Indeed, potential for 200 points today...didn't quite get there.

Islander and Medici trade the European open

Here's my preferred tick chart, which is fast or slow in sync with the market. And the first trade for today...a sequence of shrinking inside bars, then breakout. 30 points in the bag.

Islander and Medici trade the European open

Same US session with 30 tick range bars covered with Heikin-Ashi candles. I think I'd prefer this to my time-based chart above.

Islander and Medici trade the European open

Absolutely, and my question wasn't posed to you but to the interested reader. And I wanted to point out possible different approaches. My way of KISS is to use the MA itself as support/resistance, and not to care too much about HL/LHs. candle ...

Islander and Medici trade the European open

Good stuff I'm all for single MA systems with bands around, but what is the optimal MA?

Islander and Medici trade the European open

Interesting! Ive got this nifty indicator that plots yesterday's High and Low (red and green) and today's Globex session high and low (in blues). Enables me to spot these levels more lazily. In this case, a pullback to a frequently visited level ...

Islander and Medici trade the European open

Finally an example to show that it's really not about the trend, but about levels. This is from the 20 December, where Nasdaq100 breaks above the 19 December high and then, after the New York lunch, that break is invalidated - resulting in the trade ...

How to read the market

And here's an example from a ranging day (Friday). Why is the first bounce off that level crossed out?

How to read the market

Good question! But no, the one thing isn't trend, simply because most days the market isn't trending. There are ranges, consolidations, etc, etc. And there isn't just one thing that you need to know but two, at least. You need to: 1. Identify levels ...

How to read the market

Sorry for butting in here, but you change the instrument and you change the timeframe, and then you expect feedback and assistance. ISn't that a bit much to ask for? Could it be that the changes you've made preclude profitability? And personal ...

Make Trading simple!

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Prop firm Strategies

Thank you, yes, makes sense. I prefer NQ in the morning for smoother action, and for tighter spreads (typically around 0.5) than DAX on a retail platform.

Islander and Medici trade the European open

GM Captain The action in NQ (my preference) very similar these days.This morning a couple of nice swings, and a final attempt that petered out. PS: the horisontal lines are EMA200@1m with envelopes around.

Islander and Medici trade the European open

100 day WVAP (red) was support on the way up, and resistance on the way down. That's still som 1200 points to the north, suggesting further upside once this consolidation between EMA400 and EMA800 on the hourly breaks....But as usual, anything may ...

Islander and Medici trade the European open

And, yes, a morning to stay away from the screens.

Islander and Medici trade the European open

The ABC pattern was as per my rules. Initial impulse down, EMAs cross, pullback to slower EMA - what more is there to ask for? I used to mix analysis and trading too, but it really isn't helping. These days I take a look at the longer term charts ...

DAX Futures June 2022

Apologies for butting in here, but your question puzzles me a bit. To me that was a simple ABCD pattern at the open (or 1-2-3 if you like) - confirmation was there already. As as to waiting for confirmation....well, that's cost me many good trades. ...

DAX Futures June 2022

My 20s for comparison. VWAP bands, and EMAs 54 and 114 with colour zone in between.

Islander and Medici trade the European open

Buying off Camarilla S4 after the cash close (vertical yellow line) last night continuing overnight. Long off EMA1400 just after 8am for a ride to Camarilla R3.

Islander and Medici trade the European open

The chart above is a 50 tick chart with the colour zone defined by EMAs 20 and 89. Then daily VWAP levels, and a 19 ATR channel around EMA1400. How your tick charts look very much depend on broker if you are trading CFDs, so some tuning michght be ...

Islander and Medici trade the European open