DAX Futures Sept 2020

and target 245 (+50) for 1 position

Just hit right now:+50 pips DAX CFD=+10 pips FDXM

Now I have only 1 DAX CFD 195.
No stop loss for now and additionals 17..zone down to 15..zone.
Target 275/295 zone, maybe tomorrow.
+99 pips FDXM gained so far today.

Almost done my day.

Done my day:+47+23+3+6+10+10=TOTAL +99 pips FDXM.
I hold 1 DAX CFD 13195 overnight.

Warm hello Brixen from Poland,

I have been a lurker of your journals for nearly two years now. I did not observe every day, but many of them including the tough ones.

As you have done your day, I would like to write a few words.

First of all, I am impressed by your kind personality and consistency in trading and journal activity. I learnt a lot from here. Thank you.

As I was observing your trading, I was trying to figure out what are factors that stand behind your results (apart from market feel and ability to identify sensible levels). One of them is positions bucketing. You have CFD, FDXM and FDX buckets and when things go more challenging you further divide those into overnight and intraday. It helps maintain mental health during trading day and not fall into one losing position waiting for price to recover.

Instead, you manage positions in “buckets”. When one bucket falls into the trouble, you start a new bucket. When possible, you close position in profit from the new bucket. Closing position in profit helps not only to keep appropriate confidence level (to avoid freezing in losing positions) but also helps close some positions from loosing bucket, producing small net profit or breakeven and reducing overall risk.

I have read recently Hedge Market Wizards by Jack Schwager. Among other traders he describes Jimmy Balodimas. He is described as a trader who breaks all the rules. He sells uptrends and buys downtrends. However, his skill is to trade around a position, getting in and out, moving the average price to his favor, ultimately closing all at net profit. Very much reminds me your style of trading.

I wonder how much my view of your trading approach matches your actual approach.

All the best! Thank you very much!

Target 275 just hit right now

+80 pips DAX CFDs=+16 pips FDXM

Final stat of the day:+99+16=TOTAL +115 pips FDXM.

Levels worked well today: 1st from 270 down until 180 zone reacted, and now after they broken up 270 again, straight train to 360/380 zone.

Placed shorts on DECEMBER FDXM 350.

Hi Thorn77, thanks for your kind words.
Your perfect description of my trading style is so impressive, that it seems you followed besides me every trade of my current & past journals, indeed.
But something is changing, slightly changing, as price levels are becoming more important than ever for me. For instance yd I had huge positions long 900 zone, but I was waiting for 790 zone (next key level) to add again.
Sometimes I feel that I must follow them blindly, that is all written on the chart and I have to simply follow them........
Probably this is right thing to do, but as I always wrote here, this job is against human nature and I want be a human, at least until the day I die

Thanks again and see you here next.

and 360/380 zone some shorts FDXM SEPTEMBER

354 triggered 1 FDXM short SEPTEMBER right now, just before Eurex close.

300 zone, more or less, I will close my yd short triggered at Eurex close at 354.
European Eurex open next 5 min.

Asian Indices so unimpressed by US markets rally........

297 closed right now at European Eurex open

+57 pips FDXM

FLAT. I wait 9CET DAX CASH INDEX open.

No change, above 270/280 zone next target 360/380, while below 270/280 next target 160/180 zone, but there's a support built yd around 210/230 zone.

378 short 1 FDXM now

393 added now