The situation is too fluid at this moment. All the scenario can only serve as a reference to guide your intraday trading. I don't hold trades above scalping time frame, which is to say my time frame is no more than 5 mins.

London session market profile preps and journal for DAX

Yesterday's short squeeze was absolutely impressive to see. Basically the morning dip was engineered deliberately to squeeze out the last bit of weak longs and attracted unsuspected late short sellers to sell into the trap. Their stops are used by ...

London session market profile preps and journal for DAX

Thank you for that! Regarding to the Euro, sorry for the late reply, btw. I was baby sitting again today. Euro chart does not look pretty. I think the double bottom is merely to attract retails to believe that the bottom is solid. The institutions ...

London session market profile preps and journal for DAX

What a great chart you have now. I like the VWAp std dev band you have in your chart.

London session market profile preps and journal for DAX

6E is much bullish by looking at the TPO chart. But after two days of overlapping higher Value Areas, there is a technical demand of deeper correction to shake off the weak long holdings.

London session market profile preps and journal for DAX

6B: Last Friday's POC are well protected capping pirce below. After two days of failed attempt to break that level, technically there is a demand for Pound to look below Monday's low and fill some gaps left on last Thursday's trading.

London session market profile preps and journal for DAX

Support appeared from 12380. But I would reckon it could go a bit lower to 12275, which is the 61.8 retracement of the whole bounce.

London session market profile preps and journal for DAX

Some strength appeared.

London session market profile preps and journal for DAX

It is highly likely that we are going to trade though the low volume area from 12300 to 12270 very quickly. The buyers failed to break the top and we are heading for a wash out.

London session market profile preps and journal for DAX

Consolidation through time. First half hour value is placed at 12310. Up bullish, below bearish. If break below, would have to go lower to find buyer.

London session market profile preps and journal for DAX

Too much selling at the daily pivot 12340. Pulling back lower to build energy.

London session market profile preps and journal for DAX

The Euro setup has been working out as we expected. It is reasonable to expect some pullback before shooting higher if the Euro bulls would allow. The DAX might be quite broken on the long term chart, but it has shown sign of strength that it is ...

London session market profile preps and journal for DAX

Absolutely agree! But the Ronda guy should just be banned.

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

2. GBPUSD: The Pound has a similar structure to that of Euro. The only difference is that the stop run has been much deeper and it has tested last year's POC. It has snapped the multi-day losing streak in such a ferocity that all the short sellers ...

London session market profile preps and journal for DAX

Weekend prep and trade plan for the next week: General guidance: As a matter of fact of my time constraints, I will trade much less in the active intraday style in DAX. Instead, i am going to focus more on trading swing setups in the currencies and ...

London session market profile preps and journal for DAX

Support from 12495. It is a good break out.

London session market profile preps and journal for DAX

Can't take out 12520. It might have to back test 12480 first.

London session market profile preps and journal for DAX

From this 240min chart with monthly TPOs, it is really clear that the DAX had its double top formation in place and confirmed by yesterday's decisive break of the neckline at 12523. There are two scenarios from this point on, 1. race to 12300 low ...

London session market profile preps and journal for DAX

DAx yesterday has failed to capture 12750. And the longs liquidated position before the NY session. Hence the NY session was just a side way's drift and a test of 12650. So far today DAX had a failed attempt at breaking 12700. The path of least ...

London session market profile preps and journal for DAX

The theme of yesterday was testing supply at 12580 below the prior support 12600. After several tests attracting less and less supply, the market maker decided it is time to turn it around. After that the consolidation above 12580 ensued and value ...

London session market profile preps and journal for DAX