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

  • #461
  • Edited 2:18am Jun 16, 2017 1:56am | Edited 2:18am
Quoting z.h
What indicator do you use for your chart? Can you put a screen?
I use T3 MA lines and Market Profile TPO indicator and a % from Y close calculation indicator.

What do you mean by put a screen?
It's better to be out wishing to be in... than to be in wishing to be out!
  • #462
  • Jun 16, 2017 3:44am Jun 16, 2017 3:44am
Quoting Dutchy Daxy
{quote} I use T3 MA lines and Market Profile TPO indicator and a % from Y close calculation indicator. What do you mean by put a screen?
Hi Dutchy. Could you clarify your T3 settings. You are using Fast, Medium and Slow T3s those relate to what look back settings, I remember you saying you have different settings for your different Range Bar settings but I can not find any reference to the actual settings. i do understand that you are using NT 8 and that there is a difference in price in MT4 but the closest I have come to emulate your settings is 5, 10 and 30 is that correct?
if you mentioned this on the other thread, my apologies.
Cut your Losers short and let your Winners run.
  • #463
  • Edited 6:14am Jun 16, 2017 5:02am | Edited 6:14am
Quoting dee50
{quote} Hi Dutchy. Could you clarify your T3 settings. You are using Fast, Medium and Slow T3s those relate to what look back settings, I remember you saying you have different settings for your different Range Bar settings but I can not find any reference to the actual settings. i do understand that you are using NT 8 and that there is a difference in price in MT4 but the closest I have come to emulate your settings is 5, 10 and 30 is that correct? if you mentioned this on the other thread, my apologies.
DAX 20 Range chart:

MID MA Line Yellow T3 9 period
STOP MA line Red/Green T3 22 period
SLOW MA line T3 40 period

The MID and STOP MA line form a channel/cloud.
If the price breaks above or below the channel/cloud Long/Short enrtry

If the price is between the MID>STOP lines (inside the green/red channel/cloud) it could go both ways. Chop
I rather wait till price breaks out above/below the channel/cloud.
The wider the channel/cloud the more force there is in the move until the move gets exhausted and/or reaches an importand TPO/% level.

The SLOW T3 MA line (magenta/violet)
The SLOW MA line gives me an extra indication to take an entry or take extra positions after the cross of that line.

So the 20 Range is my PA chart with daily TPO buildings. On the picture you see 3.5 days.

________________________________________________________________________________

The slower chart which is a 35 Range chart shows the Weekly TPO building.
On the picture you see this Week and last Week TPO building
The price line is less noicy of course.

MID MA line T3 4 Period
STOP MA line T3 9 period
SLOW MA line T3 12 period

This chart is more an overall chart to see what happend during the last few Weeks.
The lines are roughly @ the same level on both charts.
So the entry/exit strategy is the same as on the 20 Range chart. Long above and short below the channel/cloud.

On both charts the price line becomes green after an up cross and red after a down cross of the channel/cloud.

Each entry/exit is taken with respect to TPO levels and % levels (0.25%/0.50%/0.75% etc) and time of the Day and news events.

Other markets have different settings but the same strategy/trading plan.
Gold makes very different swing compared with the DAX or the NQ, so for each markets the MA lines are tuned to the swings of that market.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDXM 09-17 (20 Range) 2017_06_16.png Size: 139 KB
Click to Enlarge Name: FDXM 09-17 (35 Range) 2017_06_16.png Size: 128 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #464
  • Jun 16, 2017 6:29am Jun 16, 2017 6:29am
NQ looking for Long

SnP looking for Long

Open in 1 Min

Its Friday and still rolling overrrrrrrrrrrrrr.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #465
  • Jun 16, 2017 6:32am Jun 16, 2017 6:32am
SnP down to -0.25% @ 2426
Hit the -0.25%. See if it holds............

POC little lower @ 2424 zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #466
  • Jun 16, 2017 6:35am Jun 16, 2017 6:35am
NQ -0.50 @ 5682
Hit the -0.50%. See if it holds............

Y POC @ 5672 zone
It's better to be out wishing to be in... than to be in wishing to be out!
  • #467
  • Jun 16, 2017 6:41am Jun 16, 2017 6:41am
DAX is waiting patiencely on its last Weekly POC to see what US will do further
It's better to be out wishing to be in... than to be in wishing to be out!
  • #468
  • Edited 7:01am Jun 16, 2017 6:43am | Edited 7:01am
NQ Long @ 5691

NQ @ -0.50% now @ 5681

Buy 2 lot more

Closed 2 lot +6 points
2 to go.
1 lot closed +10 points
1 to go/On the -0.25% now. Need to break it

+6p locked in last lot
FLAT +6 points last lot
It's better to be out wishing to be in... than to be in wishing to be out!
  • #469
  • Jun 16, 2017 6:51am Jun 16, 2017 6:51am
This down move looks an ordinairy/dirty SL hunt and/or an expiration move.

Almost hit the Y POC and rejected it. Bounced up to Dev Weekly POC @ 5705 zone
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (35 Range) 2017_06_16.png Size: 103 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #470
  • Jun 16, 2017 7:01am Jun 16, 2017 7:01am
SnP has more problems to go up again.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #471
  • Edited 7:27am Jun 16, 2017 7:03am | Edited 7:27am
MDAX Long @ 717
T1 +11p * 2 lot
1 to go..................
SL BE last lot
FLAT BE last lot

On the DAX a Bull Flag or Dragon pattern but needs SnP up support to continue
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 09-17 (20 Range) 2017_06_16.png Size: 125 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #472
  • Jun 16, 2017 7:10am Jun 16, 2017 7:10am
Quoting Dutchy Daxy
SnP has more problems to go up again.
On SnP all my MA lines are gathered/on top of each other, so that ususally mean chop.

Needs to go up to cover some single just made on the quick down move (up to 2429)

Price still below this Weekly POC @ 2430
It's better to be out wishing to be in... than to be in wishing to be out!
  • #473
  • Jun 16, 2017 7:13am Jun 16, 2017 7:13am
NQ price is between 2 of my Slow MA line/locked in the channel (Pink and Blue lines)
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (60 Range) 2017_06_16.png Size: 100 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #474
  • Jun 16, 2017 7:16am Jun 16, 2017 7:16am
Volumes and Rolls
Attached Image
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  • #475
  • Edited 7:33am Jun 16, 2017 7:21am | Edited 7:33am
SnP and NQ looking for their today lows again

SnP didn't hit the -0.50% yet @ 2420/Almost hit. 1 point short so far
It's better to be out wishing to be in... than to be in wishing to be out!
  • #476
  • Jun 16, 2017 7:29am Jun 16, 2017 7:29am
Quoting Dutchy Daxy
This down move looks an ordinairy/dirty SL hunt and/or an expiration move. Almost hit the Y POC and rejected it. Bounced up to Dev Weekly POC @ 5705 zone {image}

Covered the Y POC now and heading lower to...........5665/5660???
5654 -1.00%

Price still on Y POC @ 5672 zone. Thinking what to do... Tanking or hiking
It's better to be out wishing to be in... than to be in wishing to be out!
  • #477
  • Jun 16, 2017 7:41am Jun 16, 2017 7:41am
SnP Long @ 2423.
T1 +1.5p 1 lot
1 to go

Target -0.25% @ 2426.
Next single TPOs up to 2429

See if if went deep enough.

First Cash Hr done.

US housing numbers little disapointing
It's better to be out wishing to be in... than to be in wishing to be out!
  • #478
  • Jun 16, 2017 7:49am Jun 16, 2017 7:49am
Quoting Dutchy Daxy
SnP Long @ 2423. T1 +1.5p 1 lot 1 to go Target -0.25% @ 2426. Next single TPOs up to 2429 See if if went deep enough. First Cash Hr done. US housing numbers little disapointing
FLAT BE last lot. To much down pressure.

Markets gone mess around after first Cash Hr

Will try to go long again @ 2424.50/2425 later or in the 2420 zone if we get there
It's better to be out wishing to be in... than to be in wishing to be out!
  • #479
  • Jun 16, 2017 7:52am Jun 16, 2017 7:52am
Quoting Dutchy Daxy
{quote} DAX 20 Range chart: MID MA Line Yellow T3 9 period STOP MA line Red/Green T3 22 period SLOW MA line T3 40 period The MID and STOP MA line form a channel/cloud. If the price breaks above or below the channel/cloud Long/Short enrtry If the price is between the MID>STOP lines (inside the green/red channel/cloud) it could go both ways. Chop I rather wait till price breaks out above/below the channel/cloud. The wider the channel/cloud the more force there is in the move until the move gets exhausted and/or reaches an importand TPO/% level. The...
Wow. I was not expecting such a concise and detailed explanation. Thank you very much for that, I follow your posts because your analysis of MP is superb, now that I have your settings I will be able to accurately transfer your analysis to my charts and try to see what you are seeing. Your time and effort is very much appreciated.
Cut your Losers short and let your Winners run.
  • #480
  • Edited 8:11am Jun 16, 2017 8:00am | Edited 8:11am
SnP hit the -0.50 on the tick @ 2420
Lets see if this hold.

Long@ 2421
T1 +1.5 point
1 to go/SL BE


NQ Long @ 5668 1 lot
Could drop to the -1.0% @ 5654 zone
FLAT -5 points

As Yersterday. Traders are in a que @ Starbucks.
It's better to be out wishing to be in... than to be in wishing to be out!
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