Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

brownsfan019

Any DAX and/or STOXX traders here

Recommended Posts

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 : ))

 

Open ECry has access to the Dax, among many other futures products. I would at least check out the free trial.

Share this post


Link to post
Share on other sites

Malvado, I day trade DAX and I just trade for the first 2 to 3 hours, the cream's gone after then, at least for my style.

 

 

I Ve Been Seeing Some People Interested In Trading Dax.

 

- 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

Share this post


Link to post
Share on other sites
Malvado, I day trade DAX and I just trade for the first 2 to 3 hours, the cream's gone after then, at least for my style.

 

Ditto here, believe in the power of quitting, after 1-2 good trades.

 

What timeframe charts do you employ for dax, I normally look at 60/15/5, and enter via 2-3min . VSA principles work great in this market , however it is a volatile environment and trade management would have to quite different than say trading YM

 

Why not post some charts of morning trades, that way we can once again kick start this thread, may draw in more Dax traders to exchange ideas with.

Share this post


Link to post
Share on other sites

Hi all, my first post here, i,ve been looking for a DAX thread, hopefully a few more traders will participate.

I have only been interested in the DAX futures for the last 4 months and i have to say i'm hooked...still trying to find a way to scalp it with a R/R of more than at least 1/1.

The image shows my chart set up, with the only thing missing, the support/resistance lines....i try to keep things simple and rely more on discretion.DAX.JPG.3d8aaf18014b84568cc9364dcc4a5b7b.JPG

Share this post


Link to post
Share on other sites
Ditto here, believe in the power of quitting, after 1-2 good trades.

 

What timeframe charts do you employ for dax, I normally look at 60/15/5, and enter via 2-3min . VSA principles work great in this market , however it is a volatile environment and trade management would have to quite different than say trading YM

 

Why not post some charts of morning trades, that way we can once again kick start this thread, may draw in more Dax traders to exchange ideas with.

 

I use range bars 6 or 11.5, depending on volatility

Share this post


Link to post
Share on other sites

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

 

No, this is wrong. The DAX follows the DJ Euro Stoxx 50 "tick by tick" so to speak. Look at the DOM. When the DJ Euro Stoxx moves up 1 point (= 1 tick), DAX follows with 2 points (= 4 ticks) (this is average, this relationship lies between 2-6 ticks) 0.1 seconds later. I assume this is due to computer trading.

 

Another thing I would like to mention is that the DAX has a lot less liquidity. There are usually about 10-20 contracts on each side in the order book while the DJ Euro Stoxx shows 50-200 in the morning/evening and 200-2000 in the noon/afternoon.

Share this post


Link to post
Share on other sites
Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

 

X_Trader by Trading Technologies is excellent for trading anything under the sun.

Share this post


Link to post
Share on other sites

The image shows my chart set up, with the only thing missing, the support/resistance lines....i try to keep things simple and rely more on discretion.[ATTACH]3961[/ATTACH]

 

What kind of chart is that? And what indicator is there that is following the price. This looks like a great setup if you just followed the indicator on the price chart.

Share this post


Link to post
Share on other sites
Trading hours for DAX, EuroStoxx50 and Bund are 0800 till 2200 CET ( 0700- 2100 UTC).

 

Jaap

 

That's correct. But traders should watch out for the last trading day because the trading day ends around noon, but each future (DAX, EuroStoxx & Bund) has a different closing time on the last trading day.

Share this post


Link to post
Share on other sites
X_Trader by Trading Technologies is excellent for trading anything under the sun.

 

Straight up. If you're a DAX trader and actually want half a chance of making money, use Trading Technologies. These guys are the best, period.

Share this post


Link to post
Share on other sites
What kind of chart is that? And what indicator is there that is following the price. This looks like a great setup if you just followed the indicator on the price chart.

Hi Agekay, i haven't been here for a while....that chart is nothing special mate, heikin ashey, oscilator, and a moving average, unfortunately it would take a lot more than that to be profitable.

Charting used :sierra charts

BUT, if you use discretion derived from larger timeframes, S/R, fib's, T/L's, or even pivots, it could be useful.

My problem is that due to very small account, it makes me hesitate pulling the trigger, a few false moves could wipe out my account very quickly...

I like the dax because of it's volatility and quick moves, in the very small (20-50 ticks) timeframes you can enter a trade and reach your target (or loss)in

a few minutes, i got sick of waiting in the currencies for a trade to evolve, being an inpatient person, the DAX suites me fine.

Share this post


Link to post
Share on other sites
unfortunately it would take a lot more than that to be profitable.

 

I still think that you can trade this profitable with the indicator on the price chart alone keeping your stops smaller than your targets.

 

My problem is that due to very small account, it makes me hesitate pulling the trigger, a few false moves could wipe out my account very quickly...

I like the dax because of it's volatility and quick moves

 

Try trading the Dow Jones Euro Stoxx 50 (FESX) then. The margin requirement is usually about a forth of DAX and the tick and point size is smaller, so it's easier to manage your position size. The FDAX follows the FESX anyway (the reason they have the same volatility percentage-wise) and FESX moves are a lot smoother (since it's a lot more liquid).

Share this post


Link to post
Share on other sites

Good advice from AgeKay. I'm not sure what exactly a 'small account' is but the DAX can rip through several thousand euros/contract in seconds. It's certainly no place to be with a small account.

 

I have been trading the FTSE a little recently thats intresting 'feels' more like the DAX than Stoxx. I shelved the DAX several months back as it was just behaving oddly (to me) with strange volumes (block trades probably) and some quite erratic movements.

Share this post


Link to post
Share on other sites
Good advice from AgeKay. I'm not sure what exactly a 'small account' is but the DAX can rip through several thousand euros/contract in seconds. It's certainly no place to be with a small account.

 

I have been trading the FTSE a little recently thats intresting 'feels' more like the DAX than Stoxx. I shelved the DAX several months back as it was just behaving oddly (to me) with strange volumes (block trades probably) and some quite erratic movements.

 

Yes Dax does require wider stops and can at times be very volatile, however if you learn to identify the recurring patterns and time your entries etc, it can be managed in time.

How do you find FTSE, tried it many years back but found the market lacked liquidity and was too spikey. Any comments of the Stoxx, appears to have enough liquidity, however am not comfortable with the charts. guess it is a matter of getting used to the instrument.

Share this post


Link to post
Share on other sites

I took a break from dax I guess a couple of months before Xmas there where lots of block trades (messing up any read of volume) actually strange volume in several instances. FTSE I find quite similar to DAX though only been on it it about 2-3 weeks. DAX can be pretty spikey too! They both can be thin it has to be said.

Share this post


Link to post
Share on other sites

Thanks for the advise, i have to agree with bearbull the charts and movements don't occur in the same manner between DAX and ESTX.

Back to the chart posted, IMHO nothing works without a good "feel" of the market you are observing and it's "moods", if it's stuck in a range you can ride the oscilations with a wider stop, knowing that even if you don't get the entries exactly right it will come back to a profit, but you will have to be weary of the break that will come eventualy, if in a trend take only the signals to the direction of the trend untill the trend is over, that's indicated with lower lows/ higher highs....but not always of course..:roll eyes:

Share this post


Link to post
Share on other sites

I've been trading the DJ EURO STOXX 50 last few weeks. I begin trading about 4:00am Eastern and go for about three-four hours. Good volume and has a steady beat to it usually. Merely trying a mid-Keltner strategy for now. Just trying to grab 4 or 5 ticks at a time. You can kind of feel it stalling at times, then breaks away. Just learning it at the moment, as it fits my current day/night pattern.

Share this post


Link to post
Share on other sites

Hello all,

 

From my name , you can see i trade Eurostoxx mainly but touch the dax occasionally as well.

 

My advice is, keep it simple, these markets trade quite technically in terms of levels & trend lines. Don't bother trading the Dax seriously unless you have $xx,xxx in your account...minimum.

 

In my opinion as well, you need to take advantage of the liquidity the Eurostoxx offers...you are trading in volatility for liquidity, so get some size on which fit in with your risk parameters.

 

I am currently working on a mechanical system for scalping the DAX, if anybody else has done this please contact me so we exchange some ideas.

Share this post


Link to post
Share on other sites
Guest Tresor

Hello Guys,

 

There were reduced trading hours on Eurex on 30 Dec 2008. These reduced trading hours had not been mentioned in the 2008 trading calendar.

 

As I am going to start to trade FDAX and other Eurex futures soon, I need to agreggate tools of information. Can you please tell me where you find such information as unexpected reduced hours etc? Which RSS?

 

Regards

5aa70ea531023_FDAXreducedhours.thumb.jpg.71e746f8810d2c3d9651d79209f25818.jpg

Share this post


Link to post
Share on other sites
Hello all,

 

From my name , you can see i trade Eurostoxx mainly but touch the dax occasionally as well.

 

My advice is, keep it simple, these markets trade quite technically in terms of levels & trend lines. Don't bother trading the Dax seriously unless you have $xx,xxx in your account...minimum.

 

In my opinion as well, you need to take advantage of the liquidity the Eurostoxx offers...you are trading in volatility for liquidity, so get some size on which fit in with your risk parameters.

 

I am currently working on a mechanical system for scalping the DAX, if anybody else has done this please contact me so we exchange some ideas.

 

Best advice posted....

 

The dax can be a bit crazy, but overall european markets are extremely technical and the cash follows in the index.

 

As a prop trader i traded the schatz, bund and eurostoxx - best way is to keep it simple using S/R levels and have sound fundemenatal knowledge of the market you're trading. Put in the screen time and learn how prices trade and learn how to spot momentum, and thats all you'll need.

 

The good old days are gone tho, but this won't really effect you unless you're trading size.

Share this post


Link to post
Share on other sites
Hello Guys,

 

There were reduced trading hours on Eurex on 30 Dec 2008. These reduced trading hours had not been mentioned in the 2008 trading calendar.

 

As I am going to start to trade FDAX and other Eurex futures soon, I need to agreggate tools of information. Can you please tell me where you find such information as unexpected reduced hours etc? Which RSS?

 

Regards

 

 

Have you tried using Firefox? I think they have a built in RSS feed links. Also, I think they have some add ons you could use also. Just an idea.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.