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Vpoc

Dax daily: 17 Jun 2020Yesterday's session started well in line with the auction market theory. The price first dropped to retest our support at 12 151 and bounced back up to continue higher, even above the open. Buyers lost momentum mid-day and Dax dropped sharply to retest the same support once again. The session then closed nearly break even. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis We'll disappoint all traders who expect a clear direction analysis today. The price hasn't eventually gone anywhere yesterday and is currently in the middle of two important S/R zones. We don't have any indications or signals about the direction, yet we incline more to the bullish side. The retest of 12 494 is expected in the short to the mid-term horizon. Contrary, should 12 151 be broken to the downside, space opens for more sell-offs.
EUREX:FDAX1!
by FTMO
Dax daily: 15 Jun 2020The only thing certain on Friday were our S/R zones. Have a look at how our resistance at 12 151 functioned perfectly. Dax went to retest this level also as it was the VPOC of previous session and the price exemplarily bounced away to offer enough opportunities for profitable trades. Besides this, the session hasn't really presented us with any more interesting trading opportunities. Important zones Resistance: 11 734 Support: 11 412 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases NIL Today's session hypothesis For today, we cannot use our Statistical application as the weekend gap is beyond standards. The gap being sized 393 points has minimum historical prints. Yes, Dax truly surprised us when this week opened with a huge descending gap below the 11 734 S/R zone. The retest and closure of the gap in today's session are the least probable. Taking this situation into account, further descend towards 11 412 is more likely or might also see consolidation around 11 734.
EUREX:FDAX1!
by FTMO
Dax daily: 10 Jun 2020A couple of times already, we mentioned that a correction is inevitable. That's exactly what we saw yesterday and our uptrend continuation bias along with the statistical probability of breaking previous day's High hadn't happened. Dax reacted with the sell-off right after the open and in correlation with the risk-off sentiment across the board. The downfall was held by the support level at 12 494 and the price was just slowly correcting its fall for the rest of the day. Important zones Resistance: 12 882 Support: 12 592, 12 494 Statistics for today Detailed statistics in the Statistical Application Macroeconomic releases 20:00 CEST - Fed Rate + FOMC Statement 20:30 CEST - FOMC Press Conference Today's session hypothesis Yesterday's drop was caused by the risk-off sentiment and profit-taking after long runs of global Indices. It was commodity currencies and Indices that were weakening, while the safe-haven currencies gained considerably. Overnight, Dax slightly corrected its drop as the ascending gap gives us a signal to retest previous days' VPOC. The price is in the middle of the range between the support of 12 494 and the resistance of 12 882 and we now need to monitor the price action impulses to further establish directional bias. However, we incline to buyer's favour in the short-term horizon.
EUREX:FDAX1!
by FTMO
Dax daily: 09 Jun 2020Yesterday's price action has, again, brought great profiting opportunities and Dax added another day to its bullish uptrend, even though the daily range was relatively standard. Right with the open of the European session, the price retested VPOC from Friday and continued consistently towards our resistance of 12 882 where it exemplarily bounced back lower and we were presented with another long entry opportunity on the pullback, below Friday's fair value. Dax eventually broke the resistance and closed at it's high at 12 934. Important zones Resistance: 13 119 Support: 12 592, 12 882 Statistics for today Detailed statistics in the Statistical Application The statistical probability of yesterday's High breakout is 90% Macroeconomic releases NIL Today's session hypothesis Dax has opened the day in the near vicinity of the 12 882 S/R zone. We see good chances right at the beginning of the session, especially for closing the gap towards yesterday's close and also retesting this value with the probable scenario of bullish continuation. The Statistical application also favours this thesis as the indication is for a 90% probability of yesterday's High breakout. We don't have any fundamental releases scheduled for the day hence we stick with our hypothesis uptrend continuation, best on pullbacks until we see some clear signs of a correction.
EUREX:FDAX1!
by FTMO
Feb 23 Session Profile | /ES S&P 500 E-Mini FuturesDescription: Things I'm thinking about tonight. Points of Interest: Massive gap, trendline break, location between 20 and 50 moving averages on daily chart (), untested POCs. Technical: Poor structure (untested POCs) beneath Sunday's overnight. We had a week of balancing and Friday left a poor low. Fundamental: Fed really supportive; manufacturing business outlook has risen to highest levels; housing market hot as home building permits rise; debt levels declining; world supply chains at risk due to this virus thing; global yields have generated massive inflows into passive vehicles that are heavily weighted towards a few stocks; insane speculation in the derivatives market (call side especially). We can go on. There is good and bad. In The News: Historically, "Epidemics normally have a severe but relatively short-lived impact on economic activity, with the impact on manufacturing and consumption measured in weeks or at worst a few months." (www.reuters.com) "Despite historically low interest rates, U.S. companies are being unusually frugal, holding back on issuing new debt and pumping up their balance sheets with cash. Why it matters: Historically, when interest rates are low and the economy is strong, companies have levered up to increase capital expenditures and buy assets in order to expand. The opposite is happening now." (www.axios.com) "So add low interest rates to suppressed inflation (temporarily) coupled with slowing worldwide growth, and we get a powerful upward force for stock prices. Our upside target for the S&P 500 Index is now 3600 or higher." (www.cumber.com) "A survey of small- and medium-sized Chinese companies conducted this month showed that a third of respondents only had enough cash to cover fixed expenses for a month, with another third running out within two months. While China’s government has cut interest rates, ordered banks to boost lending and loosened criteria for companies to restart operations, many of the nation’s private businesses say they’ve been unable to access the funding they need to meet upcoming deadlines for debt and salary payments. Without more financial support or a sudden rebound in China’s economy, some may have to shut for good." (www.bloomberg.com) "The White House is reportedly preparing to ask Congress for emergency funds to help the administration fight the outbreak of the coronavirus, which has infected almost 80,000 people around the world and accounted for more than 2,000 deaths." (thehill.com) "The government of Hubei Province, the epicenter of the coronavirus outbreak, said Thursday it will extend its business shutdown for a third time, this time to March 10, more than a month and a half after the Lunar New Year holiday was slated to end." (asia.nikkei.com) "'The LEI’s six-month growth rate has returned to positive territory, suggesting that the current economic expansion — at about 2 percent — will continue through early 2020,' Ataman Ozyildirim, senior director of economic research at the Conference Board, said in a statement." (www.axios.com) How I'm Playing This: I'm capitalizing on this high IV environment and will look to the call side on strong days, put side on weak days. Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
CME_MINI:ES1!
by Physik
intermediate short term support at vpocLook for a break under this line to short or confirmation of strong support. A break would be accompanied most likely with strong volume as the line shows the volume point of control (vpoc) area found with big volumes circled below. Looking bearish and long term graph still overextended after The insane rally bringing it to 440 level. Scalpers could make good short term buys and sells in this area as it will be heavily contested.
NYSE:BA
by MysteriousPersian
BITCOIN NOT QUITE THERE YET! (CRUCIAL VOLUME LEVEL)Hey Traders, As you can see Bitcoin did not quite break 12k today. A possible reason for this is because the 2nd largest amount of volume in Bitcoin was traded at 11.6K according to the Volume Profile. It is going to be hard to breakout of this level and we will need additional bull volume. On a positive note, I don't expect bitcoin to go much lower unless market sentiment turns bearish. I'm predicting a lull phase around the 10K-11.7K level for a few days while building consolidation. If bitcoin does break 12K expect a quick runup to $13,630 due to the thinner volume traded between bitcoin 12K and 13K. Know your investment strategy, plan your entry and exit, and safe trading! Best, Ryan
BITFINEX:BTCUSDLong
by ryan_hildreth
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