Breakout +/- 20 of the US close

This is a discussion on Breakout +/- 20 of the US close within the Trading Delta Cycles forums, part of the Specialists' Corner category; I have added one or two zones, important to the traded instrument. For DAX I have added Frankfurt close and ...

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Old Mar 3, 2016, 12:17pm   #25
2be
 
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2be started this thread I have added one or two zones, important to the traded instrument.

For DAX I have added Frankfurt close and London open, with just a dotted line with the description label, but without the +/- lines like with the US close.

This for DAX indicated the possible gap between the last close of Frankfurt session and the current PA, important around the Frankfurt or London open.

Similarly one can do it to FTSE by marking the close of the London session.

I still treat the close of the us session as very important zone.

I also take into account the ITD/MTD counts, and trade with more conviction into their direction.

Added content in the evening:

I have added some charts so one can compare the charts
1st chart from the left M5 taken in the morning (DAX)
2nd chart from the left M5 taken in the evening (DAX)
3rd chart from the left M1 taken in the evening (DAX)

Please look at the divergence (M5)
The first sizeable move on M1 after the London Open

Shaded area is the consolidation zone set on 40 pips within 21 M15 bars

It has not been a high volatility day, really boring, but trades were there to be taken.
Attached Thumbnails
dax-m5-2016-03-03_110646.png   dax-m5-04-2016-03-03_185154.png   dax-m1-04-2016-03-03_185223.png  


Last edited by 2be; Mar 3, 2016 at 9:14pm.
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Thanks! The following members like this post: swissy
Old Mar 7, 2016, 12:44pm   #26
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2be started this thread Breakout on DAX

First breakout trade this week in the direction of the next ITD L on Delta count.

One can see an attempt to close the gap on DAX, London open provided a failure of that H marked by the yellow 3, Fibs from that first move provided an initial 1 to 1 harmonic moves, and the PT was hit at EXT 200, this trade was worth 100 pips in under two hours. EXT 224 in next on cards if this move continues, but I am out for a time being.
Not bad for Monday.

Highlighted area is a consolidation box set to 40 pips on DAX and 60 pips on DOW (due to volatility).

I am still careful just in case there is a spike up, later on today.
Time to have a break.
Attached Thumbnails
dax-m5-2016-03-07_113136.png  

Last edited by 2be; Mar 7, 2016 at 1:07pm.
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