It is something I keep my eye on and do think it is important. I should've been paying closer attention to it today. It was a good tell(after the fact).
180 x 180 = 62.5 euro (gross) -261.5 euro(net)
I' m made some money on the short side in the first 45 min. Then gave it all back and more in the chop after 3:30am central time. I found myself getting upset and frustrated. I got totally out of sync with the market and cut back my size...
There are a bunch of platforms that offer depth of market, TT, PATS, I know there are add ons for IB, but don't know what they are. The depth of market I'm talking about is on the DAX futures.
The bloomberg is about $2300 a month with a T-1.
I don't know of any websites that list European eco. events, I'm sure there are some though. I get my info from my bloomberg terminal.
I'll post the economic events for the week every Sunday. Will that do?
I'm just not into that stuff, I've never really used it. I learned to watch volume and price action and other markets that have an effect what ever I'm trading.
I trade the DAX from 2:00 am central time to 10:30 central time when the German Equity market closes.
The majority of my trading occurs between 2:00-4:00 and 8:30(when the U.S. open) - 10:30 when the Geraman equities close.
I've looked and the exchanges don't disseminate this data in the form of an indicator with a symbol. However, you can program adv/dec yourself, and come up with something similar to the trin for the 30 DAX stocks. The TICK is much trickier.
Once the market gets into a range where I'm looking to buy I use the depth of market to try to identify shift in momentum(bids stop getting hit, offer is taken with size...), I don't trade solely off of it.
It is something that you have to get a feel for. 90% of the time it is useless...
The best way is just to watch the market every day and take notes as the what you notice. Pay close attention to volume, and how the market acts after if makes a new high or low.
When I started out I used to chart the market by hand after it closed. I did this with 1 min. bars on the s&p...
Yes, I think if you trade just the first two hours of the DAX you could make a decent profit. I'd say about 70% of my profits come in the first two hours.
Yes, it would be worth you time to study the first 2 hours of the DAX. In my opinion.
That average # is messed up on TT. It uses the average of a position and always rounds the position up or down depending on wether you were long or short. Then use thi to figure your avg price.
I'll post another TT shoot with the # of ticks I made.
I did 279 x279 and pulled out 219...
279 x 279 = 2737.5 euro (gross) 2235 euro (net)
$3348 U.S. (gross) $2740.5 U.S. (net)
I still didn't feel very good today so I traded a little less. I thought we would make new highs today, so I played with a long bias early on. I caught the up move then cut...