Any successful intraday Dax traders here?

[barcadia]

I don't know how to program so I have to rely on my eyes to backtest.
I'm just using technical analysis like trendlines, doubletops, support/resistance etc, which I assumed should work on any market? (if any of it actually works at all)
I'm gonna leave the Dax alone I think, as someone told me that it's the hardest market there is.

Will try with some currency futures tomorrow.
I just really feel as though it's all just something invented to sell books and seminars etc.
The only time it seems to 'work' is when someone annotates a chart in hindsight.

Will see how I get on with EURUSD and GBPUSD tomorrow

 

[wrbtrader]

...I just really feel as though it's all just something invented to sell books and seminars etc.
The only time it seems to 'work' is when someone annotates a chart in hindsight.

Will see how I get on with EURUSD and GBPUSD tomorrow

The stuff you mention like doubltops, support/resistance are an analysis (not trade entry signals). For example, what was your trade entry signal when you saw those double tops/bottoms ?

Thus, maybe nothing wrong with double tops/bottoms analysis or s/r analysis...the issue may be your trade signals or may be your trade management after entry. Therefore, your problem should still exist if/when you trade something else.

Yet, it will be difficult for you to pinpoint your problem until you've done manual backtesting.

 

[sgeesala]

My first post here @ elite trader. Was trying DAX futures for some super scalping. The market looks fantastic. Just have a trend indicator and scalp in that direction. Traded it over the last week in SIM..attaching the trades..

 

[Buck]

My first post here @ elite trader. Was trying DAX futures for some super scalping. The market looks fantastic. Just have a trend indicator and scalp in that direction. Traded it over the last week in SIM..attaching the trades..

Hi Sgeesala. here are some fib levels worth noting if you trade the Dax. hope it helps

 

[wrbtrader]

My first post here @ elite trader. Was trying DAX futures for some super scalping. The market looks fantastic. Just have a trend indicator and scalp in that direction. Traded it over the last week in SIM..attaching the trades..

Timing is a big part of trading.

Your timing to get interested in the DAX on the simulator this month of December is almost picture perfect...a great time to be trading the DAX.

Therefore, did you start simulator for the first time this month in the DAX ?

If not, I'm curious about how you performed in August, September, October and November especially the month of August.

 

[ryanwatson69]

I've been trading the NQ with a little success but am based in Europe at the moment and would like to trade the Dax.
However, I've been demo trading it for a while now and I can't get a thing right with it.

The way I read the price action on the NQ doesn't seem to work on the Dax.

I always thought that Price action work on all markets, but with the Dax I get stopped out again and again.

Can any successful Dax traders give any hints or maybe share a few days wirth of charts with entries etc to give me an idea? I tend to use mainly a 5min chart, as well as a longer timeframe for general trend ideas, and a tick chart to try to fine tune entries.

check out dax gap trading for some ideas

 

[sgeesala]

Timing is a big part of trading.

Your timing to get interested in the DAX on the simulator this month of December is almost picture perfect...a great time to be trading the DAX.

Therefore, did you start simulator for the first time this month in the DAX ?

If not, I'm curious about how you performed in August, September, October and November especially the month of August.

Hi wrbtrader, I usually try scalping in brent futures but the volatility and the opportunities are less compared to DAX. Of course DAX is at some decent levels(higher) recently which brings in the volatility and that's is exactly why I was exploring DAX this week.

 

[wrbtrader]

Have you backtested the DAX for the prior trading months ? If so, what were the results in comparison to December so far.

Traditionally the volatility slacks off in the Eurex futures after Dec 20th until a few days after Jan 1st. Thus, will be interesting to see if the DAX can maintain its December volatility for the remainder of the year.

 

[sgeesala]

Have you backtested the DAX for the prior trading months ? If so, what were the results in comparison to December so far.

Traditionally the volatility slacks off in the Eurex futures after Dec 20th until a few days after Jan 1st. Thus, will be interesting to see if the DAX can maintain its December volatility for the remainder of the year.

Nope, haven't back-tested it, will do it if time permits. But upon seeing the charts it isn't that encouraging. So for now will stick to developing my strategy for Brent futures which is still "work in progress".

 

[sgeesala]

Have you backtested the DAX for the prior trading months ? If so, what were the results in comparison to December so far.

Traditionally the volatility slacks off in the Eurex futures after Dec 20th until a few days after Jan 1st. Thus, will be interesting to see if the DAX can maintain its December volatility for the remainder of the year.

BTW, the way I traded DAX over the last week, it involved a lot of limit orders which somehow I feel very uncomfortable dealing with during backtests. Limit order have been a pain for me for quite some time. How do u deal with them? I usually use ESignal and NinjaTrader for my backtesting and started using AmiBroker for it's pretty decent multi timeframe support.