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DAX Futures June 2020

  • #841
  • Mar 17, 2020 11:59am Mar 17, 2020 11:59am
Quoting portergw
Hope you and your family have a good night, see you in the morning Brixen.
I call upon my father's spirit , watching over me
  • #842
  • Mar 17, 2020 12:38pm Mar 17, 2020 12:38pm
Quoting Brixen
{quote} Last december they bet 1,5 billion on falling market, as normal rational trade, as you called. On March they bet 10 times more billions on what you called "rational expectations", to be clear they bet on hundreds thousands of infected people and on thousands deaths in Europe!
no offense intended, boss.. with "rational" i mean not good or ethical, i mean: based on analysis and evaluation of the situation.
I do not think ethics has a place in market. it would make things even worse.

Quote
My post was only to: 1. give the exact name for these guys, VULTURES, as Collins dictionary second point perfectly indicated (specially when they will celebtrate their huge 2020 gains in their cocktail party); 2. wish them the same they wished to thousands currently suffering or dead people. That's all!!! {image}
it's true. no good people, no doubt. but then again, vultures have their place in nature too..
But let's not forget: many people are selling their stocks now, hoping to buy at a lower price soon. In this sense, many are making profit of this crisis.
Completely different thing to hope that many die, of course, only to make a big profit. In that case all you say i agree with
  • #843
  • Mar 17, 2020 4:39pm Mar 17, 2020 4:39pm
Quoting karuner
{quote} no offense intended, boss.. with "rational" i mean not good or ethical, i mean: based on analysis and evaluation of the situation. I do not think ethics has a place in market. it would make things even worse. {quote} it's true. no good people, no doubt. but then again, vultures have their place in nature too.. But let's not forget: many people are selling their stocks now, hoping to buy at a lower price soon. In this sense, many are making profit of this crisis. Completely different thing to hope that many die, of course, only to make a...
You know that I'm totally disenchanted in this tough financial world, I perfectly know that there's no ethic here and it's a cruel world.

And I'm aware that everybody have made trades and gains on short side these weeks, these days, me included (rare but I shorted sometimes).

But when a person or a Company invest an huge sum (10 times more than their usual bet for billions and billions) and probably celebrate in their cocktail party every day their gains watching increase numbers in infected and deaths cases in Europe, it's totally different from the usual shorts.
And they only deserve the pains of hell for the rest of their life!!!!

I will change my humble opinion,only and if they will donate a significant amount of their gains on new hospitals,ventilators, assistance respiratory machine next days! But they won't!
I call upon my father's spirit , watching over me
  • #844
  • Mar 17, 2020 5:23pm Mar 17, 2020 5:23pm
Quoting Brixen
OK, now time for a fast Mediterranean lunch.......nearly 3 hours after Dutchy lunch
Why you have 2 lunch in 3 hours?
  • #845
  • Mar 17, 2020 5:38pm Mar 17, 2020 5:38pm
Quoting inf3rn0
{quote} Why you have 2 lunch in 3 hours?
No, no It's only a joke with our friend Dutchy Daxy here.
I said Dutchy eat 3 hours before South Europe lunch time (a little bit exagerrated by me to be frank) the same for dinner....
It's only to smile ....a little bit of humour between friends to mitigate these bad times! That's all!

Dutchy is one of the best memebr here on FF, as a trader and as a person! Undisputed truth!
I call upon my father's spirit , watching over me
  • #846
  • Mar 18, 2020 1:43am Mar 18, 2020 1:43am
Quoting Brixen
But when a person or a Company invest an huge sum (10 times more than their usual bet for billions and billions) and probably celebrate in their cocktail party every day their gains watching increase numbers in infected and deaths cases in Europe, it's totally different from the usual shorts. And they only deserve the pains of hell for the rest of their life!!!! I will change my humble opinion,only and if they will donate a significant amount of their gains on new hospitals,ventilators, assistance respiratory machine next days! But they won't!
fully agree, sir and now a fresh start into another trading day
  • #847
  • Mar 18, 2020 2:06am Mar 18, 2020 2:06am
Quoting Brixen
{quote} You know that I'm totally disenchanted in this tough financial world, I perfectly know that there's no ethic here and it's a cruel world. And I'm aware that everybody have made trades and gains on short side these weeks, these days, me included (rare but I shorted sometimes). But when a person or a Company invest an huge sum (10 times more than their usual bet for billions and billions) and probably celebrate in their cocktail party every day their gains watching increase numbers in infected and deaths cases in Europe, it's totally different...
Destruction, Dow suspended
How low do you think the dax will go Brixen before starts going up again
  • #848
  • Mar 18, 2020 2:58am Mar 18, 2020 2:58am
Quoting Pip-Miner
{quote} Destruction, Dow suspended How low do you think the dax will go Brixen before starts going up again
We probably have to take into account some key points:

1.All Europe, specially Italy, is now the focus of this pandemic disease. And US is a ? at the moment.
No Country in the world be immune from this disaster, but if Europe + US will be frozen for next days/next weeks, there will be a world economy stop.
I mean no one will buy a car, a truck, a house, shoes, jewels, all hotels/restaurants/travels stopped,only food and medicines to go ahead + some internet devices to remain alive and connected to the world inside their houses. Markets are digesting this scenario and are eager to have some news when we'll have a peak new casesin Europe/US.
Asia and specially China when all started seem a little bit ahead taking into account the good health recovery in China and Japan.
Italy is expected to have a peak around 25 march and frankly if we don't reduce new daily cases ,we risk to have 100k infected end of april, so I hope with all my heart that forecast is exact.

2. Next friday is expiration Quarter Futures day. BigBoys are all shorts and they will close/are closing their positions at lowest price they can these days.
Then they will take their positions for next June expiration depending on what's going on in the world and in main Countires.
Historical seasonality says that starting from April DAX has showed a good rebound , but obvioulsy current situation it's not comparable to the past.

3. 8350 (July 2014 lows) is at risk as you can see in weekly DAX chart posted previously, but even with some sharp spikes is stopping downtrend so far.
But specially on friday/monday they could go down 8000 to scare the last brave longs and then will start a decent recovery, specially if Italy will show next week that 60 millions quarantine work to reduce in strong way new cases.

Good luck for you PIpMiner, for me and for everyone here and around..
I call upon my father's spirit , watching over me
  • #849
  • Mar 18, 2020 3:08am Mar 18, 2020 3:08am
In the while ECB is doing another perfect comunication disaster with Holzmann says 2 opposte things in last 2 hours!!!!!!!!!

As I wrote previously, we need steel balls managers to handle this bad bad situation and not these small men/women with their millionaires salary closed in their skyscraper in Frankfurt or wherever they are........while unemployed people will rise faster than ever next days/weeks!!!

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: ECB2.PNG Size: 27 KB
I call upon my father's spirit , watching over me
  • #850
  • Mar 18, 2020 3:12am Mar 18, 2020 3:12am
Quoting Pip-Miner
{quote} Destruction, Dow suspended How low do you think the dax will go Brixen before starts going up again
US Futures -5% limit has been reached last night, so US Futures will probably remain around these levels next hours.
In this case only after 14:30CET US will move up or down from current levels.

As I wrote yd I look at US S&P500 2390/2400 level as key for next move. Yd it held and prices shooted up for +5% from there , today we'll see if they will break down or not. 2404 -5% limit down currently reached.
I call upon my father's spirit , watching over me
  • #851
  • Mar 18, 2020 3:18am Mar 18, 2020 3:18am
Quoting Brixen
{quote} US Futures -5% limit has been reached last night, so US Futures will probably remain around these levels next hours. In this case only after 14:30CET US will move up or down from current levels. As I wrote yd I look at US S&P500 2390/2400 level as key for next move. Yd it held and prices shooted up for +5% from there , today we'll see if they will break down or not. 2404 -5% limit down currently reached.
No need to place orders now for me with this US Futures limit down on going.
I'll wait US open 14:30CET if nothing will change.
I call upon my father's spirit , watching over me
  • #852
  • Mar 18, 2020 5:27am Mar 18, 2020 5:27am
A couple buy orders placed below current 8469 price......

Only small DAX CFDs, no FDXM/FDAX orders.
I call upon my father's spirit , watching over me
  • #853
  • Mar 18, 2020 5:33am Mar 18, 2020 5:33am
Quoting Brixen
A couple buy orders placed below current 8469 price...... Only small DAX CFDs, no FDXM/FDAX orders.
1 orders was triggered 8466 but not 8440
I call upon my father's spirit , watching over me
  • #854
  • Mar 18, 2020 5:34am Mar 18, 2020 5:34am
Quoting Brixen
{quote} 1 orders was triggered 8466 but not 8440
1st touch 8460/8450 zone prices rebounded, but it's 2nd or even 3rd retest that it really matters now
I call upon my father's spirit , watching over me
  • #855
  • Mar 18, 2020 6:28am Mar 18, 2020 6:28am
Quoting Brixen
{quote} 1 orders was triggered 8466 but not 8440
8438 was triggered minutes ago. So now I have 2 DAX CFDs 8452 but I'm closing 1 position now around current 8484
I call upon my father's spirit , watching over me
  • #856
  • Mar 18, 2020 6:30am Mar 18, 2020 6:30am
Quoting Brixen
{quote} 8438 was triggered minutes ago. So now I have 2 DAX CFDs 8452 but I'm closing 1 position now around current 8484
So reduced right now at 8497 my positions from 2 to 1 DAX CFDs for +45 pips gain.
I call upon my father's spirit , watching over me
  • #857
  • Mar 18, 2020 6:33am Mar 18, 2020 6:33am
So now I have only 1 DAX CFD 8452.

US will lead the game now and we'll see at 14:30CET if they will open -5% or more. We'll see.

No other orders for me for now.
I call upon my father's spirit , watching over me
  • #858
  • Mar 18, 2020 7:21am Mar 18, 2020 7:21am
Quoting Brixen
So now I have only 1 DAX CFD 8452. US will lead the game now and we'll see at 14:30CET if they will open -5% or more. We'll see. No other orders for me for now.
Additionals only in case of 8400/8430 zone breakdonw, so let's say 837.. down to 8250 zone (monday's lows)
I call upon my father's spirit , watching over me
  • #859
  • Mar 18, 2020 7:46am Mar 18, 2020 7:46am
Quoting Brixen
{quote} Additionals only in case of 8400/8430 zone breakdonw, so let's say 837.. down to 8250 zone (monday's lows)
Everybody waiting for a new limit down test at the US open next 45 minutes.............
I hope to eat something before ....my house is in total chaos mode!!!!!!!!!!!my electric kids all around, they can't stay closed for so long time!!!!
I call upon my father's spirit , watching over me
  • #860
  • Mar 18, 2020 7:48am Mar 18, 2020 7:48am
Quoting Brixen
So now I have only 1 DAX CFD 8452. US will lead the game now and we'll see at 14:30CET if they will open -5% or more. We'll see. No other orders for me for now.
8512 now closed last position for +60 pips DAX CFDs

FLAT until US open.

No orders for me.
I call upon my father's spirit , watching over me
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