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

First Cash Hr done. Markets did what they had to do and relax a little now.

Done for now. I take a break

DAX Short @ 223 Bounce off the Dev RTH POC

T1 +12p * 4 lot
1 to go/SL BE

-1.0% support now

FLAT +20p last lot. Could bounce off the 200

EM markets slump. Trade war intensifies/Nafta talks/Mid term elections. Enough reasons to correct (a little)
Its about time for some kind of a correction.

All markets turned bearish on my Mid and long TFs.

I'm looking around the 12.150<>12.130/-0.50% zone and around the 12.100<>12.050 -1.0% zone for (some) counter longs

Y Close +/- 12.200

DAX Long @ 12.150
T1 +10p
1 to go

FLAT -5p last lot

Target 170/-0.25% Almost hit. Tight SL. Bearish so could dive again to 12.100

-0.50% @ 12.140 Hit just now

DOW still in the sell mode so no up support for the DAX

DAX Short @ 138
T1 +10p
1 to go

FLAT BE last lot

Closing the Aug 15 GAP @ 12.122

DAX counter/scalp longs above the 150 zone

Shorts below the 12.120 or shorts much higher entry such as 12.200/230/+0.25% zone (if we get there)

DOW & NQ are on the POC of Aug 27/28 Support levels so far

Further direction depends on coming developments in the trade war/Nafta talks/EM markets/Tweets/NFP/Italy what the US markets will do.

NQ counter long @ 7600. Poss bounce of the old Aug 27 POC

T1 +3.5p ($70,00)
1 to go/SL BE zone

FLAT +6p last lot ($120.00) Target hit.

Target 7607 Y RTH VAL

To detect a Bullish or Bearish market (direction) I use always a "Swing" MA line.

The settings are subjective. Other traders will use faster or even much slower MA lines to detect a directional change.
That doesn't matter. It depends on what TF and what kind of SL/(Risk managment) one uses.

Anyway, when the price crosses above or below my "Swing" MA line, that tells/warns me for a possible change in direction.

When the price is between my "STOP" MA line and the "SWING" MA line, I call that the "Whales mouth" or transition zone.

Traders need some time to change from direction in their minds. They do that most of the times inside that "Whales mouth" or transition zone. Always very jumpy inside that area because different TF traders are batteling with each other.

So when the price seriously breaks out the Whales mouth your mind has to be set on/changed into that direction.

When my "Swing"MA line is flat, price will cross that line up & down (sideways market). There is no "Swing" in the line.

When there is an up slope in the "Swing" MA line and the price crosses down the "Swing" MA line, these are the best entries. That happened Y morning for example.

Maybe you understand the green & red alerts better now on the bottom of my charts. Swing MA Cross/Stop MA Cross/Stop<>Swing Channel Cross (or Whales mouth).

Of course I take counter trades (against the Swing direction), but in these trades the %%% levels are crusial as entry/exit points.

This together with MP targets (S/R levels/single TPOs) and %%% levels, it's rather relaxed trading. Just follow your strategy.

MP levels and %%% levels are on all my ddifferent time frame charts the same.
MA lines show for 95% the same levels on each different TF chart.
Whether I watch a Renko 10 or Renko 25 DAX chart, the Swing & Stop MA lines show the same levels. That makes that the decision points for a trade are always @ the same spot/level, whatever chart I'm looking at.


(ignore the Stochastics. 50% of the times it give wrong/false information)

DOW Long @ 25.870 Counter scalp trade. Price still below Y RTH POC

T1 +11p 2 lot
1 to go
FLAT BE last lot

Maybe a little support for the DAX?
DOW needs to hold the 25.850

DAX Short @ 12.120
T1 +11p 2 lot
1 to go

Will the 12.100 hold?

-1.0% @ 12.080
-1.5% @ 12.020

+20p locked in last lot & trailing
+30p locked in @ -1.0% now

FLAT +30p last lot

So far the DOW & NQ are holding their Yest & ON levels, but it could suddenly drop as a brick when more fear strikes the markets.

12K comes very close now

When the down move is already that deep as it is now, I take short scalps only. Buyers can suddenly step in. Not Today I think, but you never know.

DAX is down with +/-3% since Yesterday and -4% down in a Week time

DOW hit my Buy order waiting @ 880. Kicked me out BE last lot on my first long trade

Made higher lows.

Now @ Y POC where it will hang around for some time. 900/910 zone

T1 +11p
T2 +20p
1 to go.
+20p locked in last lot
FLAT +20p last lot

DAX will aslo wait on its 50 zone to see what the US is gone do later Today

DOW: Above 25.950/Y RTH VAH maybe more up exceleration

I see a dev. H&S Pattern.
As long as the DOW remains below the 25.950 it remains valid

NQ inside Y trading range. Price in a wedge and sideways. Needs wedge break out. Whatever direction

DAX Short @ 12.135 just below the -0.5%
T1 +11p
1 to go

Rejected the 50 and made lower higs

12.125/120 is support/ RTH VWAP and POC