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DAX Futures June 2021

  • #901
  • Apr 6, 2021 2:44am Apr 6, 2021 2:44am
Quoting Brixen
{quote} No official info from Eurex, excluded the one I posted last week. I guess it will be the same as current DAX CFD but with min spread, as now for FDXM and commissions depending on your Bank/Broker. 0,5 or 1 not sure for now. Waiting next couple of weeks fro official Eurex statement.
do you have 1 or 0.5 points minimum tick in FDXM ?
here is a statement from eurex

https://www.eurex.com/ex-de/ressourc...preads-2069746

edit: i read it wrong, sorry
  • #902
  • Apr 6, 2021 2:46am Apr 6, 2021 2:46am
Quoting steve2222
{quote} FDAX and FDXM are whole points. Actually it may only be the micro FESX that goes half points. According to the attached micro DAX may still be whole points: https://www.eurex.com/ex-en/find/cir...rcular-2575558 refer attachment 1.
Yes, that's right and it was natural for FESX to reduce to 0,5 for different weight they have, but maybe not for FDXM.

How it's going on over there Steve, you are not in lockdown in NZ, is it correct?
I call upon my father's spirit , watching over me
  • #903
  • Apr 6, 2021 3:00am Apr 6, 2021 3:00am
Quoting karuner
{quote} you'll stop with CFDs when micros come?
It depends my friend!
DAX CFD currently have no cost, no commission during the day. but spread is little bit higher than current FDXM.
So if Micro FDXM will have same spread as today FDXM but usual commissions as futures, no need to change, it remains the same situation as I trade these days.

In any case for me this is not a real problem.
My real issue is that my current trading style needs an over captalized trading account.
As I wrote 1st post this journal I reduced1/3 rd and switched to a non trading account, but nominal values for DAX tools has increased by more than 10% last weeks.
So on simple MATH point view is the same as I reduced to 50% my trading account.....

One year ago with a well capitalized trading account of 40/60k € you could afford 8 FDAX on intraday basis.
I call upon my father's spirit , watching over me
  • #904
  • Apr 6, 2021 3:13am Apr 6, 2021 3:13am
Quoting Brixen
{quote} +67 p DAX CFD=+13,5 pips FDXM I have now only 1 DAX CFD long 230. Waiting 190/210 zone to add or 330 to close......we'll see. +102 pips FDXM gained so far today.
OK, a little break for me after a very fast morning so far.
Waiting US BigBoys to step in around midday while I'm holding my DAX CFD 230.

Alerts 21../19..zone and slight above 300 zone as previosuly indicated.
I call upon my father's spirit , watching over me
  • #905
  • Apr 6, 2021 3:18am Apr 6, 2021 3:18am
Quoting karuner
{quote} do you have 1 or 0.5 points minimum tick in FDXM ? here is a statement from eurex https://www.eurex.com/ex-de/ressourc...preads-2069746 edit: i read it wrong, sorry
Goodness, if FDXM is going to 0.1 tick from 1.0, I'm coming out of retirement (the only trading account I did not close was my NinjaTrader futures account, so the CFD was not an option; Dorman charge a small amount for inactivity each month, so I've being doing at least one MNQ e-micro trade every couple of weeks off the H1 chart anyway, but I far prefer trading DAX in the European morning... there's only so much golf one can play, anyway...).

From the link you posted with my highlight, tks karuner :

Attached Image (click to enlarge)
Click to Enlarge Name: FDXM changes.PNG Size: 113 KB


So by introducing 0.1 tick increments, the contract size is effectively converted to e-micro size, but if I understand Brixen correctly, this has not yet been implemented... I'd better read this wonderful journal more often
  • #906
  • Apr 6, 2021 3:24am Apr 6, 2021 3:24am
Quoting jtrade
{quote} Goodness, if FDXM is going to 0.1 tick from 1.0, I'm coming out of retirement (the only trading account I did not close was my NinjaTrader futures account, so the CFD was not an option; Dorman charge a small amount for inactivity each month, so I've being doing at least one MNQ e-micro trade every couple of weeks off the H1 chart anyway, but I far prefer trading DAX in the European morning... there's only so much golf one can play, anyway...). From the link you posted with my highlight, tks karuner : {image} So by introducing 0.1 tick increments,...
i think they change FDXM from 1.0 minimum tick size to 0.5 minimum tick size
see also here https://www.eurex.com/resource/blob/...de_Anhang1.pdf

and they are currently testing the Micro Dax futures https://www.eurex.com/ex-en/markets/...-product-suite
  • #907
  • Apr 6, 2021 3:50am Apr 6, 2021 3:50am
Quoting karuner
{quote} i think they change FDXM from 1.0 minimum tick size to 0.5 minimum tick size see also here https://www.eurex.com/resource/blob/...de_Anhang1.pdf and they are currently testing the Micro Dax futures https://www.eurex.com/ex-en/markets/...-product-suite
Aha - I see, thank-you, k. If I understand correctly, the micro-Dax will have a tick value one fifth the FDXM @ €1.00, not one tenth like the CME e-micros.

Btw, I (maybe mis-)read the first document concerning the 0.5 FDXM tick value as being for calendar spreads only.
It will be very interesting to see if the DAX futures market takes a similar path to the NQ, where the e-micro, MNQ, has achieved a simply staggering volume (this morning 107k contracts traded compared with 106k ES and only 48k NQ... with the US session still several hours away. I assume the micro-DAX commission levels will be low to compete with CME e-micros.

I'm long MNQ right now off the H1 chart : the volatility / range is insane during the US session these days (too wild for me), just manageable during the European morning (+120 tick target hit since making the screenshot). I'm going to start trading every morning now, maybe 1 to 2 trades each day, to get into training for micro-DAX. It may take up to a year before the new micro has tradable volume (it took FDXM about 2 years, I think).

Attached Image (click to enlarge)
Click to Enlarge Name: MNQ 6 April.PNG Size: 75 KB
  • #908
  • Apr 6, 2021 3:59am Apr 6, 2021 3:59am
Quoting jtrade
{quote} Aha - I see, thank-you, k. If I understand correctly, the micro-Dax will have a tick value one fifth the FDXM @ €1.00, not one tenth like the CME e-micros. Btw, I (maybe mis-)read the first document concerning the 0.5 FDXM tick value as being for calendar spreads only. It will be very interesting to see if the DAX futures market takes a similar path to the NQ, where the e-micro, MNQ, has achieved a simply staggering volume (this morning 107k contracts traded compared with 106k ES and only 48k NQ... with the US session still several hours...
i can check precisely if you are interested. must have a closer look at the eurex website ...

i believe the micros are a step to kill the CFD business in germany or europe.
  • #909
  • Apr 6, 2021 4:14am Apr 6, 2021 4:14am
Quoting karuner
{quote} i think they change FDXM from 1.0 minimum tick size to 0.5 minimum tick size see also here https://www.eurex.com/resource/blob/...de_Anhang1.pdf and they are currently testing the Micro Dax futures https://www.eurex.com/ex-en/markets/...-product-suite
Not so sure....anyway it's too early now.
We we have to check volumes, possible tech issues, commissions from Bank/Broker, a potential counter measures from DAX CFDs to avoid an escape to Eurex Micro and so on. Maybe a new statement will be made from Eurex next days or the days before the official start.
Attached Image (click to enlarge)
Click to Enlarge Name: eurexofficial.JPG Size: 89 KB
I call upon my father's spirit , watching over me
  • #910
  • Apr 6, 2021 4:18am Apr 6, 2021 4:18am
Quoting jtrade
{quote} Aha - I see, thank-you, k. If I understand correctly, the micro-Dax will have a tick value one fifth the FDXM @ €1.00, not one tenth like the CME e-micros. Btw, I (maybe mis-)read the first document concerning the 0.5 FDXM tick value as being for calendar spreads only. It will be very interesting to see if the DAX futures market takes a similar path to the NQ, where the e-micro, MNQ, has achieved a simply staggering volume (this morning 107k contracts traded compared with 106k ES and only 48k NQ... with the US session still several hours...
But what is really important here, it's not new tool for DAX Future, but the JTRADE comeback after weeks!!!!
the AMSTERDAM LORD is back!!!!
So this is for you, yd on Ionian Sea....it's not the Tyrrenian sea that you like so much around Cecina, but it's always wonderful, maybe even more on lockdown days!
Attached Image (click to enlarge)
Click to Enlarge Name: 050421.JPG Size: 62 KB
I call upon my father's spirit , watching over me
  • #911
  • Apr 6, 2021 4:41am Apr 6, 2021 4:41am
24..23..zone placed a couple FDXM buy order, current 259.....
I call upon my father's spirit , watching over me
  • #912
  • Apr 6, 2021 4:44am Apr 6, 2021 4:44am
Quoting Brixen
{quote} Not so sure....anyway it's too early now. We we have to check volumes, possible tech issues, commissions from Bank/Broker, a potential counter measures from DAX CFDs to avoid an escape to Eurex Micro and so on. Maybe a new statement will be made from Eurex next days or the days before the official start. {image}
no, i mean that in germany it's discussed to make CFDs illegal for private traders. they are already killing retail trading via the tax laws that are in effect since i believe january. now there is a limit to offset losses against gains. if you get over this limit you might even have to pay taxes for your losses. that's what i heard, it's probably still discussed and will lead to law suits hopefully
  • #913
  • Apr 6, 2021 4:47am Apr 6, 2021 4:47am
Quoting Brixen
{quote} But what is really important here, it's not new tool for DAX Future, but the JTRADE comeback after weeks!!!! the AMSTERDAM LORD is back!!!! So this is for you, yd on Ionian Sea....it's not the Tyrrenian sea that you like so much around Cecina, but it's always wonderful, maybe even more on lockdown days! {image}
Haha ... but thank-you for your welcome.

The Cecina project has fallen through : my friends and I were supposed to finalise it one year ago this month, but were thwarted by lockdowns. I managed to see the place last September (in fact, I did not like it nearly so much as most of the others anyway), but the 8 or so Americans in our group were unable to get there (their financial strength is needed ). We want to be near either the sea or a lake. Seeing the castle you posted yesterday reminded me that to drive around Alto Adige would be a good idea : I thought I might take myself and my dog on a drive around Italy as soon as next month, but too many new lockdowns in place. All being well, I will visit my sister & brother-in-law in Klosters in July or August, so I'd already be most of the way to Northern Italy, but I would not normally choose mid-summer... October might be better, we'll see. Ideally, I'd like to find a large, old borgo that we could convert into maybe 20 1-bedroom apartments (we're mostly 60+, so we'd create a few studio apartments for guests), but after the failure of the first project, I feel it's going to have to happen Frank Sinatra style (My Way)... but I also feel I need to get a move on, as my next birthday begins with a 7....

Marlon Brando, on realising his next birthday will be his 70th :

Inserted Video
  • #914
  • Apr 6, 2021 4:47am Apr 6, 2021 4:47am
Quoting karuner
{quote} no, i mean that in germany it's discussed to make CFDs illegal for private traders. they are already killing retail trading via the tax laws that are in effect since i believe january. now there is a limit to offset losses against gains. if you get over this limit you might even have to pay taxes for your losses. that's what i heard, it's probably still discussed and will lead to law suits hopefully
OK, understood......this is another reason fro Eurex to create this new MINI Futures.
We says here, if you made a new law, they will find another way to overcome it.........
I call upon my father's spirit , watching over me
  • #915
  • Apr 6, 2021 5:01am Apr 6, 2021 5:01am
Quoting Brixen
{quote}We says here, if you made a new law, they will find another way to overcome it.........
haha that's why i like italy ... in germany: if you find a way to overcome it, there will be a neighbour who tells the police.
  • #916
  • Apr 6, 2021 5:01am Apr 6, 2021 5:01am
Quoting jtrade
{quote} Haha ... but thank-you for your welcome. The Cecina project has fallen through : my friends and I were supposed to finalise it one year ago this month, but were thwarted by lockdowns. I managed to see the place last September (in fact, I did not like it nearly so much as most of the others anyway), but the 8 or so Americans in our group were unable to get there (their financial strength is needed ). We want to be near either the sea or a lake. Seeing the castle you posted yesterday reminded me that to drive...
1. Understood Tuscany project not going on anymore, not easy on these days to make real an inetresting project.......
2. Is your sister living not too far from Stelvio mountains (North West Alto Adige) close to Switzerland border, not too far from Livigno/Bormio, North Lombardia?
3. You have the spirit of a teenager, an example for me I guess for most of us!!!!Really!
4. and I prefer this youngster birthday here below and not Marlon Brando horror birthday.....
Inserted Video

Inserted Video
I call upon my father's spirit , watching over me
  • #917
  • Apr 6, 2021 5:02am Apr 6, 2021 5:02am
Quoting Brixen
24..23..zone placed a couple FDXM buy order, current 259.....
while I posted last minutes, 248 was triggered 1FDXM buy order
I call upon my father's spirit , watching over me
  • #918
  • Apr 6, 2021 5:07am Apr 6, 2021 5:07am
Quoting Brixen
{quote} while I posted last minutes, 248 was triggered 1FDXM buy order
stop at breakeven 248, current 268...target 28..29..zone.
I call upon my father's spirit , watching over me
  • #919
  • Apr 6, 2021 5:15am Apr 6, 2021 5:15am
Quoting Brixen
{quote} stop at breakeven 248, current 268...target 28..29..zone.
closed now at 274 cause I have to go to out......all my people here want to eat and they are studying or working on line!!!
I call upon my father's spirit , watching over me
  • #920
  • Apr 6, 2021 5:16am Apr 6, 2021 5:16am
Quoting Brixen
{quote} closed now at 274 cause I have to go to out......all my people here want to eat and they are studying or working on line!!!
+26 pips FDXM

I hold now only 1 DAX CFD 230.
additionals 190/210. Target 330 (+100).
+128 pips FDXM gained so far today.
I call upon my father's spirit , watching over me
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