ES DAX 23/10/14

Price retracing 60%+ of drop but dropped 10 into the close. PMI data from Germany and Eurozone in the morning. Reference points: If lower than 1925 then expect 1915 (intraday poc on tuesday – small support)/1900 (monday closing gap better support). If higher then 39/42 (todays reference) – 60/63 (fomc failure hvn) Someone asked me…

ES / DAX long term

Developing value and HVN areas ES sliced through the “thin zone” 1880-1925 – stopped at 1939 HVN of [Tue 09/30- Fri 10/10] balance from prior to FOMC rally. The next area above is 1963. DAX had a similar pattern where the market trapped shorts on the large volume down day [10/15-10/16]. The bulk of the…

chart update 17/10/2014

This is the template I posted yesterday: Short term developing value moved from 1850 – 1874 (ONPOC). DAX squeezed shorts and did not stick at the highs (like ES yesterday). It seems to have trapped some buyers there this morning. It broke the 8715 level to the downside (at OPEX) – ES followed on all…

ES 14/10/14

Posting charts here as Twitter compresses them and I lose the ability to read the numbers when I want to see them quickly. Here are the levels from twitter: Todays IB marked same colour as that zone: Stopped short of the nVpoc and Yesterdays IBL, breakdown area. Watching for signs of capitulation. A green day…

FOMC recurring pattern (again)

A very smart trader once said “I don’t care where the market is going tomorrow, I only care about today”. I like the market trading in this area. Volume profile really nice when the market has traversed a few times in the same area. You only have to look back a few days/weeks and don’t…