Chuck Krug's Eurostoxx 50 trading journal

Chuck Krug

Chuck Krug

Here we go,
Thought about starting a journal for a while, and why not?
I daytrade and swing trade the eurostoxx in 2 different accounts
1 for daytrade (minutes or hours holding time) and 1 for swingtrade (between 12 and 24 hrs hold).
I used the micro futs to daytrade for a few months (i like to scale out) but the spreads were too shitty, so now i'm using cfds.
 
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-Calendar doesn't show a lot going on until US CPI on FRI
which is good, because the day before FED announcements and big news I always get chopped up. (Makes mental not: perhaps not trade then)

-Came in with a slightly bullish bias today (FRI was bearish, but it stabilized during the evening)

got in at 4109 ish
was a bit pissed of right off the bat, because I was eyeing the break out abo 4ve105 and got in late
started to stall, saw some resistance (which at first i though it would blow thorough)
got out half for +3 and decided to keep half and look what happened, but too much weakness and out the other half +1
 
Hi, Chuck,

Good luck on your journal and trading. I'll be following.

Question. Do you have any experience with US indices? ES? If yes - how do you feel the Eurostoxx compare?
 
Hi Laissez,
I do have some experience, yes
I think the Eurostoxx compares a bit to the ES, perhaps a little bit cleaner.
But most of the time the ES and eurostoxx trade side by side from 9 am CET (3am EST) until European lunchtime
The Dax moves more like NQ, some wilder swings
 
Chuck Krug said:
Here we go,
Thought about starting a journal for a while, and why not?
I daytrade and swing trade the eurostoxx in 2 different accounts
1 for daytrade (minutes or hours holding time) and 1 for swingtrade (between 12 and 24 hrs hold).
I used the micro futs to daytrade for a few months (i like to scale out) but the spreads were too shitty, so now i'm using cfds.
More...

you are trading the mini/micro euro STOXX50.
You mentioned the bid-offer spread is bad.
the mini/micro euro stoxx50 volume is very very low.
so you ended up with a wide bid-offer spread.

If you trade the euro STOXX50, the bid-offer spread is very tiny.

In general, I don't like CFD due to its horrific bid-offer spread
and questionable volume.

Do note that euro stoxx50 went down an hour ago.
US index futures and European index futures went down in tandem.

all the best mister.
 
Last edited:
maxinger said:
In general, I don't like CFD due to its horrific bid-offer spread
and questionable volume.

Do note that euro stoxx50 went down an hour ago.
US index futures and European index futures went down in tandem.

all the best mister.
More...

There are CFD providers with products offering you the same or even better spreads compared to the exchange traded futures contracts. In addition, you wont pay any commissions, so your total cost per trade might be significantly lower than if you do the same trade with futures.

And regarding volume, what kind of "volume" are you talking about in CFDs ?

I like futures and they are my main trading instrument. But I would not recommend to anybody to completly turn away from CFDs. They have their advantages, and can be a nice addition for most traders. For many traders, it might even make sense to use them as their main trading instrument.
 
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