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

  • #21
  • Edited 8:07am Mar 15, 2017 7:41am | Edited 8:07am
FOMC later today and roll overs/experation contracts/options this Week.
Quad Witching on Friday

Probebly less correlation in the markets this Week.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #22
  • Mar 22, 2017 9:12am Mar 22, 2017 9:12am
Hello
Very interesting thread.

Dutchy Daxy Can you please explain a little about how you choose your stops?

Do you put your stops near Levels or do you have a certain tick number for stops?

Thank you
  • #23
  • Edited 9:59am Mar 24, 2017 9:37am | Edited 9:59am
Hi Guys,

Tried studying MP in the past and just hit a brick wall, decided I am going to try again as I have always felt there was an edge to be had from reading the TPO.
I am right in believing where I have drawn my box the market at some point should return there.

I am not sure how much benefit there is from displaying volume on the TPO as it just looks like there is a lot of volume where all the PA was and very little volume where the thin PA is.


Would this area be valid to go long , for as long as it takes to get back there, which could be next week now?

If I am understanding this correctly if this area is traded today would you reasonably expect it to return back up to today's POC?

Attached Image (click to enlarge)
Click to Enlarge Name: TPOChart.PNG Size: 28 KB
'May God guide you on your life's journey...'
  • #24
  • Mar 24, 2017 12:32pm Mar 24, 2017 12:32pm
Quoting wonderwoman
Hi Guys, Tried studying MP in the past and just hit a brick wall, decided I am going to try again as I have always felt there was an edge to be had from reading the TPO. I am right in believing where I have drawn my box the market at some point should return there. I am not sure how much benefit there is from displaying volume on the TPO as it just looks like there is a lot of volume where all the PA was and very little volume where the thin PA is. Would this area be valid to go long , for as long as it takes to get back there, which could be next...

Post #30,828

Post #30,824
It's a dirty job but someone's gotta do it!
  • #25
  • Apr 11, 2017 7:36am Apr 11, 2017 7:36am
Just starting to look at MP levels and i am intrigued i must say. I see there is alot of good reaction around the POC and VAL/VAH areas on the Dax.

I am having a problem finding a reliable MP indy for MT4 that is not resource hungry though, i will have to search a bit harder for that.
  • #26
  • May 3, 2017 7:44am May 3, 2017 7:44am
So far the best market profile indicator for mt4 that i have found is from here: https://www.earnforex.com/metatrader...MarketProfile/
Or you can google ´market profile indicator mt4´ and you ll see that link aswell.. But it does make mt4 a lot slower, especialy when you switch chart time frames. To avoid that i have a daily market profile setup on m30 and a weekly marketprofile setup on my h4 chart.
Does someone has a better market profile indicator for mt4?
kind regards
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30.fsM30.png Size: 171 KB
Everything is probable
  • #27
  • May 4, 2017 3:38am May 4, 2017 3:38am
Quoting Langenes
So far the best market profile indicator for mt4 that i have found is from here: https://www.earnforex.com/metatrader...MarketProfile/ Or you can google market profile indicator mt4 and you ll see that link aswell.. But it does make mt4 a lot slower, especialy when you switch chart time frames. To avoid that i have a daily market profile setup on m30 and a weekly marketprofile setup on my h4 chart. Does someone has a better market profile indicator for mt4? kind regards {image}
this thread may help with MP via MT4

https://www.forexfactory.com/showthread.php?t=608433

trade well
It's a dirty job but someone's gotta do it!
  • #28
  • May 23, 2017 1:51am May 23, 2017 1:51am
All US markets moved up to the last Week POC before the Trump down move.

Now we have to wait if they want to continue to go up or not.
Attached Image (click to enlarge)
Click to Enlarge Name: May 23 Weekly TPO 9AM.JPG Size: 225 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #29
  • May 23, 2017 2:16am May 23, 2017 2:16am
German IFO in 45 Minutes.
Expected higher
It's better to be out wishing to be in... than to be in wishing to be out!
  • #30
  • May 23, 2017 2:20am May 23, 2017 2:20am
DAX and EUROSTOXX try to go up.

DAX on last WEEKLY POC

EUROSTOXX has a pocket to fill up to 3592
Attached Image (click to enlarge)
Click to Enlarge Name: EUREX Wkly TPO May 23 9 AM.JPG Size: 155 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #31
  • May 23, 2017 2:24am May 23, 2017 2:24am
US$ still under pressure.
That moves up the Gold again. On last Week high zone again @ 1264

Still Long @ 1230 last Week.

As long as the price remains in or above the green cloud, I stay Long
Attached Image (click to enlarge)
Click to Enlarge Name: GC 06-17 (45 Range) 2017_05_23 Weekly TPO 9 AM.png Size: 136 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #32
  • Edited 3:01am May 23, 2017 2:32am | Edited 3:01am
DAX and EURSTOCXX Long

FDAX
T1 +11p
1 lot to go
+30p locked in and trailing.
Target 12.700/750??

FESX (EUROSTOXX) T1 +5
1 to go/SL BE
Target 3590

DAX and FESX on the +0.5% from Y close @ 684
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDAX 06-17 (38 Range) 2017_05_23.png Size: 73 KB
Click to Enlarge Name: FESX 06-17 (4 Range) 2017_05_23.png Size: 63 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #33
  • May 23, 2017 3:03am May 23, 2017 3:03am
German numbers better then expected
It's better to be out wishing to be in... than to be in wishing to be out!
  • #34
  • May 23, 2017 3:08am May 23, 2017 3:08am
DAX+50p locked in

@ 700 now

FLAT +55 points last lot

Coffee time now in EU
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 06-17 (20 Range) 2017_05_23.png Size: 75 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #35
  • May 23, 2017 7:06am May 23, 2017 7:06am
NQ has a Gap to close up @ 5725/May 16. Also +0.5% zone.

GAP down to 5680>5665 (-0.5% zone) Not for today I think
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQ 06-17 (17 Range) 2017_05_23.png Size: 77 KB
Click to Enlarge Name: NQ 06-17 (50 Range) 2017_05_23.png Size: 92 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #36
  • May 23, 2017 7:24am May 23, 2017 7:24am
SnP hit the POC of May 16th.
Close of May 16th same level.

TPO Pocket/Gap down to 2375 zone (-0.75%). Not likely to reach today I think.

Up target could be 2405/+0.5%
Attached Image (click to enlarge)
Click to Enlarge Name: ES 06-17 (6 Range) 2017_05_23.png Size: 79 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #37
  • May 23, 2017 7:57am May 23, 2017 7:57am
More details of President Donald Trump's first budget proposal were reported Monday by Bloomberg and Reuters. The leaks add to the picture of what we know about Trump’s budget, which also includes a flurry of leaks published by The Washington Post, the Associated Press and Bloomberg late Sunday, which fleshed out Trump’s plans to slash entitlement spending.
In total, the budget plans to trim $3.6 trillion in spending over 10 years across all discretionary spending and non-discretionary spending lines, in order to enable tax reductions across the board: if enacted - and remember that the president's budget is just an initial blueprint which rarely passes in its original form - the Trump administration would implement the deepest cuts to government programs in a generation, delivering the opening salvo in a new round of budget battles in Washington.

Bloomberg also noted that Trump’s budget been declared dead on arrival by many of his Republican allies in Congress,” so Trump may be headed for another protracted legislative battle.
The full proposal, titled “A New Foundation for American Greatness,” is expected at 11 a.m. Eastern. The proposal relies on a mix of cuts to anti-poverty programs, optimistic economic forecasting and deep cuts to nondefense discretionary funding to meet its targets.

 

  1. budget also includes plans to sell off half the oil in the US Strategic Petroleum Reserve (SPR), an unexpected announcement which has pressured the price of crude on Tuesday.

It's better to be out wishing to be in... than to be in wishing to be out!
  • #38
  • May 23, 2017 8:34am May 23, 2017 8:34am
Quoting Dutchy Daxy
US$ still under pressure. That moves up the Gold again. On last Week high zone again @ 1264 Still Long @ 1230 last Week. As long as the price remains in or above the green cloud, I stay Long {image}
GOLD keeps moving up +$3.00/$4,00 again.

SL @ 1260.00 now. Don't want to give away to much.

1264 is a Res. level. Hit several times last days
It's better to be out wishing to be in... than to be in wishing to be out!
  • #39
  • May 23, 2017 8:43am May 23, 2017 8:43am
NQ Short @ 5708

T1 +5p * 3 lot.
1 to go/SL BE and trailing
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 06-17 (17 Range) 2017_05_23.png Size: 55 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #40
  • May 23, 2017 8:46am May 23, 2017 8:46am
Quoting Dutchy Daxy
NQ Short @ 5708 T1 +5p * 3 lot. 1 to go/SL BE and trailing {image}
+5p locked in last lot
+10p locked in last lot
FLAT +12points last lot

Target down @ 5686 -0.25%

5689 is the Overnight Low

Price now on developing Weekly POC @ 5696.50/ Hesitation
It's better to be out wishing to be in... than to be in wishing to be out!
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