Hitting the Target

I awoke at my usual early time and went through my usual morning routine looking at the web to catch up on news and then looking at the overnight charts. I try and get a feel for the day to come. Bullish? Bearish? Sideways?

Once I've done that, I create a vision of the possibilities for the day's range. At the moment I'm trading four markets: DAX, Euro FX, Light Crude and ES. I mark up my charts.

Today's DAX chart shows the simplicity and effectiveness of this process. Price opened just above the VAH. I envisioned at least a test of yesterday's VAL and a possibility of lower if the VA of 09/20 was penetrated and accepted. My bar chart provides the confirmation and timing.