Stopped. But it is merely part of the plan.

London session market profile preps and journal for DAX

A short term counter trend trade in CAC after seeing this Wolfe wave pattern at the low.

London session market profile preps and journal for DAX

Here we go.

London session market profile preps and journal for DAX

715 is the battle zone between the bulls are bears. Strong seller appeared at that level.

London session market profile preps and journal for DAX

In this 240 min chart, we can see that DAX has bounced off the POC of last month, 12582, to the tick during yesterday's nightly session. Hence the bounce is also technical.

London session market profile preps and journal for DAX

DAX has tested the VAH to the tick. It is a sign of the buying are purely mechanical buying done by the market maker and short term traders. Not the long term fund money.

London session market profile preps and journal for DAX

A break down. Short term top in DAX.

London session market profile preps and journal for DAX

A continuation triangle formation in DAX?

London session market profile preps and journal for DAX

DAX has opened in yesterday's value after the trap low and reverse in the afternoon of US session. Anyone who has shorted below yesterday's value are in deep trouble. This should be used as fire to grind towards first the VAH and then the high of ...

London session market profile preps and journal for DAX

Today the theme is about short squeeze. See how methodical the longs are carrying out their assault.

London session market profile preps and journal for DAX

A strong held bid appeared in the gap filling down bar. Sign of strength (SoS) appeared. When SoS appears, it appears in the down bar.

London session market profile preps and journal for DAX

I have had a sucker short in CAC at the second peak. It is a terrible way to end the morning of my birth day. However, market maker loves to attract in suckers, like me, to short into the double top. They wait and wait until they got enough suckers ...

London session market profile preps and journal for DAX

Watch the game played by the market maker around the VWAP. VWAP is the level that is watched by many. Hence the MM loves to make a weak posture to attract people to short at the VWAP. What followed is an upthrust running the stops above that level ...

London session market profile preps and journal for DAX

Bullish rotation. Believe it or not. The market maker is creating a buying tail from the 30 min chart by doing the last leg of down thrust, or shake out. This washed out the weak long speculative inventory removing future floating supply. Usually a ...

London session market profile preps and journal for DAX

Held bid at 12665. Sign of strength. When strength appear, it appears in the down bar.

London session market profile preps and journal for DAX

Break. The sellers are retreating. Bullish rotation for now until 690.

London session market profile preps and journal for DAX

12670 battle zone. Above bullish, below...

London session market profile preps and journal for DAX

when DAX in free fall, it is time to watch the longer term chart. The prior band of resistance at 12650 could act as a support now. But don't buy into the level blindly. Always seek confirmation from the tape. Let the tape talk to you.

London session market profile preps and journal for DAX

When weakness appear, it appears at the high. See the held offer at the top of the short squeeze bar.

London session market profile preps and journal for DAX

Double bottom was run.

London session market profile preps and journal for DAX