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Attachments: DAX Futures June 2020
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DAX Futures June 2020

  • #5,541
  • Jun 15, 2020 12:32pm Jun 15, 2020 12:32pm
Kind of running out of steam here. Feels sluggish. We need more juice to go up now.
  • #5,542
  • Jun 15, 2020 1:47pm Jun 15, 2020 1:47pm
Done my day:+6,5+11,5+27,5+2+9+24+40++64+80+104=TOTAL +368,5 pips FDXM
and +85+210+55=TOTAL +350 pips DAX CFDs (=+70 pips FDXM).

So for today TOTAL:+438,5 pips FDXM.
I hold 1 DAX CFDs 11898 overnight. Target 12200 zone for tomorrow or add below 11900 zone.

It's alright, it's OK, I enjoy for today....because nothing's sure about tomorrow (Lorenzo the Magnificent, Firenze 1490 a.c.)
Inserted Video
I call upon my father's spirit , watching over me
  • #5,543
  • Jun 15, 2020 1:50pm Jun 15, 2020 1:50pm
Quoting Brixen
{quote} Hi, RenkoBuddy. Your post was showed only a couple hours ago, probably because you are a new member here. Anyway you seem well experienced on trading, so what can I say..... Yes, it's true , European open and US open hours are potential trader's paradise hours, if we catch right direction, but these days every hour, included sunday night are plenty of chances to good trades. Luckily I use to sleep at night and I try to exploit the most European hours, but often I trade 14 hours per day, specially these wild...
Thanks for the reply.

Hopefully admins will change my status over the next few months, so my posts don't have to be monitored.

Yeah its hectic times at the moment, lots of opportunities. But my track record with trading long hours usually ends with wiping most of my daily gains. Been a lot happier with profiting and accepting it for the day. Trading session zones keeps me more mentally prepared. As you said EU and US open provide a paradise and enough to make a decent daily living off.

Goodluck too, hope you catched the afternoon push through 12000
  • #5,544
  • Jun 15, 2020 3:06pm Jun 15, 2020 3:06pm
Details of daily positions on GER30 ( DAX )

8:00-11:00 EU session
2 positions
Both ended in losses.
2 x -35 pips

Missed the bull run out of ICHI cloud, but didn't want to add to loss if trade went back below ICHI.

13:30-15:00 EU/US cross session
2 Positions
1 Closed at break-even
1 Closed with 120pips profit

1 extra position
exploited some relief from the US sessions large bull run, went against rules. but felt comfortable taking the trade
50pip profit

Total 100 pips profit
https://www.tradingview.com/chart/DE...30-15-06-2020/

Great first day trading the GER30, going to stick to this over FX pairs.
The movements seem a lot more predictable and stable with my RENKO charts.
My guess it thats it due to more stock performance,

If anyone has info that can help me learn more about the traits of the DAX. Happy to read it
Attached Image (click to enlarge)
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  • #5,545
  • Jun 16, 2020 12:55am Jun 16, 2020 12:55am
Quoting Brixen
Done my day:+6,5+11,5+27,5+2+9+24+40++64+80+104=TOTAL +368,5 pips FDXM and +85+210+55=TOTAL +350 pips DAX CFDs (=+70 pips FDXM). So for today TOTAL:+438,5 pips FDXM. I hold 1 DAX CFDs 11898 overnight. Target 12200 zone for tomorrow or add below 11900 zone. It's alright, it's OK, I enjoy for today....because nothing's sure about tomorrow (Lorenzo the Magnificent, Firenze 1490 a.c.) https://www.youtube.com/watch?v=Kc7D-5ksJys
I will close around 12290/12300 zone at the European open next min my last DAX CFD bought yd at 11898.
I will not trade today,cause I have to help my son in his new business, I'll back from time to time during the afternoon,
I call upon my father's spirit , watching over me
  • #5,546
  • Jun 16, 2020 1:02am Jun 16, 2020 1:02am
Quoting Brixen
{quote} I will close around 12290/12300 zone at the European open next min my last DAX CFD bought yd at 11898. I will not trade today,cause I have to help my son in his new business, I'll back from time to time during the afternoon,
Closed at 12288 seconds ago for +390 pips DAX CFD gain.
I call upon my father's spirit , watching over me
  • #5,547
  • Jun 16, 2020 1:07am Jun 16, 2020 1:07am
12471 on the upside and 11968 on downside the gaps to close for DAX CASH INDEX.
But gaps can lasts for days, weeks, who knows. They are a refer, not a religion, imho.

Good luck to all friends here, see you later in the afternoon.
I call upon my father's spirit , watching over me
  • #5,548
  • Jun 16, 2020 1:30am Jun 16, 2020 1:30am
Quoting RenkoBuddy
If anyone has info that can help me learn more about the traits of the DAX. Happy to read it {image}
don't know a lot about trading with renko charts. are you using the ichimoku for generating signals?

would expect dax to be erratic this week because options and futures contracts ending on friday. normally, but since it's already volatile and other factors dominate movements now, it might be not so important
  • #5,549
  • Jun 16, 2020 2:25am Jun 16, 2020 2:25am
Quoting karuner
{quote} don't know a lot about trading with renko charts. are you using the ichimoku for generating signals? would expect dax to be erratic this week because options and futures contracts ending on friday. normally, but since it's already volatile and other factors dominate movements now, it might be not so important
Kind of, I use the ICHI to identify the current direction of price, and try to not add positions whilst its inside the CLD. this typically shows me ranging areas before a breakout. a Brick that starts to break either the top or bottom I include as a tradable signal

ABOVE ICHI = BUYS
BELOW ICHI = SELLS

Brought this indicator a few years back (MARTIN TREND LINE CANDLES) which is just a glorified MA and also changes the candle/bricks when the MA is crossed.

But as shown on the attached screenshot. A basic MA can achieve the same signals.

Exit is the same principle. I will hold untill it closes back above/below MTCL MA. Or hold depending on current action. If price is only 1 Brick above/below the MA and starts to move back in positive direction I tend to hold and let the trade run more.

Also attached are my setups for this mornings session.
Currently stuck in ICHI looking for direction. Neutral Bias currently.

Come in with a PLAN, and come out with profits hopefully.
GL
Attached Image(s) (click to enlarge)
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  • #5,550
  • Jun 16, 2020 3:35am Jun 16, 2020 3:35am
GM nasty range bound action so far so will wait for US Session.

Renko Buddy - you might also like to look at Dutchy Daxy's thread - he uses Renko / Range Bar charts with Ichi and Market Profile

https://www.forexfactory.com/showthr...19560&page=309

Regards
Trading Levels with WRBs
  • #5,551
  • Jun 16, 2020 6:12am Jun 16, 2020 6:12am
Quoting Islander
GM nasty range bound action so far so will wait for US Session. Renko Buddy - you might also like to look at Dutchy Daxy's thread - he uses Renko / Range Bar charts with Ichi and Market Profile https://www.forexfactory.com/showthr...19560&page=309 Regards
Yes, Islander is right: Dutchy is a Master and you can find all you need. Stay connected with him and you'll find the light in your Renko strategy.

No indicators, no technical inputs here!
Rarely some trendline on Daily TF, sometimes our great MAESTRO LEONARDO calculation and always potential price levels/targets for next hours.
On the other hand we have many travel pics, good music, football preview and sensational food suggestions on this journal......
I call upon my father's spirit , watching over me
  • #5,552
  • Jun 16, 2020 6:17am Jun 16, 2020 6:17am
13:15CET chart update: waiting for US FED Powell at the Bank Senate Commission.
12300 stopped so far and last thursday every rebound, and this will remain the key for next market move.
Attached Image (click to enlarge)
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I call upon my father's spirit , watching over me
  • #5,553
  • Jun 16, 2020 6:29am Jun 16, 2020 6:29am
Finally it seems SEPTEMBER DAX Future is having some interests today, I guess Institutionals are stepping in, while FDXM SEPT is sleeping yet.....
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: FDXM.PNG Size: 30 KB
I call upon my father's spirit , watching over me
  • #5,554
  • Edited 7:58am Jun 16, 2020 7:48am | Edited 7:58am
Better than expected US Retails Sales has sent Dow up another 250 pts with Dax following and up 70 more pts to its 12,400 BRN so its now pulled back 61.8% of its last few days of losses....

I'm a long time user of Maestro Leonardo's work and have met his current flag bearer Carolyn Boroden aka The Fibonacci Queen and had dinner with her in Chicago. Her work on confluences of several levels of retracements and expansions together with the time sequence is well worth studying!
Trading Levels with WRBs
  • #5,555
  • Jun 16, 2020 8:19am Jun 16, 2020 8:19am
Quoting Islander
Better than expected US Retails Sales has sent Dow up another 250 pts with Dax following and up 70 more pts to its 12,400 BRN so its now pulled back 61.8% of its last few days of losses.... I'm a long time user of Maestro Leonardo's work and have met his current flag bearer Carolyn Boroden aka The Fibonacci Queen and had dinner with her in Chicago. Her work on confluences of several levels of retracements and expansions together with the time sequence is well worth studying!
Thanks Islander, I'm away from my home probably whole day, as I wrote early morning and doing some hard manual work together with my son.
So I will not trade today until this evening, what do you think about a 300/270 zone re.buy on retest from the above???
I call upon my father's spirit , watching over me
  • #5,556
  • Edited 8:55am Jun 16, 2020 8:41am | Edited 8:55am
Quoting Brixen
{quote} Thanks Islander, I'm away from my home probably whole day, as I wrote early morning and doing some hard manual work together with my son. So I will not trade today until this evening, what do you think about a 300/270 zone re.buy on retest from the above???

Apologies, I too was AFK this morning working on Nautical jobs and so missed that post.

As the main driver most of the time after lunch are the US Indices, I'll be watching to see how far they pull back towards their late morning low around 13:00 CET before buying dax. If their PB stay's above their 61.8% levels, I doubt Dax will move much if any beyond Dax's 618 which I have at 12,322 cash. TWT
Trading Levels with WRBs
  • #5,557
  • Jun 16, 2020 9:01am Jun 16, 2020 9:01am
Dow PB ~70% to BRN, S&P / Dax ~50% with m1 HL in Dx at 15:50 cet - bought before Powell's speech, SL now +20

Edit: closed +25 indifferent PA. Too risky for me with Powell speaking
Trading Levels with WRBs
  • #5,558
  • Jun 16, 2020 10:05am Jun 16, 2020 10:05am
Just come back to my home....
Thanks Islander for all your infos.
I call upon my father's spirit , watching over me
  • #5,559
  • Jun 16, 2020 10:06am Jun 16, 2020 10:06am
220 and 230 zone bought 2 DAX CFDs sec ago
I call upon my father's spirit , watching over me
  • #5,560
  • Jun 16, 2020 10:11am Jun 16, 2020 10:11am
300 pts wide range today for DAX CASH INDEX, the middle stands around 280 zone......
I call upon my father's spirit , watching over me
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