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

  • #4,661
  • Mar 23, 2018 3:46am Mar 23, 2018 3:46am
One question: on which Chart do you decide to jump in?? Not on a 16 or 20 Renko, or?
  • #4,662
  • Edited 4:22am Mar 23, 2018 3:48am | Edited 4:22am
Quoting mattkirby
One question: on which Chart do you decide to jump in?? Not on a 16 or 20 Renko, or?
DAX Renko 16 is my PA chart

I wait till the price pops up inside the red bearish channel/cloud to start a short (again)
Longs vise versa ofcourse.

I try to transform myself to become more a Swing trader. Less scalping
Step in short on the upside of the down move/trend and stay in the trade with 1 lot till price crosses the Swing MA line again. Purple blocked MA line.

That should be an overnight trade for a few days.

But I started my trading career with scalping and that habit is deep in my brains.
But even an old monkey like me can still change habits
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 06-18 (16 Renko) 2018_03_23.png Size: 58 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,663
  • Mar 23, 2018 4:20am Mar 23, 2018 4:20am
thanks for explaining. Which T3 average is your fat doted purple line?
  • #4,664
  • Mar 23, 2018 4:22am Mar 23, 2018 4:22am
Quoting mattkirby
thanks for explaining. Which T3 average is your fat doted purple line?
A 35 Period T3 for the Renko 16 chart.

I you watch an other Renko period chart or a Minute chart or Range chart, the T3 setting will change as well.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,665
  • Mar 23, 2018 4:58am Mar 23, 2018 4:58am

Perfect hit at S3 weekly @ 11820. Could be a turning Point. Long from there. Stop at BE
  • #4,666
  • Mar 23, 2018 5:04am Mar 23, 2018 5:04am
DAX Long @ 850 just above -2.0%

Tight SL/Countertrade high risk

DOW still below its ETH POC @ 23.800. When price gets above that POC level maybe little more up exceleration. For now still VERY heavy.

Everybody is calculating now what effect the import tariffs will have for their company or country.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,667
  • Mar 23, 2018 5:14am Mar 23, 2018 5:14am
Quoting Dutchy Daxy
DAX Long @ 850 just above -2.0% Tight SL/Countertrade high risk DOW still below its ETH POC @ 23.800. When price gets above that POC level maybe little more up exceleration. For now still VERY heavy. Everybody is calculating now what effect the import tariffs will have for their company or country.

There we go.. -2.0% & 50 level bounce

T1 +30p
1 to go
+30p locked in last lot
+40p locked in last lot

Target -1.5% @ 910

DOW now @ its ETH POC and we have to wait if its gone cross up from here (or not)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,668
  • Mar 23, 2018 5:17am Mar 23, 2018 5:17am
Quoting Dutchy Daxy
{quote} DAX Renko 16 is my PA chart I wait till the price pops up inside the red bearish channel/cloud to start a short (again) Longs vise versa ofcourse. I try to transform myself to become more a Swing trader. Less scalping Step in short on the upside of the down move/trend and stay in the trade with 1 lot till price crosses the Swing MA line again. Purple blocked MA line. That should be an overnight trade for a few days. But I started my trading career with scalping and that habit is deep in my brains. But even an old monkey like me can still...
Swing trading is very hard you want rest and sleep
With virtual money no problem i knew we were going to drop hard after fomc was looking for puts at the high wednesday but hesitated
Why i knew it we are in a repeat of 1987 as well in price as time die 6 weeks now
With my virtual position i am almost winning a virtual competition which rewards the first with 1000 euro
I am second
Competition ends tonight
So swinging with real money is not easy
  • #4,669
  • Mar 23, 2018 5:19am Mar 23, 2018 5:19am
Quoting wbemsms
{quote} Swing trading is very hard you want rest and sleep With virtual money no problem i knew we were going to drop hard after fomc was looking for puts at the high wednesday but hesitated Why i knew it we are in a repeat of 1987 as well in price as time die 6 weeks now With my virtual position i am almost winning a virtual competition which rewards the first with 1000 euro I am second Competition ends tonight So swinging with real money is not easy
True
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,670
  • Mar 23, 2018 5:21am Mar 23, 2018 5:21am
Quoting Dutchy Daxy
{quote} There we go.. -2.0% & 50 level bounce T1 +30p 1 to go +30p locked in last lot +40p locked in last lot Target -1.5% @ 910 DOW now @ its ETH POC and we have to wait if its gone cross up from here (or not)
FLAT +38/40p last lot

DAX stopped @ Todays Dev. RTH POC @ 895
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,671
  • Edited 5:56am Mar 23, 2018 5:39am | Edited 5:56am
Quoting Dutchy Daxy
DAX Long @ 850 just above -2.0% Tight SL/Countertrade high risk DOW still below its ETH POC @ 23.800. When price gets above that POC level maybe little more up exceleration. For now still VERY heavy. Everybody is calculating now what effect the import tariffs will have for their company or country.
DOW Long above its ETH POC @ 810

T1 +50p 1 lot @ close Feb 9th
1 to go
+30p locked in and trailing
+40p locked
+50p locked

FLAT +50p last lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,672
  • Edited 6:51am Mar 23, 2018 6:23am | Edited 6:51am
Markets try to recover a little but still very Bearish.
I wonder if they want to recover before the weekend.

Effects need to be calculated and markets need to calm down first. Will take some time I think.

Patiance is a skill what will pay back now.
Very tempting to take longs, but my channels are still very bearish and to wide.

Too deep to go short and to heavy to go long.. Wait for better options. Even if it will be next week.
One doesn't have to be always in the market. Sometimes you can earn more money by staying on the sideline instead fighting the markets. I fight like this could be killing.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,673
  • Mar 23, 2018 7:14am Mar 23, 2018 7:14am
DOW has a TPO pocket up to 24.000<> 24.160 on the Weekly TPO chart.

See how far they will go to fill it.

2 RTH GAPS to close below now. March 22 & Feb 9 down to 23.875

DOW price now @ the top of the Todays Inital Balance @ 24.010
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 06-18 (6000 Volume) 2018_03_23.png Size: 53 KB
Click to Enlarge Name: YM 06-18 (25 Renko) 2018_03_23.png Size: 57 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,674
  • Mar 23, 2018 7:44am Mar 23, 2018 7:44am
DOW SHort @ 994 No IB crossing to the upside for now

T1 +20p * 5 lot
1 to go/SL trailing down

+30p locked in
FLAT +30p last lot (@ Y close zone)
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (25 Renko) 2018_03_23.png Size: 57 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,675
  • Mar 23, 2018 7:50am Mar 23, 2018 7:50am
DAX waiting on its Today ETH & RTH POC @ same level.

Looks ready to pop. Only if US markets recover
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,676
  • Edited 8:35am Mar 23, 2018 8:20am | Edited 8:35am
DOW Long again @ 975

T1 +25p @ 24K
T1 +35p @ +0.25
1 to go
SL BE

Maybe up to +0.50% middle TPO pocket @ 24.100

+50p locked in last lot
+90p locked

FLAT +92p last lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,677
  • Mar 23, 2018 8:26am Mar 23, 2018 8:26am
DAX popped above the Today POCs following the DOW

Long 11.962
T1 +20p
1 to go/SL BE and trailing up

12K zone is Res level now

+30p locked in last lot

FLAT +30p last lot
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 06-18 (16 Renko) 2018_03_23.png Size: 60 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,678
  • Mar 23, 2018 8:41am Mar 23, 2018 8:41am
This was the first break out above my MA channel/cloud.

Usually it goes down to test the channel again. Therefor I take a % level as target for the break out. Most of the times it bounces back from that % level.

DOW bounced off the +0.50%
DAX bounced off the 12K level


Dow drops a little to close the Y GAP @ 955 zone. Y GAP closed
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,679
  • Mar 23, 2018 8:51am Mar 23, 2018 8:51am
DOW Long again @ 971. Tested the Cloud

+40p locked in last lot
+70p locked in
FLAT +75p last lot

Remains below the +0.50% now. Tested the +0.5% 2 times. Next target up @ +1.0% @ 24.200

Recovered +1.5% from the Today low @ -1.0%
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (25 Renko) 2018_03_23.png Size: 50 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #4,680
  • Mar 23, 2018 9:04am Mar 23, 2018 9:04am
DOW short @ 053
T1 +11p
FLAT -10p last lot. BE trade

Tuff level above the 50 and Dev Today POC @ 025
It's better to be out wishing to be in... than to be in wishing to be out!
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