In the meantime, there is a Wolfe wave entry in CAC from the point 5 at 5105 in play.

London session market profile preps and journal for DAX

Day timeframe traders are too long. Market would have to go lower to correct that overly long inventory before it could go higher. I am seeing 11890 for the downside target.

London session market profile preps and journal for DAX

Finally is the FF back in function. Too late to post the morning prep. But DAX has just reacted from last Wed's naked POC. It could mark the low of the London session.

London session market profile preps and journal for DAX

Good to see you back in action.

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

Euro breaking down on the way. Only shorted a small position which has hit target already. Keep looking for sell in the coming days.

Market profile prep for Forex majors

Only the first scalp target. No more. The rest are stopped out.

Plan the Trade

The market is too weak to have a fully stretched bullish swing. Divergence, May I ask what chart you have? Is that tick chart ?

Plan the Trade

Dow Testing Last wednesday's naked POC. Nice response so far. First target scaled off. Second third portion locked in.

Plan the Trade

Looks like a Wolfe wave pattern at the low.

Plan the Trade

Zooming from monthly to weekly perspective. The first three weeks of March had successive lower value areas. This is bearish on the one hand. On the other hand, it can be interpreted as building energy to break to the high. The break occurred after ...

Market profile prep for Forex majors

Looking back the first quarter, Euro had a trend-pause-and-trend profile in Jan. The month Feb has opened in the value traded solely in the value. This has resulted in a neutral profile with a bearish tilt. The bearish tilt is because of the selling ...

Market profile prep for Forex majors

An example on how to read the Market profile chart This is the DAX’s profile chart over last week’s trading. As you can see the Thursday is a semi-balanced day with a bullish tilt. Why? Because of the buying tail at the low and the value being ...

London session market profile preps and journal for DAX

Good point. I got over confident hence didn't wait for a signal before putting down trades.

My Market profile trade plan

Thank you for the suggestion, Divergence. I have NYSE TICK chart on my screen. Also the TRIN index. NOrmally, I would watch the NYSE TICK to trade when there is divergence in the TICK and the price. But yesterday I was so confident that I have just ...

My Market profile trade plan

You are absolutely right. The opening swing in NQ could be quite nasty. I have learned an expensive lesson here, both monetarily and emotionally.

My Market profile trade plan

You are right. Learn the lesson and trust that it would be alright over time.

My Market profile trade plan

Good job Kette! I really suck in trading. I was trading the open trying to buy NQ into the down move. But all my positions are stopped out, now I am feeling like an idiot with no opportunity to recoup my loss anyway today. I have to just stop myself ...

My Market profile trade plan

Out of the open, it auctioned straight down running over all the technical levels to correct the overnight inventory which is 100% long. After the overnight longs are stopped out, it has started advances leaving the weak longs behind. In contrast, ...

My Market profile trade plan