DAX LONG
We didn’t get the chance yesterday. We came very close to a bullish setup, which is why I published the idea, but then the whole thing collapsed. However, there was no opportunity for a proper short either, according to our system.
Today, we’re revisiting Germany’s leading stock index, as it seems the stars are finally aligning. An hourly sellside level was taken out, which is enough for us to establish a foundation. The 30m -FVG within the excessive 30m counter-swing has been reversed, so we’re no longer concerned about opposing pressure. The first 6m +OB has already been mitigated, and the second one — located above the 30m +IFVG — can serve as our variable 2. As a bonus, we’ve got a retest of the 30m +IFVG as well.
As soon as we see a flip in the order flow on the 2m timeframe and the first confirmed buyside delivery above the 6m +OB, all three of our timeframes will be in alignment. At that point, we can enter a long position, aiming to take partials at the liquidity pools marked with the blue lines, with the ultimate target at the 30m -FVG.
A sell-side level on the 6-minute timeframe was taken out about half an hour ago, so we’re well within the operational window for the combustion phase.
Today, we’re revisiting Germany’s leading stock index, as it seems the stars are finally aligning. An hourly sellside level was taken out, which is enough for us to establish a foundation. The 30m -FVG within the excessive 30m counter-swing has been reversed, so we’re no longer concerned about opposing pressure. The first 6m +OB has already been mitigated, and the second one — located above the 30m +IFVG — can serve as our variable 2. As a bonus, we’ve got a retest of the 30m +IFVG as well.
As soon as we see a flip in the order flow on the 2m timeframe and the first confirmed buyside delivery above the 6m +OB, all three of our timeframes will be in alignment. At that point, we can enter a long position, aiming to take partials at the liquidity pools marked with the blue lines, with the ultimate target at the 30m -FVG.
A sell-side level on the 6-minute timeframe was taken out about half an hour ago, so we’re well within the operational window for the combustion phase.
Note
UPDATE: We now have a strong low formed on the 2m, as the 6m +FVG has been fully rebalanced, allowing us to adjust our stop already. This still wouldn’t be a break-even point, but the risk is substantially reduced.Transaction en cours
The first target has been hit, and the stop has been moved to the next strong low (already in profit). This is now a risk-free trade.Trade fermée: cible de profit atteinte
What an absolute banger! All targets were hit pretty quickly, except for the very last 30m -FVG all the way up there. Whether the price will continue this beautiful ride to the upside, smash through that gap, and perhaps go further to mitigate a daily -OB is not our concern at this point — the profits have already been locked in. This is a prime example of why aligning order flow across multiple timeframes is a superior principle that can consistently deliver profits.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.