Quote from geiseb_hd:
Like hundreds of fellow Dax traders, I came here to find a profitable method, but found a thread that has little on substance and more on wishful thinking. As traders, we think we can goto a thread and find a method that will reduce our losses.
to start with, i think the DAX is touted as a pair that has lots of mo excitement than the ES and other emini's, particularly as it i) trades in the euro session and ii) has a greater ADR than ES. Little do most traders, who r hell bent to lose on the dax, know that u need a watertight method to trade the Dax profitably. if,for example, you are unable to profitably trade the YM, with the lowest value per tick, how the hell would you consistently be profit from a pair that moves more wildly that the emini with the highest volume (ES).
Some of the successful traders stick to what works for them, like Anekdoten trading the NQ, while lots of struggling traders are lured to the DAX. Most ninja based platforms ask $3100 in margin for Dax, while u can trade emini's with 500$ per contract.
To make a fat story thing, my humble advice to any would be dax trader, stay away.
RedDuke...it is great to see someone fixed on the DAX...I think it is great also...really like it...may I ask...how do you trade it?...meaning, from this time to this time from the USA etc.?...how many average DAX trades per day and how many DAX contracts per trade?...what is your average trade holding time?Quote from RedDuke:
No, just DAX. I took a look at FTSE recently and found DAX to suit my needs better.
Quote from increasenow:
RedDuke...it is great to see someone fixed on the DAX...I think it is great also...really like it...may I ask...how do you trade it?...meaning, from this time to this time from the USA etc.?...how many average DAX trades per day and how many DAX contracts per trade?...what is your average trade holding time?
thanks...so I would imagine you are in Europe?...correct?Quote from RedDuke:
I trade intra day with high frequency, first few hours after cash opens. My trades could last from few seconds (these are usually losers) to few minutes. Sometimes it could be 10 or more minutes, but these are rare since they would mean big moves in one direction.
Regards,
redduke
Quote from Streetwise:
I do mainly swing on the Dax and I have read most of this thread.
But when it comes back and moves within a range , I am looking to do small moves with greater frequency of trade.
I very much doubt if anyone can meaningfully scrape the Dax [ yes it's scraping and not scalping ], as the comms and intra quote volatility will kill you .
That's been my observation anyway but i am open minded.
Quote from trading_time:
The comms are cheaper then ES, and tick value is higher then ES, so I don't see comms being an issue for scrapers?
The killing volatility, well - just got to know the tricks. *wink*