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DAX Futures June 2022

  • #3,221
  • Jun 10, 2022 3:02am Jun 10, 2022 3:02am
Quoting Brixen
{quote} 976 added 2 positions now
I have 8 DAX CFD 14007 + 1 FDXM SEPT 115 (a sleeping one)
I call upon my father's spirit , watching over me
  • #3,222
  • Jun 10, 2022 3:07am Jun 10, 2022 3:07am
Quoting Brixen
{quote} I have 8 DAX CFD 14007 + 1 FDXM SEPT 115 (a sleeping one)
around/above entry price I will scale out some psoitions and then below and well below 14k I will add something more , until sell pressure will rest...for a while

I'll back in a couple hours. I will made some trades on the run....
I call upon my father's spirit , watching over me
  • #3,223
  • Jun 10, 2022 3:35am Jun 10, 2022 3:35am
Is this what sharing off weak hands is ? I'm barely holding to my three longs (mistakes).Should have not play them naked.
What does crystal ball says (joking)? Iyho is there any optimism to get back to 14080-14100 ?
  • #3,224
  • Jun 10, 2022 3:49am Jun 10, 2022 3:49am
Quoting kilopip
Is this what sharing off weak hands is ? I'm barely holding to my three longs (mistakes).Should have not play them naked. What does crystal ball says (joking)? Iyho is there any optimism to get back to 14080-14100 ?
Well, this is moderate shaking, in reality. The dax can do 400-500 points in one direction easily on bad days. Around covid times we saw 1000-1200 point days too.
A word of advise: Do not follow Brixen in his moves. He's an incredibly skilled trader. He'll nail tops/bottoms and will time his entry/exits with a fabulous precision. You have no chance in replicating his trades. Just plot his entry/exists today and yesterday on a chart and you'll see.
So, take your loss as a lesson and decide whether to hold or not. We could be higher by next friday or we could not be as nobody has a crystal ball. My view here is that 900, 850 and 800 are good round numbers which are possible *today*. The previous two day ranges support an expansion down to 800. But we also have a very important macroeconomic number coming up: the CPI. This alone can tell you that a volatility expansion can happen very quickly and easily, warranting even lower prices. We still have the whole US session to trade. I don't want to scare you, off course. We might get a small retracement by lunch time into the CPI number. This happens because MM do not want to be caught at the edge of the daily range, unless they have clear visibility of what is next. If they don't, they'll probably pull up a little so to have some room in either direction. How much? We don't know. It depends on the MM current inventory and their forecasts. But 100 point retracement from current levels is the almost the whole daily range and that is not so likely. HTH
Wealth is not built in a day.
  • #3,225
  • Jun 10, 2022 4:11am Jun 10, 2022 4:11am
Quoting Nicy
{quote} Well, this is moderate shaking, in reality. The dax can do 400-500 points in one direction easily on bad days. Around covid times we saw 1000-1200 point days too. A word of advise: Do not follow Brixen in his moves. He's an incredibly skilled trader. He'll nail tops/bottoms and will time his entry/exits with a fabulous precision. You have no chance in replicating his trades. Just plot his entry/exists today and yesterday on a chart and you'll see. So, take your loss as a lesson and decide whether to hold or not. We could be higher by next...
Thanks for your insight! I also like to watch open and close prices of previous sessions. If you draw lines around every Frankfurt/London/NY open and close you will see that these levels are sometimes very precisely tested and can act as good S/R zones. For example today`s London open is not tested yet as well as yesterday`s close around 14190 (the gap Brixen talked about). Even levels around 14600 (Frankfurt and London open from 8th June) are not tested. On the other hand there are few levels on the downside which are not tested too. For example NY open from 25th May around 930 is not tested yet.

It is always a question of a time and money management is the key. When it will be tested? Which level will be tested first? We don`t know that. I just see that these levels can be a part of my whole view on these bigger moves and give me a bit more confidence. Hope this can help some people.
  • #3,226
  • Jun 10, 2022 4:40am Jun 10, 2022 4:40am
Quoting Nicy
{quote} Well, this is moderate shaking, in reality. The dax can do 400-500 points in one direction easily on bad days. Around covid times we saw 1000-1200 point days too. A word of advise: Do not follow Brixen in his moves. He's an incredibly skilled trader. He'll nail tops/bottoms and will time his entry/exits with a fabulous precision. You have no chance in replicating his trades. Just plot his entry/exists today and yesterday on a chart and you'll see. So, take your loss as a lesson and decide whether to hold or not. We could be higher by next...
Well, I try to develop my own trading sys. .Today, unfortunately I broke one of the rules which as almost always have the same consequences (less often these days)
Thank you for the feedback and for sharing your wisdom it's always beneficial for better understanding what is going with the 'wild horse'
  • #3,227
  • Jun 10, 2022 6:45am Jun 10, 2022 6:45am
Quoting Brixen
{quote} around/above entry price I will scale out some psoitions and then below and well below 14k I will add something more , until sell pressure will rest...for a while I'll back in a couple hours. I will made some trades on the run....
Just back home, I have now 5 DAX CFD 989, as soemthing was closed above and something was add below as previously idnicated.
I always have 1 FDXM SEPT115, but this will be my next week task, not for now.
Before US CPI data I will close a couple DAX CFD around/above current 14030 zone
I call upon my father's spirit , watching over me
  • #3,228
  • Jun 10, 2022 6:48am Jun 10, 2022 6:48am
Quoting Brixen
{quote} Just back home, I have now 5 DAX CFD 989, as soemthing was closed above and something was add below as previously idnicated. I always have 1 FDXM SEPT115, but this will be my next week task, not for now. Before US CPI data I will close a couple DAX CFD around/above current 14030 zone
14029 closed 2 positions for +40 p x 2 DAX CFD=+80 p DAX CFD=+16 pips FDXM
I call upon my father's spirit , watching over me
  • #3,229
  • Jun 10, 2022 6:56am Jun 10, 2022 6:56am
Quoting Nicy
{quote} Well, this is moderate shaking, in reality. The dax can do 400-500 points in one direction easily on bad days. Around covid times we saw 1000-1200 point days too. A word of advise: Do not follow Brixen in his moves. He's an incredibly skilled trader. He'll nail tops/bottoms and will time his entry/exits with a fabulous precision. You have no chance in replicating his trades. Just plot his entry/exists today and yesterday on a chart and you'll see. So, take your loss as a lesson and decide whether to hold or not. We could be higher by next...
Great post from you my friend. And this thread is going so well for the support, the help, and the posts of many traders here, many professional traders (me excluded, as I'm only a survivor here)! Thanks for your post and your words, itěs a privilege to have you here!
I call upon my father's spirit , watching over me
  • #3,230
  • Jun 10, 2022 7:19am Jun 10, 2022 7:19am
May I just ask , do you use order book to place your trades (they are so accurate) where you can see number of trades sitting and pending to be filled or do you use regular chart for reference ?
  • #3,231
  • Jun 10, 2022 7:26am Jun 10, 2022 7:26am
Quoting Brixen
{quote} 14029 closed 2 positions for +40 p x 2 DAX CFD=+80 p DAX CFD=+16 pips FDXM
14044 closed 2 positions DAX CFD again now just before the data
I call upon my father's spirit , watching over me
  • #3,232
  • Jun 10, 2022 7:27am Jun 10, 2022 7:27am
Quoting Brixen
{quote} 14044 closed 2 positions DAX CFD again now just before the data
+53 p x 2 DAX CFD=+106 p DAX CFD=+21 pips FDXM

I hold now 1 DAX CFD 989 + 1 FDXM SEPT 115.
I call upon my father's spirit , watching over me
  • #3,233
  • Jun 10, 2022 7:31am Jun 10, 2022 7:31am
Quoting Brixen
{quote} +53 p x 2 DAX CFD=+106 p DAX CFD=+21 pips FDXM I hold now 1 DAX CFD 989 + 1 FDXM SEPT 115.
927 just bought 1 FDXM SEPT and 1 DAX CFD 939
I call upon my father's spirit , watching over me
  • #3,234
  • Jun 10, 2022 7:33am Jun 10, 2022 7:33am
Quoting Brixen
{quote} 927 just bought 1 FDXM SEPT and 1 DAX CFD 939
I have now 2 FDXM SEPT 14021 + 2 DAX CFD 964
I call upon my father's spirit , watching over me
  • #3,235
  • Jun 10, 2022 7:37am Jun 10, 2022 7:37am
Quoting Brixen
{quote} I have now 2 FDXM SEPT 14021 + 2 DAX CFD 964
929 was fille too DAX CFD but not 919
I call upon my father's spirit , watching over me
  • #3,236
  • Jun 10, 2022 7:37am Jun 10, 2022 7:37am
Quoting Brixen
{quote} 929 was fille too DAX CFD but not 919
I have now 3 DAX CFD 952
I call upon my father's spirit , watching over me
  • #3,237
  • Jun 10, 2022 7:40am Jun 10, 2022 7:40am
Attached Image (click to enlarge)
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I call upon my father's spirit , watching over me
  • #3,238
  • Jun 10, 2022 7:42am Jun 10, 2022 7:42am
Quoting Brixen
{quote} I have now 3 DAX CFD 952
977 now closed 2 DAX CFD
I call upon my father's spirit , watching over me
  • #3,239
  • Jun 10, 2022 7:43am Jun 10, 2022 7:43am
Quoting Brixen
{quote} 977 now closed 2 DAX CFD
+25 p x 2 DAX CFD=+50 p DAX CFD=+10 pips FDXM

I have now only 1 DAX CFD 13952 + 2 FDXM SEPT 14021
I call upon my father's spirit , watching over me
  • #3,240
  • Jun 10, 2022 7:45am Jun 10, 2022 7:45am
Quoting Brixen
{quote} Great post from you my friend. And this thread is going so well for the support, the help, and the posts of many traders here, many professional traders (me excluded, as I'm only a survivor here)! Thanks for your post and your words, itěs a privilege to have you here!
Thank you Brixen. You're being too modest
We're going to have plenty of volatility until tonight. wish you luck!
Wealth is not built in a day.
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