Take a look at this morning's trading from algo's perspective. The shake out this morning was driving below the 1 std dev band and keep attacking the 2 std band. Why? To shake the longs out by squeeze them as much as possible. After standing above ...

London session market profile preps and journal for DAX

I agree with your view, I am also bullish on Euro on a longer term framework. Just I have missed an entry this morning. I don't want to enter here when short term weakness are seen in Euro.

London session market profile preps and journal for DAX

Once again market has to go lower first before it can go higher. Why? Remove the floating supply that is making the price heavy.

London session market profile preps and journal for DAX

What DAX was doing is nothing more than driving the price to the liquidity at 765 high volume node.

London session market profile preps and journal for DAX

your profile picture. Is that tulips? Correlation should not be traded exactly. The most important thing is still the tape in DAX itself. Btw, the Euro has formed a Wolfe wave short pattern. I am considering taking a scalp short at the high. Thanks ...

London session market profile preps and journal for DAX

Yesterday the massive up more bullish drive dissolved in the thin air after the NY open. It has traded back exactly where it has started yesterday morning. It has confirmed the suspicion of many that the the drive was merely a result of short ...

London session market profile preps and journal for DAX

If DAX would trade lower then the second scenario would come into play that it could retest 12727.5 area, last Friday's VPOC, before shooting higher.

London session market profile preps and journal for DAX

SOrry for my infrequent update of my journal. Trading with two young kids is quite a big challenge, to say the least, if not impossible. Back to the market. This morning DAX has tested the prior day's POC/VPOC 12760 level by a sudden down thrust ...

London session market profile preps and journal for DAX

What a messy chart we have from the trading yesterday. The capitulation sell bar through the Tuesday low was clearly due to a big stop being triggered. Someone must lost a fortune or got himself fired by that stop loss. Market at this moment is ...

London session market profile preps and journal for DAX

Another wolfe wave pattern in DAX.

London session market profile preps and journal for DAX

Testing yesterday's POC and high volume node at 12715.

London session market profile preps and journal for DAX

Failure at 12760, VPOC of the day. It could be the turning point of the market marking the failure of the bulls.

London session market profile preps and journal for DAX

Watch the manufactured double top. It is the trick done by the market maker to attract shorts in and then take their stops.

London session market profile preps and journal for DAX

Today the market maker is playing me like a total amateur -- it held the bid for a while and then drop, held a new bid lower and then drop again. Once all the longs in the consolidation are stopped out, it starts to rip to the high.

London session market profile preps and journal for DAX

Someone is holding bid at 12760 successively in the face of multiple bear assaults.

London session market profile preps and journal for DAX

Trade into yesterday's value area. Market could bounce here if the bulls are in control. Otherwise a deep retest of 12740 VPOC is also on cards.

London session market profile preps and journal for DAX

Was not able to trade yesterday afternoon as I have to babysit. DAX has broken out of the consolidation range I have marked yesterday morning. Look at how it retested the range high after the NY open. There is a small reaccumulation range right at ...

London session market profile preps and journal for DAX

DAX is ranging between 12715 and 12670 high volume nodes. It is not going anywhere awaits more news from Italy or the US equity.

London session market profile preps and journal for DAX

So what went wrong with my CAC wolfe wave long? In fact the CAC indeed bounced from the low reaching the daily VWAP. However, this didn't happen until the market maker shook out the speculative long inventories. WHy? Because those longs are going to ...

London session market profile preps and journal for DAX

Buyer stepped in after down thrust the low of the day in DAX.

London session market profile preps and journal for DAX