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

  • #6,421
  • Edited 7:35am Sep 5, 2018 7:24am | Edited 7:35am
Quoting Dutchy Daxy
I see a dev. H&S Pattern. As long as the DOW remains below the 25.950 it remains valid {image}
For now the DOW rejected its Y RTH POC @ 910 zone and bounced off a little.
Still in a poss H&S pattern

Can change off course later Today

The DOW wedge also shows as they call a Trumpet wedge.
The up side of the wedge points sky high and will be hard to reach @ this moment. So they could give up.
No prediction. Just a technical observation.

Lets see how it works out.

There is a ETH TPO pocket up to 915<>950, so be carefull out there.
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  • #6,422
  • Edited 7:54am Sep 5, 2018 7:30am | Edited 7:54am
Quoting Dutchy Daxy
DAX Short @ 12.135 just below the -0.5% T1 +11p 1 to go Reected the 50 and made lower higs 12.125/120 is support/ RTH VWAP and POC
+10p locked in last lot
+20p locked in last lot
+30p locked in last lot
+35p locked in last lot

FLAT +35p last lot

DAX waiting for US down ticks.
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  • #6,423
  • Sep 5, 2018 7:49am Sep 5, 2018 7:49am
DOW short @ 25.882

1 lot exit +5p
Last lot -5p SL

Did +9p and didn't hit my T1
Attached Image
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  • #6,424
  • Sep 5, 2018 7:56am Sep 5, 2018 7:56am
Often around this time the DAX often tries to "predict" where the US could go to. In this case down, but the DOW is not doing anything serious here.

Could be a simple SL hunt as well.

DAX following every DOW/SnP tick now. Up & Down
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  • #6,425
  • Sep 5, 2018 8:02am Sep 5, 2018 8:02am
DOW

Longs above the 910 zone heading for the single TPOs
Shorts beow the 25.850/840 zone
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  • #6,426
  • Sep 5, 2018 8:03am Sep 5, 2018 8:03am
NQ

Longs above 7620/25 zone/ Y POC and VWAP
Shorts below 7600 zone
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  • #6,427
  • Sep 5, 2018 8:04am Sep 5, 2018 8:04am
DAX no sesious trades anymore Today, unless the US markets start to tank. Then the DAX will/has to follow down to 12K
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  • #6,428
  • Sep 5, 2018 8:19am Sep 5, 2018 8:19am
DOW & NQ in the middle of Y RTH/Cash trading range. No surprises here.
No clue for direction, except that the markets are bearish.

Probebly hard to trade
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  • #6,429
  • Edited 8:48am Sep 5, 2018 8:36am | Edited 8:48am
DOW Long @ 915

T1 +10p 2 lot

1 to go
+20p locked i last
+30p

FLAT +35p last lot 50 hit and single ETH TPOs covered

Y cloase @965 GAP closed

Single TPOs above up to 50 zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #6,430
  • Sep 5, 2018 8:37am Sep 5, 2018 8:37am
Quoting Dutchy Daxy
{quote} For now the DOW rejected its Y RTH POC @ 910 zone and bounced off a little. Still in a poss H&S pattern Can change off course later Today The DOW wedge also shows as they call a Trumpet wedge. The up side of the wedge points sky high and will be hard to reach @ this moment. So they could give up. No prediction. Just a technical observation. Lets see how it works out. There is a ETH TPO pocket up to 915<>950, so be carefull out there.


Dutchy what is meant by a ETH TPO pocket
  • #6,431
  • Sep 5, 2018 8:42am Sep 5, 2018 8:42am
NQ drops.

Bad behaviour of Elon Musk? Guy is using Tweets as well for his frustrations
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  • #6,432
  • Sep 5, 2018 8:45am Sep 5, 2018 8:45am
Quoting don555
{quote} Dutchy what is meant by a ETH TPO pocket
Extended Trading Hours ETH
Pocket is a light traded area where often the markets goes back to

TPOs are TPO blocks. Please look on Google. for explaination. Market profile and TPO
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  • #6,433
  • Sep 5, 2018 8:47am Sep 5, 2018 8:47am
Quoting Dutchy Daxy
DOW Long @ 915 T1 +10p 2 lot 1 to go +20p locked i last +30p FLAT +35p loast lot 50 hit and singles covered Y cloase @965 GAP closed Single TPOs above up to 50 zone
Target 26K and +0.25% @ 26.025????

Head & Sh pattern broken. Not valid anymore.
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  • #6,434
  • Sep 5, 2018 8:52am Sep 5, 2018 8:52am
NQ & DOW opposite directions. Funny on the charts to see that

NQ short 7598.50

T1 +5p
1 to go

+10p locked in last lot

2 GAPS to close below the -0.5% Aug 28/27th
Attached Image
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  • #6,435
  • Sep 5, 2018 8:59am Sep 5, 2018 8:59am
Website jammed now & then
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  • #6,436
  • Sep 5, 2018 8:59am Sep 5, 2018 8:59am
Quoting Dutchy Daxy
NQ & DOW opposite directions. Funny on the charts to see that NQ short 7598.50 T1 +5p 1 to go +10p locked in last lot 2 GAPS to close below the -0.5% Aug 28/27th {image}
Down to -1.0% 7550

CLOSED with lot of points!!! 30 to 33 points. I check later +38p last lot

Exit to early.

Missed an other 10/15p down..........
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  • #6,437
  • Edited 9:12am Sep 5, 2018 9:00am | Edited 9:12am
DOW Short 964

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

FLAT BE last lot
Attached Image
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  • #6,438
  • Sep 5, 2018 9:11am Sep 5, 2018 9:11am
Quoting Dutchy Daxy
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. {image} {image}
NQ could look for the N POC @ 7520 zone

I will buy there if we get there

-1.0% @ 7548. Current price
-1.5% @ 7515
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  • #6,439
  • Sep 5, 2018 9:12am Sep 5, 2018 9:12am
DAX Long @ 099 but Res @ POC & VWAP

T1 +11p 2 lot
1 to go/SL BE zone

FLAT BE last
Attached Image
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  • #6,440
  • Sep 5, 2018 9:15am Sep 5, 2018 9:15am
DOW undecisive where to go.

NQ decided. Down.

NQ could look for the N POC @ 7520 zone
I will buy there if we get there

-1.0% @ 7548.
-1.5% @ 7515

Exit on my short was much to early. Heavy down pressure on the NQ

7500?????
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