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DAX Futures June 2023

  • #461
  • Apr 18, 2023 12:52pm Apr 18, 2023 12:52pm
Quoting Brixen
{quote} closing order placed at 16040, but additionals waiting from 1606..zone till 16100 zone, only FDXS for now. I'll back later as I cant stay in front of PC for the afternoon.
1 short was closed at 16040 as indicated
1 short was closed at 16025 for +14,5 p FDXS=+3 pips FDXM
1 short was closed at 16015 for +24,5 p FDXS=+5 pips FDXM
1 short was closed at 16005 for +34,5 p FDXS=+7 pips FDXM


Attached Image (click to enlarge)
Click to Enlarge Name: 16015.jpg Size: 45 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 16005.jpg Size: 47 KB
I call upon my father's spirit , watching over me
  • #462
  • Apr 18, 2023 1:00pm Apr 18, 2023 1:00pm
Done my day:+23,5+3+5+7=TOTAL +38,5 pips FDXM.

Lets watch NAPOLI vs AC MILAN next hour, as REAL MADRID is already at semifinal.
I call upon my father's spirit , watching over me
  • #463
  • Edited 1:37am Apr 19, 2023 1:27am | Edited 1:37am
DAX FUTURE chart for today here below: 2 clear support zones while resistance stands always there as yd indicated.
Buy around blue lines and sell well above 16k zone it seems the only game in town , for now. As usual -140 pts for DAX CASH INDEX pirces vs DAX Futures prices.

For personal reasons are not able anymore to trade/post live real time these days/weeks as I did always on my journals.
I'm rethinking how to manage this journal without stopping it. Anyway for now I will post early morning chart + final stat of the day at evening. We'll see....

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM15FF.jpg Size: 20 KB
I call upon my father's spirit , watching over me
  • #464
  • Apr 19, 2023 9:49am Apr 19, 2023 9:49am
Quoting Brixen
DAX FUTURE chart for today here below: 2 clear support zones while resistance stands always there as yd indicated. Buy around blue lines and sell well above 16k zone it seems the only game in town , for now. As usual -140 pts for DAX CASH INDEX pirces vs DAX Futures prices. For personal reasons are not able anymore to trade/post live real time these days/weeks as I did always on my journals. I'm rethinking how to manage this journal without stopping it. Anyway for now I will post early morning chart + final stat of the day at evening. We'll see.......

  1. 3 FDXS were filled aorund/above 1st blue line support zone at 15977,971 and 966.
  2. 1 position was closed slight above 16k zone at 16007 and right now I'm closing last 2 positions at current price 16035 and 16036.

Early morning strategy worked well in lethargic ultra strict range.

I call upon my father's spirit , watching over me
  • #465
  • Apr 19, 2023 9:57am Apr 19, 2023 9:57am
Quoting Brixen
{quote} 3 FDXS were filled aorund/above 1st blue line support zone at 15977,971 and 966. 1 position was closed slight above 16k zone at 16007 and right now I'm closing last 2 positions at current price 16035 and 16036. Early morning strategy worked well in lethargic ultra strict range.
Done: +30+70+64=TOTAL +164 p FDXS=TOTAL +33 pips FDXM
I call upon my father's spirit , watching over me
  • #466
  • Apr 20, 2023 12:16am Apr 20, 2023 12:16am
Wow a Milano derby to look forward to in the CL semi-final.
  • #467
  • Apr 20, 2023 1:02am Apr 20, 2023 1:02am
Just bought 1 FDXM 16017 + 1 FDXS same price
I call upon my father's spirit , watching over me
  • #468
  • Apr 20, 2023 1:05am Apr 20, 2023 1:05am
Quoting handy148
Wow a Milano derby to look forward to in the CL semi-final.
Exactly 20 years ago it was the same a semifinal when AC MILAN manager was Carletto Ancelotti.

History repeat itself ....in football as in trading, Handy, isnt it?

Anyway imho REAL MADRID vs MANCITY is the real final, no way!!
I call upon my father's spirit , watching over me
  • #469
  • Apr 20, 2023 1:12am Apr 20, 2023 1:12am

  1. Tomorrow monthly options expiration for BigBoys and this event could partly explain the lack of volatility these days
  2. Historically this a pre dividend market phase till early/mid may, so ther's high interest to keep prices so high worlwide
  3. US Q1 earning season will become hot next week with Big US TECHS names, so wait and see mode is fully activated
  4. DAX key levels are always the same, as indicated yd chart, so buy aorund blue lines and sell/short around/above 16050/60 zone, mor eor less (DAX Future prices)

I call upon my father's spirit , watching over me
  • #470
  • Apr 20, 2023 1:29am Apr 20, 2023 1:29am
I'll back later, if I can.
Strategy , targets and additionals are clear. at least so far.....we'll see.
I call upon my father's spirit , watching over me
  • #471
  • Apr 20, 2023 2:36am Apr 20, 2023 2:36am
Quoting Brixen
I'll back later, if I can. Strategy , targets and additionals are clear. at least so far.....we'll see.
Lets hope you closed your FDXM, I was going to buy around second blue line but will wait to see on price speed and Vix.
  • #472
  • Apr 20, 2023 2:57am Apr 20, 2023 2:57am
Quoting Steamroller
{quote} Lets hope you closed your FDXM, I was going to buy around second blue line but will wait to see on price speed and Vix.
On such violent moves, I wait for a second wave before entering counter-trend. Unexpected this move was.
Wealth is not built in a day.
  • #473
  • Apr 20, 2023 3:03am Apr 20, 2023 3:03am
All markets dropped as a brick.

No idea what made he markets drop like this. I don't mind as long as I (can) trade it
It's better to be out wishing to be in... than to be in wishing to be out!
  • #474
  • Edited 4:04am Apr 20, 2023 3:42am | Edited 4:04am
Quoting Dutchy Daxy
All markets dropped as a brick. No idea what made he markets drop like this. I don't mind as long as I (can) trade it
The move was caused by resolution of the consolidation range all indexes have been so far in this week. The Dow triggered the move. Yesterday the Dow build a very rare chart pattern. On Monday we had a daily inside bar in all US indexes. Then yesterday the Dow made a 2nd one which is already rare. But something more rare happened. The Dow was not able to break the overnight range. So it not only made an inside bar for the 24 trading hours (ETH+RTH) but it also made an RTH session inside bar. That happens very very rarely and tells us a lot about the indecision at these high levels. And as if to complete an already bad chart outlook it closed yesterday's session with an hourly inside bar. This H1 inside bar was still open today morning (visibly at the right edge in the picture below).
Attached Image (click to enlarge)
Click to Enlarge Name: US30M15.png Size: 24 KB

Today at London Open the Dow made a last small attempt to move higher. 15 minutes later it failed and the Dow started dropping. When it came close to yesterday's lows the DAX also broke lower through yesterday's lows. So far so bad. But now with a large potential downside move for the Dow in the cards all US indixes started dropping like a stone and also rushed down. Of course Dax had no chance then to follow even lower, and this was the large move which we observed in the Dax.
Attached Image (click to enlarge)
Click to Enlarge Name: US stock indexes.png Size: 47 KB


Also note that the distance for S&P500 and Nasdaq to yesterday's low was much larger then for the Dow. So when the Dow started to slide the impulse for ES and NQ was really strong. This strong impuls immediately spilled over to the Dax who was already at yesterday's lows, and brought it to the whole week's lows.
It takes blood, sweat and enough tears to wash away the blood.
  • #475
  • Apr 20, 2023 5:08am Apr 20, 2023 5:08am
Quoting emmzett
{quote} The move was caused by resolution of the consolidation range all indexes have been so far in this week. The Dow triggered the move. Yesterday the Dow build a very rare chart pattern. On Monday we had a daily inside bar in all US indexes. Then yesterday the Dow made a 2nd one which is already rare. But something more rare happened. The Dow was not able to break the overnight range. So it not only made an inside bar for the 24 trading hours (ETH+RTH) but it also made an RTH session inside bar. That happens very very rarely and tells us a lot...
So, to make a long story short.... the emotions of traders turned from greed to fear. (with sideways PA in the middle)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #476
  • Apr 20, 2023 5:12am Apr 20, 2023 5:12am
Quoting Dutchy Daxy
{quote} So, to make a long story short.... the emotions of traders turned from greed to fear. (with sideways PA in the middle)
We have a famous German saying regarding stock trading. When New York coughes Germany catches a cold. Today morning was a perfect example of it.
It takes blood, sweat and enough tears to wash away the blood.
  • #477
  • Edited 6:04am Apr 20, 2023 5:17am | Edited 6:04am
Quoting emmzett
{quote} We have a famous German saying regarding stock trading. If New York caughes Germany get's a cold. Today morning was a perfect example for this.
Germans should wear more facemask in that case. US is caughing all the time for good reasons and no reasons at all.

We have the same famous saying here as well. When the Germans caugh the Dutch catch a cold too. Economy wise.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #478
  • Apr 20, 2023 6:58am Apr 20, 2023 6:58am
Quoting emmzett
{quote} The move was caused by resolution of the consolidation range all indexes have been so far in this week. The Dow triggered the move. Yesterday the Dow build a very rare chart pattern. On Monday we had a daily inside bar in all US indexes. Then yesterday the Dow made a 2nd one which is already rare. But something more rare happened. The Dow was not able to break the overnight range. So it not only made an inside bar for the 24 trading hours (ETH+RTH) but it also made an RTH session inside bar. That happens very very rarely and tells us a lot...
This coming Friday is a third Friday of the month, monthly options expiry is often accompanied with PA reflecting the interests of option traders/writers.
Make sure losses are small and profits are bigger!
  • #479
  • Apr 20, 2023 7:13am Apr 20, 2023 7:13am
Quoting 2be
{quote} This coming Friday is a third Friday of the month, monthly options expiry is often accompanied with PA reflecting the interests of option traders/writers.
Yes, 1st point of my early morning post.
I call upon my father's spirit , watching over me
  • #480
  • Apr 20, 2023 7:19am Apr 20, 2023 7:19am
Quoting Steamroller
{quote} Lets hope you closed your FDXM, I was going to buy around second blue line but will wait to see on price speed and Vix.
No, unfortunately no.....
Added now at 15870 zone n. 3FDXM and 5 FDXS same price.

Quick visit here, I have to face serious challenging outside.
I'll back tonight.

 

  1. 15750/730 zone crucial en key level for DAX CASH INDEX =850/870 zone for DAX Futures

  1. New leg lower will be towards 15555/500 zone, otherwise rebound towards 15800 zone.

  1. Placed also many closing orders around my new average prices.

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