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DAX Futures December 2021

  • #2,161
  • Nov 4, 2021 1:52pm Nov 4, 2021 1:52pm
Quoting Brixen
{quote} You know, I know, we all know that we cant have always high or decent volatility, wide ranges everyday on same instrument. This is 1 of few cons I have trading only the DAX. Nevertheless there are many PROS......, at least imho.
Hi Brixen, I completely agree with you - I only trade the DAX now and as you say, we can't expect maximum volatility every day. I dumped the "many instruments" approach some time ago to focus and it was the right thing to do. I'm not quite as proficient as you are squeezing the pips out, but I get by!
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,162
  • Nov 5, 2021 2:15am Nov 5, 2021 2:15am
DAX CASH INDEX official left 2 gaps open last days/last week: 15973 and 15690.
Who knows if and when they will be closed.

Prices are compressed in strict range since wednesday. Typically wild horse will ride in furious way after a couple days of narrow range, but this slow, lazy price action could last for more, specially if they want freeze the market for a new sudden move when nobody expect it.........
Then consolidation around previous ATH hit on mid August it's normal, specially after nearly 600 pts rally since last friday's low.

Today US NFP at 14:30CET will bring new fuel.

I hold my FDXS 993 bought yd and I will add below and well below my entry price, but I'm aware that below 950/930 zone the wind could change.........
I call upon my father's spirit , watching over me
  • #2,163
  • Nov 5, 2021 2:24am Nov 5, 2021 2:24am
Quoting Davidh061
{quote} Hi Brixen, I completely agree with you - I only trade the DAX now and as you say, we can't expect maximum volatility every day. I dumped the "many instruments" approach some time ago to focus and it was the right thing to do. I'm not quite as proficient as you are squeezing the pips out, but I get by!
A reliable way of trading needs a multiple choice of instruments that you could trade during the day, imho.
So in this way you can accept some tool sleeping one day while some other marching on. But you have to follow many instruments at same time and frankly I'm not able to do so, specially with my personal life, family, kids, things to do, duties, and so on....

So I understand your point, in the end it's a personal choice, and every choice has pros and cons, obviously!
I call upon my father's spirit , watching over me
  • #2,164
  • Nov 5, 2021 2:30am Nov 5, 2021 2:30am
988 added now
I call upon my father's spirit , watching over me
  • #2,165
  • Nov 5, 2021 2:39am Nov 5, 2021 2:39am
Quoting Brixen
988 added now
983 filled now
I call upon my father's spirit , watching over me
  • #2,166
  • Nov 5, 2021 2:43am Nov 5, 2021 2:43am
Quoting Brixen
{quote} 983 filled now
I hold now 3 FDXS 988.
I call upon my father's spirit , watching over me
  • #2,167
  • Edited 3:53am Nov 5, 2021 2:53am | Edited 3:53am
Quoting Brixen
{quote} A reliable way of trading needs a multiple choice of instruments that you could trade during the day, imho. So in this way you can accept some tool sleeping one day while some other marching on. But you have to follow many instruments at same time and frankly I'm not able to do so, specially with my personal life, family, kids, things to do, duties, and so on.... So I understand your point, in the end it's a personal choice, and every choice has pros and cons, obviously!
I have gone through such situations: from specialisation in just one symbol to have multiple symbols.
I found it difficult to handle both situations. One symbol specialisation deprived me of using idle times.
So I chose two symbols for futures (2)
same two symbols for futures options (for selling and buying separately so 2 symbols x 2 types of future options) = 4.
The added bonus was that if I buy futures and sell call futures options, I don't have to invest more margin subject to certain conditions.
Similarly, if I have sold futures, I don't have to invest more if I want to sell futures options.
Two symbols for forex (EU, GU) to trade 1 symbol: EG (no options only spot trading 1)
Now my basket has 5 assets but 3 symbols for analysis.
It is working fine.
It took me more than 20 years to get aware that my mind is not able to handle more than 3 symbols.
As you say it is personal choice.
Actually, trading itself is a personal sport. You have to use your own mind to do. Can't depend on signals, tips, forecasts, chart studies etc. etc.
No matter of study, tips or guidance can assist you beyond helping you improve by 20%.
80% of the time you are on your own.
For that you have to enjoy playing the sport as long as you are being rewarded by forces you can't see and can't control.
It is simply a one-sided game no matter howsoever smart you may think you are.
Good luck to you, me and all.
May God bless us all.
Practice makes a person perfect
  • #2,168
  • Nov 5, 2021 3:00am Nov 5, 2021 3:00am
Quoting Brixen
{quote} I hold now 3 FDXS 988.
009 closed 1 position now
I call upon my father's spirit , watching over me
  • #2,169
  • Nov 5, 2021 3:01am Nov 5, 2021 3:01am
Quoting Brixen
{quote} 009 closed 1 position now
+21 p FDXS =+4 pips FDXM
I have only 2 FDXS 988.
Always additionals waiting below and well below entry price until 930 zone
I call upon my father's spirit , watching over me
  • #2,170
  • Nov 5, 2021 3:06am Nov 5, 2021 3:06am
Quoting Brixen
{quote} +21 p FDXS =+4 pips FDXM I have only 2 FDXS 988. Always additionals waiting below and well below entry price until 930 zone
16019 closed another one right now
I call upon my father's spirit , watching over me
  • #2,171
  • Nov 5, 2021 3:08am Nov 5, 2021 3:08am
Quoting Brixen
{quote} 16019 closed another one right now
+31 p FDXS=+6 pips FDXM

I have only 1 FDXS 988. No target for now, I'll wait US JOBS data,
Always additionals waiting 97..93..zone.
If prices are not able to close last wed gap, no way......prices will go up and up again.

But it's only the beginning of the day.......everything may happens.
I call upon my father's spirit , watching over me
  • #2,172
  • Nov 5, 2021 3:09am Nov 5, 2021 3:09am
Quoting simnz
{quote} I have gone through such situations: from specialisation in just one symbol to have multiple symbols. I found it difficult to handle both situations. One symbol specialisation deprived me of using idle times. So I chose two symbols for futures (2) same two symbols for futures options (for selling and buying separately so 2 symbols x 2 types of future options) = 4. The added bonus was that if I buy futures and sell call futures options, I don't have to invest more margin subject to certain conditions. Similarly, if I have sold futures, I...
Hi Simnz, I think that is a very good summary of the challenges that we face!I've been thinking this morning about how to tweak my approach and tools when the market is compressed on a single instrument rather than just watch it slip by - an athelete trains and tweaks their style to get the best performance, not that I'm suggesting that I'm an athelete!
Everything should be made as simple as possible, but no simpler - Einstein
  • #2,173
  • Nov 5, 2021 3:21am Nov 5, 2021 3:21am
I've noticed that specially last 10, 20 days roughly, the high or the low of the day, I mean offiicial DAX session data, was hit between 8 and 9CET.

Anyway for now prices seem going nowhere.........probably only waiting for the afternoon data.
Inserted Video
I call upon my father's spirit , watching over me
  • #2,174
  • Nov 5, 2021 3:29am Nov 5, 2021 3:29am
Quoting simnz
{quote} I have gone through such situations: from specialisation in just one symbol to have multiple symbols. I found it difficult to handle both situations. One symbol specialisation deprived me of using idle times. So I chose two symbols for futures (2) same two symbols for futures options (for selling and buying separately so 2 symbols x 2 types of future options) = 4. The added bonus was that if I buy futures and sell call futures options, I don't have to invest more margin subject to certain conditions. Similarly, if I have sold futures, I...
When you find the right balance in your skills, in your personal choice, with your financial tools, you are in peace with yourself and you can better handle the obvious difficulties of this job.

Then as I said, it's only a personal choice.
I choose this job some years ago, mainly for a wish of FREEDOM. And trading the DAX in this way, guarantees me this FREEDOM, as timing, as days to trade, as going outside after 10 CET, or ending the day early if wild horse is sleeping, or to work for 20 hours a day when Indices are exploding in volatility.

Inserted Video
I call upon my father's spirit , watching over me
  • #2,175
  • Nov 5, 2021 3:48am Nov 5, 2021 3:48am
Quoting Brixen
{quote} +31 p FDXS=+6 pips FDXM I have only 1 FDXS 988. No target for now, I'll wait US JOBS data, Always additionals waiting 97..93..zone. If prices are not able to close last wed gap, no way......prices will go up and up again. But it's only the beginning of the day.......everything may happens.
Official Wed gap: What is the figure?

Is WSJ the site to look for statistics of DAX40?

I am still confused by the word gap used for various functions .
Practice makes a person perfect
  • #2,176
  • Nov 5, 2021 3:56am Nov 5, 2021 3:56am
Quoting simnz
{quote} Official Wed gap: What is the figure? Is WSJ the site to look for statistics of DAX40? I am still confused by the word gap used for various functions .
Yes, it is. Only DAX CASH INDEX official data to calculate gaps for me, WSJ take his data from XETRA FRANFURT official.
Anyway you can calculate gaps whatever you wish.......

Attached Image (click to enlarge)
Click to Enlarge Name: gaps.png Size: 29 KB
I call upon my father's spirit , watching over me
  • #2,177
  • Nov 5, 2021 4:20am Nov 5, 2021 4:20am
Quoting Brixen
{quote} +31 p FDXS=+6 pips FDXM I have only 1 FDXS 988. No target for now, I'll wait US JOBS data, Always additionals waiting 97..93..zone. If prices are not able to close last wed gap, no way......prices will go up and up again. But it's only the beginning of the day.......everything may happens.
I'll back after 12/13CET.
Orders as previously indicated.
Waitn and see mode activated on major markets.....until 14:30CET
I call upon my father's spirit , watching over me
  • #2,178
  • Nov 5, 2021 6:57am Nov 5, 2021 6:57am
Quoting Brixen
{quote} I'll back after 12/13CET. Orders as previously indicated. Waitn and see mode activated on major markets.....until 14:30CET
US JOBS data should be good, but what it really matters here is market reaction, specially at the end of this week.

So I have 2 chances for my last FDXS 988:
1. wait for US JOBS placing a stop at breakeven and a target roughly +100 pts, maybe more;
2. or to close my position on 1st decent spike up before the data and AMEN!
I call upon my father's spirit , watching over me
  • #2,179
  • Nov 5, 2021 7:37am Nov 5, 2021 7:37am
Quoting Brixen
{quote} US JOBS data should be good, but what it really matters here is market reaction, specially at the end of this week. So I have 2 chances for my last FDXS 988: 1. wait for US JOBS placing a stop at breakeven and a target roughly +100 pts, maybe more; 2. or to close my position on 1st decent spike up before the data and AMEN!
16078 closed right now
I call upon my father's spirit , watching over me
  • #2,180
  • Nov 5, 2021 7:38am Nov 5, 2021 7:38am
Quoting Brixen
{quote} 16078 closed right now
+90 p FDXS=+18 pips FDXM

FLAT , I' go to eat something, I'll back in an hour for US official open.
I call upon my father's spirit , watching over me
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