London session market profile preps and journal for DAX - Page 3
Page 3 of 505 FirstFirst 12345 LastLast
Results 21 to 30 of 41

Thread: London session market profile preps and journal for DAX

  1. #21
    In case you do not fancy the vicious stop run price action in DAX, then you can try your luck in CAC, that is quite a bit more mild and technical.
    Watch it pulled back just into the session VWAP before shooting higher for another leg while DAX was doing a deep stop run beneath the double bottom formed this morning.

  2. #22
    Watch your back!
    The market maker has your stops in mind. See the 850 degree may be in the cross hair of their algos in the case of deep stop run prior to going higher.

  3. #23
    A bearish pattern awaiting the rest.

  4. #24
    Quote Originally Posted by ;
    A bearish pattern awaiting the rest. image
    Bulls just can't stand back over the VWAP. It's bearish.

  5. #25

  6. #26
    In the dax typical style, first it runs the halt above the range top 85 and absorb those cease orders before letting the price drop to the other hand.

  7. #27
    Pretty much because the Italy non-sense, the Ny session is in fact a whole lot more directional with a clear goal wanting to break the DAX down. Hence the cash session TPOs are quite useless these days. Rather I'm relying on the ETH chart for setup.

    In the 60 minute ETH chart, we could see that yesterday's bull flag has failed 1 hour following the cash available, and the major bear rising wedge appears to be carrying the rein. This wedge was attracted by someone about the twitter several days past. However, I was buying into the simplistic view that DAX would go down from the wedge break. DAX never went before the shorts are squeezed.
    We had a few extremely strong short squeeze times people might be confusing it with a bullish trend day.

    Currently the reality has kicked in that DAX is moving down for real. But usually after a major low is taken out, a short squeeze ensues. This time is very likely to be the same. I am looking in the retest of the 12765 to 12770 zone for a short. If it had been to squeeze higher, then allow it top out before taking shorts. We are in a very volatile period related to transitioning from bull phase to bear phase that it is going to test accurate trading abilities.

    'Sell a level and hoping that it melt from there' is never going to work in this market. Be flexible and do not buy the drops anymore.

  8. #28
    At this time DAX is trade in the 3 std dev of this weekly VWAP band.
    It is clearly more than sold. We're anticipating some snap back into the weekly worth even get over the weekly worth before initiating selling.

  9. #29
    In case you're wondering what the openning driveway that has been coming from.
    That is in the Wolfe wave that's very powerful in DAX, NQ, and Dow.
    Once you know how to identify them, your trading could be miles distinct what was.

  10. #30
    Quote Originally Posted by ;
    If you're wondering what the openning driveway which has been coming from. That is from the Wolfe wave which is extremely effective in DAX, NQ, and Dow. When you are aware of how to identify them, your trading could be miles different what was. image
    interesting, so based on the pattern, next move could be a significant upmove again...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information