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ok i will. first i have to download snag it cos my trial time expired.

this is just the resulted opinion of my own experience trading dax during 2 years. about the trend, i am an expertise reading elliott waves and i have detected that the waves of dax and the waves of future dax are the same. the difference between the first ones to the second ones is that the future dax waves are normally complex waves instead of the simple waves of the dax index but, at the end of the movement both (the dax and the future dax) have done the same path. dax waves are normally, 1 to 5 and abc and future dax is more usual to see correction waves like abcde or 1 to 5 but with more extended waves than the simple 1 to 5 of the dax index waves. about the gaps, the dax index has big open gaps almost everyday and this is how i have seen these gaps influence the behaviour of dax futures during the session.

ok. i know what you mean. they are indicators similar to the trin or tick. but, im afraid, there is not this available for the eurex markets

1.- index better than futures in some points under my analysis the reason is simple. futures are open double the time than the index is open. sometiemes futures are open even 24h a day meanwhile the index only between 6 and 8 hours daily. because of the two of them has to do the same trend at the end of the day, the index has less hours to do so so its moves are more direct, simple and comprehensive. so, you can follow it better and better recognise which trend we are in. however the futures have more hours to do the same moves so, their moves get in the way of more complex structures, formations or waves that can confuse you. conclussion: to follow the index is a good point. 2.- futures follow the index in my opinion the futures follow the index. you can see that when, for example, there is an open bullish gap in the index and this gap influences the index during the whole session. you can see how, after the index price has been going up during the session(and the future followed it), at some time the index price starts falling but, cant break the open gap from the morning. so the futures, at the same time, stop their falling too under any obvious chart reasons. you think, whats going on? there wasnt any support there! why the futures dont keep falling as my bearish signal indicated me? you go to the index chart and realise: oh shit! the index couldnt break the open morning gap and this became a support in both markets (the index and the futures). this happened to me several times till i discovered what was going on. since then, i always have the index chart present at the time im trading the futures

but this is what you have with normal volume bars. momentom, could you explain this a little bit deeper?

i dont really understand what you mean with up volume and down volume

no. a year ago i was working on tick and trin and try to find the equivalent for the dax market and couldnt find them. i even talked to my charts suppliers and told me they didnt have anything like that

hi walter, ive been out for this weekend and couldnt read your post since then. on monday morning Ill come back to study the charts and make a projection on fibonacci levels. dax and es. actually, since I see the markets under elliotts view my trade has improved hughly. this doesnt mean that I consider other types of analysis to form my enter criteria like vsa or candle patterns but, elliott and fibo combined are like the frame you never have to ignore to know where the market is and where it seems to go aswell as if the trend is starting or beeing exhausted. thanks also to wsam for enhancing his explanation

Good Point Walter, Your Vision Made To Repass The Elliott Rule. I Thought Wave 3 Had To Be At Least As The Top Of Wave 2. But, I Was Wrong. Elliott Rule Says That Wave 3 Must Always Overpass Top Of Wave 2 And With An Usual Length 161.8% Minimum Of Length Wave 1. So My First Vision Of The Chart Was Incorrect. Only, Your Chart Or My Second Chart Can Be Correct. Noutouch And Brownsfan Were Right Thinking About The Continuation Of The Present Short Term Trend. Anyway, It Doesnt Matter Which Chart We Choose Betwen Yours Or My Second Because The Conclusion Of Both Are The Same: We Are In Wave 3. So, There Are A Lot Of Possibilities Of Keeping Growing. Considering Both Charts, Both Have Complex Corrections. This Means That The Next Retracement To Correct Wave 3 Will Be Simple To Keep Alternation But A Large Retracement To Keep Same Proportion Of The First Retracement. Basing A Study On Your Chart, I Have Enhanced A Projection Of A Possible Next Future For The Following Days. Market Is Still Bullish But We Have To Be Aware Of Next Abc Keeping An Eye To Make Sure Is An Abc And Wait The End Of This Abc Looking For A Support Line, Bullish Candle, Big Volume Bar, Etc. This Last Coment Would Be My Long Enter Criteria Once The Next Abc Finishes. It Is A Pleassure For Me To Keep In Touch With You. You Are Quite Open Minded And Observant And This Is Very Constructive Because Make Us Consider A Wider Range Of Scenarios. Thanks Walter Hope You Enjoy The Chart I Think Is Quite Detailed And Helpful. To Have In Mind Where We Are And What Can Come First (the Big Picture) Is Very Important To Develop A Strategy And Be Aware And Sure For The Next Entries

brownsfan, I would like you to give me and explain in more detail spinnings and volume bars relationships with charts please. I dont know too much about these interactions. specially about what you say of the equilibrium market please thanks MX notouch, I know there is a possibility to keep growing still, but I trade the dax (a very, very volatil index) so, having the weekend coming, a war running and oil prices growing, Im scared of having a big downward gap in dax monday morning. this wave is getting to its end, there is, probably, some extensions of this wave to come but, I dont like to run my longs to the top end just in case anything happens. there is also another possibility that we are in wave 3 still of 5 and there is a bullish run to come but it's scary. thanks for the comment wsam, I dont understand what you really try to explain. Im not from the states and have some english language limitations. thank you I attach two dax charts because of I have a big doubt about the last elliott wave counting. each chart is a different scenario fot the next days. I would be very greatful if some ellotticyan with experience could bring me some light to my doubts. it can be also useful for those traders who hold long positions still. thank you all again. it seems we are starting to understand to each other. the beginning was a little difficult and agressive in the texting but, now starts to be softer and these comments can be very useful for all of us and economically good for our trading accounts in the future. sharing different visions of whats going on in the markets make us think different views and being much more aware of changes and trends

We Probably Are Finishing The Last Bullish Impulse. I Dont Really Know But, Seeing The Charts We Could Not Go Much Futher Than Todays Highs Before Seeing A Big Retracement. I Attach 2 Es Charts 15 And 60 Minutes. P.d. Brownsfan. Because You Asked Me Which My Position Was And I Told You. I Tell You Now That I Have Closed My Longs Right At This Time. Hope It Is Useful For You To Know.

hi walter, first, sorry for not to answer you earlier but, today it has been a very intensive day and possibly clarifying to know exactly where we are in the markets and what can come next. I have been all day studying the charts and I couldnt replay you so. I have made a new chart for you recounting the elliott waves for the ES. I know that counting elliott can be very confusing if you dont have practice with it. to count waves can seem simple but, believe me, it is really complicated and you have to take in account a lot of things like subways, significative highs and bottoms, retracements, alternation rules, volume bars, fibo levels and so on. and, aswell in different time frames to be sure that coincedes in all of them. the new chart is quite detailed and clear. hope you enjoy it. I attach too a DJ transport daily chart quite clarifying

Walter The First Chart Of The Past Post Wasnt The One I Wanted To Show You

In The Last Chart Cause Of I Have A Lot Of Information Inside I Draw The Last Wave Wrongly (the Light Blue One). Based On My Wave Counting Analysis The Correction Of The Past Wave 1 Has Finished (green Wave 2) And A 3rd Wave Is Beggening (green Wave 3). A Shooting Star Seems To Be Formed But I Dont See It As Strict Shooting Star Pattern. For That Reason, This Shooting Star, In My Opinion, Could Be A False Bearish Signal (see The Charts)

notouch, in my opinion this shotting star is not going to work as it uses to cause of the next things that I attach in the chart. please I would like to study my chart and tell me if you see different points. It would be very useful for me. thanks MX