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DAX Futures June 2022

  • #1,301
  • Apr 22, 2022 3:00am Apr 22, 2022 3:00am
Quoting Brixen
I HAVE NOW: 5 FDXS 492 20 DAX CFD 467 3 DAX CFD 379 5 DAX CFD 335 2 DAX CFD 300 +123 pips FDXM gained so far today.
340 right now closed all 5 DAX CFD 335 + 1 DAX CFD 467
I call upon my father's spirit , watching over me
  • #1,302
  • Apr 22, 2022 3:01am Apr 22, 2022 3:01am
Quoting Brixen
I HAVE NOW: 5 FDXS 492 20 DAX CFD 467 3 DAX CFD 379 5 DAX CFD 335 2 DAX CFD 300 +123 pips FDXM gained so far today.
343 now closed 1 DAX CFD 300 too
I call upon my father's spirit , watching over me
  • #1,303
  • Apr 22, 2022 3:05am Apr 22, 2022 3:05am
Last 2 trades/last 2 posts:
+5 p x 5 DAX CFD=+25 p DAX CFD=+5 pips FDXM
-127 p DAX CFD=-25,5 pips FDXM
+43 p DAX CFD=+8,5 pips FDXM

I hold now:
5 FDXS 492
19 DAX CFD 467
3 DAX CFD 379
1 DAX CFD 300
7 DAX CFD 290
I call upon my father's spirit , watching over me
  • #1,304
  • Apr 22, 2022 3:14am Apr 22, 2022 3:14am
Quoting Brixen
{quote} Yd after EUREX close 22CET I had overnight : 4 FDXM 14361 + 12FDXS 14492. DAX FUTURES settlement price was yd at 14538, so my trading account this morning had a surplus of 885 € x 4 FDXM and 45€ x 12 FDXS, so the difference between entry price and the daily settlement price. I hope I have been clear, otherwise let me know. {image}
Thanks.
I think it's clear.
It looks like your bank calculates your account value (or margin) once a day using the settlement price and not the mark-to-market price in realtime.
Correct?
Wealth is not built in a day.
  • #1,305
  • Apr 22, 2022 3:18am Apr 22, 2022 3:18am
Quoting Nicy
{quote} Thanks. I think it's clear. It looks like your bank calculates your account value (or margin) once a day using the settlement price and not the mark-to-market price in realtime. Correct?
Yes, it is. and it has always been this way since I started trade EUREX futures on FESX (Estoox50 futures) a couple decades ago.
I call upon my father's spirit , watching over me
  • #1,306
  • Apr 22, 2022 3:25am Apr 22, 2022 3:25am
Quoting Brixen
Last 2 trades/last 2 posts: +5 p x 5 DAX CFD=+25 p DAX CFD=+5 pips FDXM -127 p DAX CFD=-25,5 pips FDXM +43 p DAX CFD=+8,5 pips FDXM I hold now: 5 FDXS 492 19 DAX CFD 467 3 DAX CFD 379 1 DAX CFD 300 7 DAX CFD 290
I'm biuyn some FDXS too 330/350 zone taking into account that my positions are very light....compared to yd and this early morning....
I call upon my father's spirit , watching over me
  • #1,307
  • Edited 4:04am Apr 22, 2022 3:34am | Edited 4:04am
Quoting Nicy
{quote} Thanks. I think it's clear. It looks like your bank calculates your account value (or margin) once a day using the settlement price and not the mark-to-market price in realtime. Correct?
This is a feature specific to futures trading. Your margin requirements for intraday positions are waaaaay lower than for positions you hold overnight. While the concrete numbers depend on your broker the intraday requirements correspond to a leverage of about 1:20 to 1:200 (depending on your broker). However once you decide to go overnight with a position the exchange requirements kick in, and those requirements typically correspond to a leverage of less than 1:10 (depending on the traded instrument). So overnight you need at least the triple amount of money in your account to cover those positions without risking a margin-call. And the overnight calculation uses the settlement price.

What Brixen's remark really tells you is the roughly estimated used leverage of his account last night. It was below 1:10 with something of about 50 units of open positions (1 FXDM unit = 5 FXDS units, quickly running through the positions from my head). So you can see that he had enough room to breath and was not overleveraged at all, which in return tells you something about his estimated account size.

@Brixen, I hope I got this correct :-)
It takes blood, sweat and enough tears to wash away the blood.
  • #1,308
  • Apr 22, 2022 3:34am Apr 22, 2022 3:34am
Quoting Nicy
gap closed. we're free to fall now.
It's not closed yet!
as yd official DAX CASH INDEX low was 14374,59

Attached Image (click to enlarge)
Click to Enlarge Name: gap1.PNG Size: 3 KB
I call upon my father's spirit , watching over me
  • #1,309
  • Apr 22, 2022 3:39am Apr 22, 2022 3:39am
Quoting emmzett
{quote} This is a feature specific to futures trading. Your margin requirements for intraday positions are waaaaay lower than for positions you hold overnight. While the concrete numbers depend on your broker the intraday requirements correspond to a leverage of about 1:30 to 1:200 (depending on your broker). However once you decide to go with a position overnight the exchange requirements kick in, and those requirements typically correspond to a margin level of lower than 1:10 (depending on the traded instrument). So overnight you need at least...
EXACTLY PERFECT!

How you doing Emmzett, are you in Germany or in Switzerland these days? and are you trading the DAX?
Good to see you here again! you're always welcome here!
I call upon my father's spirit , watching over me
  • #1,310
  • Apr 22, 2022 3:43am Apr 22, 2022 3:43am
Quoting Brixen
Last 2 trades/last 2 posts: +5 p x 5 DAX CFD=+25 p DAX CFD=+5 pips FDXM -127 p DAX CFD=-25,5 pips FDXM +43 p DAX CFD=+8,5 pips FDXM I hold now: 5 FDXS 492 19 DAX CFD 467 3 DAX CFD 379 1 DAX CFD 300 7 DAX CFD 290
Update on my positions on going:
5 FDXS 492
19 DAX CFD 467
3 DAX CFD 379
1 DAX CFD 300
7 DAX CFD 290
3 FDXS 338

Some closing orders slight below and sligh above 400 zonew, but prices have a strong resistance 360/390 zone for now and probably only with US help they could break up thath level, but not for now.

see you later. after midday.
I call upon my father's spirit , watching over me
  • #1,311
  • Edited 4:28am Apr 22, 2022 3:54am | Edited 4:28am
Quoting Brixen
{quote} EXACTLY PERFECT! How you doing Emmzett, are you in Germany or in Switzerland these days? and are you trading the DAX? Good to see you here again! you're always welcome here!
Thank you for asking. Doing great and spent the winter in Eastern Europe at the Black Sea in Bulgaria. Still here. Corona-wise we have almost infinite freedoms here and spring becomes more beauitful every day. Everything is in blooms.

Yes, recently I started trading the DAX again and now I'm doing what another member here in your thread (forgot his name) recommended: trade only the first hour and be done with your day early. Less is more. DAX with it's 09 CET open is perfect for this approach. Today/next days I'm most curious about your statement "cash index gaps need to be closed".

Good trading to you :-)
It takes blood, sweat and enough tears to wash away the blood.
  • #1,312
  • Apr 22, 2022 4:00am Apr 22, 2022 4:00am
Quoting emmzett
{quote} This is a feature specific to futures trading. Your margin requirements for intraday positions are waaaaay lower than for positions you hold overnight. While the concrete numbers depend on your broker the intraday requirements correspond to a leverage of about 1:20 to 1:200 (depending on your broker). However once you decide to go with a position overnight the exchange requirements kick in, and those requirements typically correspond to a leverage of less than 1:10 (depending on the traded instrument). So overnight you need at least the...
Ok, makes sense. Thank you for expanding. I never consider the intraday margin as something to use at all to avoid having to close forcefully a position in loss.
Wealth is not built in a day.
  • #1,313
  • Apr 22, 2022 4:07am Apr 22, 2022 4:07am
Both S&P and DAX closed the last hour with inside bars (only for readers remembering my older still valid approach). So indecision at the moment and target projections of H=14450/L=overnight-low (FDAX) once the breakout occures.
It takes blood, sweat and enough tears to wash away the blood.
  • #1,314
  • Apr 22, 2022 4:12am Apr 22, 2022 4:12am
Quoting emmzett
Both S&P and DAX closed the last hour with inside bars (only for readers remembering my older still valid approach). So indecision at the moment and target projections once the breakout occures.
is that the hourly bar volatility contraction and breakout method? still works?
Wealth is not built in a day.
  • #1,315
  • Apr 22, 2022 4:16am Apr 22, 2022 4:16am
Quoting Nicy
{quote} is that the hourly bar volatility contraction and breakout method? still works?
Yep. :-) I wait for a meaningful impulse to the upside which I expect coming from Chicago.

edit: cash price pic attached
Attached Image (click to enlarge)
Click to Enlarge Name: DAX cash index.png Size: 26 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #1,316
  • Apr 22, 2022 4:41am Apr 22, 2022 4:41am
Quoting emmzett
{quote} Yep. :-) I wait for a meaningful impulse to the upside which I expect coming from Chicago. edit: cash price pic attached {image}
Wealth is not built in a day.
  • #1,317
  • Apr 22, 2022 5:05am Apr 22, 2022 5:05am
Quoting Nicy
{quote}
Closed to the other side. Just went long on 14253.
It takes blood, sweat and enough tears to wash away the blood.
  • #1,318
  • Apr 22, 2022 5:58am Apr 22, 2022 5:58am
Quoting Brixen
{quote} Update on my positions on going: 5 FDXS 492 19 DAX CFD 467 3 DAX CFD 379 1 DAX CFD 300 7 DAX CFD 290 3 FDXS 338 Some closing orders slight below and sligh above 400 zonew, but prices have a strong resistance 360/390 zone for now and probably only with US help they could break up thath level, but not for now. see you later. after midday.
215 for DAX CFDs right now and 230 zone for FDXS I'm buying several positions
I call upon my father's spirit , watching over me
  • #1,319
  • Apr 22, 2022 6:09am Apr 22, 2022 6:09am
Quoting Brixen
{quote} 215 for DAX CFDs right now and 230 zone for FDXS I'm buying several positions
Anyway it's clear they want stop any rebound, as every rise has been heavily sold since yd 15:30CET.

So unless a decent and solid US Indices recover later today, all long positions have to wait at least next week to see a decent reward, imho.
So probably it's a question of time and not price ...for now.

So'I'm hoping the best but expecting the worst in short term scenario, specially after 300 zone breakdown, confirmed by 250 zone resistance....at least for now.
I call upon my father's spirit , watching over me
  • #1,320
  • Apr 22, 2022 6:11am Apr 22, 2022 6:11am
This doesn't look as though it is going to bounce this week. Nasty price action. Would you say 14000 on down scenario?
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