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DAX Futures March 2020

  • #1,821
  • Feb 25, 2020 8:07am Feb 25, 2020 8:07am
Quoting karuner
{quote} thank you, i see what you mean now. but my question now is: why did you expect market to behave more or less the same as on 10 dec?
I don't know, nobody knows, but history repeat itself here, often.
Anyway 10 December was a particular and crucial moment of the year (UK elections, Trump/China pre-agreement, Quarterly expirations) while now we are sailing on dangerous waves of new cases, infected and deaths!!!!
Anyway price tell us everything, sometimes even early than we think!

So let's wait for a break up 970/13010 zone or a possible retest from the above of the historical 880 zone.
Luckily I've probably done my super day and I can watch these moves in more relaxed way than yd!!!!
I call upon my father's spirit , watching over me
  • #1,822
  • Feb 25, 2020 8:15am Feb 25, 2020 8:15am
So done my day:+920,5+144,5+156,5+18,5+30,5=TOTAL +1270,5 pips FDXM.

Tonight great match in Napoli against Barcelona and specially in London, Chelsea vs Bayern.
Anyway the general mood can't be happy with all these bad news around the world, specially here.
Dedicated to all people are suffering these days, don't give up!!
Inserted Video
I call upon my father's spirit , watching over me
  • #1,823
  • Feb 25, 2020 8:27am Feb 25, 2020 8:27am
Quoting Brixen
So done my day:+920,5+144,5+156,5+18,5+30,5=TOTAL +1270,5 pips FDXM. Tonight great match in Napoli against Barcelona and specially in London, Chelsea vs Bayern. Anyway the general mood can't be happy with all these bad news around the world, specially here. Dedicated to all people are suffering these days, don't give up!! https://www.youtube.com/watch?v=IpzKmBCBIQE
Good results. 12900 touched hopefully all way back up now.
  • #1,824
  • Feb 25, 2020 9:18am Feb 25, 2020 9:18am
Quoting Pip-Miner
{quote} Good results. 12900 touched hopefully all way back up now.
Just a check on my data feed. I'm unsure if it is not correct. It touched 12900 now (in fact went trough it). Before in barely touched 12915. Is my feed ok or is it that you "approximated" it roughly.
thank you.
  • #1,825
  • Feb 25, 2020 9:51am Feb 25, 2020 9:51am
Quoting Caiuss
{quote} Just a check on my data feed. I'm unsure if it is not correct. It touched 12900 now (in fact went trough it). Before in barely touched 12915. Is my feed ok or is it that you "approximated" it roughly. thank you.
Approximated- stop losses cleared around that level. Now In free fall. Will stay sidelines until volatility reduces.
  • #1,826
  • Edited 10:41am Feb 25, 2020 10:29am | Edited 10:41am
What a carnage 12799....I had same feelings after 11 set 2001, terrible days, terrible month, all fall down!

Imho only automatic machines/robots/software are trading currently........
I call upon my father's spirit , watching over me
  • #1,827
  • Feb 25, 2020 11:06am Feb 25, 2020 11:06am
Quoting Brixen
What a carnage 12799....I had same feelings after 11 set 2001, terrible days, terrible month, all fall down! Imho only automatic machines/robots/software are trading currently........
Correct. My machines continually shorted. So if there are millions of these things around the place cause collapse.
  • #1,828
  • Feb 25, 2020 11:06am Feb 25, 2020 11:06am
Quoting Brixen
What a carnage 12799....I had same feelings after 11 set 2001, terrible days, terrible month, all fall down! Imho only automatic machines/robots/software are trading currently........
Yes, feels different this time. I'm scalping the micro-es as opposed to the mini today but yes, getting a lot of slippage. When volatility is up, you have to reduce size. That's all.
  • #1,829
  • Feb 25, 2020 11:43am Feb 25, 2020 11:43am
Quoting Brixen
What a carnage 12799....I had same feelings after 11 set 2001, terrible days, terrible month, all fall down! Imho only automatic machines/robots/software are trading currently........
IMHO a well balanced profit taking drop by Big US Boys of an overbought market (DOW anyway) Hit the 27.500 (middle of 27K<>28K)
Nov Monthly POC taken out nicely. Now it becomes intresting on this 28.500 zone.

Its not only Corona. Its an excuse to take profits.

DAX has to follow US .
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,830
  • Feb 25, 2020 11:55am Feb 25, 2020 11:55am
Quoting Pip-Miner
{quote} Correct. My machines continually shorted. So if there are millions of these things around the place cause collapse.
Not millions, maybe 1 Big machine sending many and big orders on main Futures/Indices/FX pairs it's enough to do this dirty job!!!!
I call upon my father's spirit , watching over me
  • #1,831
  • Feb 25, 2020 11:57am Feb 25, 2020 11:57am
Quoting Caiuss
{quote} Yes, feels different this time. I'm scalping the micro-es as opposed to the mini today but yes, getting a lot of slippage. When volatility is up, you have to reduce size. That's all.
That's right or better stop to trade until situation back to normal.
I call upon my father's spirit , watching over me
  • #1,832
  • Feb 25, 2020 12:14pm Feb 25, 2020 12:14pm
Quoting Dutchy Daxy
{quote} IMHO a well balanced profit taking drop by Big US Boys of an overbought market (DOW anyway) Hit the 27.500 (middle of 27K<>28K) Nov Monthly POC taken out nicely. Now it becomes intresting on this 28.500 zone. Its not only Corona. Its an excuse to take profits. DAX has to follow US .
1. We had exaggerate evaluations on many assets since last week, since last thursday to be exact! They need to back to normality.
On trading even margin account for instance for 1FDAX ovnight reached a record nearly 25k euro, while 2/3 years ago 13/14 k euro was enough.

2. The excuse is perfect. Panic among the people in the world is perfect for a storm that in only 3 days bring DAX down for 1000 and more points.
But it could be only 1st part of a tide great magnitude, if they want a perfect crash, as we had not so many years ago 2011, 2009, 2000 and 2001.

3. But not an excuse to take profit, profits were banked 1 , 2 or 3 week ago, or before XMAS. Now ther's no profits, only losses (excluded big shorts in place for usual suspects) .
It's a strong and realistic excuse to reduce the bubble they created. One day they will start again a new cycle starting from reasonable or lower values, one day....

4. At this point of the fall, even previous price levels probably don't care too much, maybe only for a couple of hours or some days. We'll see....

Probably I was too negative but I live surrounded by media and people that have only 1 thing in their head now. Even football is almost dead here with games suspended or played without people! Sad but true !
I call upon my father's spirit , watching over me
  • #1,833
  • Feb 25, 2020 1:16pm Feb 25, 2020 1:16pm
DAX INDEX DAILY chart :just reached 12650 zone, july 2019 and august 2018 previous resistances and now potential support zone.
Attached Image (click to enlarge)
Click to Enlarge Name: DAXD1.png Size: 40 KB
I call upon my father's spirit , watching over me
  • #1,834
  • Feb 25, 2020 1:19pm Feb 25, 2020 1:19pm
There's also the need to hedge one's investments. It's impossible to sell a portfolio. You just beta-hedge it with futures. And with nobody buying, this is what happens.

This is sustained sell-off. No time given to take a breadth. In a sense... scary because it's just 2 days (and 2 days before of light correction). 9 months deleted in two days !
  • #1,835
  • Feb 25, 2020 1:20pm Feb 25, 2020 1:20pm
Quoting Brixen
DAX INDEX DAILY chart :just reached 12650 zone, july 2019 and august 2018 previous resistances and now potential support zone. {image}
Few buy orders FDXM placed below 650 zone....down to 590 zone, current 659....
I call upon my father's spirit , watching over me
  • #1,836
  • Feb 25, 2020 1:21pm Feb 25, 2020 1:21pm
Quoting Brixen
{quote} Few buy orders FDXM placed below 650 zone....down to 590 zone, current 659....
better stay well below some levels...potential crash down in sight
I call upon my father's spirit , watching over me
  • #1,837
  • Feb 25, 2020 1:26pm Feb 25, 2020 1:26pm
Quoting Brixen
{quote} better stay well below some levels...potential crash down in sight
ES leading lower. Dax should follow. I got stopped so many times today cannot count them.
  • #1,838
  • Feb 25, 2020 1:28pm Feb 25, 2020 1:28pm
Quoting Brixen
{quote} better stay well below some levels...potential crash down in sight
647 triggered now
I call upon my father's spirit , watching over me
  • #1,839
  • Feb 25, 2020 1:30pm Feb 25, 2020 1:30pm
Quoting Brixen
{quote} 647 triggered now
639 added now
I call upon my father's spirit , watching over me
  • #1,840
  • Feb 25, 2020 1:31pm Feb 25, 2020 1:31pm
they will search for stops below 27k DOW JONES.....
I call upon my father's spirit , watching over me
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