Opening a new thread since my fx-trades didn't work out as I thought they would. However on the bright side my stuff does seems to work well on the Dax. As of this morning I am long 12324. A lot of patience is needed with my trades. I get 2 or 3 at most. The idea is to close out everything though at the end of the day at laterst (being 22:00 CET). I use the 15M and 30M charts to guide me + slow stochastics + 2 ema's. I also use minimalistic ideas I gathered from Elliot Wave.
I presume you are trading European session. Choosing the appropriate instruments to trade is very important. It might determine whether you are going to earn or lose money. currencies day range and its trendiness has not been that good Because traders and big boys are focusing on trade war & interest rate related instruments ( like Germany bonds which are highly tradable). Dax has better day range and trendliness. Better still , trade Nasdaq. Do test it out and see if works for you. Do note that on some days, dax hardly move.
for my social life it's better to try to trade Dax however. NQ is quite the beast though also. I am not sure I am quite up to that yet. Sometimes Dax can be slow, like today but I prefer that over things being all too wild. But thanks for the heads up.
You would probably like the Russell 2K e-mini then: better trending than the DAX, less volatile than the NQ.
yeah, but since I am living in Europe not quite so attractive option; but thanks I might have a look at it.