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DAX Futures Sept 2020

  • #861
  • Jul 13, 2020 5:21am Jul 13, 2020 5:21am
OK, for now we must wait los gringos from New York. There's nothing for now.
I hold my DAX CFD from 719.

Alerts at 690 zone and above 800 zone.
I call upon my father's spirit , watching over me
  • #862
  • Jul 13, 2020 5:26am Jul 13, 2020 5:26am
Posted elasewhere:

GM - New ATH in NAS pulled other indices up during early trading with Dax up to its MR 2 area before it retraced to ~its 38:2% retrace of its range from Friday's Low. Nas only retraced ~ 18%, S&P ~21%.

As long as the Higher Low at 9:00 GMT holds we can expect higher prices towards the BRN and possibly the MR 2 area.

Note that on my hourly chart, there is the 1.618 Fib Expansion at 10,882 cash, which is the area of this morning's low....
Attached Image (click to enlarge)
Click to Enlarge Name: jly13 dx m1 0942.png Size: 44 KB
Trading Levels with WRBs
  • #863
  • Jul 13, 2020 5:30am Jul 13, 2020 5:30am
Quoting MaverickV71
The SPX has a very different personality compared to the DAX and FTSE. Anyone unfamiliar with the US markets should proceed with caution. A long period of observation and/or demo trading should be done before putting any money on it. The last few months the SPX price action has been very similar to that of AAPL.
Hi MaverickV71, very impressive your logo, where are you from?
Yes, you're right, but as I wrote previously it's only a refer for me. I will not trade US, I'm loyal to Franfurt/Zurich DAX/FDXM.
Then I'm not able to trade anything else, and I have many difficulties to trade same time DAX CFds and DAX Futures.

So let's say, only 1 financial tool to trade but very explosive and enough to gain or to loose a lot........
I call upon my father's spirit , watching over me
  • #864
  • Jul 13, 2020 5:32am Jul 13, 2020 5:32am
Quoting Islander
Posted elasewhere: GM - New ATH in NAS pulled other indices up during early trading with Dax up to its MR 2 area before it retraced to ~its 38:2% retrace of its range from Friday's Low. Nas only retraced ~ 18%, S&P ~21%. As long as the Higher Low at 9:00 GMT holds we can expect higher prices towards the BRN and possibly the MR 2 area. Note that on my hourly chart, there is the 1.618 Fib Expansion at 10,882 cash, which is the area of this morning's low.... {image}
Posted on Islander journal min ago...
Attached Image (click to enlarge)
Click to Enlarge Name: Islander.PNG Size: 29 KB
I call upon my father's spirit , watching over me
  • #865
  • Jul 13, 2020 5:45am Jul 13, 2020 5:45am
Quoting Brixen
{quote} Posted on Islander journal min ago... {image}

Thanks for your post in my old Journal.

I thought that the Fibonacci levels would be of interest here, so copied my post.

As you said, and we can see from the chart, Dax now waiting for input from the US Traders so time for some lunch
Trading Levels with WRBs
  • #866
  • Jul 13, 2020 7:12am Jul 13, 2020 7:12am
Quoting Brixen
{quote} Hi MaverickV71, very impressive your logo, where are you from? Yes, you're right, but as I wrote previously it's only a refer for me. I will not trade US, I'm loyal to Franfurt/Zurich DAX/FDXM. Then I'm not able to trade anything else, and I have many difficulties to trade same time DAX CFds and DAX Futures. So let's say, only 1 financial tool to trade but very explosive and enough to gain or to loose a lot........
Me? I'm from everywhere and nowhere in particular. A bit like you.

I first started trading the DAX in 2011 and it is now my preferred instrument. The moves in the mornings you can live off. I trade the 5min tf.

In the afternoons the picture changes, usually for the worse. Last Thursday I consider unusual, but won't be surprised to see more of in the coming months. In the half hour before the DAX closes it seems to have a mind of its own as the Germans square up for the day. Imho the DAX then follows the FTSE action as they approach their closing time. After 5.30pm CET it generally follows the SPX.

If you are intent on trading the SPX I'd say to avoid the first 30 minutes of the open of the US markets. In that time either the High OR the Low of the day will have been hit. (Known as the "10 o'clock Rule"). I've crunched the numbers and this is true for 80% of weeks. After that it settles down once the bucket orders are out of the way and an intraday trend sets in for a few hours. Don't have any positions open over lunch as they "switch the computers on" and it tends to be rangebound. The best time of day to trade the SPX is the final hour.

My trading records show my mornings to be profitable generally and my losses tend to happen when the US market is open.
RULE 1: Trade what you see, not what you think.
  • #867
  • Jul 13, 2020 8:02am Jul 13, 2020 8:02am
Quoting MaverickV71
{quote} Me? I'm from everywhere and nowhere in particular. A bit like you. I first started trading the DAX in 2011 and it is now my preferred instrument. The moves in the mornings you can live off. I trade the 5min tf. In the afternoons the picture changes, usually for the worse. Last Thursday I consider unusual, but won't be surprised to see more of in the coming months. In the half hour before the DAX closes it seems to have a mind of its own as the Germans square up for the day. Imho the DAX then follows the FTSE action as they approach their...
1. very impressive sentence "from everywhere and nowhere" , sounds a bit mysterious..........; I was born and lived many years 40 km. from Austrian border, German language zone, but my blood is totally Mediterranean, sometimes too hot to control.......
2. last thursday was the same as 20 Feb, thursday, and the recover they had after official hours was an unexpected gift for my rash long positions.
3. Haven't noticed so far a decent coorelation with London FTSE, specially after Brexit mess, but I will look again;
4. No I have no intention to trade US indices. If Caiuss will open a specific journal for US, I will follow his journal, but no trades for me, specially these days that I'm working same time as blue collar and as a trader (typically white collar job)
5. It seems you are a well experienced professional trader, you're welcome here! Probably as new member on FF your posts have a little bit of delay, I guess.
6. So better stop your trades at European lunch to avoid your typical losses......in this way you will have only gree pips day I'm joking, we often have jokes here, specially if things go well, otherwise is the pure hell!!!!

OK, see you here, if you wish.
I call upon my father's spirit , watching over me
  • #868
  • Jul 13, 2020 8:10am Jul 13, 2020 8:10am
DAX FUTURES chart update: very clear situation.......I hold my DAX CFD 719 without stop and with no target for now.
Additional on potential retest today's lows and attempt to close last friday's DAX CASH INDEX gap at 650 zone.
Otherwise AMEN, I will wait for the new leg higher!
Attached Image (click to enlarge)
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I call upon my father's spirit , watching over me
  • #869
  • Jul 13, 2020 8:28am Jul 13, 2020 8:28am
Quoting Brixen
{quote} 1. very impressive sentence "from everywhere and nowhere" , sounds a bit mysterious..........; I was born and lived many years 40 km. from Austrian border, German language zone, but my blood is totally Mediterranean, sometimes too hot to control....... 2. last thursday was the same as 20 Feb, thursday, and the recover they had after official hours was an unexpected gift for my rash long positions. 3. Haven't noticed so far a decent coorelation with London FTSE, specially after Brexit mess, but I will look again; 4. No I have no intention...
1) I know ST. We have friends in Bruneck. Ich lehr noch Deutsch.
2) The curious thing about trading is that you can trade well and lose money, but also trade badly and make money.
3) Most of the morning the DAX follows the FTSE almost to the second; slightly less so this year.
4) The US is a much more technical market with much more HFT influence, Fib levels, etc.
5) I'm a slow learner but I get there. I'm trying to figure out your method. Any posts that might clarify?
6) Agreed.
RULE 1: Trade what you see, not what you think.
  • #870
  • Jul 13, 2020 8:34am Jul 13, 2020 8:34am
Huge gap up on main US Indices: NASDAQ100 ONLY 30 points from 11k level.

US S&P500 gap to close from last friday stands at 3187, current 3212,5.

It seems we are back on 2000 Internet markets bubble......
I call upon my father's spirit , watching over me
  • #871
  • Jul 13, 2020 8:37am Jul 13, 2020 8:37am
Quoting Brixen
Huge gap up on main US Indices: NASDAQ100 ONLY 30 points from 11k level. US S&P500 gap to close from last friday stands at 3187, current 3212,5. It seems we are back on 2000 Internet markets bubble......
And obviously SOX lead the game with his NVIDIA leader, nearly +3% after few minutes......
Attached Image (click to enlarge)
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I call upon my father's spirit , watching over me
  • #872
  • Jul 13, 2020 8:39am Jul 13, 2020 8:39am
700 zone and below placed some FDXM buy orders, current 719.....
I call upon my father's spirit , watching over me
  • #873
  • Jul 13, 2020 8:45am Jul 13, 2020 8:45am
Waiting around there, otherwise AMEN, I will go on with my small DAX CFD 719....
Attached Image (click to enlarge)
Click to Enlarge Name: FDAXSEPTM15.png Size: 28 KB
I call upon my father's spirit , watching over me
  • #874
  • Jul 13, 2020 8:51am Jul 13, 2020 8:51am
Tempted to entry with 1 FDXM.......keep calm Brixen!
I call upon my father's spirit , watching over me
  • #875
  • Jul 13, 2020 8:52am Jul 13, 2020 8:52am
716 now triggered 1 FDXM
I call upon my father's spirit , watching over me
  • #876
  • Jul 13, 2020 9:01am Jul 13, 2020 9:01am
They have to clean some stops downside if they wish to go higher...probably
I call upon my father's spirit , watching over me
  • #877
  • Jul 13, 2020 9:03am Jul 13, 2020 9:03am
705 added now
I call upon my father's spirit , watching over me
  • #878
  • Jul 13, 2020 9:03am Jul 13, 2020 9:03am
Quoting Brixen
705 added now
I have now 2 FDXM 710,5 + 1 DAX CFD 719.
I call upon my father's spirit , watching over me
  • #879
  • Jul 13, 2020 9:05am Jul 13, 2020 9:05am
Quoting Brixen
{quote} I have now 2 FDXM 710,5 + 1 DAX CFD 719.
718 closed 1 FDXM now
I call upon my father's spirit , watching over me
  • #880
  • Jul 13, 2020 9:06am Jul 13, 2020 9:06am
Quoting Brixen
{quote} 718 closed 1 FDXM now
+7,5 pips FDXM
I call upon my father's spirit , watching over me
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