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

  • #141
  • May 26, 2017 8:03am May 26, 2017 8:03am
Quoting mr.brown
{quote} u trade around 5 lots at a time for relatively small gain. mostly taking 3-5-10-15 pips in profit. Have u ever experienced a reverse spike, if yes what did u do, does stops fill?
US markets 1 trade in general 2 to 4 lots.
FDAX I trade 1 to 2 lots only.
MDAX I trade 2 to 3 lots only.

With the first lots I cover 5 to 10 ticks in the Futures. Quick profit. (scalp)
The last remaining lot I try to catch a runner. But runners happen most of the time only 1 or 2 times out of 10 trades.

When there is a fast reverse (like yesterday in the DAX) there can be some slippage in closing the position.
I usually close a position market.

1 point SnP = $ 50,00 (4 pips)
1 point NQ = $ 20.00 (4 pips)
1 point FDAX = E 25,00 (2 pips)
1 point MDAX = E 5.00 (no pips)

So each trade I try to grap +/- $ or E50.00 to 100,00 with the first lot(s)
When the last lot is a runner its a nice extra.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #142
  • May 26, 2017 8:06am May 26, 2017 8:06am
Quoting Dutchy Daxy
{quote} US markets 1 trade in general 2 to 4 lots. FDAX I trade 1 to 2 lots only. MDAX I trade 2 to 3 lots only. With the first lots I cover 5 to 10 ticks in the Futures. Quick profit. (scalp) The last remaining lot I try to catch a runner. But runners happen most of the time only 1 or 2 times out of 10 trades. When there is a fast reverse (like yesterday in the DAX) there can be some slippage in closing the position. I usually close a position market.
if u can cover w/ small slippage then its perfect
WaBaS Where are Buyers and Sellers
  • #143
  • May 26, 2017 8:19am May 26, 2017 8:19am
Quoting Dutchy Daxy
{quote} US markets 1 trade in general 2 to 4 lots. FDAX I trade 1 to 2 lots only. MDAX I trade 2 to 3 lots only. With the first lots I cover 5 to 10 ticks in the Futures. Quick profit. (scalp) The last remaining lot I try to catch a runner. But runners happen most of the time only 1 or 2 times out of 10 trades. When there is a fast reverse (like yesterday in the DAX) there can be some slippage in closing the position. I usually close a position market. 1 point SnP = $ 50,00 (4 pips) 1 point NQ = $ 20.00 (4 pips) 1 point FDAX = E 25,00 (2 pips) 1...
MM is the part of trading with strategy. without one the other is useless. taking partially closes and runners are good combination. not crticising your way of trading just making some gossip on how you manage to enter that precised while your stops should be tight. with tight stops its hard to achive high win rate but actually you do.

this what caught my attention. any comments?
WaBaS Where are Buyers and Sellers
  • #144
  • May 26, 2017 8:20am May 26, 2017 8:20am
Quoting mr.brown
{quote} if u can cover w/ small slippage then its perfect
There can be 2 to 4 pips slippage, sometimes no slippage, but I don't care much about that. We know that and is part of the game.
I more care about a good entry on the right place and time, which is not always an easy job as you know.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #145
  • May 26, 2017 8:27am May 26, 2017 8:27am
Quoting mr.brown
{quote} MM is the part of trading with strategy. without one the other is useless. taking partially closes and runners are good combination. not crticising your way of trading just making some gossip on how you manage to enter that precised while your stops should be tight. with tight stops its hard to achive high win rate but actually you do. this what caught my attention. any comments?
I have some welll balanced MA lines (for each market a different setting)
When the PA is againts me and crosses that MA line, I will be out.

Besides that, the % levels and MP tell me a lot of possible targets.
They work as magnets.
So when a MP or % level starts to attract the price (price is heading in that direction), I only have to take care that the price is on the correct side of my selected MA line.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #146
  • May 26, 2017 8:28am May 26, 2017 8:28am
Quoting Dutchy Daxy
{quote} There can be 2 to 4 pips slippage, sometimes no slippage, but I don't care much about that. We know that and is part of the game. I more care about a good entry on the right place and time, which is not always an easy job as you know.
slippage isok. its every where the problem is not get filled. it not filled while if ur broker is market execution then that can happen, u can find yourself with lets say -100 floating w/ 3-5 lots. question is if u have experienced such thing or how do u prevent of that situation. this not a trap question. I really wanna learn
WaBaS Where are Buyers and Sellers
  • #147
  • May 26, 2017 8:31am May 26, 2017 8:31am
Quoting Dutchy Daxy
{quote} I have some welll balanced MA lines (for each market a different setting) When the PA is againts me and crosses that MA line, I will be out. Besides that, the % levels and MP tell me a lot of possible targets. They work as magnets. So when a MP or % level starts to attract the price (price is heading in that direction), I only have to take care that the price is on the correct side of my selected MA line.
very clear, thank u
WaBaS Where are Buyers and Sellers
  • #148
  • May 26, 2017 8:35am May 26, 2017 8:35am
what I have leaned after some years of trading is, market has its own dynamics and it has min distances should be secured. there is no guarantee that market will always stay in 10-20 pips range. when it starts moving it can move 100 pips in a second or less. so my logic tells me that trading for small pips is always under threat of being caught on the wrong foot.
WaBaS Where are Buyers and Sellers
  • #149
  • May 26, 2017 8:41am May 26, 2017 8:41am
Quoting mr.brown
{quote} very clear, thank u
I forgot to tell that my Priceline is programmed to re color after the crossing of the (by my chosen) MA line.
I want to see changes on the chart very visible.

I have 2 charts.
Fast range PA chart and a slower Weekly Range chart (overview).
I take care that ALL my MA lines show the same level on both charts.
That means see the same MA line levels weather I watch the PA or the Weekly chart.

That helps with taking the Entry/Exit decision much better/consequent, whatever chart I'm looking at.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #150
  • May 26, 2017 8:48am May 26, 2017 8:48am
Quoting Dutchy Daxy
{quote} I forgot to tell that my Priceline is programmed to re color after the crossing of the (by my chosen) MA line. I want to see changes on the chart very visible. I have 2 charts. Fast range PA chart and a slower Weekly Range chart (overview). I take care that ALL my MA lines show the same level on both charts. That means see the same MA line levels weather I watch the PA or the Weekly chart. That helps with taking the Entry/Exit decision much better/consequent, whatever chart I'm looking at.
ninja is a good station
WaBaS Where are Buyers and Sellers
  • #151
  • May 26, 2017 8:56am May 26, 2017 8:56am
Quoting mr.brown
what I have leaned after some years of trading is, market has its own dynamics and it has min distances should be secured. there is no guarantee that market will always stay in 10-20 pips range. when it starts moving it can move 100 pips in a second or less. so my logic tells me that trading for small pips is always under threat of being caught on the wrong foot.
So is trading for longer runs. Always under threat when you are in a position.

Sounds the same as life.
One moment your seem very healthy and the next moment.......
Ofcousrse there is no garantee.
If you want garantee with trading? There is not.
If somebody can't deal with that, better put your money on the bank or under your bed.
But I can garantee you it can be stolen on both places as well.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #152
  • May 26, 2017 8:58am May 26, 2017 8:58am
NQ still looking for 5800? (Futures)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #153
  • May 26, 2017 9:00am May 26, 2017 9:00am
US markets closed the Y Gaps.

SnP +0.25% @ 2420
DOW +0.25% @ 21.120
NQ +0.25% @ 5796
It's better to be out wishing to be in... than to be in wishing to be out!
  • #154
  • May 26, 2017 9:11am May 26, 2017 9:11am
Gold slowely continues to look for higher level.
Above Weekly POC @ 1266
It's better to be out wishing to be in... than to be in wishing to be out!
  • #155
  • May 26, 2017 9:15am May 26, 2017 9:15am
Monday GB/US/CNY Bank Holiday
It's better to be out wishing to be in... than to be in wishing to be out!
  • #156
  • Edited 2:20pm May 26, 2017 9:21am | Edited 2:20pm
Hey Dutchy Daxy ...


... Dax30 cfd (h1) (errata/corrige)


my forecast : (double ABC correction : b3 in building, b5 in waiting with final TP 12730)


...then... the a(c) down sell@12730 (a(c)+b(c)+c(c) = TP 12400))
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Dax(h1).png Size: 269 KB
Click to Enlarge Name: Daxh1).png Size: 224 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #157
  • Edited 10:29am May 26, 2017 9:59am | Edited 10:29am
SnP Short 2414.25
T1 +1 point ($50,00)
SL -1 points. If hit BE trade

Flat BE last lot/ Its going nowere.

Lower Highs so far and back to y close

Price need to get below 2412/11
Attached Image (click to enlarge)
Click to Enlarge Name: ES 1655.png Size: 47 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #158
  • May 26, 2017 10:00am May 26, 2017 10:00am
FDAX Short 1 lot only

Flat +8 points (E200,00)

Just scalping on days like this.
Fly like an eagle. Hit as a snake.
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX1700.png Size: 68 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #159
  • Edited 11:13am May 26, 2017 10:59am | Edited 11:13am
NQ Short
FLAT +1.5 point only * 2 lot . ($60,00)

Needs to get below and stay below the TPO peak @ 5782/80 (Y close)

Nobody is gone pull the plug before the weekend it looks.

Great weekend all.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #160
  • May 29, 2017 5:00am May 29, 2017 5:00am
Hello everybody ...

... Dax30 cfd (h1)


... double ABC correction ... if b5 (93 bars /58 bars =1,6 ratio ) in building (the third one : TP 12657) ... then final (5th of b5) is ... TP 12710


... waiting a(c) ... sell@12710 a(c)+b(c)+c(c) = TP 12400



P.S.
(... otherwice wait b5 with a buy limit @12500 )
Attached Image (click to enlarge)
Click to Enlarge Name: Dax(h1).png Size: 288 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
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