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DAX Futures December 2022

  • #1,741
  • Nov 23, 2022 2:46am Nov 23, 2022 2:46am
Why are you buying on the way down, if you know the support is 390?
  • #1,742
  • Nov 23, 2022 2:56am Nov 23, 2022 2:56am
Quoting Brixen
{quote} I have now 6 FDXM 422 + 1 FDXS 379, with stop at be only for FDXS
425,426 reduce 50% FDXM positions right now
I call upon my father's spirit , watching over me
  • #1,743
  • Nov 23, 2022 2:58am Nov 23, 2022 2:58am
Quoting Brixen
{quote} 425,426 reduce 50% FDXM positions right now
+3+3+4 pips FDXM
I call upon my father's spirit , watching over me
  • #1,744
  • Nov 23, 2022 3:04am Nov 23, 2022 3:04am
Quoting meowflying
Why are you buying on the way down, if you know the support is 390?
I tell you a story happened after XMAS rally 2018 I guess, or 2017....

10k was the price where DAX start an impressive rally for a couple years after Trump election 2016.
Everybody waited for 2 years a retest of that level as DAX collapsed form 12k until 11k and at the speed of sound hit after XMAS 10.550/10300.

So nobody bought that time anything waiting for 10k.
Do you know what happened? at 10250/280 prices rebounded in sharp way (they found an usual excuse) for an astonishing rally of another 1k,1.5k pts in less than a month.
I mean ther's NO EXACT SCIENCE here and if the direction is right, I dont care to be exteremelyy exact, as most of the time market fool most of us, me included.
I call upon my father's spirit , watching over me
  • #1,745
  • Nov 23, 2022 3:06am Nov 23, 2022 3:06am
Quoting Brixen
{quote} 425,426 reduce 50% FDXM positions right now
While I wrote previous post, 427 was closed too for +5 pips FDXM
Attached Image (click to enlarge)
Click to Enlarge Name: 427.jpg Size: 45 KB
I call upon my father's spirit , watching over me
  • #1,746
  • Nov 23, 2022 3:07am Nov 23, 2022 3:07am
I have now 2 FDXM 422 + 1 FDXS 379.

Possible ping pong between 390 and 430/440 zone next hours.
I call upon my father's spirit , watching over me
  • #1,747
  • Nov 23, 2022 3:10am Nov 23, 2022 3:10am
Morning all, not that I have much to add but support can be an exact number, or it can be a zone depending on how the MM are feeling/positioned on a particular day. Today is a great day for games with FOMC and Thanksgiving coming up.
  • #1,748
  • Nov 23, 2022 3:20am Nov 23, 2022 3:20am
Quoting Brixen
{quote} I tell you a story happened after XMAS rally 2018 I guess, or 2017.... 10k was the price where DAX start an impressive rally for a couple years after Trump election 2016. Everybody waited for 2 years a retest of that level as DAX collapsed form 12k until 11k and at the speed of sound hit after XMAS 10.550/10300. So nobody bought that time anything waiting for 10k. Do you know what happened? at 10250/280 prices rebounded in sharp way (they found an usual excuse) for an astonishing rally of another 1k,1.5k pts in less than a month. I mean...
Yes I got what you say. But Dax looking so exhausted, and was banging on the highs all night long. Started to crash pre market, and the price action was pretty bearish. Just my observation. On the other hand ES and NQ are very strong, and wont give bears a cent..
  • #1,749
  • Nov 23, 2022 3:22am Nov 23, 2022 3:22am
Hi Brixen,

Good to see you are still trading in your famous way!
And what a beautiful real estate project in progress, awesome.

I am also trying to trade with support and resistance zones with averaging in.
How do you calculatie / register al those trades for yourself when multiple entries are done.
Just in the thread here or in addition some excel tool for yourself?

Regards from the Netherlands.

PS: Today Belgium and Germany in the WC to play. Let's see how they are doing as outsiders for the title.
  • #1,750
  • Nov 23, 2022 3:33am Nov 23, 2022 3:33am
Quoting Brixen
I have now 2 FDXM 422 + 1 FDXS 379. Possible ping pong between 390 and 430/440 zone next hours.
429 was also closed 1 FDXM when I was outside for few minutes
+7 pips FDXM
I remain with 1 FDXM 422 + 1 FDXS 379

Attached Image (click to enlarge)
Click to Enlarge Name: 429.jpg Size: 46 KB
I call upon my father's spirit , watching over me
  • #1,751
  • Nov 23, 2022 3:40am Nov 23, 2022 3:40am
Quoting meowflying
{quote} Yes I got what you say. But Dax looking so exhausted, and was banging on the highs all night long. Started to crash pre market, and the price action was pretty bearish. Just my observation. On the other hand ES and NQ are very strong, and wont give bears a cent..

  1. DAX and European Indices held so well last week when US markets collapsed so these days there's a sort of rebalancing
  2. Last year and some years ago they made some sharp dips before Thanksgiving only because many were longs
  3. I was wrong to buy so high yd, this morning obviously, so in this case only money mgmt can filter and save initial wrong positions, specially adding in strong way around clear support zone.
  4. Again I mean there are times when I'm wrong and times when I'm right to enter in the market, but what it's really important for me is how to manage every position/situation (wrong or right) I have, isnt it Meow?

I call upon my father's spirit , watching over me
  • #1,752
  • Nov 23, 2022 3:47am Nov 23, 2022 3:47am
Quoting pejavik
Hi Brixen, Good to see you are still trading in your famous way! And what a beautiful real estate project in progress, awesome. I am also trying to trade with support and resistance zones with averaging in. How do you calculatie / register al those trades for yourself when multiple entries are done. Just in the thread here or in addition some excel tool for yourself? Regards from the Netherlands. PS: Today Belgium and Germany in the WC to play. Let's see how they are doing as outsiders for the title.

  1. 1st of all, Thanks for your word
  2. No external excel or tools, lets say I was good in Math since I was a pupil in SudTirol school, and I was bad on German language
  3. What it's really important for me is to scalin in in right way but more important to close(scale out) in fast way some wrong positions, possibly around be
  4. Netherlands didnt play well 1st game (DeLigt was embarassing and attack line not so strong as I have thought)
  5. anyway I was and I am aways a fan of your National team when played Cruyff, Neeskens and Johnny Rep + some others

I call upon my father's spirit , watching over me
  • #1,753
  • Nov 23, 2022 3:51am Nov 23, 2022 3:51am
Quoting Brixen
{quote} 429 was also closed 1 FDXM when I was outside for few minutes +7 pips FDXM I remain with 1 FDXM 422 + 1 FDXS 379 {image}
I have to go to my blue collar work, as ther's a sun today after some rainy days.

I keep going on my strategy, buy below 400 zone, specially well below and close on jumpt above /around450 maybe 500 zone


GOOD LUCK TO ALL FRIENDS HERE, see you afternoon, probably late afternoon before FOMC minutes.
I call upon my father's spirit , watching over me
  • #1,754
  • Nov 23, 2022 6:26am Nov 23, 2022 6:26am
Quoting Brixen
{quote} Trading is a lonely job, it's not good for people searching for continuos relations everyday. Anyway I have a lot of chaos in my house everyday as luckily I have a large family, so to be alone and lonely, possibly in silence into my room for trading is often a blessing and so I really enjoy my lonely trading job.. Works on my estate investment is hard, difficult and often many problems to solve as me and my wife wish to have something solid and strong as classic stone house of my ancient relatives but at the same time with some...
Fantastic buildings that seem built to last several lifetimes
every Saint has a past. Every Sinner has a Future
  • #1,755
  • Nov 23, 2022 8:10am Nov 23, 2022 8:10am
Dax needs to get above 400 ideally you don't want this to become resistance.
  • #1,756
  • Edited 9:23am Nov 23, 2022 8:39am | Edited 9:23am
Quoting Brixen
{quote} DAX and European Indices held so well last week when US markets collapsed so these days there's a sort of rebalancing Last year and some years ago they made some sharp dips before Thanksgiving only because many were longs I was wrong to buy so high yd, this morning obviously, so in this case only money mgmt can filter and save initial wrong positions, specially adding in strong way around clear support zone. Again I mean there are times when I'm wrong and times when I'm right to enter in the market, but what it's really important for me...
I know your system is working for many years, and i know you manage the positions very well. But after 22% rally in Dax and on the very highs its pretty dangerous. Just imagine what would happen if the 390 would not hold and the price go down another 100 points. You know Dax can easily do that. Anyway, you had a good luck today..
  • #1,757
  • Nov 23, 2022 11:04am Nov 23, 2022 11:04am
Quoting Brixen
{quote} I have to go to my blue collar work, as ther's a sun today after some rainy days. I keep going on my strategy, buy below 400 zone, specially well below and close on jumpt above /around450 maybe 500 zone GOOD LUCK TO ALL FRIENDS HERE, see you afternoon, probably late afternoon before FOMC minutes.
Just back home and here below the orders filled during the day following the strategy indicated on my last post:

A. 2 additionals FDXM filled below 400 zone at 399 and 379
Attached Image (click to enlarge)
Click to Enlarge Name: 399.png Size: 11 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 379.png Size: 10 KB


B. 3 closing orders FDXM at 429, 431 and 436
Attached Image (click to enlarge)
Click to Enlarge Name: 431.PNG Size: 10 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 436.jpg Size: 43 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 429.jpg Size: 46 KB
I call upon my father's spirit , watching over me
  • #1,758
  • Nov 23, 2022 11:06am Nov 23, 2022 11:06am
Quoting Brixen
{quote} Just back home and here below the orders filled during the day following the strategy indicated on my last post: A. 2 additionals FDXM filled below 400 zone at 399 and 379 {image}{image} B. 3 closing orders FDXM at 429, 431 and 436 43389234338923{image} {image}
+7+32+57 pips FDXM

I keep holding now 1 FDXS 379 bought yd, waiting for US FED minutes 20CET
I call upon my father's spirit , watching over me
  • #1,759
  • Nov 23, 2022 11:08am Nov 23, 2022 11:08am
Quoting turnip15
{quote} Fantastic buildings that seem built to last several lifetimes
Thanks Turnip, you're always kind to me, but the end of the building is so far away yet......
I call upon my father's spirit , watching over me
  • #1,760
  • Nov 23, 2022 11:08am Nov 23, 2022 11:08am
Quoting Steamroller
Dax needs to get above 400 ideally you don't want this to become resistance.
Exactly! I completely agree Steamroller, even with spikes , fast spikes down 400 zone!
I call upon my father's spirit , watching over me
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