The Ultimate DAX Scalping Discussion Thread!

Quote from John Lydon:

Right now I'm interested in adding up the five Bid levels, adding up the five ask levels and having each one espressed as a ratio of the other. It's hard and it's quantifiable. If the Bids total 1500 contracts and the Asks 1000, the ratio will be 1.5. I'd be interested in exploring this further to assess it's usefulness, so I'm looking forward to Scientist's reply to my earlier questions and thoughts. I too can only deal with well-defined stuff.
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JR, you like to proclaim yourself as genius, but this is long cold coffee. I've discussed exactly this idea ages ago (not to mention again on this thread) and I've filed exactly this function and idea with a lot more detail in to the ButtonTrader team, months ago. Yet you're welcome to contact Button as well and tell them you'd like this feature. It will help accelerate their queue process.

Currently, Button already adds up the cumulative volume for you, you only have to do the rough maths in your head as to what the ratio is. It isn't really hard. Calculating the ratios for you is only an added feature, but not required.

Best Regards
 
Quote from Scientist:

JR, you like to proclaim yourself as genius,
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You misunderstand. I'm finding this discussion interesting. My comment about needing well-defined stuff was a statement about me not you :)
 
Quote from John Lydon:

You misunderstand. I'm finding this discussion interesting. My comment about needing well-defined stuff was a statement about me not you :)
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Well, sorry if I misunderstood. In the other thread (X_Trader thread?) you just proclaimed that it was your idea to first trade the EU opening of DAX and then the US opening, to maximize profit potential.

In case you didn't notice, I was kidding at that point. It isn't exactly an "invention". I'm sure about 10,000 other people have thought about it before and are even doing it. I am only one of many. It is funny of you saying you did in the first place.

If you have any good and unique ideas and inspirations, also as to platform developments: Please feel free to contact the development team of your trading platform and see what they say. They might just implement it for you and all of us!

Best Regards
 
Quote from John Lydon:

Right now I'm interested in adding up the five Bid levels, adding up the five ask levels and having each one espressed as a ratio of the other. It's hard and it's quantifiable. If the Bids total 1500 contracts and the Asks 1000, the ratio will be 1.5. I'd be interested in exploring this further to assess it's usefulness, so I'm looking forward to Scientist's reply to my earlier questions and thoughts. I too can only deal with well-defined stuff.
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Ok John,

Here I am with you. I could do this. As I am very stubborn with my simpleton's makup, let's take it one step further. I believe it to be worthwile to get at some clear understanding about all this.

As our aim is to decide to either sell or buy some contracts, we want to do something with these "hard" bid and ask sums. We could unambiguously compute some ratio, OK. I also can fathom the "high merit" of being able to derrive from it some kind measure of selling or buying pressure. I might want to go with it (perhaps?) or I want to make a "contrarian" move. How do I get to this measure? No talk - only a formula will help us here. I have a great respect and admiration for "discretionary talent", but this is not very helpful for simpleton minds lik mine (and yours?).

The problem with many of the ET threads is that a lot is brought up and quickly forgotten, except for the animosity of course. We are already a few posts ahead from the one in which the idea of buying and selling pressure was introduced. I'm affraid we forgot already about this!

Be good,

nononsense
 
Quote from Scientist:

Well, sorry if I misunderstood. In the other thread (X_Trader thread?) you just proclaimed that it was your idea to first trade the EU opening of DAX and then the US opening, to maximize profit potential.

In case you didn't notice, I was kidding at that point. It isn't exactly an "invention". I'm sure about 10,000 other people have thought about it before and are even doing it. I am only one of many. It is funny of you saying you did in the first place.

If you have any good and unique ideas and inspirations, also as to platform developments: Please feel free to contact the development team of your trading platform and see what they say. They might just implement it for you and all of us!

Best Regards
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You misunderstand again (the other thread). You had jokingly asked dpanic if he got the idea to trade only DAX & ES opening hours from you. I know dpanic and I know I kinda 'introduced' him to the DAX last May. Hence my joking 'dig' back, that he got it from JR not you (god forbid)! Of course it's not exactly a radical thing to trade these hours. I was just teasing you a bit that's all! :)

You and I will get there in the end re: comms/understanding!!!

I'd love to see 'The Head Ninja' take on board some new things but he's been catching an attitude problem of late. Doesn't seem to "get" a few basic issues I've raised lately. Maybe I need to download Button.
 
Scientist,

As a little intermezzo, I picked up the following URL from Harry's thread on mysticism: http://www.night-trading.com/astro/

I don't endorse anything in this by publishing the reference. It stays well within the bounds of the DAX thread though: it shows intraday charts which are claimed to also apply to DAX.

nononsense
 
Quote from Scientist:

John, please realize that it's got nothing whatsoever to do with the developers. The snapshot feeds come this way from the broker (IB), not the platforms. No developer can do anything about it.

And if you go to blame the broker now, you can forget that, too. The broker can't do anything about it, either, because they receive their snapshots from Eurex, and Eurex, like any other exchange, only delivers data in snapshots. I do not see how it would be possible to deliver any amount of depth data refreshes on a per-change basis the way you describe it, because:

1) It would take too much bandwidth (what, 30Mbps connection?)
2) The ping/pong to the exchange couldn't be fast enough so why bother
3) Who needs to see every piker's contract subbed' and added to the depth anyway?

The snapshot system works fine the way it is. Get used to it. I hope that's the end of this discussion.
Yes.
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I understand the issue is not the developer's problem. What I don't understand is why none of these guys have developed their platform for use with a tick-by-tick feed, with trades going to IB. Maybe Esignal, MyTrack, whatever. Or maybe to develop their product say for J-Trader who has a fast tick-by-tick feed built in. After all, there are other choices for a datafeed than just IB.

As far as the numbers and bandwidth issues go - you probably know more about that than me. All is know is that on a 512K ADSL connection running J-Trader side-by-side with IB ...I see MANY more Bid and Ask sizes (as well as Last prices) coming through on J-Trader compared to IB. And a split-second faster too. That's true of both Eurex and Globex symbols.

So I guess I don't see why I must get used to IB snapshot! Maybe I'll put out my own damned product with a tick-by-tick feed and charge $14.99 a month - that should piss all the developers off! I just need a name: how about "RottenTrader" ...what'd you reckon? :D
 
IB have a separate fee for subscribing to market depth for Eurex symbols. I've never subsribed because I never thought it would be of benefit. If I did turn that option on, how many levels would I get: 5 or 10? Anyone who subscribes, please say!
 
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