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DAX Futures March 2022

  • #3,201
  • Feb 24, 2022 12:11am Feb 24, 2022 12:11am
20 February 2020 started the big mess on financial markets for Covid explosion in the world.
21 February 2022 started the big mess for the explosion of war in Ukraine, that now is a cruel and terrified reality!

Charts, key levels, supports , resistances, make no sense at this early stage of new mess in this crazy world.
No will to trade for now, we'll see later......I'm completely disgusted what is happening over there!!

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I call upon my father's spirit , watching over me
  • #3,202
  • Feb 24, 2022 1:43am Feb 24, 2022 1:43am
When crude oil will hit 100$ probably they will start to reload some longs on Stock markets. after a new panic wave.

Attached Image (click to enlarge)
Click to Enlarge Name: WTI.PNG Size: 68 KB
I call upon my father's spirit , watching over me
  • #3,203
  • Feb 24, 2022 1:50am Feb 24, 2022 1:50am
Waking up to this was certainly unexpected. Wise choice, let's wait to mkt to normalize. I guess there are some lessons are learnt around the globe.
Wealth is not built in a day.
  • #3,204
  • Feb 24, 2022 1:57am Feb 24, 2022 1:57am
Quoting Brixen
{quote} Sorry, I hope you had minor pain from your long position. So today prices almost hit 14900 zone, but then they were rejected from previous historical support zone (now resistance) at 840/850 zone, as frankly I feared early afternoon. Thats why I left only 1 FDXS running, but with strict stop at 750. Now situation is serious and for one time I avoid to go long...as I want sleep in peace tonight. DAX FUTURE chart in after hours Europe here below {image}
Yes, at 200 pips from start I'm about 160 fdxm pips in drawdown (using your reporting method) and my break even is no more than 50 pips from the current price. I'm still working on defining my rules of engagement with the DAX. How far to let it go from my break even and how often / where to add to a losing position. I was planning to ask some questions about your way but today is probably not the day. I'm happy flat now and consider myself lucky for being able to manage my position yesterday with an almost 100pip relief rally before the dip.
Wealth is not built in a day.
  • #3,205
  • Feb 24, 2022 2:07am Feb 24, 2022 2:07am
Quoting Nicy
{quote} Yes, at 200 pips from start I'm about 160 fdxm pips in drawdown (using your reporting method) and my break even is no more than 50 pips from the current price. I'm still working on defining my rules of engagement with the DAX. How far to let it go from my break even and how often / where to add to a losing position. I was planning to ask some questions about your way but today is probably not the day. I'm happy flat now and consider myself lucky for being able to manage my position yesterday with an almost 100pip relief rally before the...
Why not?
I guess it's a perfect day to talk about trading, as I have no will to engage in some trades...for now!
I call upon my father's spirit , watching over me
  • #3,206
  • Feb 24, 2022 2:08am Feb 24, 2022 2:08am
14100 above until 14250 zone placed some shorts
I call upon my father's spirit , watching over me
  • #3,207
  • Feb 24, 2022 2:10am Feb 24, 2022 2:10am
Quoting Brixen
14100 above until 14250 zone placed some shorts
14095 1st short filled now
I call upon my father's spirit , watching over me
  • #3,208
  • Feb 24, 2022 2:11am Feb 24, 2022 2:11am
Quoting Brixen
{quote} 14095 1st short filled now
120 added too
I call upon my father's spirit , watching over me
  • #3,209
  • Feb 24, 2022 2:12am Feb 24, 2022 2:12am
Quoting Brixen
{quote} 120 added too
I have 2 FDXS short 107,5
I call upon my father's spirit , watching over me
  • #3,210
  • Feb 24, 2022 2:12am Feb 24, 2022 2:12am
Quoting Brixen
{quote} Why not? I guess it's a perfect day to talk about trading, as I have no will to engage in some trades...for now!
Ok then. I would like to ask how you decide where to add to a position in drawdown and how to size the addition. Do you try to keep your average price within a certain number of pips from the current market and how close ?
Yesterday I was trying to keep my average at about 50 to 80 pips from me, but starting from 30 but this seems a foolish way to do it. Perhaps better to add only at obvious levels.
Wealth is not built in a day.
  • #3,211
  • Feb 24, 2022 2:13am Feb 24, 2022 2:13am
Quoting Brixen
{quote} I have 2 FDXS short 107,5
072 closed 1 short now
I call upon my father's spirit , watching over me
  • #3,212
  • Feb 24, 2022 2:14am Feb 24, 2022 2:14am
Quoting Brixen
{quote} 072 closed 1 short now
++35 p FDXS=+7 pips FDXM

I have only 1 FDXS short 107. stop at breakeven, target around 14k
I call upon my father's spirit , watching over me
  • #3,213
  • Feb 24, 2022 2:15am Feb 24, 2022 2:15am
Quoting Brixen
{quote} ++35 p FDXS=+7 pips FDXM I have only 1 FDXS short 107. stop at breakeven, target around 14k
14007 target hit now for +100 p FDXS=+20 pips FDXM
I call upon my father's spirit , watching over me
  • #3,214
  • Feb 24, 2022 2:17am Feb 24, 2022 2:17am
Quoting Nicy
{quote} Ok then. I would like to ask how you decide where to add to a position in drawdown and how to size the addition. Do you try to keep your average price within a certain number of pips from the current market and how close ? Yesterday I was trying to keep my average at about 50 to 80 pips from me, but starting from 30 but this seems a foolish way to do it. Perhaps better to add only at obvious levels.
If I well understood, yd you start your longs late morning/early afternoon around 14800 zone, is it correct?
I call upon my father's spirit , watching over me
  • #3,215
  • Feb 24, 2022 2:20am Feb 24, 2022 2:20am
140 short again now
I call upon my father's spirit , watching over me
  • #3,216
  • Feb 24, 2022 2:21am Feb 24, 2022 2:21am
Quoting Brixen
140 short again now
stop at be, on possible new 14100 zone break down
I call upon my father's spirit , watching over me
  • #3,217
  • Feb 24, 2022 2:21am Feb 24, 2022 2:21am
Quoting Brixen
{quote} If I well understood, yd you start your longs late morning/early afternoon around 14800 zone, is it correct?
Yes, on the pull-back to 800 I opened a couple of fdxs then closed almost immediately one position for about 15pips and let the other run againt me for 30, then 50 etc pips, adding at -30 and -50 then increasing.
Wealth is not built in a day.
  • #3,218
  • Feb 24, 2022 2:23am Feb 24, 2022 2:23am
Here is a summary of what I did and it looks very foolish in hindsight and very lucky as well.
Attached Image
Wealth is not built in a day.
  • #3,219
  • Feb 24, 2022 2:26am Feb 24, 2022 2:26am
Quoting Brixen
{quote} stop at be, on possible new 14100 zone break down
stopped out at be now, I leave some shorts up in any case, lets say slight below and slight above 14200 zone
I call upon my father's spirit , watching over me
  • #3,220
  • Feb 24, 2022 2:28am Feb 24, 2022 2:28am
BigBoys + Central Banks dont want a total collapse, so they probably are behind this soft recovery......we'll see later afte 1st buy wave
I call upon my father's spirit , watching over me
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