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FDXM1! trade ideas

Understanding Sessions - DAX FuturesFollow up from yesterday's post for US Futures, but same concepts apply for ALL assets in any market. See this example from the action this morning. DAX hasn't yet settled beneath the US Session Open, clearly indicating current pressure remains up. Yet the range potential on a push higher or lower is nice and wide. For these cases I tend to prefer to play the reaction to the next move, not predict the move itself. If you're scalping, you can use the smaller timeframe session open such as 5 minute as a guide for 'in the moment' pressure, but always keep these bigger sessions in mind and where you are in relation to them. Reference my earlier posts from yesterday and this morning for ES for more info.
EUREX:FDAX1!Education
by TheSessionMaker
Short 15080I was asked to give more meaningful descriptions. You know I am just an engineer and usually in my mailing lists I just write ‘long 100’ and at exit ‘flat 120’ without any explanation at all. Most signals are time critical so writing explanations would cost the costumers money. But I will try to give you a better understanding. My signals are generated by automated trading systems. So I often have to go into the source code to figure out what was the deciding factor for the signal. The systems generate about 10 to 20 signals a day so debugging can easily become a full time job. But in this case it was pretty simple to sort out what overruled the rivaling factors. It was a chart pattern that my colleagues and I named in german “hängender Schwanz”. I don’t know the exact translation but it means that the candlesticks show a period of preludium, followed by calmness with small candles in a clear trend, followed by a climax with high volume, a calm eye of the storm, followed by uncertainty, a reversion to a gradually falling slope and then an inversion into the opposite direction while repeating the whole move with reversed signs but some important differences. YM 35000+ was the eye of the storm. YM 34000 to 35000 was the uncertainty and now we flow into the inversion. FDAX is dominated by YM, so the same applies here adjusted by local factors like currency, time zone, monetary policy etc. The next few days into autumn will let us know if this is just a minor correction or a move over some month.
EUREX:FDAX1!Short
by FDAXtrading
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