DAX Trading

Discussion in 'Trading' started by amsterdam, Apr 5, 2012.

  1. I don't have many limits on the DAX and only trade it with max 2 lots, which is more than plenty at the moment, but i was wondering if there were many DAX traders out there and if so, how do you trade it.

    Do you only trade breakups/breakdowns on it?
    Do you have an automated trading system or hit it aggressively?
    What range will you give yourself? Risk 3points to make 10 on it?

    For myself, I can read the price action on it pretty well, but picking a level that doesn't put me off side and show massive pain is sooo hard on this product. Sure enough, on most occasions, I get shaken out only to see the trade pan out later.

    Not the type of product I would want to trade cowboy style, but sure feels like it's the only way to trade it.
  2. Yeah DAX will do that to you.. Thinking you got the level and then wham slams 20 ticks against you only to find a new better level, add your second lot here! Good Luck..