V80 - 3rd June 2026 - EU session

Hinzugefügt: 2026-06-03

[00:00:36]Okay, I should be live.

[00:00:58]Good morning. It is Wednesday the 3rd of June.

[00:01:04]I already have some open positions.

[00:01:11]I hope that I'm coming through loud and clear.

[00:01:16]I think everything is a okay.

[00:01:28]I will be doing the EU session this morning on a Wednesday which normally belongs to Andy now and I will um I won't be doing the US session. Andy will be doing that and then on Friday I will not do the EU session and he will uh the reasons for my short Happy to show you.

[00:03:42]impressive uh recovery in the foot.

[00:03:57]Don't have a stop there.

[00:04:00]at the moment.

[00:04:37]So, I thought it was an interesting um trading session yesterday in the DAX because we had a gap up from the close previous day to the open. It's a significant gap up and then the market rallied almost this length of the gap itself.

[00:05:00]The gap was aboutund 190 and then we rallied 170 but then from the gap open to the close we fell back. And so what I what I did is I I went in and I searched under those parameters and say you know tell me all the days where uh on a Tuesday the market has a gap up a significant gap up. I think I defined it at uh 0.5% at least and then where we close at least half a percent of the highs of the day. And so it spat out uh uh I think it was 47 41 dates in the past where this particular pattern had played itself out. And I'll give you a couple of uh of examples. So if we if we just write down here for example uh write on a piece of paper. So we look at the the 10th March 26 and we look at 5th of August 25 and we can just look at 24 June 25 and then we look at the 15th October but now it's 4.

[00:06:47]So if we're looking at the So if we look at those dates, sure I can quickly find them here on the 10-minute chart.

[00:07:04]So we'll go to the first one, which is the the 10th So there's the 10th big gap up. But what I was interested in Okay. And I'm thinking, yeah, no, it does actually.

[00:07:27]I think there's a slight machine problem here because I asked for close less.

[00:07:33]Oh, sorry. That we we went at least half percent. Anyway, it seemed to me as if the pattern was then fairly consistent that you'd see lower prices the following day. Um, so that was the ch.

[00:07:47]So, let's look at the the uh 5th of August 2025.

[00:07:57]That's very sophisticated. You have to scroll your way through it. I'm sure there's a easier way and I could show you on my own machine, but I think I like to show you on just an e signal.

[00:08:07]So, here's the 5th of August here. You see there's a gap up and you then close well off the highs here by more than half a percent.

[00:08:24]And in this particular case, we have a gap up, but it's still a trend lower.

[00:08:29]So, I rolled the dice yesterday. I'm thinking, okay, I want to just have some reference points. I didn't know there were going to be 100 points in profit, otherwise I trade a lot bigger. Let's look at the 24th of June.

[00:08:42]Oops.

[00:08:44]So, here's the 24th of June. Also, gap up here and uh you're closing significantly off the highs by more than half a percent.

[00:08:56]So, there's the highest and we close way off. and then the following day which is would be the Wednesday. Um, so just to sort of the the search parameters, show me Tuesdays where we have a gap up from Monday, uh, and we close at least half a percent off the highs from the highs of the Tuesday. And then I got the dates and that shows me where I could go in and do research, go, okay, what happens on the following day? And this seems to be a fairly consistent pattern that you're going to get a trend day and predominantly it's to the downside. But let's uh look at the 15th of October 24 coming up 19,000. So we have to So here is the 15th of October. We have a gap up, then we have a uh continued rally, but then we close way off the highs.

[00:10:03]And the following day, which is this part here, we seem to have a fairly consistent uh downtrend in the morning, admittedly followed by an uptrend. So that was the basis of putting some small positions uh on in the DAX. We just hit the 50% retracement. I really want to be short again. I think I just going to be a reference point. I'm going to be short.

[00:10:37]I obviously I want to trade normal big size with you.

[00:10:54]Maybe I have to wait until school run and my footy is not performing. I haven't got a stop loss in the footy at the moment either.

[00:11:28]So Footsie is sort of ruining my party.

[00:11:42]which filled the gap very quickly.

[00:12:06]So that uh 24963 is is a a very simple calculation of uh on a one minute chart. I simply just took the the tiny bit of range from the premarket high and down to the first low that happened 1 minute in and that identifies the 50% retracement.

[00:12:38]Simple approach.

[00:12:49]My normal size in the footsie is a 100.

[00:12:52]And I will add to this even if it has the appearance that I'm adding to a loser.

[00:13:46]If we go back to the DAX present time, just bring out a 15-minute chart.

[00:14:02]You'll see that we're currently trading around in the cash mark. We're trading at 24,000 950 which is here.

[00:14:19]So you can sort of get a sense of where we are from a cash market point of view.

[00:14:26]Yeah, we had a we have had a trading range and now we are down here. This is a delayed charting package. I only use it for research.

[00:14:47]So, we are already at the low end of the range.

[00:14:52]So far the lows of the day is 9:15 and the old lows well they are would you believe it one of them is 9:15 and another one is 9001 and another one is 923 so So, as we are in a bull market, of course we are.

[00:15:31]I'm sure there's many traders that interpret this as just a retracement.

[00:16:09]No luck with my foot is going in completely the opposite direction.

[00:16:17]So I may just decide to take my loss.

[00:16:23]Say that didn't work out.

[00:16:32]could show you the FE chart. I have so many bloody charts. Uh there we go. Up here.

[00:16:43]So, um if I look at the same dates for the Footsie, we have to go to the 10th of March.

[00:16:58]Oh, just a little bit too far. So, here's the 10th of March.

[00:17:07]Also had a gap up, but also closed, but it has a a much more, shall we say, a normal pattern for the foot. Just range bound down up down up.

[00:17:27]5th of August.

[00:17:47]So, here's the 5th of August.

[00:17:50]Gap up, push higher, close way off the highs. by the following day, gap up and then sideways trading range.

[00:18:03]So maybe there is a chance we're going to come back down again. Time will tell.

[00:18:08]I'll do one more. 24th of June, trading at 8,700.

[00:18:25]So here's the 24th of June gap up but close way off the highs.

[00:18:34]Following day push higher it would be lovely if there was this kind of day that we were having slight gap up push higher and then a reversal.

[00:18:46]We'll see.

[00:18:52]And then the 15th of October now in 2024.

[00:19:15]Ah, that doesn't look right.

[00:19:21]I must say that doesn't look like a gap up to me.

[00:19:29]I know what the issue is. But anyway, so there you go. So there would be the 16th thing I can interpret from that, right?

[00:19:48]So, the first 10 minute testing the 63 area again.

[00:20:06]So, perhaps I'll just wait for school run.

[00:21:06]So you'll see that uh the DAX made a new high although I would just double verify that. And so this is the highest bar.

[00:21:19]This bar here is the highest bar and you'll notice that we close below the low of the highest bar on a daily chart and this is regular trading hours.

[00:21:35]So to me this constitutes a fishing technique sell signal and it would mean that this area here is on the cards which is surprise surprise 23,700.

[00:22:05]Fair distance away.

[00:22:23]We're currently at 24, 9. We're right here.

[00:22:34]But brave is the man or woman that bets against a bull market like this.

[00:22:51]So just to repeat, there's the bar that makes you can argue that it trades above this high here. could also target to trade above this high here. So it constitutes a break to new highs.

[00:23:06]Then we trade inside. But on Friday, I think it was, no, Monday, we closed below the low. Yesterday was then back inside. We closed off the highs and here we are now testing the lows of yesterday.

[00:23:27]As you can see from the fact that this is Monday session and we've traded down to 24,900 already So, nothing really official in the telecom channel yet.

[00:24:41]I want to see how the future reacts to this halfway line.

[00:25:12]just put a little reference trade in.

[00:26:08]I'm shorting the footsie here in normal size.

[00:26:20]10359 See if I would be more comfortable if we actually got a close below the halfway line.

[00:26:46]That's not the case yet.

[00:27:33]So, we're coming down to a retest of first 15 bar low.

[00:29:27]Just want to have a look at the D Jones.

[00:30:01]So, we're coming up to the completion of the second 15-minute candle, and that will lead the way to a potential school run signal in about 20 odd seconds, and it would mean a short near the lows of the day.

[00:30:38]And it's completed.

[00:31:25]I'm adding to my footing.

[00:31:57]Shorting the ducks Yeah.

[00:32:10]Heat.

[00:32:37]So, here are my open positions.

[00:32:56]which is now triggering a first bar positive cell.

[00:33:03]Think it's fair to say that I got enough on my plate.

[00:33:10]I will uh take some profit in the second entry.

[00:33:35]I'm just sort of toying with the idea of how to manage this this first uh I think I'll close this the first and then I'll close this 25 and so future closed I'll get rid of this one because it's so inconsequential.

[00:34:32]Just going to do this. It's a slightly more manageable position. I got some things that prevent me from being with you all day.

[00:35:08]So trading a smaller size will allow me to scale in on more than one. You know, technically adding to a losing trade, that doesn't bother me in that sense.

[00:35:18]It's like if I trade a 100 or I do 10 fills at 10 slightly varying prices, I'm okay with that.

[00:35:33]So, we went as low as 895.

[00:36:36]So bulls are stepping in below bar one and two.

[00:37:29]That stuff is not doing a whole lot.

[00:38:28]His So, what would that look like for the footy?

[00:39:03]We're currently trading at 341.

[00:39:10]That will be here.

[00:39:17]So that blue line represents where we're currently trading and the Footsie has also issued a fishing technique sell signal. see that by this high here we break it and then the following day we break it but then we close below it that means the target for the footsie is 10,50 50.

[00:41:07]So, here's a one minute chart of what it looks like.

[00:41:53]First retracement was 48.

[00:41:59]Second retracement 48 45 46 then 40. So retracements are getting a little less So, we are below yesterday's low.

[00:43:57]As you can see here, this is yesterday's low.

[00:44:14]Just going to close some of these smaller positions.

[00:45:02]So, this is probably going to be a runner up, but I'm not with you for the rest of today.

[00:45:07]So, on this account, I will uh just one second.

[00:45:41]So, it's looking pretty good for a swing.

[00:45:44]So, I'll close it here 28 points.

[00:45:50]The foot I'll just uh run and uh I think that's me done.

[00:46:01]I just want to take a moment here to say thank you for the support yesterday. Uh I'm not actually ready to really talk about it.

[00:46:15]Deeply deeply tragic event and it it wasn't anything to do it wasn't anything that happened to to me or to my family. Thank God.

[00:46:30]But um uh that's also to give you the the headline details that uh um a family in more uh environment friends and had been on a road trip and the two little boys.

[00:47:17]Five and eight were were killed in a collision.

[00:47:26]And uh it It deeply affected me.

[00:47:34]So, I want to say thank you to Andy for stepping in. It was incredibly gracious of him at such short notice.

[00:47:43]Thank you, Andy.

[00:48:05]We'll leave it at that today and he's in later. Thanks a lot everybody.