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BinChenUt replied Apr 18, 2018Look at the precise reaction at the last week's POC in Pound. Who said the Forex are fair and not manipulated?
Market profile prep for Forex majors
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BinChenUt replied Apr 18, 2018Yes, sure. I am trading actively in and out on both side. Basically follow the algo. Though, admittingly, I have missed a lot of trades to be honest due to sleep deprivation. Got to leave now, I have to go picking my baby. Come back to trading ...
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018Piquant, i think today's market is a perfect study example of Market maker manipulation that the DAX is not random at all. If you follow my thread, you can see that I was spot on the open test drive and failure scenario. Just study the market ...
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018Long inventory is built below 12580. I have forgotten that the algo loves 5s. The real long inventory is built at 12575. You should starting building your long inventory together with the algo.
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018580 liquidity pool behind the double bottom touched. Look at the absorption at the low by the market maker. They are happy now taking away their 6 million pnl of the day.
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018580 touched. Look at the absorption at the low by the market maker. They are happy now taking away their 6 million pnl of the day.
DAX Futures June 2018
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BinChenUt replied Apr 18, 2018The market maker has loaded with a whole bunch of stop buy orders at the top after stopping out the bears. They have to auction the market down to balance their overly short inventory. This is a typical market maker game in DAX.
DAX Futures June 2018
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BinChenUt replied Apr 18, 2018Brixen, The market maker is doing seek and destroy at this moment It is targeting the stop orders behind the 580 double bottom. Beware.
DAX Futures June 2018
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BinChenUt replied Apr 18, 2018I don't believe we have bottomed out yet. I can't imagine the market maker to leave those double bottom untapped. Too many candies down there.
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018This is the failure I am talking about. After the stop orders are probed. It is time for the Market maker to bring the price lower to liquidate their shorts.
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018That is the failure I am talking about. After the stop orders are probed. It is time for the Market maker to bring the price lower to liquidate their shorts.
Market profile prep for Forex majors
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BinChenUt replied Apr 18, 2018POund was sold down hard. I am looking at the POC of last week for some reaction.
Market profile prep for Forex majors
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BinChenUt replied Apr 18, 2018Seek and destroy. The market maker has targeted the 12650 swing level to run a couple more stops.
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018Good morning jtrade, It is such a nice and sunny day in NL. Enjoy your golf! Btw, which club you are playing in?
DAX Futures June 2018
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BinChenUt replied Apr 18, 2018Half hour later, DAX has not been able to trade significantly higher. The Delta is also gone flat which is saying that there is very little conviction or participation from the day time frame trader to trade the price higher. I am looking at VPOC of ...
London session market profile preps and journal for DAX
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BinChenUt replied Apr 18, 2018Yesterday's bullish reaction in DAX was a significant development in the longer term price structure. I would like to call your attention to this daily chart with yearly TPOs. Yesterday's big bull bar has pierced through the VAH of the yearly ...
London session market profile preps and journal for DAX
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BinChenUt replied Apr 17, 2018Impressive! You are getting better and better at this game.
DAX Futures June 2018
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BinChenUt replied Apr 17, 2018I really appreciate the thought provoking question you have posted. This is what I am looking for to join a trading forum. But I have also sensed that you are quite frustrated about trading DAX because you are speaking of a lot of negativity. This ...
London session market profile preps and journal for DAX
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BinChenUt replied Apr 17, 2018I agree with you that call the market in the guise of directional bias could be an egoistic thing and ego is bad for trading. Yes there are a couple of instances when the directional bias was wrong or changed causing big draw down just like Friday. ...
London session market profile preps and journal for DAX
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BinChenUt replied Apr 17, 2018Patience and big picture view are the most crucial skill. In the due course, just let go of those secondary setups and wait for the truly good one.
London session market profile preps and journal for DAX