DAX Futures Sept 2020 | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DAX Futures December 2020 4,555 replies

DAX Futures June 2020 5,691 replies

DAX Futures March 2020 2,084 replies

DAX Futures Sept 2019 2,374 replies

DAX Futures Sept 18 2,382 replies

Attachments: DAX Futures Sept 2020
Exit Attachments

DAX Futures Sept 2020

  • #381
  • Jun 25, 2020 8:28am Jun 25, 2020 8:28am
Quoting Brixen
{quote} +50 pips DAX CFDs Now I have only 2 DAX CFds 095. As I wrote early morning 105/110 zone for FDXM and 130/140 zoen for DAX CASH INDEX a crucial level. If they hold, good chance to see again 12200 zone later.
And this is che DAX FUTURES chart (+25 higher for DAX CASH INDEX prices). 12100 zone must hold to attack in decisive way 12190 and then 12270 zone.
Those are my targets for my positions. Otherwise if they wish to go down......I will wait some minor waves, as usual....
Attached Image (click to enlarge)
Click to Enlarge Name: FDAXSEPTM15.png Size: 43 KB
I call upon my father's spirit , watching over me
  • #382
  • Jun 25, 2020 8:44am Jun 25, 2020 8:44am
071 bought 1 FDXM now
I call upon my father's spirit , watching over me
  • #383
  • Jun 25, 2020 8:53am Jun 25, 2020 8:53am
Quoting Brixen
071 bought 1 FDXM now
094 closed now
I call upon my father's spirit , watching over me
  • #384
  • Jun 25, 2020 8:53am Jun 25, 2020 8:53am
Quoting Brixen
{quote} 094 closed now
+23 pips FDXM

I hold only 2 DAX CFDs 095.
I call upon my father's spirit , watching over me
  • #385
  • Jun 25, 2020 9:08am Jun 25, 2020 9:08am
Probably I was too shy below 12100 zone.....but I had very good gains so far this week but in turbulent ways....so today I'm a little bit calmer.
Inserted Video
I call upon my father's spirit , watching over me
  • #386
  • Jun 25, 2020 9:16am Jun 25, 2020 9:16am
Quoting Brixen
{quote} +23 pips FDXM I hold only 2 DAX CFDs 095.
195 right now closed 1 DAX CFD for +100 pips gain(+20 pips FDXM)
I call upon my father's spirit , watching over me
  • #387
  • Jun 25, 2020 9:18am Jun 25, 2020 9:18am
Now I hold only 1 DAX CFD 12095.
No stop loss, no target for now. It depends if they break or not 12190/210 zone.

I'll back in an hour for European Indices official close.
No orders placed, only manage my small position in place.
I call upon my father's spirit , watching over me
  • #388
  • Jun 25, 2020 9:19am Jun 25, 2020 9:19am
Quoting Brixen
{quote} Otherwise if they wish to go down......I will wait some minor waves, as usual.... {image}
If I can ask, how do you define your smaller or larger waves?
  • #389
  • Jun 25, 2020 10:20am Jun 25, 2020 10:20am
Quoting Caiuss
{quote}If I can ask, how do you define your smaller or larger waves?
Who knows Caiuss, it depends on price speed, price acceleration on spikes ....

but let's try to put in practice your question, tough it's not easy.

1. So we assume that they broke 12100/090. I had 2 positions 095. So I'd waited 12010/12030 zone to add 3 positions more.
Why? Because on today chart and on some previous days (friday 12 for instance, or monday 15) that zone stopped downtrend 2 times.
In this way I'd had 5 positions around 12050 zone to scale out/reduce at 1st new attempt to test from below 12090/12100 zone.
2. but if they went down to 11970 or 11909 , what should I've done? I'd added 4 positions 970 and then reduced most positions at 12010 zone retest, my new breakeven.

But int he end I do not recommend this stupid Brixen way to anyone and ther's no an exact reply to your question. There can't be....
Major and minor waves are always part of this job and surf these waves is highly dangerous if you are not able to swim very well, specially when you are beneath the waters.....
I call upon my father's spirit , watching over me
  • #390
  • Jun 25, 2020 10:22am Jun 25, 2020 10:22am
Quoting Brixen
Now I hold only 1 DAX CFD 12095. No stop loss, no target for now. It depends if they break or not 12190/210 zone. I'll back in an hour for European Indices official close. No orders placed, only manage my small position in place.
Stop profit placed now at 12145 (+50) for my last position in place from 12095, at the break of 200 zone.
Target 12295 (+200).
I call upon my father's spirit , watching over me
  • #391
  • Jun 25, 2020 10:50am Jun 25, 2020 10:50am
Interesting to see how Dax's action today has been contained within the two lower 15 Day POC levels as shown on my updated hourly chart of Dax Cash

Dutchy Daxy would be taking note as he's the expert on Market Profile
Attached Image (click to enlarge)
Click to Enlarge Name: jne25 dax m60 x cls.png Size: 114 KB
Trading Levels with WRBs
  • #392
  • Jun 25, 2020 11:04am Jun 25, 2020 11:04am
Quoting Islander
Interesting to see how Dax's action today has been contained within the two lower 15 Day POC levels as shown on my updated hourly chart of Dax Cash Dutchy Daxy would be taking note as he's the expert on Market Profile {image}
Yes, you're right and since last days I have 12250 as mid point of last days big swing, 12900 and 11600.
I call upon my father's spirit , watching over me
  • #393
  • Jun 25, 2020 11:06am Jun 25, 2020 11:06am
Quoting Brixen
{quote} Stop profit placed now at 12145 (+50) for my last position in place from 12095, at the break of 200 zone. Target 12295 (+200).
Stop profit shifted now at 195(+100) and target at 295 (+200).
I call upon my father's spirit , watching over me
  • #394
  • Jun 25, 2020 11:11am Jun 25, 2020 11:11am
Just went out....
Attached Image
I call upon my father's spirit , watching over me
  • #395
  • Edited Jun 26, 2020 3:28am Jun 25, 2020 11:18am | Edited Jun 26, 2020 3:28am
Quoting Brixen
{quote} Who knows Caiuss, it depends on price speed, price acceleration on spikes .... but let's try to put in practice your question, tough it's not easy. 1. So we assume that they broke 12100/090. I had 2 positions 095. So I'd waited 12010/12030 zone to add 3 positions more. Why? Because on today chart and on some previous days (friday 12 for instance, or monday 15) that zone stopped downtrend 2 times. In this way I'd had 5 positions around 12050 zone to scale out/reduce at 1st new attempt to test from below 12090/12100 zone. 2. but if they went...
Ok, I get it. You do something very similar, so I was curious if you did some measurement on the waves other than the "obvious" levels.
The difference in my style is that I take max losses more often that you and a much smaller fixed max percentage loss of my account, so that I will take many, I mean many, consecutive days of max drawdown for me to wipe it. I also have other protections that will force me to rethink my strategy in case of major damage.

These stops are in place because in the past I wiped a very big account caused by my own reality denial despite a huge position and big loss and a price action that did not let me get out for several days (yes, total sell off over 3 days on a single stock). It's harder to do so in futures.

Now, I could've come on top like you did buy enduring another 100 point drawdown either by not buying anything more of by averaging down with an additional drawdown at the 12K level.

So, I'll take light positions in the DAX and ES for that matter for a few days to sync back with the market before I try anything major with them. This is my way and this is the way I'm still alive.

I'd like to tell you an anecdote. A guy I knew over the internet shorted QCOM in January '99. It was the .COM boom, everybody was excited. So, his fundamental analysis told him QCOM was toast. Their technology was bad and they were doomed. He shorted about 500K USD of it and kept adding and adding over several days and weeks until his position was over 1Million. By april the stock doubled and the guy added more. He liquidated all his portfolio to pump more shorts in QCOM. At the end the stock doubled again and he lost over 2 million USD, liquidating his account at 0. He disappeared and I've never heard anything from him again. I'm not sure what happened and if he's still alive. I hope he moved on.

By December 1999 QCOM went to a valuation that was about 20 times more than the price it had when this guy started his short without conceding a single wave or a chance to get out. He could have lost 20-40 millions on this trade easily before getting some sort of decline that allowed him to exit at BE.

I'm writing this as a "warning" for whoever reads it and thinks it's easy. We all are subject to our mistakes and pay for them with good money, and more.
It's a never ending journey.
  • #396
  • Jun 25, 2020 11:45am Jun 25, 2020 11:45am
Sad for your losses. what can I say more...Fast Reaction is needed to regain confidence and will to trade in positive way!

I'm not proud of my current style and I do not reccomend to toher traders.
I'm aware the risks inside, so I know that I must reduce or even close my positions when I'm wrong.
This is my way to have a stop, possibly soft stop stop loss when things go wrong. When my entry price is too far away from current price I have to take some losses, and always I must reduce positions after I've added. Otherwise I'm dead, I am aware.....

Then I have 3 different kind of bullets to shot, DAX CFDs, FDXM and FDAX, so I'm ready to my next battle......possibly with both feet on the ground!!!

All the best Caiuss and good luck for your next trades!
I call upon my father's spirit , watching over me
  • #397
  • Jun 25, 2020 11:49am Jun 25, 2020 11:49am
Quoting Brixen
{quote} Stop profit shifted now at 195(+100) and target at 295 (+200).
Stop profit now shifted again at 245 (+150) and target always 295(+200) for my last DAX CFD from 095.
I call upon my father's spirit , watching over me
  • #398
  • Jun 25, 2020 12:18pm Jun 25, 2020 12:18pm
Where they are going?.......
Attached Image (click to enlarge)
Click to Enlarge Name: USSP500.png Size: 39 KB
I call upon my father's spirit , watching over me
  • #399
  • Jun 25, 2020 12:22pm Jun 25, 2020 12:22pm
OK, my last position was closed at stop profit 245 for +150 pips DAX CFD min ago=+30 pips FDXM

So done my day:+26+10+23+20+30=TOTAL +109 pips FDXM.
I call upon my father's spirit , watching over me
  • #400
  • Jun 25, 2020 12:23pm Jun 25, 2020 12:23pm
Quoting Brixen
Sad for your losses. what can I say more...Fast Reaction is needed to regain confidence and will to trade in positive way! I'm not proud of my current style and I do not reccomend to toher traders. I'm aware the risks inside, so I know that I must reduce or even close my positions when I'm wrong. This is my way to have a stop, possibly soft stop stop loss when things go wrong. When my entry price is too far away from current price I have to take some losses, and always I must reduce positions after I've added. Otherwise I'm dead, I am aware........
Thank you Brixen. Luck is welcome but I hope it's not needed or I'm in trouble
8 traders viewing now