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DAX Futures December 2020

  • #1,221
  • Oct 12, 2020 1:36am Oct 12, 2020 1:36am
Quoting Brixen
{quote} 13059 was triggered 20 min ago and now I have 2 DAX CFD 13066,5 but I'm closing 1 position now at 140 zone.
+70 p DAX CFD=+14 pips FDXM

I have now only 1 DAX CFD 13066,5.
I call upon my father's spirit , watching over me
  • #1,222
  • Oct 12, 2020 1:37am Oct 12, 2020 1:37am
Quoting Brixen
074 bought 1 DAX CFD sec ago
I see you use CFD's. Are they as good as Futures?
I thought CFD brokers were the counterparty whereas Futures are on an open market?
CFD brokers have not always had a good reputation but I imagine they are getting better?
every Saint has a past. Every Sinner has a Future
  • #1,223
  • Oct 12, 2020 1:53am Oct 12, 2020 1:53am
1304..zone placed FDXM buy order
I call upon my father's spirit , watching over me
  • #1,224
  • Oct 12, 2020 1:59am Oct 12, 2020 1:59am
Quoting turnip15
{quote} I see you use CFD's. Are they as good as Futures? I thought CFD brokers were the counterparty whereas Futures are on an open market? CFD brokers have not always had a good reputation but I imagine they are getting better?
Hi Turnip, since the start of this Covid mess I resumed DAX CFDs trades together with my usual FDXM/FDAX trades.
Margin is lower,reduced the risks, no commissions, and with current high volatility (I mean last 8 months) it's a good solution specially on rollercoaster day trades.
Yes, spread is not the same of FDXM/FDAX but with 150/200 and more pts DAX day range, it's not a problem imho.

Luckily my bank/broker offer me the chance to trade all these instruments together CFD and Eurex futures.
As I previously wrote, I never used CFDs for many years but they are good for these turbulent times, imho.

Stay safe and always dream your Garda Lake....
I call upon my father's spirit , watching over me
  • #1,225
  • Oct 12, 2020 2:09am Oct 12, 2020 2:09am
Quoting Brixen
{quote} Hi Turnip, since the start of this Covid mess I resumed DAX CFDs trades together with my usual FDXM/FDAX trades. Margin is lower,reduced the risks, no commissions, and with current high volatility (I mean last 8 months) it's a good solution specially on rollercoaster day trades. Yes, spread is not the same of FDXM/FDAX but with 150/200 and more pts DAX day range, it's not a problem imho. Luckily my bank/broker offer me the chance to trade all these instruments together CFD and Eurex futures. As I previously wrote, I never used CFDs for many...
Thanks Brixen. I have noticed that more people seem happy with CFD's so maybe these companies like IG and Globalview.com etc are better these days than the bucket shops of old ?
CFD's are banned, I believe, in America.

Lake Garda - I will get the brochure for 2021. Such a lovely place.
every Saint has a past. Every Sinner has a Future
  • #1,226
  • Oct 12, 2020 2:09am Oct 12, 2020 2:09am
Quoting Brixen
{quote} they used to frozen markets for minutes, for hours, before their sudden moves........I have to thank BigBoys for moving the markets!!
and when range is small, is limited, they use to go from bottom to the top of the range and viceversa, many times, so they will have in any case their good day.....
In the end they give me everyday my piece of cake in this way, more or less (at least so far) ...so thanks again!!!
I call upon my father's spirit , watching over me
  • #1,227
  • Oct 12, 2020 2:16am Oct 12, 2020 2:16am
Forgot to mention.
Wouldn't it be great if we had Micro Dax just like the USA Micro Dow Futures - then we could all trade Futures :-)
every Saint has a past. Every Sinner has a Future
  • #1,228
  • Oct 12, 2020 2:25am Oct 12, 2020 2:25am
Quoting turnip15
Forgot to mention. Wouldn't it be great if we had Micro Dax just like the USA Micro Dow Futures - then we could all trade Futures :-)
Yes, for me trade DAX CFDs is more or less to have micro DAX in some way....
I have to check Eurex news for the end of the year/2021 ....Dutchy talked of some changes on FDXM some time ago, maybe they have or will have new products.
I have to check. You know they copy all CME moves, in delay and lazy way bu they follow US Big Futures Companies......
I call upon my father's spirit , watching over me
  • #1,229
  • Oct 12, 2020 2:44am Oct 12, 2020 2:44am
Quoting Brixen
{quote} Yes, for me trade DAX CFDs is more or less to have micro DAX in some way.... I have to check Eurex news for the end of the year/2021 ....Dutchy talked of some changes on FDXM some time ago, maybe they have or will have new products. I have to check. You know they copy all CME moves, in delay and lazy way bu they follow US Big Futures Companies......
Now that would be interesting - Micro Dax Futures etc
every Saint has a past. Every Sinner has a Future
  • #1,230
  • Oct 12, 2020 2:58am Oct 12, 2020 2:58am
Quoting turnip15
{quote} Thanks Brixen. I have noticed that more people seem happy with CFD's so maybe these companies like IG and Globalview.com etc are better these days than the bucket shops of old ? CFD's are banned, I believe, in America. Lake Garda - I will get the brochure for 2021. Such a lovely place.
many are better nowadays. some still aren't. but nowadays many don't act as counterparties to the client, they match client's orders internally and/or use the big liquidity providers etc. .. very much like a futures exchange now.. as regards futures, your counterparty in the strict sense is also only the exchange, noone else.

in europe cfd for retailers have another advantage, apart from low margin requirements and high leverage: your account balance can't go into the negative (worst case scenario).
  • #1,231
  • Oct 12, 2020 3:25am Oct 12, 2020 3:25am
Quoting turnip15
{quote} Now that would be interesting - Micro Dax Futures etc
This went out last week, but it's not what we expect, I guess. Probably an useless products.....at least at 1st glance.
Attached Image (click to enlarge)
Click to Enlarge Name: Eurex1.PNG Size: 62 KB
https://www.eurex.com/ex-en/find/news/Eurex-to-launch-next-generation-of-ESG-derivatives--2281370
I call upon my father's spirit , watching over me
  • #1,232
  • Oct 12, 2020 3:31am Oct 12, 2020 3:31am
OK, I hold always 1 DAX CFD 13066,5 and some additionals below my entry price until friday's lows.
FDXM buy order at 049 not triggered for a couple pts 1 hour ago and so now I delete all FDXM orders.

I'll back for US session.
+87 pips FDXM gained so far today.
I call upon my father's spirit , watching over me
  • #1,233
  • Oct 12, 2020 5:26am Oct 12, 2020 5:26am
Quoting Brixen
OK, I hold always 1 DAX CFD 13066,5 and some additionals below my entry price until friday's lows. FDXM buy order at 049 not triggered for a couple pts 1 hour ago and so now I delete all FDXM orders. I'll back for US session. +87 pips FDXM gained so far today.
I'm tempted to close on possible furthr spike from current 135 zone.....maybe US will not move their Indices from current high levels due to Columbus day...who knows
I call upon my father's spirit , watching over me
  • #1,234
  • Oct 12, 2020 5:41am Oct 12, 2020 5:41am
Quoting Brixen
{quote} I'm tempted to close on possible furthr spike from current 135 zone.....maybe US will not move their Indices from current high levels due to Columbus day...who knows
Closed now at 13142 last DAX CFD from 13066,5.
I call upon my father's spirit , watching over me
  • #1,235
  • Oct 12, 2020 5:47am Oct 12, 2020 5:47am
Quoting Brixen
{quote} Closed now at 13142 last DAX CFD from 13066,5.
+75,5 p DAX CFD=+15 pips FDXM
I call upon my father's spirit , watching over me
  • #1,236
  • Oct 12, 2020 5:51am Oct 12, 2020 5:51am
DAX CASH INDEX in a narrow range, after huge rally last days from 12350 until current prices!
No gaps open in sight, they are far away for now, 12691 (2 october) and 13490 zone (21 february).

Attached Image (click to enlarge)
Click to Enlarge Name: DAXM30.png Size: 31 KB
I call upon my father's spirit , watching over me
  • #1,237
  • Oct 12, 2020 5:55am Oct 12, 2020 5:55am
Tomorrow JPMORGAN will start the dances and will report approx 13CET. So markets will probably focus on US earnings season.

Attached Image (click to enlarge)
Click to Enlarge Name: JPM1.JPG Size: 78 KB
I call upon my father's spirit , watching over me
  • #1,238
  • Oct 12, 2020 5:57am Oct 12, 2020 5:57am
OK, I'm done for today:+36+37+14+15=TOTAL +102 pips FDXM.

Ugly bad and rainy days are coming here, so taking into account my usual nap during the afternoon....

Inserted Video
I call upon my father's spirit , watching over me
  • #1,239
  • Oct 12, 2020 6:18am Oct 12, 2020 6:18am
Quoting turnip15
{quote} Now that would be interesting - Micro Dax Futures etc
Hi Turnip
I trade micro DAX at my new broker. 0,25 Euro per Lot. But margin is lousy 1:20 with 50% margin call so one have to be very capitalized if doing Brixen style fights.
You cant beat the MM - so join them!!!
  • #1,240
  • Oct 12, 2020 6:37am Oct 12, 2020 6:37am
My week treasuremap. Got this mornings short@supply at 8.oo CET but now this zone is used according to my rules. No trades for me before 220 or 390 short and 950 and 850 for longs - ie unemployed at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 30 KB
You cant beat the MM - so join them!!!
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