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DAX Futures December 2020

  • #3,261
  • Nov 18, 2020 12:55am Nov 18, 2020 12:55am
It's all about friday expiration. They don't care of anything, they have their target to hit on friday:13k, 12900,12500, 13200...who knows
100 pts range will not last for DAX unless they are comfortable with current prices slight above 13k.
Typical violent moves happen after these narrow range consolidation, we'll see today......
Yd in less than 20 min they burnt all shorts in place after 9 hours in a row of selling pressure. So it's not easy to trade these markets these days.

Attached Image (click to enlarge)
Click to Enlarge Name: DAXH1.png Size: 43 KB
I call upon my father's spirit , watching over me
  • #3,262
  • Nov 18, 2020 12:55am Nov 18, 2020 12:55am
Buy orders placed slight above yd lows and down until 930 zone....we'll see pre market what they want do
I call upon my father's spirit , watching over me
  • #3,263
  • Nov 18, 2020 1:21am Nov 18, 2020 1:21am
Quoting Brixen
Buy orders placed slight above yd lows and down until 930 zone....we'll see pre market what they want do
1FDXMwas triggered 079, while 1 DAX CFD was triggered too at 085 for now
I call upon my father's spirit , watching over me
  • #3,264
  • Nov 18, 2020 1:22am Nov 18, 2020 1:22am
Hi Daxmaster , may I ask on what principle are the horizontal lines on your chart placed. I see that there are averages between them, and that they are equidistant from each other. Thanks for the great topic and for the shared trades.
The loss - I forbid!
  • #3,265
  • Nov 18, 2020 1:42am Nov 18, 2020 1:42am
Quoting Hripako
Hi Daxmaster , may I ask on what principle are the horizontal lines on your chart placed. I see that there are averages between them, and that they are equidistant from each other. Thanks for the great topic and for the shared trades.
1. when you think to be superman and you are able to predict next market moves, you start your sure fall, a very dangerous fall.
Cause in this job when you start to loose , you can only start a perfect disaster for your trading job and even your personal life.
Everyone , you, me included, must be aware of this cruel rule.
So I'm only a survivor here....for now,and to stay with both feeton the ground always is a must here !

2. Sensible hsitorical levels are taking into account, I mean where prices reacted in decent way. then between them , there be an average, but what it really matters are main sensible price levels. But this is only one part of the game in place, cause everyday dynamic market moves can build new zones, specially during intraday market phases. So I take into account these price levels, but CUM GRANO SALIS........
I call upon my father's spirit , watching over me
  • #3,266
  • Nov 18, 2020 1:44am Nov 18, 2020 1:44am
Quoting Brixen
{quote} 1FDXMwas triggered 079, while 1 DAX CFD was triggered too at 085 for now
110 right now closed FDXM bought 079
I call upon my father's spirit , watching over me
  • #3,267
  • Nov 18, 2020 1:46am Nov 18, 2020 1:46am
Quoting Brixen
{quote} 110 right now closed FDXM bought 079
+31 pips FDXM

I have now only 1 DAX CFD bought at 13085.
Keep on going only with small DAX CFD. No more FDXM orders for now.
I call upon my father's spirit , watching over me
  • #3,268
  • Nov 18, 2020 2:01am Nov 18, 2020 2:01am
[quote = Brixen; 13269229] {quote} 1. когато мислите, че сте супермен и сте в състояние да предвидите следващите пазарни движения, започвате вашето сигурно падане, много опасно падане. Защото в тази работа, когато започнете да губите, можете да започнете само перфектно бедствие за вашата търговска работа и дори за личния ви живот. Всички, вие, включително и аз, трябва да сте наясно с това жестоко правило. Така че тук съм само оцелял .... засега и винаги да стоя с двата крака на земята е задължително тук! 2. Вземат се предвид разумните хисторични нива, имам предвид, когато цените реагираха прилично. тогава между тях има средна стойност, но това, което наистина има значение, са основните разумни ценови нива. Но това е само една част от играта, защото ежедневните динамични пазарни движения могат да изграждат нови зони, особено по време на фазите на пазара в рамките на деня. Така че взема предвид тези ценови нива,
Thank you Brixen, you are great man !
The loss - I forbid!
  • #3,269
  • Nov 18, 2020 2:10am Nov 18, 2020 2:10am
Quoting Brixen
Buy orders placed slight above yd lows and down until 930 zone....we'll see pre market what they want do
076 was triggered but not 067, so now I have 2 DAX CFD 13080,5
I call upon my father's spirit , watching over me
  • #3,270
  • Nov 18, 2020 2:18am Nov 18, 2020 2:18am
Quoting Brixen
{quote} 076 was triggered but not 067, so now I have 2 DAX CFD 13080,5
105 closed 1 position now
I call upon my father's spirit , watching over me
  • #3,271
  • Nov 18, 2020 2:19am Nov 18, 2020 2:19am
Quoting Brixen
{quote} 105 closed 1 position now
+25 p DAX CFD=+5 pips FDXM

I have now only 1 DAX CFD 080,5.
Always additionals around yd lows, many others waiting in worst case 13 k zone and below.
Again NO FDXM for now.
I call upon my father's spirit , watching over me
  • #3,272
  • Nov 18, 2020 2:26am Nov 18, 2020 2:26am
Yd lows must be tested again today, probably when no one expects the test, but if they are not able to go down there, no way, prices will go up at least until 150/160 zone.

As Mighty wrote yd, Brexit news could start a mini rally for some time and burn again short, while usual bad Covid news or Trump/Biden bad transition could start a violent sell.off.

Again, it depends on their target next friday. Then they will use news for their aims.
I call upon my father's spirit , watching over me
  • #3,273
  • Nov 18, 2020 2:46am Nov 18, 2020 2:46am
Quoting Brixen
{quote} +25 p DAX CFD=+5 pips FDXM I have now only 1 DAX CFD 080,5. Always additionals around yd lows, many others waiting in worst case 13 k zone and below. Again NO FDXM for now.
Alerts placed at 150 and 060 zone. I hold my small DAX CFD bought 080,5.
I'll back from time to time, cause again herethere's usual chaos from jobs/schools lesson online......
I call upon my father's spirit , watching over me
  • #3,274
  • Nov 18, 2020 3:51am Nov 18, 2020 3:51am
Quoting Brixen
{quote} Today is a different and strange day compared to what happend last days/weeks. Do not worry, take some gain always good for self confidence and to go ahead here. and then chances are always there tomorrow , next days, next weeks...

GM - indeed yesterday was a strange day. I track the swings > 50 pts from XO for 3 hours. The recent average has been 125 pts for the first such swing after XO.

Last week that average was 73 pts. This Monday the first swing was 52 pts and yesterday only 45 pts until the 59 pts move in the second half of the hour.

All very tight ranging / coiling for the next breakout move - whenever that happens.

So for now a real test of Discipline and Patience - the two most important needs of a profitable trader.
Trading Levels with WRBs
  • #3,275
  • Nov 18, 2020 4:54am Nov 18, 2020 4:54am
Quoting Brixen
{quote} Alerts placed at 150 and 060 zone. I hold my small DAX CFD bought 080,5. I'll back from time to time, cause again herethere's usual chaos from jobs/schools lesson online......
stop profit plced now at 13140 (+60) and target placed around 190/210 (+110/+130) for my last DAX CFD 080,5.
Deelted all other orders for now.
I call upon my father's spirit , watching over me
  • #3,276
  • Nov 18, 2020 4:59am Nov 18, 2020 4:59am
Quoting Islander
{quote} GM - indeed yesterday was a strange day. I track the swings > 50 pts from XO for 3 hours. The recent average has been 125 pts for the first such swing after XO. Last week that average was 73 pts. This Monday the first swing was 52 pts and yesterday only 45 pts until the 59 pts move in the second half of the hour. All very tight ranging / coiling for the next breakout move - whenever that happens. So for now a real test of Discipline and Patience - the two most important needs of a profitable trader.
Hi Islander, how's going on in the Balearic these days?
And Yes, you're perfectly right, discipline & patience are crucial this job and I'm aware that sometimes or better say often I miss these virtues.
We had so high volatility last 20/30 days that some narrow range day trade is absolutely ordinary.
I call upon my father's spirit , watching over me
  • #3,277
  • Nov 18, 2020 5:06am Nov 18, 2020 5:06am
Quoting Brixen
{quote} stop profit plced now at 13140 (+60) and target placed around 190/210 (+110/+130) for my last DAX CFD 080,5. Deelted all other orders for now.
deleted stop profit, I can follow price action better way now, so I hold on with no rush my last position in place
I call upon my father's spirit , watching over me
  • #3,278
  • Nov 18, 2020 5:35am Nov 18, 2020 5:35am
170 now closed last DAX CFD from 080,5 for +89,5 p DAX CFD=+18 pips FDXM

FLAT until US session.
I call upon my father's spirit , watching over me
  • #3,279
  • Nov 18, 2020 6:07am Nov 18, 2020 6:07am
back again, after spike at 200 zone, bought 1 FDXM sec ago at 167
I call upon my father's spirit , watching over me
  • #3,280
  • Nov 18, 2020 6:08am Nov 18, 2020 6:08am
Quoting Brixen
back again, after spike at 200 zone, bought 1 FDXM sec ago at 167
additionals, few additionals until 150 zone, that's the key now =160 zone for DAX CFD
I call upon my father's spirit , watching over me
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