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DAX Futures June 2021

  • #1,761
  • Apr 22, 2021 3:05am Apr 22, 2021 3:05am
Quoting Brixen
I go ahead only DAX CFD until Lagrde1 short 275 waiting gap close around 210 zone. additionals 29..33..zone,potential spikes included. +63 pips FDXM gained so far today.
I'll back later. aņerts at 22..21.. zoen and at 290/310 zone
I call upon my father's spirit , watching over me
  • #1,762
  • Apr 22, 2021 4:00am Apr 22, 2021 4:00am
Quoting Brixen
I go ahead only DAX CFD until Lagrde1 short 275 waiting gap close around 210 zone. additionals 29..33..zone,potential spikes included. +63 pips FDXM gained so far today.
263 now closed DAX CFD short 275 and waiting ECB flat.
I call upon my father's spirit , watching over me
  • #1,763
  • Apr 22, 2021 4:02am Apr 22, 2021 4:02am
Quoting Brixen
{quote} 263 now closed DAX CFD short 275 and waiting ECB flat.
+12 p DAX CFD=+2,5 pips FDXM
FLAT
Deleted all orders and all alerts until 13CET.
A little time of calm and peace after a rollercoaster week......

Inserted Video
I call upon my father's spirit , watching over me
  • #1,764
  • Apr 22, 2021 5:36am Apr 22, 2021 5:36am
Fyi, press conference at 14:30 CET.
It could be worse.
  • #1,765
  • Apr 22, 2021 6:15am Apr 22, 2021 6:15am
Quoting Mighty7
Fyi, press conference at 14:30 CET.
DAX CASH INDEX official (9-17:35CET) current week data, so far:
high 15502
low 15071
mid point : 15286, around today high. I will look at this simple math calculation, at this simple level.
prices below will lead at least 200 zone, above at least 335, then 390/400 zone.
I call upon my father's spirit , watching over me
  • #1,766
  • Edited 7:07am Apr 22, 2021 6:42am | Edited 7:07am
Quoting Brixen
{quote} DAX CASH INDEX official (9-17:35CET) current week data, so far: high 15502 low 15071 mid point : 15286, around today high. I will look at this simple math calculation, at this simple level. prices below will lead at least 200 zone, above at least 335, then 390/400 zone.
Hi Brixen,

How does Eurex aggregate margins and offsets against instruments of 1, 5 and 25 multipliers?
I want to give up CFD now that 1 multiplier futures contract is introduced by IB.

Can we sell 1 unit of 5 multiplier and offset the margin by selling 5 units of 1 multiplier without putting a load on margin? If offseting is allowed for hedged positions, then that will be good.
Any idea of Eurex policy on offsetting margins of their own exchange?

1 multiplier needs an initial margin of Eur 1,045
5 multiplier needs initial margin Eur 5,227
25 multiplier needs an initial margin of Eur 43,360

Attached Image


Anyway I will do dummy trading on paper trading account to know how margins are offset.

Yes it is a good idea to use different multipliers for hedging by trading in opposite directions involving only a small increase in margin deposit.
So basically hedging is allowed as long as different contract multipliers are used.
Practice makes a person perfect
  • #1,767
  • Apr 22, 2021 6:54am Apr 22, 2021 6:54am
Quoting simnz
{quote} Hi Brixen, How does Eurex aggregate margins and offsets against instruments of 1, 5 and 25 multipliers? I want to give up CFD now that 1 multiplier futures contract is introduced by IB. Can we sell 1 unit of 5 multiplier and offset the margin by selling 5 units of 1 multiplier without putting a load on margin? If offseting is allowed for hedged positions, then that will be good. Any idea of Eurex policy on offsetting margins of their own exchange? 1 multiplier needs an initial margin of Eur 1,045 5 multiplier needs initial margin Eur 5,227...
I have not well understood your question so be patient and please clear to me your question.

1. anyway are you talking about MICRO FUTURES on DAX? because I'm not allowed yet to trade with these new tools, so I'm not yet involved on this instrument.
2. my current choice to trade also DAX CFds is because there's no commission to pay vs Futures or Micro Futures, only spread a littl ebit higher than Eurex futures spread. Then Cfds are good to lower the risk in volatile market phase, where you can get very good gains even with these small tools.

waiting for your new feedback about it and sorry if I have not well understood your point.
I call upon my father's spirit , watching over me
  • #1,768
  • Apr 22, 2021 7:22am Apr 22, 2021 7:22am
I will short something on typical sell.off Lagarde press conference, as 13:45CET statement and usual words she will use are often not followed by SIGNIFICANT amount of purchase as they wrote....
only US is helping DAX and European Indices to a new sell wave, imho.

anyway I obviously could be wrong and market dont care about personal opinions, so I will short only some spikes up after/during 14;30CET with small DAX CFDs.
I call upon my father's spirit , watching over me
  • #1,769
  • Apr 22, 2021 7:25am Apr 22, 2021 7:25am
Quoting Brixen
{quote} I have not well understood your question so be patient and please clear to me your question. 1. anyway are you talking about MICRO FUTURES on DAX? because I'm not allowed yet to trade with these new tools, so I'm not yet involved on this instrument. 2. my current choice to trade also DAX CFds is because there's no commission to pay vs Futures or Micro Futures, only spread a littl ebit higher than Eurex futures spread. Then Cfds are good to lower the risk in volatile market phase, where you can get very good gains even with these small tools....
My experience with CFD is not good.
CFD is devised by market maker-cum-broker and does not follow any futures exchange.
So they can manipulate it easily. And they do. Their spreads are not constant. If commissions are not involved, you are paying fees by way of spreads.
Brokers who are dealers for liquidity providers don't make markets but charge $6 commission per trade. Their spreads are mostly limited to ask bid difference to 1 point only.

Interactive Brokers will kill such brokers by charging commission 80 cents for both sides. Spreads will mostly be 1 point.

Interactive Brokers is allowing me to trade 1 Eur multiplier (or what you call micro Dax futures contract) and they charge a small commission of US 0.40 per trade which means 0.80 for two-way trades. for a contract with Eur 5 multiplier commission is 0.80 which means $1.60 per contract and with Eur 25 multiplier commission is $2 which means $4 for both sides.

IB is a big broker and acts only as a dealer passing on quotes from Big Liquidity Providers.
Practice makes a person perfect
  • #1,770
  • Apr 22, 2021 7:29am Apr 22, 2021 7:29am
Quoting simnz
{quote} My experience with CFD is not good. CFD is devised by market maker-cum-broker and does not follow any futures exchange. So they can manipulate it easily. And they do. Their spreads are not constant. Brokers who are dealers for liquidity providers don't make markets but charge $6 commission per trade. Interactive Brokers will kill such brokers by charging 80 cents for both sides. Interactive Brokers is allowing me to trade 1 Eur multiplier (or what you call micro Dax futures contract) and they charge a small commission of US 0.40 per trade...
IC Markets that i use do not charge any commision on indises and the spread for YM is 150-200 points totally fine and when using the Volume/delta with futures data the candles behave just like volume predict and yes in asia/europeian session they may manipulate,but in U.S session i am pretty sure price follow futures data it surely get a fire off volume when futures open in U.S....
Insanityoing same ting over expecting different results..Einstein
  • #1,771
  • Apr 22, 2021 7:35am Apr 22, 2021 7:35am
Quoting FXsniper111
{quote} IC Markets that i use do not charge any commision on indises and the spread for YM is 150-200 points totally fine and when using the Volume/delta with futures data the candles behave just like volume predict and yes in asia/europeian session they may manipulate,but in U.S session i am pretty sure price follow futures data it surely get a fire off volume when futures open in U.S....
All CFD products are offered on market basis and are considered OTC products.
which means the prices are fixed by them.
They don't follow any recognized or regulated exchange to derive values from their contracts.
During break times, their ask bid spreads widen from 10 pips to 20 pips
99% of CFD brokers or dealers will not say they are passing quotes from Liquidity providers.
All clearly say they are market makers.
Practice makes a person perfect
  • #1,772
  • Apr 22, 2021 7:43am Apr 22, 2021 7:43am
Quoting Brixen
I will short something on typical sell.off Lagarde press conference, as 13:45CET statement and usual words she will use are often not followed by SIGNIFICANT amount of purchase as they wrote.... only US is helping DAX and European Indices to a new sell wave, imho. anyway I obviously could be wrong and market dont care about personal opinions, so I will short only some spikes up after/during 14;30CET with small DAX CFDs.
301 was triggered sec ago, but not 313
I call upon my father's spirit , watching over me
  • #1,773
  • Apr 22, 2021 7:46am Apr 22, 2021 7:46am
Well there must be a reason for Brixen to both trade Futures and CFD i am sure he can answer if price is the same and i watched many brokers at the same time on CFD up to 5 and price is always the same cant be a coincidence that they use same liquidity providers as i said this is U.S session Brixen trades DAX,but should be the same like on DAX the spreads are trew the roof in asian session not possible to trade at all...

EDIT:I just read Brixen post abaut CFD`s have no commision and lower leverage,but again dont think he would trade them if price was behaving different...
Insanityoing same ting over expecting different results..Einstein
  • #1,774
  • Apr 22, 2021 7:49am Apr 22, 2021 7:49am
Quoting Brixen
{quote} 301 was triggered sec ago, but not 313
stop at breakeven if prices will break down 26..27..zone, current 277....
I call upon my father's spirit , watching over me
  • #1,775
  • Apr 22, 2021 8:00am Apr 22, 2021 8:00am
Quoting Brixen
{quote} stop at breakeven if prices will break down 26..27..zone, current 277....
anyway just checked I need only few pips to hit 600 target pips fro this week, so I'm closing now at 268 my short.

as expected Lagarde words started a 40 pts fall on DAX in 10 min and aspikeup on EURUSD......
I call upon my father's spirit , watching over me
  • #1,776
  • Apr 22, 2021 8:01am Apr 22, 2021 8:01am
Quoting Brixen
{quote} anyway just checked I need only few pips to hit 600 target pips fro this week, so I'm closing now at 268 my short. as expected Lagarde words started a 40 pts fall on DAX in 10 min and aspikeup on EURUSD......
+33 p DAX CFD=+6,5 pips FDXM

I will probably not trade until next monday, unless some deep dip better on friday...as they often did last weeks/year.
I call upon my father's spirit , watching over me
  • #1,777
  • Apr 22, 2021 8:16am Apr 22, 2021 8:16am
OK, now I can reply to Simnz and FXSniper 111, cause you know, 1st of all trades and when trades are closed we can talk, we can post videos, music, sports, spaghetti carbonara and so on.........
I call upon my father's spirit , watching over me
  • #1,778
  • Apr 22, 2021 8:27am Apr 22, 2021 8:27am
Quoting simnz
{quote} All CFD products are offered on market basis and are considered OTC products. which means the prices are fixed by them. They don't follow any recognized or regulated exchange to derive values from their contracts. During break times, their ask bid spreads widen from 10 pips to 20 pips 99% of CFD brokers or dealers will not say they are passing quotes from Liquidity providers. All clearly say they are market makers.
I am lucky and now I fully understand your point.

I'm trading using same Bank/Broker since 1999. I made tons of operations every day, every week, every year, so we agreed fixed good conditions, so I have fixed spread and prices stick to official DAX CASH IDNEX price, + decent fixed well established commissions on Eurex. I'm good, and no problem.
It's a local, national Bank,one of the 1st well connected to Eurex, even 15 min walk from my house with real peope employed, no real problems with them in nearly 20 years.
Then me and my wife, next my eldest son, we have non trading account also with that Bank since 2 decades.
So again I'm lucky and all your posts about these International brokers, make me full understand how lucky I was and I am......but I will not tell this to my Bank
I call upon my father's spirit , watching over me
  • #1,779
  • Apr 22, 2021 8:37am Apr 22, 2021 8:37am
Quoting FXsniper111
Well there must be a reason for Brixen to both trade Futures and CFD i am sure he can answer if price is the same and i watched many brokers at the same time on CFD up to 5 and price is always the same cant be a coincidence that they use same liquidity providers as i said this is U.S session Brixen trades DAX,but should be the same like on DAX the spreads are trew the roof in asian session not possible to trade at all... EDIT:I just read Brixen post abaut CFD`s have no commision and lower leverage,but again dont think he would trade them if price...
Just captured this image for you sec ago, it was from offcial Deutsche Boerse, as you can see 15275,5 was the official price for DAX CASH INDEX.
That moment I had 273,5 and 275,5 as bid/ask price on my DAX CFD.
I hope I have replied to your point. Otherwise let me know.

Attached Image (click to enlarge)
Click to Enlarge Name: sniper111.JPG Size: 49 KB
I call upon my father's spirit , watching over me
  • #1,780
  • Apr 22, 2021 9:19am Apr 22, 2021 9:19am
After 4 wild days with highvolatility, today DAX is moving into narrow ranges, so far only 70 pts.

Anyway it's quite normal after violent moves we saw last 4 days.

Currently a decrease on EURUSD is helping usual exporters to push up again main Index +SAP(+2%), most weigthed share on DAX30.
I call upon my father's spirit , watching over me
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