Have you seen it! The capitulation climatic sell. 200 long contracts puked (forced to cover). Market then picked up from there. Just like I said market sometimes has to fall first to liquidate a portion of the weak hands before it can be lifted.

DAX Futures June 2018

DAX testing yesterday's VPOC and today's daily pivot.

London session market profile preps and journal for DAX

I admire your mental fortitude. Each time when my position is under water, I would think about how you manage positions and then I immediately feel empowered.

DAX Futures June 2018

Apparently, my call was extremely timely. But my entry is missed by half tick. Now come back and retest. COme on!

London session market profile preps and journal for DAX

DAX has come off the highs since our last call based on the Wolfe wave pattern formation. Now it is just above the London session low of 12580. From what I understand from the market maker of DAX, I don't believe that they are going to leave the ...

London session market profile preps and journal for DAX

Too slow an order flow. I am heading for lunch now.

London session market profile preps and journal for DAX

Oh, fighting the tape is painful in DAX. I have done this many times last year. Now not anymore, luckily.

London session market profile preps and journal for DAX

Look again now. What do you see? Has Dax made a new high after my call?

London session market profile preps and journal for DAX

Breaking the rising support line in DAX. It is the start of the inventory re-balancing.

London session market profile preps and journal for DAX

Trading Cac is a much less stressful than DAX so that I am able to hold it longer. But it is also noticeably slower. It is a nice instrument to practice patience.

London session market profile preps and journal for DAX

The Wolfe short in Cac is finally bearing fruit after 1 hour of waiting.

London session market profile preps and journal for DAX

Pound reacting to the POC of month of March.

Market profile prep for Forex majors

Break of the lower edge of the rising wedge formation would accelerate the decline towards 12600 area.

London session market profile preps and journal for DAX

Three consecutive highs making a Wolfe wave. The market maker has taken out the 12650 major swing level. It is time for the market maker to auction the price lower if he would like to do so. Though I fully admit the possibility that I could be ...

London session market profile preps and journal for DAX

A buy program has initiated from 12580. After the buy program, the market maker run the stops above today's high before topping out. From this hourly chart, we can see that dax has taken out a swing level at 12631. The next big one is at 12650. I ...

London session market profile preps and journal for DAX

Strong selling pressure pushing price towards the liquidity pool at 12580. Look at the strongly negative delta.

London session market profile preps and journal for DAX

Since we are trading above the 2 std 2day VWAP band at this moment, I am not allowed to buy at this price. By looking below, there is a shallow double bottom around the VWAP that the market maker could run for liquidity. Note that the VWAP are the ...

London session market profile preps and journal for DAX

Yesterday DAX was hit by a long liquidation in the morning which takes out the last Friday's low. But the dip was bought into by some big funds. On the back of weak Euro, it has taken out the Friday's high on the other side which leaves us with a ...

London session market profile preps and journal for DAX

To me the most reliable trades are those traded from a key TPO locations. For example, there is a 10 points reaction at last Tuesday's naked VPOC @12494 when the market was heavily sold. If you size your position properly to take partial profit at 8 ...

London session market profile preps and journal for DAX

Cac had a bullish response from last Friday's value low and VPOC. Today we are still seeing a divergence between the Cac and dax. Cac has been bullish throughout the last week.

London session market profile preps and journal for DAX