FDAX June 2017 | Page 70 | Forex Factory

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FDAX June 2017

  • #1,381
  • Jun 2, 2017 4:53am Jun 2, 2017 4:53am
Quoting Brixen
{quote} 769 the key for next move. Probably a consolidation from 770 to 800 till 14.30 CET {image}
I was right on 770 new support zone and I was wrong on consolidation till 800.

I had to back to my desk: triggered another FDAX short at 830.

3 FDAX shorts from 810 now.

I will shot another short bullet between 845 and 859.
I call upon my father's spirit , watching over me
  • #1,382
  • Jun 2, 2017 5:02am Jun 2, 2017 5:02am
Quoting Brixen
{quote} I was right on 770 new support zone and I was wrong on consolidation till 800. I had to back to my desk: triggered another FDAX short at 830. 3 FDAX shorts from 810 now. I will shot another short bullet between 845 and 859.


4 FDAX shorts from 819 (triggered last short at 845 moments ago).
I call upon my father's spirit , watching over me
  • #1,383
  • Jun 2, 2017 5:03am Jun 2, 2017 5:03am
Quoting Brixen
{quote} 4 FDAX shorts from 819 (triggered last short at 845 moments ago).

If price goes up until US data I will change my position to overnight position.
I call upon my father's spirit , watching over me
  • #1,384
  • Jun 2, 2017 5:06am Jun 2, 2017 5:06am
Quoting Nick.
{quote} To me the curent day profile is not as important. I only use it to see when the price is starting to consolidate and I stay out of the market then. The 200 days back levels are the ones I look at for entry and exits.
Example. The blue line is a level of low volume so I took profit.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30 t1 (06-02-2017 1105).png Size: 51 KB
  • #1,385
  • Jun 2, 2017 5:19am Jun 2, 2017 5:19am
DAX is now on +1.5% from Y close and +2.0% from Friday close
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 1220.PNG Size: 83 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,386
  • Jun 2, 2017 5:20am Jun 2, 2017 5:20am
Quoting Brixen
{quote} If price goes up until US data I will change my position to overnight position.
for sure they will fill the gap in the profiler
  • #1,387
  • Jun 2, 2017 5:21am Jun 2, 2017 5:21am
Quoting Nick.
{quote} Example. The blue line is a level of low volume so I took profit. {image}
What platform are you using?
  • #1,388
  • Jun 2, 2017 5:35am Jun 2, 2017 5:35am
Quoting floydiano7
{quote} What platform are you using?
FXCM Trading Station. Is their in house proprietary platform. But does not offer the profile. Its a third party indi.
Just google and see if you can find volume profile for MT4 Im sure there are plenty of options out there.
  • #1,389
  • Jun 2, 2017 5:41am Jun 2, 2017 5:41am
Quoting Nick.
{quote} FXCM Trading Station. Is their in house proprietary platform. But does not offer the profile. Its a third party indi. Just google and see if you can find volume profile for MT4 Im sure there are plenty of options out there.
I already use for a long time but never used for a 200 period. Only using from last and current day.
The 200 called my attention but notice that i can't do such thing with the one that i use.
  • #1,390
  • Jun 2, 2017 6:05am Jun 2, 2017 6:05am
Quoting Brixen
{quote} If price goes up until US data I will change my position to overnight position.
2 FDAX shorts 875: 6 FDAX short 837.
I call upon my father's spirit , watching over me
  • #1,391
  • Jun 2, 2017 6:08am Jun 2, 2017 6:08am
Quoting Brixen
{quote} 2 FDAX shorts 875: 6 FDAX short 837.
All position I will hold overnight, but if price goes down I will close something before US data, using my gains of this week.

Today This journal made me a stupid guy in front of the FF public.
I call upon my father's spirit , watching over me
  • #1,392
  • Jun 2, 2017 6:10am Jun 2, 2017 6:10am
Quoting Brixen
{quote} All position I will hold overnight, but if price goes down I will close something before US data, using my gains of this week. Today This journal made me a stupid guy in front of the FF public.
Not stupid/ price will go down. Lot of gaps down and need to be filled sooner or later. But little dangerous indeed. Need to take a lot of heat.
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,393
  • Jun 2, 2017 6:13am Jun 2, 2017 6:13am
Quoting Dutchy Daxy
{quote} Not stupid/ price will go down. Lot of gaps down and need to be filled sooner or later. But little dangerous indeed. Need to take a lot of heat.

It's only a question of time.
But I've been not ready to understand the real intention of big hands.

820/850 is becoming new support zone, It was strong resistance. Possible retest, probably today but not sure.
I call upon my father's spirit , watching over me
  • #1,394
  • Jun 2, 2017 6:17am Jun 2, 2017 6:17am
DAX will probably make a double distribution @ the top and then slowle down to fill the pocket/Gap in the middle.

+1.5% @ 12.858
+2.0% @ 12.920

I will wait to go short till we get below the +1.5% OR short from the +2.0% zone if we get there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAX Weekly 1315.png Size: 114 KB
Click to Enlarge Name: DAX 1315.png Size: 79 KB
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,395
  • Jun 2, 2017 6:23am Jun 2, 2017 6:23am
Quoting Dutchy Daxy
DAX will probably make a double distribution @ the top and then slowle down to fill the pocket/Gap in the middle. {image}

For this reason I've made this heavy load of shorts, but ....
there is a big risk. Market has broken a very strong resistance for a long period.
In this case there is a big risk of acceleration.

In the worst scenario I will use my +80 pips gained this week to cover some losses.
I call upon my father's spirit , watching over me
  • #1,396
  • Jun 2, 2017 6:27am Jun 2, 2017 6:27am
[quote=Brixen;9936392]{quote} For this reason I've made this heavy load of shorts, but .... there is a big risk. Market has broken a very strong resistance for a long period. In this case there is a big risk of acceleration. In the worst scenario I will use my +80 pips gained this week to cover some losses.[/quote
should come down due to profit taking in any case just hold on
  • #1,397
  • Jun 2, 2017 6:30am Jun 2, 2017 6:30am
Quoting Brixen
{quote} For this reason I've made this heavy load of shorts, but .... there is a big risk. Market has broken a very strong resistance for a long period. In this case there is a big risk of acceleration. In the worst scenario I will use my +80 pips gained this week to cover some losses.
Very tricky to fight a strong market like this.
You will be right with the shorts @ the end, but how much heat can you take. Specially in the FDAX

To counter a strong market like this i will use MDAX only. Less risk.
Trend directional trades in the FDAX.
At the end there is most of the time to get more profit in directional trades then in counters is my experiance. (no critic on your trade @ all)
It's better to be out wishing to be in... than to be in wishing to be out!
  • #1,398
  • Jun 2, 2017 6:33am Jun 2, 2017 6:33am
Quoting Dutchy Daxy
{quote} Very tricky to fight a strong market like this. You will be right with the shorts @ the end, but how much heat can you take. Specially in the FDAX To counter a strong market like this i will use MDAX only. Less risk. Trend directional trades in the FDAX. At the end there is most of the time to get more profit in directional trades then in counters is my experiance. (no critic on your trade @ all)
You are totally right.
After I've made more than 1000 pips in may I believe to be like GOD in the sky.
But this pain is very useful for the future.
I have to manage this situation, especially after 14.30 CET.
I call upon my father's spirit , watching over me
  • #1,399
  • Jun 2, 2017 6:35am Jun 2, 2017 6:35am
Quoting Brixen
{quote} 2 FDAX shorts 875: 6 FDAX short 837.
2 FDAX out at 859 NOW:-22x2=-44 pips.
I call upon my father's spirit , watching over me
  • #1,400
  • Jun 2, 2017 6:58am Jun 2, 2017 6:58am
EUROSTOXX or FESX is very correlated to the DAX

FESX needs to form/build a TPO peak @ the top as well. Same as the DAX.
FESX could pop to that old N POC @3616
Pocket down to 3580 zone (not today I guess)
Attached Image
It's better to be out wishing to be in... than to be in wishing to be out!
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