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DAX Futures June 2020

  • #1,641
  • Apr 3, 2020 2:34am Apr 3, 2020 2:34am
Quoting Brixen
479 was triggered seconds ago and bought 1 DAX CFDs
Stop at breakeven 9479 and target 9570 zone, more or less, current 9530....
I call upon my father's spirit , watching over me
  • #1,642
  • Apr 3, 2020 2:51am Apr 3, 2020 2:51am
Quoting Brixen
{quote} Stop at breakeven 9479 and target 9570 zone, more or less, current 9530....
OK, target hit at 9567 seconds ago
I call upon my father's spirit , watching over me
  • #1,643
  • Apr 3, 2020 2:52am Apr 3, 2020 2:52am
Quoting Brixen
{quote} OK, target hit at 9567 seconds ago
+88 pips DAX CFDs
I call upon my father's spirit , watching over me
  • #1,644
  • Apr 3, 2020 2:57am Apr 3, 2020 2:57am
Quoting Caiuss
{quote} So, that translates roughly to 9308-9450-9570-9630 on the FXDM. I'll probably move to CFDs too for next week. Will try to use a much wider stop losses and profit targets. Let's see if I relax a little
It was a big problem for me when volatility exploded late February. FDXM were potential missiles that could explode at any time in your hands. FDAX are impossible now to trade unless you risk an heart attack!!!!

Luckily I had some experience on these small DAX CFDs many years ago, specially on summer 2015 when China yuan off.shore devaluation caused a -20%on worldwide markets in 2/3 weeks.
That time I save my ass with these small positions and large , very large stops that no broker or wild market move can hit!

And for now it's working...we'll see later or next. Nothing's sure about tomorrow here!
I call upon my father's spirit , watching over me
  • #1,645
  • Apr 3, 2020 3:02am Apr 3, 2020 3:02am
I'll back around midday.
Now I must dress my Astronaut uniform and go to buy something ......my teenagers are always hungry like a wolf these days!!!!but they are always thin!!
Inserted Video
I call upon my father's spirit , watching over me
  • #1,646
  • Apr 3, 2020 3:28am Apr 3, 2020 3:28am
My thoughts posted elsewhere: "Today's focus is the US NFP and thus we can expect range bound trading until near that tme.

As always, I start my day by reviewing the higher time frame charts of both the Dax and the US indices.

Here, my M5 chart captures all of yesterday's tightening range of 320 pts - around half of Dax's recent daily ranges.

Thus my M1 chart has its Outer Band now set at half of it recent setting as mentioned in earlier posts.

The m5 low fractal from late yesterday's trading is shown on my m1 chart which is the one that I use for my trading

Note the higher volumes at 7:21 / 22 as buyers enter the market and later at 7:4 as profit takers arrive around another "level" "
Attached Image(s) (click to enlarge)
Click to Enlarge Name: apr3 dax m5 0800.png Size: 53 KB
Click to Enlarge Name: apr3 dax m1 0805.png Size: 39 KB
Trading Levels with WRBs
  • #1,647
  • Apr 3, 2020 3:47am Apr 3, 2020 3:47am
Quoting Islander
My thoughts posted elsewhere: "Today's focus is the US NFP and thus we can expect range bound trading until near that tme. As always, I start my day by reviewing the higher time frame charts of both the Dax and the US indices. Here, my M5 chart captures all of yesterday's tightening range of 320 pts - around half of Dax's recent daily ranges. Thus my M1 chart has its Outer Band now set at half of it recent setting as mentioned in earlier posts. The m5 low fractal from late yesterday's trading is shown on my m1 chart which is the one that I use for...
Thanks Islander for your insight.
One question is left unanswered: How would you trade this info? You just fade the deviations?
  • #1,648
  • Apr 3, 2020 4:59am Apr 3, 2020 4:59am
Quoting Caiuss
{quote} Thanks Islander for your insight. One question is left unanswered: How would you trade this info? You just fade the deviations?
Hi Caiuss - a good question and many answers are found in my thread with Medici, reading say the last 30 pages.

The short reply, as this is Brixen's thread, is that, like he does, I look for "areas of interest" where there has already been some interesting price action as in this morning's at the low after which held at that M5 fractal which was in confluence with the dotted green level (the MS 1 pivot) and the lower outer band (envelope) which is a guide to price being short term over sold.

There, after an aggressive (wide ranged) push down, there was a noticeable increase in volume (activity) in that area suggesting buying activity so buy according to your Trading Rules.

Around the 7:44 candle there were similar circumstances that suggest selling according to your Trading Rules.

Hope this helps.

Regards

Islander
Trading Levels with WRBs
  • #1,649
  • Apr 3, 2020 5:44am Apr 3, 2020 5:44am
Quoting Islander
{quote} Hi Caiuss - a good question and many answers are found in my thread with Medici, reading say the last 30 pages. The short reply, as this is Brixen's thread, is that, like he does, I look for "areas of interest" where there has already been some interesting price action as in this morning's at the low after which held at that M5 fractal which was in confluence with the dotted green level (the MS 1 pivot) and the lower outer band (envelope) which is a guide to price being short term over sold. There, after an aggressive (wide ranged) push...
Frankly Volume is not an indicator I watch. Let's say I'm not an indicator fan, generally speaking.
But it's an undisputed truth that areas of interest or sensible price levels + volumes increase around those zones is a potential powerful tool!
I must take into account in my next charts and analysis. Very good point!
I call upon my father's spirit , watching over me
  • #1,650
  • Apr 3, 2020 5:55am Apr 3, 2020 5:55am
Just went out from Berlin Reuters....I guess Karuner will be happy
Attached Image (click to enlarge)
Click to Enlarge Name: Merkel.PNG Size: 27 KB
I call upon my father's spirit , watching over me
  • #1,651
  • Apr 3, 2020 6:01am Apr 3, 2020 6:01am
Some European Countries start measures compared by Politico.eu
Attached Image (click to enlarge)
Click to Enlarge Name: Europe.PNG Size: 177 KB
I call upon my father's spirit , watching over me
  • #1,652
  • Apr 3, 2020 6:01am Apr 3, 2020 6:01am
Quoting Brixen
Just went out from Berlin Reuters....I guess Karuner will be happy {image}
brixen, why is there no dislike-button? i hate her

edit: i have seen/heard some bad things from italian social media about germany in recent days .. but i tell you in germany most people don't even know about this. it's not in the news here

Attached Image
  • #1,653
  • Apr 3, 2020 6:21am Apr 3, 2020 6:21am
Quoting karuner
{quote} brixen, why is there no dislike-button? i hate her edit: i have seen/heard some bad things from italian social media about germany in recent days .. but i tell you in germany most people don't even know about this. it's not in the news here {image}
It's the same old boring story Karuner, and idiots are everywhere!
SudTirol then is a classical example of hate/love coexistence.
I'm aware that culture, history, habits, way of living are different in some case so different but on 2020 and on these terrible days these things mean nothing, must mean nothing!
Only for perfect idiots could mean something, imho!

Anyway only to joke a little bit, this is my favorite football match ever.....maybe because it was my 1st big match I watched in my life!
I was only a Primary kid school in Brixen an I watched SemiFinal WORLD CUP at 3.30 a.m. live from Mexico in a summer SudTirol night! Ah memories.....
Inserted Video
I call upon my father's spirit , watching over me
  • #1,654
  • Apr 3, 2020 6:31am Apr 3, 2020 6:31am
BACK TO TRADING: US NFP data mean absolute nothing today, for 1st time ever. And specially after another disastrous jobless claims data yd.
NY, California, Florida new cases trend it's the only thing that matters for markets.

Anyway here below DAX FUTURES DAILY chart (again 30 pips higher DAX prices) show last 8 days were inside a clear range, waiting to break uo or down depending on COVID19 evolution specially in US.

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXD1.png Size: 21 KB
I call upon my father's spirit , watching over me
  • #1,655
  • Apr 3, 2020 6:40am Apr 3, 2020 6:40am
@Islander: thanks for explaining your idea. It is always tricky to understand when and why some times an excess fades and why instead sometimes it is amplified. We as retail often think the reason is stop hunting, tripping cascading orders etc, but there's more to the issue for sure.

@Brixen: I'm convinced that the areas of interest in the charts are those where a consensus can be found between multiple trading methods. I think about it as a self fulfilling prophecy. The more people think something will happen because of (..insert whatever reason here..), the more likely it is to happen. This results in a very imbalanced order flow which in turn means price is rejected quickly on low volumes as nobody is willing to take the other side of the trade. Food for tough.
  • #1,656
  • Apr 3, 2020 6:46am Apr 3, 2020 6:46am
I will not trade anynore until next monday, unless DAX will come back around 9390/9330 zone.
On that area I could take a risk and buying something until 9200/9190 zone. We'll see...
Otherwise AMEN! I did my week!

So let's wait US where last minute news were not so encouraging......
Attached Image (click to enlarge)
Click to Enlarge Name: NY1.PNG Size: 48 KB
I call upon my father's spirit , watching over me
  • #1,657
  • Apr 3, 2020 7:05am Apr 3, 2020 7:05am
Quoting Brixen
I will not trade anynore until next monday, unless DAX will come back around 9390/9330 zone. On that area I could take a risk and buying something until 9200/9190 zone. We'll see... Otherwise AMEN! I did my week! So let's wait US where last minute news were not so encouraging...... {image}
Anyway some shorts placed 9630/9680 zone now, current 9607.....
I call upon my father's spirit , watching over me
  • #1,658
  • Apr 3, 2020 7:28am Apr 3, 2020 7:28am
Quoting Brixen
{quote} Frankly Volume is not an indicator I watch. Let's say I'm not an indicator fan, generally speaking. But it's an undisputed truth that areas of interest or sensible price levels + volumes increase around those zones is a potential powerful tool! I must take into account in my next charts and analysis. Very good point!

I totally agree about Indicators, where data is being modified to show different graphs as in MACD, RSI, Stochastics etc.

Volume - IMO - is not an indicator, just a record of the transactions taking place during a certain period of time. Likewise, the ADR is just displaying the range of price during is chosen time period

The NFP data is normally taken for information supplied late in the second week of the prior month - so say March 12 / 13 and thus before the huge increase in theunemployed....
Trading Levels with WRBs
  • #1,659
  • Apr 3, 2020 7:35am Apr 3, 2020 7:35am
Quoting Brixen
{quote} Anyway some shorts placed 9630/9680 zone now, current 9607.....
9591 short for 1 DAX CFDs now
I call upon my father's spirit , watching over me
  • #1,660
  • Apr 3, 2020 7:42am Apr 3, 2020 7:42am
Quoting Brixen
{quote} 9591 short for 1 DAX CFDs now
No ambition...they will go up above 9600 zone up to 9660/9670 and then an usual friday afternoon fall..
I look at US S&P500 2530 level as main resistance for US
I call upon my father's spirit , watching over me
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