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DAX Futures Sept 2020

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  • First Post: Jun 22, 2020 1:37am Jun 22, 2020 1:37am
New expiration on going, new journal as usual.
DAX CASH INDEX has 2 gaps to close: 11968 (last monday) and 12319 (last friday).
For the whole weekend bad news came out, amplify and driven by usual Sharks and their web.sites friends....only to buy on the sharp dip last midnight futures open on CME and Eurex. I'm totally disenchanted of this well maneuvered financial world by now!!!!
Better go to my manual work early morning, I'll probably start to trade during late morning/afternoon later.

Here below underlined some interesting price levels where DAX CASH INDEX reacted last days.
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I call upon my father's spirit , watching over me
Always telling the 1H. I like it as a good compromise between detail and long term view.

On the daily, we're still in the middle and no decision has been taken yet. On one side rising corona cases, on the other a hope for recovery.
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340 bought now 1 FDXM
I call upon my father's spirit , watching over me
Quoting Brixen
340 bought now 1 FDXM
Target 380 zone, but additionals 32..zone down to 27..zone.
I call upon my father's spirit , watching over me
Should I trust these BigBoys .....or not?
Anyway they were so able to open S&P500 at 3040/3050 sunday night...we'll see later!
Attached Image
I call upon my father's spirit , watching over me
Quoting Brixen
340 bought now 1 FDXM
328 added now
I call upon my father's spirit , watching over me
Quoting Brixen
{quote} 328 added now
323 added again now
I call upon my father's spirit , watching over me
and 317 added now
I call upon my father's spirit , watching over me
313 now added
I call upon my father's spirit , watching over me
Quoting Brixen
313 now added
309 bought again
I call upon my father's spirit , watching over me
Quoting Brixen
{quote} 309 bought again
I have 6 FDXM 321 exactly at midday!!

270/280 zone a strong support...we'll see if they wish go down below 300 zone or not.....
I call upon my father's spirit , watching over me
Quoting Brixen
{quote} I have 6 FDXM 321 exactly at midday!! 270/280 zone a strong support...we'll see if they wish go down below 300 zone or not.....
296 added 2 position now
I call upon my father's spirit , watching over me
I have 8 FDXM 315
I call upon my father's spirit , watching over me
Quoting Brixen
I have 8 FDXM 315
288 added now
I call upon my father's spirit , watching over me
Quoting Brixen
{quote} 288 added now
and 284 now
I call upon my father's spirit , watching over me
very confident adding of positions today?
Now I have 10 FDXM 308,5.

As I wrote 270/280 zone must hold for FDXM, otherwise.......
I call upon my father's spirit , watching over me
Quoting karuner
very confident adding of positions today?
Not sure about that. But mathematically, you must add a lot after the first 3-4 contracts for the new buys to have some impact.

In theory, you should at least double your exposure on each down wave and reduce at 50%. But in practice you'll have to be more aggressive on both lowering your entry and taking profits or you're working for free.
Quoting Caiuss
{quote} Not sure about that. But mathematically, you must add a lot after the first 3-4 contracts for the new buys to have some impact. In theory, you should at least double your exposure on each down wave and reduce at 50%. But in practice you'll have to be more aggressive on both lowering your entry and taking profits or you're working for free.
And I have 240 as the next stop in the FDXM after 270 fails (quite obvious level).
Quoting karuner
very confident adding of positions today?
Crucial moment next min....300 zone for DAX CASH INDEX and 270 zone for FDXM at retest from the above: hold or break down? we'll see....
I call upon my father's spirit , watching over me
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