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DAX Futures Mar18

  • #2,321
  • Feb 16, 2018 1:30am Feb 16, 2018 1:30am
Quoting Brixen
{quote} 397 till 410 zone where I will close my last FDXM
closed at 398 seconds ago last FDXM 358
I call upon my father's spirit , watching over me
  • #2,322
  • Feb 16, 2018 1:31am Feb 16, 2018 1:31am
Quoting Brixen
{quote} closed at 398 seconds ago last FDXM 358
+40 pips FDXM=+8 pips FDAX

Flat for now...but with +50 pips FDAX in my pocket
I call upon my father's spirit , watching over me
  • #2,323
  • Feb 16, 2018 1:34am Feb 16, 2018 1:34am
Today is the 3rd friday of the month.

So at 12CET will expire the options for Eurostoxx (most of DAX shares are there) and at 13CET the DAX options.

Some erratic moves expected also for this reason.
I call upon my father's spirit , watching over me
  • #2,324
  • Feb 16, 2018 2:14am Feb 16, 2018 2:14am
ready to buy again 370/359 zone...current 385
I call upon my father's spirit , watching over me
  • #2,325
  • Feb 16, 2018 2:19am Feb 16, 2018 2:19am
Quoting Brixen
ready to buy again 370/359 zone...current 385
bought 1FDXM 375 now
I call upon my father's spirit , watching over me
  • #2,326
  • Feb 16, 2018 2:27am Feb 16, 2018 2:27am
Quoting Brixen
{quote} +40 pips FDXM=+8 pips FDAX Flat for now...but with +50 pips FDAX in my pocket
maybe a silly question but what's FXDM ? can't find it on my platform does it go by a different name as DAX goes by GER30 ?
...
  • #2,327
  • Feb 16, 2018 2:36am Feb 16, 2018 2:36am
Quoting Piquant
{quote} maybe a silly question but what's FXDM ? can't find it on my platform does it go by a different name as DAX goes by GER30 ?
Usually GER30=DAX CASH INDEX

FDAX is the future of DAX INDEX and +1pip =+25 eur. It is traded by EUREX Zurich/Frankurt based (as CME in Chicago for US)

FDXM is small FDAX (1/5) and +1pips=+5 eur

If your broker is not connected to EUREX you will see only DAX CASH INDEX quotes.
Often CASH INDEX and FDAX are different for some pips (futures don't take into account didivends for instance and have other rules=no overnight cost but daily settlement price etc.) but it's wider during May/June period.

http://www.eurexchange.com/exchange-...utures/2208132
I call upon my father's spirit , watching over me
  • #2,328
  • Feb 16, 2018 2:37am Feb 16, 2018 2:37am
Quoting Brixen
{quote} bought 1FDXM 375 now
closed right now 412
I call upon my father's spirit , watching over me
  • #2,329
  • Feb 16, 2018 2:38am Feb 16, 2018 2:38am
Quoting Brixen
{quote} closed right now 412
+37 pips FDXM=+7,5 pips FDAX

Flat again
I call upon my father's spirit , watching over me
  • #2,330
  • Feb 16, 2018 2:43am Feb 16, 2018 2:43am
Quoting Brixen
{quote} Usually GER30=DAX CASH INDEX FDAX is the future of DAX INDEX and +1pip =+25 eur. It is traded by EUREX Zurich/Frankurt based (as CME in Chicago for US) FDXM is small FDAX (1/5) and +1pips=+5 eur If your broker is not connected to EUREX you will see only DAX CASH INDEX quotes. Often CASH INDEX and FDAX are different for some pips (futures don't take into account didivends for instance and have other rules=no overnight cost but daily settlement price etc.) but it's wider during May/June period. http://www.eurexchange.com/exchange-...utures/2208132...
appreciate the explanation I somehow thought FDXM was another European based index, I trade DAX in the form of CFD so that's probably why I don't see FDXM on the offer the DAX I trade 1pip equals to about 1.25US$ on 1lot. You're dealing with a whole another beast, futures. In futures do you not have the option of lots ?
...
  • #2,331
  • Feb 16, 2018 2:47am Feb 16, 2018 2:47am
Quoting Piquant
{quote} appreciate the explanation I somehow thought FDXM was another European based index, I trade DAX in the form of CFD so that's probably why I don't see FDXM on the offer the DAX I trade 1pip equals to about 1.25US$ on 1lot. You're dealing with a whole another beast, futures. In futures do you not have the option of lots ?
NO.
1FDAX has his margin and his +25 eur gain/loss for 1 pip.
the same for FDXM divided for 5.
spread is 0,5 for FDAX and 1pip for FDXM.
Brokers have commission for each trade that may be different broker from broker, customer from customer.
I call upon my father's spirit , watching over me
  • #2,332
  • Feb 16, 2018 2:55am Feb 16, 2018 2:55am
Quoting Brixen
My early morning levels for today FDAX M30 chart before the eurex open {image}
415 zone break up on going....
I call upon my father's spirit , watching over me
  • #2,333
  • Feb 16, 2018 3:03am Feb 16, 2018 3:03am
don't know if pip miner is watching but a little something on Nikkei (I hope I'm not intruding your journal Brixen) but when Nikkei moves the range can be as wide as 190pips within 20minutes beats DAX of course especially during London open since I don't trade US because of the time difference, again don't know which TF pip miner trades I do 2m even then with precision entry the stop should be at least 55pips which is 55US$ but then again the expected payback is anywhere between 90pips-190pips again in a span of 20-30minutes, you can catch the move right at Tokyo open or the one that occurs 10-20minutes after the open I personally prefer the latter as the former could just be a fakey like London fakey.
Attached Image
...
  • #2,334
  • Feb 16, 2018 3:27am Feb 16, 2018 3:27am
Quoting Piquant
don't know if pip miner is watching but a little something on Nikkei (I hope I'm not intruding your journal Brixen) but when Nikkei moves the range can be as wide as 190pips within 20minutes beats DAX of course especially during London open since I don't trade US because of the time difference, again don't know which TF pip miner trades I do 2m even then with precision entry the stop should be at least 55pips which is 55US$ but then again the expected payback is anywhere between 90pips-190pips again in a span of 20-30minutes, you can catch the move...
1.this is not my own journal. I appreciate very much posts from traders helping other trader as me.
2.I don't know well Nikkey but I know that the CASH INDEX has only 6 hours time (1CET till 7 CET) and in 6 hrs can move 2,3% up or down fast as a rocket with high risk of heart attack!
3.Luckily in Europe we have 14hrs to follow Eurex futures and 9 hrs roughly with CASH INDEX open, included some hours toegther with US.
4.if I'd live in Asia/Australia I will place my base on touristic port of Perth WA, with the Ocean in front of my house and a lot of Italians restaurant around (the Pizza world champion has based there) and only 7hrs delay from CET in a way to trade FDAX and not loose my sleep......I'm joking!
I call upon my father's spirit , watching over me
  • #2,335
  • Feb 16, 2018 3:30am Feb 16, 2018 3:30am
Quoting Brixen
{quote} 415 zone break up on going....
Back to trading....Big Hands are preparing the ground for options expiration at 12 and 13CET.
So if they want to see 500 they will have 500, or 350...they will have 350.

I will not trade until 12,30/13,30 CET.

Anyway my range zone worked well this morning and now 415 till 475 is the new range zone.

FDAX M30 chart update

Attached Image (click to enlarge)
Click to Enlarge Name: FDAX16feb18M30.png Size: 28 KB
I call upon my father's spirit , watching over me
  • #2,336
  • Feb 16, 2018 3:54am Feb 16, 2018 3:54am
Quoting Brixen
{quote} 1.this is not my own journal. I appreciate very much posts from traders helping other trader as me. 2.I don't know well Nikkey but I know that the CASH INDEX has only 6 hours time (1CET till 7 CET) and in 6 hrs can move 2,3% up or down fast as a rocket with high risk of heart attack! 3.Luckily in Europe we have 14hrs to follow Eurex futures and 9 hrs roughly with CASH INDEX open, included some hours toegther with US. 4.if I'd live in Asia/Australia I will place my base on touristic port of Perth WA, with the Ocean in front of my house and...
Yeah I get that you're joking because that's impossible you'll lose your sleep and the whole night and possibly the next day because of hangover from lack of sleep if you're based in Perth and still want to trade US session.

But the emphasis with Nikkei is that you can only focus on grabbing that 100pips during certain time of the session you don't have to trade the whole session, it moves that much right after the Tokyo open (the move right at the open is probably fakey but if you can make something out of it why not trade it it's a personal preference after all) and 20minutes after the open, 30-40minutes afterwards you get plenty of 100pips moves right after the open. And it's all about time versus payoff, if I could trade Nikkei profitably and had a sufficient account I'd pick Nikkei instantly and be done for the day in the morning.

If you look hard and careful enough at Nikkei it's just like any other instrument really but I'd pick lower TF for Nikkei as spread is higher so is the volatility so the probability of you incurring heart attack would lower exponentially if only you know what you're doing of course.

Last note on Nikkei if you're already doing consistent performance on DAX or any other index I don't see why you can't trade Nikkei profitably, Nikkei is on my radar for sure as it fits right into my timezone and the payoff versus time is always attractive. But the bottomline is you have to get to know the flow, the behavior first and see how you dance along, if you can keep the pips then why not ? as in why not for pip miner, if I resided in Europe I guess I'd keep DAX or maybe NASDAQ and trade it during US session.
...
  • #2,337
  • Feb 16, 2018 4:14am Feb 16, 2018 4:14am
Quoting Piquant
{quote} Yeah I get that you're joking because that's impossible you'll lose your sleep and the whole night and possibly the next day because of hangover from lack of sleep if you're based in Perth and still want to trade US session. But the emphasis with Nikkei is that you can only focus on grabbing that 100pips during certain time of the session you don't have to trade the whole session, it moves that much right after the Tokyo open (the move right at the open is probably fakey but if you can make something out of it why not trade it it's...
FDAX is enough for me and good till I will live in Europe, but I understand your point.

where are you from?
I call upon my father's spirit , watching over me
  • #2,338
  • Feb 16, 2018 4:41am Feb 16, 2018 4:41am
407 now:bought 2FDXM
I call upon my father's spirit , watching over me
  • #2,339
  • Feb 16, 2018 4:48am Feb 16, 2018 4:48am
Quoting Brixen
407 now:bought 2FDXM
395 just bought 3rd FDXM
I call upon my father's spirit , watching over me
  • #2,340
  • Feb 16, 2018 4:48am Feb 16, 2018 4:48am
Quoting Brixen
{quote} 395 just bought 3rd FDXM
3FDXM 403,5
I call upon my father's spirit , watching over me
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