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DAX Futures June 2021

  • #2,041
  • Apr 30, 2021 5:04am Apr 30, 2021 5:04am
Quoting Brixen
{quote} After big scenario with big key levels, this is my humble suggestion for intraday today trading on DAX FUTURE = -15 pts for DAX CASH INDEX prices. {image}
12 CET DAX FUTURE update

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM15.png Size: 27 KB
I call upon my father's spirit , watching over me
  • #2,042
  • Apr 30, 2021 6:02am Apr 30, 2021 6:02am
Quoting Brixen
{quote} 12 CET DAX FUTURE update {image}
Made some experiment on MICRO DAX FUTURE last hour, I mean real live trades, but I will not count in this journal, as this is a new tool I'm testing.
But they were perfect, I mean good liquidity , fast execution, maybe a little wide spread but when there's volatility spread means nothing on DAX.
Some friend here told me on PM that liquidity is close to zero after hours or during overnight and yd it took almost 45 minutes to be filled an order at 20CET......

but during daily session, I've seen it is OK. Made a short 205 covered at 157.
I call upon my father's spirit , watching over me
  • #2,043
  • Apr 30, 2021 6:05am Apr 30, 2021 6:05am
Quoting Brixen
{quote} Made some experiment on MICRO DAX FUTURE last hour, I mean real live trades, but I will not count in this journal, as this is a new tool I'm testing. But they were perfect, I mean good liquidity , fast execution, maybe a little wide spread but when there's volatility spread means nothing on DAX. Some friend here told me on PM that liquidity is close to zero after hours or during overnight and yd it took almost 45 minutes to be filled an order at 20CET...... but during daily session, I've seen it is OK. Made a short 205 covered at 157.
nice! can you view the orderbook? would be interesting to see the limits at the first 10 levels – also in comparison to FDAX and FDXM .. i have no access to this kind of data
  • #2,044
  • Apr 30, 2021 6:13am Apr 30, 2021 6:13am
Quoting karuner
{quote} nice! can you view the orderbook? would be interesting to see the limits at the first 10 levels – also in comparison to FDAX and FDXM .. i have no access to this kind of data
MICRO just 1 min ago, only 1st 5 levels, FOR NOW
Attached Image
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  • #2,045
  • Apr 30, 2021 6:14am Apr 30, 2021 6:14am
just bought 1 MICRO 164 , again as test
I call upon my father's spirit , watching over me
  • #2,046
  • Apr 30, 2021 6:21am Apr 30, 2021 6:21am
Quoting Brixen
{quote} MICRO just 1 min ago, only 1st 5 levels, FOR NOW {image}
thanks! , hm 3 points spread (69/72), is that correct – when you took the screenshot, bid/ask was 69/72?

i see margins are very low, starting at 60 EUR. you can't have that with CFDs in germany anymore.
  • #2,047
  • Apr 30, 2021 6:32am Apr 30, 2021 6:32am
Quoting karuner
{quote} thanks! , hm 3 points spread (69/72), is that correct – when you took the screenshot, bid/ask was 69/72? i see margins are very low, starting at 60 EUR. you can't have that with CFDs in germany anymore.
Yes, it depends on voaltility, a little bit higher than FDXM, but FDXM is super only 1 pip, max 2 spread is unbelievable.
Margin is higher than DAX CFd now for me....in the end it's the same for me as DAX CFD currently, let's say another tool just in case, but as Dutchy said yd, it will probably grow up as MICRO Futures on CME.
Then again, with these exaggerated prices we have worldwide, is it difficult to afford a serious trading account with FDXM/FDAX, almost impossible compared to old days when with a 20k € account you could buy even 3 FDAX or 20/25 FDXM.

Again I'm only testing the waters during a daily hour.....nothing more nothing less.
I call upon my father's spirit , watching over me
  • #2,048
  • Apr 30, 2021 6:36am Apr 30, 2021 6:36am
Quoting Brixen
just bought 1 MICRO 164 , again as test
testing now stop if it works or not on MICRO, stop 164, target 193, current 187.
I call upon my father's spirit , watching over me
  • #2,049
  • Apr 30, 2021 6:37am Apr 30, 2021 6:37am
Quoting Brixen
{quote} Yes, it depends on voaltility, a little bit higher than FDXM, but FDXM is super only 1 pip, max 2 spread is unbelievable. Margin is higher than DAX CFd now for me....in the end it's the same for me as DAX CFD currently, let's say another tool just in case, but as Dutchy said yd, it will probably grow up as MICRO Futures on CME. Then again, with these exaggerated prices we have worldwide, is it difficult to afford a serious trading account with FDXM/FDAX, almost impossible compared to old days when with a 20k € account you could buy even...
german broker here wants 600 EUR margin for one CFD (australian broker IC Markets much higher leverage: only 60 EUR). i think german regulation allows only for smaller leverage in CFD and Forex nowadays. for my trading approach micro dax would be an interesting option. i couldn't handle 5 or more FDXM at once , as i do with single CFDs. never speaking of FDAX, that would be insane for me.
  • #2,050
  • Apr 30, 2021 6:44am Apr 30, 2021 6:44am
Quoting Brixen
{quote} testing now stop if it works or not on MICRO, stop 164, target 193, current 187.
perfect execution last min. it worked well.
done my live experiment trades on MICRO today.
I call upon my father's spirit , watching over me
  • #2,051
  • Apr 30, 2021 6:51am Apr 30, 2021 6:51am
Quoting karuner
{quote} german broker here wants 600 EUR margin for one CFD (australian broker IC Markets much higher leverage: only 60 EUR). i think german regulation allows only for smaller leverage in CFD and Forex nowadays. for my trading approach micro dax would be an interesting option. i couldn't handle 5 or more FDXM at once , as i do with single CFDs. never speaking of FDAX, that would be insane for me.
These enormous prices on all Indices make extremely hard to trade nowadays.
Today FDAX it's only for Institutionals, Hedge Funds, Banks,Wealth Professional traders and so on.
But once was different, there was only FDAX, DAX INDEX was at 7000 and margin requested were not so high as today (10k € per 1FDAX overnight and 5 times lowere for intarday position), but the money you could made were the same as today, when you need consistent money in your rading account.
My trading account nowadays is 6,8 times higher then 1 or 2 decades ago......

Anyway, no regrets, no complain, what it really matters here is to made consistent and regular gains everyday...possibly with lowest margin.....
I call upon my father's spirit , watching over me
  • #2,052
  • Apr 30, 2021 6:58am Apr 30, 2021 6:58am
OK, final stat for current week here beow, as usual:
mon +84,5
tue +199
wed +55
yd +264,5
TOTAL: +603 pips FDXM.

Good weekend to all friends here, stay safe and masked outisde. I'll back form time to time here, as usual.
This one is for all people, all friends here and around, living in these difficult and tough times.

Inserted Video
I call upon my father's spirit , watching over me
  • #2,053
  • Apr 30, 2021 10:06am Apr 30, 2021 10:06am
Quoting Brixen
OK, final stat for current week here beow, as usual: mon +84,5 tue +199 wed +55 yd +264,5 TOTAL: +603 pips FDXM. Good weekend to all friends here, stay safe and masked outisde. I'll back form time to time here, as usual. This one is for all people, all friends here and around, living in these difficult and tough times. https://www.youtube.com/watch?v=alorNxGo0FM
What is the monthly Average range?
Practice makes a person perfect
  • #2,054
  • Apr 30, 2021 2:51pm Apr 30, 2021 2:51pm
Quoting Brixen
No trades for me today having hit my weekly target, but it's friday and if they will push prices on interesting levels (< 15100, better well below) I could buy something for next week. Day off for now.....I'll back later to check what's going on and for my usual weekly stat.
and Yes, they pushed down prices below 15100 sec ago and I've just bought a couple DAX CFDs 099 and 098 for next week.
I call upon my father's spirit , watching over me
  • #2,055
  • Apr 30, 2021 2:56pm Apr 30, 2021 2:56pm
Quoting simnz
{quote} What is the monthly Average range?
Last page of my previous journals there's final stat per week, you can easily see the average per week/per month.
But stats are only for the past, and frankly what it really matters for me is the next trade.....

Good weekend Simnz, see you here as usual.
I call upon my father's spirit , watching over me
  • #2,056
  • Edited 4:25am May 1, 2021 4:14am | Edited 4:25am
Quoting Brixen
{quote} perfect execution last min. it worked well. done my live experiment trades on MICRO today.
DAX Micro's 4500 traded last Friday. +/- 10% volume of the Mini DAX (FDXM)
Spread is getting smaller.

Becomes tradable. I also took some tive trades on the DAX Micro
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,057
  • May 1, 2021 8:39am May 1, 2021 8:39am
Quoting Dutchy Daxy
{quote} DAX Micro's 4500 traded last Friday. +/- 10% volume of the Mini DAX (FDXM) Spread is getting smaller. Becomes tradable. I also took some tive trades on the DAX Micro
I saw you write that you countered with 1000 micro contracts how much is that compared to Mini and did you have problems getting filled with the small volume on micros?
Insanityoing same ting over expecting different results..Einstein
  • #2,058
  • Edited May 2, 2021 1:10am May 1, 2021 9:50am | Edited May 2, 2021 1:10am
Quoting FXsniper111
{quote} I saw you write that you countered with 1000 micro contracts how much is that compared to Mini and did you have problems getting filled with the small volume on micros?
You must have seen that wrong.
1000 Micro DAX contracts should be the same value of 200 Mini DAX contracts and is not allowed (even if I had the money (100K Margin) and guts to take such a trade).

5 Micro DAX contracts is the same value as 1 Mini DAX contract.

The only trade I took was a 10 lot Micro DAX (value of 2 Mini DAX contracts) and build up the position at different price levels.
So not all filled in one time/at one price.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #2,059
  • May 2, 2021 1:47pm May 2, 2021 1:47pm
Quoting Dutchy Daxy
{quote} DAX Micro's 4500 traded last Friday. +/- 10% volume of the Mini DAX (FDXM) Spread is getting smaller. Becomes tradable. I also took some tive trades on the DAX Micro
1. yes, MICRO DAX FUTURES are increasing their volumes day by day, after 2 weeks from their launch, and this is good for all of us.
But I don't think they will reach FDXM (MINI) volumes, because DAX FUTURE market is highly concentrated in BigHands.
If you multiply x 5 FDXM volumes, you ever hit FDAX volumes, they remain well below that hypotetical level.
the same will be for MICRO DAX FUTURES. I could be wrong, but this is it ...at least so far.
US CME MICRO show a different situation, as you previously wrote, but Europe not for now.

2. Anyway my humble advice is to trade MICRO only during official hours, 9CET until 17:35CET, cause out of these hours you could spent long time to have filled an order, while during official time, situation seems more or less the same of FDXM.

3. Another problem is the commission for 1 MICRO that is not 1/5th of FDXM, at least for me, at least for now.
So on simple MATH perspective, this is not good. Things may and probably will change next, depending on Brokers/volumes and so on.
So in the end, probably it's too early to jump to final conclusion. We'll see.....
I call upon my father's spirit , watching over me
  • #2,060
  • May 3, 2021 12:46am May 3, 2021 12:46am
Quoting Brixen
{quote} 1. yes, MICRO DAX FUTURES are increasing their volumes day by day, after 2 weeks from their launch, and this is good for all of us. But I don't think they will reach FDXM (MINI) volumes, because DAX FUTURE market is highly concentrated in BigHands. If you multiply x 5 FDXM volumes, you ever hit FDAX volumes, they remain well below that hypotetical level. the same will be for MICRO DAX FUTURES. I could be wrong, but this is it ...at least so far. US CME MICRO show a different situation, as you previously wrote, but Europe not for now. 2....
7:45CET: 16 MICRO DAX Futures so far.......= 3 FDXM. While FDXM volumes were 381.........
I call upon my father's spirit , watching over me
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