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DAX Futures June 2021

  • #2,341
  • May 6, 2021 5:00am May 6, 2021 5:00am
I only want be accurate when I post something and last tuesday, a superintensive day trade, I posted a wrong FIBONACCI retracement levels. That's all !
This one here below is correct, with the assumption last big swing on DAX CASH INDEX started on 25 March low and reached the ATH (so far) on 19 April.

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I call upon my father's spirit , watching over me
  • #2,342
  • May 6, 2021 5:07am May 6, 2021 5:07am
Quoting Brixen
DAX FUTURE chart for today here below, as usual roughly -10 pts for DAX CASH INDEX prices. {image}
Based on your plot, today I have implemented a straddle trade, Buying and Selling at same position. Basically hedging the positions requiring no extra margin.

Both trades done at 1.80
I selected this point because it is closer to your indicated turning point and below Daily Open of 15170 by 25 pips.

Based on 15 pips above/ 35 pips below daily open of 15170 TP .
Total envelope of 50 pips drawn on Daily Open.

Sell at 15180 buy back at 35 pips TP touching your suggested turning point.

Buy at 15180 sell at 15 pips TP touching my suggested profit point.

Both positions traded at 18.45 local time 11.45 GMT.

Target time was : 1 hour. However, I am still waiting for the turning point to be hit. Because the market is creating a bearish appearance to attrat sellers.
Market is not moving less towards 15180.

Now the Sell has travelled so many times giving opportunities for 5 pips profit 20 trades
Looks like the pice levels get quite active in the vicinity of Daily Open.

Just hit 1.45 at 20:07 and now I have to wait for travel in opposite side to make BUY go into profit. Or leave it for the evening to take chance.
Practice makes a person perfect
  • #2,343
  • May 6, 2021 5:40am May 6, 2021 5:40am
Quoting simnz
{quote} Based on your plot, today I have implemented a straddle trade, Buying and Selling at same position. Basically hedging the positions requiring no extra margin. Both trades done at 1.80 I selected this point because it is closer to your indicated turning point and below Daily Open of 15170 by 25 pips. Based on 15 pips above/ 35 pips below daily open of 15170 TP . Total envelope of 50 pips drawn on Daily Open. Sell at 15180 buy back at 35 pips TP touching your suggested turning point. Buy at 15180 sell at 15 pips TP touching my suggested profit...
Daily official open once was really important, I mean when there was only 1 official open.
Nowadays lost some of this importance cause these 24 hours charts and different sessions, make even difficult to understand when it starts and when it ends...

Anyway today DAX CASH INDEX stands exactly at same level of yd close, 170 = 180 for DAX FUTURE.

Then if I may, your time execution is around an hour in between Frankfurt open and NY open, but this is your choice and you have to be comfortable with your time zone too.

1 decade ago, DAX CASH INDEX and FDAX (cause FDXM were not born yet) 9CET was the official open and that was a a very good entry point: above only long, below only short.
I call upon my father's spirit , watching over me
  • #2,344
  • May 6, 2021 6:00am May 6, 2021 6:00am
OK, done my day and my week too:
mon +103,5
tue +742
yd +258,5
today +57
TOTAL: +1161 pips FDXM.

This week performance was an huge push towards my Quarter target, so I can relax a little bit until next monday.
Enjoy today's gains cause nothing's sure about tomorrow.........
Anyway Keep on rockin'!!!
Inserted Video
I call upon my father's spirit , watching over me
  • #2,345
  • May 6, 2021 6:32am May 6, 2021 6:32am
Quoting Brixen
{quote} Daily official open once was really important, I mean when there was only 1 official open. Nowadays lost some of this importance cause these 24 hours charts and different sessions, make even difficult to understand when it starts and when it ends... Anyway today DAX CASH INDEX stands exactly at same level of yd close, 170 = 180 for DAX FUTURE. Then if I may, your time execution is around an hour in between Frankfurt open and NY open, but this is your choice and you have to be comfortable with your time zone too. 1 decade ago, DAX CASH INDEX...
Dax cash index is the key.
After hitting my tp at 15145, it went down to hit 15122. I put a stop order at 15145 to buy to bring down the breakeven to 162.00. Anything beyond will be my profit.
I can ever get exit at 20 pips.
Now a dance will happen and hopeful I am able to hit 15180 or more.
Practice makes a person perfect
  • #2,346
  • May 6, 2021 8:38am May 6, 2021 8:38am
Quoting simnz
{quote} Dax cash index is the key. After hitting my tp at 15145, it went down to hit 15122. I put a stop order at 15145 to buy to bring down the breakeven to 162.00. Anything beyond will be my profit. I can ever get exit at 20 pips. Now a dance will happen and hopeful I am able to hit 15180 or more.
You asked for 180 and more, now you get it into official close.....199 for you right now!!
Have a good night!

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  • #2,347
  • May 6, 2021 8:43am May 6, 2021 8:43am
Quoting Brixen
{quote} You asked for 180 and more, now you get it into official close.....199 for you right now!! Have a good night! {image}
nice. ok i want DAX 20k, then build shorts for DAX 5k

approaching that line again. now i want to see if it has a reaction
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  • #2,348
  • May 6, 2021 8:45am May 6, 2021 8:45am
Quoting simnz
{quote} Dax cash index is the key. After hitting my tp at 15145, it went down to hit 15122. I put a stop order at 15145 to buy to bring down the breakeven to 162.00. Anything beyond will be my profit. I can ever get exit at 20 pips. Now a dance will happen and hopeful I am able to hit 15180 or more.
Sold both positions at 15200.
Practice makes a person perfect
  • #2,349
  • May 7, 2021 12:34am May 7, 2021 12:34am
It's clear that it will be a stellar data this afternoon, but what it really matters is the market reaction.........and market is never obvious!!!

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  • #2,350
  • May 7, 2021 12:36am May 7, 2021 12:36am
281 gap left open yd by DAX CASH INDEX = 290 for FDAX/FDXM/MICRO
I call upon my father's spirit , watching over me
  • #2,351
  • May 7, 2021 12:56am May 7, 2021 12:56am
Quoting Brixen
It's clear that it will be a stellar data this afternoon, but what it really matters is the market reaction.........and market is never obvious!!! {image}
also expecting some cringe moments again from this poor old, dementia ridden man.
  • #2,352
  • May 7, 2021 1:18am May 7, 2021 1:18am
Quoting karuner
{quote} also expecting some cringe moments again from this poor old, dementia ridden man.
I thought you were so harsh only on Frau Merkel......let him in peace.

I hope to reach 80 years old as him and to be active as him: look at his scheduled events, full everyday, not bad for an old man.
Maybe his sicilian origin wife, Jill Giacoppo is his secret for this intensive life!!!!

Sometime I think that if you were born in the 50s,60s you would have been part of Baader-Meinhof group.....

OK, I promise stop talk poitics here!!!
Have you bought gap covered min ago?
I call upon my father's spirit , watching over me
  • #2,353
  • May 7, 2021 4:04am May 7, 2021 4:04am
Today same price action, more or less, as last friday 16 April..........
I call upon my father's spirit , watching over me
  • #2,354
  • May 7, 2021 4:13am May 7, 2021 4:13am
Quoting Brixen
Today same price action, more or less, as last friday 16 April..........
and look at perfection on 1st post in current page........obviously I mean FIBONACCI levels, not me.
I call upon my father's spirit , watching over me
  • #2,355
  • May 7, 2021 5:19am May 7, 2021 5:19am
Quoting Brixen
{quote} I thought you were so harsh only on Frau Merkel......let him in peace. I hope to reach 80 years old as him and to be active as him: look at his scheduled events, full everyday, not bad for an old man. Maybe his sicilian origin wife, Jill Giacoppo is his secret for this intensive life!!!! Sometime I think that if you were born in the 50s,60s you would have been part of Baader-Meinhof group.....
i think trump was one of the best politicians in the us since decades, but this is a political philosophy discussion. ok no politics..

Quote
Have you bought gap covered min ago?
yes, around that level but rather because of price action that i saw.. i don't really know how to trade gaps.

getting some news now, maybe some trade waiting.....
  • #2,356
  • May 7, 2021 5:37am May 7, 2021 5:37am
Quoting Brixen
It's clear that it will be a stellar data this afternoon, but what it really matters is the market reaction.........and market is never obvious!!! {image}
Market is never obvious
Data is never obious
Everyting here is never obvious

BigBoys from NY even predicted more than 1 million jobs......anyway they are always happy, specially now that US FED will leave rates to zero for them!!!!Maybe!
EURUSD 1,2127 now......
I call upon my father's spirit , watching over me
  • #2,357
  • May 7, 2021 5:46am May 7, 2021 5:46am
Quoting karuner
{quote} i think trump was one of the best politicians in the us since decades, but this is a political philosophy discussion. ok no politics.. {quote} yes, around that level but rather because of price action that i saw.. i don't really know how to trade gaps. getting some news now, maybe some trade waiting.....
I call upon my father's spirit , watching over me
  • #2,358
  • May 7, 2021 12:33pm May 7, 2021 12:33pm
DAX CASH INDEX official (9-17:35CET) closed at 15399, 102 pts below ATH.
Yd gap was left open at 281...who knows when it will be covered. This week prices covered a gap left open since 29 March, so after 36 days!

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I call upon my father's spirit , watching over me
  • #2,359
  • May 7, 2021 9:36pm May 7, 2021 9:36pm
Quoting Brixen
DAX CASH INDEX official (9-17:35CET) closed at 15399, 102 pts below ATH. Yd gap was left open at 281...who knows when it will be covered. This week prices covered a gap left open since 29 March, so after 36 days! {image}
It will be very helpful for us if you can indicate the gap with a chart. No need for words.
Cash Index Open and close chart is quite helpful. You may please post those with an Unfulfilled Gap chart too always.
Thank you.
Practice makes a person perfect
  • #2,360
  • May 8, 2021 2:01pm May 8, 2021 2:01pm
Quoting simnz
{quote} It will be very helpful for us if you can indicate the gap with a chart. No need for words. Cash Index Open and close chart is quite helpful. You may please post those with an Unfulfilled Gap chart too always. Thank you.
It's not easy to have a chart of DAX CASH INDEX official, cause trading these days are only for 24 hours charts as all Brokers/Banks/Fiancial providers only do this way.

So I post here 1. DAILY chart DAX CASH INDEX official, thanks to your Wall Street Journal friends and 2. another one thanks to Stuttgart Boerse (D.Bank).
I manually added lines and values of 2 gaps left open last months. The outcome probably it's not sensational but this is the best I can do!
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