During the weekend, I was thinking over Brixen's approach. He has quite some consistency in trading DAX and got quite some following in the community. But i think it is dangerous to emulate his strategy and way of thinking without understanding your ...

London session market profile preps and journal for DAX

I am late to the party today due to lots of technical issues of my charts. Missed a lot of good trades. First let's take a look at the TPO chart. The profile is telling me that the DAX is bearish. There were two consecutive days of value overlapping ...

London session market profile preps and journal for DAX

During the week, I was busy with the equity indices. However, there are a couple of good trades I have missed in Forex. The Yen short (USDJPY long) trade stands out that there is rejection bar on Tuesday from prior week's POC in the direction of the ...

Market profile prep for Forex majors

I have to say, it starts to make sense to me. Because they are highly correlation, you could execute a pair trading strategy on these two.

London session market profile preps and journal for DAX

What is the advantage to trade this spread?

London session market profile preps and journal for DAX

What I have missed! A precise rejection in DAX at the prior day's VAH 12597.5 around 12:30. I was already away 10 min over 12:00. Too hungry to stay on. I just can't believe they do this kind of move when I was away. Maybe I have to instead eat in ...

London session market profile preps and journal for DAX

Eustoxx50 broke out decisively. The DAX is going to break very soon. Pretending a double top to draw in weak shorts and then squeeze them is the game here.

London session market profile preps and journal for DAX

In the due course, CAC has gone completely ballistic making DAX as a laggard.

London session market profile preps and journal for DAX

When doing the market prep, it is crucial to mark out the double tops and bottoms in the chart before hand. And also the magnet levels. Those levels just draw in the price. Without an awareness of where they are, you are not going to read the ...

London session market profile preps and journal for DAX

Today might be the day of balance that the market maker runs the stops on both side of the market without any commitment to directional moves. The developing profile is a balanced profile with the prior day's cash low being taken out and the spike ...

London session market profile preps and journal for DAX

Well, market has trade right through the 61.8 fib negating the Wolfe wave entry. Instead, it has bounced off from the 78.6 fib.

London session market profile preps and journal for DAX

Second down leg failure. It might be forming a Wolfe wave pattern with the eye of entry at 12558 coinciding with the 61.8 fib.

London session market profile preps and journal for DAX

Impressive result!

DAX Futures June 2018

jtrade, You want the answer? Because Brixen trades with simplicity and consistency. These attributes attract many people including all kinds of esoteric people, like me, who are looking for simplicity and consistency.

DAX Futures June 2018

How that spike leaves us? The DAX has consolidated for 20 mins and then spiked to the upside. It has traded through the 2 day VWAP and traded the other side of the VWAP value zone. To me this is a bullish development. If it is able to consolidate ...

London session market profile preps and journal for DAX

Not at all. You have nothing to apologies. The moment I have said about the short side, the market has immediately reversed on my face. DAX surely leave no single chance to surprise people both longs and shorts.

DAX Futures June 2018

Divergence in DAX premium which could setup a short. I don't have internals for Eurex, hence can only use the premium as a replacement to the TICK. In principle, they should work similarly. Let's see how it plays out.

London session market profile preps and journal for DAX

Brixen, Why you are still stuck to the long side. Can't you see it both today and yesterday the money are made on the short side. You are leaving so much money on the table by marrying a position emotionally. Just my humble opinion. You are a good ...

DAX Futures June 2018

Like I have said before. Dax is a heavily manipulated instrument that the market maker loves to run the daily high/low to raid the stops.

London session market profile preps and journal for DAX

It is done. Stops raided.

London session market profile preps and journal for DAX