Velocity Trader DAX Journal

peg_leg_joe · Dec 7, 2003

Quote from Baruch:

BStrader,

What is C2/DOM, and how do you use it?

This is what a DOM (depth of market) screen looks like. You use it both to place orders and to view how many contracts are being bid and offered at various price levels. This can help you pinpoint where support and resistance is sitting. Just be careful though....sometimes a big size sitting on the bid or offer can be pulled at any time.

PLJ

Baruch · Dec 7, 2003

Well, I think that if you look at the chart of E.ON, you can see that this Dax-stock lead the way for the Dax (the first low).
PS.
Was there any divergences between Dax and Eurstoxx Friday?

Baruch · Dec 7, 2003

Thank you, but should we go short or long? And why?

Baruch · Dec 7, 2003

Do you use DOM?

DT-waw · Dec 7, 2003

Quote from velocity_trader:

That is my worst peak to trough draw down over all. When things start getting ugly I cut back my size.

Thanks... but you haven't answered my question. Without the information about the avg number of contracts, drawdown figures in points or dollars are useless.

GoodTrades · Dec 7, 2003

I use Trading Technologies X-Trader

Baruch · Dec 7, 2003

Yes, but how much do you use depth of the market in your trading?

GoodTrades · Dec 7, 2003

Quote from DT-waw:

Thanks... but you haven't answered my question. Without the information about the avg number of contracts, drawdown figures in points or dollars are useless.

I don't trade a constant # of contracts and 3 years ago I was trading mostly NAZ and ES. The DAX has been something that I have taken a liking to over the year and a half.

When I was trading the ES my average size was about 10 lots and in my size in the NAZ over the last 3 years has changed as its range has contracted since the top. My size in the DAX on average is around 5-6 lots. My default trading size is 4 lots a click, so $100 pt. Howerver through out the day I will some times get in 8, 12, and sometimes on occasion 20+ contracts.

IF you want the worst draw down I had while only trading the DAX its $17k. You can use 5.5 contracts as a guesstimate as my average size.

IS this what you wanted? If it's something else let me know. I'm not trying to be difficult.

GoodTrades · Dec 7, 2003

Quote from Baruch:

Yes, but how much do you use depth of the market in your trading?

I use the depth of market window alot. Once i get in a trade my eyes are on it until i get some wiggle room. Then I constantly look back and forth between it and my charts.

Richard221 · Dec 7, 2003

http://aktien.onvista.de/realtime_overview.html - This is a site where you can watch the components of the Dax 30.

Velocity Trader DAX Journal

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