Average Range over last 10 days
SP 9 pts 36 ticks
NAZ 23 pts 46 ticks
DAX 50 pts 100 ticks
Velocity Trader DAX Journal
- Thread starter GoodTrades
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Average Range over last 10 days
SP 9 pts 36 ticks
NAZ 23 pts 46 ticks
DAX 50 pts 100 ticks
Here is some stuff for Sept 2003 ranges in percent (H/L):
NQ 2.3%
ES 1.6%
ER2 1.6%
YM 1.6%
Michael B.
NQ 2.3%
ES 1.6%
ER2 1.6%
YM 1.6%
Michael B.
To all:
Regarding the ZEW announcements. Although the ZEW can and will move the DAX/Stoxx if is is out of line, when it coincides with the FOMC as it did this time, it is a non-event. What we saw was a little extra volatility to be sure, but traders on the continent and here (USA) were waiting for the interest rate decision and more importantly, the follow-up comment by the committee. Knowing this, a trader should be aware of the time of the annoucement and decide ahead of time how they will play it. If you have the skills, one way is to "play the spikes". That is to try to catch the apex of a spike and make money on the counter move, or simply step aside for about 5 minutes, wait for the "shock wave" to subside and step back on the bus as it rolls out of the station. Good luck traders. steve46
Regarding the ZEW announcements. Although the ZEW can and will move the DAX/Stoxx if is is out of line, when it coincides with the FOMC as it did this time, it is a non-event. What we saw was a little extra volatility to be sure, but traders on the continent and here (USA) were waiting for the interest rate decision and more importantly, the follow-up comment by the committee. Knowing this, a trader should be aware of the time of the annoucement and decide ahead of time how they will play it. If you have the skills, one way is to "play the spikes". That is to try to catch the apex of a spike and make money on the counter move, or simply step aside for about 5 minutes, wait for the "shock wave" to subside and step back on the bus as it rolls out of the station. Good luck traders. steve46
I think it is important to inform traders that it is very important that you be well capitalized before you even think of trading the DAX. It's not difficult to lose $1000 in a couple hours of trading just trading a one-lot. For example, I'm already down $700 net and I only have been trading for 90 minutes and only trading one lot at a time. It's probably not a bad idea to have 20k in your account for every DAX contract you want to trade. I know it sounds conservative, but I am just afraid too many newbies will unwiitingly blow their accounts out trying out the DAX in just a matter of weeks or months.
Hi Guys,
I hope that I am not intruding. I just happened to watch the market depth for both the DAX Dec03 and the Mar04 contracts, one next to the other as displayed on TWS.
I was very surprised to find that the top bid and ask levels ALWAYS display the same size figures. The deeper levels become different. Did anybody notice the same? This smells fishy!
nononsense
I hope that I am not intruding. I just happened to watch the market depth for both the DAX Dec03 and the Mar04 contracts, one next to the other as displayed on TWS.
I was very surprised to find that the top bid and ask levels ALWAYS display the same size figures. The deeper levels become different. Did anybody notice the same? This smells fishy!
nononsense
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