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DAX Futures March 2021

  • #801
  • Jan 8, 2021 8:49am Jan 8, 2021 8:49am
Quoting Brixen
OK, potential condition for a dip towards 14k zone now...we'll see
No significant move for now...BigBoys are long, probably heavy long positions, no change for now..maybe later or next week, maybe not.
So done my day: 36+29+12=TOTAL +77 pips FDXM.
And done my week:
mon +540
tue +237
wed +408
yd +61,5
today +77
TOTAL: +1323 pips FDXM.

OK, tonight big BUNDESLIGA match in Gladbach, while Aston Villa vs Liverpool will be played by many academy players casue Covid infections 1st Birmingham team.
Good weekend to all friends here and I'll back from time to time here during the weekend, as usual.

Attached Image (click to enlarge)
Click to Enlarge Name: Bayern1.JPG Size: 30 KB
I call upon my father's spirit , watching over me
  • #802
  • Jan 9, 2021 6:28pm Jan 9, 2021 6:28pm
Quoting Brixen
Margins requested on FDXM , on FDAX are consequently higher than ever......even on DAX CFds. Last mid March roughly 50k euro account you can trade even 4 FDAX overnight or up to 20 FDXM.......... I thought to transfer some money from my trading account to a non trading account, as I did every new year, but for now better wait.
Hi Brixen, even for last March that seems a really good overnight margin rate! I thought it was set by Eurex (the exchange)? Reason is that my broker (US based) is quoting US$49,600 (circa E$40,600) for ONE DAX contract overnight margin (or US$2,500 to day trade). Given I assumed the exchange set the overnight margin I assumed all brokers would quote the same.
  • #803
  • Edited 5:14am Jan 10, 2021 3:18am | Edited 5:14am
Quoting steve2222
{quote} Hi Brixen, even for last March that seems a really good overnight margin rate! I thought it was set by Eurex (the exchange)? Reason is that my broker (US based) is quoting US$49,600 (circa E$40,600) for ONE DAX contract overnight margin (or US$2,500 to day trade). Given I assumed the exchange set the overnight margin I assumed all brokers would quote the same.
Hi Steve, I guess you are in one of earth paradises these days, because I've seen in New Zealand Covid is almost disappeared.
This time of the year I usually watched the ASB Classic tennis tournament in Auckland, with his old fascinating stye and so amazing building with tables and people around the pitch, but unforunately not hese days, this year. I always wished to be there, maybe one day...who knows.

1. I actively traded main DAX Future,FDAX, for years until 2017/2018, when his values were well below current prices. Now I rarely trade it, only when I'm in worst case scenario as happened a couple of times last week. And you know on November 2017 2015 FDXM, mini DAX future(5 times lower than FDAX) luckily appeared on Eurex platform.

2. At current prices (friday close, 14085) every FDAX contract means you move 325125 €uro.
Then it's up to Bank/broker set the margin, for instance I choose a 8% margin= 28k € per 1FDAX overnight and a consequently automatic stop set at 3%.
So even with an account of 100k € you can trade only 3 FDAX.

3.I have my Bank/Broker since 1999 and I will not change for anyone else. It has 2 Branches in my town, I mean phisical Branch with humans, 15 min walk by my house, no errors, or tech problems since they estalished trading connection with Eurex Zurich/Frankfurt on 2003.
But even If I prefer to have a trading account over capitalized (take into account average trading accounts open by traders) and even if my trades are going well (at least so far) with current prices/margins I have to allocate an huge amount of money on my trading account, taking into account my chaotic/multiple trading style.
I perfectly know, that higher current DAX quotation, means higher margins and luckily higher gains, but this is becoming a real issue for me.
I'm not complaining here, I'm only noting a fact that is clearly on the desk of many traders.

4. FDXM and DAX CFDs are the solutions, but even them now are now so high compared 2/3 months ago or last spring.

5. Next September, DAX30 will end, and new DAX40 will replace it. I suppose a new calculation and possibily a new lower value will be set for new main German Index. We'll see if will have a new acceptable value for FDAX, FDXM and so on.

See you Steve.
I call upon my father's spirit , watching over me
  • #804
  • Jan 10, 2021 11:12am Jan 10, 2021 11:12am
I hope Brixen won't mind me mentioning this but pipfarm has recently opened a journal and I know Brixen is (rightly so) a big fan of his.
  • #805
  • Jan 10, 2021 11:42am Jan 10, 2021 11:42am
Quoting handy148
I hope Brixen won't mind me mentioning this but pipfarm has recently opened a journal and I know Brixen is (rightly so) a big fan of his.
I'm not a fan or supporrt of Pipfarm.................................only.

I support and I'm a fan of whoever takes trading in a serious, professional, possibly full time way; trying to improve and learn everyday, as everyday here there's at least one lesson to learn.
You know people come and go here, someone even consider trading the same as sports or football bets, for someone it's only an adrelanine hobby and so on.

Pipfarm spent so many times and posts on FF threads describing his trading way and his views, for free and moved by his undisputed passion and expertise.
It's only a luck these days to have people as him (and as some others here) in current heartless world and leaded only by business, robots and clowns.

Thank you Handy.
I call upon my father's spirit , watching over me
  • #806
  • Jan 10, 2021 5:54pm Jan 10, 2021 5:54pm
Quoting Brixen
{quote} Hi Steve, I guess you are in one of earth paradises these days, because I've seen in New Zealand Covid is almost disappeared. This time of the year I usually watched the ASB Classic tennis tournament in Auckland, with his old fascinating stye and so amazing building with tables and people around the pitch, but unforunately not hese days, this year. I always wished to be there, maybe one day...who knows. ...........
...............4. FDXM and DAX CFDs are the solutions, but even them now are now so high compared 2/3 months ago or last spring....
Hi Brixen,

I am not sure why the ASB tennis is not on this year. I know the players would have had to have spent 14 days in controlled isolation on arrival, but we have had tours from both the West Indies and Pakistan cricket teams and they both spent 14 days in managed isolation here so not sure why tennis players could not do the same. I guess the fact that most go on the play at Melbourne may be the reason as they would then need to spend more time in isolation in Australia. Anyway at least we are getting some international sport played in NZ - and with real crowds.

You are correct that it is a long time now since we have had real Covid in the community. All our current cases are in manged isloation or quarantine facilities ie people (essentially NZ'ers) who have arrived back into NZ from overseas and have bought Covid with them. But they won't be released into the community until they are clear of Covid.

I must read up about the Eurex margin rules as on the US exchange (eg CME) the overnight margin is set by CME and brokers can't lower it (unless a broker choses to top up the clients margin themselves)' so I had assumed all brokers offering the FDAX or FDXM would have quoted the same overnight margin.

My CFD provider (CMC) require a 0.2% margin for DAX (Cash & Futures). Eg if the DAX is at 14000 then my margin per CFD contract is E$28. Each point move in the index is worth E$1.
  • #807
  • Jan 11, 2021 12:51am Jan 11, 2021 12:51am
14007,5 gap left open since last week on DAX CASH INDEX.
An healthy natural retracement is going on overnight and currently prices are around a decent support 960/970 zone.
Bear in mind that slight above 900 zone was a resistance for many last days before they broken up...so now could act as significant support zone.
Attached Image (click to enlarge)
Click to Enlarge Name: DAXM30.png Size: 38 KB
I call upon my father's spirit , watching over me
  • #808
  • Jan 11, 2021 12:52am Jan 11, 2021 12:52am
Some DAX CFDs buy orders just placed 1396..zone until down 13890 zone.
I call upon my father's spirit , watching over me
  • #809
  • Jan 11, 2021 12:57am Jan 11, 2021 12:57am
960 just triggered now
I call upon my father's spirit , watching over me
  • #810
  • Jan 11, 2021 1:00am Jan 11, 2021 1:00am
Quoting Brixen
960 just triggered now
940 and 95..zone added now
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  • #811
  • Jan 11, 2021 1:01am Jan 11, 2021 1:01am
936 now added 1 FDXM
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  • #812
  • Jan 11, 2021 1:10am Jan 11, 2021 1:10am
Quoting Brixen
936 now added 1 FDXM
982 now closed FDXM
I call upon my father's spirit , watching over me
  • #813
  • Jan 11, 2021 1:11am Jan 11, 2021 1:11am
Quoting Brixen
{quote} 982 now closed FDXM
+46 pips FDXM

I'll go on only with DAX CFD until 9CET
I call upon my father's spirit , watching over me
  • #814
  • Jan 11, 2021 1:12am Jan 11, 2021 1:12am
Quoting Brixen
{quote} 940 and 95..zone added now
I have now 7 DAX CFDs average 948
I call upon my father's spirit , watching over me
  • #815
  • Jan 11, 2021 1:16am Jan 11, 2021 1:16am
Quoting Brixen
{quote} I have now 7 DAX CFDs average 948
995 now reduced from 7 to 5 my DAX CFDs
I call upon my father's spirit , watching over me
  • #816
  • Jan 11, 2021 1:18am Jan 11, 2021 1:18am
Quoting Brixen
{quote} 995 now reduced from 7 to 5 my DAX CFDs
+47 p x 2 DAX CFDs=+94 p DAX CFDs=+19 pips FDXM

I have now only 5 DAX CFDs 948.
I call upon my father's spirit , watching over me
  • #817
  • Jan 11, 2021 1:21am Jan 11, 2021 1:21am
Great chances at the end of last week and at the beginning of current week......I stayed out from shorts last friday late evening but I took some chances 30/20 min ago on long side.
I call upon my father's spirit , watching over me
  • #818
  • Jan 11, 2021 1:41am Jan 11, 2021 1:41am
Quoting Brixen
14007,5 gap left open since last week on DAX CASH INDEX. An healthy natural retracement is going on overnight and currently prices are around a decent support 960/970 zone. Bear in mind that slight above 900 zone was a resistance for many last days before they broken up...so now could act as significant support zone. {image}
14007 gap to cover at 9CET (probably) for DAX CASH INDEX, then I will look to 14040 zone (friday close) to understand what they want do......

anyway I keep on buying on dips towards 900 zone and below. Last days sensible levels were slight abobe 880 and 830 zone.
I call upon my father's spirit , watching over me
  • #819
  • Jan 11, 2021 1:53am Jan 11, 2021 1:53am
But for now they strongly reacted in pre European market....real games will strat next min, as usual.
Some closing orders placed around gap left ope, then something more around 1403..040 zone. Additionals as previously indicated.

Attached Image (click to enlarge)
Click to Enlarge Name: DAXM30.png Size: 30 KB
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  • #820
  • Jan 11, 2021 2:01am Jan 11, 2021 2:01am
Quoting Brixen
But for now they strongly reacted in pre European market....real games will strat next min, as usual. Some closing orders placed around gap left ope, then something more around 1403..040 zone. Additionals as previously indicated. {image}
997 closed now 1 DAX CFD
I call upon my father's spirit , watching over me
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