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UTRECHT/The Netherlands
Posts: 644 since Dec 2016
Thanks Given: 8
Thanks Received: 274
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FDAX is as difficult to trade as in every other NY session.
Price has lifted substantially in just a few minutes and finally find reaction from 161.8 extension.
The operator has upthrusted the initial top after the sellers moved in at 127.2. The upthrust has hence formed a divergence in the volume strength meter.
When trading against such a strong move, the only reliable strategy is to trade the divergence in the strength of the pushing volume. I am not able to consistently pick the final reversal by reading either the volume profile or footprint chart.
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