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DAX Futures March 2020

  • #2,041
  • Feb 28, 2020 12:54pm Feb 28, 2020 12:54pm
Quoting Brixen
{quote} I have 2FDXM JUNE long ovnight 11780
848 seconds ago reduced from 2 to 1FDXM my JUNE positions
I call upon my father's spirit , watching over me
  • #2,042
  • Feb 28, 2020 12:54pm Feb 28, 2020 12:54pm
Quoting Brixen
{quote} 848 seconds ago reduced from 2 to 1FDXM my JUNE positions
+68 pips FDXM.
I hold only 1FDXM JUNE.
I call upon my father's spirit , watching over me
  • #2,043
  • Feb 28, 2020 12:58pm Feb 28, 2020 12:58pm
Quoting Brixen
{quote} 848 seconds ago reduced from 2 to 1FDXM my JUNE positions
I am in ask at 900 zone at the close for my last FDXM 780.
I call upon my father's spirit , watching over me
  • #2,044
  • Feb 28, 2020 1:00pm Feb 28, 2020 1:00pm
Quoting Brixen
{quote} I am in ask at 900 zone at the close for my last FDXM 780.
CLOSED NOW AT 927 from 780
I call upon my father's spirit , watching over me
  • #2,045
  • Feb 28, 2020 1:01pm Feb 28, 2020 1:01pm
Quoting Brixen
{quote} CLOSED NOW AT 927 from 780
+147 pips FDXM.
I call upon my father's spirit , watching over me
  • #2,046
  • Feb 28, 2020 1:03pm Feb 28, 2020 1:03pm
Done my day:+68+147=TOTAL 215 pips FDXM JUNE.
These gains will be counted on my next JUNE DAX Futures journal.
I call upon my father's spirit , watching over me
  • #2,047
  • Feb 28, 2020 1:09pm Feb 28, 2020 1:09pm
This is what triggered the recovery 1 hour before US close and forget for a while CoronaVirus problems.....
Attached Image (click to enlarge)
Click to Enlarge Name: Powell.PNG Size: 543 KB
I call upon my father's spirit , watching over me
  • #2,048
  • Feb 28, 2020 1:21pm Feb 28, 2020 1:21pm
Quoting Brixen
I will buy something only on FDXM JUNE Futures below 800 zone, better say well below 800 zone, around US close. Current prices are 820 for FFDXM MARCH and 830 for FDXM JUNE.
I don't understand the use of the june expiry.

PS: You could not resist!
  • #2,049
  • Feb 28, 2020 1:30pm Feb 28, 2020 1:30pm
Quoting Caiuss
{quote} I don't understand the use of the june expiry. PS: You could not resist!
1. MARCH Future gave me what I wanted, It's done and gone for me.
2. Powell statement helped my last minutes long, but nothing was sure 40 minutes ago, even another free fall at close was always int he cards.
So in worst case scenario I'd held my positions for a long time.
3. Volumes were unusually high for a far away expiration.
4. It's time to start new journal on new expiration.....with some gains in advance.
I call upon my father's spirit , watching over me
  • #2,050
  • Feb 28, 2020 1:44pm Feb 28, 2020 1:44pm
OK I get it. Interesting way to look at it.

I'll take some time off. Today was exhausting and the weekend will help restoring mental sanity and spend some quality time with my family that has been neglected all week long.

Have a nice weekend. See you on monday (I hope).

Caiuss.
  • #2,051
  • Mar 1, 2020 1:33am Mar 1, 2020 1:33am
DAX CASH INDEX (DAX Futures prices are not suitable for long period time analysis) on last August 2019 when US/China were at odds for the Economic deal.
Lows exactly on mid August holiday at midday!!!!
11900 zone is the 50% retracement since Trump election 9 nov 2016.
Attached Image (click to enlarge)
Click to Enlarge Name: DAXD1.png Size: 28 KB

Attached Image (click to enlarge)
Click to Enlarge Name: FIBOtool.PNG Size: 13 KB
I call upon my father's spirit , watching over me
  • #2,052
  • Mar 1, 2020 1:44am Mar 1, 2020 1:44am
Quoting karuner
{quote} Very interested in what you are experimenting.. I believe your style can be projected on a higher timeframe very well, but better with a smaller instrument (CFD instead of FDAX/FDXM). Also, only long trades then. Also – if it's not to be a secret – would be interested, what business field will your son start a business? Startup in IT?
1. No Karuner, these days and probably next days/weeks only smaller TFs probably can save poor intraday traders as us.
When in 5/10 minutes markets move 100 pips and more, with spikes that clear every traditional stop loss, there's no chance to survive in traditional way with usual sizes and usual way of trading. Exceptional times need exceptional way of trading.
Obviously higher TFs give you a wider look at what's going on, but during the day it's another story, with these crazy ups & downs.
2. Real estate, specially from abroad customers, but not in SudTirol. But probably not the exact time these days to start for him. We'll see.....
I call upon my father's spirit , watching over me
  • #2,053
  • Mar 1, 2020 6:38am Mar 1, 2020 6:38am
Quoting Brixen
... so taking into account in what a mess we are living I better focus on experimenting something different on trading because my trading style could be difficult to replay when I become older and probably not so fast/smart as today...
Hi, B - I occasionally look into your threads & reading the above sure brought a smile to my face . My guess is that your method would work fine on Daily charts : the issue is primarily position / account size. Something tells me you've worked this all out already...

I'm finally planning my escape from Alcatraz - sorry, The Netherlands - and will be meeting friends in Italy in May to look at a couple of properties just north of the Maremma. One of these days, I''ll take the Brenner Pass, instead of transiting through Switzerland, & buy you lunch on the way down (it better be a weekend...).

Keep it goin'...
  • #2,054
  • Mar 1, 2020 11:45am Mar 1, 2020 11:45am
Quoting jtrade
{quote} Hi, B - I occasionally look into your threads & reading the above sure brought a smile to my face . My guess is that your method would work fine on Daily charts : the issue is primarily position / account size. Something tells me you've worked this all out already... I'm finally planning my escape from Alcatraz - sorry, The Netherlands - and will be meeting friends in Italy in May to look at a couple of properties just north of the Maremma. One of these days, I''ll take the Brenner Pass, instead of transiting through Switzerland, &...
Hi jtrade, happy to see you here again. I hope all well for you in the Netherlands. Maybe a little bit boring during the winter but always a great land.
We'll probably have less tourists next summer here...but seas. lakes, hills & mountains will be always the same and wonderful, while the food will not be offset by this bad disease!!!
1. If you mean intraday I agree with you, but if you mean trading on Daily basis, I'm not able anymore to follow a position for more than 1 day or 2 and only if I am forced to hold my position overnight.
My experiment on my next JUNE Future journal will be only on intraday base as this one here below I'm studying from time to time.
Few trades, let's say 1FDXM/FDAX or max 2 per day, an acceptable drawdown during the day, and a decent profit (or slight loss) at the end of the day. That's all!
Attached Image (click to enlarge)
Click to Enlarge Name: FEB2020.PNG Size: 54 KB
I call upon my father's spirit , watching over me
  • #2,055
  • Mar 1, 2020 10:33pm Mar 1, 2020 10:33pm
DAX Futures MARCH chart for today here below.
Attached Image (click to enlarge)
Click to Enlarge Name: FDAXMARCHM20.png Size: 32 KB
I call upon my father's spirit , watching over me
  • #2,056
  • Mar 1, 2020 10:50pm Mar 1, 2020 10:50pm
Some buy orders placed 900 zone and above for March and for June expirations until 9CET
I call upon my father's spirit , watching over me
  • #2,057
  • Mar 1, 2020 11:43pm Mar 1, 2020 11:43pm
12008 was last friday's high for DAX CASH INDEX. So let's say 12000 for FDAX March prices.
I call upon my father's spirit , watching over me
  • #2,058
  • Mar 1, 2020 11:54pm Mar 1, 2020 11:54pm
Quoting Brixen
Some buy orders placed 900 zone and above for March and for June expirations until 9CET
Probably 12k will hold as support zone. Anyway I hold my buy orders as previously indicated in case of decent retracement later, otherwise AMEN.
Now markets are focusing on US FED move + some other Central Banks.
ECB can'd do nothing is already below zero, only US can do something for cheap money for BigSharks waiting around....
I call upon my father's spirit , watching over me
  • #2,059
  • Mar 2, 2020 12:00am Mar 2, 2020 12:00am
Quoting Brixen
{quote} Probably 12k will hold as support zone. Anyway I hold my buy orders as previously indicated in case of decent retracement later, otherwise AMEN. Now markets are focusing on US FED move + some other Central Banks. ECB can'd do nothing is already below zero, only US can do something for cheap money for BigSharks waiting around....
I Brixen and good morning.

I think I agree with the idea that FED easing will not help at all, as this is not a liquidity issue we're dealing with here. There's plenty of money around in the US too. It's just that people are not traveling, spending, going out. We need a vaccine or some medical break-trough for this to be resolved.

What is your toughts?
  • #2,060
  • Mar 2, 2020 12:03am Mar 2, 2020 12:03am
12015 bought 1FDXM MARCH seconds ago
I call upon my father's spirit , watching over me
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