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DAX Futures June 2022

  • #3,081
  • Jun 8, 2022 3:35am Jun 8, 2022 3:35am
Quoting Brixen
{quote} I have now: 7 DAX CFD 526,5 1 FDXM SEPT 557,5 1 FDXM SEPT 517 1 FDXM SEPT 491
527 now closed 6 DAX CFD 526,5
I call upon my father's spirit , watching over me
  • #3,082
  • Jun 8, 2022 3:39am Jun 8, 2022 3:39am
Quoting Brixen
{quote} 521 now closed 2 DAX CFD 490
+31 p x 2 DAX CFD=+62 p DAX CFD=+12,5 pips FDXM

I hold now:
1 DAX CFD 526,5
1 DAX CFD 490
3 FDXM SEPTEMBER (557,5 + 517+491) but they are impossible to trade today......no volumes, high spread, usual problems on 1st rollover week

Only FESX SEPT (Estoxx future) and FDAX SEPT are showing signs of life .........
I call upon my father's spirit , watching over me
  • #3,083
  • Jun 8, 2022 3:55am Jun 8, 2022 3:55am
Quoting Brixen
{quote} +31 p x 2 DAX CFD=+62 p DAX CFD=+12,5 pips FDXM I hold now: 1 DAX CFD 526,5 1 DAX CFD 490 3 FDXM SEPTEMBER (557,5 + 517+491) but they are impossible to trade today......no volumes, high spread, usual problems on 1st rollover week Only FESX SEPT (Estoxx future) and FDAX SEPT are showing signs of life .........
532 closed 1 DAX CFD 526,5, I remain with only 1 DAX CFD 490.
I call upon my father's spirit , watching over me
  • #3,084
  • Jun 8, 2022 4:02am Jun 8, 2022 4:02am
Quoting Brixen
{quote} Your points are absolutely right, but after all I would tell you that people bought stocks and Indices at mid March after 1 st Covid wave in full worlwide panic or just after Russia invasion in full pre nuclear war, made billions, millions and so on.........but the rest of the investors have to take the crumbs, isnt it?
Absolutely right. I'm buying too. Just not expecting a miracle by the year end. What we're dealing now is not an exogenous, unexpected shock to the system which can be reverted by pure brute force (i.e. money stimulus or algo fixing).
We have a more systemic issue to tackle and it will take time. Perhaps more than anybody wants to admit.
And JPM needs investors to stay put and increase their spending. That is their agenda.
My agenda is to use my own judgement which has not failed me (yet).
But the markets do anticipate, so I have to be aware of that as well.
Yet, I'm tapping my feed in the cold water a lot slower than I did in the last two occasions.
Wealth is not built in a day.
  • #3,085
  • Jun 8, 2022 4:03am Jun 8, 2022 4:03am
I'll back after 13/14CET.
Lethargic trade is going on in Europe, while my 3 FDXM SEPT are lost in an untradable market.....but it will dramatically change next week!

I leave some DAX CFDs additionals specially below and well below 500 zone for a possible retest yd lows.
I call upon my father's spirit , watching over me
  • #3,086
  • Jun 8, 2022 4:07am Jun 8, 2022 4:07am
Quoting Nicy
{quote} Absolutely right. I'm buying too. Just not expecting a miracle by the year end. What we're dealing now is not an exogenous, unexpected shock to the system which can be reverted by pure brute force (i.e. money stimulus or algo fixing). We have a more systemic issue to tackle and it will take time. Perhaps more than anybody wants to admit. And JPM needs investors to stay put and increase their spending. That is their agenda. My agenda is to use my own judgement which has not failed me (yet). But the markets do anticipate, so I have to be aware...
and ironically while JPMORGAN boss is spreading panic as he see an hurricane coming, his market strategist see a good opportunity.......

Anyway Nicy I'm only an intraday trader survived after all these years, what else I could say......
I call upon my father's spirit , watching over me
  • #3,087
  • Jun 8, 2022 4:34am Jun 8, 2022 4:34am
Quoting Brixen
{quote} and ironically while JPMORGAN boss is spreading panic as he see an hurricane coming, his market strategist see a good opportunity....... Anyway Nicy I'm only an intraday trader survived after all these years, what else I could say......
You're doing well my friend. Where the market is and what it does, is of no concern to you, as long as it moves a little
I'm resisting the idea of selling everything and doing the same. I don't have the nerves of steel that are required, so I'm trading is a more relaxed way, learning along your side.
Wealth is not built in a day.
  • #3,088
  • Jun 8, 2022 5:00am Jun 8, 2022 5:00am
GM and yes, as long as the markets move we have a good chance of hitting our targets - 100 pts / lot in the first two hours from XO is ours.

Today, unlike yesterday, that happended
Attached Image (click to enlarge)
Click to Enlarge Name: jne8 dax m1 0915.png Size: 37 KB
Trading Levels with WRBs
  • #3,089
  • Jun 8, 2022 5:11am Jun 8, 2022 5:11am
Quoting Islander
GM and yes, as long as the markets move we have a good chance of hitting our targets - 100 pts / lot in the first two hours from XO is ours. Today, unlike yesterday, that happended {image}
Islander, I've been wanting to ask for some time now: How much of that move did you actually capture?
I'd say it would've been "foolish" to enter immediately on your marks as, most often than not, the first move is contrarian, hence any entry at open requires a confirmation. But there was no confirmation today and the first move was right. So either one knew in advance how the orders were positioned for the MM or missed most of the move (like I did). I know because I was looking it in real time and while knowing that the move was probably down and probably right the confidence level of that "probably" was quite low and I was forced to miss.
I'd appreciate your comment / view on this matter.
Thank you.
Wealth is not built in a day.
  • #3,090
  • Jun 8, 2022 5:59am Jun 8, 2022 5:59am
Quoting Nicy
{quote} Islander, I've been wanting to ask for some time now: How much of that move did you actually capture? I'd say it would've been "foolish" to enter immediately on your marks as, most often than not, the first move is contrarian, hence any entry at open requires a confirmation. But there was no confirmation today and the first move was right. So either one knew in advance how the orders were positioned for the MM or missed most of the move (like I did). I know because I was looking it in real time and while knowing that the move was probably...

Whilst I agree that both Dax & Nas "often" have an initial fake-out (contrarian) moves at XO & NYO both can & do sometimes make a substantial swing right from the open.

Today, the lower highs since since the middle of the hour before XO together with similar action in Nas "suggested" to us that the high PROBABILITY was that Dax would fall on or around XO.

However, its always advisable to be prepared for the opposite to happen, hence a Buy Stop (level) was also in place.

The attached S20 chart which we use at this time of the day shows the action more clearly and we have a set of clear Trading Rules to follow.

In these, taking note of Wide Ranged Bodies, as defined by the blue ATR levels, especially around "levels" are of great importance
,
Regards



The Sell got hit and the low probabilty Buy did not.
Attached Image (click to enlarge)
Click to Enlarge Name: jne8 dax s20 XO.png Size: 30 KB
Trading Levels with WRBs
  • #3,091
  • Jun 8, 2022 6:05am Jun 8, 2022 6:05am
Quoting Islander
{quote} Whilst I agree that both Dax & Nas "often" have an initial fake-out (contrarian) moves at XO & NYO both can & do sometimes make a substantial swing right from the open. Today, the lower highs since since the middle of the hour before XO together with similar action in Nas "suggested" to us that the high PROBABILITY was that Dax would fall on or around XO. However, its always advisable to be prepared for the opposite to happen, hence a Buy Stop (level) was also in place. The attached S20 chart which we use at this time of the day shows the...
Can I ask what is XO ?
  • #3,092
  • Jun 8, 2022 6:42am Jun 8, 2022 6:42am
Quoting kilopip
{quote} Can I ask what is XO ?
eXtra Open is the opening of main Cash Market in the Dax 40 in Frankfurt, which is Open from 09:00 CET until 17:35 CET.

All other prices are based on Futures Prices & / or brokers prices which are generally following the US Futures prices.

All explained by Brixen many times already
Trading Levels with WRBs
  • #3,093
  • Jun 8, 2022 6:47am Jun 8, 2022 6:47am
Quoting Islander
{quote} eXtra Open is the opening of main Cash Market in the Dax 40 in Frankfurt, which is Open from 09:00 CET until 17:35 CET. All other prices are based on Futures Prices & / or brokers prices which are generally following the US Futures prices. All explained by Brixen many times already
ok, thanks . I though XO was something else but it's a regular cash open Thanks for clarifying

All explained by Brixen many times already So true
  • #3,094
  • Jun 8, 2022 7:33am Jun 8, 2022 7:33am
Quoting Islander
{quote} Whilst I agree that both Dax & Nas "often" have an initial fake-out (contrarian) moves at XO & NYO both can & do sometimes make a substantial swing right from the open. Today, the lower highs since since the middle of the hour before XO together with similar action in Nas "suggested" to us that the high PROBABILITY was that Dax would fall on or around XO. However, its always advisable to be prepared for the opposite to happen, hence a Buy Stop (level) was also in place. The attached S20 chart which we use at this time of the day shows the...
Thank you very much for clarifying. I'll do some homework (statistics/plots) to see if I understand correctly.
Wealth is not built in a day.
  • #3,095
  • Jun 8, 2022 7:33am Jun 8, 2022 7:33am
Quoting Nicy
{quote} Islander, I've been wanting to ask for some time now: How much of that move did you actually capture? I'd say it would've been "foolish" to enter immediately on your marks as, most often than not, the first move is contrarian, hence any entry at open requires a confirmation. But there was no confirmation today and the first move was right. So either one knew in advance how the orders were positioned for the MM or missed most of the move (like I did). I know because I was looking it in real time and while knowing that the move was probably...
Apologies for butting in here, but your question puzzles me a bit. To me that was a simple ABCD pattern at the open (or 1-2-3 if you like) - confirmation was there already. As as to waiting for confirmation....well, that's cost me many good trades. These days I just take setups.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-06-08 at 13.27.02.png Size: 39 KB
  • #3,096
  • Jun 8, 2022 7:49am Jun 8, 2022 7:49am
Quoting medici
{quote} Apologies for butting in here, but your question puzzles me a bit. To me that was a simple ABCD pattern at the open (or 1-2-3 if you like) - confirmation was there already. As as to waiting for confirmation....well, that's cost me many good trades. These days I just take setups. {image}
Interesting way of choosing the anchors of the ABC pattern.
To me, the market was quite neutral until XO. Tight range, quiet moves. The storm after was unexpected (for me).

The attached graph is what I'd be thinking in real time. A break down of the triangle. A break down of the previous low and a failure to reenter the triangle signalling a continuation. Perhaps a 8:02 I should've shorted around 590 also because the 600 BRN is a psychological barrier and the indecision candle at 8:01 was resolved downwards. On the opposite side I'd see a 605 reversal trade and final confirmation above 615-620. But it seems too tight for a XO hour. Only 20-25 points range for making decisions. I stayed put instead.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 41 KB
Wealth is not built in a day.
  • #3,097
  • Jun 8, 2022 8:06am Jun 8, 2022 8:06am
Quoting Nicy
{quote} Interesting way of choosing the anchors of the ABC pattern. To me, the market was quite neutral until XO. Tight range, quiet moves. The storm after was unexpected (for me). The attached graph is what I'd be thinking in real time. A break down of the triangle. A break down of the previous low and a failure to reenter the triangle signalling a continuation. Perhaps a 8:02 I should've shorted around 590 also because the 600 BRN is a psychological barrier and the indecision candle at 8:01 was resolved downwards. On the opposite side I'd see...
The ABC pattern was as per my rules. Initial impulse down, EMAs cross, pullback to slower EMA - what more is there to ask for?

I used to mix analysis and trading too, but it really isn't helping. These days I take a look at the longer term charts for a clue to direction.

There was a H&S pattern on the hourly making a downward move very likely.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-06-08 at 14.04.55.png Size: 16 KB
  • #3,098
  • Edited 11:36am Jun 8, 2022 8:09am | Edited 11:36am
Quoting medici
{quote} Apologies for butting in here, but your question puzzles me a bit. To me that was a simple ABCD pattern at the open (or 1-2-3 if you like) - confirmation was there already. As as to waiting for confirmation....well, that's cost me many good trades. These days I just take setups. {image}
No problem, it's a pleasure to have your charts here!
I call upon my father's spirit , watching over me
  • #3,099
  • Jun 8, 2022 8:10am Jun 8, 2022 8:10am
Quoting Brixen
I'll back after 13/14CET. Lethargic trade is going on in Europe, while my 3 FDXM SEPT are lost in an untradable market.....but it will dramatically change next week! I leave some DAX CFDs additionals specially below and well below 500 zone for a possible retest yd lows.
420 zoen added 7 DAX CFD to my last DAX CFD 490.
Bought 2 FDXM too same zone.
I call upon my father's spirit , watching over me
  • #3,100
  • Jun 8, 2022 8:14am Jun 8, 2022 8:14am
Quoting Brixen
{quote} 420 zoen added 7 DAX CFD to my last DAX CFD 490. Bought 2 FDXM too same zone.
I'm on the road.....cant post and trade same time whiel driving, but I'll do my best.
Anyway I can wait until mid September expiration futures.....
I call upon my father's spirit , watching over me
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