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DAX Futures March 2023

  • #1,281
  • Feb 22, 2023 10:31pm Feb 22, 2023 10:31pm
I am not able to trade until 11CET this morning.
I'll back later.
I call upon my father's spirit , watching over me
  • #1,282
  • Edited Feb 23, 2023 12:41am Feb 22, 2023 11:43pm | Edited Feb 23, 2023 12:41am
Quoting lddd
Hello. Can anyone tell me which news events are likely to cause spikes in DAX and where is the best place to keep up to date on these?
Calender on the other tab on this site.

Bloomberg TV. I only watch it around important news moments. The rest is just bla bla.
(its payed TV, but I can watch it for free 3 times 30 Minutes on 3 differnet browsers) All I need.
I know I am a Dutch Cheap Charly, but I don't want to pay for a lot of bla bla of self promoting companies.

But don't (try to) trade news. Better trade just after the news flash (or long way before the event)
Markets react different on news most of the times, then you should/could expect.
So don't try to explain/trade the news. Waist of energy. Just lift on the back of big traders when they react on news events.

Tomorrows news (Red and Orange marked).
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It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,283
  • Edited 4:28am Feb 23, 2023 4:02am | Edited 4:28am
DAX FUTURE chart for today here below, sorry for the delay this morning.
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I bought something slight above 350 450 KEY LEVEL zone at 486,483 and 469, 455 was not filled, as I saw US futures pumping up after NVIDIA (main SOX share) yd after hours performance +9%.

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I call upon my father's spirit , watching over me
  • #1,284
  • Feb 23, 2023 4:12am Feb 23, 2023 4:12am
Quoting Dutchy Daxy
{quote} Calender on the other tab on this site.
The calendar here is mainly for currencies? Not sure which events will likely cause for surprising volatility in the DAX. No, i don't want to trade any news and actually try to avoid it. For this reason I would like to know what to look out for when it comes to trading DAX or indices in general.

My trading experience so far has only been trading forex. So far, my approach here has been to note the times of news marked in red (found in the FF calendar) at the beginning of the day regarding the currency pair I am trading and then not to trade shortly before or after. Example, if my trading signal is 08:00 AM and there are announced news at this time, i won't place a trade after 07:00 AM and then wait for at least 09:00 AM.

Furthermore, it would be interesting to know whether, from a day trading perspective, trading indices like DAX might be "easier" because of less news and surprising volatility is to be expected? Forex seems to be brutally rigged and quite often I see blatant spikes for the currency pair I'm trading (even without finding a news event for it).

Bloomberg TV: Hell no!
  • #1,285
  • Feb 23, 2023 4:18am Feb 23, 2023 4:18am
Quoting Dutchy Daxy
{quote} Calender on the other tab on this site. Bloomberg TV. I only watch it around important news moments. The rest is just bla bla. (its payed TV, but I can watch it for free 3 times 30 Minutes on 3 differnet browsers) All I need. I know I am a Dutch Cheap Charly, but I don't want to pay for a lot of bla bla of self promoting companies. But don't (try to) trade news. Better trade just after the news flash (or long way before the event) Markets react different on news most of the times, then you should/could expect. So don't try to explain/trade...
It's good and it's right to be a Dutch Cheap Charly in this world Dutchy, I fully agree with you!!!
I call upon my father's spirit , watching over me
  • #1,286
  • Feb 23, 2023 4:26am Feb 23, 2023 4:26am
Quoting lddd
{quote} The calendar here is mainly for currencies? Not sure which events will likely cause for surprising volatility in the DAX. No, i don't want to trade any news and actually try to avoid it. For this reason I would like to know what to look out for when it comes to trading DAX or indices in general. My trading experience so far has only been trading forex. So far, my approach here has been to note the times of news marked in red (found in the FF calendar) at the beginning of the day regarding the currency pair I am trading and then not to trade...
Trading the DAX it's not easier than other financial instrument, FX pair, Metals, Commodities, other Indices and so on.
And frankly it's not so much depending on typical news event, as it follows US main indices.
For instance NVIDIA and US Techs are upbeat last hours and so the same is doing the DAX.

Then obviously there are IFO data (monthly), ZEW data (monthly), PMI German data, or German Lander inflation data or German GDP/jobs German but they have not same impact of same type US data.

Besides news on calendar there also often spikes on DAX when they squeeze out and burn shorts intraday or longs.

In short there is brutality and rough market moves also here, no paradise or free lunch allowed with this beast too! At least this is my humble opinion.
Good luck for you and good luck for me!
I call upon my father's spirit , watching over me
  • #1,287
  • Feb 23, 2023 4:35am Feb 23, 2023 4:35am
Quoting lddd
{quote} The calendar here is mainly for currencies? Not sure which events will likely cause for surprising volatility in the DAX. No, i don't want to trade any news and actually try to avoid it. For this reason I would like to know what to look out for when it comes to trading DAX or indices in general. My trading experience so far has only been trading forex. So far, my approach here has been to note the times of news marked in red (found in the FF calendar) at the beginning of the day regarding the currency pair I am trading and then not to trade...
The calendar here is mainly for currencies?
No. It is not.

My trading experience so far has only been trading forex
Forex is a very different world compared with Index trading.

Trading indices like DAX might be "easier" because of less news and surprising volatility is to be expected?
Same strange moves happen in the indexes, thus also the DAX
There is no easy market to trade. Always Expect The Unexpected.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,288
  • Feb 23, 2023 4:53am Feb 23, 2023 4:53am
Last 2 thursdays European markets were strong and upbeat whole morning....but on the afternoon they had a strong turnaround on sell side.

It will be the same today???? We'll see....
I call upon my father's spirit , watching over me
  • #1,289
  • Feb 23, 2023 5:21am Feb 23, 2023 5:21am
Quoting Brixen
DAX FUTURE chart for today here below, sorry for the delay this morning. {image} I bought something slight above 350 450 KEY LEVEL zone at 486,483 and 469, 455 was not filled, as I saw US futures pumping up after NVIDIA (main SOX share) yd after hours performance +9%. {image} {image}{image}{image}
528 right now, just before US GDP, closed 1 FDXS 469 for +59 p FDXS=+12 pips FDXM
I call upon my father's spirit , watching over me
  • #1,290
  • Feb 23, 2023 5:23am Feb 23, 2023 5:23am
Quoting Brixen
{quote} 528 right now, just before US GDP, closed 1 FDXS 469 for +59 p FDXS=+12 pips FDXM
528 again now closed FDXS 486 for +42 p FDXS=+8,5 pips FDXM

I remaion with 1 FDXS 483.
I call upon my father's spirit , watching over me
  • #1,291
  • Feb 23, 2023 5:25am Feb 23, 2023 5:25am
Quoting Brixen
Trading the DAX it's not easier than other financial instrument, FX pair, Metals, Commodities, other Indices and so on. And frankly it's not so much depending on typical news event, as it follows US main indices. For instance NVIDIA and US Techs are upbeat last hours and so the same is doing the DAX. Then obviously there are IFO data (monthly), ZEW data (monthly), PMI German data, or German Lander inflation data or German GDP/jobs German but they have not same impact of same type US data. Besides news on calendar there also often spikes on DAX when...
Thank's a lot. So it sounds like, there is nothing much i can do about it. When these spontaneous spikes happen, even for no apparent reason, all I can do is place my stop and hope that order doesn't get filled at a price too far away from it.
  • #1,292
  • Feb 23, 2023 5:44am Feb 23, 2023 5:44am
Quoting lddd
{quote} Thank's a lot. So it sounds like, there is nothing much i can do about it. When these spontaneous spikes happen, even for no apparent reason, all I can do is place my stop and hope that order doesn't get filled at a price too far away from it.
Our great friend here ISLANDER wrote yd this quote:
"SMART MONEY moves price and we retail traders are like flies on the back of the Elephant SM Traders"

Only when this scenario is really fully clear a trader should start to trade, imho.
I call upon my father's spirit , watching over me
  • #1,293
  • Feb 23, 2023 5:46am Feb 23, 2023 5:46am
Quoting Brixen
{quote} 528 again now closed FDXS 486 for +42 p FDXS=+8,5 pips FDXM I remaion with 1 FDXS 483.
Slight above today's high, 56..58..zone my target if prices remain above 490/500 zone (DAX Future prices)
I call upon my father's spirit , watching over me
  • #1,294
  • Feb 23, 2023 5:53am Feb 23, 2023 5:53am
Quoting Brixen
{quote} Slight above today's high, 56..58..zone my target if prices remain above 490/500 zone (DAX Future prices)
Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM15FF.jpg Size: 21 KB
I call upon my father's spirit , watching over me
  • #1,295
  • Feb 23, 2023 6:19am Feb 23, 2023 6:19am
Quoting Brixen
{quote} Our great friend here ISLANDER wrote yd this quote: "SMART MONEY moves price and we retail traders are like flies on the back of the Elephant SM Traders" Only when this scenario is really fully clear a trader should start to trade, imho.
Yes it’s clear to me. Good metaphor!
  • #1,296
  • Feb 23, 2023 6:25am Feb 23, 2023 6:25am
Strong gap up awaited on US TECHS push by Semincoductors today
I call upon my father's spirit , watching over me
  • #1,297
  • Feb 23, 2023 6:33am Feb 23, 2023 6:33am
Quoting lddd
{quote} Yes it’s clear to me. Good metaphor!
No refer to anyone, it was a general advice for all of us, me included, as sometimes me, you, us could forget this big scenario we are.
I will post something more specific on this topic next hours.
I call upon my father's spirit , watching over me
  • #1,298
  • Feb 23, 2023 6:42am Feb 23, 2023 6:42am
Quoting Brixen
Strong gap up awaited on US TECHS push by Semincoductors today
SOX on fire today leaded by NVIDIA performance (+12%), push up Nasdaq and Nasdaq push up US SP500...at least so far, waiting for a possible retracement ....

Typical day to go long NASDAQ and short DOW JONES.....but I have only one love, I'm devoted to wild horse!

Attached Image (click to enlarge)
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I call upon my father's spirit , watching over me
  • #1,299
  • Feb 23, 2023 6:53am Feb 23, 2023 6:53am
Quoting Brixen
{quote} Slight above today's high, 56..58..zone my target if prices remain above 490/500 zone (DAX Future prices)
Target hit now at 572 for +89 p FDXS=+18 pips FDXM

FLAT and probably I did my day.
I'll back in an hour.
I call upon my father's spirit , watching over me
  • #1,300
  • Feb 23, 2023 7:08am Feb 23, 2023 7:08am
533 back into the game now ...bought 1 FDXS
I call upon my father's spirit , watching over me
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