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DAX Futures June 2018

  • #3,221
  • Jun 5, 2018 8:42am Jun 5, 2018 8:42am
Quoting jtrade
{quote} Bravo, Signor Houdini
830/840 zone is the key now...if break down bloodbath for longs, but if it holds tomorrow we'll see 13000, not sure but probably
I call upon my father's spirit , watching over me
  • #3,222
  • Jun 5, 2018 8:44am Jun 5, 2018 8:44am
Quoting Brixen
{quote} 2FDAX closed 859,5 from 854 and 7FDXM closed from 859,5 I have only 3FDXM long 859,5
886 in this moment:closed 2FDXM from 859,5
I call upon my father's spirit , watching over me
  • #3,223
  • Jun 5, 2018 8:47am Jun 5, 2018 8:47am
Quoting Brixen
{quote} 886 in this moment:closed 2FDXM from 859,5
+27,5 pips FDXM x 2=+55 pips FDXM=+11 pips FDAX

only 1FDXM 859
I call upon my father's spirit , watching over me
  • #3,224
  • Jun 5, 2018 8:50am Jun 5, 2018 8:50am
Quoting Brixen
{quote} +27,5 pips FDXM x 2=+55 pips FDXM=+11 pips FDAX only 1FDXM 859
stop placed at be 859 and target 899 for my last FDXM long, current 886.....
I call upon my father's spirit , watching over me
  • #3,225
  • Jun 5, 2018 9:04am Jun 5, 2018 9:04am
Quoting Brixen
{quote} stop placed at be 859 and target 899 for my last FDXM long, current 886.....
target reached seconds ago at 899:+40 pips FDXM=+8 pips FDAX

F L A T
I call upon my father's spirit , watching over me
  • #3,226
  • Jun 5, 2018 9:07am Jun 5, 2018 9:07am
OK, after some heartbeat in last hour I prefer to close early my daytrade:+8,5+5+8,5+5+6+9-1+11+8=TOTAL +60 pips FDAX.
I call upon my father's spirit , watching over me
  • #3,227
  • Jun 5, 2018 10:06am Jun 5, 2018 10:06am
Quoting Brixen
Big mess on goign for me: 10FDXM 859,5 and 2FDAX 854, current 828...
B - hypothetically, supposing at 828 the market went on down to close at 728, then headed down further tomorrow, as the DAX can.

May I please ask how you would deal with such a situation ? Would you attempt to enter / exit every pullback to keep reducing the average price of your short 4 x FDAX (equivalent), or would you just hold on the basis that "a large DD will occasionally occur" & just accept it ?

You have referred to an earlier bloodbath or two, but I have never witnessed one, whereas I have on several occasions witnessed you having a very good day with Longs only while the market stair-stepped its way steadily downwards throughout the session !
  • #3,228
  • Jun 5, 2018 10:32am Jun 5, 2018 10:32am
Quoting jtrade
Short 761 FDXM Sold 2 more 782, so 3 short @ 775 & now FDAX long from 797 followed by 2 more FDXM short @ 802, so 5 short 786, fully hedged from 797 Comment to follow... this is full position from my August trading plan (5 x FDXM covered by 1 x FDAX), so next action will be to remove hedge (&, btw, this is in sim, as I can't use Ger30 to do this live). The trouble with switching to sim is that it is too easy to take risks that I would never do Live (= I am now scalping the FDAX contract in both directions); I am going to try to stick to this for...
Holy Moly - just closed out this simulated disaster at +€222.50 (totally unrealistic, of course, as in a Live acount I would never have held the DD, which reached slightly over €10k at one point as I held 1 x FDAX short, in addition to the 5 x FDXM). But at least I have crossed one more item off the test list.
  • #3,229
  • Jun 5, 2018 10:43am Jun 5, 2018 10:43am
Quoting jtrade
{quote} B - hypothetically, supposing at 828 the market went on down to close at 728, then headed down further tomorrow, as the DAX can. May I please ask how you would deal with such a situation ? Would you attempt to enter / exit every pullback to keep reducing the average price of your short 4 x FDAX (equivalent), or would you just hold on the basis that "a large DD will occasionally occur" & just accept it ? You have referred to an earlier bloodbath or two, but I have never witnessed one, whereas I have on several occasions witnessed you having...
this was post #2006 (DAX futures March 18 journal) and as you can see there was a terrible bloodbath on monday 5 feb, it was the last I had:
"and done also my ROLLERCOASTER week
mon, before bloodbath:+84 pips
mon bloodbath:-784 pips
mon, after bloodbath:+76 pips
tue:+275,5 pips
wed:+125 pips
yd:+80,5 pips
today:+147 pips
TOTAL:+3,5 pips FDAX"
I call upon my father's spirit , watching over me
  • #3,230
  • Jun 5, 2018 11:36am Jun 5, 2018 11:36am
Quoting jtrade
{quote} B - hypothetically, supposing at 828 the market went on down to close at 728, then headed down further tomorrow, as the DAX can. May I please ask how you would deal with such a situation ? Would you attempt to enter / exit every pullback to keep reducing the average price of your short 4 x FDAX (equivalent), or would you just hold on the basis that "a large DD will occasionally occur" & just accept it ? You have referred to an earlier bloodbath or two, but I have never witnessed one, whereas I have on several occasions witnessed you having...
this is an hypohtethical talk, anyway if market went down as you said from 830 till 730 I would have 3 options:
1. lower entry price and exit most positions every rise in the prices(this is an ultrafast action not easy to do) and taking also some soft losses;
2. shift all positions from intraday to overnight (more margin call needed) and waiting daily settlement Eurex price (17:30 CET) to better evaluate next 24 hrs;
3. use last day/days profits to mitigate the losses.
I call upon my father's spirit , watching over me
  • #3,231
  • Jun 6, 2018 12:47am Jun 6, 2018 12:47am
It was another rollercoaster daytrade yd...as usual.
8CET Eurex open will be around 800.
These are my early morning levels on FDAX M20 chart.

Attached Image (click to enlarge)
Click to Enlarge Name: FDAX6june18M20.png Size: 32 KB
I call upon my father's spirit , watching over me
  • #3,232
  • Jun 6, 2018 1:18am Jun 6, 2018 1:18am
803 just bought 3FDXM
I call upon my father's spirit , watching over me
  • #3,233
  • Jun 6, 2018 1:27am Jun 6, 2018 1:27am
Quoting Brixen
803 just bought 3FDXM
FDAX M20 chart update: 815 till 830 super strong resistance...but if market will break up > straight to 880 zone.
while below 830/815 we'll probably retest yd lows
as usual I made my choice...we'll see

Attached Image (click to enlarge)
Click to Enlarge Name: FDAX6june18M20.png Size: 34 KB
I call upon my father's spirit , watching over me
  • #3,234
  • Jun 6, 2018 1:52am Jun 6, 2018 1:52am
Quoting Brixen
803 just bought 3FDXM
795 added 1FDXM seconds ago
I call upon my father's spirit , watching over me
  • #3,235
  • Jun 6, 2018 1:54am Jun 6, 2018 1:54am
Quoting Brixen
{quote} 795 added 1FDXM seconds ago
4FDXM long 801
I call upon my father's spirit , watching over me
  • #3,236
  • Edited 2:35am Jun 6, 2018 2:23am | Edited 2:35am
Back in single lot scalp mode this morning, short 809, rev long 808 (and a Bund scalp, but Bund in sim; Edit : Bund chart alongside DAX chart is a distraction for me at the present time, so bye bye Bundy).

So much for scalp mode...., another order waiting around yesterday close consolidation area :

Attached Image
  • #3,237
  • Jun 6, 2018 2:29am Jun 6, 2018 2:29am
Quoting Brixen
{quote} 4FDXM long 801
785 bought 2FDXM now
I call upon my father's spirit , watching over me
  • #3,238
  • Jun 6, 2018 2:30am Jun 6, 2018 2:30am
Quoting Brixen
{quote} 785 bought 2FDXM now
6FDXM 795,5
I call upon my father's spirit , watching over me
  • #3,239
  • Jun 6, 2018 2:32am Jun 6, 2018 2:32am
Quoting Brixen
{quote} 6FDXM 795,5
775 add another one
I call upon my father's spirit , watching over me
  • #3,240
  • Jun 6, 2018 2:34am Jun 6, 2018 2:34am
Quoting Brixen
{quote} 775 add another one
7FDXM long 792,5
I call upon my father's spirit , watching over me
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