Last 1/3 +33.5 too near the close Just a quick visual of set-up that was happening on 10 minute chart and a couple of triggers on 1 minute chart, 1 loss/1win. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1735208>
Do you ever use volume to trade the DAX in conjunction with MACD div.? I just can't do overnights otherwise I would be on it.
1. I mainly use MACD histogram divergence; 2. I don't use volume nor DOM analyses, though do not consider them irrelevant, to me histogram shows enough info which is broken down for simpler analyses, I tried DOM analyses in the past and realised that my brain's bandwidth has a serious lag 3. I try not to hold overnight positions.
I was just curious. In am in my beginning study of Wyckoff price volume I find that look at the DAX is really nice for divergences, as you already know. You will get some perfect double tops with major MACD and volume divergences. Oh if I was in Europe. Overnight meaning for me, I can't trade in the middle of the night.
I personally prefer relatively quick outcomes and for that fDAX beats ES considering the spread vs average oscillation range, ES has more of a knee jerk p/a ImE.
Oh agreed, I have watched it live a little bit ( that's how I figured out I couldn't pull graveyard trading shifts ) and you win or lose quick. That's the reason I leave myself the option to trade the ER2, the DAX on qualudes. My American ex pat friend trades the DAX in Ukraine, and he likes it very much. It's funny you use the histogram, while I was taught to use the fast without histogram, both work well though.
Looking at weekly DAX's histo shows a definite bounce/reversal pattern whereas DJIA is the opposite, it's still within a bearish divergence. On daily charts I view both as more bearish according to histogram, DAX is right on TL though. Short near pivot +1.5 reverse long off 1 min -3 Still looking OK for possible Long, 1 min diverging, so is 2 min, watching possible start of bounce Long near Lo
-3.5 possible re-entry of same level Long same level off 2 min divergence -4 re-entered <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1735520>