Attachments: Scalping the DAX?

Scalping the DAX?

#1
First Post: May 22, 2011 7:18am May 22, 2011 7:18am

scapler000
| Joined Feb 2011 | Status: Trader | 21 Posts

Hey every one!
i am looking for a good reliable system to trade DAX. if any one trading DAX please share with me .
thnx

#2
Edited 10:19am May 22, 2011 10:13am | Edited 10:19am

Kenz987
| Joined Aug 2006 | Status: Trader | 737 Posts

The margin is too much for me - about $12,000 last time I looked on IB (Interactive Brokers). But I have charted it. Here is a pic of a 15-second chart on Ninja Trader ver 6.5, with some of my indicators. Ver 6.5 is becoming obsolete, but I have not moved my indis to ver 7 yet.
The Feb-10 March data is the last I have.
ps: Don't know why the pic is so big..???
ps2: The pic looks better in Paint.

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#3
Jun 3, 2011 10:52am Jun 3, 2011 10:52am

scapler000
| Joined Feb 2011 | Status: Trader | 21 Posts

Quoting Kenz987

Disliked

The margin is too much for me - about $12,000 last time I looked on IB (Interactive Brokers). But I have charted it. Here is a pic of a 15-second chart on Ninja Trader ver 6.5, with some of my indicators. Ver 6.5 is becoming obsolete, but I have not moved my indis to ver 7 yet.
The Feb-10 March data is the last I have.
ps: Don't know why the pic is so big..???
ps2: The pic looks better in Paint.

Ignored

which system are you using ?

#4
Jun 4, 2011 12:45pm Jun 4, 2011 12:45pm

Kenz987
| Joined Aug 2006 | Status: Trader | 737 Posts

No special system, just trying to stay with the trend.
Using the 1-minute chart for the "long term".
Using a tick or seconds chart for entry.
Mainly trendlines, s/r, 123s.
I like grids at 00 levels and constant distance ma channels.
I found scalping nearly impossible with MT4.
There are futures brokers that provide a free data feed to free Ninja Trader ver 7 - see their site/forum for a list. With that you can build the kind of charts you want.

#5
Jun 16, 2011 10:49pm Jun 16, 2011 10:49pm

fido
| Joined Apr 2009 | Status: Almost there | 233 Posts

Quoting Kenz987

Disliked

The margin is too much for me - about $12,000 last time I looked on IB (Interactive Brokers). But I have charted it. Here is a pic of a 15-second chart on Ninja Trader ver 6.5, with some of my indicators. Ver 6.5 is becoming obsolete, but I have not moved my indis to ver 7 yet.
The Feb-10 March data is the last I have.
ps: Don't know why the pic is so big..???
ps2: The pic looks better in Paint.

Ignored

But the day margin is only 25 % of the full margin with most brokers.

#6
Jun 17, 2011 2:17am Jun 17, 2011 2:17am

mark308
| Joined Sep 2010 | Status: Trader | 15 Posts

Careful with DAX as it tends to be quite volatile like the mini russell at times. Also, slippage may be an issue, even a 5 lot position is likely to slip quite a bit. I think the DAX is good for scalping especially through a hint of a trend, as it can be a bit choppy, but still liquid enough for getting filled. As for margins, many brokers actually have around 2,000 eur intraday.

#7
Jan 15, 2012 7:53am Jan 15, 2012 7:53am

Tint
| Commercial User | Joined Dec 2011 | 141 Posts

The DAX confirmed a double top formation plunging below our stop. We expect an extension of the correction toward the 200 hours line at 6039 if not even a move toward the important support line at 5873. However this decline is corrective and a new buying opportunity!!!!!!!!!!!!!

#8
Jun 9, 2014 11:04am Jun 9, 2014 11:04am

de_prince
| Joined Jan 2014 | Status: Might is Right | 67 Posts

hey,

let's continue the thread!

today DAX meets resistance and double shoulder so I believe it will go down to 9932.6

contact me for a managed account

#9
Jul 20, 2014 1:44pm Jul 20, 2014 1:44pm

tharock
| Joined May 2014 | Status: Trader | 6 Posts

Because of the low volatility of the forex market, I tried to paper trade the FDAX. It's crazy how fast you can make 10 points profit. The problem is, you can loose them that fast too. What I like to trade are bounce of significant S&R levels with a standard TP of 10 points.

Here an example:

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What I have noticed is the DAX has quite often nice trends and quite tradable ranges. I'm looking foward to trade it again on Monday and maybe make some updates here.

#10
Jul 22, 2014 1:41am Jul 22, 2014 1:41am

Islander
Joined Jan 2007 | Status: Trader | 11,838 Posts

Check out this thread....SPX and DAX - CFDs are the place to be http://www.forexfactory.com/showthre...487175&page=14

You will find some posts and charts....

Trading Levels with WRBs

#11
Aug 11, 2014 3:32am Aug 11, 2014 3:32am

Jeffray
| Commercial User | Joined Nov 2013 | 313 Posts

definately subscribed to this!

really like to scalp this "beast"

#12
Jan 26, 2015 8:30am Jan 26, 2015 8:30am

rtan999
| Commercial User | Joined Jan 2013 | 64 Posts

DAX Opening 26Jan15 Profit in 5 min for 20 point Euro 500. - chart from Interactive Brokers.

https://www.facebook.com/meetup.fx
http://www.meetup.com/Singapore-FOREX-Group/

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#13
Edited 5:55am Sep 7, 2015 5:29am | Edited 5:55am

Waxy
| Joined Aug 2015 | Status: Trader | 14 Posts

hhi,
lets try to bring this thread back to life. I guess a lot of previous posters here got burned on the dax lately (so did i, blow up my account 3 times so far). Once i figer i got the right trend, those 100+ point drops get me again and again. Reducing position size isnt helping. I grab those pips and (make me believe) that i got it right this time. When i scale up 10 to 50 contracts.... u know what happens. I am pretty new to all this. I appreciate some insight.

FYI : I am long at 10076.x

if my cat was a cow....

#14
Sep 7, 2015 7:13am Sep 7, 2015 7:13am

srt
Joined Dec 2012 | Status: On Life's Path | 2,076 Posts

Quoting Waxy

Disliked

hhi, lets try to bring this thread back to life. I guess a lot of previous posters here got burned on the dax lately (so did i, blow up my account 3 times so far). Once i figer i got the right trend, those 100+ point drops get me again and again. Reducing position size isnt helping. I grab those pips and (make me believe) that i got it right this time. When i scale up 10 to 50 contracts.... u know what happens. I am pretty new to all this. I appreciate some insight. FYI : I am long at 10076.x

Ignored

Dax traders here.
http://www.forexfactory.com/showthread.php?t=506246