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Attachments: DAX Futures September 2021
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DAX Futures September 2021

  • #1,541
  • Jul 15, 2021 8:44am Jul 15, 2021 8:44am
that micro dax is not even moving
  • #1,542
  • Jul 15, 2021 9:01am Jul 15, 2021 9:01am
Done my day:+4+8,5+16+12+2+5,5+8+1+6+6=TOTAL +69 pips FDXM.
I always hold 1 DAX CFD 600,5 for tomorrow.

Thanks to all friends here for the good company.
Inserted Video
I call upon my father's spirit , watching over me
  • #1,543
  • Jul 15, 2021 9:51am Jul 15, 2021 9:51am
Quoting Brixen
{quote} Mag00 is one of the fabulous old guards here, historical member. You may agree or disagree with him, but he always suggests interesting scenarios.

all good,everyone has their own method
that pays respect
  • #1,544
  • Jul 15, 2021 10:36pm Jul 15, 2021 10:36pm
Quoting kette
{quote} all good,everyone has their own method that pays respect
I call upon my father's spirit , watching over me
  • #1,545
  • Jul 15, 2021 10:41pm Jul 15, 2021 10:41pm
Quoting karuner
that micro dax is not even moving
Look during real official hours, 9CET until 17:35CET.....MICRO is exploding as volumes, spread and so on these days.

Dutchy was right at the launch in mid April....it needs time but now things are much better than some weeks, some months ago, for sure.
I call upon my father's spirit , watching over me
  • #1,546
  • Jul 15, 2021 10:47pm Jul 15, 2021 10:47pm
YD I expected whole day 57..zone, even spikes down 55..zone, to aggressively buy, but they stopped downtrend 600,595.....
And then as PipMiner always says here, to buy after official close, it's always a good strategy after a decent day on down trend mode......

So now I have only 1 DAX CFD 600 from yd.
Anyway no complain, another lesson learned here for me.....everyday there's a lesson to learn here, the same at schoolwe are all pupils in trading!
I call upon my father's spirit , watching over me
  • #1,547
  • Jul 15, 2021 10:57pm Jul 15, 2021 10:57pm
Today is double witching day, MONTHLY expirations for Indices options and Stock options.
11:50-12CET for Eurostoxx50 (1/3rd are DAX30 shares), 13-13:10CET for DAX, 22CET for US.

Volatility will increase around those hours, probably.

DAX CASH INDEX solid support stands at 590 zone (yd lows) but today a break down could be dangerous, I mean it will be different from yd, leaving the door open for 500 and then 425 zone. So I must stay careful, specially on last day of the week, before the 1st rainy weekend since mid April......
690 zone could be a very good target if uptrend will resume. we'll see....
I call upon my father's spirit , watching over me
  • #1,548
  • Jul 15, 2021 11:05pm Jul 15, 2021 11:05pm
In the while US BIG BOYS accumulated cash on cash, they are full of money as ever......
what they can do, they gave them a $ print machine, they can borrow at zero rates from US FED, they are making huge profits since Q2 2020, they are working in heaven.....unfortunately is not the same for millions and millions people in the world.

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I call upon my father's spirit , watching over me
  • #1,549
  • Jul 15, 2021 11:33pm Jul 15, 2021 11:33pm
Quoting Brixen
In the while US BIG BOYS accumulated cash on cash, they are full of money as ever...... what they can do, they gave them a $ print machine, they can borrow at zero rates from US FED, they are making huge profits since Q2 2020, they are working in heaven.....unfortunately is not the same for millions and millions people in the world. {image}{image}
Helicopter money is for wealthy people.
Practice makes a person perfect
  • #1,550
  • Jul 15, 2021 11:46pm Jul 15, 2021 11:46pm
Quoting Brixen
Today is double witching day, MONTHLY expirations for Indices options and Stock options. 11:50-12CET for Eurostoxx50 (1/3rd are DAX30 shares), 13-13:10CET for DAX, 22CET for US. Volatility will increase around those hours, probably. DAX CASH INDEX solid support stands at 590 zone (yd lows) but today a break down could be dangerous, I mean it will be different from yd, leaving the door open for 500 and then 425 zone. So I must stay careful, specially on last day of the week, before the 1st rainy weekend since mid April...... 690 zone...
Thank you for sharing your experience about double wiching.

Have you traded Eurostoxx50 and can you please share your insights into how different it is from DAX 30?
Which one has more volume and more volatility?
Practice makes a person perfect
  • #1,551
  • Jul 15, 2021 11:49pm Jul 15, 2021 11:49pm
Quoting simnz
{quote} Helicopter money is for wealthy people.
that's right!
I call upon my father's spirit , watching over me
  • #1,552
  • Jul 15, 2021 11:57pm Jul 15, 2021 11:57pm
Quoting simnz
{quote}Thank you for sharing your experience about double wiching. Have you traded Eurostoxx50 and can you please share your insights into how different it is from DAX 30? Which one has more volume and more volatility?
1. I have not experience on double witching.
I only have to know that it happens today as the 3rd friday of each month and it could influence the price action these days.

2.FESX or EUROSTOXX50 Future is little brother of DAX. Once was less volatile then DAX , while nowadays it depends on some Latin Countries voaltility as Spain, France that could amplify his performance.
Margins are lower than DAX, nearly 50% lower for 1 contract vs FDXM, and they have also MICRO Future as DAX.
I started trading Eurex futures with FESX 15 years ago, more or less, and I can say it's almost the same today.
On boring strict day trade could become a pure nightmare, as remain trapped in 1, 2, max 3 ticks for hours.
I call upon my father's spirit , watching over me
  • #1,553
  • Jul 15, 2021 11:58pm Jul 15, 2021 11:58pm
on decent spikes up I will close my last DAX CFD 600...current 650.....
I call upon my father's spirit , watching over me
  • #1,554
  • Jul 16, 2021 12:01am Jul 16, 2021 12:01am
Quoting Brixen
on decent spikes up I will close my last DAX CFD 600...current 650.....
680 just closed
I call upon my father's spirit , watching over me
  • #1,555
  • Jul 16, 2021 12:03am Jul 16, 2021 12:03am
Quoting Brixen
{quote} 680 just closed
+79,5 p DAX CFD=+16 pips FDXM.

FLAT

Last hours of sun here, before clouds and rain come here.

I'll back after the sea at 12/13CET.
I call upon my father's spirit , watching over me
  • #1,556
  • Jul 16, 2021 12:34am Jul 16, 2021 12:34am
Quoting Brixen
{quote} On boring strict day trade could become a pure nightmare, as remain trapped in 1, 2, max 3 ticks for hours.
hehe yes truly a nightmare. same with DAX sometimes two days ago or so .. but at least dax you can then scalp for 1-3 points easily
  • #1,557
  • Jul 16, 2021 2:49am Jul 16, 2021 2:49am
Quoting Brixen
{quote} 1. I have not experience on double witching. I only have to know that it happens today as the 3rd Friday of each month and it could influence the price action these days. 2.FESX or EUROSTOXX50 Future is little brother of DAX. Once was less volatile then DAX , while nowadays it depends on some Latin Countries voaltility as Spain, France that could amplify his performance. Margins are lower than DAX, nearly 50% lower for 1 contract vs FDXM, and they have also MICRO Future as DAX. I started trading Eurex futures with FESX 15 years ago, more...
I find DAX 30 having the potential to deliver 400% profit range for me and I am looking forward to meeting this target.
Dax with a minimum 150% of daily range in 2.5 turns generates daily 2.5 times of average 1. 1% daily range or 2.75% for 240 trading days (excluding weeks ends and public holidays) 660 days. My target is ambitious but there is no fun if a 36 year experienced trader is not aware of his strengths and weakness.
My strength: My belief in destiny. My hedging and averaging skills were acquired by practice. My view of the auction market as a of any goods auction market not requiring any pre-analysis work except thinking of tactics only after entering the auction market. Sufficiently capitalised.
My Weakness: My limitations as to the use of a desktop computers because of spine arthritis.
Practice makes a person perfect
  • #1,558
  • Jul 16, 2021 3:25am Jul 16, 2021 3:25am
Just bought 1 MICRO 589 + 1 DAX CFD 603
I call upon my father's spirit , watching over me
  • #1,559
  • Jul 16, 2021 3:32am Jul 16, 2021 3:32am
Quoting Brixen
Just bought 1 MICRO 589 + 1 DAX CFD 603
I will close MICRO if I have a decent gain, and go on DAX CFD, many additionals 59..until 55.zone, but this time could be different from yd...I'm aware
I call upon my father's spirit , watching over me
  • #1,560
  • Jul 16, 2021 3:44am Jul 16, 2021 3:44am
Quoting Brixen
{quote} I will close MICRO if I have a decent gain, and go on DAX CFD, many additionals 59..until 55.zone, but this time could be different from yd...I'm aware
616 now closed MICRO 589 for +27 p MICRO=+5,5 pips FDXM

I hold 1 DAX CFD 603 with some additionals as indicated..

I'll back in an hour...my daughter and wife waiting for me.
I call upon my father's spirit , watching over me
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