Any DAX and/or STOXX traders here

[404]

what are the DAX and STOXX trading hours? (est)

[Jaap]

Trading hours for DAX, EuroStoxx50 and Bund are 0800 till 2200 CET ( 0700- 2100 UTC).

Jaap

[404]

anyone been following the DAX lately?

i am going to load up a chart and start watching it...

[AgeKay]

	Quote:	momentom
	STOXX follows DAX more or less. These two are like ER2 and YM.

No, this is wrong. The DAX follows the DJ Euro Stoxx 50 "tick by tick" so to speak. Look at the DOM. When the DJ Euro Stoxx moves up 1 point (= 1 tick), DAX follows with 2 points (= 4 ticks) (this is average, this relationship lies between 2-6 ticks) 0.1 seconds later. I assume this is due to computer trading.

Another thing I would like to mention is that the DAX has a lot less liquidity. There are usually about 10-20 contracts on each side in the order book while the DJ Euro Stoxx shows 50-200 in the morning/evening and 200-2000 in the noon/afternoon.

[AgeKay]

	Quote:	torero
	Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

X_Trader by Trading Technologies is excellent for trading anything under the sun.

[AgeKay]

	Quote:	caribbean
	The image shows my chart set up, with the only thing missing, the support/resistance lines....i try to keep things simple and rely more on discretion.Attachment 3961

What kind of chart is that? And what indicator is there that is following the price. This looks like a great setup if you just followed the indicator on the price chart.

[AgeKay]

	Quote:	Jaap
	Trading hours for DAX, EuroStoxx50 and Bund are 0800 till 2200 CET ( 0700- 2100 UTC). Jaap

That's correct. But traders should watch out for the last trading day because the trading day ends around noon, but each future (DAX, EuroStoxx & Bund) has a different closing time on the last trading day.

[smwinc]

	Quote:	AgeKay
	X_Trader by Trading Technologies is excellent for trading anything under the sun.

Straight up. If you're a DAX trader and actually want half a chance of making money, use Trading Technologies. These guys are the best, period.

[caribbean]

	Quote:
	What kind of chart is that? And what indicator is there that is following the price. This looks like a great setup if you just followed the indicator on the price chart.

Hi Agekay, i haven't been here for a while....that chart is nothing special mate, heikin ashey, oscilator, and a moving average, unfortunately it would take a lot more than that to be profitable.
Charting used :sierra charts
BUT, if you use discretion derived from larger timeframes, S/R, fib's, T/L's, or even pivots, it could be useful.
My problem is that due to very small account, it makes me hesitate pulling the trigger, a few false moves could wipe out my account very quickly...
I like the dax because of it's volatility and quick moves, in the very small (20-50 ticks) timeframes you can enter a trade and reach your target (or loss)in
a few minutes, i got sick of waiting in the currencies for a trade to evolve, being an inpatient person, the DAX suites me fine.

[AgeKay]

	Quote:	caribbean
	unfortunately it would take a lot more than that to be profitable.

I still think that you can trade this profitable with the indicator on the price chart alone keeping your stops smaller than your targets.

	Quote:	caribbean
	My problem is that due to very small account, it makes me hesitate pulling the trigger, a few false moves could wipe out my account very quickly... I like the dax because of it's volatility and quick moves

Try trading the Dow Jones Euro Stoxx 50 (FESX) then. The margin requirement is usually about a forth of DAX and the tick and point size is smaller, so it's easier to manage your position size. The FDAX follows the FESX anyway (the reason they have the same volatility percentage-wise) and FESX moves are a lot smoother (since it's a lot more liquid).