########################################## Good idea- animations are always welcome. Do you use any indicators for your ultra short term scalping? What do you mean by "mp" and keeping an eye on oil inventories?? Thanks for sharing. Charly
I dont use any indicators apart from volume. As for mp its market profile which basically give you an idea of what prices the main sellers and buyers are coming in at, its good for showing you areas where you will have support and where you can get away with decent size. Charts in general for me are a small part i only really use them for s/r levels. As for the oil inventories it was just really an example of why oil is good to watch as obviously indices act the opposite to figures the way oil would so if you ever watch on the oil figure if there is a big spike upwards then the dax will act the opposite and have a sell off. Its probably one of my favourite figures to trade the dax on.
Few things that make DAX trading more difficult over the last few weeks is widened spread and thinner book. I am planning to make temporary switch to FESX, it became volatile enough for intra day trading for me, and its book depth and spread are excellent.
Yeah i agree with you its a lot thinner but i tried switching to the eurostoxx and couldnt adjust to it, i found it too slow althought this was about 3 months ago
Eurostoxx is usually quite slow, but last few weeks it have very decent moves. Take a look at it. The moment things go back to normal, I will switch back to DAX. My main goal is not to loose, and with DAX current spread and book depth, there is much more risk with it, than I want to take.
but i tried switching to the eurostoxx and couldnt adjust to it, i found it too slow althought this was about 3 months ago [/B][/QUOTE] ######################## I agree with your pov - it's (ESTOX50) volume is missleading thus making volume charts - which are very helpful in other cases - more or less useless, with regard to scalping
dax is still very tradeable you just have to have tight stops in mind because if you let it go then it will be costly but viceversa when you a good position on it can be nice. I do quite a bit fo cash equities on the side now aswell since the volume on the bids and offers in the dax have gone down
I trade DAX with 8 tick SL, with the spread easily being 4 ticks (used to be usually 1-2 ticks), and the speed of moves, DAX is currently too risky for me to trade. I had a very good morning with FESX today. Did anyone experience several short data freezes during first few hours in Eurex today? I had 2 where both Ninja and X_trader froze. It could have been my ISP of course, but I just want to ask others. Regards, redduke
eurex was ok for me this morning. I work a ten tick stop on the dax, what sort stop are you working in the eurostoxx ?
Dax scalper You sound like you know your volume. What data feed are you using? Zenfire does not print trades on bid and ask correctly, also I'm finding differences between esignal at TT feed. Any advice and experience on the above appreciated BB