Widowmaker?

The DAX used to be my nemesis many years ago. I traded other markets that supported my DAX habit. It was not a cheap habit. But I persevered and the DAX became my bread and butter.

If you look at today's pic you can see how wonderfully it behaves with the MarketProfile. Of course you have to get the split done to see where the real support and resistance is. There are 3 S & R areas that the price tested so far on the chart.  I had the price near the high of the day so far marked on my chart as a selling point as soon as the market opened. The VAH of yesterday's split distribution was a buy point the first time. As price was accepted in the VA, the POC became a target.

ALL these areas had to be qualified by order flow and additional  when price was there.

Contex, Context, Context

Since starting this blog in 2009, I've been emphasizing and emphasizing that context was king. Context is even more important, if that is possible, when using the latest technologies to identify order flow. Identifying what "they" are doing depends on context. Is the order flow responsive or initiating? BIG difference. The difference between a profitable trade and a losing one.

Today's DAX is a great example. You can see on the Profile that price started going up the zipper. The order flow bars showed buying and selling but it was the BUYING that was where the power was as you could see not only from the price action and trade deltas but from the context of the Profile and the other context tools that you can see on the bar chart.

The eBook is going well. Part 1 will be available FREE on Amazon once it is ready. However, Amazon does not support embedded videos on self published books so Part 1 will have static pictures rather than the videos that you will see in Part 2. Part 1 is a complete overview of what I am doing now and how I do it. Experienced traders will be able to use the information in Part 1 to evolve their trading methods and styles to incorporate many of the things I do if they think it fits them.