I don't care which one you trade, just give us a heads up on how you do it. I really need to get that one good one each day to make up for all the bad ones that look like good ones. Weren't you emintrading or something like that back when?
thanks guys for the interest...I really like the DAX because of its point value 1 pt=$25Euros ($40USD approx)...I need to trade 8 YM contracts to get that value and pay for 8 commissions!!! secondly...like the FTSE because the point value is 1pt=$10british pounds ($20USD approx)...I need to trade 4 YM contracts to get that value and pay for 4 commissions!!! thanks again and please share your insights////!!
FTSE Daytrade Margin: 675 british pounds ($1,350 USD approx) 1 pt move=10 british pounds ($20 USD approx.) DAX Daytrade Margin: 2,000 Euros ($3,150 USD approx) 1 pt move=25 Euros ($40 USD approx) I trade from the USA (Chicago Time) but I am into... EXPLOITING overnight DAX/FTSE & DOW/SP DIVERGENCES...does anyone trade off of the divergences you might find created by the DAX/FTSE when the US markets (Dow, SP) opens?...example...DAX/FTSE soaring and trading higher all day...US markets open and they are weak...and heading lower...therefore the DAX/FTSE seek to "adjust" and sell off to 'end the divergence' and get closer to where US markets are(weaker in the example)...seems as if great set-ups can be found for trading the DAX and FTSE using this strategy...anyone with insight on this...??other strategies using DAX/FTSE and DOW/SP divergences...?
will trade 1 DAX and 1 FTSE contract per daytrade to begin with...$$$USD goal per day...at LEAST $200.00 USD...All DAX & FTSE trades will be from 8:30am to 10:30am Chicago time only... here is the deal...it would take me about 4 YM contracts to = 1 FTSE contract...why pay the commissions and easier to control 1 FTSE contract than 4 YM... also... it would take me about 8 YM contracts to = 1 DAX contract...why pay the commissions and it is easier to control 1 DAX contract than 8 YM...
DAX spread is usually .5 to 1 pt only!!!!...wow...the CL can get to about .10 cents....DAX is very granual... FTSE spread can be from .5 to 1.5...still...very granual... I thought about using the CL and have traded it but the spread on the CL can get like to .10 cents and wipes out your stops... MAN...the DAX almost never has a wide spread...
Here are some great websites for key DAX, FTSE and YM specs, information: www.mypivots.com www.americanbulls.com www.britishbulls.com http://www.x-market.biz