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DAX Futures March 2021

  • #3,401
  • Mar 1, 2021 11:46pm Mar 1, 2021 11:46pm
~25 years ago, little Shaga was on his first rock concert, and it was a deep purple concert
  • #3,402
  • Mar 1, 2021 11:50pm Mar 1, 2021 11:50pm
Quoting Brixen
{quote} +19 pips FDXM I go on only DAX CFDs until 9CET and after. So no more FDXM orders for a while. I will try to understand if they want retest yd support zones or want come back up to 14k and above.
I hold both my positions bought 961. Target yd official highs around 14021.

anyway possible dips towards 92..93..zone are in the cards, and obviously a new retest yd official lows around 89..87..zone.
I'm ready with some additionals for now.
Only DAX CFds for now.
I call upon my father's spirit , watching over me
  • #3,403
  • Mar 1, 2021 11:52pm Mar 1, 2021 11:52pm
Quoting Shaga
~25 years ago, little Shaga was on his first rock concert, and it was a deep purple concert




Now I remember, some of my SudTirol school fellows went up to GRAZ for STURM GRAZ vs VERONA , probably Champions Legaue match early 80s...is it correct?
I call upon my father's spirit , watching over me
  • #3,404
  • Mar 2, 2021 12:04am Mar 2, 2021 12:04am
Bear in mind DAX CASH INDEX made an huge jump since friday of +350 pts, so a decent retracement is ordinary....

same for US SP500 more than 100 pts rally, now pre market is retracing almost 1/3rd......
I call upon my father's spirit , watching over me
  • #3,405
  • Mar 2, 2021 12:14am Mar 2, 2021 12:14am
Quoting Brixen
{quote} Now I remember, some of my SudTirol school fellows went up to GRAZ for STURM GRAZ vs VERONA , probably Champions Legaue match early 80s...is it correct?

i think that was 20 years later? ~late 90`s?

..probably they were in the championsleague in the 80`s too, but at that time i was interested in Lego and Masters of the universe
  • #3,406
  • Mar 2, 2021 12:15am Mar 2, 2021 12:15am
Quoting Brixen
{quote} I hold both my positions bought 961. Target yd official highs around 14021. anyway possible dips towards 92..93..zone are in the cards, and obviously a new retest yd official lows around 89..87..zone. I'm ready with some additionals for now. Only DAX CFds for now.
Prices are breaking up again 14k zone, but real resistances are around 14025 and then 14070 zones.
Target for my positions placed around there.
I call upon my father's spirit , watching over me
  • #3,407
  • Mar 2, 2021 12:16am Mar 2, 2021 12:16am
Quoting Shaga
{quote} i think that was 20 years later? ~late 90`s? ..probably they were in the championsleague in the 80`s too, but at that time i was interested in Lego and Masters of the universe
I call upon my father's spirit , watching over me
  • #3,408
  • Mar 2, 2021 12:17am Mar 2, 2021 12:17am
Quoting Brixen
{quote} Prices are breaking up again 14k zone, but real resistances are around 14025 and then 14070 zones. Target for my positions placed around there.
14031 closed now 1 position
I call upon my father's spirit , watching over me
  • #3,409
  • Mar 2, 2021 12:18am Mar 2, 2021 12:18am
Quoting Brixen
{quote} 14031 closed now 1 position
+70 p DAX CFD=+14 p FDXM
I call upon my father's spirit , watching over me
  • #3,410
  • Mar 2, 2021 12:21am Mar 2, 2021 12:21am
I have now only 1 DAX CFD 13961.

Target 14061 (+100).

+50 pips FDXM gained so far today.
I call upon my father's spirit , watching over me
  • #3,411
  • Mar 2, 2021 12:28am Mar 2, 2021 12:28am
Quoting Brixen
I have now only 1 DAX CFD 13961. Target 14061 (+100). +50 pips FDXM gained so far today.
additionals only below my entry price, target always the same for now
I call upon my father's spirit , watching over me
  • #3,412
  • Mar 2, 2021 12:46am Mar 2, 2021 12:46am
Quoting Brixen
I have now only 1 DAX CFD 13961. Target 14061 (+100). +50 pips FDXM gained so far today.
Target just hit +100 p DAX CFD=+20 pips FDXM

FLAT and probably done my day on last couple of hours.

17 days to go to current Quarter Futures expiration.
I'm approaching my highest Quarter target (9k pips FDXM) so I will not take useless risks anymore .....probably!

I'll back after midday to check what Chicago and New York Big Boys want do........or better say try to understand what they want do
I call upon my father's spirit , watching over me
  • #3,413
  • Mar 2, 2021 12:47am Mar 2, 2021 12:47am
Brixen,

What has worked for you in the following situations?

1. Pyramiding : Increase positions. When? and How you have done which has worked. What has not worked also please.

How do you exit? Do you set up some kind of a plan in advance ?

2. Averaging: Do you do it to bring the average price closer to exit so that you can get out of an uncomfortable position? or Increase profits like pyramidying.

Or you do it to manage drawdown in case you think recovery will be fast? In my case, I was in drawdown for GBPNZD for 2.5 years before I went into small profit. After I exited, it went into my favoured direction and remained there for three months.

And 7 months hedged GBPJPY before it recovered and continued in my direction for a profit. Broker almost kept 30% of swap costs. Still I made 70% profit.

3. How often do you use Stop Loss?

4. Do you have any view on Risk Reward ratio?

5. How do you plan keeping margin money? Like me I keep 50% as buffer .
Practice makes a person perfect
  • #3,414
  • Mar 2, 2021 12:58am Mar 2, 2021 12:58am
987 bought 1 DAX CFD now
I call upon my father's spirit , watching over me
  • #3,415
  • Mar 2, 2021 1:00am Mar 2, 2021 1:00am
BIG BOYS on fire....high volatility, sharp ups and downs : TRADER PARADISE!!!!
I call upon my father's spirit , watching over me
  • #3,416
  • Mar 2, 2021 1:14am Mar 2, 2021 1:14am
Quoting simnz
Brixen, What has worked for you in the following situations? 1. Pyramiding : Increase positions. When? and How you have done which has worked. What has not worked also please. How do you exit? Do you set up some kind of a plan in advance ? 2. Averaging: Do you do it to bring the average price closer to exit so that you can get out of an uncomfortable position? or Increase profits like pyramidying. Or you do it to manage drawdown in case you think recovery will be fast? In my case, I was in drawdown for GBPNZD for 2.5 years before I went into small...
1. Pyramide trading is not for me. Simply I am not able, I know this is an Institutionals/BigBoys trading way, let's say the opposite I everyday do......

2. I'm perfectly aware averaging is and could be a dangerous trading way. My only aim is to remain stick to current prices, but at the same time almost every additionals entries must have some closing order to reduce in any case some or most positions, cause add and not reducing after is a REAL DANGER imho.

Last time I held a position in losses for 3 months was in 2002 I guess......so you know my horizon is at max some days, often 1 day.
TO BE OVER CAPITALIZED on trading account for my trading way is a MUST! This not means I have to thrown away or trade with all my money every day, every hour , every min. For instance yd or today I used only 2, 3 % of my potentila, but when it needs I could reach 60, 70, 80% , and always I have to take into acocunt margin and what Bank/Broker is charging me.

3. As you can see on my journals, often I took some losses, possibly soft losses on rebound, even slight rebound if I'm long, let's say this is my way to use stop loss, I simply take some soft losses when it's needed.

4.NO

TO BE CONTINUED
I call upon my father's spirit , watching over me
  • #3,417
  • Mar 2, 2021 1:14am Mar 2, 2021 1:14am
Quoting Brixen
987 bought 1 DAX CFD now
964 added 3 DAX CFDs now
I call upon my father's spirit , watching over me
  • #3,418
  • Mar 2, 2021 1:16am Mar 2, 2021 1:16am
Quoting Brixen
{quote} 964 added 3 DAX CFDs now
I have now 4 DAX CFDs 969,5.

additionals 95..until 92..zone for now. Only DAX CFD
I call upon my father's spirit , watching over me
  • #3,419
  • Mar 2, 2021 1:17am Mar 2, 2021 1:17am
Quoting Brixen
{quote} I have now 4 DAX CFDs 969,5. additionals 95..until 92..zone for now. Only DAX CFD
981 now closed 1 DAX CFD
I call upon my father's spirit , watching over me
  • #3,420
  • Mar 2, 2021 1:23am Mar 2, 2021 1:23am
Quoting simnz
Or you do it to manage drawdown in case you think recovery will be fast? In my case, I was in drawdown for GBPNZD for 2.5 years before I went into small profit.
I know this, first it is a scalp trade, then it becomes a swing trade and ends as an investment.
It could be worse.
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