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DAX Futures Sept 2020

  • #4,041
  • Sep 22, 2020 5:38am Sep 22, 2020 5:38am
Quoting DAX-BOY
Hi Brixen, here's my first attempt for a chart for the CASH index, the DAX left a huge RTH gap (singles) yesterday up to the 13000 level, hopefully that will get covered at some point. {image}

Hi Dax-Boy - nice clear chart - Dutchy inspired!

The 13,000 area also has the 61.8% retracement near by

However, as Brixen has said, its sometimes takes a long time for these to get filled and as we view the first two WRBs on the M30 chart as impulsive selling we need to see some impulsive buying to get back up there. Right now, Nas and SPX are retracing well, but Dax much less so and only at ~a 30% retrace of yesterday's action.

TWT
Trading Levels with WRBs
  • #4,042
  • Sep 22, 2020 5:48am Sep 22, 2020 5:48am
Quoting Islander
{quote} Hi Dax-Boy - nice clear chart - Dutchy inspired! The 13,000 area also has the 61.8% retracement near by However, as Brixen has said, its sometimes takes a long time for these to get filled and as we view the first two WRBs on the M30 chart as impulsive selling we need to see some impulsive buying to get back up there. Right now, Nas and SPX are retracing well, but Dax much less so and only at ~a 30% retrace of yesterday's action. TWT
Hi Islander, yes Dutchy has some sons around here...and DAX-BOY is one of these Let me joke a little bit guys, I had last 24 hours under pressure!!!

800 pts is the last big swing on going on DAX CASH INDEX, assuming that 13300 and 12500 are the extremes.
A decent rebound could lasts at least 1/3rd , so let's say until 750/770 zone and then will see if it gains traction or will be rejected.

But if prices are not able to rebound at least in this decent way, it could be only a dead cat bounce.......that's my humble opinion at this time of the day.
Ready to change my vision any moment...depending on price action.
I call upon my father's spirit , watching over me
  • #4,043
  • Sep 22, 2020 6:23am Sep 22, 2020 6:23am
Quoting Brixen
NOW I HAVE ONLY 3 DAX CFDs 630. +167 pips FDXM gained so far today. After I've closed current long Cfds positions I will start my new DECEMBER Futures journal.....last 24 hours were a little bit challenging for me......
1 closing order placed 69..zone, current 680 zone
I call upon my father's spirit , watching over me
  • #4,044
  • Sep 22, 2020 6:24am Sep 22, 2020 6:24am
Quoting Brixen
{quote} Hi Islander, yes Dutchy has some sons around here...and DAX-BOY is one of these Let me joke a little bit guys, I had last 24 hours under pressure!!! 800 pts is the last big swing on going on DAX CASH INDEX, assuming that 13300 and 12500 are the extremes. A decent rebound could lasts at least 1/3rd , so let's say until 750/770 zone and then will see if it gains traction or will be rejected. But if prices are not able to rebound at least in this decent way, it could be only a dead cat bounce.......that's...
No problems at all Brixen!! , Thank you Islander, it means a lot coming from you. Dutchy & Brixen are helping me a lot in forming my trading character & style.

I am so privileged and lucky to be able to learn from great traders like Brixen, Dutchy & Islander.
  • #4,045
  • Sep 22, 2020 6:37am Sep 22, 2020 6:37am
Quoting Brixen
{quote} 1 closing order placed 69..zone, current 680 zone
US Futures high and high, but European indices seem unimpressed......mmhhh! I don't like this cold reaction, no good for my longs....
I call upon my father's spirit , watching over me
  • #4,046
  • Sep 22, 2020 6:58am Sep 22, 2020 6:58am
630 now, stopped 1 position at breakeven.
I call upon my father's spirit , watching over me
  • #4,047
  • Sep 22, 2020 7:01am Sep 22, 2020 7:01am
BJ speaking in London now on Covid new measures.......
Attached Image (click to enlarge)
Click to Enlarge Name: BJ1.JPG Size: 55 KB
I call upon my father's spirit , watching over me
  • #4,048
  • Sep 22, 2020 7:06am Sep 22, 2020 7:06am
Quoting Brixen
630 now, stopped 1 position at breakeven.
I hold now only 2 DAX CFDs 630.
1 has a closing order 69..zone as I wrote previously.
The other one has no stop loss and no target for now.
+167 pips FDXM gained so far today.

100 pts today range for DAX CASH INDEX is waiting US to be broken....probably.
I call upon my father's spirit , watching over me
  • #4,049
  • Sep 22, 2020 7:21am Sep 22, 2020 7:21am
Quoting DAX-BOY
{quote} No problems at all Brixen!! , Thank you Islander, it means a lot coming from you. Dutchy & Brixen are helping me a lot in forming my trading character & style. I am so privileged and lucky to be able to learn from great traders like Brixen, Dutchy & Islander.
Calm down DAX-BOY, I learn,you, we learn something more every day on the markets.
There are endless lessons to learn every day on trading, I guess for everyone.

Inserted Video
I call upon my father's spirit , watching over me
  • #4,050
  • Sep 22, 2020 7:50am Sep 22, 2020 7:50am
Quoting Brixen
{quote} I hold now only 2 DAX CFDs 630. 1 has a closing order 69..zone as I wrote previously. The other one has no stop loss and no target for now. +167 pips FDXM gained so far today. 100 pts today range for DAX CASH INDEX is waiting US to be broken....probably.
I'll back around 17CET.
Something to do with one of my daughter fosr incoming schools duties.....
A couple positions in place for me, light positions ....I hope I will not find strange surprise when I'll come back.
I call upon my father's spirit , watching over me
  • #4,051
  • Sep 22, 2020 9:58am Sep 22, 2020 9:58am
Quoting Brixen
{quote} 1 closing order placed 69..zone, current 680 zone
16:35:55 CET was filled my order placed roughly 4 hours ago.....at 697.
I call upon my father's spirit , watching over me
  • #4,052
  • Sep 22, 2020 10:00am Sep 22, 2020 10:00am
Quoting Brixen
{quote} 16:35:55 CET was filled my order placed roughly 4 hours ago.....at 697.
+67 pips DAX CFD= +13,5 pips FDXM

Now I have only 1 DAX CFD 630.
No stop and no target for now.

It seems an inside day trade today on DAX CASH INDEX, we'll see next 35 min until official close.
I call upon my father's spirit , watching over me
  • #4,053
  • Sep 22, 2020 10:03am Sep 22, 2020 10:03am
608 now added 1 DAX CFD
I call upon my father's spirit , watching over me
  • #4,054
  • Sep 22, 2020 10:04am Sep 22, 2020 10:04am
Quoting Brixen
608 now added 1 DAX CFD
I have now 2 DAX CFDs 619.
I call upon my father's spirit , watching over me
  • #4,055
  • Sep 22, 2020 10:05am Sep 22, 2020 10:05am
addtionals orders from 59..zone until down 54..zone, few orders .
I call upon my father's spirit , watching over me
  • #4,056
  • Sep 22, 2020 10:08am Sep 22, 2020 10:08am
Break down 600 zone could be violent, specially after European official close......better stay calm and light positions....
I call upon my father's spirit , watching over me
  • #4,057
  • Sep 22, 2020 10:11am Sep 22, 2020 10:11am
Quoting Brixen
{quote} I have now 2 DAX CFDs 619.
627 closed 1 position now
I call upon my father's spirit , watching over me
  • #4,058
  • Sep 22, 2020 10:15am Sep 22, 2020 10:15am
Quoting Brixen
{quote} 627 closed 1 position now
+8 pips DAX CFD=+1,5 pips FDXM

Now I have only 1 DAX CFD 619.

only a couple additionals below 600 zone for now. No stop and no target for now.
I call upon my father's spirit , watching over me
  • #4,059
  • Sep 22, 2020 10:22am Sep 22, 2020 10:22am
Quoting Brixen
Break down 600 zone could be violent, specially after European official close......better stay calm and light positions....
Ping pong from 600 to 700 keep on going on......
usually the day after they will break one of 2 boundaries.., often with a gap up or gap down.
I'm good with my DAX CFD position, maybe I should have bought something more few min ago, but this is part of the game, no regret.
I call upon my father's spirit , watching over me
  • #4,060
  • Sep 22, 2020 10:35am Sep 22, 2020 10:35am
Quoting Brixen
{quote} +8 pips DAX CFD=+1,5 pips FDXM Now I have only 1 DAX CFD 619. only a couple additionals below 600 zone for now. No stop and no target for now.
590 added 2 positions now
I call upon my father's spirit , watching over me
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