The bottom looks really weak that it might be a double bottom manufactured by the market maker. Note that double bottoms and tops are always run by the market maker.

London session market profile preps and journal for DAX

A market like this is quite difficult to trade as the volatility is simply off the charts. Yesterday was supposed to be a boring day as the NY and London were closed for holiday. But Frankfurt was able to bring some fireworks by themselves. The ...

London session market profile preps and journal for DAX

I feel that the tape is changing. We have seen the high of the day and the bearish rotation is coming. The operator cannot hold bid like this much longer.

London session market profile preps and journal for DAX

Guidoisot, It is very likely that DAX price is manipulated by the market maker for whatever their purpose. Option is the prime suspect. What I have seen from the tape is the up moves are very deliberate in face of strong selling pressure.

London session market profile preps and journal for DAX

Today is another day you should trade without any pre-conceived bias. Most people come into this session with a bearish bias. But the strong buyer showed up multiple times holding the bid firm. By raising the bid higher and higher, it is able to ...

London session market profile preps and journal for DAX

Triangle consolidation formation with rising held bid at the high in DAX. Is it meant to break out to retake the bullish stance?

London session market profile preps and journal for DAX

What an impressive run in DAX. It is trading at the monthly VPOC 12985. If it were to break this level decisively, then the bias would be shifted to bullish again. In my opinion, that drive was merely a short covering rally instead of genuine ...

London session market profile preps and journal for DAX

What a bullish break out! A entry at 12925 is free money. Too bad that I was out too early.

London session market profile preps and journal for DAX

Bid dropping but not leaving. Sign of strength shifting to the bear side. But it is not yet full out bearish. Ready to change sides.

London session market profile preps and journal for DAX

A strong hand is buying up the market. He is saying trade on the long side by following my lead. I am going to take out my longs if the strong buyers are gone.

London session market profile preps and journal for DAX

The cash session VWAP is holding for now. See what the market maker is going to do from here. Plenty of supply present above 12935 resistance level that I have identified.

London session market profile preps and journal for DAX

I think very few people are going to argue about the fact that DAX has changed its character after the big long liquidation bar occurred in the first hour of last Wed's London session. Yesterday's break has confirmed the range between 12935 to 13000 ...

London session market profile preps and journal for DAX

Daily report card of 24-05-2018 Today is a perfect day of practicing what I have learned from Mike Bellafiore of SMB capital. What a good trading is to identify a strong stock and build position when you see strong held bid. If the bids are rising ...

London session market profile preps and journal for DAX

Strong held bid appeared at 12985 just above the VPOC of the day. It is bullish.

London session market profile preps and journal for DAX

The series of higher lows are broken for the first time. If it breaks 12983.5 level, it has confirmed a bearish rotation. From then on, short all the rallies after seeing strong held offers.

London session market profile preps and journal for DAX

Market has encountered some resistance at 12990 the level I have mention in the morning prep. After two corrective down legs, it is ready to move higher now, looks like.

London session market profile preps and journal for DAX

Yesterday's massive long liquidation order has triggered a bout of panic selling (or profit taking). As a result, DAX has traded back to the consolidation range of early last week before break out. The crash of yesterday might appear to be bearish, ...

London session market profile preps and journal for DAX

CAC has reacted from the Wolfe wave long setup. It has bounced from the third down swing point. Very typical for CAC.

London session market profile preps and journal for DAX

The algo is drawn to the 12962.5, the prior swing low in H1 chart. What is it looking for? The stop orders behind that level. No swing trader allowed to be profitable.

London session market profile preps and journal for DAX

This new low is manufactured by the algo that it is targeting the stop orders below the prior low. After making the new low, the buy program is immediately triggered below the prior low.

London session market profile preps and journal for DAX