DAX Futures September 2023 | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

DAX Futures June 2023 1,322 replies

DAX Futures March 2023 1,924 replies

DAX Futures September 2022 1,227 replies

DAX Futures September 2021 3,825 replies

Dax Futures March 2016 148 replies

Attachments: DAX Futures September 2023
Exit Attachments

DAX Futures September 2023

  • #281
  • Jul 26, 2023 12:15pm Jul 26, 2023 12:15pm
Quoting Steamroller
Hi Brixen, what are you looking out for when holding positions through FOMC. Are you looking at initial price action? Say if price were to drop down to 16070 would you hold those positions as long as it wicks back up? Finally do you see the rebound at 16000 as institutions clearing out retail and buying? Or just a technical bounce?

  1. On July 13rd they broke on the upside 16k key level, I mean DAX CASH INDEX official price.
  2. After that day you can clearly see a low at 15995, more or less same low as today (9-17:35 official session)
  3. If prices are able to remain above last days lows = 16100 zone, imho this is usually a bullish signal
  4. Anyway it depends partly on tonight and more on Madame Lagarde tomorrow, specially if she will talk (or not) about a possible recession in Europe
  5. Yes, it could be only a technical bounce after an huge sell off, but we know wild horse is rarely obvious and a break down today's low could be a disaster for longs
  6. Regarding my positions in place, luckily the entry price is so good that can even accept a stop at be in case of high volatility next hour......while target could be even +150/+200 pts in case of short squeeze. We'll see......

P.S.:roughly +90 pts to get DAX Future price from DAX Cash Index price

I call upon my father's spirit , watching over me
  • #282
  • Jul 26, 2023 12:33pm Jul 26, 2023 12:33pm
Quoting Brixen
{quote} Just back home and luckily DAX rebounded in strong way from the blue support lines indicated 4 hours ago. As I wrote, I bought DAX CFDs (and not FDXS/FDXM) at 16040 zone, 16020 and 16010 (7 positions), 5 were closed in between 16070,16090, 16110 and 16125 zone for +45+50+60+75 and +90=+320 p DAX CFD=+64 pips FDXM. I hold now 2 DAX CFD average 16028, waiting for tonight new fireworks.... DAX FUTURE chart just updated here below. {image}
I probably will close 1 of 2 DAX CFDs I have from 16028 before 20CET and trade live, without stop the last one.....we'll see
I call upon my father's spirit , watching over me
  • #283
  • Jul 26, 2023 12:46pm Jul 26, 2023 12:46pm
Quoting Brixen
{quote} I probably will close 1 of 2 DAX CFDs I have from 16028 before 20CET and trade live, without stop the last one.....we'll see
Closed now 1 position at 133 for +105 p DAX CFD=+21 pips FDXM

I remain with only 1 DAX CFD 16028 into US FOMC, without stop.
Target for now +200 pts. We'll see after 20CET fireworks.......
I call upon my father's spirit , watching over me
  • #284
  • Jul 26, 2023 1:08pm Jul 26, 2023 1:08pm
Unusually no fireworks after the statement, probably because we had a very high volatility in Europe last 10 hours.
I will wait Powell press conference, but probably I will hold overnight my last position.
I call upon my father's spirit , watching over me
  • #285
  • Jul 26, 2023 2:10pm Jul 26, 2023 2:10pm
Done my day:+64+21=TOTAL +85 pips FDXM
I hold for tomorrow 1 DAX CFD 16028.
I call upon my father's spirit , watching over me
  • #286
  • Jul 27, 2023 1:04am Jul 27, 2023 1:04am
Quoting Brixen
Done my day:+64+21=TOTAL +85 pips FDXM I hold for tomorrow 1 DAX CFD 16028.
16188 right now: closed my last position for +160 p DAX CFD=+32 pips FDXM

FLAT and half day off for me, I'll back for ECB statement/press conference this afternoon.
I call upon my father's spirit , watching over me
  • #287
  • Jul 27, 2023 2:20am Jul 27, 2023 2:20am
Attached Image (click to enlarge)
Click to Enlarge Name: #GER40_U23M15.png Size: 18 KB
I call upon my father's spirit , watching over me
  • #288
  • Jul 27, 2023 7:05am Jul 27, 2023 7:05am
16411 just filled 1 FDXM short, some additionals on possible spikes 43..till 45..zone, unchartered zones
I call upon my father's spirit , watching over me
  • #289
  • Jul 27, 2023 7:11am Jul 27, 2023 7:11am
Quoting Brixen
16411 just filled 1 FDXM short, some additionals on possible spikes 43..till 45..zone, unchartered zones
No ambition, a little scalp.
16427 high last 16 june for DAX CASH INDEX = 16510/520 zone for DAX Future price
I call upon my father's spirit , watching over me
  • #290
  • Jul 27, 2023 7:25am Jul 27, 2023 7:25am
Quoting Brixen
{quote} No ambition, a little scalp. 16427 high last 16 june for DAX CASH INDEX = 16510/520 zone for DAX Future price
430 was filled too, now I close FDXM short 411 at 405 curen tprice
I call upon my father's spirit , watching over me
  • #291
  • Jul 27, 2023 7:26am Jul 27, 2023 7:26am
Quoting Brixen
{quote} 430 was filled too, now I close FDXM short 411 at 405 curen tprice
+6 pips FDXM
Stop at be now for FDXM short 430
I call upon my father's spirit , watching over me
  • #292
  • Jul 27, 2023 7:29am Jul 27, 2023 7:29am
Quoting Brixen
{quote} +6 pips FDXM Stop at be now for FDXM short 430
401 closed now before US data and press conference Lagarde
I call upon my father's spirit , watching over me
  • #293
  • Jul 27, 2023 7:30am Jul 27, 2023 7:30am
Quoting Brixen
{quote} 401 closed now before US data and press conference Lagarde
+29 pips FDXM
I call upon my father's spirit , watching over me
  • #294
  • Jul 27, 2023 7:43am Jul 27, 2023 7:43am
I am not able to trade and post this afternoon. I'll back for DAX CASH INDEX official close...probably.

Anyway I leave some buy orders 1625,,27,,zone DAX CFDs in case of decent retracement
I call upon my father's spirit , watching over me
  • #295
  • Jul 27, 2023 9:53am Jul 27, 2023 9:53am
Quoting Steamroller
...what are you looking out for when holding positions through FOMC. Are you looking at initial price action? Say if price were to drop down to 16070 would you hold those positions as long as it wicks back up? Finally do you see the rebound at 16000 as institutions clearing out retail and buying? Or just a technical bounce?
A few thoughts from me. Brixen, I hope you don't mind.

Quote
...do you see the rebound at 16.000 as institutions clearing out retail and buying? Or just a technical bounce?
These were not just institutionals but very special ones. It's trading algos (HFT?). Since a few years (3-5) about 70% of the daily trading volume in DJIA and SP&500 is generated by such algos. Numbers for the DAX will be less but with similar trend. Yesterday the DAX was fully algo-driven. In the DAX it happens round about once a month, other examples: 25.05.2023, 06.07.2023. Those guys know that after FOMC/ECB prices will go up siginificantly and scare the shit out of retail traders, to fill their pockets before the move. On such days price usually knows only a single direction, and from my experience it only happens to the downside. Yesterday it went down from the first minute until Chicago opened (15:30 CET, the low was 3 minutes before). From then it only went up. No clean swings, no proper retracements, very difficult to trade. On days like this just ignore all the noise and spikes.

Quote
...what are you looking out for when holding positions through FOMC. Are you looking at initial price action?
Imho such big news events are impossible to trade with standard approaches (TA, indicators, specific price levels). But simple range breakouts work. Look at the range of the 30 minutes between announcement and press conference and trade in the direction of the breakout. Ignore all indicators and just take the direction, whatever it is. Use the other side (or less) as stop, aim for the size of the range, don't be greedy.
It takes blood, sweat and enough tears to wash away the blood.
  • #296
  • Jul 27, 2023 11:34am Jul 27, 2023 11:34am
Quoting emmzett
{quote} A few thoughts from me. Brixen, I hope you don't mind. {quote} These were not just institutionals but very special ones. It's trading algos (HFT?). Since a few years (3-5) about 70% of the daily trading volume in DJIA and SP&500 is generated by such algos. Numbers for the DAX will be less but with similar trend. Yesterday the DAX was fully algo-driven. In the DAX it happens round about once a month, other examples: 25.05.2023, 06.07.2023. Those guys know that after FOMC/ECB prices will go up siginificantly and scare the shit out of retail...
What can I say dear Emmzett after your in depth thoughts......

You wrote "Those guys know that after FOMC/ECB prices will go up siginificantly", while we humans dont know anything before and often in the while.
We only see prices that went up and keep going up at the speed of sound, without any typical retracement!
After these incredible days I REALLY feel myself very lucky after I survived and in gain for another day!
This is a very tough tough job and you can be destroyed by usual sharks anytime, anyday......

P.S: by the way, I have seen an incredible Swiss invasion with a full range of cars, SUV and so on this summer from North to South Italy. Enormous invasion!!
I'm aware that a lot of Italians are living and working there, so they come back for thei holiday summer, but believe me, this summer there is an huge invasion from your land..... and they weren't ordinary cars!!!!
I call upon my father's spirit , watching over me
  • #297
  • Jul 27, 2023 11:39am Jul 27, 2023 11:39am
45..zone till 490/510 zoneplaced some DAX CFds short in case of exaggerations on European after hours
I call upon my father's spirit , watching over me
  • #298
  • Jul 27, 2023 12:58pm Jul 27, 2023 12:58pm
46...44.zone, placed some FDXM buy ordrs, current 474

unfortunately no short was filled, see previous post
I call upon my father's spirit , watching over me
  • #299
  • Jul 27, 2023 1:04pm Jul 27, 2023 1:04pm
Quoting Brixen
46...44.zone, placed some FDXM buy ordrs, current 474 unfortunately no short was filled, see previous post
469 just filled 1 FDXM now
I call upon my father's spirit , watching over me
  • #300
  • Jul 27, 2023 1:12pm Jul 27, 2023 1:12pm
Quoting Brixen
{quote} 469 just filled 1 FDXM now
449 added now
I call upon my father's spirit , watching over me
1 trader viewing now