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DAX Futures June 2022

  • #1,581
  • Apr 27, 2022 1:42am Apr 27, 2022 1:42am
Quoting Brixen
{quote} +110 p DAX CFD=+22 pips FDXM I have now 2 FDXM short 785,5
757 closed now 1 short for + 28,5 pips FDXM
I call upon my father's spirit , watching over me
  • #1,582
  • Apr 27, 2022 1:45am Apr 27, 2022 1:45am
Quoting Brixen
{quote} +86 p x 5 DAX CFD=+430 p DAX CFD=+86 pips FDXM +39 p DAX CFD=+8 pips FDXM -712 p x 3 DAX CFD=-2136 p DAX CFD=-427 pips FDXM -624 p DAX CFD=-125 pips FDXM -535 p DAX CFD=-107 pips FDXM It's a bloodbath, but current week gains reduced to close to zero actual losses...
I think you did the right thing. I'd have done it a lot earlier tough.
Perhaps think about it as simple averaging over multiple days.
Like when you cut your position in half around the break-even point to lower your exposure.
Except today you did it over multiple days and over multiple positions.
Helps digest the loss easier and keep the mind clear and sharp.
Wealth is not built in a day.
  • #1,583
  • Apr 27, 2022 1:47am Apr 27, 2022 1:47am
I have now only short, FDXM 785,5.
above 700 zone, my target, so this way I could have zero losses on current week.
I will have my 1st day in red after so many weeks, years, but this is part of the game I have to accept it and maybe will push me to avoid some stupid mistakes.
I call upon my father's spirit , watching over me
  • #1,584
  • Apr 27, 2022 1:54am Apr 27, 2022 1:54am
Quoting Nicy
{quote} I think you did the right thing. I'd have done it a lot earlier tough. Perhaps think about it as simple averaging over multiple days. Like when you cut your position in half around the break-even point to lower your exposure. Except today you did it over multiple days and over multiple positions. Helps digest the loss easier and keep the mind clear and sharp.
Monday official close and yd 8CET were 2 crucial moments for my positions, as I have loaded tons of DAX CFDs + FDXS at monday official close (13920) and yd 8CET (14150 zone) they were in strong gains to mitigate even all positions I had last week.
I had for a while the chance and I exploited only in small part.

This is not to complain or to regret, it's only to underline that sometimes or often, minor waves of a strong trend market move give us a chance to erase our (mine) mistakes.
I call upon my father's spirit , watching over me
  • #1,585
  • Apr 27, 2022 1:56am Apr 27, 2022 1:56am
Quoting Brixen
I have now only short, FDXM 785,5. above 700 zone, my target, so this way I could have zero losses on current week. I will have my 1st day in red after so many weeks, years, but this is part of the game I have to accept it and maybe will push me to avoid some stupid mistakes.
Taking losses is healty. But beware of the dead cat bounce. My targets would be 670 down and 900 up. Quite a large range.
Wealth is not built in a day.
  • #1,586
  • Apr 27, 2022 2:02am Apr 27, 2022 2:02am
Quoting Brixen
I have now only short, FDXM 785,5. above 700 zone, my target, so this way I could have zero losses on current week. I will have my 1st day in red after so many weeks, years, but this is part of the game I have to accept it and maybe will push me to avoid some stupid mistakes.
770 closed now last short
I call upon my father's spirit , watching over me
  • #1,587
  • Apr 27, 2022 2:04am Apr 27, 2022 2:04am
Quoting Nicy
{quote} Taking losses is healty. But beware of the dead cat bounce. My targets would be 670 down and 900 up. Quite a large range.
yes, roughly what MAESTRO LEO said yd ......13975 till 13682 and vice versa
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I call upon my father's spirit , watching over me
  • #1,588
  • Apr 27, 2022 2:11am Apr 27, 2022 2:11am
DAX CASH INDEX is holding yd official lows at 13749...at least for now, a trap for longs, a potential double bottom, or usual tricks they used to do?
who knows,,,we'll see.
I call upon my father's spirit , watching over me
  • #1,589
  • Apr 27, 2022 2:11am Apr 27, 2022 2:11am
Quoting Brixen
{quote} I'm not an expert, I'm only an intraday trader....unfortunately multiday trader these days. I can only say: Germany is extremely sensible to any developments in Ukraine/Russia war as it depends on gas and oil from Russia Natural gas increase almost 10% last 24 hours today developments with UK/Russia tough words amplify and worsen the overall situation technically some traders, maybe some Institutional too, thought yd was a double bottom on DAX, so many longs were stopped +violent sell off many long/mid term positions wait for May dividends,...
That's great thanks for your thoughts
  • #1,590
  • Apr 27, 2022 2:14am Apr 27, 2022 2:14am
Quoting Brixen
{quote} yes, roughly what MAESTRO LEO said yd ......13975 till 13682 and vice versa {image}
I look at the maestro levels, always respected by the horse. For daily indications however I use a more automated method and it's good when those levels agree with Fibo's. To avoid being trapped, I try to be on the side of the trend, with small deviations. Forces me to take earlier losses. I'd use your method when the market is normal, but not on liquidation days like the last we had. Too dangerous in my opinion.
But, as they say, to each its own.
Wealth is not built in a day.
  • #1,591
  • Apr 27, 2022 2:17am Apr 27, 2022 2:17am
Quoting kilopip
{quote} That's great thanks for your thoughts
Always a pleasure to have you here, as we talked together since long time ago.
see you here whenever you wish!
I call upon my father's spirit , watching over me
  • #1,592
  • Apr 27, 2022 2:21am Apr 27, 2022 2:21am
Quoting Nicy
{quote} I look at the maestro levels, always respected by the horse. For daily indications however I use a more automated method and it's good when those levels agree with Fibo's. To avoid being trapped, I try to be on the side of the trend, with small deviations. Forces me to take earlier losses. I'd use your method when the market is normal, but not on liquidation days like the last we had. Too dangerous in my opinion. But, as they say, to each its own.
Yes, I agree in principale, thats why I used as refers MAESTRO levels on mid term scenario.

For the intraday I look at early morning chart I posted every day.

Anyway when we have these violent moves , with this magnitude, it's wise to see the mid term picture, imho.
I call upon my father's spirit , watching over me
  • #1,593
  • Apr 27, 2022 2:22am Apr 27, 2022 2:22am
666 just bought 6 DAX CFD
I call upon my father's spirit , watching over me
  • #1,594
  • Apr 27, 2022 2:23am Apr 27, 2022 2:23am
Quoting Brixen
{quote} Always a pleasure to have you here, as we talked together since long time ago. see you here whenever you wish!
Thank you Brixen, I'm back in the game so you might see me more often
  • #1,595
  • Apr 27, 2022 2:26am Apr 27, 2022 2:26am
Quoting Brixen
666 just bought 6 DAX CFD
620 zone added 3 positions now
I call upon my father's spirit , watching over me
  • #1,596
  • Apr 27, 2022 2:28am Apr 27, 2022 2:28am
Quoting Brixen
{quote} 620 zone added 3 positions now
590 zone now added 5 positions
I call upon my father's spirit , watching over me
  • #1,597
  • Apr 27, 2022 2:30am Apr 27, 2022 2:30am
Quoting Brixen
{quote} 590 zone now added 5 positions
565 added 5 positions again now
I call upon my father's spirit , watching over me
  • #1,598
  • Apr 27, 2022 2:32am Apr 27, 2022 2:32am
I have 19 DAX CFD bought today 613 average
I call upon my father's spirit , watching over me
  • #1,599
  • Apr 27, 2022 2:38am Apr 27, 2022 2:38am
Quoting Brixen
I have 19 DAX CFD bought today 613 average
637 now reduced from 19 to 6 my today DAX CFD
I call upon my father's spirit , watching over me
  • #1,600
  • Apr 27, 2022 2:39am Apr 27, 2022 2:39am
Quoting Brixen
{quote} 637 now reduced from 19 to 6 my today DAX CFD
+24 p x 13 DAX CFD=+312 p DAX CFD=+62,5 pips FDXM
I call upon my father's spirit , watching over me
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