Velocity Trader DAX Journal

[BStrader]

Better watching lead stock like SAP imo,but when open US markets,is interesting watching how FDAX/NQ for compare.Sometimes it is very useful,almost another indicator.

 

[Baruch]

Yes. Today I have followed BASF, Siemens, SAP and Deutsche Bank. Siemens was the leader, while Deutsche bank lagged.

Today it has also been very important to follow the dollar.

 

[Baruch]

Why Nasdaq, and not S&P500?

 

[cosmic]

DAX is heavy tech weighted, so NQ is not a bad choice.
But I tend to build a cumulative indicator for SPX/INDU/NQ. With FESX it can give a relatively clear intermarket snapshot.

Also good to look at Bund Future here at Eurex.

Best
Cosmic

 

[Baruch]

If you compare Dax with both Nasdaq and S&P500, you can see that S&P500 follows Dax better that Nasdaq.

 

[Walther]

Quote from BStrader:

I using myTrack/myBroker many years,they have just a few problems .

What are their commissions for DAX?

 

[Baruch]

FESX - what's that??

 

[Baruch]

Euro bund or Euro Bobl or Euro Schatz?

 

[cosmic]

FESX is the EuroStoxx 50 future over here, we just call it FESX for short.

Yes, I often chart also Euro Bund futures in different time intervals. It is also interesting because they start trading on hour earlier that FDAX & reactions in bund market to overnight (and Asia happenings) news is worthwile I think.

DAX correlation with SPX/NQ/INDU does rotate, so its possible to track that with correaltion studies inside TradeStation or so...

Best & good trades,
Cosmic

 

[BStrader]

I trading NQ because its more volatile than ES but less than FDAX.And also charts of NQ are better readable.

Just compare:
FDAX easy make 60-80 points
NQ 10-20
ES 5-10

Sure I know for FDAX you need more money for margin...etc,but like I said,for me is important volatility because I am most of scalper.