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Any FDAX traders here?
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Any FDAX traders here?

  #101 (permalink)
Elite Member
Melbourne/Australia
 
Futures Experience: Advanced
Platform: MOSL. international broker
Favorite Futures: Futures, Stocks.
 
Posts: 40 since Oct 2011
Thanks: 28 given, 19 received


crossover View Post
@ lawrencejude

Sorry for the late responce, i had to go working

Concerning your capital i would suggest asking how mutch your broker is asking for margin.

It really depends on the broker what the margin is

personally i would not trade under a capital of 15.000,00$ , even for 1 contract.

Liquid markets are cl, tf and others. But even es is tradeble. However its volume , since beginning 2015 is far less then

the 1,8 million it had before.

a good trading system and trading management is needed for all trading.

Succes with it .

yes I do understand and that is I agree with you. but on Ninjatrader brokerage the requiremnt is as follows

Product code FDAX Dax Futures
Product Initial margin (€) = 22313
Maint. margin = 0
Intraday margin ($) = 2500

So based in this info I need 22313 euros to open a position ?
just trying to understand.

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  #102 (permalink)
Elite Member
Melbourne/Australia
 
Futures Experience: Advanced
Platform: MOSL. international broker
Favorite Futures: Futures, Stocks.
 
Posts: 40 since Oct 2011
Thanks: 28 given, 19 received

I am trying to achive as follows

@Bosch777
@US Bond Trader
@crossover

I am trying to add a few instruments that I can trade around london open. I am in Australia and that is the time i can trade. In the long run i want to be a portfolio trader/ invester.

My setup is trading intrady for now so i can learn as much as possible. I do not scalpe the markert.
I have a 50000 and 5000 volume chart. I look at the daily chart and then try to see what the market will do today.
Depening on the instrument. I have tick charts ranging from 55t to 2000t i compress the chart as much as possible and watch the price action at key levels.

I try to trade the setups form larger time frame, but enter the trades in small time frame. I am trying to incorporate the princile that i read for the book. Making money in the Forex, written by Ryan O'keefe. It is one of the best books I have read. Chjapter 2 talks about Principles of a Bargain Hunter. in this way i can get out of wrong trade with mim loss.

when i trade american market at that time its like watching paint dry. too slow for anything. I prefer more volatile markets. I can think and work fast so reacting to markets is not my weekness. I do not overtrade, My self control is good. touch wood. i prefer contracts that have a atr of 80 - 100 ticks a day.

Soon I am plaining to start a thread, where I want particepents to contribute on how they look at things, that wont be a how to trade thread, it will be a brain storming thread for price action trading and see what everyine is doning. that way I believe is, we can learn from each others ideas. I know we cannot copy people and I do not intend to.

what i want is that thread to have soo many ways of looking at market and understanding it.
what do u guys think.


Last edited by Lawrencejude; March 19th, 2015 at 07:01 PM. Reason: spell errors
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  #103 (permalink)
Elite Member
Melbourne/Australia
 
Futures Experience: Advanced
Platform: MOSL. international broker
Favorite Futures: Futures, Stocks.
 
Posts: 40 since Oct 2011
Thanks: 28 given, 19 received

the margin puzzle


form what i understand

The initial and maintenance margin levels sent by the commodity exchanges apply to positions held overnight. The day trading margin applies to positions closed out before the end of the daily session

is this correct ?

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  #104 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,613 since Feb 2013
Thanks: 4,830 given, 6,374 received
Forum Reputation: Legendary

Eurex margin calculator


Lawrencejude View Post
form what i understand

The initial and maintenance margin levels sent by the commodity exchanges apply to positions held overnight. The day trading margin applies to positions closed out before the end of the daily session

is this correct ?

Attached you find the link for the Eurex Margin Calculator:
Eurex - Eurex MarginCalculators

It calculates the answers to all of your previous questions - also for all other Eurex products.
Broker requirements regularly* won't differ much from Eurex.

Besides you can test some (simple) scenarios what happens to your margin requirements
when volatility changes.

Good trades.

* As you can guess, there are some exceptions (just like with the E-minis). Some brokers only demand fractions of Eurex margins
for the account - an invitation to risk; others have very thin volume in these products and rather act prohibitively. You choose ...


Last edited by choke35; March 20th, 2015 at 05:17 AM. Reason: Remark with *
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  #105 (permalink)
Trading Apprentice
london, uk
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: dax
 
Posts: 14 since May 2015
Thanks: 0 given, 3 received

FESX and FDAX are the two most liquid indices in Europe. Although the FDAX spread may often be a couple of ticks wide, it moves hundreds of ticks in a day and the contract is large. Slippage should not be a problem for a small trader, unless you are trying to scalp for a couple of points.

On average my slippage is 1 tick (0.5 points) for small market orders on the FDAX.

Overnight margin - yes you will need 23,000 or so per contract + whatever extra cushion your broker might require. Intra day margin may be less, depends on the broker. But anything much less than that is under capitalised.


Lawrencejude View Post
@crossover

sorry to bug you with Questions.

I Am in Australia and I can trade London Time.
So for your experience what are the most liquid contracts I can trade

So far I am looking at
FTSE
FESX
Euro
GBP
FDAX

I like the action on FDAX but too little volume. what else do u trade or look and what do u recommend


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  #106 (permalink)
Elite Member
Belgium
 
Futures Experience: Intermediate
Platform: ninja
 
Posts: 142 since Jun 2009
Thanks: 297 given, 277 received

@lawrencejude

Hi,

I dont trade the FTSE or the FESX.

What, in your list, i trade are the euro ( 6E ) and the 6B (GPB )

The DAX is very fast but spread is too high for me ( personal ) , you can gain good but loosing is also a good option
I trade also the ES ( you can make good trades around and just before lonen time, the CL and gold GC, all in Londen time.

You have a bit to see for yourself what's best for you

Here is a screenshot of the spraed in the dax, personaly i would not trade that!!

All the best and be carefull










piebald View Post
FESX and FDAX are the two most liquid indices in Europe. Although the FDAX spread may often be a couple of ticks wide, it moves hundreds of ticks in a day and the contract is large. Slippage should not be a problem for a small trader, unless you are trying to scalp for a couple of points.

On average my slippage is 1 tick (0.5 points) for small market orders on the FDAX.

Overnight margin - yes you will need 23,000 or so per contract + whatever extra cushion your broker might require. Intra day margin may be less, depends on the broker. But anything much less than that is under capitalised.


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  #107 (permalink)
Trading Apprentice
london, uk
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: dax
 
Posts: 14 since May 2015
Thanks: 0 given, 3 received

What's your style of trading?


crossover View Post
Hi,

I dont trade the FTSE or the FESX.

What, in your list, i trade are the euro ( 6E ) and the 6B (GPB )

The DAX is very fast but spread is too high for me ( personal ) , you can gain good but loosing is also a good option
I trade also the ES ( you can make good trades around and just before lonen time, the CL and gold GC, all in Londen time.

You have a bit to see for yourself what's best for you

Here is a screenshot of the spraed in the dax, personaly i would not trade that!!

All the best and be carefull


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  #108 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NTB / Continuum
Favorite Futures: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 507 given, 1,625 received


Lawrencejude View Post
yes I do understand and that is I agree with you. but on Ninjatrader brokerage the requiremnt is as follows

Product code FDAX Dax Futures
Product Initial margin (€) = 22313
Maint. margin = 0
Intraday margin ($) = 2500

So based in this info I need 22313 euros to open a position ?
just trying to understand.

No. You just need 2500$ to open a position.

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  #109 (permalink)
Elite Member
Belgium
 
Futures Experience: Intermediate
Platform: ninja
 
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piebald View Post
What's your style of trading?

I am a scalper, depending the future i take between 4 and 10 ticks per trade.

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  #110 (permalink)
Trading Apprentice
london, uk
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: dax
 
Posts: 14 since May 2015
Thanks: 0 given, 3 received


I usually only trade once or twice a day in the DAX and hold for most of the day, so bid-offer spread is less of a concern for me. My average PnL is 40-50 ticks.

I'm not very familiar with the scalping style - do you not enter on limit orders?
What's your hit rate? Are your wins and losses the same size?


crossover View Post
I am a scalper, depending the future i take between 4 and 10 ticks per trade.


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