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brownsfan019

Any DAX and/or STOXX traders here

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Seeing that I am trading at 7am EST with the EC, I've been taking a look at the DAX and STOXX Charts to give me another option or two to trade during the hours leading up to the US open.

 

Just wondering if anyone here is trading the DAX or STOXX futures contracts and your thoughts on these markets.

 

I'm not looking for strategies on how to trade them as I am simply going to do what I am currently doing, but just wondering if there's some idiosyncrasies I should be aware of.

 

Note to my buddy Pivot - you may want to look at these with your WRB analysis... Just an idea. ;)

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I've been trading the DAX for years. Its probably one of the hardest markets to master, but the most rewarding.

 

Its become two markets now: The european one from 8am German time until about noon. Then lots of U.S. players join and it gets more volatile with autotrading by computers changing its nature.

 

Can be a VERY whippy market but you can make 100 euro on a 1 lot in a blink if you are a scalper. Usually, trading in 5 lots works for scalping for me.

 

I paid a lot to learn this market and know many who could not get profitable before they quit.

 

Volume now is very good.

 

There is no tick or trin that i know of but I wouldn't use them anyway.

 

STOXX follows DAX more or less. These two are like ER2 and YM.

 

Hope this helps.

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I've observed DJ STOXX 50 and "random walk" was the phrase that sprung to mind on an intraday basis although on a daily basis it trends nicely. Because the underlying stocks are such a wide variety, different factors can pull it one way or the other. On the positive side the volume is a lot higher than any US stock index future.

 

I've also traded the FTSE - mainly longer term swings and scalps off of UK economic data.

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I don't trade DAX yet, but am very interested. Unfortunately, TS is not very receptive with European markets. I may have to find another platform to observe for a while before even considering trading it. Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

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I don't trade DAX yet, but am very interested. Unfortunately, TS is not very receptive with European markets. I may have to find another platform to observe for a while before even considering trading it. Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

 

torero

 

You can now get Eurex data through Tradestation, however you can't trade via them yet, so it is possible to observe it. I'm also waiting for the FTSE data to be released on TS, as I'm based in England , daytrading DAX and FTSE in the morning really appeals.

 

As Brownsfan says he's up trading at 7am, it's hard work for me having to have a nice lie in til 10-11 before the US start of 2.30pm.;)

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What momentom said, I's second all of that. I prefer to trade it in the am when it is doing its own thing. Sometimes in the pm it diverges a bit from the US but depending on your timeframe it tends to get yanked around by the US indexes.

 

Dax is 12.5 euro a tick and there are two ticks to a point. I have seen it move 20 points in a heartbeat. Volatility can go to the other extreme also. So basicaly it is a high value, extreme moving market so lots of oportunity but of course more potential risk also. You dont realy get a feel for the speed it can take off at unless you are waching it live. I would say its ER2 on steroids.

 

Sometimes despite the volatilty it moves with breathtaking 'order' other times it looks like someone has thrown a handful of random bars at the chart. (Dosen't everythig?).

 

I think an experienced trader could do very well once they learnt its character.

 

Cheers,

Nick.

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Guest KhurramNaik

As it happens, John Carter (Trade the Markets) will be doing a online webinar with live trading on the DAX and EuroStoxx. You can register for the event here: Infinity Brokerage Services

 

He'll be trading on the Infinity AT, you can try a real-time demo to use in parallel to the seminar.

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I too have been interested in trading DAX-EUROSTOXX but I've been put off by the unreliable volatility during the European session.

 

Sometimes you get decent volatility and can hold on your positions long enough to make very profitable trades, whereas other times - i shall say, most of the times - you find yourself in the middle of noise until US open or 8.30am news.

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Most of the volatility in the DAX is immediately after the open. Today the DAX had a massive up day - 1.75% up on the day (125 points) compared to the Dow's feeble 0.9%. Position trading indices is the way to go for obvious up trends like this IMHO.

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Some DAX "action".

 

Consolidating and narrowing from the open and then obviously some news hit. Not sure if the gap is real or data issues (I use IB that tick aggregates when a market is fast). However that is close to 1000 euro per contract there.

 

I must say you must have cast iron Cahones to trade 5 at a time notouch :)

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Guest cooter

And here's a copy of the presentation in .pdf format that was given by John Carter.

 

Use this as an excellent reference to answer all your questions about the DAX and Eurostoxx50 contracts.

Eurex04182007.pdf

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And here's a copy of the presentation in .pdf format that was given by John Carter.

 

Use this as an excellent reference to answer all your questions about the DAX and Eurostoxx50 contracts.

 

Thanks, cooter. I tried to get it but Java app just hung on me. Hope it was worth the time.

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Guest cooter
Thanks, cooter. I tried to get it but Java app just hung on me. Hope it was worth the time.

 

You'll have to judge that for yourself. Try watching the recording and let us know. You shouldn't have any problems with the links above.

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I Ve Been Seeing Some People Interested In Trading Dax.

 

I Trade Dax Only. Im Quite Experienced On This Product. Basing This Thread On My Expirience I Will Say The Following:

 

- Dax Is A Very, Very Volatil Future. One Of The Hardest

 

- The Best Time To Trade Dax Is When Usa Market Opens Till The Closing

 

- Because Of Its Volatility, Dax Day Traiding Is Quite Risky. After Many Attempts To Day Trade, I Finally Consider That Swing Trading Is The Best Option To Work With Dax Futures

 

- I Do About 1 Or 2 Entries Per Week And Hold Them Between 1 Or 4 Days. Depending On If My Position Is Based On The Long Term Market Trend Or, On A Corrective Movement Of That Trend.

 

- Dax Movements Are Between 30 And 50 Points (25€ Per Point). If You Are Playing The Trend This Waves Can Lead You Till 150 To 250 Points Of Profit. If You Play A Corrective Wave, The Best Is To Pick Up The 30 0r 50 Points And Exit. The Second Option It Is Normally A Day Trading Move, Not A Swinger

 

- As Far As I Know, There Is Not Any Tick Or Trin For This Future.

 

- Mornings In Dax Are Not Very Profitable, Normaly But, Depending On What Usa Market Did The Night Before You Can Estimate If To Trade Some Mornings Can Be Worth It.

 

- Dax Is Leaded By The Usa Market As Almost Everything. So To Trade Dax Is Necessary To Look At Usa References. I Always Do My Dax Trades Looking At The Sp Futures And Dj Transport Average.

 

Hopping This Can Be Useful To Someone

 

Best Regards,

 

Malvado

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Tks for the info Malvado - any advice/suggestions on brokers/platforms to trade DAX?

 

I'm totally new on this and have been learning the ropes on Tradestation with ES, ER2, YM, EC, BP.

 

Pepe : ))

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