Yeah i was trading 10 lots but i have cut my size in half just to play it safe
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The Ultimate DAX Scalping Discussion Thread!
- Thread starter Scientist
- Start date
Yeah i was trading 10 lots but i have cut my size in half just to play it safe
Quote from vrtrop22:
just a visual glance at the movement of say the mini dow to the DAX will show you that the DAX moves much slower. Also good luck trying to get a price close to your stop on the mini dow, es, or nq. I guess I should have said the speed/volume of those markets vs the DAX instead of instability.
Yes the dax does move slower compared to the mini dow but then the tick value of the dax is 25 euros which i think works out roughly to $30 a tick whereas the tick value of the mini dow is only $5.
########################################Quote from vrtrop22:
I have really come to love the DAX. I started on the mini dow but it is so wild much like the mini nQ and es. The ftse is where I cut my teeth but it doesn't have the movement of the DAX most of the time. I use a long/short MA crossover method to catch intra day moves. It works pretty well for me (200+ points this morning 10/24). Do any of you ever see the DAX becoming as "unstable" as the US stock futures?
which time frames do you trade??
No, tick value of the FDAX is 12.50 euro. This implies that you have less slippage on this contract compared to YM (and other US futures) when markets are tight (because $ value of FDAX is much higher).Quote from Dax_scalper08:
Yes the dax does move slower compared to the mini dow but then the tick value of the dax is 25 euros which i think works out roughly to $30 a tick whereas the tick value of the mini dow is only $5.
great answer...It helps me understand...QUESTION for anyone:Quote from dcraig:
Typical in high volatility markets as we currently are experiencing. If you look at the DOM you will see it is VERY thin most of the time - very few contracted bid or offered at each price level. Just a few contracts traded can empty the book at a couple of price levels, which has the effect of widening the spread.
When I traded the DAX like 3-4 months ago I always used a market order to enter and exit. Has anyone used a market order lately and what has the slippage been?...1,2,3 points (full points and not ticks) or more???thanks!
I trade from 2am est to about 7:30am est. It is quite insane but I have adjusted my sleep pattern as I work a full time job for the time being. I come back you to trade the US markets during lunch, but I am doing that less as I feel like the DAX and FTSE allow me to make the money I need. I use 1 minute charts but I like to use hourly charts for reference
Quote from vrtrop22:
I trade from 2am est to about 7:30am est. It is quite insane but I have adjusted my sleep pattern as I work a full time job for the time being. I come back you to trade the US markets during lunch, but I am doing that less as I feel like the DAX and FTSE allow me to make the money I need. I use 1 minute charts but I like to use hourly charts for reference
Welcome to my world. I live in New York and trade DAX as well. I skip first hour since cash is only opening at 9am (3am my time). I would suggest you to do the same to get 1 hour of extra sleep.
During European morning session slippage is not that bad. I do not enter the trades if spread is more than 3 ticks and/or nearest bid/ask has only 1 contract.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Quote from RedDuke:
During European morning session slippage is not that bad. I do not enter the trades if spread is more than 3 ticks and/or nearest bid/ask has only 1 contract. [/B]
The latter (just 1 c.) happens quite frequently - unfotunately.
Makes scalping the DAX not that easy imho.