This week was short and had a bunch of scary obstacles
Read previous posts...

Now as those are already history - we may (sic.!) look forward to the next
scary week:

Nothing special on the plate - just triple witch on Friday!

As price is on its way up (up, up, up) we might see NEW ATH in coming week just
before triple witch day.

Have a great weekend and juicy trades next week!

GFIs1

Dax long 10:30 to 13:00

entry @ 12755
exit @ 12725 (SL)
result - 30 points

IB vol good - signal BAD

GFIs1

Today last trade with June contract. From tomorrow - Sep contract.

Dax short 9:30 to 15:30

entry @ 12819
exit @ 12849 (SL)
result -30 points

IB vol

GFIs1

Tricky entry this morning indeed

No chance to see pattern (like today a Wednesday short) normally working.
We are in the week of triple witch (Friday 13:00h for the DAX).
That means some other parties are shaking the price levels.

No problem so far - things will get calmer from next week on.

GFIs1

As we see price nearing last ATH in the DAX - a new might be at the
front door soon.

For sure the 127xx level is history for next days.

132xx - we are coming

Means again HIGHER margins on the futures - oops!

GFIs1

Session not finished yet: New ATH 12921

FED decision of this evening might fire up the speculations.

Good trades
GFIs1

After that strange up and down yesterday a new trade:

Dax short 9:30 to 16:30

entry @ 12754
exit @ 12659
result 95 points

GFIs1

Volume all day good
Bottom not reached yet

GFIs1 

After that strange up and down yesterday a new trade: Dax short 9:30 to 16:30 entry @ 12754 exit @ result GFIs1

no stoploss?

hobbys11 

no stoploss?

Do we need one?
SL settings are well known throughout this thread.
Today we are short and since the first minutes positive.
Of course we could move SL to breakeven - but this
action needs energy for nothing.

GFIs1

PS: IB vol is not that great measure in triple witch week.
Means that some trades are done on the June contract
and some others are already shifted into the Sep contract.
Therefore one should add both to see if volume is enough.
My short view on June contract said that we are safe.

This is second future this year that ends.
Mid year. And after a rally that had not been seen before within 6 months.
Of course price has made some "erratic" moves. And brought many trades
outside the wishful thinking.

For the DAX @ 13:00 the June contract will stop. Willingly or forced.

As I had here a tricky week - there will be no trade tomorrow:
• volumes will no longer be high (had already priced in)
• range will not be high tomorrow (experience)

So things settle for a new ATH to kill 13k
The only answer we do not have is by when.

In any case - some calmer months will be ahead.

GFIs1