NQ range bound within a box between 6580 and 6490. The yesterday's low seems to be tested and the supplies are absorbed at the low. The big up leg since the 13:00 CET is a result of the short squeeze of the traders who have shorted at the low. We ...

My Market profile trade plan

At the forefront of the tech rout, it is the FB who is leading the charge to the downside. Yesterday, after the failed attempt to trade back into last week's value area, it got rejected and was sold hard by the investors. We are going to monitor ...

My Market profile trade plan

Pound is rejected from the Monday's value low as it attempted to trade back into Monday's range after yesterday's big sell-off.

My Market profile trade plan

I was out for a tennis match. What a rout in Nasdaq after the lunch break in NY. It broke down like no other. Look at the chart. It is like end of the world capital flight. Is this really the beginning of the end of the tech sector? Finally the ...

My Market profile trade plan

The tech rout has deepened yesterday. Nasdaq has made a new lower low and is trading around the low of 6500. It does not bode well for the equity space. Though the bank stocks are still strong, the risk sentiment is not on solid ground without the ...

DAX Futures June 2018

Glad to hear that my levels are helpful for you. It has made my day!

DAX Futures June 2018

Guess where Pound has turned around after a big sell-off today? Last week's POC. Magic or manipulation?

My Market profile trade plan

Absorption appeared in NQ when it trades near yesterday's closing print. It is a sign of bullishness.

My Market profile trade plan

Brixen, Then which time frame you are trading from? My favourite is a Point Figure chart time frame, if you could call that a time frame.

DAX Futures June 2018

What else can I say. The first gap in my daily preview filled. But if you want to get a fill at 30 is quite difficult. The 30 was tested by the algo with an intention to run the stops above 25 before dropping the bids. The Market making algo is very ...

DAX Futures June 2018

Btw, one small trick to improve your entry. If you are looking at 12020 for short, put down your entry at 12025. The market making algos always put down liquidity around 5s not the 10s. Because the 10s are crowded areas. The same principle applies ...

DAX Futures June 2018

The above chart was unmarked. This one is better.

DAX Futures June 2018

Yesterday afternoon's rout has turned out to be a big shake out. The US equity has staged a V-bottom in the NY afternoon session, which signifies the return of the risk-on trade. Today the DAX, together with EUSTOXX50 and CAC, has gapped above ...

DAX Futures June 2018

Brixen, Sorry that I didn't get your question. I think you were asking whether I have other levels below 180? In fact, I don't see much support below as there is not a lot of structure below 12100. Yesterday the best part was the rejection at prior ...

DAX Futures June 2018

Good morning everyone, What a day yesterday! You don't need a market profile tool to know that yesterday was a trend day down. The type of the profile yesterday was trend day with many holes in the profile. Hence it is likely for the market to turn ...

DAX Futures June 2018

Sierra chart is not too bad. The issue I got with it is that their source code is as old as the TradeStation. They just could not make their mind to rewrite the software completely. Instead they just patch the same old code from 90s by adding new ...

DAX Futures June 2018

Handy, Actually the MT4 is not a flexible charting package, but it is very efficient, and light on memory, if you want to write a piece of simple trading algos.

DAX Futures June 2018

Jtrade, The MP is in essence a collection of 30 min bars. Your statement is partially true. But the MP package the same analysis in a much more intuitive and efficient form that new insight could arise. Imagine if you watch the collection of 30 min ...

DAX Futures June 2018

Just watch ToughTrader on the Youtube. He conducts MP analysis on ES and NQ daily. The principles are completely the same when applying on the European equities. The MP works particularly well on high volume names like ES and FESX.

DAX Futures June 2018