going to respond from here.
  • #482
  • Mar 22, 2018 3:30am Mar 22, 2018 3:30am
Quoting BinChenUt
{quote} Testing the VAL of prior day. 10 points rotation so far. See if the bears are going to respond from here.
If I've well understood your bear target 180, was detected after the 1st hour between 8CET till 9CET (so 1st Eurex hour and pre-market for DAX CASH INDEX).
Is it correct?
I call upon my father's spirit , watching over me
  • #483
  • Mar 22, 2018 3:30am Mar 22, 2018 3:30am
Thanks for the MP analysis - much appreciated as it gives another perspective.
  • #484
  • Mar 22, 2018 3:33am Mar 22, 2018 3:33am
Quoting Brixen
{quote} If I've well understood your bear target 180, was detected after the 1st hour between 8CET till 9CET (so 1st Eurex hour and pre-market for DAX CASH INDEX). Is it correct?
Yes, indeed.
I have published just before the open when the target is nearly hit by the bears. Because I could not sit down in front of my computer until 8:45 after sending my daughter to school. Otherwise, I could get that post much earlier out. In fact, the picture is already clear for me once i see the 8:00 electronic opening print.
  • #485
  • Mar 22, 2018 3:39am Mar 22, 2018 3:39am
BinChenUt - have you made any videos on youtube or elsewhere on this subject?
  • #486
  • Mar 22, 2018 3:40am Mar 22, 2018 3:40am
Speaking of MP (non-analysis in my case) - and using about the simplest MP chart imaginable - what is my MP telling me that I cannot also see on the grouped Opens and Closes of the M30 candles ? Would anyone care to comment, please, or is it too low-grade MP to be useful (it's today only, I think) ? The only additional information I can see is some low volume nodes/areas.

Attached Image (click to enlarge)
Click to Enlarge Name: FDAX.PNG Size: 51 KB


Back this afternoon.

Edit: of course, one obvious thing would be to line up the M30 chart price scale with the UniRenko chart...
  • #487
  • Mar 22, 2018 3:41am Mar 22, 2018 3:41am
Quoting BinChenUt
{quote} Yes, indeed. I have published just before the open when the target is nearly hit by the bears. Because I could not sit down in front of my computer until 8:45 after sending my daughter to school. Otherwise, I could get that post much earlier out. In fact, the picture is already clear for me once i see the 8:00 electronic opening print.
OK, because I take my sons at school around 8, I will set up a special taxi for your daughter. so in this way you can post as soon as you have the price levels....
a little bit of Brixen humour after a panic start.
I call upon my father's spirit , watching over me
  • #488
  • Mar 22, 2018 3:43am Mar 22, 2018 3:43am
Quoting handy148
BinChenUt - have you made any videos on youtube or elsewhere on this subject?
Just watch ToughTrader on the Youtube.
He conducts MP analysis on ES and NQ daily.
The principles are completely the same when applying on the European equities.
The MP works particularly well on high volume names like ES and FESX.
  • #489
  • Mar 22, 2018 3:45am Mar 22, 2018 3:45am
Quoting jtrade
Speaking of MP (non-analysis in my case) - and using about the simplest MP chart imaginable - what is my MP telling me that I cannot also see on the grouped Opens and Closes of the M30 candles ? Would anyone care to comment, please, or is it too low-grade MP to be useful (it's today only, I think) ? The only additional information I can see is some low volume nodes/areas. {image} Back this afternoon.
I can say only that:
1.250 zone was yd lows and for me this is an important zone for next moves, so if it holds we'll go towards 300.
2.I always expect some sharp moves on Trump announcemnt on China tariffs later.
3.no exact science here.
I call upon my father's spirit , watching over me
  • #490
  • Mar 22, 2018 3:56am Mar 22, 2018 3:56am
Quoting mag00
{quote} Ger30Jun (m15) updating ... {image}
Hello everybody ...

Ger30jun (m15)

@12136 (12117)
should start the fifth part

there is still a fall

P.S.
(there is only one blue arrow)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #491
  • Mar 22, 2018 3:57am Mar 22, 2018 3:57am
Quoting jtrade
Speaking of MP (non-analysis in my case) - and using about the simplest MP chart imaginable - what is my MP telling me that I cannot also see on the grouped Opens and Closes of the M30 candles ? Would anyone care to comment, please, or is it too low-grade MP to be useful (it's today only, I think) ? The only additional information I can see is some low volume nodes/areas. {image} Back this afternoon.
Jtrade,

The MP is in essence a collection of 30 min bars. Your statement is partially true.
But the MP package the same analysis in a much more intuitive and efficient form that new insight could arise. Imagine if you watch the collection of 30 min bars for the last two weeks, you are not likely to get anything more than a feeling of nausea.

But once the MP re-packages those 30 min bars, the speculative positioning of your competitors becomes readily apparent in front of your eyes.
For example, in this Dow MP chart. You can see that yesterday the spike during the FOMC meeting is actually a test of the POC of last Friday. You might be saying it is magical thinking. No one can predict where price is going to go during a news announcement. But the Dow turned on a tick at that level. Do you think that is coincidence? Are you able to see that by opening a bunch of 30 min bars?
Moreover, see where the low of last Friday is traded? VPOC of Thursday to the tick. Where the low of Tuesday is traded? VAH of Monday. If you watch the intraday chart of dow, you can see where the dow has found the bottom after the FOMC spike?
It is the 24705, the VPOC of yesterday.

Once you play with the MP, you can see it does magic time after time. The reason why it is so effective is that the algo trades the MP levels with the VWAP. Because that is most precise market generated information.

Hope it helps. Hope that I am answering your question.
Attached Image (click to enlarge)
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  • #492
  • Mar 22, 2018 3:59am Mar 22, 2018 3:59am
Good explanation of a self fulfilling prophecy.
  • #493
  • Mar 22, 2018 4:01am Mar 22, 2018 4:01am
BinChenUt - I can see from the chart that your MP is vastly superior to the sh*t we have on mt4.
  • #494
  • Mar 22, 2018 4:07am Mar 22, 2018 4:07am
Quoting Brixen
{quote} stop at be 248 and target 298
stopped out at be
FLAT again
I call upon my father's spirit , watching over me
  • #495
  • Mar 22, 2018 4:08am Mar 22, 2018 4:08am
anyway 2FDXM bought 232
I call upon my father's spirit , watching over me
  • #496
  • Mar 22, 2018 4:09am Mar 22, 2018 4:09am
Quoting handy148
BinChenUt - I can see from the chart that your MP is vastly superior to the sh*t we have on mt4.
Handy,
Actually the MT4 is not a flexible charting package, but it is very efficient, and light on memory, if you want to write a piece of simple trading algos.
  • #497
  • Mar 22, 2018 4:14am Mar 22, 2018 4:14am
Writing algos and coding indicators is above my pay grade - I can just about alter an existing indicator to suit my needs.
  • #498
  • Mar 22, 2018 4:29am Mar 22, 2018 4:29am
Quoting Brixen
anyway 2FDXM bought 232
179 just bought 4FDXM
I call upon my father's spirit , watching over me
  • #499
  • Mar 22, 2018 4:34am Mar 22, 2018 4:34am
Quoting Brixen
{quote} 179 just bought 4FDXM
6FDXM long 196
I call upon my father's spirit , watching over me
  • #500
  • Mar 22, 2018 4:47am Mar 22, 2018 4:47am
Quoting Brixen
{quote} 6FDXM long 196
199 now:closed 3FDXM 196
I call upon my father's spirit , watching over me
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