FDAX Dec 2016 | Page 15 | Forex Factory

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FDAX Dec 2016

  • #281
  • Oct 24, 2016 10:53am Oct 24, 2016 10:53am
Quoting Brixen
Bought now 3rdFDAX at 754 . Now I have 3 FDAX at 770,5.
big FDAX contracts? that is quite some exposure.. how many contracts do you hold maximum? 3?

Quote
a moment where price and KS level were too close each other.
what does it mean for you when they are too close? no momentum?
are you trading with the heiken ashi candles only?
  • #282
  • Oct 24, 2016 12:55pm Oct 24, 2016 12:55pm
Quoting karuner
{quote} big FDAX contracts? that is quite some exposure.. how many contracts do you hold maximum? 3? {quote} what does it mean for you when they are too close? no momentum? are you trading with the heiken ashi candles only?
Yes I have now a big exposure, but after this good year (till now) I can manage this situation and I can add another 1/2 FDAX but I prefer to reduce my portfolio and I will sell 1FDAX is price will be close to breakeven tonight.
After all I have more positive issues on my favour (at the moment) than negative:

1. today DAX CASH INDEX has had the higher close in the last months;
2. as I said this morning there is a good chance to strong upside movement starting from these levels (more or less) till end of the year and I will hold my position for the next days/maybe week;
3. tomorrow morning IFO data will produce volatility, and in this case I will sell 1FDAX on spikes up or buy on spikes down;
4.EURUSD is supportive for FDAX until 1.09 holds and Brexit will transfer financial activity from London to other big european centres (Germany is in pole position).
5. In any case today I have a gain of 15 pips on 1FDAX and around 60 pips on 1FDXM.
6. KSen on M30, H1 remain strong on the upside, while on lower TF is slightly bearish, son for me it's a buy on dips situation.

Tonight I have only this unusual gap on S&P500 index that hurts me (Nasdaq Index is usual to have big gaps for days, weeks, or months).
I call upon my father's spirit , watching over me
  • #283
  • Oct 24, 2016 1:08pm Oct 24, 2016 1:08pm
Quoting karuner
{quote} big FDAX contracts? that is quite some exposure.. how many contracts do you hold maximum? 3? {quote} what does it mean for you when they are too close? no momentum? are you trading with the heiken ashi candles only?
I attach an example when KS is too close to the bid/ask price.
This is M30 FDAX situation these days (M30 or M20 are my higher TF).
You can see that every KS line touch or slightly below KS has been the best occasion to buy these days (obviously this has been a very strong trend).
And you can see also that at 20 CET today is back very fast on long side.

Attached Image (click to enlarge)
Click to Enlarge Name: FDAXM3024oct2016.png Size: 32 KB
I call upon my father's spirit , watching over me
  • #284
  • Oct 24, 2016 1:23pm Oct 24, 2016 1:23pm
Thanks for analyzing your plan (very helpful to understand how you are thinking in trading. Told you more questions will come in the following days)
Any questions arising wont be criticizing, but understanding your way of trading. Have read your past journals and as said I am impressed.
Hope this nice job will continue.
  • #285
  • Oct 24, 2016 1:35pm Oct 24, 2016 1:35pm
Quoting forex_dimi
Thanks for analyzing your plan (very helpful to understand how you are thinking in trading. Told you more questions will come in the following days) Any questions arising wont be criticizing, but understanding your way of trading. Have read your past journals and as said I am impressed. Hope this nice job will continue.
Ok, but I'm human and as I've said many times we can loose what we have earned in weeks or months in few seconds or hours.
I have always this way of thinking in my head and the fear is always on the sideline of my mind.
I trade for living and this is not a game, is a war.
I call upon my father's spirit , watching over me
  • #286
  • Oct 24, 2016 2:03pm Oct 24, 2016 2:03pm
Quoting Brixen
Bought now 3rdFDAX at 754 . Now I have 3 FDAX at 770,5.
Sold 1FDAX seconds ago at 769:-1,5 pips.
I call upon my father's spirit , watching over me
  • #287
  • Oct 25, 2016 12:40am Oct 25, 2016 12:40am
Quoting Brixen
{quote} Sold 1FDAX seconds ago at 769:-1,5 pips.
Today I start with 2FDAX at 770.5 (one was sold yd evening around breakeven).

I will sell another one around 800 and I will wait or :
a retest of yd high to sell the last one;
or for a test of last week high (new support for today around 730/750) to buy another one.

Below 765 downtrend
Above 815 uptrend
I call upon my father's spirit , watching over me
  • #288
  • Oct 25, 2016 2:20am Oct 25, 2016 2:20am
Sold 1 FDAX at 794,5: +24 pips.

Now I have 1FDAX at 770.5
I call upon my father's spirit , watching over me
  • #289
  • Oct 25, 2016 2:30am Oct 25, 2016 2:30am
Quoting Brixen
{quote} Bought last minutes one small position, 1FDXM at 782.
Sold 1FDXM now at 808:+26 minipips.
I call upon my father's spirit , watching over me
  • #290
  • Oct 25, 2016 2:31am Oct 25, 2016 2:31am
If price spikes up before IFO data I will sell last FDAX bought at 770,5.
I call upon my father's spirit , watching over me
  • #291
  • Oct 25, 2016 2:53am Oct 25, 2016 2:53am
Quoting Brixen
If price spikes up before IFO data I will sell last FDAX bought at 770,5.
Sold at 810,5:+40 pips.

Total for today: +64 pips and + 26 minipips.
I call upon my father's spirit , watching over me
  • #292
  • Oct 25, 2016 5:49am Oct 25, 2016 5:49am
Market is waiting US open to take a direction.
Very narrow range in place (between 789 and 802).

US S&P500 has this unusual gap to cover (current 10 points, more or less 0,5%) that can move all the markets.
This situation has stopped me to take further action this morning. I'm totally flat, but with some good gains in my pocket.
Better to wait.....
I call upon my father's spirit , watching over me
  • #293
  • Oct 25, 2016 8:19am Oct 25, 2016 8:19am
Looking to buy for fast trade .... current 775
I call upon my father's spirit , watching over me
  • #294
  • Oct 25, 2016 8:36am Oct 25, 2016 8:36am
Below 765 downtrend and double top daily in place.
I call upon my father's spirit , watching over me
  • #295
  • Oct 25, 2016 9:18am Oct 25, 2016 9:18am
Quoting Brixen
Below 765 downtrend and double top daily in place.
Strong reaction from 765 level. I had to follow, but today I'm not in the risk mood, after good morning gain.

Now it seems a choppy action between 765 and 810 zone, without break till now.
I call upon my father's spirit , watching over me
  • #296
  • Oct 25, 2016 9:27am Oct 25, 2016 9:27am
Bought 1FDAX at 764 now
I call upon my father's spirit , watching over me
  • #297
  • Oct 25, 2016 9:42am Oct 25, 2016 9:42am
Quoting Brixen
Bought 1FDAX at 764 now
Not closed for few pips (779). Let's see what will happen .....
Below 745/735 last week highs is becoming support
I call upon my father's spirit , watching over me
  • #298
  • Oct 25, 2016 9:47am Oct 25, 2016 9:47am
S&P 500 INDEX is closing his gap these minutes
I call upon my father's spirit , watching over me
  • #299
  • Oct 25, 2016 10:18am Oct 25, 2016 10:18am
Quoting Brixen
{quote} Not closed for few pips (779). Let's see what will happen ..... Below 745/735 last week highs is becoming support
Bought 2nd FDAX at 740.
Now I have 2 FDAX at 752. I will sell one around breakeven.
I call upon my father's spirit , watching over me
  • #300
  • Oct 25, 2016 10:29am Oct 25, 2016 10:29am
DAX CASH INDEX has a gap to cover at 737 (FDAX 730/732)
I call upon my father's spirit , watching over me
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