The Ultimate DAX Scalping Discussion Thread!

Discussion in 'Index Futures' started by Scientist, Dec 28, 2003.

  1. Yeah i was trading 10 lots but i have cut my size in half just to play it safe
     
    #671     Oct 25, 2008
  2. I usee TT pro for trading, CQG for charts and reuters for fundamentals
     
    #672     Oct 25, 2008
  3. Yes the dax does move slower compared to the mini dow but then the tick value of the dax is 25 euros which i think works out roughly to $30 a tick whereas the tick value of the mini dow is only $5.
     
    #673     Oct 25, 2008
  4. Charly

    Charly

    ########################################

    which time frames do you trade??
     
    #674     Oct 25, 2008
  5. teun

    teun

    No, tick value of the FDAX is 12.50 euro. This implies that you have less slippage on this contract compared to YM (and other US futures) when markets are tight (because $ value of FDAX is much higher).
     
    #675     Oct 25, 2008
  6. great answer...It helps me understand...QUESTION for anyone:

    When I traded the DAX like 3-4 months ago I always used a market order to enter and exit. Has anyone used a market order lately and what has the slippage been?...1,2,3 points (full points and not ticks) or more???thanks!
     
    #676     Oct 25, 2008
  7. 4XQs

    4XQs

    Using market orders in the FDAX during the US daytime/afternoon is now really not a good idea. Spreads have been many points wide as of late. 3-5 points (6-10 ticks) isn't unheard of.

    I trade 2 FDAX, 10 FESX, 10-20 NQ and 10 ES using Xtrader Pro.
     
    #677     Oct 26, 2008
  8. I trade from 2am est to about 7:30am est. It is quite insane but I have adjusted my sleep pattern as I work a full time job for the time being. I come back you to trade the US markets during lunch, but I am doing that less as I feel like the DAX and FTSE allow me to make the money I need. I use 1 minute charts but I like to use hourly charts for reference
     
    #678     Oct 26, 2008
  9. RedDuke

    RedDuke

    Welcome to my world. I live in New York and trade DAX as well. I skip first hour since cash is only opening at 9am (3am my time). I would suggest you to do the same to get 1 hour of extra sleep.

    During European morning session slippage is not that bad. I do not enter the trades if spread is more than 3 ticks and/or nearest bid/ask has only 1 contract.
     
    #679     Oct 26, 2008
  10. Charly

    Charly

    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    The latter (just 1 c.) happens quite frequently - unfotunately.
    Makes scalping the DAX not that easy imho.
     
    #680     Oct 26, 2008