The Ultimate DAX Scalping Discussion Thread!

Quote from Dax_scalper08:

thought i would say hi, i trade the dax scalping it, normally trade up to the american open.

Im a quick scalper average trade is normally ten to twenty seconds, sometimes a tad bit more.
I work very tight stop losses as if you dont it can just run away from you but as im building my trading size up im having to widen my stop a little.

Mainly trade off price action and mp looking at whats going through, where the main levels are and where they buyers and sellers are coming in.

chart wise mostly i keep tick,1min and 5min of the dax all with volume undeneath and then a few charts of other indices ie ftse, eurostoxx, s&p. I find oil is another good one to keep an eye on aswell especially over the oil inventories you can make some good money off the dax.

Anyway il stop going on but thought i would give a bit of info on what i look at
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Good idea- animations are always welcome.
Do you use any indicators for your ultra short term scalping?
What do you mean by "mp" and keeping an eye on oil inventories??
Thanks for sharing.

Charly
 
Quote from Charly:

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Good idea- animations are always welcome.
Do you use any indicators for your ultra short term scalping?
What do you mean by "mp" and keeping an eye on oil inventories??
Thanks for sharing.

Charly
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I dont use any indicators apart from volume. As for mp its market profile which basically give you an idea of what prices the main sellers and buyers are coming in at, its good for showing you areas where you will have support and where you can get away with decent size.
Charts in general for me are a small part i only really use them for s/r levels.

As for the oil inventories it was just really an example of why oil is good to watch as obviously indices act the opposite to figures the way oil would so if you ever watch on the oil figure if there is a big spike upwards then the dax will act the opposite and have a sell off. Its probably one of my favourite figures to trade the dax on.
 
Few things that make DAX trading more difficult over the last few weeks is widened spread and thinner book.

I am planning to make temporary switch to FESX, it became volatile enough for intra day trading for me, and its book depth and spread are excellent.
 
Quote from RedDuke:

Few things that make DAX trading more difficult over the last few weeks is widened spread and thinner book.

I am planning to make temporary switch to FESX, it became volatile enough for intra day trading for me, and its book depth and spread are excellent.
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Yeah i agree with you its a lot thinner but i tried switching to the eurostoxx and couldnt adjust to it, i found it too slow althought this was about 3 months ago
 
Eurostoxx is usually quite slow, but last few weeks it have very decent moves. Take a look at it. The moment things go back to normal, I will switch back to DAX.

My main goal is not to loose, and with DAX current spread and book depth, there is much more risk with it, than I want to take.
 
but i tried switching to the eurostoxx and couldnt adjust to it, i found it too slow althought this was about 3 months ago [/B][/QUOTE]
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I agree with your pov - it's (ESTOX50) volume is missleading thus making volume charts - which are very helpful in other cases - more or less useless, with regard to scalping
 
dax is still very tradeable you just have to have tight stops in mind because if you let it go then it will be costly but viceversa when you a good position on it can be nice.

I do quite a bit fo cash equities on the side now aswell since the volume on the bids and offers in the dax have gone down
 
I trade DAX with 8 tick SL, with the spread easily being 4 ticks (used to be usually 1-2 ticks), and the speed of moves, DAX is currently too risky for me to trade.

I had a very good morning with FESX today.

Did anyone experience several short data freezes during first few hours in Eurex today?

I had 2 where both Ninja and X_trader froze. It could have been my ISP of course, but I just want to ask others.

Regards,
redduke
 
Quote from Dax_scalper08:

I dont use any indicators apart from volume. As for mp its market profile which basically give you an idea of what prices the main sellers and buyers are coming in at, its good for showing you areas where you will have support and where you can get away with decent size.
Charts in general for me are a small part i only really use them for s/r levels.

As for the oil inventories it was just really an example of why oil is good to watch as obviously indices act the opposite to figures the way oil would so if you ever watch on the oil figure if there is a big spike upwards then the dax will act the opposite and have a sell off. Its probably one of my favourite figures to trade the dax on.
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Dax scalper

You sound like you know your volume. What data feed are you using?
Zenfire does not print trades on bid and ask correctly, also I'm finding differences between esignal at TT feed.

Any advice and experience on the above appreciated
BB
 
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