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DAX Futures September 2021

  • #1,401
  • Jul 13, 2021 2:16am Jul 13, 2021 2:16am
they are only preparing the ground for late morning/afternoon potential fireworks....

so now they are leaving the door open for a double top or a consolidation around last weeks highs, imho.....we'll see

to stay light positions and ready to change strategy depending on price action, is crucial to survive here.
I call upon my father's spirit , watching over me
  • #1,402
  • Jul 13, 2021 2:28am Jul 13, 2021 2:28am
Quoting Brixen
they are only preparing the ground for late morning/afternoon potential fireworks.... so now they are leaving the door open for a double top or a consolidation around last weeks highs, imho.....we'll see to stay light positions and ready to change strategy depending on price action, is crucial to survive here.


GM - agreed, be ready to trade both ways is vital IMO.

Only 20 pts range in Frankies Hour did not bode well for an active session. However the initial poke up after XO into a cluster of levels did suggest a sell when it failed to break above.

The drop to the 382 of YD's range which was close to today's Daily Pivot 50 pts lower then held and gave an area for a buy - now in mid range so take some profit especially as the volumes have already dropped, so the SM is not playing....
Trading Levels with WRBs
  • #1,403
  • Jul 13, 2021 2:30am Jul 13, 2021 2:30am
Dax (h1) + Vix & €Y


Hello Brixen,
imho
everything confirms the uptrend,
waiting for the contrary signal
(crossing with its own average of the indicator)
in the usavix chart...

P.S.
€ on Y =
long dax
Attached Image (click to enlarge)
Click to Enlarge Name: h1.png Size: 149 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #1,404
  • Jul 13, 2021 2:39am Jul 13, 2021 2:39am
Quoting Islander
{quote}[/b] GM - agreed, be ready to trade both ways is vital IMO. Only 20 pts range in Frankies Hour did not bode well for an active session. However the initial poke up after XO into a cluster of levels did suggest a sell when it failed to break above. The drop to the 382 of YD's range which was close to today's Daily Pivot 50 pts lower then held and gave an area for a buy - now in mid range so take some profit especially as the volumes have already dropped, so the SM is not playing....
probably I should take some hours off until 13CET........we can't have same wild volatility every morning, every day......
I call upon my father's spirit , watching over me
  • #1,405
  • Jul 13, 2021 2:41am Jul 13, 2021 2:41am
Quoting mag00
Dax (h1) + Vix & €Y Hello Brixen, imho everything confirms the uptrend, waiting for the contrary signal (crossing with its own average of the indicator) in the usavix chart... P.S. € on Y = long dax {image}
Ciao Mag, question is when and how far they will go before a new reversal will start.
So you're right, but timing and prices are always a ?????????????
I call upon my father's spirit , watching over me
  • #1,406
  • Jul 13, 2021 2:43am Jul 13, 2021 2:43am
Quoting Brixen
{quote} 732 TRIGGERED NOW
I will hold my MICRO bought at 732.

waiting to add something 69../71..zone, if they will retouch today's low or a break up /retest 780/790 KEY LEVEL.
I call upon my father's spirit , watching over me
  • #1,407
  • Jul 13, 2021 2:49am Jul 13, 2021 2:49am
Quoting mag00
Dax (h1) + Vix & €Y Hello Brixen, imho everything confirms the uptrend, waiting for the contrary signal (crossing with its own average of the indicator) in the usavix chart... P.S. € on Y = long dax {image}
Hey Mag00, please could you explain EURJPY effect on DAX? thanks in advance
I call upon my father's spirit , watching over me
  • #1,408
  • Jul 13, 2021 2:50am Jul 13, 2021 2:50am
Quoting Brixen
{quote} Ciao Mag, question is when and how far they will go before a new reversal will start. So you're right, but timing and prices are always a ?????????????
the vix
would identify
supports and resistances
at the time indicated
for the Dax

P.S.
the timing would also be confirmed
by the crossing of the blue line (€ uro) with
the brown one (Yen)
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #1,409
  • Jul 13, 2021 2:54am Jul 13, 2021 2:54am
Quoting Brixen
{quote} Hey Mag00, please could you explain EURJPY effect on DAX? thanks in advance
there is a correlation
that varies over time
between the cross €Y and
the index Dax ...
(I work in h1)


P.S.
it is sufficient to observe
the intersection
to identify
the turning points
Attached File(s)
File Type: ex4 LHDT_PRIMO.ex4   4 KB | 343 downloads
File Type: mq4 PR.mq4   7 KB | 361 downloads
File Type: mq4 CurrencySlopeStrength.mq4   28 KB | 364 downloads
File Type: tpl EY.tpl   13 KB | 358 downloads
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #1,410
  • Jul 13, 2021 3:02am Jul 13, 2021 3:02am
Quoting mag00
{quote} there is a correlation that varies over time between the cross €Y and the index Dax ... (I work in h1) P.S. it is sufficient to observe the intersection to identify the turning points
Interesting, I will have a look on my spare time. thanks again.
I call upon my father's spirit , watching over me
  • #1,411
  • Jul 13, 2021 3:03am Jul 13, 2021 3:03am
Quoting Brixen
{quote} I will hold my MICRO bought at 732. waiting to add something 69../71..zone, if they will retouch today's low or a break up /retest 780/790 KEY LEVEL.
I'll back after midday.

alerts at 690/710 and 790/810
I call upon my father's spirit , watching over me
  • #1,412
  • Jul 13, 2021 4:01am Jul 13, 2021 4:01am
Attached Image (click to enlarge)
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Practice makes a person perfect
  • #1,413
  • Jul 13, 2021 4:19am Jul 13, 2021 4:19am
Quoting mag00
{quote} there is a correlation that varies over time between the cross €Y and the index Dax ... (I work in h1) P.S. it is sufficient to observe the intersection to identify the turning points {file} {file} {file} {file}
Correlation
is my side trade in forex
Comparing the DAX with a benchmark is new for me
Attached Image (click to enlarge)
Click to Enlarge Name: dax erf.png Size: 47 KB
  • #1,414
  • Jul 13, 2021 5:09am Jul 13, 2021 5:09am
Quoting kette
{quote} Correlation is my side trade in forex Comparing the DAX with a benchmark is new for me {image}
me too!
and then I left FX pairs trading long long time ago!
but I will check this one.....
I call upon my father's spirit , watching over me
  • #1,415
  • Jul 13, 2021 5:11am Jul 13, 2021 5:11am
Quoting simnz
{image}
15800 is current ATH, while 15500 is mid point between 2 BIG FIBO stations (570/425).....it make sense also on this perspective...we'll see
I call upon my father's spirit , watching over me
  • #1,416
  • Jul 13, 2021 5:25am Jul 13, 2021 5:25am
Quoting kette
{quote} Correlation is my side trade in forex Comparing the DAX with a benchmark is new for me {image}
my strategy ...

the crossing has occurred (€ Y):
now I await the crossing in the vix chart of the indicator with its average
(the hour)
to operate in the dax,
drawing the hypothetical resistance
at the closing price
Attached Image (click to enlarge)
Click to Enlarge Name: h1.png Size: 141 KB
... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #1,417
  • Jul 13, 2021 5:33am Jul 13, 2021 5:33am
too much compression in place........I must be careful for potential explosion!!anytime! that's why I have only 1 small position in place.

anyway this is a typical wait and see approach before big events......
I call upon my father's spirit , watching over me
  • #1,418
  • Jul 13, 2021 5:55am Jul 13, 2021 5:55am
Quoting Brixen
NEW YORK BigBoys after midday will set the tone of today price action, but we are at the high floors of the skyscraper with many Indices at their ATH. Very difficult to trade this scenario for me. {image}{image}
JPMORGAN just went out and well above expectations, but US FUTURES unimpressed, so far, as probably prices already hit high evaluations...
Attached Image (click to enlarge)
Click to Enlarge Name: jpm1.PNG Size: 508 KB
I call upon my father's spirit , watching over me
  • #1,419
  • Jul 13, 2021 6:17am Jul 13, 2021 6:17am
Quoting Brixen
{quote} I will hold my MICRO bought at 732. waiting to add something 69../71..zone, if they will retouch today's low or a break up /retest 780/790 KEY LEVEL.
Target 832 (+100) and stop at breakeven 732, current 782.

Today it's not a day for many trades, at least so far.
I hope 2nd trade of my day, will be good as 1st one.
I call upon my father's spirit , watching over me
  • #1,420
  • Edited 6:49am Jul 13, 2021 6:18am | Edited 6:49am
Quoting kette
{quote} Correlation is my side trade in forex Comparing the DAX with a benchmark is new for me {image}
Diversifications have helped me keep drawdown to less than 5%.
I trade DAX30 and HK index HSI during the morning hours.
Both have a bilateral correlation between +25% and -50% when China takes drastic action.
Luckily, there are around 4 CFD brokers who use actual live futures data and don't manufacture their own index like all other brokers/liquidity providers/market makers do. Australian brokers go wild with their spreads.
99% of brokers are market makers. Their spreads will be wild during trading hours breaks.

CFD brokers using futures prices transparently make money by adding 3 pips to the futures prices. Two way spreads will cost 6 pips. If you make not less than 30 pips each time, then the broker spreads will not hurt you. 6 pips on 30 pips mean 20% cost but imagine the kind of leverage advantage you get up to 400%. Never trade with any broker who has less than 15 years of history.

If you are paying up to 25% of the cost to get a leverage of 400% and a facility of hedging in same index then it is worth it. Only experienced traders like Brixen can take advantage of leverage and hedging.

Hedging is a wonderful thing. If you feel lost, or want to go out, or want to watch a match, just lock up the position by trading in opposite direction.
Hedging is the single most peace-giving mechanism but traders don't use these because they don't have rules to follow: Follow Fibo or any method of demand and supply, you will always make money with no psychological pain. Just use Any one of : Fibo or a Zone or SD indicator. Dax is not wild west riding like forex pairs.
The ride is smooth if you don't get married to any view (including yours). Just follow the indicator faithfully. Wait for the indicator to guide you. Don't force yourself or your wishful thinking on the indicator. Just one indicator. Remember this.

It is only for traders whose fingers are not itching to go. I always work with pending trades so I am in a good position to hedge. I never leave any single trade overnight and hoping for a gap to favor me. I will just lock up the trade by trading in opposite and decide the next day how to go about it.

The advantage with DAX is I get to trade 3 markets of the same instrument during Asian and Europen and USA start hours.
(a) Pre-Cash market Futures: I trade
(b) Futures options same time as Cash market: I trade futures options only during the last week of Monthly expiration for buying.
(c) Cash market: I trade
(d) Data releases: I trade
(e) US open hours for one hour : I trade
(f) Post cash/options hours: I sleep
Attached Image (click to enlarge)
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Practice makes a person perfect
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