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DAX Futures June 2020

  • #1,921
  • Apr 8, 2020 10:23am Apr 8, 2020 10:23am
2 updates last minutes on tomorrow meeting in Europe.
In short France will try to persuade South Europe (specially Italy) and Germany the same for North Europe (specially the Netherlands) to find an agreement.
My humble advice is that this could be the trigger for 9900 or 10600 for next hours. Strict narrow ranges do not last on DAX for a long time......
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I call upon my father's spirit , watching over me
  • #1,922
  • Apr 8, 2020 10:37am Apr 8, 2020 10:37am
Quoting Brixen
{quote} chart, book, trades and FF post. 100% focus on trade. Anyway:#post 1864 + #post 1867 + #post 1869 + # post 1873 you find all my entries, maybe not real time but some seconds after...... the average is 235,5. Please do not ask me until I close my positions. I'm too engaged when I have a position in place. Thanks.
i come back to this question now. sorry if i was not precise with my words. what i meant was this: i saw your posts with your entries and when i looked at the chart i could not understand, why you entered exactly there at that moment. i often understand that you enter at relevant levels. but couldn't see special price action (i mean the ÇFDs you added to your position when price moved against you). that's why i asked.. what i meant was: how did you decide those quick entries at that specific points? did you see price staling for some seconds or so? i hope you understand what i mean.
  • #1,923
  • Apr 8, 2020 10:38am Apr 8, 2020 10:38am
Done my week:
mon +325 pips DAX CFDs
yd : +102 pips DAX CFDs and + 586,5 pips FDXM
today: +142 pips DAX CFDs and +187 pips FDXM
TOTAL: +569 pips DAX CFDs and + 773,5 pips FDXM.

I'll back from time to time but I promise to myself to do not trade......
Good luck and good Easter to all traders here!
I call upon my father's spirit , watching over me
  • #1,924
  • Apr 8, 2020 2:37pm Apr 8, 2020 2:37pm
ZURICH BIGBOYS eager to push up the markets?....do I have to trust them this time?
Probably they have already shot their bullets when panic was all around, imho.
Anyway this is rational explanation for +25% performance from 16 March lows.....
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  • #1,925
  • Apr 8, 2020 3:00pm Apr 8, 2020 3:00pm
Quoting Brixen
ZURICH BIGBOYS eager to push up the markets?....do I have to trust them this time? Probably they have already shot their bullets when panic was all around, imho. Anyway this is rational explanation for +25% performance from 16 March lows..... {image}
Haha.. Always funny reading these analyst comments.

They say "we believe"? I guess they're looking in a crystal ball.

My opinion is it's anybody's guess now. Companies are withdrawing their guidance for next quarter because they don't know what their future will look 3 months and not not 3 years from or how much their market will be affected and what will change in people behavior and wants once all is solved, but they "believe".

Yeah. LOL!
  • #1,926
  • Apr 9, 2020 1:53am Apr 9, 2020 1:53am
DAX Futures chart 15 min (+25 pips higher DAX CASH INDEX prices) for today. No trades for me until Easter holidays....
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  • #1,927
  • Apr 9, 2020 2:04am Apr 9, 2020 2:04am
Now it's all clear: she lives on the moon, she's not from this planet......she's talking about inflation on these days, I can't believe!!!!
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  • #1,928
  • Apr 9, 2020 2:37am Apr 9, 2020 2:37am
Quoting karuner
{quote} i come back to this question now. sorry if i was not precise with my words. what i meant was this: i saw your posts with your entries and when i looked at the chart i could not understand, why you entered exactly there at that moment. i often understand that you enter at relevant levels. but couldn't see special price action (i mean the ÇFDs you added to your position when price moved against you). that's why i asked.. what i meant was: how did you decide those quick entries at that specific points? did you see price staling for some seconds...
1. as I wrote since 20 March, my assumption was that DAX/FDAX was moving in a minor counter.up trend from the 16 March lows 8250 zone.
That's why I started to follow the table here below when last weeks market hit 10k zone.
2. Last days the updates showed that 10150 zone was pushing up prices, so every dip around that zone was very interesting for a re.buy.
We are moving large range these days so for me 10150 or 10200 is more or less the same. It's the direction that really matters and the direction was up.
again 3. Yd lows were 180 zone early morning and when prices went down again 215/210 zone I did't think twice..:I had to buy.
Even if prices would fall down 10150 zone after. I made only 1 mistake, to reduce more my positions after 1st decent rebound 250 zone.
But that is part of the game. No regrets.
4. Then on simply math point of view I had a small position around 280 and a chance to average at 215 was a good chance to reduce sharply my entry price.
5. Sometimes in few seconds You, I, we, must take decisions here , and if we are not ready to take decisions and take risks (better calculated risks) no way to survive or to have decent gains here.
I hope I have replied to your questions.
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  • #1,929
  • Apr 9, 2020 2:39am Apr 9, 2020 2:39am
Quoting Brixen
Now it's all clear: she lives on the moon, she's not from this planet......she's talking about inflation on these days, I can't believe!!!!{image}
Indeed. I have not read the full statement, but it looks a very sad picture.
  • #1,930
  • Apr 9, 2020 2:42am Apr 9, 2020 2:42am
Thanks Brixen for taking the time and explaining in extenso!
  • #1,931
  • Apr 9, 2020 3:08am Apr 9, 2020 3:08am
Quoting karuner
Thanks Brixen for taking the time and explaining in extenso!
Il n'y a pas de quoi, messieur.
I call upon my father's spirit , watching over me
  • #1,932
  • Apr 9, 2020 3:16am Apr 9, 2020 3:16am
Quoting Brixen
ZURICH BIGBOYS eager to push up the markets?....do I have to trust them this time? Probably they have already shot their bullets when panic was all around, imho. Anyway this is rational explanation for +25% performance from 16 March lows..... {image}
Once I was even angry on these sharks and vultures. Excluded the billionaires bets they had on short side late Feb/early March, I have to thank these BigBoys.
They moved and move the markets every day, every night. Who pushed down the markets for -40% in 2 weeks?, and then who pushed up for +25% ?
For sure not retail traders, not ordinary Banks and Funds, not Central Banks or Gov.
These bad big boys start the dances and then the sheep (as me) follow. As it happened in the past, the story repeat itself!
And now they all together are playing the same song......Goldman Sachs last hours went out with same tone, here below!
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  • #1,933
  • Apr 9, 2020 4:24am Apr 9, 2020 4:24am
Quoting Brixen
{quote} Once I was even angry on these sharks and vultures. Excluded the billionaires bets they had on short side late Feb/early March, I have to thank these BigBoys. They moved and move the markets every day, every night. Who pushed down the markets for -40% in 2 weeks?, and then who pushed up for +25% ? For sure not retail traders, not ordinary Banks and Funds, not Central Banks or Gov. These bad big boys start the dances and then the sheep (as me) follow. As it happened in the past, the story repeat itself! And now they all together are playing...
A lot of this is mechanics and technicals.
But that does not excuse them. GS started scaring people 2-3 weeks ago. Now they loaded up and are pushing higher. They're not wrong however. The best place to be for the next 12-18 months is the US market. I would not bet on emerging or Europe. Perhaps I'm biased towards the US because it's the market I know better, yet I think it's the market that will lead the recovery. If you look at the usual suspects there, some of them are barely down 10% from their highs, and already recovered much more than the average index.
  • #1,934
  • Apr 9, 2020 5:03am Apr 9, 2020 5:03am
Interesting zone now to buy something, I mean current DAX CASH INDEX 10350/10360....even until 1033..zone, remeber yd resistance zone for the whole day!
but I have forced myself to stay out!!!!!
I call upon my father's spirit , watching over me
  • #1,935
  • Apr 9, 2020 5:18am Apr 9, 2020 5:18am
Inserted Video
on a postive roll...
  • #1,936
  • Apr 9, 2020 5:20am Apr 9, 2020 5:20am
Quoting Brixen
Interesting zone now to buy something, I mean current DAX CASH INDEX 10350/10360....even until 1033..zone, remeber yd resistance zone for the whole day! but I have forced myself to stay out!!!!!
Anyway it's the last day of the week. Eurogroup will start later in the afternoon his battle, oops! I mean his meeting.
Then US jobless will hit easily 6/7 millions at 14:30CET.
I stay aside, and I stopped my fingers, as Ulysses when he was tempted by the Sirens.....
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  • #1,937
  • Apr 9, 2020 6:04am Apr 9, 2020 6:04am
https://www.theamericanconservative....nion-crack-up/

"From Italy’s standpoint, there are other considerations as well. Italy contributes more to the EU than it receives; its net annual contribution comes to EUR 20 billion, making it the third largest contributor after Germany and France. This means that the resources granted by the European Union as aid are also partly Italian money. The same applies to the resources of the ESM. Italy contributes 17.80 percent of its resources and Spain 11.83 percent. Among other nations that oppose the use of Eurobonds, the Netherlands contributes just 5.68 percent, Austria, 2.77 percent, and Finland a paltry 1.79. [...]
Across Southern Europe, many more citizens are asking, what is the point of a supranational entity that is expensive and legally cumbersome, but unable to provide adequate solutions to more than 120 million citizens of Italy, Spain, and Portugal in this dramatic moment?"

it seems that we're approaching the end of the EU project.
  • #1,938
  • Apr 9, 2020 6:08am Apr 9, 2020 6:08am
Quoting Rmg
https://www.youtube.com/watch?v=wUUWoN4LKuE
Yes, the economic and social impact is brutal and violent.
But even a lockdown for some weeks in the world, even for a couple of months, will be accepted , IS ACCEPTED by financial markets if all the counter-measures by Central Banks+Governments will be put in real practice (jobless support, support for all Companies and all workers , fiscal and social measures and so on) and then a partial resume of the economy will start.
Then a potential vaccine will could even start a super strong rally!

But if financial markets will feel that the world economy must stop for months and months + no cure/vaccine has been found.....
this could be a nightmare for real and financial economy!!

So 2 completely different scenarios above but for now financial markets are riding the 1st horizon.
I call upon my father's spirit , watching over me
  • #1,939
  • Apr 9, 2020 6:25am Apr 9, 2020 6:25am
Quoting karuner
https://www.theamericanconservative....nion-crack-up/ "From Italy’s standpoint, there are other considerations as well. Italy contributes more to the EU than it receives; its net annual contribution comes to EUR 20 billion, making it the third largest contributor after Germany and France. This means that the resources granted by the European Union as aid are also partly Italian money. The same applies to the resources of the ESM. Italy contributes 17.80 percent of its resources and Spain 11.83...
1. Italy will go to clash this afternoon on this matter, specially taking into account the point you wrote, no way!
Too many deaths, 60 millions in lockdown since 10 March, all people here are completely behind his Prime Minister (and this is not usual here).
2. Then US is always behind the scenes, do you remember where Pompeo, Fauci, Cuomo, Pelosi, or De Blasio came from?
3. The same for the Netherlands, the will go to a clash!
4. So France and Germany's role as moderator will be crucial to find a decent agreement. Each Country will be asked a step behind, maybe a little step, maybe more we'll see.

Have you seen yd evening PM Conte interview at DER BILD?
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  • #1,940
  • Apr 9, 2020 6:49am Apr 9, 2020 6:49am
Quoting Brixen
Interesting zone now to buy something, I mean current DAX CASH INDEX 10350/10360....even until 1033..zone, remeber yd resistance zone for the whole day! but I have forced myself to stay out!!!!!
DAX CASH INDEX closed yd gap (340 zone was yd highs).
Then yd strong resistance for 8 hours (10300/330 zone) now is acting as support at 1st retest from the above.
I call upon my father's spirit , watching over me
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