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Attachments: DAX Futures June 2022
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DAX Futures June 2022

  • #3,121
  • Jun 8, 2022 12:42pm Jun 8, 2022 12:42pm
362 forced to buy 2 FDXM JUNE now. target 380/39..zone
I call upon my father's spirit , watching over me
  • #3,122
  • Jun 8, 2022 1:52pm Jun 8, 2022 1:52pm
Quoting Brixen
362 forced to buy 2 FDXM JUNE now. target 380/39..zone
377 closed 1 FDXM 362 now for+15 pips FDXM
Stop at be for 2nd FDXM JUNE
I call upon my father's spirit , watching over me
  • #3,123
  • Jun 8, 2022 1:55pm Jun 8, 2022 1:55pm
I have now:
1 DAX CFD 394
4 FDXM SEPT 441
1 FDXM JUNE 362
I call upon my father's spirit , watching over me
  • #3,124
  • Jun 8, 2022 2:03pm Jun 8, 2022 2:03pm
There is some RSI divergence at these lows but I can't see it moving much upwards until tomorrow onwards.
  • #3,125
  • Jun 8, 2022 2:03pm Jun 8, 2022 2:03pm
Quoting Brixen
I have now: 1 DAX CFD 394 4 FDXM SEPT 441 1 FDXM JUNE 362
I probably made a mistake trading SEPTEMBER futures so early.
The usual ups and downs, minor and major waves surfed by DAX has almost no impact on next expiration, for now.

Then for instance FDXM SEPT total volumes were 432 vs 32555 volumes of FDXM JUNE. Spread then is enormous compared to usual 1,2 pts of current FDXM.

On the other perspective I'm not forced to close positions the days before 17th June, as expiration is due mid September, but my trading style had almost no impact on these new babies.
OK, this will be a new lesson to learn for me, as everyday ther's spmething to learn here!
I call upon my father's spirit , watching over me
  • #3,126
  • Jun 8, 2022 2:06pm Jun 8, 2022 2:06pm
Quoting Steamroller
There is some RSI divergence at these lows but I can't see it moving much upwards until tomorrow onwards.
Game over for today Steamroller (at least for European indices) and I had even some good chances at the official close 17:35CET.........luckily got it for JUNE Futures and unfortunately only for 1 SEPT futures.
I call upon my father's spirit , watching over me
  • #3,127
  • Jun 8, 2022 2:25pm Jun 8, 2022 2:25pm
Quoting Brixen
I have now: 1 DAX CFD 394 4 FDXM SEPT 441 1 FDXM JUNE 362
392 closed now last FDXM JUNE for+30 pips FDXM
369 closed now 1 FDXM SEPT for -72 pips FDXM
I call upon my father's spirit , watching over me
  • #3,128
  • Jun 8, 2022 2:27pm Jun 8, 2022 2:27pm
Quoting Brixen
I have now: 1 DAX CFD 394 4 FDXM SEPT 441 1 FDXM JUNE 362
398 closed now last DAX CFD 394
I call upon my father's spirit , watching over me
  • #3,129
  • Jun 8, 2022 2:33pm Jun 8, 2022 2:33pm
Done my day:12,5+36-8+56+55+80-89+4,5+15+30-72+1=TOTAL +125 pips FDXM.
I hold for tomorrow 3 FDXM SEPT 14441.

Usually Madame Lagarde is a sell.off specialist, we'll see tomorrow if she will confirm her terrible role......or not!
Attached Image (click to enlarge)
Click to Enlarge Name: lagarde1.PNG Size: 138 KB
I call upon my father's spirit , watching over me
  • #3,130
  • Jun 9, 2022 1:29am Jun 9, 2022 1:29am
I'm trapped with these new 3 FDXM SEPTEMBER almost imposssible to trade with my current trading style, due to lack of volumes and big spread on next expiration.
SEPTEMBER futures will become main front contract in Europe only on friday 17th abd then they will expire on September 16th, so I have time....

For today DAX will try to recover only if prices will stay above 14350 zone, otherwise another sell off is in the cards, specially with Lagarde in sight.
Anyway 410/390 will become resistance if 350 will hold, and then 450, 500 zone, but for now it seems only a wishful thinking.

On downside, 14220/250 zone , was in the past strong resistance and now it could act as decent support, maybe I will buy something around there...we'll see.

Next hours/next days I will start my 33th journal here as I dont trade anymore DAX Futures JUNE, but for now I keep writing on this one.
No trades for me for now. Keep holding my 3 positions.
I call upon my father's spirit , watching over me
  • #3,131
  • Jun 9, 2022 1:50am Jun 9, 2022 1:50am
Quoting Brixen
{quote} I probably made a mistake trading SEPTEMBER futures so early. The usual ups and downs, minor and major waves surfed by DAX has almost no impact on next expiration, for now....
I agree. The FDXS is so thin. The FDXM is just a little better. When compared to the ES the difference is huge. So, given that my broker(s) allow me to trade to the last second, and even expire a contract and take it to liquidation in my own account(s) I don't bother with the new expiration contract until the volumes on it are higher than the old one. And, it's really easy to switch over and carry the PNL from the previous contract when necessary. Yes, there are some margin issues but unless you've eaten up most of it that is not relevant.
Wealth is not built in a day.
  • #3,132
  • Jun 9, 2022 1:58am Jun 9, 2022 1:58am
Quoting Brixen
Done my day:12,5+36-8+56+55+80-89+4,5+15+30-72+1=TOTAL +125 pips FDXM. I hold for tomorrow 3 FDXM SEPT 14441. Usually Madame Lagarde is a sell.off specialist, we'll see tomorrow if she will confirm her terrible role......or not!{image}
If you think the US is slow in raising rates, don't look at EU. I can't believe they're going to let an 8+ inflation run uncontrolled. All because EU so so much indebted that any raise in rates will kill the PIGS economies. It will also hurt everybody else unfortunately. Poor EU, I don't see a solution.
Wealth is not built in a day.
  • #3,133
  • Jun 9, 2022 2:09am Jun 9, 2022 2:09am
Quoting Nicy
{quote}I agree. The FDXS is so thin. The FDXM is just a little better. When compared to the ES the difference is huge. So, given that my broker(s) allow me to trade to the last second, and even expire a contract and take it to liquidation in my own account(s) I don't bother with the new expiration contract until the volumes on it are higher than the old one. And, it's really easy to switch over and carry the PNL from the previous contract when necessary. Yes, there are some margin issues but unless you've eaten up most of it that is not relevant....
I always had problems during rollover weeks. And many times, many Quarters, I even stopped to trade for these 2 weeks.
The only solution on my current trading style is to trade only DAX CFds for 2 rollover weeks, but without my futures bullets it's the same to go to a war without bazookas.....

Anyway I will buy some DAX CFDs starting slight above 300 zone until 220 zone, what else I could do......until next week!
I call upon my father's spirit , watching over me
  • #3,134
  • Jun 9, 2022 2:14am Jun 9, 2022 2:14am
Quoting Nicy
{quote} If you think the US is slow in raising rates, don't look at EU. I can't believe they're going to let an 8+ inflation run uncontrolled. All because EU so so much indebted that any raise in rates will kill the PIGS economies. It will also hurt everybody else unfortunately. Poor EU, I don't see a solution.
Yes, poor EU, but on the other hand I see so many people travelling, tourists all around, train and flights all full, restaurants, bars and beaches full of people till late night.....SUV and luxury cars in every corner, I dont know...
I met people from all over Europe, East Europe included, since early May, so well before usual summer season. So in the end is it so poor Europe? I dont know....
I call upon my father's spirit , watching over me
  • #3,135
  • Jun 9, 2022 2:41am Jun 9, 2022 2:41am
Quoting Brixen
{quote} Yes, poor EU, but on the other hand I see so many people travelling, tourists all around, train and flights all full, restaurants, bars and beaches full of people till late night.....SUV and luxury cars in every corner, I dont know... I met people from all over Europe, East Europe included, since early May, so well before usual summer season. So in the end is it so poor Europe? I dont know....
Yes, this is a common narrative. It takes only a couple millions traveling to give that impression
It takes very few millions per nation to fill up the highways and the common tourist spots and cities on a given weekend. Yet, you need to take into account the hidden majority that don't travel, have a non fixed, low paying job and/or live on a pension. Those who have a mortgage and can't afford to go out for dinner. And those youngsters that can't find a job because they're underqualified (poor schools and short sighted politics) or plain brain-damaged due to too much social media brain-washing.

And on those who appear well, you have to check how they do it. You'd probably find quite a relevant percentage of them with a mortgage on the house, a car bought on a lease and an iphone taken in 30 month installments from their network operator.

So, this endless living on a lease is a reason for many choices, rich countries included.
Wealth is not built in a day.
  • #3,136
  • Jun 9, 2022 2:56am Jun 9, 2022 2:56am
Quoting Brixen
{quote} I always had problems during rollover weeks. And many times, many Quarters, I even stopped to trade for these 2 weeks. The only solution on my current trading style is to trade only DAX CFds for 2 rollover weeks, but without my futures bullets it's the same to go to a war without bazookas..... Anyway I will buy some DAX CFDs starting slight above 300 zone until 220 zone, what else I could do......until next week!
336 now I'm closing 7 DAX CFD bought 280/300 zone (9 in total)
Closed also 1 FDXM SEPT at 310 now
I call upon my father's spirit , watching over me
  • #3,137
  • Jun 9, 2022 2:59am Jun 9, 2022 2:59am
Quoting Brixen
{quote} 336 now I'm closing 7 DAX CFD bought 280/300 zone (9 in total) Closed also 1 FDXM SEPT at 310 now
+40 p x 7 DAX CFDs=+280 p DAX CFD=+56 pips FDXM and -131 pips FDXM

I have now 2 DAX CFD 296 + 2 FDXM sept 441.

Tons of DAX CFDs buy orders waiting from 28..until 190/210 zone. and forced to shot also some FDXM JUNE order + 2 FDAX SEPT well below 300 zone
I call upon my father's spirit , watching over me
  • #3,138
  • Jun 9, 2022 3:01am Jun 9, 2022 3:01am
Quoting Nicy
{quote} Yes, this is a common narrative. It takes only a couple millions traveling to give that impression It takes very few millions per nation to fill up the highways and the common tourist spots and cities on a given weekend. Yet, you need to take into account the hidden majority that don't travel, have a non fixed, low paying job and/or live on a pension. Those who have a mortgage and can't afford to go out for dinner. And those youngsters that can't find a job because they're underqualified (poor schools and short sighted politics) or plain...
Yes, probably a good explanation......it seems you work or worked for an Economic Institute/Organisation...good point!
Thanks for your insights.

see you after midday.
I call upon my father's spirit , watching over me
  • #3,139
  • Jun 9, 2022 4:05am Jun 9, 2022 4:05am
UPDATE right now:

358 now closed 1 FDXM SEPT bought 307 + 1 FDXM 441
Closed also 1 DAX CFD 296 now at 386

Attached Image (click to enlarge)
Click to Enlarge Name: fdxm307.PNG Size: 10 KB
At 307 was filled also 1 FDXM JUNE buy order, it was a mistake as I thought it was SEPT future....anyway I hold for now
I call upon my father's spirit , watching over me
  • #3,140
  • Jun 9, 2022 4:09am Jun 9, 2022 4:09am
Quoting Brixen
UPDATE right now: 358 now closed 1 FDXM SEPT bought 307 + 1 FDXM 441 Closed also 1 DAX CFD 296 now at 386 {image}At 307 was filled also 1 FDXM JUNE buy order, it was a mistake as I thought it was SEPT future....anyway I hold for now
+51 pips FDXM and -83 pips FDXM
+100 p DAX CFD=+20 pips FDXM

I have now:
1 FDXM SEPT 441
1 FDXM JUNE 307
1 DAX CFD 296

-87 pips FDXM lost so far today, but the day it's not over yet.......
I call upon my father's spirit , watching over me
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