Help with getting started on DAX Futures

[cmaxb]

Quote from mokwit:

HSI is probably the worst, makes DAX look like a Gentleman's market.

Don't let that USD 6.25/tick lull you into a false sense of security

Second that. I call it "Slayer". Lays waste to the unsuspecting

 

[Wittgenstein]

Quote from Bitstream:

Get in at the open.
Get out at the close.

Sounds very easy...

 

[luke24.5]

How does the DAX volume compare to some of the major US futures?

 

[FuturesTrader71]

Quote from luke24.5:

How does the DAX volume compare to some of the major US futures?

Comparable to YM or ER2.

 

[fitrol]

2 cents from a European...

I agree with all said previously and would in no shape or form recommend a novice start trading the Dax....its an uncompromising market even for the pro!! That being said it is the most profitable market my program trades (FTSE,Cac,Dax, S&P & Dow futures). It can and does move independently to the US markets, YTD its up around 10-13% where as US is down 2-3% I believe. yes it can follow the US in the afternoon but will often dance to its own beat... take this morning as an example, S&P dropped 6 pts after the Dax closed, dax was called (by spreadbetters) to open 20 lower accordingly. It actually opened up 5 and rallied to be up 47 as we speak....
If you want an easy ride try eurostoxx50 or e-mini s&p which often follows the dax early european trade and is a lot less painful if your offside.

peace & profit

 

[fitrol]

forgot to say that e-local (guaranteed IB of RCG) trades dax/eurostoxx50 etc) at good rates...& RCG's ultimate executing broker for European markets is Fimat.

peace & profit

 

[fader]

i have dec 30 '04 close at 4256 - more like up 20% YTD - using DTN's data... - what is your source?

Quote from fitrol:

2 cents from a European...

YTD its up around 10-13%

 

[fitrol]

fader...apols my source was top of my head waffle from end of Aug.....


2005
JAN (0.03)
FEB 2.25
MAR (0.04)
APR (3.77)
MAY 6.59
JUN 2.82
JUL 6.55
AUG (1.16)
SEP 4.44
OCT
NOV
DEC
YEAR 18.53%

Obviously same is true for US fig I quoted..

peace & profit

 

[fader]

ok, just wanted to double-check my numbers too, thx

 

[Wittgenstein]

Quote from fitrol:

2 cents from a European...

I agree with all said previously and would in no shape or form recommend a novice start trading the Dax....its an uncompromising market even for the pro!! That being said it is the most profitable market my program trades (FTSE,Cac,Dax, S&P & Dow futures). It can and does move independently to the US markets, YTD its up around 10-13% where as US is down 2-3% I believe. yes it can follow the US in the afternoon but will often dance to its own beat... take this morning as an example, S&P dropped 6 pts after the Dax closed, dax was called (by spreadbetters) to open 20 lower accordingly. It actually opened up 5 and rallied to be up 47 as we speak....
If you want an easy ride try eurostoxx50 or e-mini s&p which often follows the dax early european trade and is a lot less painful if your offside.

peace & profit

Please tell something about your multi-trading program...