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DAX Futures June 2022

  • #3,341
  • Jun 14, 2022 6:44am Jun 14, 2022 6:44am
Quoting Nicy
{quote} And after a short 40point bounce, we're now back to squaree 1: The yesterday lows, where I'm closing my last shorts. Now what. I'll wait for indication from US.
I call upon my father's spirit , watching over me
  • #3,342
  • Jun 14, 2022 6:47am Jun 14, 2022 6:47am
I have now:
4 FDXM SEPT 13835
3 FDXM SEPT 13349

as both FDXM 460 and 390 were stopped at be.

I'm adding now around 290 zone 1 FDXM before US PPI data.
I call upon my father's spirit , watching over me
  • #3,343
  • Jun 14, 2022 7:00am Jun 14, 2022 7:00am
Quoting Brixen
I have now: 4 FDXM SEPT 13835 3 FDXM SEPT 13349 as both FDXM 460 and 390 were stopped at be. I'm adding now around 290 zone 1 FDXM before US PPI data.
I have now 4 FDXM 13835 + 4 FDXM 13334, obviously SEPTEMBER DAX Futures.

It will be a 30 hours waiting game now, nerves are high and they will be higher next hours.
I call upon my father's spirit , watching over me
  • #3,344
  • Jun 14, 2022 7:05am Jun 14, 2022 7:05am
Quoting Brixen
{quote} I have now 4 FDXM 13835 + 4 FDXM 13334, obviously SEPTEMBER DAX Futures. It will be a 30 hours waiting game now, nerves are high and they will be higher next hours.
353 just closed 1 FDXM 334
I call upon my father's spirit , watching over me
  • #3,345
  • Jun 14, 2022 7:11am Jun 14, 2022 7:11am
Quoting Brixen
{quote} 353 just closed 1 FDXM 334
+19 pips FDXM

Today gains + yd gains + last week gains will be my parachute on worst scenario......
I call upon my father's spirit , watching over me
  • #3,346
  • Jun 14, 2022 7:14am Jun 14, 2022 7:14am
Regarding using the Sept vs June futures, I have a hard rule in place: Only trace the front contract. The front contract is the contract with more volume. It's simple. It usually have the smallest spreads too. I resolve problems with allocation/margin by having sufficient free margin. A June position in simply rolled forward to the next contract as time comes. I keep accounting the profit/loss in points so if I have a loss of say 100pts and I roll over a trade, I update my break-even accordingly 100pts below. Levels off course change as do other indicators I look for, but that is not relevant as I usually have several contracts open at any given time. Sometimes, I will consolidate a few FDXS contracts in FDXM contracts and more rarely into an FDAX. It's all mechanical, I don't have to think about it. I concentrate on levels and forecasting the general direction. The trades take care of themselves, whether I'm right or wrong.
Wealth is not built in a day.
  • #3,347
  • Jun 14, 2022 7:25am Jun 14, 2022 7:25am
Quoting Brixen
{quote} 353 just closed 1 FDXM 334
354 closed another FDXM 334 now for +20 pips FDXM

PPI data next minutes, but they will use every data for their rolover targets, they dont care anything else (Powell included)
I call upon my father's spirit , watching over me
  • #3,348
  • Jun 14, 2022 7:40am Jun 14, 2022 7:40am
Quoting Nicy
Regarding using the Sept vs June futures, I have a hard rule in place: Only trace the front contract. The front contract is the contract with more volume. It's simple. It usually have the smallest spreads too. I resolve problems with allocation/margin by having sufficient free margin. A June position in simply rolled forward to the next contract as time comes. I keep accounting the profit/loss in points so if I have a loss of say 100pts and I roll over a trade, I update my break-even accordingly 100pts below. Levels off course change as do other...

  1. I disagree with you on some point and I'm referring only to FDAX and FDXM (not FDXS)
  2. I'm not able to trade a future that next hours/next days will be automatically closed, so the possible close could be not a choice of mine, but external.
  3. Regarding spread you're right, but last days even FDXM SEPT had a decent spread (FDAX SEPT even the same of JUNE), and in the end with these wide daily ranges, is it really so important the spread these days Nicy?
  4. It's my only my personal point of view, I respect your, and I hope both we could keep gaining in this crazy circus!

I call upon my father's spirit , watching over me
  • #3,349
  • Jun 14, 2022 7:45am Jun 14, 2022 7:45am
405 and 412 now closed 2 FDXM now
I call upon my father's spirit , watching over me
  • #3,350
  • Jun 14, 2022 7:47am Jun 14, 2022 7:47am
Quoting Brixen
405 and 412 now closed 2 FDXM now
+71 pips FDXM and -423 pips FDXM
I call upon my father's spirit , watching over me
  • #3,351
  • Jun 14, 2022 7:57am Jun 14, 2022 7:57am
I have now:
3 FDXM 13835
1 FDXM 13334

-16 pips FDXM lost so far today.
No ambition for today, only to finish the day in positive way and steal some other pts.......
Reducing last week positions is going in decent way.....we'll see next.
I call upon my father's spirit , watching over me
  • #3,352
  • Jun 14, 2022 7:57am Jun 14, 2022 7:57am
Quoting Brixen
{quote} I disagree with you on some point and I'm referring only to FDAX and FDXM (not FDXS) I'm not able to trade a future that next hours/next days will be automatically closed, so the possible close could be not a choice of mine, but external. Regarding spread you're right, but last days even FDXM SEPT had a decent spread (FDAX SEPT even the same of JUNE), and in the end with these wide daily ranges, is it really so important the spread these days Nicy? It's my only my personal point of view, I respect your, and I hope both we could keep gaining...
Yes, there are many ways to skin the market and still be profitable and this needed in the market. Otherwise we'd be all buying and selling at the same instant.
I don't understand how it's possible for a future contract to be closed before expiration. It will expire on expiration and will be regulated in cash. You're free to open a new contract in the new expiration and just carry your current profit/loss to the new positions. The opening/close is irrelevant to your position, other that some variation of the margin, which should not matter if you're capitalized appropriately.

The spread: I don't like having spread because I use market stop orders and they can be triggered more easily and are more subject to hunting.
Wealth is not built in a day.
  • #3,353
  • Jun 14, 2022 8:26am Jun 14, 2022 8:26am
Quoting Brixen
I have now: 3 FDXM 13835 1 FDXM 13334 -16 pips FDXM lost so far today. No ambition for today, only to finish the day in positive way and steal some other pts....... Reducing last week positions is going in decent way.....we'll see next.
422 closed now last FDXM 13334 for + 88 pips FDXM

I remain with 3 FDXM 13835, but I will buy something again below and well below 400 zone next minutes/next hours.
I call upon my father's spirit , watching over me
  • #3,354
  • Jun 14, 2022 8:31am Jun 14, 2022 8:31am
Quoting Brixen
{quote} 422 closed now last FDXM 13334 for + 88 pips FDXM I remain with 3 FDXM 13835, but I will buy something again below and well below 400 zone next minutes/next hours.
I'll back in an hour, I leave orders as indicated previous post.
I call upon my father's spirit , watching over me
  • #3,355
  • Jun 14, 2022 9:36am Jun 14, 2022 9:36am
Quoting Brixen
{quote} I'll back in an hour, I leave orders as indicated previous post.
322 added 1 FDXM now, as 339 was already filled
I call upon my father's spirit , watching over me
  • #3,356
  • Jun 14, 2022 9:39am Jun 14, 2022 9:39am
Quoting Brixen
{quote} 322 added 1 FDXM now, as 339 was already filled
I have now 3 FDXM 13835 + 2 FDXM 13328,5.
I call upon my father's spirit , watching over me
  • #3,357
  • Jun 14, 2022 9:44am Jun 14, 2022 9:44am
Quoting Brixen
{quote} I have now 3 FDXM 13835 + 2 FDXM 13328,5.
312 just bought 2 DAX CFD now
I call upon my father's spirit , watching over me
  • #3,358
  • Jun 14, 2022 9:46am Jun 14, 2022 9:46am
Quoting Brixen
{quote} I have now 3 FDXM 13835 + 2 FDXM 13328,5.
292 was filled too, so I have 3 FDXM 13316
I call upon my father's spirit , watching over me
  • #3,359
  • Jun 14, 2022 9:47am Jun 14, 2022 9:47am
I have to go for an hour...I leave some additionals below and well below 300 zone in any case.
I call upon my father's spirit , watching over me
  • #3,360
  • Jun 14, 2022 10:41am Jun 14, 2022 10:41am
Quoting Brixen
I have to go for an hour...I leave some additionals below and well below 300 zone in any case.
260 zone added 2 FDXM and 283,284 added 3 DAX CFD too now
I call upon my father's spirit , watching over me
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