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  • #6,321
  • Mar 24, 2016 7:46am Mar 24, 2016 7:46am
Quoting dee50
Note that Borse price is well below the BRN and the MT4 price is 10 pips above, infact the overall pips difference is 38.08 pips. What the hell are we trading!!!
Hey Dee,
it looks like you are trading the FDax as a CFD so you have a price difference from +-40 Pips. The Dax has two different types. The Kassa Dax Index, which is shown on börse Frankfurt and the Eurex FDax. Every broker has different cfds. By me, Varengold has the Eurex/Fdax and Sensus is trading the Kassa Dax. Two different brokers, two different GEr30 charts. If you look on Ig Markets, they have both. so Ger30 isn´t everywhere the same. i hope i´have told you no bullshit, but that is my explanation
  • #6,322
  • Mar 24, 2016 7:59am Mar 24, 2016 7:59am
Quoting dee50
{quote} Thanks for the info Erkro. Just to clarify, what are you using as the "realtime" data comparison, I've looked at the Borse Frankfurt site but their data is delayed? Don't forget that there has always been a difference in prices between Futures and Forex, for example, the EURUSD (Forex) and 6E (eurusd Futures) there has always been a 4 - 8 pip difference, then there is the FDAX (Futures) and the Forex DAX the differences there fluctuate wildly depending on which Forex Broker you are looking at, mainly I think because the Forex DAX is not...
Hi Dee, I only trade the Forex Dax (CFD), and I compared prices with: http://www.finanzen.net/aktien/DAX-Realtimekurse
Boerse Frankfurt works now, and there are the same prices like finanzen.net: http://www.boerse-frankfurt.de/aktien/realtime-quotes
From my brokers I found only one who has the same Forex Dax (CFD) prices, so that's ok for me.
  • #6,323
  • Mar 24, 2016 9:29am Mar 24, 2016 9:29am
Quoting Eulbaerbaum
{quote} Hey Dee, it looks like you are trading the FDax as a CFD so you have a price difference from +-40 Pips. The Dax has two different types. The Kassa Dax Index, which is shown on brse Frankfurt and the Eurex FDax. Every broker has different cfds. By me, Varengold has the Eurex/Fdax and Sensus is trading the Kassa Dax. Two different brokers, two different GEr30 charts. If you look on Ig Markets, they have both. so Ger30 isnt everywhere the same. i hope ihave told you no bullshit, but that is my explanation
I believe you are correct. The Kassa Dax Index is the Cash index and operates same hours as the Trading Floor, Eurex is the 24 hr version and that data is supplied to the Futures market, how ever, during normal trading hours they should be exactly the same, the identical situation to the SP500 and other Indexes, cash session and 24hr.
Cut your Losers short and let your Winners run.
  • #6,324
  • Mar 24, 2016 9:30am Mar 24, 2016 9:30am
Quoting erkro
{quote} Hi Dee, I only trade the Forex Dax (CFD), and I compared prices with: http://www.finanzen.net/aktien/DAX-Realtimekurse Boerse Frankfurt works now, and there are the same prices like finanzen.net: http://www.boerse-frankfurt.de/aktien/realtime-quotes From my brokers I found only one who has the same Forex Dax (CFD) prices, so that's ok for me.
OK. Thanks for helping to clarify things.
Cut your Losers short and let your Winners run.
  • #6,325
  • Mar 24, 2016 4:58pm Mar 24, 2016 4:58pm
Quoting dee50
{quote} OK. Thanks for helping to clarify things.
Thanks for your help in this thread!
  • #6,326
  • Mar 27, 2016 6:11am Mar 27, 2016 6:11am
This has really been bugging me!!!! A 38 pip difference between the Boerse price and MT4 seemed ridiculous to me and as I said in a previous post, other traders must be looking at similar charts other wise we would not be able to trade and the brokers could not claim to be representing the DAX Index.
"Eulbaerbaum" and "Erkro" got me thinking, instead of comparing the data directly with the Boerse at Frankfurt, what if the data provided by Eurex to the futures market is different from the Boerse, so look at the data from Eurex and make a comparison with that. I got a chart from Barchart.com of the DYM16, don't be confused that is one of the DAX Index codes and June 2016 is the contract date. I made a comparison of 3 points on the chart, here is the link if you want to do the same, DYM16 | Commodity Futures Price Chart for DAX Index June 2016

What I found was that there was on average only 8 pips difference which matches what happens between Forex currencies and Futures currencies which makes a lot more sense to me.

Why there is such a large difference between what is happening at the Boerse Exchange and what is supplied by Eurex to the Futures market is beyond me but it is a relief to find that we are all working with similar data if not exactly identical.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FDAX DYM16.png Size: 42 KB
Click to Enlarge Name: BARCHART DYM16.png Size: 23 KB
Cut your Losers short and let your Winners run.
  • #6,327
  • Mar 27, 2016 7:12am Mar 27, 2016 7:12am
Some one has sent me this, it is a copy of a chat with their broker about a price difference. I have redacted the names because of the confidentiality agreements, this confirms what many of us knew any way.

In Forex the Banks manipulate the Markets, they manipulate and supply the prices, we know this and we also know there is sod all we can do about it, if we want to trade we have to trade within "their" system.

As I said in a previous post, as long as my orders and Take profits are filled at the levels on my chart, I can live with it.

On the other hand if you are some one who looks to another thread for guidance on price and direction, be careful, because who you are watching will probably be working on different prices, when they say they are going Long when price hits 9950 they could be long much sooner than you.
Attached Image (click to enlarge)
Click to Enlarge Name: Price difference Broker explanation.png Size: 38 KB
Cut your Losers short and let your Winners run.
  • #6,328
  • Mar 27, 2016 7:30am Mar 27, 2016 7:30am
The liquidity provider defines CFD prices, and in fact they should follow the underlying future corrected by interest due to its expiration date. The problem is that many liquidity providers (like MM brokers) do not back up their CFD by the future. In such a case they may do whatever.
  • #6,329
  • Mar 27, 2016 10:43am Mar 27, 2016 10:43am
dee - thanks for posting that chat exchange.

If there is really a broker out there who only follows spot and doesn't use futures, then it would be a licence to print money.
  • #6,330
  • Mar 28, 2016 12:04pm Mar 28, 2016 12:04pm
Back to activities after a week off due easter. Happy easter to all.

This may be a stupid comment, but for those of you that notice this, do you think can be a matter of lagging information? Maybe one of the sources is the leading one and can be used in our favor... kind of arbitrage.

Just a guess




Quoting dee50
This has really been bugging me!!!! A 38 pip difference between the Boerse price and MT4 seemed ridiculous to me and as I said in a previous post, other traders must be looking at similar charts other wise we would not be able to trade and the brokers could not claim to be representing the DAX Index. "Eulbaerbaum" and "Erkro" got me thinking, instead of comparing the data directly with the Boerse at Frankfurt, what if the data provided by Eurex to the futures market is different from the Boerse, so look at the data from Eurex and make a comparison...
  • #6,331
  • Mar 28, 2016 2:58pm Mar 28, 2016 2:58pm
Hello
I have followed this thread for a long time now and I'm very impressed of your work (specially magic dee from spain). I hope that I will be able to contribute on my angle on this trading style. Maybe not so simple as the starter, but the most profitable strategy I have tried so far, and I love it. Big thanks to you all...

I hope you all had a nice easter holiday, and are ready for some action this week. cu.

/Mr fisherman
  • #6,332
  • Mar 28, 2016 3:25pm Mar 28, 2016 3:25pm
Quoting MrFisherman
Hello I have followed this thread for a long time now and I'm very impressed of your work (specially magic dee from spain). I hope that I will be able to contribute on my angle on this trading style. Maybe not so simple as the starter, but the most profitable strategy I have tried so far, and I love it. Big thanks to you all... I hope you all had a nice easter holiday, and are ready for some action this week. cu. /Mr fisherman
Welcome aboard! Bring it on!
Let it turn and find your entry.
  • #6,333
  • Mar 29, 2016 4:04am Mar 29, 2016 4:04am
GER30 + 32, 123 within a 123, with a hdiv on 5pip chart. I targeted fib ext 168, worked out well.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+32-123w123.png Size: 122 KB
  • #6,334
  • Mar 29, 2016 4:22am Mar 29, 2016 4:22am
DAX (+30)

HDIV + REG DIV on 3 Pips chart.

Did not have the balls to hold onto it. It reached my TP which was located where Joshua's were.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M3.png Size: 34 KB
Invincibility lies in the defence; the possibility of victory in the attack
  • #6,335
  • Mar 29, 2016 5:09am Mar 29, 2016 5:09am
GER30+2+27+22+2+2+49+44. Scrappy and lacking conviction, so I ran a Tight BE, it was too tight so I loosened up a bit and voila!
Attached Image (click to enlarge)
Click to Enlarge Name: GER30+2+27+22+2+2+49+44 290316.png Size: 34 KB
Cut your Losers short and let your Winners run.
  • #6,336
  • Edited 5:49am Mar 29, 2016 5:11am | Edited 5:49am
Quoting BBalazs
DAX (+30) HDIV + REG DIV on 3 Pips chart. Did not have the balls to hold onto it. It reached my TP which was located where Joshua's were. {image}
Houston I think we have a problem. BBalaz's Balls have shrunk and are not large enough for a re entry!!
Cut your Losers short and let your Winners run.
  • #6,337
  • Mar 29, 2016 5:13am Mar 29, 2016 5:13am
Quoting JoshuaHope
GER30 + 32, 123 within a 123, with a hdiv on 5pip chart. I targeted fib ext 168, worked out well. {image}
It worked out very well, nice one
Cut your Losers short and let your Winners run.
  • #6,338
  • Edited 5:46am Mar 29, 2016 5:25am | Edited 5:46am
Quoting cfabian
Back to activities after a week off due easter. Happy easter to all. This may be a stupid comment, but for those of you that notice this, do you think can be a matter of lagging information? Maybe one of the sources is the leading one and can be used in our favor... kind of arbitrage. Just a guess {quote}
HAH! You don't think they have already thought of that!! What can be more leading than the price direct from the exchange, compare a few different sources and unfortunately you will be none the wiser, the prices are randomised so that it is virtually impossible to tell which is leading.

As I understand it. Spot and Cash are the same thing, I'm not sure why people differentiate, and there is no difference between Spot/Cash and 24 hr during normal trading hours, the only differences are artificially introduced by the Data suppliers and Liquidity Providers and to a degree by the Brokers and their different Start of Session times.

Any one feel free to correct me if I am wrong!

EDIT. Just had a thought I think I might be barking up the wrong tree about Spot and Cash, "Spot" is a Forex term so doesn't actually apply to an Index whose prices come from a Centralized Exchange I think I had better do a bit of research to clear this up, hate to give you all the wrong information!

If I am boring you with all of this don't read my next few posts.
Cut your Losers short and let your Winners run.
  • #6,339
  • Mar 29, 2016 5:27am Mar 29, 2016 5:27am
Quoting handy148
dee - thanks for posting that chat exchange. If there is really a broker out there who only follows spot and doesn't use futures, then it would be a licence to print money.
If only. But then there would only be one Broker because all traders and institutions would be signed up with them.
Cut your Losers short and let your Winners run.
  • #6,340
  • Mar 29, 2016 5:41am Mar 29, 2016 5:41am
Referring back to that Broker chat.
http://www.forexfactory.com/showthre...58#post8837458

Don't know if any one else noticed that the Broker did not really answer the question as to "why there was a 30 pip difference in the price quoted"

Yes the prices come from the Liquidity Provider and are therefore outside the control of the broker, but one has to ask WHY the Liquidity Provider finds it necessary to manipulate the price so much when other brokers Liquidity Providers do not? And once again "Chat:I am not sure if other Brokers follow Spot or Futures" HUH!! for an Index it should make no bloody difference.
Cut your Losers short and let your Winners run.
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