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DAX Futures June 2023

  • #421
  • Apr 15, 2023 5:06am Apr 15, 2023 5:06am
Quoting Brixen
{quote} Thanks Emmzett, old friend of this journal, to keep alive this thread Great to see you here after so many days. I'm fully engaged these days and next, so I'm not able to trade and to post here as I did last years. Anyway as I trade for living I have to follow whats going on and so I have boughtt 1 FDXS 915 after midday, waiting for a possible 16k zone target. US Q1 earning season, specially tech earnings will dictate next market moves, even if all markets seem ultra overbought, they could stay irrational longs until they will...
Yes Brixen - Emmzett posts a lot of interesting stuff, all worth a read
  • #422
  • Edited 7:35am Apr 15, 2023 6:42am | Edited 7:35am
Quoting handy148
{quote} Yes Brixen - Emmzett posts a lot of interesting stuff, all worth a read
A lot of sexy charts all around but I guess we dont need sexy charts to trade, imho.

When I look at my friends charts as PipFarm, Dutchy, Islander, Emmzett, Kette (sorry if I forget some other friend )they have all the same imprint all these years, as they follow a constant continuos reliable trading way, with a clear, simple and effective method for few and liquid financial instruments.

Old glorious school will always rule here, as humans and trading never will change, imho!
I call upon my father's spirit , watching over me
  • #423
  • Apr 15, 2023 6:46am Apr 15, 2023 6:46am
Quoting emmzett
{quote} Brixen, thank you for the kind words. I hope you are doing well. At the moment I like the volatility in the DAX, so I'll switch back focus a little from US indices. Also I'm in the process to start trading with a real futures broker and a new trading platform which is meant to mitigate my undesired dependency on MetaTrader, at least in the long run. Interesting times, indeed. Happy Easter Holidays to all natives and expats living in Eastern European countries which follow the Orthodox calendar :-)
Trading futures with a Bank/Broker direct linked to Eurex (or CME if you wish to trade US futures) is the best solution, imho.

No manipulation is possible, clear hours to trade, clear volumes, clear prices, 1 pt spread almost whole day/night.
Possible very low commissions if you trade all days.

You cant ask for more, imho.
I call upon my father's spirit , watching over me
  • #424
  • Apr 15, 2023 9:12am Apr 15, 2023 9:12am
That sounds great. What are the criteria to be able to open such as account?
  • #425
  • Apr 16, 2023 4:23am Apr 16, 2023 4:23am
Quoting kilopip
That sounds great. What are the criteria to be able to open such as account?
The criterias are no different than for Forex/CFD traders. The barriers are a bit higher as minimum account deposit at a FCM (that's the "bank" for simplification) is usually about $5K. But there are introducing brokers (in fact many traders enter the Futures trading space via an IB) who are able to offer better deals due to close relations to the FCMs they are working with. As an example: with Optimus Futures you can open a Futures trading account with Ironbeam with a min. account size of $500.

The biggest difference between retail CFD trading (to a large percentage the MetaTrader landscape) and retail Futures trading is that for CFD trading you get the whole chain of involved services from a single party/hand. Not much to worry for little John Doe but it comes with a serious risk (see later). In retail Futures trading you have to arrange separate agreements for every involved part: broker/FCM, platform fees, data feed provider, exchange fees. That's a lot more home work to do.

As the biggest plus you get access to a regulated market (no OTC or B-book cheating) and the garanty that your money is held in a seggregated account and can't get lost (at least theoretically). The typical MetaTrader risk that "you made some decent profits and all is good but the moment you want to withdraw the unregulated MT4 bucketshop denies the transfer and cheats you" doesn't exist in the Futures trading landscape.
It takes blood, sweat and enough tears to wash away the blood.
  • #426
  • Apr 16, 2023 10:11am Apr 16, 2023 10:11am
Thank you Emmzett for your answer. So, I understand that this is just a brokerage firm. I mistaken that for having an account with an exchange. My current account is with one of the UK leading online spread bet . Im aware that they provide data(price) and can manipulate it buy slowing data inflow and play with spreads . I trade small account so it’s not an issue for now but in the future ( and I guess that involves large account £££££) would be great to have something more professional. I welcome all suggestions
  • #427
  • Edited 1:52am Apr 17, 2023 1:19am | Edited 1:52am
2 FDXS were filled late friday evening in typical pre weekend gift at 15805 15905 and 15907.
Waiting now for 16k zone psychological target.
Above 15915/920 zone DAX FUTURE is on solid uptrend, but not below 870/890 zone.

Attached Image (click to enlarge)
Click to Enlarge Name: 905.jpg Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 907.jpg Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM15FF.jpg Size: 15 KB
I call upon my father's spirit , watching over me
  • #428
  • Apr 17, 2023 1:23am Apr 17, 2023 1:23am
Quoting Brixen
WHITE HOUSE Brainard (ex Vice Chair US FED) has a different opinion vs Yellen = no more hikes in sight {image} Today Q1 US earning season starts with Delta Air but tomorrow 1st US Big Banks will start the real dances {image}
As expected, now Yellen has same WHITE HOUSE Brainard opinion ........

Attached Image (click to enlarge)
Click to Enlarge Name: yellen1.jpg Size: 122 KB
I call upon my father's spirit , watching over me
  • #429
  • Apr 17, 2023 2:07am Apr 17, 2023 2:07am
Quoting Brixen
2 FDXS were filled late friday evening in typical pre weekend gift at 15805 15905 and 15907. Waiting now for 16k zone psychological target. Above 15915/920 zone DAX FUTURE is on solid uptrend, but not below 870/890 zone. {image} {image} {image}
16020 right now, closed 1 FDXS 905 for +115 p FDXS=+23 pips FDXM

I remain with 1 FDXS 15907 for now.
I call upon my father's spirit , watching over me
  • #430
  • Apr 17, 2023 2:28am Apr 17, 2023 2:28am
Quoting Brixen
{quote} 16020 right now, closed 1 FDXS 905 for +115 p FDXS=+23 pips FDXM I remain with 1 FDXS 15907 for now.
s
Stable prices above 16k zone for DAX Futures will lead to 16050/060 zone next, my final target for last FDXS 907
I call upon my father's spirit , watching over me
  • #431
  • Apr 17, 2023 2:34am Apr 17, 2023 2:34am
I have to go for a while. I'll back around midday.
I call upon my father's spirit , watching over me
  • #432
  • Apr 17, 2023 2:36am Apr 17, 2023 2:36am
We're really shooting for 16K on the index here.
Wealth is not built in a day.
  • #433
  • Apr 17, 2023 4:29am Apr 17, 2023 4:29am
Quoting Nicy
We're really shooting for 16K on the index here.
but not for now...I guess

818 just bought 1 DAX CFD, while FDXS target was not hit for few pts....
I call upon my father's spirit , watching over me
  • #434
  • Apr 17, 2023 4:35am Apr 17, 2023 4:35am
Quoting Brixen
{quote} but not for now...I guess 818 just bought 1 DAX CFD, while FDXS target was not hit for few pts....
yep. didn't make it this morning.
Wealth is not built in a day.
  • #435
  • Apr 17, 2023 4:40am Apr 17, 2023 4:40am
Quoting Nicy
{quote} yep. didn't make it this morning.
it's a full week, US earnings go ahead also on 1st Techs (Netlifx and Tesla among the others) seasonality is on the uspide but at current high price levels, some sharp retracement is in the card, normal and healthy.
I call upon my father's spirit , watching over me
  • #436
  • Apr 17, 2023 4:42am Apr 17, 2023 4:42am
Quoting Brixen
{quote} but not for now...I guess 818 just bought 1 DAX CFD, while FDXS target was not hit for few pts....
I have now 1 FDXS 907 + 1 DAX CFD 818.
Additionals only for DAX CFDs below 800 zone, until 77...zone, mroe or less.

At 1st decent spike up I will probably closed FDXS and go ahead only with DAX CFDs.
I'll back in a couple hours.
I call upon my father's spirit , watching over me
  • #437
  • Apr 17, 2023 7:46am Apr 17, 2023 7:46am
Quoting Brixen
{quote} I have now 1 FDXS 907 + 1 DAX CFD 818. Additionals only for DAX CFDs below 800 zone, until 77...zone, mroe or less. At 1st decent spike up I will probably closed FDXS and go ahead only with DAX CFDs. I'll back in a couple hours.
Just back home to check that:

  1. 957 was closed FDXS 907 for +50 p FDXS=+10 pips FDXM
  2. 795,785, 775 and 770 were filled 4 DAX CFDs additionals

I call upon my father's spirit , watching over me
  • #438
  • Apr 17, 2023 7:53am Apr 17, 2023 7:53am
Quoting Brixen
{quote} Just back home to check that: 957 was closed FDXS 907 for +50 p FDXS=+10 pips FDXM 795,785, 775 and 770 were filled 4 DAX CFDs additionals
So I have now 5 DAXCFDs 15788,5.
Around/slight above 15800 zone I will close most positions, but around 15750 zone I will add something more.

See you later.
I call upon my father's spirit , watching over me
  • #439
  • Apr 17, 2023 9:53am Apr 17, 2023 9:53am
Quoting Brixen
{quote} So I have now 5 DAXCFDs 15788,5. Around/slight above 15800 zone I will close most positions, but around 15750 zone I will add something more. See you later.
806 right now closed 3 positions 788,5
I call upon my father's spirit , watching over me
  • #440
  • Apr 17, 2023 9:55am Apr 17, 2023 9:55am
Quoting Brixen
{quote} 806 right now closed 3 positions 788,5
+17,5 p x 3DAX CFD=+52,5 p DAX CFD=+10,5 pips FDXM

I remain with 2 DAX CFDs 15788,5.
I call upon my father's spirit , watching over me
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