DAX Futures June 2019

+18,5 pips FDXM

FLAT

No need to risk anymore for today.
I got what I wanted.
Deleted all orders.

Done for today:+69,5+25+3,5+7,5+18,5=TOTAL+124 pips FDXM.

Hi Brixen,

Been following your journals since March. Thanks for sharing and Nice results

Honestly I did not study your older journals so my question might have an answer in them, but how do you manage when the markets turns quickly against you (for 2 levels for example) and does not seem retracing back?
Mike

Hi Alke,
I have no exact answer to your question, because there's no pre-built reply for bad market phases and it depends of different market situations I have to face.
Anyway I try to explain in short what I've done so far in bad situations:
1. add to lower my entry price (if long) or viceversa if I'm short + reduce my positions, but I must be FAST!!!!!!!!;
2. the same point 1 + close my positions and take soft losses + restart from below zero my day;
3. shift my positions from intraday to overnight: time often will help and logic of one daytrade may change next day/days, at least for a while and so I will try to exit;
4. worst case scenario: I take hard losses and I restart from zero, luckily last one was early february 2018;
5. I can say that almost always market give you a chance to exit with breakeven or soft losses, but you must act in fast way and take the chance;
6. almost 1/3rd of my net gains are saved for worst case scenario/worst days. This make me more calm when I have to keep cold my nerves.
7. I have shifted my trading from FDAX to FDXM in last months and this make me more calm when I have to keep cold my nerves.
8. NO EXACT SCIENCE here!!!!!!!!!!!
Good luck for you, for me and for all traders here!

One my favourite players Roberto Baggio

Great player indeed.
He always had difficult relation with every coach in his career, and often he is remembered for his fatal penalty mistake at 1994 World Cup Final against Brasil...

FDAX chart for today.
I'm a buyer again 66../64..zone for 700 zone (1st target) and then 730 zone/above.
German ZEW data 11CET could be an excuse for wild market move.
Strict narrow ranges usually don't last too long for this wild horse........

668 triggered now

I need a strong coffee this morning...my kids didn't let me sleep well last night!
better 1 min and 38 sec RAMONES sound to wake up........

I'm not able to add lower my entry price for now.....I hold 2FDXM 668

667 added seconds ago 1FDXM

I have 3FDXM 667,6

We could stay here 670 zone until German ZEW data.....explosion is on the cards but I don't know exact direction and when.
I must be ready for both moves......

As I wrote they go to the upside....I'm closing something 690/700 zone

694 now:closed 1FDXM 667,6

+26,5 pips FDXM

Now I have 2FDXM 667,6

697 now:closed another FDXM 667

+29,5 pips FDXM