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DAX Futures December 2023

  • #821
  • Oct 5, 2023 4:22am Oct 5, 2023 4:22am
Quoting Brixen
Yd afternoon during US session, the crucial level for DAX CASH INDEX was at 15050/060 zone = 170 zone for DAX FUTURES
Here we are again, crucial zone just before 15010/14990 zone and then 14950 zone.

added 2 positions for now 055, so I have now 3 DAX CFD 15066.
Couple closing orders slight above new average price.

I'll back in an hour..hopefully
I call upon my father's spirit , watching over me
  • #822
  • Oct 5, 2023 5:05am Oct 5, 2023 5:05am
Quoting Brixen
{quote} Here we are again, crucial zone just before 15010/14990 zone and then 14950 zone. added 2 positions for now 055, so I have now 3 DAX CFD 15066. Couple closing orders slight above new average price. I'll back in an hour..hopefully
15081 now closed 2 positions for +30 p DAX CFD in total=+6 pips FDXM
I call upon my father's spirit , watching over me
  • #823
  • Oct 5, 2023 5:22am Oct 5, 2023 5:22am
Quoting kilopip
{quote} I just missed the BO closing positions at 15097. Sometimes missed opportunity hurt the same as loss
This is an electronic worlwide market and whoever may trade, as you perfectly know.

And it's always well directed by usual BigSharks that have sophisticated AI Trading sotwares probably also built and set on main humans sentiment as fear, frustration, greed, panic and so on.
I mean they want, they search for your emotions,as in this way you become weaker than ever.
And they build sophisticated, sometimes very fast traps as they want massive preys to fall inside.

This is not a fair game Kilopip, and ther's no mercy here!
They want your money and often they want your blood. Only after they are satisfied and they have done their job, 24 hours a day for every single holy day!!

Probably I only wrote obvious thoughts in current post, but I better do not forget where we are and what we are doing here!
I call upon my father's spirit , watching over me
  • #824
  • Oct 5, 2023 7:00am Oct 5, 2023 7:00am
Quoting Brixen
{quote} 15081 now closed 2 positions for +30 p DAX CFD in total=+6 pips FDXM
I hold now only 1 DAX CFD 15066 and waiting US data and US session.

I'm aware thay could break today's low at 15052, but on the other side and with US help we even could see 15250/230 zone later or tomorrow.
Back for the US session
I call upon my father's spirit , watching over me
  • #825
  • Oct 5, 2023 8:20am Oct 5, 2023 8:20am
Quoting Brixen
{quote} I hold now only 1 DAX CFD 15066 and waiting US data and US session. I'm aware thay could break today's low at 15052, but on the other side and with US help we even could see 15250/230 zone later or tomorrow. Back for the US session
It could be a sideline session after yd strong close in US markets, waiting for tomorrow US NFP.....We'll see
I call upon my father's spirit , watching over me
  • #826
  • Oct 5, 2023 8:34am Oct 5, 2023 8:34am
There's nothing to trade during last 3/4 hours....I could fall asleep this afternoon.....
I call upon my father's spirit , watching over me
  • #827
  • Oct 5, 2023 10:11am Oct 5, 2023 10:11am
I will not add now at 15050 zone.
They could easily break down at this time of the day the strict today range , but it could also be a way to catch some stops into the official close.

If prices will not hold I'll wait for next station 15010/090 zone before 14950, main support and yd lows.
I call upon my father's spirit , watching over me
  • #828
  • Oct 5, 2023 12:26pm Oct 5, 2023 12:26pm
Quoting Brixen
{quote} This is an electronic worlwide market and whoever may trade, as you perfectly know. And it's always well directed by usual BigSharks that have sophisticated AI Trading sotwares probably also built and set on main humans sentiment as fear, frustration, greed, panic and so on. I mean they want, they search for your emotions,as in this way you become weaker than ever. And they build sophisticated, sometimes very fast traps as they want massive preys to fall inside. This is not a fair game Kilopip, and ther's no mercy here! They want your money...
from your years of experience you must have seen a massive shift in trading patents (?). I sometimes think ( foolishly) that trading a decade or two ago was easier .
  • #829
  • Edited 1:42pm Oct 5, 2023 1:23pm | Edited 1:42pm
Quoting kilopip
{quote} from your years of experience you must have seen a massive shift in trading patents (?). I sometimes think ( foolishly) that trading a decade or two ago was easier .
Very interesting question Kilo, and I thank you for this. I will try to reply in best way I can remember.

Main significant differences I see nowadays compared to a couple decades ago when I started trade futures at Eurex are:

  1. today we can trade FDXS/FDXM/FDAX + DAX CFD but since October 2015 there was only FDAX with a minimum margin of roughly 7/8k euro intraday and 20k for multiday, as leverages were not so elevated as today. Then DAX those old days was at 7000/8000pts and not at 15000as nowadays. So few retail investor/ttraders could afford thosemargins for trading the FDAX.
  2. Eurex hours started at 9CET and closing hour was at 20CET. I remember the open price was a lottery as it changed many many times minutes/seconds before 9CET and sometime in so crazy way.
  3. Volumes were 1/3rd than today, lets say 20k volumes a day vs 60k volumes average nowadays for FDAX. I only laugh today when someone says thers lack of volumes on some day,volumes nowadays are enormous for main Eurex products.
  4. Volatility was high as today, then if you take into account financial crisis 2008, Greece and EU problems 2011 and after, you can easily understand that we had same wild days as during the Covid waves
  5. Imho to have so many instruments for DAX nowadays is a great fortune, a great tools for we humans retail trader. I never could reach my performances of last years trading and risking only with FDAX. And it was a big big risk. Have you ever traded 1 FDAX Kilopip, you can risk an heart attack every second you are in position, if you dont FULLY control your emotions.
  6. Not so many Bank/Brokers were able to offer DAX Future that time, lets say it was for many traders a niche market, even unknown for most.
  7. Today even last new Broker may offer to you everything you want, even Cryptos.

I call upon my father's spirit , watching over me
  • #830
  • Oct 5, 2023 1:38pm Oct 5, 2023 1:38pm
Done my day:+7+5++9+3+36+16+6=TOTAL +82 pips FDXM

I keep holding for tomorrow 1 DAX CFD 15066.
I call upon my father's spirit , watching over me
  • #831
  • Oct 5, 2023 8:50pm Oct 5, 2023 8:50pm
Quoting Brixen
{quote} . Today even last new Broker may offer to you everything you want, even Cryptos.
But only a couple of them look reliable
There were a few cfd brokers before and now we have so many
One can be sure most of them are crooks if to read reviews
What broker do you personally use to trade cfd if it is not a secret?
  • #832
  • Oct 6, 2023 12:56am Oct 6, 2023 12:56am
Quoting Brixen
{quote} Very interesting question Kilo, and I thank you for this. I will try to reply in best way I can remember. Main significant differences I see nowadays compared to a couple decades ago when I started trade futures at Eurex are: today we can trade FDXS/FDXM/FDAX + DAX CFD but since October 2015 there was only FDAX with a minimum margin of roughly 7/8k euro intraday and 20k for multiday, as leverages were not so elevated as today. Then DAX those old days was at 7000/8000pts and not at 15000as nowadays. So few retail investor/ttraders could afford...
,
great reply. It sounds like you have fond memories of past years of trading and you seem to positively embrace the technological change (but this seem to happen all the time youve seem many changes like that) very insightful,thanks for taking time to relpy
  • #833
  • Oct 6, 2023 12:58am Oct 6, 2023 12:58am
Quoting Pocae
{quote} But only a couple of them look reliable There were a few cfd brokers before and now we have so many One can be sure most of them are crooks if to read reviews What broker do you personally use to trade cfd if it is not a secret?
Hi Pocae, this is my usual reply (you will find on my previous journals, previous years) to this question that from time to time someone asks to me here:

"I'm trading using same Bank/Broker since 1999. I made tons of operations every day, every week, every year, so we agreed fixed good conditions, so I have fixed spread and prices stick to official DAX CASH IDNEX price, + decent fixed well established commissions on Eurex. I'm good, and no problem.
It's a local, national Bank,one of the 1st well connected to Eurex, even 15 min walk from my house with real peope employed, no real problems with them in nearly 20 years.
Then me and my wife, next my eldest son, we have non trading account also with that Bank since 2 decades".
I call upon my father's spirit , watching over me
  • #834
  • Oct 6, 2023 1:06am Oct 6, 2023 1:06am
Just bought 1 FDXS 209 while I replied to Pocae.
Attached Image (click to enlarge)
Click to Enlarge Name: 209.png Size: 10 KB
I call upon my father's spirit , watching over me
  • #835
  • Oct 6, 2023 1:14am Oct 6, 2023 1:14am
Quoting kilopip
{quote}, great reply. It sounds like you have fond memories of past years of trading and you seem to positively embrace the technological change (but this seem to happen all the time youve seem many changes like that) very insightful,thanks for taking time to relpy
It was a pleasure reply to your interesting question, as reminds me when I was a younger trader.........
And Yes, I watch positvely to every tech change as I fully agree to what Seneca said many many centuries ago.....
Attached Image (click to enlarge)
Click to Enlarge Name: Seneca.png Size: 120 KB
I call upon my father's spirit , watching over me
  • #836
  • Oct 6, 2023 1:15am Oct 6, 2023 1:15am
Quoting Brixen
Just bought 1 FDXS 209 while I replied to Pocae. {image}
15190 zone main support for today for DAX Futures.

Only fast spikes down allowed if prices want see at least 15250/270 and then 15300 zone
I call upon my father's spirit , watching over me
  • #837
  • Oct 6, 2023 1:25am Oct 6, 2023 1:25am
I hold now 1 FDXS 209 + 1 DAX CFD 15066 bought yd.
Wait and see mode activated for me for now.
Real games after 9CET and specially after 14:30CET today.......
I call upon my father's spirit , watching over me
  • #838
  • Oct 6, 2023 2:09am Oct 6, 2023 2:09am
Yd DAX CASH INDEX official range (15048/15158) was strictest in last weeks.
A break (up or down) could be potentially explosive, as history showed...we'll see
I call upon my father's spirit , watching over me
  • #839
  • Oct 6, 2023 2:10am Oct 6, 2023 2:10am
Quoting Brixen
I hold now 1 FDXS 209 + 1 DAX CFD 15066 bought yd. Wait and see mode activated for me for now. Real games after 9CET and specially after 14:30CET today.......
289 1st target for FDXS in case of break up
I call upon my father's spirit , watching over me
  • #840
  • Oct 6, 2023 2:25am Oct 6, 2023 2:25am
Dax exploded up like not many times lately.
Luckily caught that move

That was another great week of the journey alongside your journal.
Have a good and a sunny weekend Brixen and all of the poeple around here

Cheers!
"There is only one success: to be able to spend your life in your own way."
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