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DAX Futures March 2024

  • #1,801
  • Feb 28, 2024 8:35am Feb 28, 2024 8:35am
Im preparing 1 FDXM long for a fast scalp...current 620.....
I call upon my father's spirit , watching over me
  • #1,802
  • Feb 28, 2024 8:41am Feb 28, 2024 8:41am
Quoting Brixen
Im preparing 1 FDXM long for a fast scalp...current 620.....
stop at be on break up 630 zone
I call upon my father's spirit , watching over me
  • #1,803
  • Feb 28, 2024 8:50am Feb 28, 2024 8:50am
Quoting Brixen
{quote} stop at be on break up 630 zone
Stopped out at be
I call upon my father's spirit , watching over me
  • #1,804
  • Feb 28, 2024 8:59am Feb 28, 2024 8:59am
Quoting Brixen
Now I have 1 DAX CFD short 604 (dditionals 615 till 655) and 1 FDXS long 595 (additionals from 579 till 539)
574 moments ago closed DAX CFD short 604 for +30 p DAX CFD=+6 pips FDXM
I call upon my father's spirit , watching over me
  • #1,805
  • Feb 28, 2024 9:04am Feb 28, 2024 9:04am
I remain with 1 FDXS long 595. Alert at breakeven and at 635.

Probably I will fall asleep next minutes if US and European markets keep going this slow boring lazy way........
I call upon my father's spirit , watching over me
  • #1,806
  • Feb 28, 2024 11:53am Feb 28, 2024 11:53am
Quoting Brixen
I remain with 1 FDXS long 595. Alert at breakeven and at 635. Probably I will fall asleep next minutes if US and European markets keep going this slow boring lazy way........
65..66.zone I will probably close my FDXS 595 after they broken up todays strict range, same as US SP500 price action these minutes
I call upon my father's spirit , watching over me
  • #1,807
  • Feb 28, 2024 12:26pm Feb 28, 2024 12:26pm
Quoting Brixen
{quote} 65..66.zone I will probably close my FDXS 595 after they broken up todays strict range, same as US SP500 price action these minutes
Target shifted higher 66..67..zone, as we are into irrational bullish exuberance, as US FED Chief Greenspan said a couple decades ago......
I call upon my father's spirit , watching over me
  • #1,808
  • Feb 28, 2024 12:26pm Feb 28, 2024 12:26pm
Quoting Brixen
{quote} 65..66.zone I will probably close my FDXS 595 after they broken up todays strict range, same as US SP500 price action these minutes
Can I throw some questions out here ? why would they not break the range during the cash market? Im still to understand the difference between cash market (where i understand you can trade actual contracts?)and after market hours (where you can trade just futures?) If that was the case it might explain that it’s easier to move the market with enough contracts due to lower volume ?
  • #1,809
  • Feb 28, 2024 12:49pm Feb 28, 2024 12:49pm
Quoting kilopip
{quote} Can I throw some questions out here ? why would they not break the range during the cash market? Im still to understand the difference between cash market (where i understand you can trade actual contracts?)and after market hours (where you can trade just futures?) If that was the case it might explain that it’s easier to move the market with enough contracts due to lower volume ?
I dont know, but I sggest some possible answers:

  1. PAIN TRADE, refers to the tendency of markets to inflict maximum punishment on as many investors as possible frm time to time.
  2. Imagine a scenario where most traders or some BigTrader are caught in exaggerate difficult losing positons at the end of regular session, facing fianncial pain and emotional distress.
  3. The pain can arise due tofurther unexpected market move, bad timing, exaggerate volume position or simply on being on wrong side
  4. Then the pain trade often leads to cascade effects, multiple stop losses,margin calls at risk and so on

For sure you will read next days/weeks that some Big Fund had big losses on Q1/2024 (remember Norwegian Wealth Fund bad performance last year?) while some other BigSHark is gaining tons of billions........
Ther's no mercy here, SHARK eats shark and for sure many retail traders are well cooked and roasted too

In the end I CANT EXPLAIN as only BigHands fully know whats going on, I only made some possible assumptions.

Inserted Video
I call upon my father's spirit , watching over me
  • #1,810
  • Feb 28, 2024 1:11pm Feb 28, 2024 1:11pm
I probably did my day:+13+23+4+2,5+9+6 = TOTAL +57,5 pips FDXM

I always hold 1 FDXS long 595 target 66..67..zone.
If closing ordr will be filled tonight I will count the gain on tmorrow stats.
I call upon my father's spirit , watching over me
  • #1,811
  • Edited Feb 29, 2024 12:08am Feb 28, 2024 1:23pm | Edited Feb 29, 2024 12:08am
Quoting kilopip
{quote} Can I throw some questions out here ? why would they not break the range during the cash market? Im still to understand the difference between cash market (where i understand you can trade actual contracts?)and after market hours (where you can trade just futures?) If that was the case it might explain that it’s easier to move the market with enough contracts due to lower volume ?
There are 2 questions asked:

Cash market (RTH: Regular Trading Hrs) versus (ETH: Extended Trading Hrs) trading before/after Cash Hrs

Futures try to run ahead of/predict the possible market moves of the Stocks/Indexes traded during the (RTH) cash Hrs.
That is what is in the name Futures already.


Re Voluime RTH versus ETH trading Hrs:

Some traders prefer trading during the RTH session as there is more volume and action (PA), while others prefer trading during the ETH session as there is less competition and more opportunity. But I can make often better trades during ETH trading session then during RTH trading session. More Volume doesn't mean by definition that the PA (Price Action) is better during RTH session then during the ETH session(s).

That explains maybe sometimes the wild or big moves during ETH sessions with fewer traded contracts, while during RTH session there are many more traders/contracts at work and keep the market in a range bound balanced zone.

Maybe a little more slipage during the ETH session then during the RTH session. Depends on what market you trade.

Futures reflect the market's expectations of the future value of the asset. Futures can be used for hedging, speculation, or arbitrage purposes.

(my 2 cents explaination)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,812
  • Feb 28, 2024 1:37pm Feb 28, 2024 1:37pm
Quoting Brixen
{quote} I dont know, but I sggest some possible answers: PAIN TRADE, refers to the tendency of markets to inflict maximum punishment on as many investors as possible frm time to time. Imagine a scenario where most traders or some BigTrader are caught in exaggerate difficult losing positons at the end of regular session, facing fianncial pain and emotional distress. The pain can arise due tofurther unexpected market move, bad timing, exaggerate volume position or simply on being on wrong side Then the pain trade often leads to cascade effects, multiple...
thanks Brixen, it makes sense what you said. I definitely was there last December, squeezed out of my positions. Expensive lesson. The market definitely doesn’t feel ‘comfortable’
  • #1,813
  • Feb 28, 2024 1:46pm Feb 28, 2024 1:46pm
Quoting Dutchy Daxy
{quote} There are 2 questions asked: Cash market (RTH: Regular Trading Hrs) versus (ETH: Extended Trading Hrs) trading before/after Cash Hrs Futures try to run ahead of/predict the possible market moves of the Stocks/Indexes traded during the (RTH) cash Hrs. That is what is in the name Futures already. Re Voluime RTH versus ETH trading Hrs: Some traders prefer trading during the RTH session as there is more volume and action, while others prefer trading during the ETH session as there is less competition and more opportunity. But I can make often...
definitely more than 2 cents thank you for taking time to reply .
  • #1,814
  • Feb 29, 2024 1:25am Feb 29, 2024 1:25am
Quoting Brixen
I probably did my day:+13+23+4+2,5+9+6 = TOTAL +57,5 pips FDXM I always hold 1 FDXS long 595 target 66..67..zone. If closing ordr will be filled tonight I will count the gain on tmorrow stats.
Target just hit at 665 moments ago for +70 p FDXS=+14 pips FDXM

Im very busy this morning outside trading and better stay flat till US PCE data 14:30CET.
Month end today could probably bring some decent volatility..we'll see.
I call upon my father's spirit , watching over me
  • #1,815
  • Feb 29, 2024 6:23am Feb 29, 2024 6:23am
DAX FUTURE chart for this afternoon here below

Attached Image (click to enlarge)
Click to Enlarge Name: #GER40_H24M15.png Size: 19 KB
I call upon my father's spirit , watching over me
  • #1,816
  • Edited 6:56am Feb 29, 2024 6:36am | Edited 6:56am
In the while US SP500 official index remain slight above previous ATH at 5033/5039 zone.
A break down could lead to 4950, while a rebound could lead at least to 5100

US PCE will set the tone for the afternoon into tomorrow, we'll see if it will be able to break this impasse
I call upon my father's spirit , watching over me
  • #1,817
  • Feb 29, 2024 7:06am Feb 29, 2024 7:06am
696 try a long 1FDXS moments ago, slight above 1st blue line
I call upon my father's spirit , watching over me
  • #1,818
  • Feb 29, 2024 7:09am Feb 29, 2024 7:09am
Quoting Brixen
In the while US SP500 official index remain slight above previous ATH at 5033/5039 zone. A break down could lead to 4950, while a rebound could lead at least to 5100 US PCE will set the tone for the afternoon into tomorrow, we'll see if it will be able to break this impasse
Ready for fireworks
  • #1,819
  • Feb 29, 2024 7:23am Feb 29, 2024 7:23am
Quoting Brixen
696 try a long 1FDXS moments ago, slight above 1st blue line
66..till 620 zone some additionals
I call upon my father's spirit , watching over me
  • #1,820
  • Feb 29, 2024 7:24am Feb 29, 2024 7:24am
Quoting Pixie666
{quote} Ready for fireworks
Tons of USD data, not only PCE, also personal consumption, jobless claims, personal income......we'll see

Then it' s month end.....a really unusual strong February.....
I call upon my father's spirit , watching over me
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