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DAX Futures March 2022

  • #2,561
  • Feb 8, 2022 8:04am Feb 8, 2022 8:04am
226 closed now another DAX CFD 177
I call upon my father's spirit , watching over me
  • #2,562
  • Feb 8, 2022 8:05am Feb 8, 2022 8:05am
Quoting Brixen
226 closed now another DAX CFD 177
+49 p DAX CFD=+10 pips FDXM
I have only 1 DAX CFD and probably I will hold overnight for tomorrow.
I call upon my father's spirit , watching over me
  • #2,563
  • Feb 8, 2022 8:32am Feb 8, 2022 8:32am
Quoting Nicy
Hello Brixen, I've been following you for some time now. I trade along and have your thread on a side of my screen all day long. The DAX is not my daily bread and butter, but I look at it as a proxy for the EU. So I have not spoken here, perhaps I should have. What I'd like to ask you is perhaps a little personal and you might not want to answer. And you probably can't reveal too many secrets, this being your main income, so I'll understand. But here it goes: You always have a strong opinion on the direction of the market at market open (and pre-market)....
Hi Nicy, welcome on board here!
No secrets here, every trade is live and most trades/orders are even placed and reported in my posts just before they will be filled.

Anyway let's talk about today to be pragmatic:
1. DAX came from 2 days (friday and monday) with a clear double bottom.
2. historically the rebound may cover 50%, at worst 1/3rd (more or less) of previous big swing (downside swing in this case) so 15730 > 15060 = rebound in between 290 and 390. Thats why I've closed my longs around/above 300 zone.
3. KEY LEVEL for the morning was slight above 200 zone (see early morning chart posted before 9CET) well covered by another strong level built last 48 hours slight below 150 zone.
4. My post #2484 yd late evening explained a possible scenario for today (oil and gas included.....)
5. so I was right on direction, but this means nothing, as they sold in heavily way the morning rise and luckily I restarted to accumulate only when prices went down for 100 pts and lower, probably because many were longs on good Macron news.

But in anycase the soulders were well covered by 137,7 lower key level always indicated and thats why I bought even 1 FDXM at 159 early afternoon.
Anyway I had in play only my low sizes (FDXS and some DAX CFDs) so on worst scenario I could even play some big missiles (FDXM and FDAX)

I hope I have replied in decent way to your questions, at least for today.
I call upon my father's spirit , watching over me
  • #2,564
  • Feb 8, 2022 8:37am Feb 8, 2022 8:37am
Done my day:+10+40+23+13,5+23+8+10,5+13,5+9+13,5+7,5+12+24+9+7+10,5+5+8+6,5+7+10=TOTAL +268,5 pips FDXM.

I hold for tomorrow 1 DAX CFD long 15177.
I call upon my father's spirit , watching over me
  • #2,565
  • Feb 8, 2022 8:59am Feb 8, 2022 8:59am
Quoting Brixen
I hope I have replied in decent way to your questions, at least for today.
Thanks for the welcome. And yes, you sure did and thanks for your insight.

I was expecting a little more sell-off from the XO. perhaps until the 15110-090 zone for a buy zone with a second buy zone around 050. Below there was only abyss.
The wall at 15250 from yesterday seemed to support my idea for quick spike there and then some selling until US open. So I was surprised to see it go past 250 like nothing.

no more questions for today. You have a nice and deserved evening
Wealth is not built in a day.
  • #2,566
  • Feb 8, 2022 10:23pm Feb 8, 2022 10:23pm
Quoting Brixen
Done my day:+10+40+23+13,5+23+8+10,5+13,5+9+13,5+7,5+12+24+9+7+10,5+5+8+6,5+7+10=TOTAL +268,5 pips FDXM. I hold for tomorrow 1 DAX CFD long 15177.
Just woke up and check that all main worldwide Indices are on rally mode......as they always do after hours and hours of congestion/compression prices yd.

Set a target around 15400 zone more or less (+220/230 pts) for my last DAX CFD 15177 and then I will probably take a day off , after a good week I had so far.
I call upon my father's spirit , watching over me
  • #2,567
  • Feb 8, 2022 10:29pm Feb 8, 2022 10:29pm
Quoting Nicy
{quote} Thanks for the welcome. And yes, you sure did and thanks for your insight. I was expecting a little more sell-off from the XO. perhaps until the 15110-090 zone for a buy zone with a second buy zone around 050. Below there was only abyss. The wall at 15250 from yesterday seemed to support my idea for quick spike there and then some selling until US open. So I was surprised to see it go past 250 like nothing. no more questions for today. You have a nice and deserved evening
Exactly! They probably reload their longs where and when panic was into markets, so on typical friday afternoon dips + retest monday morning.
After a potential double bottom (friday+ monday lows were almost the same) they will probably retest mid point of last big swing (730>060) = 15390/410 zone-

We'll see.....good luck for you and for me, as market is rarely obvious!!!
I call upon my father's spirit , watching over me
  • #2,568
  • Feb 8, 2022 11:22pm Feb 8, 2022 11:22pm
DAX FUTURE chart for this morning: last friday official highs (420 zone) 1st decent upside target, then 460 zone.
Anyway 330 zone (yd official highs) real KEY LEVEL, imho.

Bear in mind tomorrow and friday crucial Inflation data in US and Germany will be released, so we'll see if they want pump up or not markets before key events,

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM15.png Size: 43 KB
I call upon my father's spirit , watching over me
  • #2,569
  • Feb 8, 2022 11:50pm Feb 8, 2022 11:50pm
Quoting Brixen
DAX FUTURE chart for this morning: last friday official highs (420 zone) 1st decent upside target, then 460 zone. Anyway 330 zone (yd official highs) real KEY LEVEL, imho. Bear in mind tomorrow and friday crucial Inflation data in US and Germany will be released, so we'll see if they want pump up or not markets before key events, {image}
As you clearly see on the chart, there's an intermediate sensible level aorund 280/270 zone......placed some FDXS buy orders ariound there...we'll see after 9CET
I call upon my father's spirit , watching over me
  • #2,570
  • Feb 9, 2022 12:11am Feb 9, 2022 12:11am
Quoting Brixen
DAX FUTURE chart for this morning: last friday official highs (420 zone) 1st decent upside target, then 460 zone. Anyway 330 zone (yd official highs) real KEY LEVEL, imho. Bear in mind tomorrow and friday crucial Inflation data in US and Germany will be released, so we'll see if they want pump up or not markets before key events, {image}
It seems prices want stay above 330 zone, yd highs......good for my 177 long, we'll see after 1st 30/45 minutes
I call upon my father's spirit , watching over me
  • #2,571
  • Feb 9, 2022 12:21am Feb 9, 2022 12:21am
Quoting Brixen
{quote} Just woke up and check that all main worldwide Indices are on rally mode......as they always do after hours and hours of congestion/compression prices yd. Set a target around 15400 zone more or less (+220/230 pts) for my last DAX CFD 15177 and then I will probably take a day off , after a good week I had so far.
390 closed right now last DAX CFD 177 bought yd for +213 p DAX CFD=+42,5 pips FDXM

I'll back for US session, I need fresh air and/sun and no will to engage on new trades...for now!

Inserted Video
I call upon my father's spirit , watching over me
  • #2,572
  • Feb 9, 2022 12:23am Feb 9, 2022 12:23am
Quoting Brixen
{quote} It seems prices want stay above 330 zone, yd highs......good for my 177 long, we'll see after 1st 30/45 minutes
Well, if they do, sensible targets on the upside would be 435 - 450 - 465 but as you say... wishful thinking atm.
BTW, do you use volume profile data (POC, Value Area etc) for your levels or just pure price levels (i.e. areas where price spent time before continuing or retraced in addition to min/max and fibonacci levels).
Wealth is not built in a day.
  • #2,573
  • Feb 9, 2022 3:59am Feb 9, 2022 3:59am
Great morning with a super clear rally in Dax from XO, a +141 pts swing with another Buy after half an hour for any who missed the first Buy
Attached Image (click to enlarge)
Click to Enlarge Name: feb9 dax m1 1003.png Size: 61 KB
Trading Levels with WRBs
  • #2,574
  • Feb 9, 2022 4:21am Feb 9, 2022 4:21am
Quoting Islander
Great morning with a super clear rally in Dax from XO, a +141 pts swing with another Buy after half an hour for any who missed the first Buy {image}
Well done Islander!! BRAVO, as usual!!, people like you are a great source of inspiration for my next years, possibly next decades in this tough job!

Since thanksgiving holiday every day there's a chance to gain (or loose) a fortune on the markets!
Today is another confirmation!

FOMO, fear, greed, Algos are driven crazy markets ups and downs, but lets say more or less inside the big range built last 2/3 months.

We are try to ride these intraday/daily moves the best we can, but I dont know why I have always a bittersweet taste every day, even after a good day trade.
Probably because I'm aware that lethargic day trades into strict range will surely come and because I havent exploit most of the chances these days offer.....

Inserted Video
I call upon my father's spirit , watching over me
  • #2,575
  • Feb 9, 2022 4:23am Feb 9, 2022 4:23am
some shorts placed above and well above 500 zone, on possible spikes / exaggerations next minutes/hours.
I call upon my father's spirit , watching over me
  • #2,576
  • Feb 9, 2022 4:31am Feb 9, 2022 4:31am
Huge gap up in sight for US markets when they will officially open at 15:30CET.

US SP500 roughly +30 pts up currently in pre market, but if they want squeeze all shorts , they could even hit 4585/4595 zone in typical extreme market move before a crucial US inflation data tomorrow 14:30CET.
I call upon my father's spirit , watching over me
  • #2,577
  • Feb 9, 2022 4:33am Feb 9, 2022 4:33am
Quoting Brixen
some shorts placed above and well above 500 zone, on possible spikes / exaggerations next minutes/hours.
I'll back before US open to check if some shorts has been triggered.....or not! Otherwise I already did my day.
I call upon my father's spirit , watching over me
  • #2,578
  • Feb 9, 2022 6:25am Feb 9, 2022 6:25am
Quoting Brixen
DAX FUTURE chart for this morning: last friday official highs (420 zone) 1st decent upside target, then 460 zone. Anyway 330 zone (yd official highs) real KEY LEVEL, imho. Bear in mind tomorrow and friday crucial Inflation data in US and Germany will be released, so we'll see if they want pump up or not markets before key events, {image}
DAX FUTURE chart update just before NY official open: it seems that inflation peak has been already hit.......we'll see tomorrow at this hour!

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM15.png Size: 37 KB
I call upon my father's spirit , watching over me
  • #2,579
  • Feb 9, 2022 6:40am Feb 9, 2022 6:40am
Quoting Brixen
Huge gap up in sight for US markets when they will officially open at 15:30CET. US SP500 roughly +30 pts up currently in pre market, but if they want squeeze all shorts , they could even hit 4585/4595 zone in typical extreme market move before a crucial US inflation data tomorrow 14:30CET.
+30 pts higher than yd official high for US SP500 just after the open......spirit launched in the sky

Inserted Video
I call upon my father's spirit , watching over me
  • #2,580
  • Feb 9, 2022 6:43am Feb 9, 2022 6:43am
Quoting Brixen
{quote} DAX FUTURE chart update just before NY official open: it seems that inflation peak has been already hit.......we'll see tomorrow at this hour! {image}
cant short this beast above 475 zone.......
I call upon my father's spirit , watching over me
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