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

  • #7,301
  • Oct 10, 2018 1:52pm Oct 10, 2018 1:52pm
FLAT +20p 1 lot only


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It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,302
  • Oct 10, 2018 2:00pm Oct 10, 2018 2:00pm
Quoting Brixen
{quote} I feel that I'm not able to trade in this free-fall avalanche , while your system, your way trading is really adapting to every market conditions. I have no more words for your incredible job! BRAVO!
The system can be perfect but if your mindset is not that good/not following the system/strategy, it will not work
Needs long training and many Hrs screen time
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,303
  • Oct 10, 2018 2:16pm Oct 10, 2018 2:16pm
Long time ago I have seen the NQ tanking -3.5% in one Day. (and not done yet)

DOW -2.5% now

DAX -2.5%

Markets are pissed off. Thats for sure.
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  • #7,304
  • Oct 10, 2018 2:22pm Oct 10, 2018 2:22pm
DOW Long 1 lot only

FLAT +35p 1 lot

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  • #7,305
  • Oct 10, 2018 2:25pm Oct 10, 2018 2:25pm
Markets look for capitulation bottom.
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  • #7,306
  • Edited 2:46pm Oct 10, 2018 2:29pm | Edited 2:46pm
DAX refuses to go below -2.5% Good sign so far, but there could be a continuation tomorrow if no support comes in now.

Big Boys are sharpening their nifes now.

US intrest rates up. Trump is very angry about that.
Elections coming soon
Trade tensions.
Global growth down revised
All together a toxic cocktail.

Party is over
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,307
  • Oct 10, 2018 2:47pm Oct 10, 2018 2:47pm
DOW Long @ 25.711 1 lot

GAP Aug 23 closed

Flat +55/58p Bounce off/blocked by the -2.5%
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  • #7,308
  • Oct 10, 2018 2:48pm Oct 10, 2018 2:48pm
Quoting Dutchy Daxy
DAX refuses to go below -2.5% Good sign so far, but there could be a continuation tomorrow if no support comes in now. Big Boys are sharpening their nifes now. US intrest rates up. Trump is very angry about that. Elections coming soon Trade tensions. All together a toxic cocktail. Party is over
11800 break down today is a terrible sign.
FDAX started from 10000 on nov 2016 (Trump election) and reached a peak around 13600 last 23 jan 2018.
So the 50% retracement of this big move is exactly at 11800.
I call upon my father's spirit , watching over me
  • #7,309
  • Oct 10, 2018 2:50pm Oct 10, 2018 2:50pm
Quoting Brixen
{quote} 11800 break down today is a terrible sign. FDAX started from 10000 on nov 2016 (Trump election) and reached a peak around 13600 last 23 jan 2018. So the 50% retracement of this big move is exactly at 11800.
Good point/noticed
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,310
  • Oct 10, 2018 2:53pm Oct 10, 2018 2:53pm
Markets close in a few minutes. I'm closing too.

No ON positions.

Have a great evening.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,311
  • Oct 10, 2018 2:55pm Oct 10, 2018 2:55pm
https://www.forexfactory.com/showthr...4#post11567674

The entry was perfect only the exit a little to early.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,312
  • Oct 10, 2018 2:57pm Oct 10, 2018 2:57pm
Put this on the wall. You will see this only a few times in your trading career
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  • #7,313
  • Oct 10, 2018 3:17pm Oct 10, 2018 3:17pm
Quoting Dutchy Daxy
Put this on the wall. You will see this only a few times in your trading career {image}
I am afraid you are right...
  • #7,314
  • Oct 11, 2018 12:36am Oct 11, 2018 12:36am
Goodmorning.


Markets very very nervous.

DOW dropped an other -1.5% from Y close

NQ dropped an other -1.5% as well

DAX will open lower as well likely. I think 100p or so lower

Market still in a state of paninc. So no rules Today like there weren't Yesterday.
I will stay more on the side line and let this correction ride out itself.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,315
  • Oct 11, 2018 12:39am Oct 11, 2018 12:39am
President Donald Trump knocked theFederal Reserve for continuing to raiseinterest rates despite some recent marketturbulence. "I think the Fed is making amistake. They are so tight. I think the Fedhas gone crazy," the president said.

Few traders comment:

Makes no sense to keep interest rates low for too long, just drives up price/inflation, then when the property market is saturated with low interest rate opportunists and rates eventually start to rise to control inflation, these opportunist have to hand their keys in and walk away.

We know what happens then right???

Keeping interest rates low forever to encourage continual investment is just dumb.


____________________________________________________

Low rates => easy money => economic stimulus + exports stimulus => higher growth => political success => uneducated voters happy => megalomaniacs happy
Oh, poor political rat brain!


All comments I agree.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,316
  • Oct 11, 2018 12:44am Oct 11, 2018 12:44am
Quoting Dutchy Daxy
President Donald Trump knocked theFederal Reserve for continuing to raiseinterest rates despite some recent marketturbulence. "I think the Fed is making amistake. They are so tight. I think the Fedhas gone crazy," the president said
these words are perfect to calm the markets......
I call upon my father's spirit , watching over me
  • #7,317
  • Oct 11, 2018 12:45am Oct 11, 2018 12:45am
1 % Swings in the overnight in the NQ

I stay out Today. Needs to calm down first. Trading this is financial suicide. I'm not in a hurry to lose money.
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  • #7,318
  • Oct 11, 2018 12:53am Oct 11, 2018 12:53am
Can we Buy DAX in the open
  • #7,319
  • Oct 11, 2018 1:03am Oct 11, 2018 1:03am
DAX opened -2.0% from Y close

Lets see if they can find their way back to the 12K again. Will be a hard job.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #7,320
  • Oct 11, 2018 1:05am Oct 11, 2018 1:05am
Quoting t76_ahmed
Can we Buy DAX in the open
Of course you can. Good luck with that
It's better to be out wishing to be in... than to be in wishing to be out!
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