wbemsms, I am using RanchoDinero as my charting package.

London session market profile preps and journal for DAX

Well the range is broken....

London session market profile preps and journal for DAX

Consolidation of 1 full hour making Dax on a relatively firm footing. No more bearish bias for now.

London session market profile preps and journal for DAX

DAX has just broken its one time framing. It is the the start of bear rotation.

London session market profile preps and journal for DAX

Could be but usually the real directional bias can only been seen after the NY opens. I am sitting on my hands and watching some option positions and setups.

London session market profile preps and journal for DAX

Thanks for the great article. I have been using this method for quite a while now (nearly 2 months to be honest). I have never taken time to thank you for sharing it. Now it is finally the time for me to show my gratitude. Thanks a lot!

Wolfe Waves - Get in the Zone

I have spent some time today to add bund into my trading panel. See what it has done today. It has bounced off from this week's POC nearly to the tick. Watch the bounce yesterday at the low from the POC of two week's ago. You see that the TPO is ...

London session market profile preps and journal for DAX

Wolfe wave is not meant to provide the great turning point of the trend. It sometimes does, but it gives you the short squeeze spikes and profit with market makers on a frequent basis. So you can see it as an advanced scalping tool. I have captured ...

London session market profile preps and journal for DAX

The rule sets are useful, but nothing replaces a good charting package and a lot of practice. I suggest you use non time based the charts like renko, range bar, PnF chart to identify the three consecutive peaks or bottoms. With time based charts, it ...

London session market profile preps and journal for DAX

The Wolfe wave is a classical short squeeze pattern. See where the market maker has targeted after breaking out of the wolfe wave? The stops above the initiation point of the down move.

London session market profile preps and journal for DAX

If you were wondering what the openning drive that was coming from. That is from the Wolfe wave which is extremely effective in DAX, NQ, and Dow. Once you know how to identify them, your trading would be miles different that what was.

London session market profile preps and journal for DAX

At this moment DAX is trade at the 3 std dev of the weekly VWAP band. It is clearly over sold. We are anticipating some snap back to the weekly value even get above the weekly value before initiating selling.

London session market profile preps and journal for DAX

Pretty much since the Italy non-sense, the Ny session is actually much more directional with a clear intention wanting to break the DAX down. Hence the cash session TPOs are quite useless these days. Instead I am relying on the ETH chart for setup. ...

London session market profile preps and journal for DAX

50 achieved, 35 is the next.

London session market profile preps and journal for DAX

In the dax typical style, first it runs the stop above the range top 85 and absorb those stop orders before letting the price drop to the down side.

London session market profile preps and journal for DAX

Bulls just can't stand back above the VWAP. It is bearish.

London session market profile preps and journal for DAX

A bearish pattern waiting for the break.

London session market profile preps and journal for DAX

Watch your back! The market maker has your stops in mind. Watch the 850 level might be in the cross hair of the algos in the case of deep stop run before going higher.

London session market profile preps and journal for DAX

If you don't fancy the vicious stop run price action in DAX, then you can try your luck in CAC, which is much more mild and technical. See it pulled back exactly to the session VWAP before shooting higher for another leg while DAX was doing a deep ...

London session market profile preps and journal for DAX

The long liquidation yesterday after the NY open was quite scary for some. After it took out the prior day's low, it seems that DAX is going to be sold out hard again. Many people including some of the big funds and prop traders hit the panic button ...

London session market profile preps and journal for DAX