Short DAX at 7740

I have made my first trade in DAX futures.
A scalp on the short side. IB platform.

Normally I scalp Crude or Yen early in the morning (NY time) and CL and ER2 during the day.

Looking over a weeks worth of 16 sec charts it seems like DAX streaks like Crude but not as choppy as ER2. Very liquid.

I am really looking forward to trading this.

Regards,

GC
 
short 3

looks promising, c'mon break trendline

3rd failure swing here? Hope so. If it is, then 240 ought to turn into a divergence, good for shorts, watch out below.

scaled out 2 +9.5
 
WE might see some short sqeeze above 1464,50 in ES...that´s why I expect FDAX to do the same and then consolidating for the next hours...GL+GT= G(L+T)...:D
 
Quote from gurucandidate:


Looking over a weeks worth of 16 sec charts it seems like DAX streaks like Crude but not as choppy as ER2.

GC
More...

Could you ellaborate what you mean by 16 sec charts?
 
Quote from JSSPMK:

short 3

still holding, 2 min chart says - SELL and hold

scaled out 2 +14
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still holding 3rd lot short, if it goes to b/e then tough luck, 4 hours chart does show potentially higher rewards than covering here.

Nice entry there AS!
 
When the intensity of the market is increasing I prefer to go into detail down to the smallest timescale where the usual indicators still work. So, in CL and ER2 I have been using 16 second bar charts although in the last few days I have been using 6 sec charts for ER2.

I am using time based charts for scalping rather then constant tick or constant volume charts because on the time based chart I can sense momentum.

In scalping momentum is more important for me then price levels.

I am working with TS and IB.
TS does not offer second increment charts and IB has a 15 sec bar chart but only for 5 minutes, so I added Sierra Chart as a front for IB (very reliable), fed by IB data.

BTW I have noticed that the IB volume data on this scale reveal large trades the TS does not even pick up.

The one minute charts with Volume and OBV are also good to see the volume ebb and flow.

GC

Quote from FGBS:

Could you ellaborate what you mean by 16 sec charts?
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