DAX Futures June 2018 | Page 17 | Forex Factory

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DAX Futures June 2018

  • #321
  • Mar 20, 2018 7:23am Mar 20, 2018 7:23am
I'm told that this guy has a good reputation as far as MP is concerned :-

https://www.forexfactory.com/showthread.php?t=617762
  • #322
  • Mar 20, 2018 7:37am Mar 20, 2018 7:37am
251 now bought 2FDXM
I call upon my father's spirit , watching over me
  • #323
  • Mar 20, 2018 7:40am Mar 20, 2018 7:40am
Quoting Brixen
{quote} Again WOW!! What professional explanations you gave me! Thanks! 1. when I was kid I studied German language in Brixen school, because all italians had to study that language in SudTirol and german was not our language. My 1st mark in German was ZERO at 6 years old....but I understand the meaning you wrote in your post..... 2. One question : today 280 and 200 levels are fixed levels from the previous day or are levels forming from time to time during the day? 3. if answer is from previous day, may you post these levels early in the morning?...
Answer to your question 2. The levels 280 and 200 are indeed fixed during yesterday's cash session from 9:00 to 17:30. There are two big pocket of trapped traders hence the market tends to test those levels for those big guys to get out or simply the big funds are defending their position when the market is traded to that level. That is why strong rejections are usually seen around those levels. We call them key trade locations where either big volume occurred or market spends a long time auction there.

Answer to your question 3. I would love to share my charts and the key trade locations with you. Then I would post a market profile overview for DAX every morning in your thread until I have the right to start my own thread.
  • #324
  • Mar 20, 2018 7:48am Mar 20, 2018 7:48am
Quoting BinChenUt
{quote} Answer to your question 2. The levels 280 and 200 are indeed fixed during yesterday's cash session from 9:00 to 17:30. There are two big pocket of trapped traders hence the market tends to test those levels for those big guys to get out or simply the big funds are defending their position when the market is traded to that level. That is why strong rejections are usually seen around those levels. We call them key trade locations where either big volume occurred or market spends a long time auction there. Answer to your question 3. I would...
OK, many thanks.
Very interesting and strong message for you because DAX CASH INDEX (9 till 17:30 CET) is very very important to define these price levels for FDAX.
Another question is :at what time you have these levels , during the after hours DAX or straight after 17:30 CET ?
2nd question :these price levels are referred to FDAX or DAX CASH INDEX (roughly 10 pips lower currently than FDAX)?
This is also important to better understand some moves after european index close. For instance yd evening..I'm sure all Big Boys have made a load of longs below 200 to close early this morning. What I mean is that fake moves are probably during 18CET till 22 CET to prepare the ground for next morning.
I call upon my father's spirit , watching over me
  • #325
  • Mar 20, 2018 7:50am Mar 20, 2018 7:50am
Quoting Brixen
251 now bought 2FDXM
No stop loss and target 281....for now
I call upon my father's spirit , watching over me
  • #326
  • Mar 20, 2018 7:58am Mar 20, 2018 7:58am
Quoting jtrade
{quote} Now I'm going to have to look at MP again... (but great post, thanks ) ! May I please ask which MP indi you are using for NinjaTrader ? (on second look, I think you are using NT7, whereas I have now "upgraded" to NT8) Edit : I REALLY like the idea of referring to FDAX as the DAXhund puppy ;-))) (whilst not forgetting how sharp puppy teeth can be) @Brixen : I have not traded FGBL seriously for about 2 years, but I always found it much steadier than FDAX, with at least 4x liquidity; smaller swings of course, but much easier to scale up size...
Hi JTrade,
Love your post on UniRenko. I have used uniRenko for a while. Absolutely loved that chart type.

About the software, I use RanchoDinero for my market profile charting. They also have NT8 version on offer, which is even better than the NT7 version.
I have tried a couple of charting packages, MarketDelta, WindoTrader, SierraChart. Rancho is the best hands down.
P.S. I don't have stake in that company. Just like their software.
  • #327
  • Mar 20, 2018 8:07am Mar 20, 2018 8:07am
Quoting Brixen
{quote} No stop loss and target 281....for now
250 zone now a clear support level .....the key for my 2FDXM longs
I call upon my father's spirit , watching over me
  • #328
  • Mar 20, 2018 8:12am Mar 20, 2018 8:12am
Quoting Brixen
{quote} OK, many thanks. Very interesting and strong message for you because DAX CASH INDEX (9 till 17:30 CET) is very very important to define these price levels for FDAX. Another question is :at what time you have these levels , during the after hours DAX or straight after 17:30 CET ? 2nd question :these price levels are referred to FDAX or DAX CASH INDEX (roughly 10 pips lower currently than FDAX)? This is also important to better understand some moves after european index close. For instance yd evening..I'm sure all Big Boys have made a load...
Brixen,

A sharp question.
The Market profile or TPO levels are defined during cash session, but the volume profile includes the overnight and the 8:00 to 9:00 electronic session, because the TPO tells me the positioning and intention of the fund managers who are usually taking positions in the cash market while hedge in the futures market during the time when cash market is closed. That is why I watch the big volume nodes in the non-cash session.
At the 200 level, there was a big hedge order after the cash session closed. After the US equity bottomed out, the hedge order is not necessary anymore, that is why the big guys pushed market lower this morning to that spot so that they can take out their hedge order at break even.
  • #329
  • Mar 20, 2018 8:15am Mar 20, 2018 8:15am
Quoting Brixen
{quote} OK, many thanks. Very interesting and strong message for you because DAX CASH INDEX (9 till 17:30 CET) is very very important to define these price levels for FDAX. Another question is :at what time you have these levels , during the after hours DAX or straight after 17:30 CET ? 2nd question :these price levels are referred to FDAX or DAX CASH INDEX (roughly 10 pips lower currently than FDAX)? This is also important to better understand some moves after european index close. For instance yd evening..I'm sure all Big Boys have made a load...
The market profiles and volume profiles are all referring to futures price, because the futures are traded closely to the cash counterpart during the cash session. We could just take future prices as the close approximation.
  • #330
  • Mar 20, 2018 8:20am Mar 20, 2018 8:20am
Sell Mortimer sell
  • #331
  • Mar 20, 2018 8:22am Mar 20, 2018 8:22am
Hi Harold - now you know a thing or two about MP.
  • #332
  • Mar 20, 2018 8:25am Mar 20, 2018 8:25am
Quoting handy148
Hi Harold - now you know a thing or two about MP.
A little bit Mike taking setups at those levels has proven well for me
  • #333
  • Mar 20, 2018 8:27am Mar 20, 2018 8:27am
Quoting Brixen
{quote} 250 zone now a clear support level .....the key for my 2FDXM longs
last famous words...229 now:bought 3 additional FDXM
I call upon my father's spirit , watching over me
  • #334
  • Mar 20, 2018 8:29am Mar 20, 2018 8:29am
Quoting BinChenUt
{quote} After the US equity bottomed out, the hedge order is not necessary anymore, that is why the big guys pushed market lower this morning to that spot so that they can take out their hedge order at break even.
Hi, this is what I don't understand yet. How do "big guys" push market down if not by selling and therfore loading up more risk. Pushing the market around must be very high risk, because you open up more shorts trying to close the shorts (hedges) you already have. Or is my thinking wrong here?
  • #335
  • Mar 20, 2018 8:31am Mar 20, 2018 8:31am
Quoting Brixen
{quote} last famous words...229 now:bought 3 additional FDXM
5FDXM long 237,5
I call upon my father's spirit , watching over me
  • #336
  • Mar 20, 2018 8:33am Mar 20, 2018 8:33am
Quoting Brixen
{quote} 5FDXM long 237,5
251 now:closed 3FDXM 237,5
I call upon my father's spirit , watching over me
  • #337
  • Mar 20, 2018 8:36am Mar 20, 2018 8:36am
Quoting Brixen
{quote} 251 now:closed 3FDXM 237,5
261 now:closed another FDXM

I have only 1FDXM long 237
I call upon my father's spirit , watching over me
  • #338
  • Mar 20, 2018 8:36am Mar 20, 2018 8:36am
Quoting Brixen
{quote} 251 now:closed 3FDXM 237,5
+13,5 pips FDXM x 3 =+40 pips FDXM=+8 pips FDAX
I call upon my father's spirit , watching over me
  • #339
  • Mar 20, 2018 8:37am Mar 20, 2018 8:37am
Quoting Brixen
{quote} 261 now:closed another FDXM I have only 1FDXM long 237
+23,5 pips FDXM=+4,5 pips FDAX
I call upon my father's spirit , watching over me
  • #340
  • Mar 20, 2018 8:43am Mar 20, 2018 8:43am
Quoting Brixen
{quote} 261 now:closed another FDXM I have only 1FDXM long 237
closed at 275 right now last FDXM from 237
I call upon my father's spirit , watching over me
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