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DAX Futures March 2023

  • #1,681
  • Mar 10, 2023 9:34am Mar 10, 2023 9:34am
I hold now:
7 DAX CFD 417
2 DAX CFD 339
1 FDXM JUNE 567

Last week low at 15330 zone (and gap left open since today) it could be a crucial level for next hours/days.
Same for US SP500 3875/85 zone.

Ther's a chance prices will work around these KEY LEVELS and then will take the direction.....we'll see
I call upon my father's spirit , watching over me
  • #1,682
  • Mar 10, 2023 9:37am Mar 10, 2023 9:37am
I got out of the indices as all the high beta currencies are selling off. I'm sure it is possible to ride this out but I'm calling it an early weekend. All the best!
  • #1,683
  • Mar 10, 2023 9:39am Mar 10, 2023 9:39am
Quoting Steamroller
I got out of the indices as all the high beta currencies are selling off. I'm sure it is possible to ride this out but I'm calling it an early weekend. All the best!
Thanks and good weekend in your cold London. See you next week!
I call upon my father's spirit , watching over me
  • #1,684
  • Mar 10, 2023 9:49am Mar 10, 2023 9:49am
Quoting Brixen
I hold now: 7 DAX CFD 417 2 DAX CFD 339 1 FDXM JUNE 567 Last week low at 15330 zone (and gap left open since today) it could be a crucial level for next hours/days. Same for US SP500 3875/85 zone. Ther's a chance prices will work around these KEY LEVELS and then will take the direction.....we'll see
332 added again for last time.....probably this level will break down or will hold
I call upon my father's spirit , watching over me
  • #1,685
  • Mar 10, 2023 9:53am Mar 10, 2023 9:53am
and 524 just added 2nd FDXM JUNE now
I call upon my father's spirit , watching over me
  • #1,686
  • Mar 10, 2023 9:55am Mar 10, 2023 9:55am
I hold now:
7 DAX CFD 417
3 DAX CFD 336,5
2 FDXM JUNE 545,5
I call upon my father's spirit , watching over me
  • #1,687
  • Mar 10, 2023 9:59am Mar 10, 2023 9:59am
Quoting Brixen
I hold now: 7 DAX CFD 417 3 DAX CFD 336,5 2 FDXM JUNE 545,5
562 closed now 1 FDXM for +16,5 pips FDXM
I call upon my father's spirit , watching over me
  • #1,688
  • Mar 10, 2023 10:12am Mar 10, 2023 10:12am
Quoting Brixen
I hold now: 7 DAX CFD 417 3 DAX CFD 336,5 2 FDXM JUNE 545,5
572 closed now last FDXM JUNE for +26,5 pips FDXM

I will go ahead only DAX CFDs , no problem if I will hold overnight/overweekend
I call upon my father's spirit , watching over me
  • #1,689
  • Mar 10, 2023 10:14am Mar 10, 2023 10:14am
Quoting Brixen
I hold now: 7 DAX CFD 417 3 DAX CFD 336,5 2 FDXM JUNE 545,5
394 closed now 1 DAX CFD 336,5
I call upon my father's spirit , watching over me
  • #1,690
  • Mar 10, 2023 10:15am Mar 10, 2023 10:15am
Quoting Brixen
{quote} 394 closed now 1 DAX CFD 336,5
+57,5 p DAX CFD=+11,5 pips FDXM

I hold now:
7 DAX CFD 417
2 DAX CFD 336,5
I call upon my father's spirit , watching over me
  • #1,691
  • Mar 10, 2023 10:23am Mar 10, 2023 10:23am
Quoting Brixen
{quote} +57,5 p DAX CFD=+11,5 pips FDXM I hold now: 7 DAX CFD 417 2 DAX CFD 336,5
1. 415/420 zone I will close all positions 417 + 1 position 336,5

otherwise

2. I will add below 330 zone (big risk as below 330 zone prices could fast go in free fall again)
I call upon my father's spirit , watching over me
  • #1,692
  • Mar 10, 2023 10:33am Mar 10, 2023 10:33am
Quoting Brixen
{quote} 1. 415/420 zone I will close all positions 417 + 1 position 336,5 otherwise 2. I will add below 330 zone (big risk as below 330 zone prices could fast go in free fall again)
421 now closed all 7 positions 417
I call upon my father's spirit , watching over me
  • #1,693
  • Mar 10, 2023 10:34am Mar 10, 2023 10:34am
Quoting Brixen
{quote} 421 now closed all 7 positions 417
+4 p x 7 DAX CFD=+28 p DAX CFD=+5,5 pips FDXM

I remain now only 2 DAX CFD 336,5
I call upon my father's spirit , watching over me
  • #1,694
  • Mar 10, 2023 10:37am Mar 10, 2023 10:37am
Quoting Brixen
{quote} +4 p x 7 DAX CFD=+28 p DAX CFD=+5,5 pips FDXM I remain now only 2 DAX CFD 336,5
431 now closed 1 DAX CFD 336,5 for +94,5 p DAX CFD=+19 pips FDXM
I call upon my father's spirit , watching over me
  • #1,695
  • Mar 10, 2023 10:38am Mar 10, 2023 10:38am
I have only 1 DAX CFD 336,5 and probably I will hold into the weekend.
+183 pips FDXM gained so far today.

I'll back around/after 19CET to check whats going on, but probably I did my week.
I call upon my father's spirit , watching over me
  • #1,696
  • Mar 10, 2023 12:51pm Mar 10, 2023 12:51pm
Done my day, no more trades until next monday:+7+7,5+13,5+18+37-4+6,5+8+11+16,5+26,5+11,5+5,5+19=TOTAL +183 pips FDXM.

And done my week:
mon +39
tue +29,5
+wed +65,5
+yd +31,5
today +183
TOTAL:+348,5 pips FDXM.

I hold overnight/overweekend 1DAX CFD 15336,5.
I call upon my father's spirit , watching over me
  • #1,697
  • Mar 10, 2023 2:53pm Mar 10, 2023 2:53pm
15280 zone now added 2 DAX CFD overnight, just before US official close.
I call upon my father's spirit , watching over me
  • #1,698
  • Mar 11, 2023 5:11am Mar 11, 2023 5:11am
Quoting Brixen
{quote} It's a question of money management on different and multiple positions I usually have (then there are also some other differences I will explain later): 1DAX CFD 10 pts gain/loss = 10 € 1FDXS (micro DAX Future) 10 pts gain/loss = 10€ 1FDXM (mini DAX Future) 10 pts gain/loss = 50€ 1FDAX (DAX Future) 10 pts gain/loss= 250€
Thanks for reply. I will wait for your reply - for some other differences . My broker does offer future too. When i looked sometime ago then only difference - future doesn't have Swap but then higher spread. So if you are not holding for days then CFD better. Even i seen Dutchy Daxy trading dax future too.
I am not dragging this conversation but you never know what you are missing sometimes.
Hope its Sunny there -Have a nice weekend, Brixen
Be Greedy
Dices Return This Week: na
  • #1,699
  • Edited 3:29am Mar 12, 2023 3:17am | Edited 3:29am
Quoting AKCodingEye
{quote} Thanks for reply. I will wait for your reply - for some other differences . My broker does offer future too. When i looked sometime ago then only difference - future doesn't have Swap but then higher spread. So if you are not holding for days then CFD better. Even i seen Dutchy Daxy trading dax future too. I am not dragging this conversation but you never know what you are missing sometimes. Hope its Sunny there -Have a nice weekend, Brixen
Volatile weekend here, some sunny hours, then some clouds, some wind....you know March weather often volatile as the markets on this month

OK, lets start with the differences DAX Cfd vs Future

  1. when I trade with only 1 FDXM it means roughly the same of 5 DAX CFDs. This could be good or bad same time, as to follow 5 positions could be stressful compared to manage 1 position, on the other hand you can place 5 different targets or 5 different stops

Then when I compare 1DAX CFD vs 1FDXS (same as money invested) I have to take into account that:

  1. FDXS spread is often 1, rarely 2pts (regular european hours, not after hours)
  2. FDXS has no cost overnight
  3. FDXS follows daily settlement price for DAX Futures (in case of position overnight) with no cost overnight
  4. FDXS has clear price, no manipulation possible (in principle) vs EUREX official DAX Futures prices
  5. FDXS lack of volumes on European after hours and overnight, with possible larger spread outside regular European hours
  6. DAX Future has 3 type of futures (FDAX, FDXM, FDXS, look my previous reply about it)
  7. To have same impact of 1 FDAX you have to invest 25 DAX CFDs, again it could be good and bad same time
  8. DAX CFDs spread depends on Bank/Broker you have and it could be some strange differences from this perspective from trader to trader
  9. DAX CFDs prices sometimes could be slightly manipulated as price quoted by different Bank/Brokers (sometimes it seems quotes are a little bit strange) compared to official XETRA DAX price
  10. DAX CFDs has a cost for overnight positions that you have to take into account, depending on your Bank/Broker
  11. DAX CFDs usually have no lack of volumes every hour, but again spread could be a factor to take into account depending on your Bank/Broker and depending on the hours you trade

I guess it's enough for now, if there are some other points I missed I will add later.

I call upon my father's spirit , watching over me
  • #1,700
  • Mar 12, 2023 2:03pm Mar 12, 2023 2:03pm
It could be an interesting overnight session next hours.......but in principle, I prefer to sleep

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