DAX Futures June 2018

US was down a lot when I went to bed but seems they have recovered overnight. Looking like GER30 will open around 270 as I write this.

a couple of FDXM shorts triggered at 279 and 288 after the open, for now....

6FDXM short 261 in total, included yd positions

255 now :reducing my positions....

out for 3FDXM:6 x 3=+18 pips FDXM=+3,5 pips FDAX

I have only 3FDXM short 261

I suppose Big boys have a load of longs from yd night (below 2700 for US S&P500 and below 200 for FDAX) and now they want a good reward this morning....
I was tempted to buy strong positions yd evening but I only made small trades.

out for 2FDXM at 251 now!

+10 x 2=+20 pips FDAX=+4 pips FDAX

Only 1FDXM short 261 with stop at 269 and target 239

Above 2723 US will go for shorts squeeze....while below we'll back towards 2700

First FDAX trade in new, "Unirenko series" - hope you don't mind me posting here : these are sim trades until I have 5 consecutive winning days. I am considering your levels, although it may not seem like it. This entry followed 3 failed pushes below the gap close.



Maybe I have to wait for the Brixen Seminar in beautiful Alto Adige before going live with this particular instrument again...

Edt : trailed out at +61 for 9.5 pts/+19 ticks.

Btw, I am pushing myself to FDAX rather than Ger30, as I like to use Stop Limit orders for entries (usually with a negative offset of 1 or 2 ticks).

Edit2 : went long off the same price, but jumped out at first retest; need to chrome plate my cojones...

1. this is not my journal as I wrote many times in the past and everyone that can help and suggest ideas on FDAX/FDXM is welcome.
2. could you better explain your method, please.
3. in SudTirol only vacations not job.
4. everyone here needs steel nerves and steel.....to run this job, no way!

Lower highs and lower lows showed the way.

closed last FDXM short at 243 right now.
as handy148 wrote, narrow range in place will explode later...but who knows where it will go...probably higher

+18 pips FDXM=+3,5 pips FDAX


FLAT and deleted all orders for now.

3FDXM 219 long just triggered

210 now:bought 4th FDXM

Additional FDMX buy orders below 200 till 150.

FDAX buy orders between 145 and 115

3FDXM 199 just triggered

This is an attempt at a more general explanation, as I am the central part of the method (if you know what I mean, as I expect you do).

I picked up the UniRenko ideas from a thread in the Elite (subscriber) section of the excellent futures.io website, the best trading site for NinjaTrader users (also for other platforms, but mainly NT). I have in the past traded primarily from tick and range bar charts - I always found renko bars great to look at, but very hard to trade live. Put simply, the UniRenko bar adds a reversal factor - I'd reference the link at futures.io, but it's in the subscriber section - if you look at my chart, you can see the reversal bars are longer than the others. Here are my current settings for FDAX :



I also have H1 and M15 charts in view : I use H1 for SR & possible targets.

I would be very happy to average 20 ticks / 10 pts a day (I have hit that this morning and will probably leave it at that, having started to write this post - I would say that to average 20, one needs to target 40) & typically trade the DAX between 0900 > 1100 local (I live outside Amsterdam). I start earlier one day a week when my housekeeper is here (as she is this morning), as I would otherwise be contemplating the Infinite on my meditation cushion, but prefer not to do so when the vacuum cleaner is running... 10 -15 years ago, when I was living on the Monte di Portofino, I used to trade most of the US session (3 lots of the ER2), but I find a couple of hours intense focus is all I can sustain, now in my mid-60s). I'm not trying to make six-figures from trading anymore (I have managed this in 3 years only), just to add a little butter to my daily bread.

I typically endeavour to enter on pullbacks, assuming that an entry level is almost invariably tested; however, it's a general and obvious observation that if you place a moving average on a chart and can stay long above it, short below it, trading an instrument with good swings, it would over time most likely be very profitable. So the question is how to do this apparently extremely simple thing... & this is what I am experimenting with; that is an SMA(13) on the chart & I often add an EMA(89), as well as current day OHL. From time to time, I take all indicators off and I change things just to freshen my view.

I usually draw horizontal lines, moving them as the session progresses (I will often reenter "on the line", ie. at the same price as an eariier trade, as I mentioned this morning). I had VWAP on my chart much of last year - mainly trading the NQ on the US morning session - but eventually took it off. I have spent many hundreds of hours trying to teach myself to use order flow for futures, especially on FGBL, but finally concluded that I am "order flow / market profile dyslexic" (although having watched T&S for so many years, I will sometimes buy at support with a tiny, 3 or 4 tick stop & vice versa : the trade either works or it doesn't).

I have switched back to the DAX as my daily schedule - which revolves around my 17 year old daughter's school schedule, - has changed, so I trade mornings once more. I am considering FGBL again : it's slower movement may be preferable for my now senior execution capabilities & from one perspective it is a more margin efficient instrument.

I have traded larger size in the past, but had a much larger account, unfortunately drained over the last 5 years to fund an unsuccessful multi-year legal battle against a bank : $250k vaporised in legal fees and nothing to show for it. Such is life & losing large sums of money is not necessarily as bad as others think: it can make life simpler, in fact, & challenges one to be absolutely clear about - and fully appreciate - what really matters.

I am drawn to your and one or two others' threads as I am interested in those who appear to have a clear, consistently tradeable picture of demand and supply. So I am observing, as well as trading.

Lastly, I in the past would have advised anyone to stick with Ger30 in small size, but Live, as sim is, well, "da pits" ... but I have a specific outcome to trade FDAX (I prefer the 0.5 tick min move and also its commission efficiency over FDXM, perhaps mistakenly)... although like I wrote, maybe it would be more sensible to trade the Bund... but one thing at a time.

7FDXM long 209,5