DAX Futures Sept 2020 | Forex Factory

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DAX Futures Sept 2020

  • #1
  • First Post: Jun 22, 2020 12:37am Jun 22, 2020 12:37am
New expiration on going, new journal as usual.
DAX CASH INDEX has 2 gaps to close: 11968 (last monday) and 12319 (last friday).
For the whole weekend bad news came out, amplify and driven by usual Sharks and their web.sites friends....only to buy on the sharp dip last midnight futures open on CME and Eurex. I'm totally disenchanted of this well maneuvered financial world by now!!!!
Better go to my manual work early morning, I'll probably start to trade during late morning/afternoon later.

Here below underlined some interesting price levels where DAX CASH INDEX reacted last days.
Attached Image (click to enlarge)
Click to Enlarge Name: DAXH1a.png Size: 36 KB
I call upon my father's spirit , watching over me
  • #2
  • Jun 22, 2020 3:00am Jun 22, 2020 3:00am
Always telling the 1H. I like it as a good compromise between detail and long term view.

On the daily, we're still in the middle and no decision has been taken yet. On one side rising corona cases, on the other a hope for recovery.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 49 KB
  • #3
  • Jun 22, 2020 4:35am Jun 22, 2020 4:35am
340 bought now 1 FDXM
I call upon my father's spirit , watching over me
  • #4
  • Jun 22, 2020 4:36am Jun 22, 2020 4:36am
Quoting Brixen
340 bought now 1 FDXM
Target 380 zone, but additionals 32..zone down to 27..zone.
I call upon my father's spirit , watching over me
  • #5
  • Jun 22, 2020 4:40am Jun 22, 2020 4:40am
Should I trust these BigBoys .....or not?
Anyway they were so able to open S&P500 at 3040/3050 sunday night...we'll see later!
Attached Image
I call upon my father's spirit , watching over me
  • #6
  • Jun 22, 2020 4:48am Jun 22, 2020 4:48am
Quoting Brixen
340 bought now 1 FDXM
328 added now
I call upon my father's spirit , watching over me
  • #7
  • Jun 22, 2020 4:50am Jun 22, 2020 4:50am
Quoting Brixen
{quote} 328 added now
323 added again now
I call upon my father's spirit , watching over me
  • #8
  • Jun 22, 2020 4:52am Jun 22, 2020 4:52am
and 317 added now
I call upon my father's spirit , watching over me
  • #9
  • Jun 22, 2020 4:56am Jun 22, 2020 4:56am
313 now added
I call upon my father's spirit , watching over me
  • #10
  • Jun 22, 2020 4:58am Jun 22, 2020 4:58am
Quoting Brixen
313 now added
309 bought again
I call upon my father's spirit , watching over me
  • #11
  • Jun 22, 2020 5:01am Jun 22, 2020 5:01am
Quoting Brixen
{quote} 309 bought again
I have 6 FDXM 321 exactly at midday!!

270/280 zone a strong support...we'll see if they wish go down below 300 zone or not.....
I call upon my father's spirit , watching over me
  • #12
  • Jun 22, 2020 5:02am Jun 22, 2020 5:02am
Quoting Brixen
{quote} I have 6 FDXM 321 exactly at midday!! 270/280 zone a strong support...we'll see if they wish go down below 300 zone or not.....
296 added 2 position now
I call upon my father's spirit , watching over me
  • #13
  • Jun 22, 2020 5:04am Jun 22, 2020 5:04am
I have 8 FDXM 315
I call upon my father's spirit , watching over me
  • #14
  • Jun 22, 2020 5:14am Jun 22, 2020 5:14am
Quoting Brixen
I have 8 FDXM 315
288 added now
I call upon my father's spirit , watching over me
  • #15
  • Jun 22, 2020 5:15am Jun 22, 2020 5:15am
Quoting Brixen
{quote} 288 added now
and 284 now
I call upon my father's spirit , watching over me
  • #16
  • Jun 22, 2020 5:17am Jun 22, 2020 5:17am
very confident adding of positions today?
  • #17
  • Jun 22, 2020 5:19am Jun 22, 2020 5:19am
Now I have 10 FDXM 308,5.

As I wrote 270/280 zone must hold for FDXM, otherwise.......
I call upon my father's spirit , watching over me
  • #18
  • Jun 22, 2020 5:21am Jun 22, 2020 5:21am
Quoting karuner
very confident adding of positions today?
Not sure about that. But mathematically, you must add a lot after the first 3-4 contracts for the new buys to have some impact.

In theory, you should at least double your exposure on each down wave and reduce at 50%. But in practice you'll have to be more aggressive on both lowering your entry and taking profits or you're working for free.
  • #19
  • Jun 22, 2020 5:22am Jun 22, 2020 5:22am
Quoting Caiuss
{quote} Not sure about that. But mathematically, you must add a lot after the first 3-4 contracts for the new buys to have some impact. In theory, you should at least double your exposure on each down wave and reduce at 50%. But in practice you'll have to be more aggressive on both lowering your entry and taking profits or you're working for free.
And I have 240 as the next stop in the FDXM after 270 fails (quite obvious level).
  • #20
  • Jun 22, 2020 5:22am Jun 22, 2020 5:22am
Quoting karuner
very confident adding of positions today?
Crucial moment next min....300 zone for DAX CASH INDEX and 270 zone for FDXM at retest from the above: hold or break down? we'll see....
I call upon my father's spirit , watching over me
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