Islander and Medici trade the European open

Meanwhile, Dax has held above its BRN & 50% retrace and just under that Virgin POC from yesterday's action and has now moved back above its upward sloping M5 200 SMA - here shown as the 66 SMA

As mentioned in Dutchy Daxy's Thread, my last trade in Dax

Where's Dax's volatility gone??

Less than 50 pts range since Extra Open - old hours

You ask and you get it!

Empirical Solution : Envelopes

Envelopes façon Gann / Hurst / Parisboy give you an excellent approximation of potential Amplitudes of Up and Down Trend Price Action movements Short , Medium or Long Terms (relatively to the Time Unit you have choosen)

Envelopes help you too to determine the various potential levels acting as Support or Resistance

Moreover exact understanding of the nature and of the way how the Underlying Trend works allows you a good analytic understanding of Price Action variation

It is the reason why I do not trade the french CAC 40 whose "volatility" = amplitude of the Envelopes is roughly HALF of the volatility of the DAX (in points) which itself is half of the volatility of the DOW.

French CAC 40 fluctuates around 5000 +, the German DAX around 12.500 and the DOW around 25.000 +

If you consider that "average volatility" has an Amplitude of 1 % , this fact gives for the Envelope 256 TU (brown) 50 points for the CAC (62,5) , 125 points for the DAX and 250 points for the DOW

Then it is easier and safer to enter following an impulse Up or Down on the DAX or the DOW than on the CAC or the SP (1% of 2800 = 28 points)

on the chart you can visualize that the Underlying Trend had 3 times more influence on Price Action (90 points) than the Short Term fluctuations within the Envelope 32 TU (blue) whose Amplitude = 31,25 points

My take was its gone because you're on holiday

Re: that sharp fall in Dow yesterday.....nice to see that IF I'd been trading, I should have been short on either the move below the dragon OR on a stop under that low ~the -0.25 level.

Also nice that the -0.4% envelope / band of the 100 SMA was a good guide to exit

here in Dax, the -0.15% of the 40 LWMA - middle the The Dragon - is a reminder that Dax is getting away from The Dragon and MAY pull back - which it did ~ the - 0.75% level - a confluence area with the -0.25% of the 100 sma there too...

Thanks PB - as ever, an interesting post

The Three Dragons used with common sense continue to show the way

nice continuation sells until the lack of aggression & volatility around the last low at the minor SS confluence with the 786 fibonacci retrace suggested a pull back.

A nice more up to the BRN allowed me to bank and wait to see if rgere would be a Higher Low.

There was, although the move failed before the BRN.

Now waiting for the NYSE Open

Bought the fake-out spike down at NYSE Opn off S20 chart for +64 .... will try to post chart later

Bought PB BRN

Edit Sl to +50

Edit: out +58

Bt PB 50 SS

Esdit: bailed 5ish

Dickering around The Dragon - stand aside

Edit: HL gave a heads up - I was slow so only 20 ish fro a 60 pt swing

Edit: -7 on late entry - posting here and live in our room too difficult

DOW was quite volatile last friday, good apportunities both ways.
Taken the longs only as I had to go away for the rest of the us sesson.
Well spoted long entry at the DOW US opening,

Indeed it was here's my M 1 chart for the early part after NYSE Open

Annoying that I went out 15 mins before the high...Dax then fell 1.25%

Nice fall on dax since FO down to old fractal - M likes these

Dow's hit one too