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DAX Futures December 2022

  • #1,201
  • Oct 26, 2022 1:57am Oct 26, 2022 1:57am
Quoting Brixen
Nasdaq future and US SP500 future sharply down, after GOOGLE and Microsoft reports, but DAX in pre market is holding 13k, strange, so strange Typical pre ECB rally last 2 days, we'll see today, probably a consolidation day, who knows..... Only META will report today while tomorrow will be a great day with US Big Co. to report + ECB meeting
Perhaps the end of this bear rally is closing in.
Last night, the earnings were not good. And those were revised and tuned down earning expectations.
Meta has nothing good to add to the mix. They're bleeding cash at an astonishing pace, hoping (praying I should say) the metaverse will be the next big thing. But they're so wrong. Really wrong. Perhaps in 10-20 years from now, but not today.
Even Google had trouble with advertising revenue. And they're THE search engine. Go figure the Meta status.

So, I guess we had the run-up to the earnings season. Then some delusions. Perhaps we'll have a run-up to elections next. And the next run-up after elections. These are all seasonal plays. Lots of money pours in accordingly. The DAX will follow, but it takes very little for all this house of cards to crush on the ground. We need something structural in EU to change that.
Wealth is not built in a day.
  • #1,202
  • Oct 26, 2022 3:09am Oct 26, 2022 3:09am
Dangerous market to short but it is tempting from these levels. I was also confused when I saw nasdaq down 300 and dax holding current levels. The European indices have a bit of an artificial tailwind at the moment with gas prices down along with commodities.
  • #1,203
  • Oct 26, 2022 3:35am Oct 26, 2022 3:35am
Quoting Brixen
Nasdaq future and US SP500 future sharply down, after GOOGLE and Microsoft reports, but DAX in pre market is holding 13k, strange, so strange Typical pre ECB rally last 2 days, we'll see today, probably a consolidation day, who knows..... Only META will report today while tomorrow will be a great day with US Big Co. to report + ECB meeting
Hey Brixen, good to know you are fine. I started trading DAX CFD with IBKR, not ideal cause it has limited hours, but good enough for me. I have a question for you, last few days, even a week, DAX trading very directional. Not much rotations/places to scalp. Any idea why is that?
  • #1,204
  • Oct 26, 2022 4:30am Oct 26, 2022 4:30am
Quoting Steamroller
Dangerous market to short but it is tempting from these levels. I was also confused when I saw nasdaq down 300 and dax holding current levels. The European indices have a bit of an artificial tailwind at the moment with gas prices down along with commodities.
Yes, but it is safer if you have to open a new position here, rather than starting from lower levels like I did. My average was 085 this morning and is now 149, but my exposure is light. You have to dump all excess contracts as soon as possible, with small gains like Brixen does
Wealth is not built in a day.
  • #1,205
  • Oct 26, 2022 4:33am Oct 26, 2022 4:33am
Quoting Nicy
{quote} Yes, but it is safer if you have to open a new position here, rather than starting from lower levels like I did. My average was 085 this morning and is now 149, but my exposure is light. You have to dump all excess contracts as soon as possible, with small gains like Brixen does

Take the money and run, I like it!.........but sometimes I let it run some positions too, isnt it?
I call upon my father's spirit , watching over me
  • #1,206
  • Oct 26, 2022 4:37am Oct 26, 2022 4:37am
Quoting meowflying
{quote} Hey Brixen, good to know you are fine. I started trading DAX CFD with IBKR, not ideal cause it has limited hours, but good enough for me. I have a question for you, last few days, even a week, DAX trading very directional. Not much rotations/places to scalp. Any idea why is that?
13 october we had a sharp dip down toward 12k. from there they rallied (with usual ups and downs) till now 13150/13100 zone.
I wrote last week that 13k is only a psychological level for we humans.
13200/13150 zone real historical resistance, specially before typical Lagarde afternoon sell off...tomorrow.

But I dont agree with you as wild horse, made a lot of ups and downs on every directional move it made last weeks......otherwise I would have burnt my hands on many positions I had last days/weeks.

Anyway probably I dont have well understood your question, in this case let me know. Anyway NO EXACT SCIENCE HERE!
I call upon my father's spirit , watching over me
  • #1,207
  • Oct 26, 2022 4:39am Oct 26, 2022 4:39am
It's full summer here, another hot sunny day.
and DAX is compressed, so worst market to tarde for me!
I'll back on the afternoon, probably late afternoon.
GOOD LUCK TO ALL FRIENDS HERE!
I call upon my father's spirit , watching over me
  • #1,208
  • Oct 26, 2022 4:45am Oct 26, 2022 4:45am
Quoting Brixen
{quote} 13 october we had a sharp dip down toward 12k. from there they rallied (with usual ups and downs) till now 13150/13100 zone. I wrote last week that 13k is only a psychological level for we humans. 13200/13150 zone real historical resistance, specially before typical Lagarde afternoon sell off...tomorrow. But I dont agree with you as wild horse, made a lot of ups and downs on every directional move it made last weeks......otherwise I would have burnt my hands on many positions I had last days/weeks. Anyway probably I dont...
Hi Brixten,
Am I correct thinking there is open gap at 12450 (Monday 17th)?
  • #1,209
  • Oct 26, 2022 5:58am Oct 26, 2022 5:58am
Quoting Brixen
{quote} 13 october we had a sharp dip down toward 12k. from there they rallied (with usual ups and downs) till now 13150/13100 zone. I wrote last week that 13k is only a psychological level for we humans. 13200/13150 zone real historical resistance, specially before typical Lagarde afternoon sell off...tomorrow. But I dont agree with you as wild horse, made a lot of ups and downs on every directional move it made last weeks......otherwise I would have burnt my hands on many positions I had last days/weeks. Anyway probably I dont...
As an example yesterday US morning time melt up in Dax, 300+ points without any meaningful rotation. And just before that Europe time, melt down almost in the same manner.
  • #1,210
  • Oct 26, 2022 7:35am Oct 26, 2022 7:35am
Quoting kilopip
{quote} Hi Brixten, Am I correct thinking there is open gap at 12450 (Monday 17th)?

  1. There are many ways to calculate gaps in many TF, hours, specially these days when most or all brokers are so eager to offer us 24 hours charts
  2. I only take into account DAX CASH official INDEX for gap, I mean 9-17:35CET official cash session
  3. The only gap I see on offcial data is the gap between 12379 and 12395 last 13 and 14 October
  4. Gaps can remain open for 1 hour, 1 day, 1 week, 1 month ,1 year ....who knows if and when they will be filled

Attached Image (click to enlarge)
Click to Enlarge Name: 171022gap.png Size: 12 KB
I call upon my father's spirit , watching over me
  • #1,211
  • Oct 26, 2022 7:41am Oct 26, 2022 7:41am
Quoting meowflying
{quote} As an example yesterday US morning time melt up in Dax, 300+ points without any meaningful rotation. And just before that Europe time, melt down almost in the same manner.
1. Yd prices hit 13k zone for a 2nd time in 24 hours
2. They play the double top game, with a retracement of more 200 pts from 12k double bottom we had on 13 October
3. But retracment was so small and shorts so many that they played the new squeeze short game in less than a couple hours for +300 pts

In the end they will search for liquidity, so yd 1st they saw an huge chance on downside (after double top trick) and then the opposite.
They search for the more pain they can give to most of the traders....and when they have found, they will not stop until last blood of poor traders.

Obviously I may be wrong, it's only mho. NO EXACT SCIENCE HERE!
I call upon my father's spirit , watching over me
  • #1,212
  • Oct 26, 2022 7:49am Oct 26, 2022 7:49am
Placed some DAX CFD buy orders slight above/slight below 13k, current price 13040

Just bought 1 FDXM 13057
I call upon my father's spirit , watching over me
  • #1,213
  • Oct 26, 2022 7:59am Oct 26, 2022 7:59am
Quoting Brixen
Placed some DAX CFD buy orders slight above/slight below 13k, current price 13040 Just bought 1 FDXM 13057
STOP AT BE for FDXM now and target toward 13100 zone, current 13080
I call upon my father's spirit , watching over me
  • #1,214
  • Oct 26, 2022 8:14am Oct 26, 2022 8:14am
Quoting Brixen
{quote} STOP AT BE for FDXM now and target toward 13100 zone, current 13080
089 closed now for +32 pips FDXM
I call upon my father's spirit , watching over me
  • #1,215
  • Oct 26, 2022 8:29am Oct 26, 2022 8:29am
Posted elsewhere earlier:

This 4 hour Dax chart has two KwiOz Price Projections (violet lines) which are close to the red fibonacci price expansions.

Will Dax continue on up towards them?....that probably depends on the action in the US Indices with both Apple & Amazon reporting tomorrow....both will need good news to set Nas up again to continue its rally.....
Attached Image (click to enlarge)
Attached Image (click to enlarge)
Click to Enlarge Name: oct25 dax 4 hr 1000.png Size: 41 KB
Trading Levels with WRBs
  • #1,216
  • Oct 26, 2022 8:55am Oct 26, 2022 8:55am
Quoting Islander
Posted elsewhere earlier: This 4 hour Dax chart has two KwiOz Price Projections (violet lines) which are close to the red fibonacci price expansions. Will Dax continue on up towards them?....that probably depends on the action in the US Indices with both Apple & Amazon reporting tomorrow....both will need good news to set Nas up again to continue its rally..... Attached Image (click to enlarge) {image}
Thanks ISLANDER, prices seem today compressed into strict ranges, vs last days wider range.
So ther's a high chance to wait and see mode until tomorrow afternoon(ECB) and /or tomorrow night.
I call upon my father's spirit , watching over me
  • #1,217
  • Oct 26, 2022 9:08am Oct 26, 2022 9:08am
What a spike.....Bank of Canada rate decision or US New home sales data?
I call upon my father's spirit , watching over me
  • #1,218
  • Oct 26, 2022 9:11am Oct 26, 2022 9:11am
Quoting Brixen
{quote} Take the money and run, I like it!.........but sometimes I let it run some positions too, isnt it?
Yes you do. You make sure to leave one last position as a free trade. I'm working on this part as well. Sometimes it's hard for me to round-trip a winning position, let alone add to it below the entry price.
Wealth is not built in a day.
  • #1,219
  • Oct 26, 2022 9:22am Oct 26, 2022 9:22am
Quoting Nicy
{quote} Yes you do. You make sure to leave one last position as a free trade. I'm working on this part as well. Sometimes it's hard for me to round-trip a winning position, let alone add to it below the entry price.

Inserted Video
I call upon my father's spirit , watching over me
  • #1,220
  • Oct 26, 2022 9:26am Oct 26, 2022 9:26am
I have no balls to go long at these 13150 current prices.
Then last days gains stopped me to enter heavy into the market.....so I walk away for a while.

Inserted Video
I call upon my father's spirit , watching over me
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