If it has more range and you can pull more points out of every trade, you can play with smaller size and still end up making more than you would have on ES. -Fast
Yeah, if you're profitable, but if you can't pull it off on NQ/Es, your changes on making a profit on DAX are 0. For someone starting out i would always recommend ESTX50 instead of DAX, because that is less vicious.
Not sure yet. I just got the datafeed to Eurex today so I'll have to watch it for a few days before I can decide. I might trade Eurex from 8:00-9:30 AM EST and then switch to ES/NQ. -Fast
Well there is no doubt that ES is less volatile BUT provided you adopt a simple trend following system, reasonable stops and only take low risk trades.. 1. follow trend 2. Buy at lower Kelner chanell/B Band 3. short at upper versions of 2 4. keep your nerve you can make as much money trading DAX in 4 hours as ES all day. It is not unreasonable to make 30 DAX points in 3-5 hours - roughly $600. To achiever that on Es you need 12 points (all figures with 1 contract) - probably 6 hours trading or 8 hours watching. Dax rallied this am from 3450 at 10 (no trading before then due to exchange problems) to 3500 by 3pm.. 50 points in 5 hours then fell to 3475 and then rallied to 3510.. so lots of big and fairly clearly signed moves..
oh and "That does make sense., because after 9.30 Europe is enslaved. Good luck" The Dax often follows ES move by move: all through the day: remember ES is open for trading all the time DAX is open.. the worst times for the DAX are often the hour before US opens and the hour after (depending on what happens of course). DAX consolidations are a meat grinder.