DAX Futures Sept 2020 | Page 72 | 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

  • #1,421
  • Jul 23, 2020 8:05am Jul 23, 2020 8:05am
Quoting Caiuss
{quote} The battle of the have-nots. It's not their money that we want or need. It's the money of those who have money that we want. ---- PS: I must shut up now, or I'll get very very unpopular. {image}
You're right, nowadays its not the newbies who are funneling in money at the base of the pyramid, its scared central banks.

In case anyone doesn't know this, the US Fed is a share issuing-company established in 1913. Who are its shareholders? The banks.

In 2017 it made over $100 billion in profits. $2.3 billion it distributed as dividends to the banks, the rest it handed over to the US Treasury.

Make of that what you will.
RULE 1: Trade what you see, not what you think.
  • #1,422
  • Jul 23, 2020 8:13am Jul 23, 2020 8:13am
Quoting MaverickV71
{quote} You're right, nowadays its not the newbies who are funneling in money at the base of the pyramid, its scared central banks. In case anyone doesn't know this, the US Fed is a share issuing-company established in 1913. Who are its shareholders? The banks. In 2017 it made over $100 billion in profits. $2.3 billion it distributed as dividends to the banks, the rest it handed over to the US Treasury. Make of that what you will.
the printing press is working hard until the us election. As for newbies best go to the beach like Brixen does. Buy a gelato and enjoy yourself.
Attached Image
  • #1,423
  • Jul 23, 2020 8:21am Jul 23, 2020 8:21am
Quoting LuckyPunk
{quote} Indeed, rookie here but eager to learn! Thanks for explanation on DAX/MiniDax and CFDs. Good luck!!
Food for thought for the Novices:
absolute terrible asset to start on... volatility will eat you alive (Risk Management / correct position sizing / what time frame are you trading,/ whats your expectations risk to reward / probability management) if you are not sound on the preceding hold your horses..... normally one will need minimum 6months trading other less vicious assets before you start trying to ride a wild horse like the Dax30 /or for example Gold IMHO . and besides those fundamentals trading is about changing everything your brain understands about your survival mechanisms, you need to circumvent your emotion- to thinking process when it comes to trading. There are books that help with that.

I'd humbly suggest you get foundations with recommended books by Van Tharp - Trading beyond the matrix, emotion free trading, phantoms gift by Art Simpson.... start to work on your system/ strategy devise a trading plan modeled against rules that you learnt while practicing in a demo account what works and what doesn't then you will need many hours infront of a screen practicing.... many many hours. When you have understood the balance of what is required to win at a losers game you will possibly be ready to survive and make a living here.
But practise in a demo account 1st, only if youre successful there you should start live.

best of wishes, i hope I was not out of place to give this advice but like all advice in the world one may either take it or they leave it.
The more you learn, the more you see
  • #1,424
  • Jul 23, 2020 9:01am Jul 23, 2020 9:01am
Quoting LuckyPunk
{quote} Indeed, rookie here but eager to learn! Thanks for explanation on DAX/MiniDax and CFDs. Good luck!!

You are indeed Lucky that Brixen took time to answer your question which has been asked several times before.

Its best here in FF to always read the first post in any thread - and IMO all of the tread - before jumping in with a question. There are threads were the first page contains explicit instructions and failure to obey them will result in an immediate ban from posting in that thread.

As for trading Dax, a good suggestion is to only put 1/3 or 1/4 of your trading capital actually into your trading account, keeping the balance safely in your bank.

That way, when you get your First Margin Call - WHICH YOU WILL - you will have untouched capital ready to start again.

Happy Trading
Trading Levels with WRBs
  • #1,425
  • Jul 23, 2020 9:21am Jul 23, 2020 9:21am
Quoting Marcusv007
{quote} Food for thought for the Novices: absolute terrible asset to start on... volatility will eat you alive (Risk Management / correct position sizing / what time frame are you trading,/ whats your expectations risk to reward / probability management) if you are not sound on the preceding hold your horses..... normally one will need minimum 6months trading other less vicious assets before you start trying to ride a wild horse like the Dax30 /or for example Gold IMHO . and besides those fundamentals trading is about changing everything your brain...

Thanks for such clear and instructive trading advise!! i'm really surprise how you guys are collaborative and supportive (rare thing this days).

TBH i leaning markets for some time and read good amount of material (at the moment reading Al Brooks PAT book) i'll check you suggestion after this one (maybe i'm focusing to much on technical and not mind set...
I made some money but giving it all back and more, all in FX...
Feeling in the need to try some thing different...,I'm aware DAX it's one of the most volatile assets out there but i need to try it

I'm here to learn form experience traders so i can become better... and eventually help other to become better..
  • #1,426
  • Jul 23, 2020 9:44am Jul 23, 2020 9:44am
Rubbish ranges whilst we wait for unexpected news to inject some volatility.

Now that 50 EMA that I've just added does seems to catch many Pull Backs in a trend, + my 2% Envelope seems to act as a good alert to Over Bought / Sold conditions for Dax.

Wouldn't it be nice IF we got another 50% retrace TWT
Attached Image (click to enlarge)
Click to Enlarge Name: jly23 dax m601435.png Size: 96 KB
Trading Levels with WRBs
  • #1,427
  • Jul 23, 2020 9:54am Jul 23, 2020 9:54am
This morning, the range for the 4 hours from XO was only 85 pts - about half of the recent ranges

This afternoon's - from NYO - so far is no better
Attached Image (click to enlarge)
Click to Enlarge Name: jly23 dax m1 1105.png Size: 51 KB
Trading Levels with WRBs
  • #1,428
  • Jul 23, 2020 9:58am Jul 23, 2020 9:58am
Quoting Islander
This morning, the range for the 4 hours from XO was only 85 pts - about half of the recent ranges This afternoon's - from NYO - so far is no better {image}
It is what it is.
In this cases I play mean reversion and increase size. My size is always a function of realized and forecast volatility.
  • #1,429
  • Jul 23, 2020 10:04am Jul 23, 2020 10:04am
Time for a swim.....
Attached Image (click to enlarge)
Click to Enlarge Name: Cala Petit.jpg Size: 124 KB
Trading Levels with WRBs
  • #1,430
  • Jul 23, 2020 10:49am Jul 23, 2020 10:49am
089 just bought 1 FDXM
I call upon my father's spirit , watching over me
  • #1,431
  • Jul 23, 2020 10:50am Jul 23, 2020 10:50am
15 posts last 4 hours, while I was away at the sea......that's incredible!!
I call upon my father's spirit , watching over me
  • #1,432
  • Jul 23, 2020 10:51am Jul 23, 2020 10:51am
Quoting Brixen
089 just bought 1 FDXM
080 zoen and specially down 050/060 zone a decent support last hours.....I mean FDXM
I call upon my father's spirit , watching over me
  • #1,433
  • Jul 23, 2020 10:52am Jul 23, 2020 10:52am
Quoting Brixen
089 just bought 1 FDXM
079 and 080 added now
I call upon my father's spirit , watching over me
  • #1,434
  • Jul 23, 2020 10:56am Jul 23, 2020 10:56am
Quoting Brixen
{quote} 079 and 080 added now
Reduced now at 090 1FDXM.
I have now 2 FDXM 082,5
I call upon my father's spirit , watching over me
  • #1,435
  • Jul 23, 2020 10:57am Jul 23, 2020 10:57am
As usual Brixen is moving a little bit early......
DAX FUTURES chart updated here below
Attached Image (click to enlarge)
Click to Enlarge Name: FDAXSEPTM15.png Size: 36 KB
I call upon my father's spirit , watching over me
  • #1,436
  • Jul 23, 2020 10:58am Jul 23, 2020 10:58am
Quoting Brixen
{quote} Reduced now at 090 1FDXM. I have now 2 FDXM 082,5
+7,5 pips FDXM
I call upon my father's spirit , watching over me
  • #1,437
  • Jul 23, 2020 11:00am Jul 23, 2020 11:00am
Quoting Brixen
As usual Brixen is moving a little bit early...... DAX FUTURES chart updated here below {image}
you'd make a good money manager for a larger porfolio, with a few hundred contracts per trade
  • #1,438
  • Jul 23, 2020 11:02am Jul 23, 2020 11:02am
US November election push US Administration for a mass vaccine, just went out from Trump's FOX friends.....
Attached Image (click to enlarge)
Click to Enlarge Name: Vaccine2.PNG Size: 55 KB
I call upon my father's spirit , watching over me
  • #1,439
  • Jul 23, 2020 11:04am Jul 23, 2020 11:04am
Quoting Brixen
{quote} +7,5 pips FDXM
69 and 070 added now
I call upon my father's spirit , watching over me
  • #1,440
  • Jul 23, 2020 11:04am Jul 23, 2020 11:04am
Quoting Caiuss
{quote} you'd make a good money manager for a larger porfolio, with a few hundred contracts per trade
It' s job offer?........
I call upon my father's spirit , watching over me
0 traders viewing now