The Ultimate DAX Scalping Discussion Thread!

Despite the fact that I live in Europe, I've only started trading Eurex a few weeks ago. So my experience is rather limited.

Since my feed of Eurex (via Esignal and IB) are apparently "snapshot" feeds, I find those 3-4tick spikes on "no trades/volume" a bit strange. Same as with Bund.

1/ Is there an easy way to get a "true" Time&Sales feed for EUREX markets?

2/ DAX book seems to be very thin. (I'm not sure my Level2 is correct -might be missing data, but it looks real, as thin market results in those big spikes when stops are triggered). It looks and feels like ER2.

3/ What tools, besides price and (crippled by Eurex) volume/T&S are useful for DAX? Eurostoxx? tick? Should I avoid trading after US opens? (when US markets open DAX becomes very noisy/spiky).

Perhaps some of the folks with more experience with DAX would like to offer their insight and compare notes.
 
Quote from mtzianos:

Since my feed of Eurex (via Esignal and IB) are apparently "snapshot" feeds, I find those 3-4tick spikes on "no trades/volume" a bit strange. Same as with Bund....

1/ Is there an easy way to get a "true" Time&Sales feed for EUREX markets?
More...

Eurex offers two data feeds: their member data feed and their quote Vendor data feed.

The quote vendor data feed is a consolidated feed, meaning you will not get every tick for a period of time, but you will get the highs and lows for this period. All quote vendors are stuck to this feed. Since end of last year the number of ticks delivered via this feed has risen considerably.

IB delivers a snapshot version of the Eurex member feed to their customers. This means they may be faster but do not deliver every spike.

If you want more data, you will need access to an Eurex terminal, available to Eurex members only.

Quote from mtzianos:

2/ DAX book seems to be very thin.
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Yes, that's it. Look for posts of FuturesTrader71, he has described some of this techniques for scalping the Dax.

Have a nice day

Bernd Kuerbs
 
Please could anyone tell me if they have noticed a decrease in the size in the bids and offers in the dax market depth since august??? The moves are now even more volatile than usual!!! I understand that the dax is extremely volatile but over the summer it has been even more so, at first i thought it was the holidays and the roll e.t.c, but i'm obviously wrong!!!

Before the summer there was on average around 40-50 lots on most prices now it is more like15-20???

Any suggestions on to why this is would be greatly appreciated, thanks. :)
 
Quote from bash:

Please could anyone tell me if they have noticed a decrease in the size in the bids and offers in the dax market depth since august??? The moves are now even more volatile than usual!!! I understand that the dax is extremely volatile but over the summer it has been even more so, at first i thought it was the holidays and the roll e.t.c, but i'm obviously wrong!!!

Before the summer there was on average around 40-50 lots on most prices now it is more like15-20???

Any suggestions on to why this is would be greatly appreciated, thanks. :)
More...

Could not help but noticing this too: now DAX is constantly making moves of more than 1% per day, and that's probably why you see bid/ask size reduction: more volatility and suddently there's the need to decrease size to keep money managment on track.

It could be one possible explanation: just guessing here....
 
Gentlemen

1. There are not any pure agent in Germany financial scene .
DB,Comdirect & are principal's .Not only trading against
client's order but trading with own Products(Optionschein on
DAX,Zertifikate/CFD on DAX/ & /Emmitent -Commerzbank
traded own Product against client order/

2. By official site of Euwax you can find information as
CALL BEAR ZERTIFIKATE

3. Zertifikate have knock -out point / triggered near full loss/

This point can be as example 4870 DAX in prospect ,but
he correlated each day as example until 4878 .
All operators not informed about correction or informed by
special request to Euwax after unexpected knock-out .

That is not for any Zertifikate ,but for all.

4. Each from two author attempt's to try trade any
direct or indirect to Germany related product /first case
eurexus through PFG ,second Euwax through Comdirect /
have had result complaint's to CFTC,NFA and to Germany
SEC.
5. Germany SEC accepted that Order handling /Delay
in filling and partialy filling with 0.15 vs. 0.06 against rule/
false accounting have had place.


Chanse to win complaint from individual are pure
academical .Risk to trade direct or indirect any Germany
related product can not be compensated with expected
reward ,as ES,ERT trading give reward more, as margin
500$ broadly open /in some case 300$/ against
DAX 2000 euro .

In each case exist not only USA alternative ,but HHA,STW,
LFT(LX),GMCT(IX),AEX,IBX &


Author would pleased for any critical opinion .


Your respectfully milstar
 
i think you are communicating some interesting information, but i have a hard time understanding, partly because i am not familiar with the legal / admin / operational side of Eurex in detail - can someone with more knowledge pls clarify what this means, as i would like to understand better how the relationships work in this case, i.e. between Eurex and the participants, thx in advance.

or Milstar - perhaps you could explain in a bit more detail what you mean here, thx.


Quote from milstar:

Gentlemen

1. There are not any pure agent in Germany financial scene .
DB,Comdirect & are principal's .Not only trading against
client's order but trading with own Products(Optionschein on
DAX,Zertifikate/CFD on DAX/ & /Emmitent -Commerzbank
traded own Product against client order/

2. By official site of Euwax you can find information as
CALL BEAR ZERTIFIKATE

3. Zertifikate have knock -out point / triggered near full loss/

This point can be as example 4870 DAX in prospect ,but
he correlated each day as example until 4878 .
All operators not informed about correction or informed by
special request to Euwax after unexpected knock-out .

That is not for any Zertifikate ,but for all.

4. Each from two author attempt's to try trade any
direct or indirect to Germany related product /first case
eurexus through PFG ,second Euwax through Comdirect /
have had result complaint's to CFTC,NFA and to Germany
SEC.
5. Germany SEC accepted that Order handling /Delay
in filling and partialy filling with 0.15 vs. 0.06 against rule/
false accounting have had place.


Chanse to win complaint from individual are pure
academical .Risk to trade direct or indirect any Germany
related product can not be compensated with expected
reward ,as ES,ERT trading give reward more, as margin
500$ broadly open /in some case 300$/ against
DAX 2000 euro .

In each case exist not only USA alternative ,but HHA,STW,
LFT(LX),GMCT(IX),AEX,IBX &


Author would pleased for any critical opinion .


Your respectfully milstar
More...
 
Quote from fader:

i think you are communicating some interesting information, but i have a hard time understanding, partly because i am not familiar with the legal / admin / operational side of Eurex in detail - can someone with more knowledge pls clarify what this means, as i would like to understand better how the relationships work in this case, i.e. between Eurex and the participants, thx in advance.
More...


I think, in most of his post he is not talking about EUREX, but about EUWAX. This is the german exchange for warrants, like the "Knock-Out-Zertifikate" he mentioned. These warrants are offered for all sorts of underlyings (i.e. stocks, indices, commodities etc.) They are actually quite popular here, because they require no margin account and can have a very high leverage.

It is true that trading these warrants on the DAX is less efficient than trading the Dax-Future, because these warrants are offered by normal german banks. They do quote the price of the warrant accordingly to the underlying, or in this case, the FDAX. But with the spread and fees you pay, daytrading or even scalping is always more expensive than trading the FDAX. They are only useful for swing trading.

I don't understand the problem he had with trading Eurex, though.
 
Gentlemen

Derivate,DEX/Fesx/,DAX,FWR2 are all produkts of Germany
financial system.

From author experience this is fundamental dissadvantaged
to USA financial system. Strong point of Germany Banking,Exchange's that this have a lot of clients with limited
intellectual ability.Principal's can sell different produkts
to this public.

In each case ,also if you try to trade DAX through international agents,all this produkts have influence
on trading DAX futures .

As example ,if volume of Derivate are high MM of DAX stock
or trading desk of Principals would interressed to move
DAX some points to delete broad public derivate position.

Best wish milstar
 
Gentlemen

If you will start trade ,author opinion USA have more developed financial and legal system . Author opinion
SEC is more credible as CFTC . Author suspect ,that
Ameritrade, Optionsxpress,Mbtrading,Thinkorswim
are pure agents./You can check Exchange -Is company
member ? Have proprietary account ? /

By future market Refco possible one of the best .
She is public noted /not only CFTC ,but also SEC controlled/
Not without dissadvantage- 50 % of Refco adviser mentioned
Larry Williams as trading method .This person was suited by SEC for Profanacy and today have web site registred by Australia .

Author suspect ,that FX must forget ,as most famuos from brokers are Principals /Oanda/ or Quota reseller/IB/ from www.ebs.com and anothers. FX market is also not so regulated as Stock,Options on Stock and futures.

Author suspect from he's experience with EurexUS,
Commerzbank & that Germany related produkts are not good alternative to USA. If you will trade in time ,in which USA closed try LSE or Euronext.

All opinions above refelcted only autor point of view.
In most of the case's opinion of the autor not suited to
another persons.


Your respectfully milstar.
 
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