DAX Futures September 2021

539 and 538 now reduced from 13 to 7 my positions 539

548,549 closed 2 DAX CFD 539

532 added 1 position now

528 added again1 dax cfd now

-3 p DAX CFD in total=-0,5 pip FDXM

+19 p DAX CFD in total=+4 pips FDXM

I have now 7 DAX CFD 536,5

I need a break for a while, alerts at 51..zone and 55..zone.
+445 pips FDXM gained so far today.

THese are the days for trading, worth as much 1 whole month in strict range!!!!

DAX CASH INDEX official june close (531) almost the same of 1st june open. (513).......

552 right now : reduced from 7 to 3 my DAX CFD 536,5.

+15,5 p x 4 DAX CFD=+62 p DAX CD=+12,5 pips FDXM

This is a very simple visual test on M15 FDXM chart, about KEY LEVEL indicated on my journal: 1 KEY LEVEL for the European morning and 1 for the afternoon.

Candles are coloured blue when the close is above the KEY LEVEL , while they are coloured red when candle close is below the KEY LEVEL.

Not bad results, excluded some sharp change direction on 9CET candle on some day, that needs particular attention that time,.
So probably better don't wait candle close only for 9CET candle, but follow the price in continuos taking into account the KEY LEVEL.

I have only 3 DAX CFD 536,5 and probably I will hold for tomorrow.

Typically after a weak close on month end, the day after there's a decent recovery, but with wild horse ...you'll never know

US Indices always aroun their highs....despite usual news came out last hours......

I'll back later to check US close and to check my small positions in place.

that's interesting, from Stuttgart Boerse.
Retailer sentiment was on long side, even with very high % since 8CET until 11:30CET this morning, then they close gradually all the longs they bought......
More or less, what I've done today.......I am a perfect retailer trader!!!!

Now I can smile, but I've seen the flames of the hell this morning.....



and luckily I'm alive for another time......

tomorrow and then friday, then US will stop for 3 days for a longer weekend, until tuesday 6 July.

OK, done my day, an incredible day trade:+8+10,5+29,5+37,5+6+185-224+88-144+28-60-37+196+26+31-16+13,5+63,5+60+69+67+4,5-0,5+4+12,5=
TOTAL +457,5 pips FDXM.

I hold 3 DAX CFD 536,5 for tomorrow.

and tomorrow is always another story here......

Market maker's main strategy is to bring margin deposits under pressure and gain money from transactions rather than loading up.
Both option sellers and retail traders are put under extreme pressure when expectations go up quite high short covering happens.

If you are a retailer trading with Euro 60,000 as a margin, you can always hedge immediately or lock the balance to 0 or by a few Euros as a spread between FDAX (tick value Euro 25). and FDXM by trading in the opposite direction 5 FDXM (tick value Euro 5) for each FDAX.

I have once locked my positions for 2 weeks while using the lockdown period to trade futures options without putting in big margins for selling options. Buying of options is outright and does not need margin. It is straight away a debit or credit operation. Options during volatility do give excellent and fast returns.
These days I sold deep in the money calls at a strike price of 15,300 and buying futures at 15, 650 ( to cover the call) and hoping to keep 60% of the premium earned by liquidating all trades today if 15,800 is hit. At this point, I will also keep 80% of Puts sold at a strike of 16,000. I had bought put options (without thinking too much as an eventuality). It is pure luck that I could encash during this sudden plunge with a 30% gain in a day because I had entered TP. I was not watching any screen at that time. It happened suddenly.

Thanks to Eurex providing a wonderful tool for achieving capital efficiency - Margin Class - which clubs together Dax futures of FDAX and FDXM and futures options in one basket for margin purposes This essentially means profit and loss of futures and options will be used to offset each other positions for daily calculation of the margin in real-time This facility can only be used by a trader that has at least Euro 60,000 capital because hedging mainly involves FDAX and FDXM.

Those with small margin deposits should trade with small portions, no matter what, and not surrender to greed.
My answer to the greed is the progression of the trades when I feel momentum will help me carry at least 5 trades in a row.
The progression size for me is 8 pips with the next trade to start at 12 PIPS. So the range of 5 trades will be 60 pips but the profit will be 40 pips.



My choice of increasing trades is this route rather than increasing portions of trading size. In the past, when I did not have money enough to lock my account I have been burned a lot of times for putting all eggs at one time in a basket out of greed and it has sometimes taken me 18 months to recover from the setback and loss.

As for daily trading entry, I study 12 days of High Low Open close, then decide on a lottery basis - will bulls be strong today or not for the first 80 pips from the daily open Asian session.

If my target of 50 pips is done by the Asian session. I am happy.

If the target is not met, then I consider your excellent signals and take my chances.

My strong belief in God and destination holds me together no matter what, I am not disturbed.

Brixen, when you have time during the weekend, please throw light on the methodology you adopt for fixing targets for three different timings.