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edit 14:00 - price +100 forward - hope to see 10250 until end of trade
was time to get out - US was breaking the trend - again - the 10250 are ahead anyway
edit 17:30 - down to 10256 - and some moments after cash closing lower than 10250
looks good what the chart gave - the patterns were instead a bit more on the security side
Anyway - a good result for the normally no longer touched Tuesday. Just because the fact
that normally on Tuesday a straight move is not in sight.
After having negative oil prices - the brokers are doing the job and want to have more security on their products - in other words the margins.
In this thread the DAX margins are most interesting. They have gone up as always in insecure moments. Today we have such and I will show the actual margins for 2 classes of DAX futures here. It is about the FDAX which multiplies every point with 25. Means gaining one point you get +€25.
The FDXM multiplies with 5. Means gaining one point you get +€5.
What you need to have on your account to get one of those here:
Dont' forget to read about "overnight margin" thoroughly - means 21:40 you get a margin call if your account is insufficient... Could also happen if you haven't closed your trade during the day.
To sum it up: the margins are in times like today quite expensive so that you can trade less contracts than in low volatile periods.
Example: you want to have ONE FDAX overnight - your account needs show today € 27,000. From the second just € 21.500 per contract.
DAX made after 2 days short a return to long this morning.
DAX long 10:30 to 13:30
entry @ 10377
exit @ 10344
result -33 points
GFIs1
GOAL - 10490 eventually at its best
edit 13:31 - the bullish move ended to early. Might give some more points with a short from now into US open (1,5h from start) - Good trades
No revenge trade foreseen though
But for tomorrow a open trade foreseen - as Tuesday was already a good chance
Thursday afternoon spikes up are showing that tomorrow Friday's prices might dive.
In the 4h chart the price sits now on top of Kumo.
Might give a wading through south.
Clear view tomorrow on IB 9:00 to 9:30