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DAX Futures December 2021

  • #161
  • Sep 16, 2021 8:16am Sep 16, 2021 8:16am
Quoting emmzett
In the SPOOs (ES) an explosive situation is slowly building up. Some serious move is going to happen soon there...
Tomorrow glorious US SP500 FUTURE will end definitvely, after 39 years!! Maybe is this the event, maybe not...
Only MINI and MICRO allowed.

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I call upon my father's spirit , watching over me
  • #162
  • Sep 16, 2021 8:41am Sep 16, 2021 8:41am
Done my day, cause I'm fallin asleep in this frozen market scenario.......into this very hot late summer afternoon!
+27+9+3+=TOTAL +39 pips FDXM.
I call upon my father's spirit , watching over me
  • #163
  • Sep 16, 2021 9:52am Sep 16, 2021 9:52am
Quoting Brixen
621 just bought now 1 FDXS DECEMBER
Brixen, I'm a bit confused;

In my charts, the minimum price level of today's session is 634 for the DAX index.

If you bought at 621, I guess the Dec 21 future traded at that level. When you post charts, are you posting the index or the future's chart? I guess the movement is very similar, but the price levels might be different. Can you comment a bit on this?

Can we trade the index? or you recommend trading the future's contract?
  • #164
  • Sep 16, 2021 9:55am Sep 16, 2021 9:55am
Spoos are falling like a stone. Looks like a retest of yesterday's lows, with it's implications for the horse.
It takes blood, sweat and enough tears to wash away the blood.
  • #165
  • Sep 16, 2021 9:57am Sep 16, 2021 9:57am
Quoting emmzett
{quote} I would recommend reading through at least a few weeks of Brixen's journals. Despite him using a different trading style his experiences and market assessments while riding the horse are of utmost value for everyone here. You should watch behavior and price action for some time first. Only with time you will recognize the hours to trade and the ones to avoid. Using his analogy the horse has a run and afterwards it needs a rest. This repeats over and over again. Then we have a very special situation this week. It's expiration time and enough...
With respect, there's no such thing as a non repainting zigzag. By it's very nature it has to.

And your charts shows exactly the points the zigzag touched until it finally found a halt.
  • #166
  • Sep 16, 2021 10:09am Sep 16, 2021 10:09am
Quoting handy148
{quote} With respect, there's no such thing as a non repainting zigzag. By it's very nature it has to. And your charts shows exactly the points the zigzag touched until it finally found a halt.
With the same respect, you are wrong. ZigZag is defined by reversal points (aka semaphores), not by it's legs. A repainting leg is the very nature of ZigZag like a Moving Average repaints during the same bar. The definition of a cycle or period is just different for both of them.

What Metaquotes offers to us as ZigZag is crap because it repaints the reversal points (changes past semaphores). A non-repainting ZigZag will not. Imho it's the single most underrated tool in retail trading. Not so in prop firms. There they use ZigZag all over the place, of course in the correct way. Anyway, this is off-topic.
It takes blood, sweat and enough tears to wash away the blood.
  • #167
  • Sep 16, 2021 10:12am Sep 16, 2021 10:12am
Quoting averied
{quote} Brixen, I'm a bit confused; In my charts, the minimum price level of today's session is 634 for the DAX index. If you bought at 621, I guess the Dec 21 future traded at that level. When you post charts, are you posting the index or the future's chart? I guess the movement is very similar, but the price levels might be different. Can you comment a bit on this? Can we trade the index? or you recommend trading the future's contract?
That's why I hate rollover futures, a lot of different prices for various instruments trading the DAX.
Luckily tomorrow this chaos will end!!!

OK, let's clear the situation, 7:50CET prices were these below:

DAX CASH INDEX (pre market) :15640
DAX MINI FUTURE SEPTEMBER: 15641 (FDXM SEPTEMBER)
DAX MICRO FUTURE DECEMBER:15621 (FDXS DECEMBER)

As my order FDXS DECEMBER was filled I wrote my post, as usual I do.
Currently, as you can see every moment, all DAX FUTURES SEPTEMBER are in line with DAX CASH INDEX price, while DAX FUTURES DECEMBER are roughly 20 pts lower (probably becasue they not take into accoutn dividends).

I hope I replied in clear way to your question.
I call upon my father's spirit , watching over me
  • #168
  • Sep 16, 2021 10:18am Sep 16, 2021 10:18am
Quoting Brixen
{quote} That's why I hate rollover futures, a lot of different prices for various instruments trading the DAX. Luckily tomorrow this chaos will end!!! OK, let's clear the situation, 7:50CET prices were these below: DAX CASH INDEX (pre market) :15640 DAX MINI FUTURE SEPTEMBER: 15641 (FDXM SEPTEMBER) DAX MICRO FUTURE DECEMBER:15621 (FDXS DECEMBER) As my order FDXS DECEMBER was filled I wrote my post, as usual I do. Currently, as you can see every moment, all DAX FUTURES SEPTEMBER are in line with DAX CASH INDEX price,...
This is live right now, just for you. to be more clear, FDXM DECEMBER and SEPTEMBER same time.
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I call upon my father's spirit , watching over me
  • #169
  • Sep 16, 2021 10:35am Sep 16, 2021 10:35am
Quoting averied
{quote} Brixen, I'm a bit confused; In my charts, the minimum price level of today's session is 634 for the DAX index. If you bought at 621, I guess the Dec 21 future traded at that level. When you post charts, are you posting the index or the future's chart? I guess the movement is very similar, but the price levels might be different. Can you comment a bit on this? Can we trade the index? or you recommend trading the future's contract?
you can trade both, but it's less dangerous to stick to CFDs as a beginner (instead of futures contract). there are CFDs on dax index as well as on dax futures market. but that makes no difference except as regards the price levels (difference between DAX index and DAX futures): there is a rather strict mathematical relationship between the DAX-index futures and the DAX-index itself. futures is cheaper but on friday (end of current contract) the prices will be identical. there is a standard model to calculate this..
  • #170
  • Sep 16, 2021 11:17am Sep 16, 2021 11:17am
Quoting Brixen
{quote} eehh! old usual tricks, catch some stops, scare weak hands, expecting the worst...and then they shoot up anyway these days are not for us, they are doing their job, they dont care of anything for now, every data is an excuse is good to move prices wherever they want. after rollover is closed, REAL GAMES will start, so save your bullets cause new fireworks will start nexr week,
well, you are right, should save the bullets. but i was in gambling mode today unfortunately. now in hindsight there were just many good opportunities to buy dips/pullbacks for 10, 20, 30 points. and that's where i usually take the money and run.
funny how i'm sitting with 2 CFDs @700 again, just like yesterday
  • #171
  • Sep 16, 2021 11:34am Sep 16, 2021 11:34am
Quoting karuner
{quote} well, you are right, should save the bullets. but i was in gambling mode today unfortunately. now in hindsight there were just many good opportunities to buy dips/pullbacks for 10, 20, 30 points. and that's where i usually take the money and run. funny how i'm sitting with 2 CFDs @700 again, just like yesterday
and as yd same hour. prices recovered up to 685 right now,. 700 in sight, with a litlle help from US
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I call upon my father's spirit , watching over me
  • #172
  • Sep 16, 2021 11:35am Sep 16, 2021 11:35am
done.
relatively ok. had few winners and those were strong notional. good day.

but, battled some xagusd- so lots of nervous gone by defending the longz on that animal. perfect day to position myself on silver well, i did survive another day
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  • #173
  • Sep 16, 2021 11:38am Sep 16, 2021 11:38am
Quoting Brixen
{quote} with a litlle help from US
i'm confident only when i'm flat.. to often our us friends have unleashed their market apocalypse rather late in the day...
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  • #174
  • Sep 16, 2021 11:44am Sep 16, 2021 11:44am
Quoting 21vs7
done. relatively ok. had few winners and those were strong notional. good day. but, battled some xagusd- so lots of nervous gone by defending the longz on that animal. perfect day to position myself on silver well, i did survive another day {image}
I call upon my father's spirit , watching over me
  • #175
  • Sep 16, 2021 11:48am Sep 16, 2021 11:48am
Quoting karuner
{quote} i'm confident only when i'm flat.. to often our us friends have unleashed their market apocalypse rather late in the day... https://youtu.be/8XJYnKhI_x0?t=77
More than 50% of Bank/Brokers are aumatically closing all positions in place for every kind of SEPTEMBER futures, at this time of the day, I mean the day before official expiration,
I guess only Big Institutionals and Funds will follow the exactly tomorrow deadline.
So some adjustments is going on obviously.
Anyway 694 right now.
I call upon my father's spirit , watching over me
  • #176
  • Sep 16, 2021 11:55am Sep 16, 2021 11:55am
Quoting Brixen
{quote} More than 50% of Bank/Brokers are aumatically closing all positions in place for every kind of SEPTEMBER futures, at this time of the day, I mean the day before official expiration, I guess only Big Institutionals and Funds will follow the exactly tomorrow deadline. So some adjustments is going on obviously. Anyway 694 right now.
hm, i don't really fear those expiration days/rollovers, because the bigger players want to do this as price neutral as possible. some weird movements on friday, but nothing wild (those movements can be understood and even be exploited if one understands what the options/futures speculators are doing).
after all, the spread between september and december contract should not be too elastic. i think there are speculators specializing on arbitrage, who keep this in order.
  • #177
  • Sep 16, 2021 11:59am Sep 16, 2021 11:59am
Quoting karuner
{quote} hm, i don't really fear those expiration days/rollovers, because the bigger players want to do this as price neutral as possible. some weird movements on friday, but nothing wild (those movements can be understood and even be exploited if one understands what the options/futures speculators are doing). after all, the spread between september and december contract should not be too elastic. i think there are speculators specializing on arbitrage, who keep this in order.
I meant that these hours some adjustemts is going on, small adjustments, as big move was made last week. imho.
Remember last wed- Sept 8. at the opem when they went down from 850 to 590 zone in less than an hour?
I call upon my father's spirit , watching over me
  • #178
  • Sep 16, 2021 12:09pm Sep 16, 2021 12:09pm
Quoting Brixen
{quote} I meant that these hours some adjustemts is going on, small adjustments, as big move was made last week. imho. Remember last wed- Sept 8. at the opem when they went down from 850 to 590 zone in less than an hour?
yes, i remember well. it's good to keep these things in mind.
you are right, better be careful. after all, i don't know who is doing what here. all i see is a chart. anything can happen any time.
  • #179
  • Sep 16, 2021 12:32pm Sep 16, 2021 12:32pm
Paolo MALDINI here below yd at Anfield joking with Liverpool manager Klopp.

Now he's technical Director at AC MILAN, after he played always same team for 25 years in a row.
As player he won 5 Champions League, 5 UEFA SuperCup, 3 World Cup Team.

I guess it ìs almost impossible nowadays to have a player for so many years in same team....
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I call upon my father's spirit , watching over me
  • #180
  • Sep 16, 2021 12:41pm Sep 16, 2021 12:41pm
Quoting Brixen
Paolo MALDINI here below yd at Anfield joking with Liverpool manager Klopp. Now he's technical Director at AC MILAN, after he played always same team for 25 years in a row. As player he won 5 Champions League, 5 UEFA SuperCup, 3 World Cup Team. I guess it ìs almost impossible nowadays to have a player for so many years in same team.... https://www.youtube.com/watch?v=uS9mR_s7srE
ya, and Baresi, Costacurta...those were defenders in AC Milan. So many titles?! Nice
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