esx is trading in the middle of the three day range at the moment, so no major technical plays imo. news at 12 and at 2:30 Berlin time might fire it up. Don't know if the 12 o'clock news is any important? (EMU Q3 revised labour costs.) Let's start. goal for today is not allowing any losers larger then 2 ticks and 95% of losers should be 1 tick.
It is such a fine line between pressing your winners or taking your winners. I still do that wrongly. I always want to let my winners run, mostly ending up losing on them eventually :-( taking losses is less hard, just do it..
yawn, very slow market. maybe i can try to play mm very carefully. think my chances aren't that high though.
No, esx the concept is to trade the esx only. just before lunch i tried the dax, it looked easy. then i lost a lot of points on it. now i am trying to make it back by the esx again. just made 4 ticks after the figures of 14:30
anybody wants to comment on relationship between s&p and esx? my impression is that it's heavily arbitraged against eachother. how else would you explain the sudden rush in volume at 15:30??
p&l: fdax -13 (ouch) 24 contracts traded one side fesx +20 93 contracts traded one side. can't say rt's because i traded different sizes
Let's assume u have 1.8 euro per side commission for eurex futures. That will be: (24+93) * 1.8 = 210.6 euros P/L from trades: dax -13*25 = -325 euros estxx +20*10 = +200 euros Result: 200 - 325 - 210 = -335 euros Conclusion: you over-trade!