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DAX Futures June 2022

  • #261
  • Mar 24, 2022 11:28am Mar 24, 2022 11:28am
Quoting Nicy
Hey, when you have some time, perhaps you'd like to have a look on my chart posted in Medici's thread. I'd like have your opinions on the levels calculated using the camarilla pivots. Your opinion counts a lot
Could you please post in detail your charts/levels as it is not easy to me well understand levels and prices, as there are many lines and many colours same time.
Otherwise I cant give my opinion. Thanks.
I call upon my father's spirit , watching over me
  • #262
  • Mar 24, 2022 11:31am Mar 24, 2022 11:31am
Done my day:+90+12+15+16+14+2+6++8+1+5+7+3+7+10=TOTAL +196 pips FDXM.

I hold 1 DAX CFD 14216,5 long for tomorrow, unless prices will touch 14400 zone later.
I call upon my father's spirit , watching over me
  • #263
  • Mar 24, 2022 12:19pm Mar 24, 2022 12:19pm
Quoting Brixen
{quote} Could you please post in detail your charts/levels as it is not easy to me well understand levels and prices, as there are many lines and many colours same time. Otherwise I cant give my opinion. Thanks.
Ok, thanks for having a look. There are too many lines, I agree. What you're looking at is the daily levels calculated from the previous day, taking into account the range and the closing price.
Every day the levels change, as in the normal pivot point calculation.
What I was quite intrigues to see is that many of the calculated levels were "in play". I.e. the price reacted on them. Come of these levels were very close the to my own Fibo levels (march 18th extension and then next day retrace). And they overlap to a good extent to the levels that I can draw by hand.
But there are too many lines to be seen, so I'm posting here what happened today, on a 3 minute chart. Surprisingly the main resistance @ 390 was respected and so were the other levels. One notable exception, the 300 BRN was not calculated nor shown.
I find it interesting, but it really needs a way deeper investigation before being traded.
Here's the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
Wealth is not built in a day.
  • #264
  • Mar 24, 2022 4:59pm Mar 24, 2022 4:59pm
Brixen am I right in thinking no Italy at the World Cup!!!!!!!
  • #265
  • Mar 24, 2022 5:13pm Mar 24, 2022 5:13pm
Quoting handy148
Brixen am I right in thinking no Italy at the World Cup!!!!!!!
What can I say Handy.....

  1. They deserved to win the EURO FINALS in London and the same players deserve now to go out! No way!
  2. Probably London final was an huge spike up ....but candle close was (tonight) at the lows....
  3. In football as in life (and in trading too) , what have you done means nothing the day after. You must restart always from zero, with same spirit!
  4. 90% possession means nothing in football if you are not able to score: Ranieri Leicester once won 3-1 vs ManCity's Guardiola with only 15% possession and 4 shots in total
  5. I suspect for more and more players, National team has not same importance of their club.
  6. This Rod Stewart song tells how I'm feeling now......
    Inserted Video

P.S.: your words Handy sound to me as a little bit of revenge, cause are coming from an England fan, isnt it?

I call upon my father's spirit , watching over me
  • #266
  • Edited 6:13pm Mar 24, 2022 5:28pm | Edited 6:13pm
Quoting Brixen
{quote} What can I say Handy..... They deserved to win the EURO FINALS in London and the same players deserve now to go out! No way! Probably London final was an huge spike up ....but candle close was (tonight) at the lows.... In football as in life (and in trading too) , what have you done means nothing the day after. You must restart always from zero, with same spirit! 90% possession means nothing in football if you are not able to score: Ranieri Leicester once won 3-1 vs ManCity's Guardiola with only 15% possession and 4 shots in total I suspect...
To be honest The Euros hadn't entered my head. And as a football fan, a World Cup without Italy is unthinkable.
  • #267
  • Mar 24, 2022 5:36pm Mar 24, 2022 5:36pm
Quoting handy148
{quote} To be honest The Euros hadn't entered my head. And as a football fan, a World Cup with Italy is unthinkable.

You are a perfect sportsman and gentleman.

These players dont deserve to go to World Cup, they failed every game they played after London victory and they even failed 2 penalties with probably best penalty player in the world (Jorginho) in crucial games vs Switzerland (that will go to World Cup) last September.
I call upon my father's spirit , watching over me
  • #268
  • Mar 25, 2022 1:33am Mar 25, 2022 1:33am
Quoting Nicy
{quote} Ok, thanks for having a look. There are too many lines, I agree. What you're looking at is the daily levels calculated from the previous day, taking into account the range and the closing price. Every day the levels change, as in the normal pivot point calculation. What I was quite intrigues to see is that many of the calculated levels were "in play". I.e. the price reacted on them. Come of these levels were very close the to my own Fibo levels (march 18th extension and then next day retrace). And they overlap to a good extent to the levels...
Here below my humble general feedback, as I always respect every calculation, every levels from every trader.

  1. 3min chart, 15 min, or whatever else TF we look cant change prices action, as a real key sensible level will be always respected and it always will react
  2. DAX Future real games start at 8CET until 17:35CET, I fully agree with you. Dax Cash Index from 9CET till 17:35CET. No way!
  3. some lines you draw in your chart are respected in following price action, some lines not
  4. 14280 zone was crucial imho yd but it's not indicated. Again I had an opinion about it and I'm not saying that it was the truth, but it was my refer for the whole day (together with 190/210 zone and 410 zone). But it was important and respected for almost whole official session.
  5. Here below pure simple data from yd DAX CASH INDEX official, the KING imho. It tell us a simple doji day if you take close, high and low, so indecision. No DAX Future chart tell us the same, unless you take data from same official hours....but otherwise which chart is right???....

Attached Image (click to enlarge)
Click to Enlarge Name: DAXOFFICIAL250322.PNG Size: 56 KB
I call upon my father's spirit , watching over me
  • #269
  • Mar 25, 2022 2:03am Mar 25, 2022 2:03am
Quoting Brixen
Done my day:+90+12+15+16+14+2+6++8+1+5+7+3+7+10=TOTAL +196 pips FDXM. I hold 1 DAX CFD 14216,5 long for tomorrow, unless prices will touch 14400 zone later.
Target around 14400 zone for my last DAX CFD 14216,5. No more trades for friday...probably.

For today I will look again at 14280/275 zone (273.79 yd official close) as a sort of pivot KEY LEVEL.

German IFO data possible market mover during the morning expected to dip, but obviously all eyes are on Ukraine war and Biden visit in Europe.
Attached Image (click to enlarge)
Click to Enlarge Name: ifo.PNG Size: 350 KB
I call upon my father's spirit , watching over me
  • #270
  • Edited 3:41am Mar 25, 2022 3:30am | Edited 3:41am
Too many hours spent in sideway mode......
Then it's friday, maybe they will break this range at some point, specially when most of traders will be out of the markets for the incoming weekend.
We'll see, as friday always a good day for gifts into next week!
I call upon my father's spirit , watching over me
  • #271
  • Mar 25, 2022 3:49am Mar 25, 2022 3:49am
Quoting Brixen
Too many hours spent in sideway mode...... Then it's friday, maybe they will break this range at some point, specially when most of traders will be out of the markets for the incoming weekend. We'll see, as friday always a good day for gifts into next week!
OK, I'll back later, leaving some additional buy orders around sensible zone in any case (below 200 zone and slight above 14100 zone).

We made a request to give temporary hospitality to children/orphans from Ukraine and so me and my wife will be interviewed/checked this morning by local Gov department.

see you later.
I call upon my father's spirit , watching over me
  • #272
  • Mar 25, 2022 4:20am Mar 25, 2022 4:20am
GM Brixen - as you have seen, there's a lot of new ideas being tried in my old thread.

One point I would raise is that the FDAX contract and its Mini & Micro variants are increasing in popularity and thus volume.

The Eurex web site for yesterday's action quotes 52,910 Traded Contracts with Open Interest of 65,276 contracts.

FDAX Trading Hours are quoted as 02:00 to 22:30 CET

How much is FDAX now influencing Cash Dax??
Trading Levels with WRBs
  • #273
  • Mar 25, 2022 6:27am Mar 25, 2022 6:27am
Quoting Islander
GM Brixen - as you have seen, there's a lot of new ideas being tried in my old thread. One point I would raise is that the FDAX contract and its Mini & Micro variants are increasing in popularity and thus volume. The Eurex web site for yesterday's action quotes 52,910 Traded Contracts with Open Interest of 65,276 contracts. FDAX Trading Hours are quoted as 02:00 to 22:30 CET How much is FDAX now influencing Cash Dax??

  1. 1. Your thread always a source of insipration for many traders, me included. One of historical thread here, but always alive and kicking....

  1. 2. No arrogant people there (same here I guess), everybody trying to help and support each other with new ideas, charts and whatever it is. I like very much this spirit!

  1. 3. FDAX volumes have constantly grown last years and compared to 1 decade ago are enormous. Same for FESX. little brother of FDAX.

  1. 4. FDXM (mini DAX Future) are stable as volumes while FDXS (micro Dax future) are exploding this year, after a lazy/slow start 1 year ago.

  1. 5. I always thought DAX Futures were and are simplest way to trade the DAX as Index, as sometimes/often DAX CFDs are not so fair as spread by many Brokers. BigHands working on FDAX but I guess sometimes with FDXM, while we humans trade FDXS and sometimes FDXM. So everybody is served this way.

  1. 6. For 1st time in years I was forced some night to stay on the screen for some hours (as my positions or volatility were so wild last weeks) and I can place overnight orders starting 1CET a.m. on my platform. But real games on DAX Future start only just after 8CET, while after 9CET they blindly follow the KING, THE DAX CASH INDEX official. Imho FDAX/FDXM/FDXS follow the KING from 9 till 17:35CET, then they are acting as hedge with no volumes for BigBoys. Only my personal opinion, and always ready to change my mind, as flexibility and open mind is a MUST in this job!!

I call upon my father's spirit , watching over me
  • #274
  • Mar 25, 2022 6:37am Mar 25, 2022 6:37am
Quoting Brixen
{quote} Target around 14400 zone for my last DAX CFD 14216,5. No more trades for friday...probably. For today I will look again at 14280/275 zone (273.79 yd official close) as a sort of pivot KEY LEVEL. German IFO data possible market mover during the morning expected to dip, but obviously all eyes are on Ukraine war and Biden visit in Europe. {image}
14400 right now approaching my target fixed at 12415 zone (+200 pts) for my last DAX CFD bought yd at 12216,5.
I call upon my father's spirit , watching over me
  • #275
  • Edited 11:28am Mar 25, 2022 6:51am | Edited 11:28am
Quoting Brixen
{quote} 1. Your thread always a source of insipration for many traders, me included. One of historical thread here, but always alive and kicking.... 2. No arrogant people there (same here I guess), everybody trying to help and support each other with new ideas, charts and whatever it is. I like very much this spirit! 3. FDAX volumes have constantly grown last years and compared to 1 decade ago are enormous. Same for FESX. little brother of FDAX. 4. FDXM (mini DAX Future) are stable as volumes while FDXS (micro Dax future) are exploding...
DAX is allowing money managers to make most of capital efficiency by using any of three index contracts as future spreads. Which means you don't have to use pair trading as a spread. You can use Dax index futures spreads for hedging and bringing the margin to neutral whenever you get distrurbed by volatility.

Margin and loss are calculated as two factors of margin deposit. If you want to trade stress free, you don't take more than 30% of your capital, keep 10% of capital for taking chance (for volatility) and immediately convert the trade (if it is 1 lot of FDXM wtih @5 ticks) in a futures spreads by trading in opposite direction FDXS (5 lots of matching @1 x 5) and hedge 100% of capital. You can release the hedge lock at a resistance or support level and again take chances.

But If you pile up losses, your capacity to take chances is reduced. The key is to stay in the game by having a capital of at least 40% so that after hedging you can release the lock and can take another chance of 10%.

Rule for safety margin:Aim at keeping 70% buffer capital so that you can use totally 20% in taking chances after the release of the hedging locks.

Futures spread is the hedging lock mechanism I use and the Eurex permits it and locks up the margin of both trades.
Practice makes a person perfect
  • #276
  • Mar 25, 2022 8:51am Mar 25, 2022 8:51am
Hi Brixen

Thank you for your kind words

You too deserve much praise for offering to" give temporary hospitality to children/orphans from Ukraine "

I hope this goes well for all of you
Trading Levels with WRBs
  • #277
  • Mar 25, 2022 9:00am Mar 25, 2022 9:00am
Quoting Islander
Hi Brixen Thank you for your kind words You too deserve much praise for offering to" give temporary hospitality to children/orphans from Ukraine " I hope this goes well for all of you
I'm a little bit frustrated as a lot of bureaucrazy around this thing, they want know if I have a great and clean house, a decent income, Covid vaccinations or illness, what jobs me and wife are doing and so on....

I only reply saying that me and my wife raised 4 kids so far + some old parents (that are the same as kids when they get older) and I trade the DAX everyday......

I understand Gov local Dept must be careful before give these unfortunate kids to some families, but what else I can do??

We'll see...
I call upon my father's spirit , watching over me
  • #278
  • Mar 25, 2022 9:02am Mar 25, 2022 9:02am
Quoting Brixen
{quote} 14400 right now approaching my target fixed at 12415 zone (+200 pts) for my last DAX CFD bought yd at 12216,5.
14416 target was hit late morning, so +199,5 p DAX CFD=+40 pips FDXM already made.

FLAT for now, maybe I will buy something for next week later on possible friday afternoon/evening decent retracement, otherwise AMEN , I did my day and my week too.
I call upon my father's spirit , watching over me
  • #279
  • Mar 25, 2022 9:11am Mar 25, 2022 9:11am
Quoting simnz
{quote} DAX is allowing money managers to make most of capital efficiency by using any of three index contracts as future spreads. Which means you don't have to use pair trading as a spread. You can use Dax index futures spreads for hedging and bringing the margin to neutral whenever you get distrurbed by volatility. Margin and loss are calculated as two factors of margin deposit. If you want to trade stress free, you don't take more than 30% of your capital, keep 10% of capital for taking chance (for volatility) and immediately convert the trade...
Thanks, and you often tell us this strategy, but I'm not able to do this strategy as I'm by now completely focused on one direction when I trade.
But sometimes, better say rarely I had different positions on different direction and it was really too complicated for me to follow them, specially becasue I'm not used to follow this trading way...probably.

But I understand the correct logic of your strategy and reminds me what i have done my early years on trading hedging 3 FESX (Eurostoxx future) with 1 FDAX in the old times. It was an almost sure in gain strategy, but gains were limited in my humble and probably not so professional way.
And Yes, Eurex and many Brokers allow to do whatever you wish this way, even 1 FDXM intraday short while you have same time 1 FDXM overnight long.
So endless possibilities this way.
I call upon my father's spirit , watching over me
  • #280
  • Mar 25, 2022 9:12am Mar 25, 2022 9:12am
Bureaucrazy is alive and well here too

Two steps forward then one step back.

Think and move sideways ( find another office or way of doing it) and two steps forward that work.....hopefully.

But the time taken is sooooo long

Good luck
Trading Levels with WRBs
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