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DAX Futures December 2020

  • #3,541
  • Nov 25, 2020 6:06am Nov 25, 2020 6:06am
Quoting Brixen
{quote} 263 now out for 1 DAX CFD 254
269 out for another DAX CFD now
I call upon my father's spirit , watching over me
  • #3,542
  • Nov 25, 2020 6:06am Nov 25, 2020 6:06am
Quoting Brixen
{quote} 263 now out for 1 DAX CFD 254
+9 p DAX CFD=+2 pips FDXM
I call upon my father's spirit , watching over me
  • #3,543
  • Nov 25, 2020 6:07am Nov 25, 2020 6:07am
Quoting Brixen
{quote} 269 out for another DAX CFD now
+15 p DAX CFD=+3 pips FDXM
I call upon my father's spirit , watching over me
  • #3,544
  • Nov 25, 2020 6:08am Nov 25, 2020 6:08am
Now I have only 3 DAX CFD 254.
+60 pips FDXM gained so far today.

280/290 zone next resistance where I'll close 1 position.

always additionals as previously indicated.
I'll back in an hour.
I call upon my father's spirit , watching over me
  • #3,545
  • Nov 25, 2020 6:40am Nov 25, 2020 6:40am
Quoting Brixen
240 bought 1 FDXM sec ago
Copied that trade with one CFD. In at 47 and out at 87, after it rejects from VWAP (and EMA200).

Attached Image
It could be worse.
  • #3,546
  • Nov 25, 2020 6:59am Nov 25, 2020 6:59am
Quoting Brixen
Now I have only 3 DAX CFD 254. +60 pips FDXM gained so far today. 280/290 zone next resistance where I'll close 1 position. always additionals as previously indicated. I'll back in an hour.
Just back home to check that 285 was closed 1 position at 13:33:10 CET.
So +31 p DAX CFD=+6 pips FDXM.

I have now only 2 DAX CFD 254.
I call upon my father's spirit , watching over me
  • #3,547
  • Nov 25, 2020 7:01am Nov 25, 2020 7:01am
Quoting Mighty7
{quote} Copied that trade with one CFD. In at 47 and out at 87, after it rejects from VWAP (and EMA200). {image}
at what time started your VWAP ? I guess it's a daily VWAP, isn't it?
I call upon my father's spirit , watching over me
  • #3,548
  • Nov 25, 2020 7:06am Nov 25, 2020 7:06am
Quoting Brixen
{quote} at what time started your VWAP ? I guess it's a daily VWAP, isn't it?
Yes. Every day at 1:15am. I like the VWAP because it is an indicator which is the same on all Time frames so everyone can see it.
It could be worse.
  • #3,549
  • Nov 25, 2020 7:09am Nov 25, 2020 7:09am
Quoting Mighty7
{quote} Yes. Every day at 1:15am. I like the VWAP because it is an indicator which is the same on all Time frames so everyone can see it.
I was always interested on VWAP that starts just after 9CET (official DAX CASH INDEX open) and possibly real volumes (Futures or Index, whatever it is), but frankly I never studied in depth this idea.
I call upon my father's spirit , watching over me
  • #3,550
  • Nov 25, 2020 7:23am Nov 25, 2020 7:23am
Quoting Brixen
{quote} I was always interested on VWAP that starts just after 9CET (official DAX CASH INDEX open) and possibly real volumes (Futures or Index, whatever it is), but frankly I never studied in depth this idea.
This is the 9CET VWAP based on real future volumes projected on the dax cfd. It is a little bit higher than the previous shown 1:15CET VWAP. This is normal because today the 9CET Volume was higher than the max. Volume in the hours before.

Attached Image
It could be worse.
  • #3,551
  • Nov 25, 2020 7:38am Nov 25, 2020 7:38am
Quoting Mighty7
{quote} This is the 9CET VWAP based on real future volumes projected on the dax cfd. It is a little bit higher than the previous shown 1:15CET VWAP. This is normal because today the 9CET Volume was higher than the max. Volume in the hours before. {image}
If I well understand from your pic, both VWAP (1:15 and 9CET) broken down just after 9CET, is it correct?
I call upon my father's spirit , watching over me
  • #3,552
  • Nov 25, 2020 7:42am Nov 25, 2020 7:42am
Quoting Brixen
{quote} Just back home to check that 285 was closed 1 position at 13:33:10 CET. So +31 p DAX CFD=+6 pips FDXM. I have now only 2 DAX CFD 254.
Targets are around 300/310 zone for 1 psoition, while the other one ideally target at 350 zone,
Today is last full day tarde in US , maybe some profit taking, maybe not......and tomorrow DAX could be free to go wherever they wish.......
I call upon my father's spirit , watching over me
  • #3,553
  • Nov 25, 2020 7:53am Nov 25, 2020 7:53am
Quoting Brixen
{quote} If I well understand from your pic, both VWAP (1:15 and 9CET) broken down just after 9CET, is it correct?
Yes, but how does this matter? I use it as an point of action/reaction. Often, if the price was far away and it comes again to the VWAP, the price is rejected. Not always of course but ... often.
It could be worse.
  • #3,554
  • Nov 25, 2020 8:04am Nov 25, 2020 8:04am
Quoting Mighty7
{quote} Yes, but how does this matter? I use it as an point of action/reaction. Often, if the price was far away and it comes again to the VWAP, the price is rejected. Not always of course but ... often.
I thought that they were different, so different, I mean 1:15 VVWAP vs 9CET, but I see they are almost the same.
My idea, right or wrong I don't know, is that the old same story Institutionals use VWAP but they may have different timing.
Look for instance at XETRA official timing for DAX here below, so let's say we can have 2 different official session, 9-13CET and the second one 13-17:35 CET, with 2 different VWAP timing.
Again, these are only mind games of little human retail trader as me, on a semi holiday day trade......

Attached Image (click to enlarge)
Click to Enlarge Name: DAXTIME.JPG Size: 69 KB
I call upon my father's spirit , watching over me
  • #3,555
  • Nov 25, 2020 8:13am Nov 25, 2020 8:13am
Quoting Brixen
{quote} I thought that they were different, so different, I mean 1:15 VVWAP vs 9CET, but I see they are almost the same. My idea, right or wrong I don't know, is that the old same story Institutionals use VWAP but they may have different timing. Look for instance at XETRA official timing for DAX here below, so let's say we can have 2 different official session, 9-13CET and the second one 13-17:35 CET, with 2 different VWAP timing. Again, these are only mind games of little human retail trader as me, on a semi holiday day trade...... {image}...
Interesting idea, I like mind games. Yes, the 9CET and 1:15CET are nearly the same because before 9CET there is no volume. But I understand and I created a scond screen with VWAP starting at 13CET. I'll keep an eye on it to see, if this matters.
It could be worse.
  • #3,556
  • Nov 25, 2020 8:19am Nov 25, 2020 8:19am
Quoting Mighty7
{quote} Interesting idea, I like mind games. Yes, the 9CET and 1:15CET are nearly the same because before 9CET there is no volume. But I understand and I created a scond screen with VWAP starting at 13CET. I'll keep an eye on it to see, if this matters.
So please what is currently VWAP 9CET price and what is VWAP price starting 13CET?
I call upon my father's spirit , watching over me
  • #3,557
  • Nov 25, 2020 8:28am Nov 25, 2020 8:28am
OK, let's start US dances next min, I hold only 2 DAX CFD 254.
+66pips FDXM gained so far today and now will to trade ahead of Thanksgiving holiday in US.......

Anyway they built a solid base at 260 zone so far...we'll see later
I call upon my father's spirit , watching over me
  • #3,558
  • Nov 25, 2020 8:38am Nov 25, 2020 8:38am
Quoting Brixen
{quote} So please what is currently VWAP 9CET price and what is VWAP price starting 13CET?
A VWAP starting at 13CET has at 13CET the first tick price and after 20min is should be around ~265 CFD.
But with your question you discovered the next bug in my software. The software shows the VWAP 13CET at 295 which can't be possible. I already contacted the vendor. Thanks.
It could be worse.
  • #3,559
  • Nov 25, 2020 8:41am Nov 25, 2020 8:41am
Hi Brixen, taking a longer term view on the indices do you still see much upside on DAX to be priced in? I know the economy is a long way from running at full steam, but it feels as though we have come quite far and that the easy gains have been had. I have put my own projection which sees the upper band at ~14.8k but it would be good to hear another point of view. Do these considerations impact your day trading?
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 54 KB
  • #3,560
  • Nov 25, 2020 8:51am Nov 25, 2020 8:51am
Quoting Mighty7
{quote} A VWAP starting at 13CET has at 13CET the first tick price and after 20min is should be around ~265 CFD. But with your question you discovered the next bug in my software. The software shows the VWAP 13CET at 295 which can't be possible. I already contacted the vendor. Thanks.
Probably our VWAP talking do not bring any concrete result, but at least you discovered something important and wrong on your indicator......
I call upon my father's spirit , watching over me
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