Any DAX and/or STOXX traders here

[brownsfan019]

Seeing that I am trading at 7am EST with the EC, I've been taking a look at the DAX and STOXX Charts to give me another option or two to trade during the hours leading up to the US open.

Just wondering if anyone here is trading the DAX or STOXX futures contracts and your thoughts on these markets.

I'm not looking for strategies on how to trade them as I am simply going to do what I am currently doing, but just wondering if there's some idiosyncrasies I should be aware of.

Note to my buddy Pivot - you may want to look at these with your WRB analysis... Just an idea.

[The Bear]

No but let me know if you find out what the equivalent market internals are for the DAX that equte to the TICK & the TRIN.

I haven't been able to find them. Do they exist?

[brownsfan019]

No idea as I don't use Tick or Trin. Maybe someone else can chime in.

[momentom]

I've been trading the DAX for years. Its probably one of the hardest markets to master, but the most rewarding.

Its become two markets now: The european one from 8am German time until about noon. Then lots of U.S. players join and it gets more volatile with autotrading by computers changing its nature.

Can be a VERY whippy market but you can make 100 euro on a 1 lot in a blink if you are a scalper. Usually, trading in 5 lots works for scalping for me.

I paid a lot to learn this market and know many who could not get profitable before they quit.

Volume now is very good.

There is no tick or trin that i know of but I wouldn't use them anyway.

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

Hope this helps.

[brownsfan019]

Thanks momentom, I appreciate the info.

[notouch]

I've observed DJ STOXX 50 and "random walk" was the phrase that sprung to mind on an intraday basis although on a daily basis it trends nicely. Because the underlying stocks are such a wide variety, different factors can pull it one way or the other. On the positive side the volume is a lot higher than any US stock index future.

I've also traded the FTSE - mainly longer term swings and scalps off of UK economic data.

[torero]

I don't trade DAX yet, but am very interested. Unfortunately, TS is not very receptive with European markets. I may have to find another platform to observe for a while before even considering trading it. Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

[Blu-Ray]

	Quote:	torero
	I don't trade DAX yet, but am very interested. Unfortunately, TS is not very receptive with European markets. I may have to find another platform to observe for a while before even considering trading it. Any platform in Europe or US that is acceptable if not excellent for Eurex markets?

torero

You can now get Eurex data through Tradestation, however you can't trade via them yet, so it is possible to observe it. I'm also waiting for the FTSE data to be released on TS, as I'm based in England , daytrading DAX and FTSE in the morning really appeals.

As Brownsfan says he's up trading at 7am, it's hard work for me having to have a nice lie in til 10-11 before the US start of 2.30pm.

[BlowFish]

What momentom said, I's second all of that. I prefer to trade it in the am when it is doing its own thing. Sometimes in the pm it diverges a bit from the US but depending on your timeframe it tends to get yanked around by the US indexes.

Dax is 12.5 euro a tick and there are two ticks to a point. I have seen it move 20 points in a heartbeat. Volatility can go to the other extreme also. So basicaly it is a high value, extreme moving market so lots of oportunity but of course more potential risk also. You dont realy get a feel for the speed it can take off at unless you are waching it live. I would say its ER2 on steroids.

Sometimes despite the volatilty it moves with breathtaking 'order' other times it looks like someone has thrown a handful of random bars at the chart. (Dosen't everythig?).

I think an experienced trader could do very well once they learnt its character.

Cheers,
Nick.

As it happens, John Carter (Trade the Markets) will be doing a online webinar with live trading on the DAX and EuroStoxx. You can register for the event here: Infinity Brokerage Services

He'll be trading on the Infinity AT, you can try a real-time demo to use in parallel to the seminar.