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DAX Futures June 2020

  • #961
  • Mar 20, 2020 6:50am Mar 20, 2020 6:50am
US is leading the way and DAX approaching my 8700 level, as indicated early morning....I'll wait.

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I call upon my father's spirit , watching over me
  • #962
  • Mar 20, 2020 7:01am Mar 20, 2020 7:01am
Quoting Brixen
US is leading the way and DAX approaching my 8700 level, as indicated early morning....I'll wait. {image}
2390/2400 zone I carefully check for US (S&P 500), as I did last days
I call upon my father's spirit , watching over me
  • #963
  • Mar 20, 2020 7:17am Mar 20, 2020 7:17am
Quoting Brixen
US is leading the way and DAX approaching my 8700 level, as indicated early morning....I'll wait. {image}
Very simple math calculation:
9200 current week highs
8200 current week lows

8700 = 50% of current week range.

Take into account that MAESTRO LEONARDO FIBONACCI, here below his monument in his Pisa native town, didn't consider 50% in his sequence and his linked retracement calculation.
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I call upon my father's spirit , watching over me
  • #964
  • Mar 20, 2020 7:43am Mar 20, 2020 7:43am
I will not trade anymore until next monday. No need to take risk at this time of the week and in this total mess we are living in.
So done my week:
mon +1018 DAX Cfds
tue +1202 DAX Cfds
wed +181 DAX Cfds
yd +330 DAX Cfds
today 0

TOTAL:+2731 DAX Cfs pips (converted into +547 pips FDXM to hold same stat previous weeks)

See you next hours/next days, as our prison keep on going on here!!!!
I call upon my father's spirit , watching over me
  • #965
  • Mar 20, 2020 7:59am Mar 20, 2020 7:59am
Quoting Brixen
See you next hours/next days, as our prison keep on going on here!!!!
Next week, maybe this weekend, we will probably have the same situation in Germany. Bavaria they already have it now.
  • #966
  • Mar 20, 2020 10:53am Mar 20, 2020 10:53am
This one is terrible, if we keep on this way we'll reach 70/80k infected at the end of this month!!
This is a massacre: 4670 new infected today and 627 deaths in one day!!! It's discouraging! The peak is far far away!

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I call upon my father's spirit , watching over me
  • #967
  • Mar 20, 2020 1:23pm Mar 20, 2020 1:23pm
Quoting Brixen
This one is terrible, if we keep on this way we'll reach 70/80k infected at the end of this month!! This is a massacre: 4670 new infected today and 627 deaths in one day!!! It's discouraging! The peak is far far away! {image}
!!!!! Forza fratelli !!!!

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  • #968
  • Mar 20, 2020 2:09pm Mar 20, 2020 2:09pm
Quoting chaveznqoos
{quote} !!!!! Forza fratelli !!!! https://www.youtube.com/watch?v=AcI2IdHhEHE
Hey chavezngoos, thanks, really thanks!!
Gone are the days when we talked together about Champions League match, CR7, Isco, Modric, S.Bernabeu,your REAL historical membership, el Clasico and all magic great football atmosphere. Unbelievable!!
I hope one day this Country, your Country, all Countries will live again best sensations for our lives. Now everything seem so ugly and terrifying.
Thanks again!
E' un mondo difficile, felicita' a momenti e futuro incerto.......Tonino Carotone, from Burgos, Espana. here below.
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I call upon my father's spirit , watching over me
  • #969
  • Mar 20, 2020 2:43pm Mar 20, 2020 2:43pm
Quoting Brixen
{quote} Hey chavezngoos, thanks, really thanks!! Gone are the days when we talked together about Champions League match, CR7, Isco, Modric, S.Bernabeu,your REAL historical membership, el Clasico and all magic great football atmosphere. Unbelievable!! I hope one day this Country, your Country, all Countries will live again best sensations for our lives. Now everything seem so ugly and terrifying. Thanks again! E' un mondo difficile, felicita' a momenti e futuro incerto.......Tonino Carotone, from Burgos, Espana. here below. https://www.youtube.com/watch?v=NOIH...sqXUhA&index=1...
Yes, but we will surely talk again about the best Club in History We are going to defeat this shit, for sure.

Un grande abbraccio
  • #970
  • Mar 21, 2020 4:33am Mar 21, 2020 4:33am
Quoting chaveznqoos
{quote} Yes, but we will surely talk again about the best Club in History We are going to defeat this shit, for sure. Un grande abbraccio


I call upon my father's spirit , watching over me
  • #971
  • Mar 21, 2020 11:53pm Mar 21, 2020 11:53pm
Hi Brixen,

Hope you and your family are keeping well in these awful times.

I noticed you made a switch to CFD's but I could not see a post where you explained why.

- why did you switch to CFD's?
- what broker/organisation do you trade them through?
- what charting/trading software are you using for CFD's.?
- have you had any issues with the CFD broker limiting the number of contracts you can trade because they get sick of you taking money off them (given a CFD is basically trading against the house). I have seen many traders over the years have their accounts closed in Australia/NZ because they kept winning against the house (broker) whereas most CFD brokers work on the premise that they will get newbies continually gifting them money.
  • #972
  • Edited 2:50am Mar 22, 2020 1:35am | Edited 2:50am
Quoting steve2222
Hi Brixen, Hope you and your family are keeping well in these awful times. I noticed you made a switch to CFD's but I could not see a post where you explained why. - why did you switch to CFD's? - what broker/organisation do you trade them through? - what charting/trading software are you using for CFD's.? - have you had any issues with the CFD broker limiting the number of contracts you can trade because they get sick of you taking money off them (given a CFD is basically trading against the house). I have seen many traders over the years have...
Hi Steve, happy to see you here again. I hope all is going well in Auckland, in New Zealand. Are you trading on these wild days?
Here below my reply:

1. #post 516 this journal, 10 days ago:
"I'm thinking to trade with small CFDs DAX INDEX, so in worst case scenario I loose only 100 euro for 100 pips loss and not 500 euro as it could happen on FDXM, or 2500 euro for 1FDAX".
My Italian Bank/broker always offered me the chance to trade CFDs on DAX, US and so on, and frankly a decade ago I started trade DAX on this way.
So for me it's like a back to the origin. Spread is more or less the same as in the past weeks, sometimes is larger (Europe after hours , so US afternoon) but strangely is holding usual 4,5,6 pips range spread, even with these wild market moves. No limitations so far, only margin are obviously increased.
As I always wrote here, I had a phisical Bank/broker since 20 years ago, I mean they have 2 headquarters here where I live at 10 min walk and 30 min walk by my house. I never had a problem with them. This is my 1st solid rock to base my job, otherwise all is fragile!

2. Furthermore trading futures during rollover Quarterly weeks was always an headache for me in ordinary market conditions .......
in these extreme exceptional market phases was absolutely impossible (exaggerate spreads, volumes, expirations, 2 different (March and June) Futures same time with different prices...)

3. I had very good gains so far this year well above my monthly/Quarter target but now is all frozen here: my eldest son was completely stopped out from his new business after months and weeks of preparation, my wife was blocked from her job, my other sons have blocked schools and they have to study by videoconference, lessons by internet. So again my whole large family depending on me and on this wild, dangerous and fascinating trading job.
I had to reduce risk, but I had to keep on trading and gaining otherwise it's the hell, the real hell for my family.
Big risk could be to be infected by this bad virus, because I'm not so sure that a middle age man as me will have total medical assistance because I supposed they will prefer younger people, but probably this is only one of the bad thoughts that in this moment I have.

4. Anyway I'm in good shape and I go out only to buy something in Supermarkets wearing an astronaut uniform

Bye Steve, hope to see you again here next days.
I call upon my father's spirit , watching over me
  • #973
  • Mar 22, 2020 7:37am Mar 22, 2020 7:37am
Hi Brixen, we can’t dance in these times but can watch only on internet.The south seems more safer where the hot blood comes from.

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  • #974
  • Mar 22, 2020 3:05pm Mar 22, 2020 3:05pm
Quoting Pip-Miner
Hi Brixen, we can’t dance in these times but can watch only on internet.The south seems more safer where the hot blood comes from. https://youtu.be/XULgXK6vVMg
Good video PipMiner, I wonder when it will be celebrated the 1st wedding here after this general stop, even funerals are forbidden these days!!

There are a couple of things I don't like these days:
1. I was controlled by the police 2 times in 2 different days (first time I went out to buy food around the corner I live, 2nd time I was bringing some food and medicines to an older lonely relative living 250 mt from my house), but they let thousands people leaving Milan Area (most infected Area in Europe) to go back South Italy where are their families. So they could spread potential bad virus from North to South Italy. I do not understand.
2. People working for Public sector will be regularly paid this month, next months, even if they stay at their houses because their offices are closed, or working by internet home connection.
But many private workers forced to stay home, will not be paid at all, current and next months (if economy stop will continue).
This will lead to social injustice, in a sure recession economy, but it seems nobody cares now on economic and social impact of this total mess!!!

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I call upon my father's spirit , watching over me
  • #975
  • Mar 22, 2020 3:41pm Mar 22, 2020 3:41pm
Quoting Brixen
{quote} Good video PipMiner, I wonder when it will be celebrated the 1st wedding here after this general stop, even funerals are forbidden these days!! There are a couple of things I don't like these days: 1. I was controlled by the police 2 times in 2 different days (first time I went out to buy food around the corner I live, 2nd time I was bringing some food and medicines to an older lonely relative living 250 mt from my house), but they let thousands people leaving Milan Area (most infected Area in Europe) to go back South Italy where are their...
In Australia the media makes references to what is happening in Italy and people here are terrified.Cafes , restaurants,gyms, sporting events, non essential, internationals, cross state travel all banned. I’m shocked Italy hasn’t banned travel from the different regions..
Our leaders still want to keep the schools open for medical and emergency staff children .( most don’t agree want it all shut).
we saw footage of people dying in bed without their families from Italy. Doctors have to choose who lives and die due to a shortage of respirators and medical equipment. ( Australia is already running out ).
Lets hope we don’t go down China path .
The infected are put in body bags alive and sent for cremation( burnt no funeral) at the many mobile cremation stations .Familes are told they died, hence numbers aren’t increasing as fast.
  • #976
  • Mar 22, 2020 4:05pm Mar 22, 2020 4:05pm
Quoting Pip-Miner
{quote} In Australia the media makes references to what is happening in Italy and people here are terrified.Cafes , restaurants,gyms, sporting events, non essential, internationals, cross state travel all banned. I’m shocked Italy hasn’t banned travel from the different regions.. Our leaders still want to keep the schools open for medical and emergency staff children .( most don’t agree want it all shut). we saw footage of people dying in bed without their families from Italy. Doctors have to choose who lives and die due to a shortage of respirators...
I will be frank, very frank!
1. If I get this virus, I have 50% they will cure me in my house with usual anti.virals, ordinary flu medicines, more or less.
(50% total Italy infected are in their houses, not in hospital, because have light or no symptoms). This will probably put at risk my relatives. If I will be strong, stronger than ever, if my general conditions are good, as now they are, I will survive by myself....
2. If my conditions worsen I have 10/20% chance to be hospitalized on intensive therapy and save my life (ventilators, medical assistance) because available places are currently limited. So they will take decision, who in and who out.....I guess depending on age, if you have other issues problems, % survive and so on.
If they let me out intensive therapy, I will have only 10% chance to survive, probably only a miracle, because this fucking virus leave you without the breathe and it suffocates you!
I call upon my father's spirit , watching over me
  • #977
  • Mar 22, 2020 4:15pm Mar 22, 2020 4:15pm
It seems that BigBoys Goldman Sachs were right only 7 days ago with their forecast around 2000 for US S&P500...
In Chicago US Futures seems down more than 111 points at the start of the week, limit down probably already hit!!!!!
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I call upon my father's spirit , watching over me
  • #978
  • Mar 22, 2020 5:00pm Mar 22, 2020 5:00pm
Quoting Brixen
{quote} I will be frank, very frank! 1. If I get this virus, I have 50% they will cure me in my house with usual anti.virals, ordinary flu medicines, more or less. (50% total Italy infected are in their houses, not in hospital, because have light or no symptoms). This will probably put at risk my relatives. If I will be strong, stronger than ever, if my general conditions are good, as now they are, I will survive by myself.... 2. If my conditions worsen I have 10/20% chance to be hospitalized on intensive therapy and save my life (ventilators, medical...
To be frank Brixen, trade the fuck out of this mess you can do it. I’m sure they will treat you if you pull out enough money. Money talks.
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  • #979
  • Edited 10:01pm Mar 22, 2020 9:47pm | Edited 10:01pm
Brixen, let me know if you require any respirators.These work for 6 months with filter so the virus doesn’t spread.
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  • #980
  • Mar 22, 2020 11:22pm Mar 22, 2020 11:22pm
Quoting Brixen
{quote} Hi Steve, happy to see you here again. I hope all is going well in Auckland, in New Zealand. Are you trading on these wild days? Here below my reply: 1. #post 516 this journal, 10 days ago: "I'm thinking to trade with small CFDs DAX INDEX, so in worst case scenario I loose only 100 euro for 100 pips loss and not 500 euro as it could happen on FDXM, or 2500 euro for 1FDAX". My Italian Bank/broker always offered me the chance to trade CFDs on DAX, US and so on, and frankly a decade ago I started trade DAX on this way. So for me it's like a...
Thanks Brixen for the full reply.

You are lucky you have a local broker offering the full range of instruments. My broker is USA based and of course CFD's are illegal in the US (for US residents) so US brokers don't offer them. My broker does have an operation in Cyprus (I think) to cater for non US residents including offering CFD's - but it is quite a separate operation, so I would have to setup a new account with them and fund it seperately.

Last time I traded CFD's I was using IG out of Australia.

As a mater of interest, what Margin does you broker currently require on a DAX CFD?

At present I am mostly trading MHI (HKFE) and micro Gold plus micro Euro/US FX (CME). I minimise the amount of capital I hold at my US broker as a risk precaution given I am an alien (foreigner) to the US and you never know what rules they might throw up at short notice that impact foreigners funds. So holding a lower level of capital at the actual broker (as opposed to funds in NZ) limits my trading style when margins are increased in times like this. Basically during the US overnight (which is when I mostly trade from NZ) the margins are 100% of the exchange required margin.

In other news, NZ today raised our virus alert level from 2 to 3 with it moving to 4 in two days. Level 4 means we will be on total lock down for 4 weeks except for essential services. Scary times, I have spent a good portion of the day trying to explain over the phone to my 85 year old Mum how to setup and order groceries on-line. Mum & Dad are about 400km away in a retirement village, but I am not allowed to visit them and they are not supposed to go out, hence the need to get them shopping online.

Take care Brixen, one positive is you guys are heading into summer which might help burn the beast off, we on the other hand are heading into winter and the virus is only just getting hold here.
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