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DAX Futures March 2023

  • #481
  • Jan 11, 2023 7:06am Jan 11, 2023 7:06am
Quoting Brixen
{quote} I have now 4 DAX CFD 807
at which price level where your stop losses, if I can ask
  • #482
  • Jan 11, 2023 12:01pm Jan 11, 2023 12:01pm
Quoting RossiTrading
{quote} at which price level where your stop losses, if I can ask
Yes, you can ask whatever you want, but that's not my trading way works.
I mean when I have to get my losses (hopefully light losses) I decide to get them, and I got them as you can see also on current journal last weeks.

But in this morning case, there was no sense to have stop loss imho and on my personal perspective, because:

  1. I had only 4 small DAX CFDs in place and only a couple additionals more on 770/780 zone to lower my entry price (unfortunately not filled)
  2. I clearly wrote on my post #473 at 8:15CET that 14810/790 zone (yd official high) could become main base for today ...or main resistance for today
  3. So on 1st case my orders were perfect on 2nd case I'd have managed them riding the typical minor waves that a trend often have, to close them around breakeven or even in small gain as happened thousands times in the past
  4. On worst case scenario I had my other bullets saved (FDXS and FDXM, excluded main FDAX) to manage and save my shoulders

I hope I have been clear, otherwise let me know. My trades are always here on my journals in real time.
Good luck for you and for me!

I call upon my father's spirit , watching over me
  • #483
  • Jan 11, 2023 12:14pm Jan 11, 2023 12:14pm
Today DAX CASH INDEX official close was the highest since the Ukraine invasion, so before 21 february 2022.
Tomorrow we'll see if they will break up 15k zone with the US CPI help or this could be a potential temporary peak.

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I call upon my father's spirit , watching over me
  • #484
  • Jan 11, 2023 12:28pm Jan 11, 2023 12:28pm
FLAT tonight and done my day with a TOTAL +48 pips FDXM.
Better save the bullets for tomorrow afternoon when fireworks will probably explode!

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I call upon my father's spirit , watching over me
  • #485
  • Jan 12, 2023 1:06am Jan 12, 2023 1:06am
960 zone now I'm buying some DAX CFDs
I call upon my father's spirit , watching over me
  • #486
  • Jan 12, 2023 1:23am Jan 12, 2023 1:23am
Today menu:
14:30CET US CPI
14:45CET US FED Philadelphia HARKER speech
17:30CET US FED StLouis BULLARD speech
18:40CET US FED Richmond BARKIN speech

After this astonishing rally started exactly at the beginning of 2023, I remeber the old saying here below.....
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I call upon my father's spirit , watching over me
  • #487
  • Jan 12, 2023 1:25am Jan 12, 2023 1:25am
Quoting Brixen
960 zone now I'm buying some DAX CFDs
3 DAX CFDs were filled at 965, waiting for a touch or better a break up 15k zone.
But yd official highs was at 965,5 and I expect a natural retest after 9CET
I call upon my father's spirit , watching over me
  • #488
  • Jan 12, 2023 1:41am Jan 12, 2023 1:41am
For today 2 potential support zones for DAX CASH INDEX official, imho
1st around 14950/960 zone and then 14890/910 zone.

I'm a buyer around that zone for spikes around/above 15k

We'll see how European markets will be before US CPI data, as after 14:30CET we'll probably see a rollercoaster explosion...
Anyway nobody have a crystal ball and lets trade step by step.
I call upon my father's spirit , watching over me
  • #489
  • Jan 12, 2023 1:51am Jan 12, 2023 1:51am
DAX CASH INDEX official (9-17:35CET) left 2 gaps open after this incredible rally of more than 1k pts:
14791 (10 jan HIGH)
14610 (6 jan HIGH)
I call upon my father's spirit , watching over me
  • #490
  • Jan 12, 2023 2:33am Jan 12, 2023 2:33am
Quoting Brixen
For today 2 potential support zones for DAX CASH INDEX official, imho 1st around 14950/960 zone and then 14890/910 zone. I'm a buyer around that zone for spikes around/above 15k We'll see how European markets will be before US CPI data, as after 14:30CET we'll probably see a rollercoaster explosion... Anyway nobody have a crystal ball and lets trade step by step.
I'll back around 11/12CET to check if soem other order has been filled dor not.....
I call upon my father's spirit , watching over me
  • #491
  • Jan 12, 2023 2:54am Jan 12, 2023 2:54am
Quoting Brixen
{quote} 3 DAX CFDs were filled at 965, waiting for a touch or better a break up 15k zone. But yd official highs was at 965,5 and I expect a natural retest after 9CET
Just receveide an laert above 15k, and right now at 15008 just closed 2 positions 965
I call upon my father's spirit , watching over me
  • #492
  • Jan 12, 2023 2:55am Jan 12, 2023 2:55am
Quoting Brixen
{quote} Just receveide an laert above 15k, and right now at 15008 just closed 2 positions 965
+43 p x 2 DAX CFD=+86 p DAX CFD=+17 pips FDXM

I remain with only 1 DAX CFD 965.
Target around 1505../1506..zone
I call upon my father's spirit , watching over me
  • #493
  • Jan 12, 2023 5:34am Jan 12, 2023 5:34am
Quoting Brixen
{quote} +43 p x 2 DAX CFD=+86 p DAX CFD=+17 pips FDXM I remain with only 1 DAX CFD 965. Target around 1505../1506..zone
2 hours to go to US fireworks, I take the decision to close my last DAX CFD 965 and so I'm closing right here right now at 15089 for +124 p DAX CFD=+25 pips FDXM

F L A T, happy flat!!
I call upon my father's spirit , watching over me
  • #494
  • Jan 12, 2023 5:53am Jan 12, 2023 5:53am
There are 8 long days out of 9 so far this year. I'm not an expert but it feels like they are blowing a bobble
@Brixen I like your seasonal chart which would also indicate that reversal/correction is due. But like it's always said here , the wild horse is not obvious
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  • #495
  • Jan 12, 2023 6:21am Jan 12, 2023 6:21am
Quoting kilopip
There are 8 long days out of 9 so far this year. I'm not an expert but it feels like they are blowing a bobble @Brixen I like your seasonal chart which would also indicate that reversal/correction is due. But like it's always said here , the wild horse is not obvious {image}

  1. After end of the year 2022 deadline for tax losses (specially in US) a rebound was expected, but NOT with this magnitude and NOT so strong in Euro markets. You can check hundreds of notes, video, financial gurus and experts....nobody predicted an astonishing +8,+9% on Eurostoxx or DAX in less than 10 days.
  2. Relative strenght we saw and we see in Europe is surprising specially after usual media suspects told us that Europe is a continent without future, for elderly and retired people , facing an energy crisis without soution......
  3. I mean, ther's no expert here in this job, market is never obvious and specially better do not trust anyone, cause nobody has a crystal ball
  4. and yes, seasonal chart is completely wrong for current month (at least so far) but ther is a similarity with 2008 (same as 2022) and the start of 2023 (roughly same of 2009 january rebound)
  5. If history want told something to us, march 2009 was a terrible selloff, one of the wildest/fastest I have ever seen, very close to Covid 1st violent wave
  6. We'll see my friend, and keep on trading step by step the only way to survive here, as everyday we play with fire here.....

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I call upon my father's spirit , watching over me
  • #496
  • Jan 12, 2023 7:01am Jan 12, 2023 7:01am
Quoting Brixen
{quote} After end of the year 2022 deadline for tax losses (specially in US) a rebound was expected, but NOT with this magnitude and NOT so strong in Euro markets. You can check hundreds of notes, video, financial gurus and experts....nobody predicted an astonishing +8,+9% on Eurostoxx or DAX in less than 10 days. Relative strenght we saw and we see in Europe is surprising specially after usual media suspects told us that Europe is a continent without future, for elderly and retired people , facing an energy crisis without soution...... I mean,...
Make a long story short:

Just follow your charts and F^^&* the guru's
It's better to be out wishing to be in... than to be in wishing to be out!
  • #497
  • Jan 12, 2023 7:29am Jan 12, 2023 7:29am
I leave some buy orders around gaps left open by DAX CASH INDEX official, places also some shorts on exagerrated prices up to the sky...we'll see
I call upon my father's spirit , watching over me
  • #498
  • Jan 12, 2023 7:33am Jan 12, 2023 7:33am
Quoting Brixen
I leave some buy orders around gaps left open by DAX CASH INDEX official, places also some shorts on exagerrated prices up to the sky...we'll see
969 was filled 1 DAX CFD
I call upon my father's spirit , watching over me
  • #499
  • Jan 12, 2023 7:36am Jan 12, 2023 7:36am
Quoting Dutchy Daxy
{quote} Make a long story short: Just follow your charts and F^^&* the guru's
My chart says to buy on dips in soft way, so here I am again on long position in place.....

So in short I stay long....
I call upon my father's spirit , watching over me
  • #500
  • Jan 12, 2023 7:46am Jan 12, 2023 7:46am
Quoting Brixen
{quote} 969 was filled 1 DAX CFD
no additional for my position.
if prices will go below 965 zone, ther's high chance of a start of downtrend.

While if prices are able to remain above 15k, we could see today's high retest.

Bear in mind tomorrow many US BigBanks will report Q4/2022 earnings.
I call upon my father's spirit , watching over me
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