The Ultimate DAX Scalping Discussion Thread!
- Thread starter Scientist
- Start date
Hi guys,
Scientist graciously invited me to this thread. I haven't read the entire thread yet, so I will refrain from commenting until doing so. I am sure I will have a ton of questions and, possibly, some thoughts on the questions already asked.
I hope you guys have had a good week so far. It is nice to see the DAX back to its personality from earlier this year (today is a bit of an exception to that - chop until after the cash close). Yesterday was great and tomorrow is the big day of the month.
I will try to catch up and I'll revisit. Good luck to all tomorrow and happy clicking.
Scientist graciously invited me to this thread. I haven't read the entire thread yet, so I will refrain from commenting until doing so. I am sure I will have a ton of questions and, possibly, some thoughts on the questions already asked.
I hope you guys have had a good week so far. It is nice to see the DAX back to its personality from earlier this year (today is a bit of an exception to that - chop until after the cash close). Yesterday was great and tomorrow is the big day of the month.
I will try to catch up and I'll revisit. Good luck to all tomorrow and happy clicking.
Quote from Scientist:
Qui Vivra Verra.
Marine Corps Joke: Per mare, Per sarem, qua patet orbis, semper fidelis am semper penis.
Loosely (pun intended) translated: On land, On sea, As far as the world extend, always faithfull and always screwed.
I had to give this one up.... Scientist made me say it.
I tried this for a while. It wasn't very useful because I wasn't smart enough to know what to look for.
Have you used them for any other product? If so, which product and how helpful did you find them?
Hmm, do you mean straight tick charts, or tick bar charts ( such as 10 tick bars, 20 tick bars ?)
I use an ordinary tick chart that records every move with volume below it, although find it only really useful in powerfull trend moves. The Linda bradford Raschke "3 little indians" ( three consecutive spikes down on the end of a move ) shows up relatively often in the dax, and is much more visible on tick than on bar charts, particulary when you have the volume below it.
Tick bar charts ( such as the 10 tick bar chart) are slightly strange (like point and figure) in times of low volume/activity, and I gave up on using them.
Since using a 14, 3, 3 period stochastic on a 1 min and 3 min though, ( for divergence trading) found that a 14,3,4 stch on a 10 tick bar picks up divergence sometimes which is barely apparent on a 1 min. Haven't traded enough of them yet though.
I use an ordinary tick chart that records every move with volume below it, although find it only really useful in powerfull trend moves. The Linda bradford Raschke "3 little indians" ( three consecutive spikes down on the end of a move ) shows up relatively often in the dax, and is much more visible on tick than on bar charts, particulary when you have the volume below it.
Tick bar charts ( such as the 10 tick bar chart) are slightly strange (like point and figure) in times of low volume/activity, and I gave up on using them.
Since using a 14, 3, 3 period stochastic on a 1 min and 3 min though, ( for divergence trading) found that a 14,3,4 stch on a 10 tick bar picks up divergence sometimes which is barely apparent on a 1 min. Haven't traded enough of them yet though.
I am talking tick bar or candle charts. Because of electronic trading I have went to tick charts. One of my beafs with Cqg was no adjustable tick charting back in the day. Over the past few years they have added tick charting.
The patterns I use to trade in the bond are of 30 minute charts. Now these patterns work best on the 450tick bars all session charts. Instead of hourly 10 yearnotes, I now swing the 850 tick 10 year note. So on so forth etc. \
I am now back daytrading more and more again. So I was wondering if anyone uses tick charts for the dax and if so . Which ones? 100 tick etc.
I have found the 100 tick ER2 work well (I actually use candles to see them clearly the bars move to quickly---easier to stick with color changes). Very fast and Great momentum trading. In electronic markets over the past couple years, I have noticed that the old patterns I used to trade look better on tick charts. I guess because of the volume.
Just trying to see what you guys are using for the dax.
The patterns I use to trade in the bond are of 30 minute charts. Now these patterns work best on the 450tick bars all session charts. Instead of hourly 10 yearnotes, I now swing the 850 tick 10 year note. So on so forth etc. \
I am now back daytrading more and more again. So I was wondering if anyone uses tick charts for the dax and if so . Which ones? 100 tick etc.
I have found the 100 tick ER2 work well (I actually use candles to see them clearly the bars move to quickly---easier to stick with color changes). Very fast and Great momentum trading. In electronic markets over the past couple years, I have noticed that the old patterns I used to trade look better on tick charts. I guess because of the volume.
Just trying to see what you guys are using for the dax.
Maybe slightly different to the previous few posts. Thought I'd post an image of the set up I use on CQG.
- 2 min bar chart
- Default RSI
- Upper red band, 20 period moving average of highs
- Lower red band, 20 period moving average of lows
I consider the market as either bid or offered if the light blue line (5 period MA of mid prices) is trading outside the band that the longer MAs create.
- 2 min bar chart
- Default RSI
- Upper red band, 20 period moving average of highs
- Lower red band, 20 period moving average of lows
I consider the market as either bid or offered if the light blue line (5 period MA of mid prices) is trading outside the band that the longer MAs create.