Islander and Medici trade the European open

M1 chart shows the 1.0% fall since FO - thanks DD for that idea

Target for this morning is the 1.25% fall ~ 11,925 in confluence with a Hidden Gap hourly WRB

Target reached

Stick with the basics...HL / LH, H&S etc KISS

Pull a fib over the range since FO and you'll notice the confluence with the 50% retrace - simples

Again, the basics. Pre Eurex Open - aka Frankfurt Open - Dax showing Higher Lows with the Three Dragons in bullish harmony, pointing up to the Price Projection off my M5 chart at 12,103.

Buy the rising Fast Moving Average or wait for a Pull Back - a nice one to the confluence around the 25 SS

The open of the Cash market continued on up into the WRB climax above my PP and MR 2 a 77 pt move from FO to a +1% move from the Friday afternoon low.

Wait for a Lower High to sell with the 50 SS / MR 1 confluence - also a 50% retrace of the rally off Friday's Low - so a likely initial target for some 55 pts. KISS

More detail can be seen on my S20 chart

PS. M1 fractal just held, also the 500 SMA so bought the 50 SS - also > the FMA

Edit: Didnt go far, so bailed for a few and will now wait for the US Traders to wake up

Today's action so far on M5 as posted elsewhere:

"After the Extra Open the failure to move above the BRN in the Lower High suggested trading the short side.

Using DD's % targets a 1% move gave us a target around the 11,990 area with the green old fractal a few pts lower.

Once reached the inverse head & shoulders easily see on a M 1 chart has the 50% retrace around the 12,050 level with a confirmed buy off the lower BRN

Range since XO 120 pts down with 71 up......plenty of opportunities for the intra day trader"

M1 chart. Now waiting for NYSE open

Hello Islander, interesting charts. I'm trading DAX too so can I ask how you use the Volatility (it's ATR 1 right?) and Aggression (sort of a Better Volume modification?) to tell you sth about what price is likely to do next? In your signature you say "Trading Levels with Aggressive, Volatile Volume", but I'm still not sure how it works.
Thx for your posts & good trades!

Dax not falling as much as Dow, but still all Dragons are red, so dont fight the trend until there's a clear signal....

Check your PM

A clear signal, but on a very low time frame!

Higher Lows on my S20 chart so scalped a few from a contra trend buy - not from the inexperienced!

A better signal on M1 chart at 9:55 gmt....an aggressive high volatility move up thru the fast MA and minor SS. Wait for the Pull Back to the SS and buy the Higher Low

12:30 gmt Dax made new low for this move in a HV M5 graveyard doji. Dow also made a new low - all of 5 pts lower!

At 12:49 gmt dax made a HL ~its minor SS = Buy with first tgt ~40 pts higher, as there's a POC level close, I banked there.

Now waiting till nearer NYSE open. Dow had similar move and now back around its BRN

Yesterday Dax cash opened gap down and fell another 1% from there - much less than the Dow.

It recovered in late trading with a HL which gave a KwiOz PP to the area of its 38% retrace. There is also a WRB around that gap with a 50% retrace there too, so plenty of upside targets IF both Dax & Dow can break above their current highs at their respective BRNs

As ever, TWT

M1 chart nasty with narrow range since the cash open plus tails & wicks

Dax M1's nasty chart for this morning. Is the failure to get much above the 11,900 brn and reach even the 38% fib telling us that there is more downside?? TWT

M1 LH after US data sold Dax & Dow

Edit: banked a few in dax when it held at its fma. Holding Dow and waiting for NYO

Edit: out for 30 in spike to SS - now wait for NYO

Trump's overnight tweet sent Dow down to retest yesterday's low, the very thin overnight Dax also fell more than 100 pts

At Eurex open Dax made a new low - pre cash market, so small buy at 11,780

Edit: -10 too early - wait for cash to open. Dow now making new lows

M1 HL after = L, small long 11,765

Edit: +5 - wait for XO

Sold ss into cash open

Edit: +16 and wait

Three Dragons all red - sold PB 11,749

Edit: +35 at SS