Now my M1 chart which is what I use for my Intra Day trading and the chart that I normally post here. Here we can easily see that Dax started an early rally, well before normal Futures Open at 06:00 GMT and the open of the Cash Market ( XO ) at ...

Islander and Medici trade the European open

Looking at my M15 chart I can see that yesterday's ~500 pts range (4.8%) was surprisingly large, especially when looking at the Dow & SPX ranges of ~3% and more than 110pts greater than Dax's current 5 Day ADR of 389 pts. Already this morning Dax ...

Islander and Medici trade the European open

For a change, here are a couple of my Higher Time Frame Charts... From my M60 / hourly chart we can see that the retrace rally failed yesterday to reach the important 50% retrace of the Feb 20 to Mar 19 fall - green Fibs. So far today, the pull back ...

Islander and Medici trade the European open

GM - I trust all who pass by this thread are remaining fit and well. A clear Lower High after XO gave a 195 pts fall down to S2.....a nice morning's work for the alert trader

Islander and Medici trade the European open

FYI, the current 5 day ADR is 389 pts. Today, if a similar range happens, this would put the low at ~ 10,355

DAX Futures June 2020

Part of my "start of the day" routine is to check the FF calendar first , then the overnight news, then the higher time frames.....

Islander and Medici trade the European open

I totally agree about Indicators, where data is being modified to show different graphs as in MACD, RSI, Stochastics etc. Volume - IMO - is not an indicator, just a record of the transactions taking place during a certain period of time. Likewise, ...

DAX Futures June 2020

Hi Caiuss - a good question and many answers are found in my thread with Medici, reading say the last 30 pages. The short reply, as this is Brixen's thread, is that, like he does, I look for "areas of interest" where there has already been some ...

DAX Futures June 2020

My thoughts posted elsewhere: "Today's focus is the US NFP and thus we can expect range bound trading until near that tme. As always, I start my day by reviewing the higher time frame charts of both the Dax and the US indices. Here, my M5 chart ...

DAX Futures June 2020

Today's focus is the US NFP and thus we can expect range bound trading until near that tme. As always, I start my day by reviewing the higher time frame charts of both the Dax and the US indices. Here, my M5 chart captures all of yesterday's ...

Islander and Medici trade the European open

Dax up by the stairs and down by the (fast) elevator - lift to us Europeans!

DAX Futures June 2020

Dax up by the stairs and down by the (fast) elevator

Islander and Medici trade the European open

I wouldn't say panic, but plenty of problems.Total is 94,512 infections with 8205 deaths and 19,259 cured as at 25 mins ago. Stats are: Madrid 27,509 & 3603: Catalunia 18,773 & 1,672. All other regions have less than 6,500 cases. Here in the ...

DAX Futures June 2020

Hi Brixen - I'm not surprised that your alerts were triggered - the 10:21 gmt candle was 98 pts wide hitting the 786 retrace of the earlier rally. My audio alerts went bonkers! I bought later, after the 10:39 higher low and banked some ...

DAX Futures June 2020

So its was "the early bird that caught the worm" morning with Dax up 150 pts in the first half hour before XO. Most of the move was done by XO +15 min which I consider the start of a long - in m1 terms - consolidation, so coffee and exercise time ...

Islander and Medici trade the European open

As you said earlier - #1,365 look for the area of support / resistance and take your trades. Then remember the active times that we talked about last week.... Two hours was sufficient this morning Posted elsewhere: "Use the higher Time ...

DAX Futures June 2020

Use the higher Time Frames to check which "levels" are in play and then trade during the most active periods. Walk away from your screen when in doubt

Islander and Medici trade the European open

Agreed and not only do different time frames need different values, but so do different market conditions as seen via the Average Daily Ranges as in Keltner Bands

Islander and Medici trade the European open

image Note how the first OB Band (envelope) helps show potential shorting areas

Islander and Medici trade the European open

Quote: " Let's see if Dow offers any better trading opportunities " Whenever we see a lot of wicks and tails on the M5 candles we know that its a difficult session to trade. However, one of our group went back to his screen late in the session and ...

Islander and Medici trade the European open