Yesterday was a trend day. The profile was a elongated one with multiple distributions. In yesterday's mid-day briefing I have said that the market is consolidating above prior day's value, it is likely to challenge the Tuesday high some time later ...

London session market profile preps and journal for DAX

Morning debriefing This morning, DAX has traded within a well defined box that it has provided many range trading opportunities. It started the session with a drive to the upside and failure. It has turned around and found support at 75. This range ...

London session market profile preps and journal for DAX

A potential Wolfe wave short setup in DAX is setting up. I am looking at an entry at or higher than 12315.

London session market profile preps and journal for DAX

You don't have to. Just think how you trade the US overnight session. "Don't trade" is the strategy. Only the weak hands are trading in the overnight because the volume is not there. 60% of the time there is a counter auction to the overnight ...

DAX Futures June 2018

After yesterday's long liquidation, those impatient longs are washed out and, actually, there is no damage being done. DAX has traded back into the balance of last Friday. Why the last Friday's balance is so important? Because that is where the ...

London session market profile preps and journal for DAX

It is a big step forward for Eurex to become a truly global exchange. They should seriously consider buying out the ICE altogether so that we could have DAX and FTSE to trade under the same umbrella.

DAX Futures June 2018

True. They just can't ignore the Asian flow anymore. If they would like to have Bund and FDAX to compete against their US counter parts, they just have to up their game to lure in more Asian money.

DAX Futures June 2018

The slowness must be due to the London school holiday.

London session market profile preps and journal for DAX

Another slow day. The market maker is on holiday, I think. Check out where the long liquidation was targeted by the algo? Yesterday's low and daily S1.

London session market profile preps and journal for DAX

Such a slow day. The long liquidation is finally on the way. Was able to trade an easy setup in CAC.

London session market profile preps and journal for DAX

The odds for long liquidation and gap fill scenario is higher now after the rejection at 395.

London session market profile preps and journal for DAX

Yesterday was a day of balance. What usually comes after the balance is range expansion. At this moment, i still cannot say for sure which way it is going to go, but the odds are stacking on the bulls. The reasons are two folds: 1. US equity has ...

London session market profile preps and journal for DAX

A beautiful Wolfe wave short in Pound.

Market profile prep for Forex majors

Long liquidation on the way. The short term inventory was too long. An inventory adjustment is needed before the market could rally.

London session market profile preps and journal for DAX

Yesterday I was not able to trade because Monday is my papa day. By looking at yesterday's profile, the market looks quite bullish. There was a long liquidation break during the lunch time, but see where it pulled back to? Cac has bounced off from ...

London session market profile preps and journal for DAX

Closing bell comment, ES has gone into long liquidation mode again. Out of the open, we had a open test and drive which auctioned against the overnight first before taking out to the high. It had one time framing higher for the most of the session ...

London session market profile preps and journal for DAX

It is because the Euro is gaining strength today. The euro explains 30% of the variance in DAX nowadays.

Market Profile (MP) levels/targets for DAX DOW NQ

Dane, Thanks for that thread. I am fully aware that one. Dutchy Daxy is indeed a very experienced MP trader. Bin

London session market profile preps and journal for DAX

Bullish reaction after running over the POC level I have mentioned in the prior post. It has retested that level to the tick before shooting to the upside. Next week there could be a lot of upside for POund. The pound just keeps defying the gravity ...

Market profile prep for Forex majors

EURO seems to have broken the down trend line. Actually there is a low risk long at 15:00PM yesterday that i have missed. Let's monitor the development next week. I would love to take a long when it tests the high volume node at the low successfully.

Market profile prep for Forex majors