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Daily TPO homework for DAX and NQ
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Daily TPO homework for DAX and NQ

  #21 (permalink)
Market Wizard
UTRECHT/The Netherlands
 
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shrekchenbin View Post
Break out of the accumulation range confirmed.
Embrace for retest.

Failed test. It kept going lower.

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  #22 (permalink)
Market Wizard
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A bounce from a naked POC

DAX has bounced from the naked POC from last Wed to the tick.
So far, it has delivered two targets. Let's see how far it can go to the upside.
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  #23 (permalink)
Market Wizard
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Biggest volume delta appeared at the low.
It could be a sign of the reversal.
Brace for retest.
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  #24 (permalink)
Market Wizard
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Morning debriefing

The theme of this morning is long liquidation.
As the bulls are holding dax within prior day's value out of the open, but it was quickly rejected from the VPOC of last Thursday, which coincides with the VAH of last weekly TPO. This suggests exit-running by the Higher time frame player.
DAX has subsequently traded back into last week's value area and found support at Wed's naked POC, which suggests it is merely a old money liquidation trade, not all out panic for the higher time frame trader as the fund mangers were long from last Wed are still making money.

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The best trades of this morning are the fade at 12130 and long from 11915.
Both trades are an embodiment of the B.A.D. trading principle.
B(ias) -- trade with the bias derived from the higher time frame charts, i.e. session TPO and weekly TPO charts;
A(rea) -- trade location identified in the higher time frame TPO charts;
D(ivergence) -- cum. delta divergence in the fast tick chart.

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  #25 (permalink)
Market Wizard
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prep for NQ

NQ has build value below last week's range. As we speak now, it is trading above yesterday's value.
I would expect a test of prior day's value high for a confirmation that we are ready to move higher.
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  #26 (permalink)
Market Wizard
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Some initial reaction from the prior day's value high, but no buy order following through.
The sellers are instead piling in. See the cum.
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  #27 (permalink)
Market Wizard
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Dow filling in TPO holes

Dow has repaired yesterday's chart by filling in the holes in yesterday's TPO profile.
After filling in the holes, it is ready to turn to the upside.
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  #28 (permalink)
Market Wizard
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Afternoon debriefing

Today the US equity indices has staged a open-test-and-drive opening swing.
The drive was reasonably strong without much counter rotation, hence I didn't have a lot of trades.
The best trade is the long from naked POC in ES. The NQ has run through all the levels in the test leg as usual.
So buying from NQ can not be executed effortlessly as in ES and Dow.
With the level of volatility in NQ at this moment, I am going to cut back my activity in NQ, especially in the first hour after the open.
Notice that NQ has retested the prior day's POC and held to the tick in the pullback leg. This is saying that it is not that the NQ disrespect those TPO levels, it just not going to obey those levels during the opening swing.

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  #29 (permalink)
Trading for Fun
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shrekchenbin View Post
The theme of this morning is long liquidation.
As the bulls are holding dax within prior day's value out of the open, but it was quickly rejected from the VPOC of last Thursday, which coincides with the VAH of last weekly TPO. This suggests exit-running by the Higher time frame player.
DAX has subsequently traded back into last week's value area and found support at Wed's naked POC, which suggests it is merely a old money liquidation trade, not all out panic for the higher time frame trader as the fund mangers were long from last Wed are still making money.

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The best trades of this morning are the fade at 12130 and long from 11915.
Both trades are an embodiment of the B.A.D. trading principle.
B(ias) -- trade with the bias derived from the higher time frame charts, i.e. session TPO and weekly TPO charts;
A(rea) -- trade location identified in the higher time frame TPO charts;
D(ivergence) -- cum. delta divergence in the fast tick chart.

Hello shrekchenbin,

I'm really interested in your technique on the dax future. I'm not an expert trader ( maybe I miss something here and there ) but can you please explane how do you find the Bias using the higher time frames? I mean: How many days do you look behind and what time frames do you use?
Dax is really a beast in term of volatility and find bias and TPO is something that I want to learn in a consistent way because in the past I made so many errors with following wrong entries.

About DAX volatility: Have you seen again this evening what a movement around 21:00 (today 4/3 european time) ?

Thanks in advance!

David

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  #30 (permalink)
Market Wizard
UTRECHT/The Netherlands
 
Trading Experience: Intermediate
Platform: Ninjatrader
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Posts: 545 since Dec 2016
Thanks: 5 given, 223 received
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Morning prep for DAX 04-04-2018


Dax has been trading between two distributions yesterday with a slight bullish tilt.
Today it is opening within prior day's value, which suggests low conviction and caution.
There I don't expect a run away bull market today so long as we don't trade above and stand firm above yesterday's Value Area high standing at 12051.

As we speak now, it is testing yesterday's VPOC which is the first major support for the day timeframe trader. Below that the VAL is the second line in the sand. If broke, we would see a bigger long liquidation.

Some key levels are:
VAH = 12051
VAL = 11968.5
VPOC = 12002.5
POC = 12027
Naked VPOC last Wed = 11890.

The last one would come in play if we broke yesterday's low.

So let's recap the plan. Since we are open in the value, we are watching the VAH and VAL for some initial response. The break of the either one of these two are going to give us directional
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