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DAX Futures December 2019

  • #2,141
  • Nov 19, 2019 10:16am Nov 19, 2019 10:16am
Again 195 bought 1FDAX now
I call upon my father's spirit , watching over me
  • #2,142
  • Nov 19, 2019 10:23am Nov 19, 2019 10:23am
Hi,

Bloody roller coaster , was expecting it , 5th wave from the daily, subdivides 5 waves each subdividing 3-3-3-3-3, i took 60 pips from the corrective C wave when i realised it was not going to break that support low.


I keep telling my self not to trade corrective waves but i guess i like the challenge,

If im correct and this is the 5th daily wave then currently price is sitting on support after 3 up and back down to test then another huge up wave coming , at least thats how it should work.


Good luck anyway
Follow The Markets Structure - Patience and Discipline
  • #2,143
  • Nov 19, 2019 10:39am Nov 19, 2019 10:39am
Quoting Brixen
Again 195 bought 1FDAX now
245 closed now 1FDAX 195 + together with ALL intarday positions 229 +5ovnight 259
I call upon my father's spirit , watching over me
  • #2,144
  • Nov 19, 2019 10:41am Nov 19, 2019 10:41am
Quoting pipfarm
Hi, Bloody roller coaster , was expecting it , 5th wave from the daily, subdivides 5 waves each subdividing 3-3-3-3-3, i took 60 pips from the corrective C wave when i realised it was not going to break that support low. I keep telling my self not to trade corrective waves but i guess i like the challenge, If im correct and this is the 5th daily wave then currently price is sitting on support after 3 up and back down to test then another huge up wave coming , at least thats how it should work. Good luck anyway
And good luck I have! Pipfarm you are my lucky charm, together with some other friend here!
I call upon my father's spirit , watching over me
  • #2,145
  • Nov 19, 2019 10:45am Nov 19, 2019 10:45am
Quoting Brixen
{quote} 245 closed now 1FDAX 195 + together with ALL intarday positions 229 +5ovnight 259
+50 pips FDAX=+250 pips FDXM
+12 pips x9 FDXM 229,5=+109 pips FDXM
-15 pips x 5FDXM 259=-75 pips FDXM
I call upon my father's spirit , watching over me
  • #2,146
  • Nov 19, 2019 10:46am Nov 19, 2019 10:46am
I have 14FDXM long ovnight 259,5 but I'm buying something here 220 zone
I call upon my father's spirit , watching over me
  • #2,147
  • Nov 19, 2019 10:47am Nov 19, 2019 10:47am
Quoting Brixen
I have 14FDXM long ovnight 259,5 but I'm buying something here 220 zone
215 now bought 2 FDXM ovnight
I call upon my father's spirit , watching over me
  • #2,148
  • Nov 19, 2019 10:50am Nov 19, 2019 10:50am
Quoting Brixen
{quote} 215 now bought 2 FDXM ovnight
Now I have 16FDXM long ovnight 253 and time until 20 december to close my positions.
Roughly +400 pips FDXM gained today so far.

I'm good now, better than an hour ago!
I call upon my father's spirit , watching over me
  • #2,149
  • Nov 19, 2019 10:57am Nov 19, 2019 10:57am
Quoting pipfarm
Hi, Bloody roller coaster , was expecting it , 5th wave from the daily, subdivides 5 waves each subdividing 3-3-3-3-3, i took 60 pips from the corrective C wave when i realised it was not going to break that support low. I keep telling my self not to trade corrective waves but i guess i like the challenge, If im correct and this is the 5th daily wave then currently price is sitting on support after 3 up and back down to test then another huge up wave coming , at least thats how it should work. Good luck anyway
I will reply later Pipfarm. Only 1 thing, may and june 2018 highs 13180 held even today! Obviously I could be wrong, but they are playing a big game here.
I will not surprise to watch 13550 next days/weeks....always ready to change my idea!
I call upon my father's spirit , watching over me
  • #2,150
  • Nov 19, 2019 11:00am Nov 19, 2019 11:00am
Quoting Brixen
{quote} I will reply later Pipfarm. Only 1 thing, may and june 2018 highs 13180 held even today! Obviously I could be wrong, but they are playing a big game here. I will not surprise to watch 13550 next days/weeks....always ready to change my idea!

Hang in there my friend you can do it.
Follow The Markets Structure - Patience and Discipline
  • #2,151
  • Nov 19, 2019 11:05am Nov 19, 2019 11:05am
Quoting Brixen
{quote} I will reply later Pipfarm. Only 1 thing, may and june 2018 highs 13180 held even today! Obviously I could be wrong, but they are playing a big game here. I will not surprise to watch 13550 next days/weeks....always ready to change my idea!
13.500 is a Weekly POC level from 2018 end. My target too. (if Trump will be kind to the Chinese)

Expect The Unexpected!
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,152
  • Nov 19, 2019 11:15am Nov 19, 2019 11:15am
Quoting pipfarm
{quote} Hang in there my friend you can do it.
I don't know what it will be, no-one knows, but volatility and uncertainty will probably produce big swings from one side to another.
Anyway I don't want fall in love with any idea......mine included, but I respect every ideas here, specially those of great, consistent and solid trader as you, Dutchy and PipMiner, Islander.

Today they fooled me but I resisted ..at least so far!

Thanks again for your encouraging words.
I call upon my father's spirit , watching over me
  • #2,153
  • Nov 19, 2019 11:16am Nov 19, 2019 11:16am
Quoting Brixen
{quote} Now I have 16FDXM long ovnight 253 and time until 20 december to close my positions. Roughly +400 pips FDXM gained today so far. I'm good now, better than an hour ago!
while I wrote, 197, 199 and 202 were triggered
I call upon my father's spirit , watching over me
  • #2,154
  • Nov 19, 2019 11:17am Nov 19, 2019 11:17am
Quoting Brixen
{quote} while I wrote, 197, 199 and 202 were triggered
Now I have 19FDXM 244 LONG OVNIGHT.

217 is today DAX Future settlement price. I can manage my positions, waiting for tomorrow.
I will reduce something tonight only around/above 230/240 zone.
I call upon my father's spirit , watching over me
  • #2,155
  • Nov 19, 2019 11:21am Nov 19, 2019 11:21am
Quoting Dutchy Daxy
{quote} 13.500 is a Weekly POC level from 2018 end. My target too. (if Trump will be kind to the Chinese) Expect The Unexpected!
Hey Dutchy, which is your target if Mr Trump will not be kind?...........
I call upon my father's spirit , watching over me
  • #2,156
  • Nov 19, 2019 11:29am Nov 19, 2019 11:29am
Quoting Brixen
{quote} Hey Dutchy, which is your target if Mr Trump will not be kind?...........
Down 3% to 4% correction.

China is not in a hurry to sign. They want the import tariffs from the table. Thats Trumps only leverage.

volatility and uncertainty will probably produce big swings from one side to another.

Very likely with US markets on rec highs and continuing trade war trouble.
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,157
  • Nov 19, 2019 11:31am Nov 19, 2019 11:31am
Quoting Dutchy Daxy
{quote} Down 3% to 4% correction. China is not in a hurry to sign. They want the import tariffs from the table. Thats Trumps only leverage. {image}
Yes, 12800 another big level to play. So let's say 12800/13550 big game here! We are in the middle now, more or less.
Thanks Dutchy D.
I call upon my father's spirit , watching over me
  • #2,158
  • Nov 19, 2019 11:40am Nov 19, 2019 11:40am
Quoting Brixen
{quote} Yes, 12800 another big level to play. So let's say 12800/13550 big game here! We are in the middle now, more or less. Thanks Dutchy D.

You should prepare yourself mentaly Brixen,

Before Duchy posted his chart i had a second option, that correction i was trading did seem bit short, and i have seen this happen before, take the short out take the longs out then carry on correction, its called a irregular correction where the B is higher than the A, Dutchy chart concurs with both my analysis,

i would like to keep positive here and hope the first option is the right one.
Follow The Markets Structure - Patience and Discipline
  • #2,159
  • Nov 19, 2019 12:54pm Nov 19, 2019 12:54pm
Quoting pipfarm
{quote} You should prepare yourself mentaly Brixen, Before Duchy posted his chart i had a second option, that correction i was trading did seem bit short, and i have seen this happen before, take the short out take the longs out then carry on correction, its called a irregular correction where the B is higher than the A, Dutchy chart concurs with both my analysis, i would like to keep positive here and hope the first option is the right one.
OK understood, but for now my focus is on short term to try to understand if tonight/tomorrow uptrend can restart from here or not.
DAX Futures chart 19:50 CET here below:220 zone resistance, 180 zone support for now.
Attached Image (click to enlarge)
Click to Enlarge Name: FDAXDECM20.png Size: 23 KB
I call upon my father's spirit , watching over me
  • #2,160
  • Nov 19, 2019 1:03pm Nov 19, 2019 1:03pm
20CET update: I have 19FDXM long ovnight 13244 and +406 pips FDXM gained so far today.
Should I stay or should I go for tonight?
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I call upon my father's spirit , watching over me
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