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DAX Futures March 2021

  • #3,841
  • Mar 12, 2021 8:02am Mar 12, 2021 8:02am
Quoting Brixen
ROLLOVER DAX FUTURES: today volumes updated at 14CET here below. DAX MARCH (FDAX H21) : 32312. DAX JUNE (FDAX M21) : 980. mini DAX MARCH (FDXM H21) : 22619. mini DAX JUNE (FDXM M21) : 103.
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #3,842
  • Mar 12, 2021 8:21am Mar 12, 2021 8:21am
Quoting Dutchy Daxy
{quote} {image}
After some years I learned that CME for US Futures Indices, starts as main front contract next expiration 1 week before than EUREX/Europe.
And probably this is the reason of later rollover for DAX Futures.

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Click to Enlarge Name: CME1.png Size: 353 KB
I call upon my father's spirit , watching over me
  • #3,843
  • Mar 13, 2021 2:33am Mar 13, 2021 2:33am
Quoting Dutchy Daxy
{quote} {image}
Will appreciate if you can share the source link of the statistics.
Thank you.
Practice makes a person perfect
  • #3,844
  • Mar 13, 2021 2:38am Mar 13, 2021 2:38am
Since it is self-imposed No trade until another 10 days, may I try to tap your experience of how you scale in and scale out trades. Do you have a fixed plan or it varies from day to day?

Scaling out like this...
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Practice makes a person perfect
  • #3,845
  • Mar 13, 2021 2:40am Mar 13, 2021 2:40am
Scaling in....
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Practice makes a person perfect
  • #3,846
  • Mar 13, 2021 3:03pm Mar 13, 2021 3:03pm
Tomorrow at 22 CET will start another total lockdown for nearly 40 millions people here, a nightmare for next 22 days in a row, as it was exactly one year ago!!!
Intensive care hospitals under pressure, new variants and slow vaccine caused a new black period!
I only hope this is only the last one, cause real economy and millions people can't resist longer!

Inserted Video
I call upon my father's spirit , watching over me
  • #3,847
  • Mar 13, 2021 3:54pm Mar 13, 2021 3:54pm
Quoting simnz
Since it is self-imposed No trade until another 10 days, may I try to tap your experience of how you scale in and scale out trades. Do you have a fixed plan or it varies from day to day? Scaling out like this...{image}
Scaling out is what I did often, very rare scaling in. It's risky trading way, I'm aware and so I often I take countermeasures, otherwise it could end in the hell flames.
Countermeasures are mainly based on key levels + money mgmt between 3 different kinds of bullets I have on my side, DAX CFDs, FDXM and FDAX.

I take 3 March 2021 as an example, cause it was a wild day, several huge positions DAX CFD and FDXM, luckily not FDAX and very interesting to explain this way.
1. 1st of all this was the chart before European session and key levels to take into serious account: 14125,14065,14025, 13990 and 13925.
Attached Image (click to enlarge)
Click to Enlarge Name: 3march1.JPG Size: 77 KB

2. after I've closed positions from 14025 at 14125, I waited the development of price action.
Then I started to build a long positions only DAX CFDs at 14CET when prices went down from 14200 to 14125 (previous resistance then support).
But prices went dwon too far , at 14100 , so I scaled out most positions at 1st 14125 wave up.

3. then between 14:35 and 14:45CET I waited and aggressively added DAX CFDs around 14065 and 14025 + some 1st FDXM positions.
But at 1st wave toward 14065 I've closed all FDXM and nearly all DAX CFDs, cause prices went down in fast way well below 14065 and 14025 level (14k).

4. then I waited a retest 14025 and I added aggresively only DAX CFDs and specially at next station 990, but I waited also at 925 that was never hit that day.

5. then I scaled out another time between 14025 and 14065 for a total +368 pips FDXM gains that day.

In short, key levels help me to understand ot better say try to understand if they want go down for a retracement or for a reversal, but I must be humble and do not think twice when prices made 1st or 2nd rebound, around keylevels. otherwise I could miss the train and my trade could become a nightmare.

Again, it's a risk trading way, I must be fast, smart and without ego. I do not recommend this way to anyone.

Then everyday I recalculate key levels as showed every morning on my chart.
I fully agree with DUTCHY when he says trading needs rigid rules + flexible expectations....
Let's say my fixed rules are key levels but sometimes I'm a little bit naive probably for my latin blood.

I hope I replied to your questions.
I call upon my father's spirit , watching over me
  • #3,848
  • Mar 15, 2021 1:56am Mar 15, 2021 1:56am
DAX CASH INDEX official last friday high stands at 14527. I look at this level to try to understand what they want do in this final rollover week.
I can't trade FDXM cause MARCH will be automatically closed next hours/days by many Bank/Brokers and DAX JUNE Futures are in lethargic mode yet.
So almost impossible for me to trade these days and to start new journal for new expiration as I wrote last week.
Then this new total lockdown will force all of my people stay here in my house for next 3 weeks, so I have to face new chaos here!
Attached Image (click to enlarge)
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P.S.: US official open start at 14:30CET for current and next week.
US FED meeting main event for current week next wed.
I call upon my father's spirit , watching over me
  • #3,849
  • Mar 15, 2021 3:17am Mar 15, 2021 3:17am
Quoting Brixen
DAX CASH INDEX official last friday high stands at 14527. I look at this level to try to understand what they want do in this final rollover week. I can't trade FDXM cause MARCH will be automatically closed next hours/days by many Bank/Brokers and DAX JUNE Futures are in lethargic mode yet. So almost impossible for me to trade these days and to start new journal for new expiration as I wrote last week.
why not trade with CFDs?

Quote
Then this new total lockdown will force all of my people stay here in my house for next 3 weeks, so I have to face new chaos here!
and are you plannig to get a vaccine?
  • #3,850
  • Mar 15, 2021 3:21am Mar 15, 2021 3:21am
hope we're forming something like a double top now to give some good opportunities to reenter longs
  • #3,851
  • Mar 15, 2021 3:26am Mar 15, 2021 3:26am
Quoting Brixen
Tomorrow at 22 CET will start another total lockdown for nearly 40 millions people here, a nightmare for next 22 days in a row, as it was exactly one year ago!!! Intensive care hospitals under pressure, new variants and slow vaccine caused a new black period! I only hope this is only the last one, cause real economy and millions people can't resist longer! https://www.youtube.com/watch?v=mlPDRCRePbQ
absolutely agree! And yeah Chris Cornell was great. RIP
  • #3,852
  • Mar 15, 2021 3:47am Mar 15, 2021 3:47am
Quoting karuner
{quote} why not trade with CFDs? {quote} and are you plannig to get a vaccine?
1. last 2 days DAX CASH INDEX official was compressed in roughly 80 pts=0.5%.
Only early February prices were compressed this way on 2021 (100 pts that time)-
Look at NASDAQ for instance or DOW JONES.....they ride for hundreds and houndreds pts these days!

2. FDXM cover my shoulders if things go wrong way and then 10 FDXM are equal to 50 DAX CFDs.....so it's the same to go war with only 30% of your bullets.....

3. I'm too young to get vaccine these days/months, hopefully before summer, and I'm too old to stay inside my house with all chaos these kids I have.....
but it's not their fault, I was the same some decades ago
I call upon my father's spirit , watching over me
  • #3,853
  • Mar 15, 2021 3:51am Mar 15, 2021 3:51am
Quoting Brixen
{quote} 1. last 2 days DAX CASH INDEX official was compressed in roughly 80 pts=0.5%. Only early February prices were compressed this way on 2021 (100 pts that time)- Look at NASDAQ for instance or DOW JONES.....they ride for hundreds and houndreds pts these days!
dow is already close to its next big round number. trump would have loved this and bragged it

Quote
2. FDXM cover my shoulders if things go wrong way and then 10 FDXM are equal to 50 DAX CFDs.....so it's the same to go war with only 30% of your bullets..
ah yes, understood.. so maybe its an occassion to do some experiments with other trading styles and small cfd positions..
  • #3,854
  • Mar 15, 2021 3:51am Mar 15, 2021 3:51am
Quoting karuner
hope we're forming something like a double top now to give some good opportunities to reenter longs
America goes and will go higher, while the rest of the world follow in lazy slow way as the sheep follows the flocks.....
I call upon my father's spirit , watching over me
  • #3,855
  • Mar 15, 2021 3:54am Mar 15, 2021 3:54am
Quoting karuner
{quote} dow is already close to its next big round number. trump would have loved this and bragged it {quote} ah yes, understood.. so maybe its an occassion to do some experiments with other trading styles and small cfd positions..
eehhh! you know me very well. Yes, some experiments are on going, specifically for FDXM.
It's a 10 min observation, so very fast as check, but anchored to higher TF trend.
I will post something later, maybe in new journal, maybe in this.
I call upon my father's spirit , watching over me
  • #3,856
  • Mar 15, 2021 3:59am Mar 15, 2021 3:59am
Quoting Shaga
{quote} absolutely agree! And yeah Chris Cornell was great. RIP
Chris Cornell daughter here below in Pearl Jam Black song......
you know Soundgarden and Pearl Jam were and are so close, same Seattle scene, same years, same friends...

Inserted Video
I call upon my father's spirit , watching over me
  • #3,857
  • Mar 15, 2021 5:33am Mar 15, 2021 5:33am
Quoting Brixen
{quote} Scaling out is what I did often, very rare scaling in. It's risky trading way, I'm aware and so I often I take countermeasures, otherwise it could end in the hell flames. Countermeasures are mainly based on key levels + money mgmt between 3 different kinds of bullets I have on my side, DAX CFDs, FDXM and FDAX. I take 3 March 2021 as an example, cause it was a wild day, several huge positions DAX CFD and FDXM, luckily not FDAX and very interesting to explain this way. 1. 1st of all this was the chart before European session and key levels...
Key level is your rule. What criteria you use it?
Flexible expectations: That's a good observation.
I would make it Flexible and Realistic expectations.
Trading is not that tough .

Tough is to control rigidness triggered by ego.
Tough is to control struggle in mind triggered by market noise as well.

I have yet to find a 100% satisfactory solution.
I am ok with even 50% solution to be worked out by own brain.
For me, it has given me spectacular results.
For trying to get at least 75% control over mind I am watching his free youtube solutions that are helping me a lot:
Inserted Video


At the end of the day, it is your call and no-one can really help you.
Practice makes a person perfect
  • #3,858
  • Mar 15, 2021 7:23am Mar 15, 2021 7:23am
Quoting simnz
{quote} Key level is your rule. What criteria you use it? Flexible expectations: That's a good observation. I would make it Flexible and Realistic expectations. Trading is not that tough . Tough is to control rigidness triggered by ego. Tough is to control struggle in mind triggered by market noise as well. I have yet to find a 100% satisfactory solution. I am ok with even 50% solution to be worked out by own brain. For me, it has given me spectacular results. For trying to get at least 75% control over mind I am watching his free youtube solutions...
1. I have a couple criteria for key level.
1st levels indicated on my chart every morning, updated every day taking into account price reaction or creation support/resistance zone.
2nd classic FIBO level on big swing on going, as indicated here below, to look at big scenario.

2. Yes, flexible and realistic expectations sounds good, but sometimes or better say often, unexpected happens.
So in this case some realistic target will be overcome by unusual market move....

3. Yes, I fully agree. It's a total mental job.
Even if you made 100 trades in one day, you spend only 100 secs (2 min) or if you are slow 200 secs (3 min) to place these orders.
But then you have 598 or 597 min to think about if you trade for 10 hours a day for instance!!!!!!So 99,5% of your time!

Attached Image (click to enlarge)
Click to Enlarge Name: FIBO860590.PNG Size: 23 KB
I call upon my father's spirit , watching over me
  • #3,859
  • Mar 15, 2021 7:37am Mar 15, 2021 7:37am
US Gov BONDS yield on the rise again, so US futures not so strong now.....DAX heading towards last friday lows retest, probably.
I will place some DAX CFDs buy orders around 43../45..zone

Attached Image (click to enlarge)
Click to Enlarge Name: USTNOTE1.PNG Size: 75 KB
I call upon my father's spirit , watching over me
  • #3,860
  • Mar 15, 2021 7:47am Mar 15, 2021 7:47am
13:45CET : today FDXM volumes on Eurex here below:
FDXM MARCH 21355
FDXM JUNE 1176

Not bad, probaby I will trade something next hours.
I call upon my father's spirit , watching over me
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