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DAX Futures June 2018

  • #3,101
  • May 31, 2018 4:45am May 31, 2018 4:45am
1. DAX CASH INDEX has a gap to cover at 828,26 (few pips lower for FDAX/FDXM)

2. 29 may high was 803,29

3. today high (so far) stands at 803,60

so the uptrend from 600 it's not so clear for now and risk of a double top at 803 has to be confirmed next hours.
I call upon my father's spirit , watching over me
  • #3,102
  • May 31, 2018 4:50am May 31, 2018 4:50am
Done my daytrade:+12,5+9+3,5+2+6+1,5=TOTAL +34,5 pips FDAX.

and done my shortened week:
mon:+24,5 pips
tue: +91 pips
wed: +48 pips
today:+34,5 pips
TOTAL: +198 pips FDAX.

Florence I'm coming next hours....and DUCATI Tribuna too!!!

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I call upon my father's spirit , watching over me
  • #3,103
  • May 31, 2018 7:43am May 31, 2018 7:43am
Question, please, to anyone who knows the answer : is the Ger30 CFD offset from (= not the same price as) the DAX Cash Index from which both FDAX and FDXM are derived ? Free DAX Index data seems to be delayed (if it's not, then there is a CFD offset, but based on what?).

I understand the futures contract offset based on expiration versus current date, but how is the CFD offset ?
  • #3,104
  • May 31, 2018 8:49am May 31, 2018 8:49am
Quoting jtrade
Question, please, to anyone who knows the answer : is the Ger30 CFD offset from (= not the same price as) the DAX Cash Index from which both FDAX and FDXM are derived ? Free DAX Index data seems to be delayed (if it's not, then there is a CFD offset, but based on what?). I understand the futures contract offset based on expiration versus current date, but how is the CFD offset ?
Ger30 CFD. Not the same price as FDAX or FDXM. The offset is random during a session, it can range from a couple of points upto 30 points, it will differ between brokers, we had a look at this a couple of years ago and found only 1 broker that had the same price as the Futures index, can't remember which one.
Makes no difference to your trading unless you are trying to follow Futures and trade on Forex that just doesn't work.
Cut your Losers short and let your Winners run.
  • #3,105
  • May 31, 2018 9:21am May 31, 2018 9:21am
Quoting dee50
{quote} Ger30 CFD. Not the same price as FDAX or FDXM. The offset is random during a session, it can range from a couple of points upto 30 points, it will differ between brokers, we had a look at this a couple of years ago and found only 1 broker that had the same price as the Futures index, can't remember which one. Makes no difference to your trading unless you are trying to follow Futures and trade on Forex that just doesn't work.
Hi, man from southern Spain & thanks for having a go !

Actually, the futures price offset was not my question (futures offset is largest immediately after the new contract roll, typically 3 months out, then slowly converges towards the cash price as the futures delivery gets closer to today so there is not an interest differential; logical, in fact).

I am asking if the Ger30 CFD is offset from the DAX Cash Index at the Deutsche Borse &, if so, why ?

It may make a difference to the dastardly scheme I am formulating...
  • #3,106
  • May 31, 2018 10:42am May 31, 2018 10:42am
Quoting jtrade
{quote} Hi, man from southern Spain & thanks for having a go ! Actually, the futures price offset was not my question (futures offset is largest immediately after the new contract roll, typically 3 months out, then slowly converges towards the cash price as the futures delivery gets closer to today so there is not an interest differential; logical, in fact). I am asking if the Ger30 CFD is offset from the DAX Cash Index at the Deutsche Borse &, if so, why ? It may make a difference to...
Sorry I obviously did not make myself clear enough according to the brokers we spoke to. GER30 is calculated from the FDAX 08.00 - 22.00
I am asking if the Ger30 CFD is offset from the DAX Cash Index at the Deutsche Borse so the answer is Yes, by varying amounts during the course of a session depending on which broker, as to why? Don't know, the brokers would not even say why their prices did not match xetras.
xetra recalculates prices from D Borse every 1second so FDAX is 1 second behind the cash price, what the delay is on GER30 is anyones guess.

Good Luck with your Dastardly Scheme
Cut your Losers short and let your Winners run.
  • #3,107
  • Edited Jun 1, 2018 2:43am May 31, 2018 11:02am | Edited Jun 1, 2018 2:43am
Thanks, dee, I wish I could understand how the Ger30 can be calculated from the FDAX : if it was, then surely the price differential wouldn't converge towards contract expiration... (rhetorical question : I will ask my broker and report back).

Edit : Haha... I should have just listened to dee50 and left it that One broker says the cash index, the other says the futures, neither is able to explain offset calculation. Now why was I asking the darned question... !?
  • #3,108
  • May 31, 2018 11:11am May 31, 2018 11:11am
Quoting jtrade
Thanks, dee, I wish I could understand how the Ger30 can be calculated from the FDAX : if it was, then surely the price differential wouldn't converge towards contract expiration... (rhetorical question : I will ask my broker and report back).
Just trade the NQ JT
  • #3,109
  • Edited 11:55am Jun 1, 2018 4:00am | Edited 11:55am
I've just exited 12 units Ger30 @ 12710 from yesterday (lowest & largest entry 12650) after totally screwing up my trade management in the afternoon. My "Escape with a profit" file is becoming larger than it should be.

But I like this trading style & have just requested a second CFD account so I don't mix long & short positions on the same account (ref comment in my post # 3080) : I think it should be possible to hedge large moves against the "Scale"position when needed,

Possibly nonsense, but I am pursuing this work in process for the moment. ...

Quoting Divergence
{quote} Just trade the NQ JT
Ahoy, Captain H

It's a different approach here and more time intensive (although not trade intensive) for sure, but I feel my days of micro-managing small trades are coming to an end. Remember I was posting from Switzerland during my ski trip in February last year ? I paid the whole thing in 4 days trading your style on the NQ for about 30 minutes every afternoon after I got off the mountain (I was trading a 4 lot). The market was kind to me and it was ideal, but it isn't always like that and Brixen here is on another level imho. I don't presently have deep enough pockets to use only futures and I am trying to introduce a hedging component that will in itself be net profitable, so let's see... (& as you know, my main focus is during the European morning).

In the meantime, you stay healthy & keep knocking it out of the park

PS. Just came across a GREAT quote regarding intraday trading from an ES futures trader I really respect :

Quote
If you have to bail at 3 -5* points to stay in the game, you are playing the wrong game.

* 3-5 ES pts = 12 - 20 ticks.
  • #3,110
  • Jun 1, 2018 4:33pm Jun 1, 2018 4:33pm
Quoting jtrade
I've just exited 12 units Ger30 @ 12710 from yesterday (lowest & largest entry 12650) after totally screwing up my trade management in the afternoon. My "Escape with a profit" file is becoming larger than it should be. But I like this trading style & have just requested a second CFD account so I don't mix long & short positions on the same account (ref comment in my post # 3080) : I think it should be possible to hedge large moves against the "Scale"position when needed, Possibly nonsense, but I am pursuing this work in process for the moment. ......
Just treat it like buying shares , small lots. need to move bumpy to futures market as the overnight fees are rediculous on cfd. With current open positions about $500 in fees.
  • #3,111
  • Jun 2, 2018 12:57pm Jun 2, 2018 12:57pm
Quoting Pip-Miner
{quote} Just treat it like buying shares , small lots. need to move bumpy to futures market as the overnight fees are rediculous on cfd. With current open positions about $500 in fees.
Agree the overnight fee on the CFD is a drag... but that approx €3 round trip commission on every FDXM adds up too (& I do not normally intend to hold overnight).

I have to stick with the Ger30 awhile longer as my Live "development phase" requires small size; switching to FDXM will require a larger account as I think the possibility for at least 10 units is needed. I think the 3 month (probably will become permanent) trial of the forthcoming ESMA rule changes is going to increase FX and CFD margins by about 10x, making the futures a better option for European traders.

The other thing about the FDXM contract is that I remember only about 18 months ago posting that I hoped it would eventually become the "European NQ" - back then it was struggling to make 5,000 contracts/day. Yesterday, 36,220 contracts traded - I think one day it might even overtake FDAX (101,168 yesterday).
  • #3,112
  • Jun 3, 2018 2:25pm Jun 3, 2018 2:25pm
DUCATI : BEST MOTORBIKES IN THE WORLD TODAY IN MUGELLO AUTODROME MOTO GP RACE!!
1st and 2nd place, no chance for japan motorbikes this sunday....

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I call upon my father's spirit , watching over me
  • #3,113
  • Jun 3, 2018 4:13pm Jun 3, 2018 4:13pm
Quoting Brixen
DUCATI : BEST MOTORBIKES IN THE WORLD TODAY IN MUGELLO AUTODROME MOTO GP RACE!! 1st and 2nd place, no chance for japan motorbikes this sunday.... {image}
The panigale v4 is a beauty I want one
Inserted Video
  • #3,114
  • Jun 3, 2018 6:23pm Jun 3, 2018 6:23pm
Brixen - surely not better than this Royal Enfield

https://encrypted-tbn0.gstatic.com/i...xXZJgYBYXV7hCG
  • #3,115
  • Jun 3, 2018 11:15pm Jun 3, 2018 11:15pm
Quoting handy148
Brixen - surely not better than this Royal Enfield {image}

resend of the Panigale v4
http://www.motorcycle.com/manufactur...-speciale.html
  • #3,116
  • Jun 4, 2018 12:26am Jun 4, 2018 12:26am
Quoting Pip-Miner
{quote} The panigale v4 is a beauty I want one http://youtu.be/Kvou-u4WHWA
I will back in Brixen Alps starting from 2nd week of july..so I will go through Bologna Autoroute close to Borgo Panigale.
I will send you a red one for you, but I guess there are many officials DUCATI dealers in Australia!
I call upon my father's spirit , watching over me
  • #3,117
  • Jun 4, 2018 12:27am Jun 4, 2018 12:27am
Quoting handy148
Brixen - surely not better than this Royal Enfield {image}
a pure classic masterpiece....amazing handy!!!!!
I call upon my father's spirit , watching over me
  • #3,118
  • Jun 4, 2018 12:34am Jun 4, 2018 12:34am
BACK TO TRADING BOYS!!!!!

The wild horse will wake up in 30 min and will open around friday's high 770/760.
820 zone for FDAX/FDXM to close last week gap while 700 psychological support. I will post my early levels later ...I'm a little bit lazy this morning.

as usual Trump + Italy excuses for dips while we are approaching June expirations in 3rd week of June.

Good luck for you and for me.
I call upon my father's spirit , watching over me
  • #3,119
  • Jun 4, 2018 1:41am Jun 4, 2018 1:41am
Quoting Brixen
BACK TO TRADING BOYS!!!!! The wild horse will wake up in 30 min and will open around friday's high 770/760. 820 zone for FDAX/FDXM to close last week gap while 700 psychological support. I will post my early levels later ...I'm a little bit lazy this morning. as usual Trump + Italy excuses for dips while we are approaching June expirations in 3rd week of June. Good luck for you and for me.
Above 770:no chance for shorts, while below 770 till 745 could be a decent dip to buy something.
FDAX M20 chart update 8:40 CET

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I call upon my father's spirit , watching over me
  • #3,120
  • Jun 4, 2018 1:56am Jun 4, 2018 1:56am
waiting 9CET candle to start in 5 min

placed some longs orders below 800 and some shorts above 840....probably we'll see some spikes
I call upon my father's spirit , watching over me
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