Trading the Confluence Strategy in the Dax | Axia Futures

Share it with your friends Like

Thanks! Share it with your friends!

Close

Watch the full video on a free two week trial at https://www.AxiaFutures.com/

Richard talks us through his thinking while trading the Dax after forming a double distribution market profile with a strong end of day close. He notes that the immediate tone was for a bullish continuation, but found resistance when respecting a long-term trendline. The market came off and moved through the previous day’s VPOC, opening up the risk to trade back down through the low volume area of the double distribution profile. Once this took effect, the low end target was the high volume nodes of the lower distribution. Finally, a second trade presented itself with a quick reversal off overlapping support areas of a 50 moving average, Bolinger Bands and an internal trendline, targeting a rotation back up through the profile. A clue for this bullish reversal later in the day was delta having stayed positive throughout the move down.

To learn more market profile trading strategies and advanced concepts, watch this free 1 hour course overview here:

https://AxiaFutures.com/unit/Overview-of-Volume-Profiling-with-Strategy-Development-Course/?id=1917

All of our traders use TT for fast and efficient execution on the DOM.

Try the TT platform free for 4 weeks:

https://www.TradingTechnologies.com/try-tt/?utm_custom=axia

Axia Futures engages in Developing World Class Traders Globally.

Visit us at: https://www.AxiaFutures.com/

Comments

Comments are disabled for this post.