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DAX Futures June 2020

  • #4,161
  • May 18, 2020 1:55am May 18, 2020 1:55am
Quoting Brixen
{quote} So 630 zone straight to 760 zone.....interesting , in line with a wild horse move, take into account!
686 is on that thart too. Not drawn because a little under weight. But it's stopping us premarket today. Yes, we rallied a lot already, and games have not started yet.
  • #4,162
  • May 18, 2020 2:16am May 18, 2020 2:16am
Take into account that:
1. today 1st day of freedom here and there are more than 20° at 9CET;
2. my little daughter wish to go the sea after her school video lessons;
3. I'm flat;
4. I probably will not buy anything above 700 zone;
5. I'm thinking to take 1 day off and go to the sea with a couple of my sons........

Anyway prices above 700 could lead to last week gap close 770 zone, no way.
I call upon my father's spirit , watching over me
  • #4,163
  • May 18, 2020 2:30am May 18, 2020 2:30am
Quoting Brixen
Take into account that: 1. today 1st day of freedom here and there are more than 20° at 9CET; 2. my little daughter wish to go the sea after her school video lessons; 3. I'm flat; 4. I probably will not buy anything above 700 zone; 5. I'm thinking to take 1 day off and go to the sea with a couple of my sons........ Anyway prices above 700 could lead to last week gap close 770 zone, no way.
I'd say you probably need a day off.
  • #4,164
  • May 18, 2020 2:38am May 18, 2020 2:38am
703 now bought 1 DAX CFD
I call upon my father's spirit , watching over me
  • #4,165
  • May 18, 2020 2:39am May 18, 2020 2:39am
Quoting Brixen
703 now bought 1 DAX CFD
a decent but fragile support around /above 680 zone for now......
I call upon my father's spirit , watching over me
  • #4,166
  • May 18, 2020 2:44am May 18, 2020 2:44am
hehe – i can't say nothing because i also can't stop.. who wants to let an opportunity pass?
  • #4,167
  • May 18, 2020 2:49am May 18, 2020 2:49am
Quoting Caiuss
{quote} I'd say you probably need a day off.
Many bills to pay Caiuss, mortgage H1 payment , 2 sons without job for this Covid, another need cash to start his new real estate business (suspended by Covid for now), some previous paymenst due to my beloved Mum, ordinary/extraordinary expenses large family, no other decent source of income, only expenses....
If I stop trading, there could be consequences here!
and even when I take an half day off I feel not comfortable on this scenario!
I call upon my father's spirit , watching over me
  • #4,168
  • May 18, 2020 2:55am May 18, 2020 2:55am
Quoting Brixen
703 now bought 1 DAX CFD
stop at 698 (-5) and target 768(+65) for now, current 725......
I call upon my father's spirit , watching over me
  • #4,169
  • May 18, 2020 3:03am May 18, 2020 3:03am
Quoting Brixen
703 now bought 1 DAX CFD
773 now closed
I call upon my father's spirit , watching over me
  • #4,170
  • May 18, 2020 3:06am May 18, 2020 3:06am
Quoting Brixen
{quote} 773 now closed
+70 pips DAX CFDs.

FLAT again.

Probably I'll go to the sea after my little daugher school video lessons at midday.
I will take a decision until midday.
For now stop trading.
I call upon my father's spirit , watching over me
  • #4,171
  • May 18, 2020 3:26am May 18, 2020 3:26am
GM - continually buying the pull backs / higher lows - last but one
for +50. Then selling the LHs.........KISS

Now banked as another HL so a wedge is forming - time for coffee
Attached Image (click to enlarge)
Click to Enlarge Name: may18 dax m1 0823.png Size: 40 KB
Trading Levels with WRBs
  • #4,172
  • May 18, 2020 3:36am May 18, 2020 3:36am
Quoting Islander
GM - continually buying the pull backs / higher lows - last one for +50. Then selling the LHs.........KISS Now banked as another HL so a wedge is forming - time for coffee {image}
Hi Islander, I have a question.

You're indicating the HL with a precision under 1 bar (i.e. you're spot on the bar). This is easy in hindsight, but how do you know that exactly that bar is the HL before the next bar forms? Further, can you pinpoint the moment of the low on that bar, so you can enter in a low risk trade? You can't use the chart as that is lagging. What else do you use?
  • #4,173
  • May 18, 2020 3:47am May 18, 2020 3:47am
Quoting Caiuss
{quote} Hi Islander, I have a question. You're indicating the HL with a precision under 1 bar (i.e. you're spot on the bar). This is easy in hindsight, but how do you know that exactly that bar is the HL before the next bar forms? Further, can you pinpoint the moment of the low on that bar, so you can enter in a low risk trade? You can't use the chart as that is lagging. What else do you use?

Hi Caiuss - I posted this chart from my laptop as an illustration for buying pull backs. I actually trade off a dedicated desktop which I only use for trading - nothing else, not posting, surfing, emailing etc. I also have several M5 charts open on my laptop with additional levels marked

On that machine I have only S20 and M1 open, so I am seeing 3 candles every minute which makes entries around my selected levels much easier and with much less lag. I'll copy and post a chart later

Via my laptop, I post live in a small chat room

Regards

Islander
Trading Levels with WRBs
  • #4,174
  • May 18, 2020 3:54am May 18, 2020 3:54am
Quoting Islander
{quote} Hi Caiuss - I posted this chart from my laptop as an illustration for buying pull backs. I actually trade off a dedicated desktop which I only use for trading - nothing else, not posting, surfing, emailing etc. On that machine I have only S20 and M1 open, so I am seeing 3 candles every minute which makes entries around my selected levels much easier and with much less lag. I'll copy and post a chart later Via my laptop, I post live in a small chat room Regards Islander
Thanks Islander. I too use dedicated computer(s) for trading.
I don't ask for spoon feeding. Just curious about your decision process here.
  • #4,175
  • May 18, 2020 3:58am May 18, 2020 3:58am
OK - as I posted earlier, its coffee time, so I was able to mark up, save and transfer to my laptop this S 20 chart. Hope it helps

20,000+ hours of screen time, 1,000s of saved and analysed charts and 1,000s of day's with every swing analysed also help
Attached Image (click to enlarge)
Click to Enlarge Name: may18 dax s20 0850.png Size: 74 KB
Trading Levels with WRBs
  • #4,176
  • May 18, 2020 4:17am May 18, 2020 4:17am
Quoting Islander
OK - as I posted earlier, its coffee time, so I was able to mark up, save and transfer to my laptop this S 20 chart. Hope it helps {image}
Thank you Islander. I take it you only use charts?
I still don't understand how do you know those "will be" the turning points with a reasonable degree of probability (as it seems from your chart). Perhaps you don't trade all of them ?

Below is a chart from my screens on FDXM. This is S10. You can see where I mark the X. Those are failed swings that actually looked good candidates for a peak.
The V instead mark the successful peaks that were only visible after the fact, most of the time well after the fact and are hard to trade because of a very low R/R.

On a failed entry, I'll usually average scaling up the position and reducing it on break-even (Brixen style, but much tighther).

So far the DAX moves much more that it trades (i.e. quotes move on no-trades and no-volume) and this is the issue I'm struggling with hence the question.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
  • #4,177
  • May 18, 2020 5:14am May 18, 2020 5:14am
Quoting Brixen
It seems markets don't care about US/China rhetoric and focus only on real money and facts. This is a fact, a real fact...... {image}
There's a difference between trading and investing. They bought Carnival, Facebook, Boeing, the banks and a lot of other depressed securities. It does not guarantee those don't halve in price before coming back. They can probably wait a lot longer that what we can.
  • #4,178
  • May 18, 2020 5:25am May 18, 2020 5:25am
Quoting Caiuss
{quote} Thank you Islander. I take it you only use charts? I still don't understand how do you know those "will be" the turning points with a reasonable degree of probability (as it seems from your chart). Perhaps you don't trade all of them ? Below is a chart from my screens on FDXM. This is S10. You can see where I mark the X. Those are failed swings that actually looked good candidates for a peak. The V instead mark the successful peaks that were only visible after the fact, most of the time well after the fact and are hard to trade because of...

Hi Caiuss - I'm happy to continue this discussion, but I don't think Brixen's Trading Journal is the correct place. I suggest my old thread would be better
Trading Levels with WRBs
  • #4,179
  • May 18, 2020 5:32am May 18, 2020 5:32am
Caiuss - like me simplistic Market Structure (HH, HL, LH, LL) is in Jono's blood and is the backbone of trading.
  • #4,180
  • May 18, 2020 6:20am May 18, 2020 6:20am
Quoting Islander
{quote} Hi Caiuss - I'm happy to continue this discussion, but I don't think Brixen's Trading Journal is the correct place. I suggest my old thread would be better
Let's continue there.
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