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Carpe diem: Intraday tactics for Dax and Dow

  • #26,541
  • Oct 6, 2016 10:04am Oct 6, 2016 10:04am
Quoting Dutchy Daxy
Oil pulls back. Reached a pocket of many weeks ago (green lines) 1 lot closed +25 points FLAT last lot +20 points Little pocket to fill on Weekly TPO chart down to 50.00 zone {image}
Oil went down to fill that pocket @ $50.00 on the Weekly TPO chart and popped up from there again.
My exit was to early
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,542
  • Oct 6, 2016 10:08am Oct 6, 2016 10:08am
T1 +11 x 3 lot
1 to go
FLAt BE last lot

Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,543
  • Edited 10:32am Oct 6, 2016 10:21am | Edited 10:32am
I just checked the MONTHLY TPO charts and both markets (S&P and DOW) bounced off of their September Monthly POC lines.

They also couldn't cross their Tuesdays POC's
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,544
  • Oct 6, 2016 10:29am Oct 6, 2016 10:29am
S&P
T1 +1 point
1 to go
FLat BE last lot

DOW T1 +11 points x 3 lot
1 to go
FLat BE last lot

EUREX closed

ALmost US lunch time.
Markets may stall here

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Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,545
  • Oct 6, 2016 10:54am Oct 6, 2016 10:54am
WOW (1 WOW is enough)
They closed the upper Y GAPS in one stripe
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,546
  • Oct 6, 2016 10:55am Oct 6, 2016 10:55am
FOREX:
Here we go Social media carrying comments form ECB VP Vitor Constancio Reports the there's a consensus on tapering is incorrect There are absolutely no foundations to all the rumours about the future path of QE
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,547
  • Oct 6, 2016 11:05am Oct 6, 2016 11:05am
Quoting Dutchy Daxy
{quote} I do as everybody else seems to do, but the MP levels (specially the POC's) are MUCH more relevant for me then the uncovered closes of previous day(s)
When you see uncovered close, do you mean closes where the there are very few TPO blocks? Or does it mean something else? That was actually what I was confused about haha
  • #26,548
  • Oct 6, 2016 11:55am Oct 6, 2016 11:55am
Quoting Dutchy Daxy
{quote} To be honest.....I haven't got a clue. Same story with filling Gaps/Pockets/Singles on TPO charts. These pockets/Gaps are born during a fast runs (up or down) and are light volume traded zones. They have to be traded/tested again apperently. Has to do with different time frame traders. One day (i hope during this life) I can maybe tell you. Still one of the many secrest of Market Profile I have to find out
I was going to ask the very same thing but he beat me. Thanks for answering, looking into it as it is interesting.
  • #26,549
  • Oct 6, 2016 12:07pm Oct 6, 2016 12:07pm
Quoting dontknowwhy
{quote} When you see uncovered close, do you mean closes where the there are very few TPO blocks? Or does it mean something else? That was actually what I was confused about haha
A; In my view a close is the price where the Cash market closed at the end of the day.
When the next day the Cash market opens higher or lower then the previous days close, there is a GAP between those two prices. When the price is going back to a close, that is a GAP close.

B: There can be a GAP between the High and Low of 2 days.
That GAP you can see very clear on a Daily TPO chart.
In general that GAP has to be filled/traded as well.
I call this a GAP fill.

C: There can be GAPS or POCKETS on the TPO charts.
During a fast up/down move the TPO chart shows a single line of TPO blocks. Light Volume traded zone.
These Pockets/Gaps have to be "filled" or traded again later.
Sometimes the same day/sometimes several days later.
I call this a POCKET fill or TPO GAP fill or SINGLES to cover

Maybe confusing, but when you watch the TPO charts a few weeks you will recognize all very easy.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,550
  • Oct 6, 2016 3:58pm Oct 6, 2016 3:58pm
Quoting Dutchy Daxy
{quote} A; In my view a close is the price where the Cash market closed at the end of the day. When the next day the Cash market opens higher or lower then the previous days close, there is a GAP between those two prices. When the price is going back to a close, that is a GAP close. B: There can be a GAP between the High and Low of 2 days. That GAP you can see very clear on a Daily TPO chart. In general that GAP has to be filled/traded as well. I call this a GAP fill. C: There can be GAPS or POCKETS on the TPO charts. During a fast up/down move...
I call them "soldiers" to pick they are not left behind when wounded lol
  • #26,551
  • Oct 6, 2016 4:01pm Oct 6, 2016 4:01pm
what is your thought about non farm pay roll tomorrow. Anybody have idea about how the price will move?
  • #26,552
  • Oct 6, 2016 4:13pm Oct 6, 2016 4:13pm
Quoting phan28395
what is your thought about non farm pay roll tomorrow. Anybody have idea about how the price will move?
Yes - price will move to the right!
Please add more indicators, I still see the real price! Thanks!
  • #26,553
  • Oct 6, 2016 5:23pm Oct 6, 2016 5:23pm
Quoting Dutchy Daxy
{quote} A; In my view a close is the price where the Cash market closed at the end of the day. When the next day the Cash market opens higher or lower then the previous days close, there is a GAP between those two prices. When the price is going back to a close, that is a GAP close. B: There can be a GAP between the High and Low of 2 days. That GAP you can see very clear on a Daily TPO chart. In general that GAP has to be filled/traded as well. I call this a GAP fill. C: There can be GAPS or POCKETS on the TPO charts. During a fast up/down move...
Brilliant, brilliant reply as usual. Thanks Dutchy!
  • #26,554
  • Oct 7, 2016 12:08am Oct 7, 2016 12:08am
Will they find the right road ??

Sixer
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  • #26,555
  • Edited 1:17am Oct 7, 2016 1:01am | Edited 1:17am
Quoting Sixer
Will they find the right road ?? Sixer {image}
GBP/USD hits a 700 pip air pocket It's madness in the markets as the bottom falls out of the pound. The bids have been pulled with no buyers on the downside as the Brexit trade capitulates.

An extraordinary 10 per cent flash crash by the British pound has left currency traders baffled about its cause. At 10:07am (AEST) the pound suddenly crashed from $US1.26 against the US dollar to a fresh 30-year low below $US1.14 in a matter of seconds.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,556
  • Oct 7, 2016 1:06am Oct 7, 2016 1:06am
NFP later today.

Any improvement could trigger the expectation of US rate increase and make the markets dropping.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,557
  • Edited 2:04am Oct 7, 2016 1:10am | Edited 2:04am
Dax short
T1 +11
SL BE last lot

Y POC @ 574
Y VAL @ 545

YY POC 534
YY VAL @ 520

(YY = 2 days back)
Attached Images
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,558
  • Edited 2:46am Oct 7, 2016 2:06am | Edited 2:46am
POCKET waiting below in the DAX

+30 locked in last lot
+40 locked in last lot
FLAT +41 last lot

S&P
T1 +2 points
1 lot to go
FLAT +2 points last lot

DOW
T1 +11
1 lot to go
FLAT +10 last lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,559
  • Oct 7, 2016 2:09am Oct 7, 2016 2:09am
15 Min chart

When I see red candles on all 4 markets below the Slow MA line I won't have to think that much anymore.

FESX =EUROSTOXX
ES = S&P
YM = DOW
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX 12-16 (15 Min) _ FESX 12-16 (15 Min) _ ES 12-16 (15 Min) _ YM 12-16 (15 Min) 7-10-2016.jpg Size: 89 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #26,560
  • Edited 3:03am Oct 7, 2016 2:25am | Edited 3:03am
DAXShort again @ 510
T1 +11 points
SL BE
FLAT +20 last lot
Maybe I will add more contracts if it really starts to dive

GAP to fill below

Next support 480 / Lows of Thues/Wednesday
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-16 (14 Range) 7-10-2016.jpg Size: 57 KB
It's better to be out wishing to be in... than to be in wishing to be out!
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