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Any FDAX traders here?
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Any FDAX traders here?

  #31 (permalink)
Trading for Profit
Birmingham UK
 
Futures Experience: Intermediate
Platform: Meta + TradeInterceptor + FXCM
Favorite Futures: DAX ( GBPAUD if moving )
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


Bosch777 View Post
Yes I agree "some" would be a better choice of words. Its just that the fdax has a pretty unique and volatile movement in it that typically goes very well with the reversion type strategy I usually run on it. Im currently trying to find a way to head off those events where the fdax just takes off in a fairly straight line and doesn't even look back over its shoulder. If I could get that fixed Id be fine. Not sure if volume/tick analysis will be of use but will probably have to give it a go at least even just to eliminate it. All my entries are counter trend type which work great the vast majority of the time, until they dont...!!!.

Some charts as to how I trade it, and I try to post most of my trades live in my Journal.

" look for Somewhere to post my thoughts "

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  #32 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
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Turveyd View Post
It's not that Spikey generally so after 9am GMT so wouldn't worry about it to much.

Remember, Spikes can go in your favour, so they kinda balance each other out.

Hi Turyeyd,

thanks for that.

Yes you are right in that these spikes can be in your favour, provided you are on the right side of them but then we are really back to coin flipping. I am trying to come up with a method whereby I can avoid them in my strategy. Yes I do have a setup that will be on the right side lets say 50% of the time but if Im wrong then I need to be out quick.

My first port of call is to avoid them where possible. This morning for instance is a morning where reversion/scalping algos should be turned off for the fdax given all the spiky news coming out of Europe.

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  #33 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
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Bosch777 View Post
Hi Turyeyd,

thanks for that.

Yes you are right in that these spikes can be in your favour, provided you are on the right side of them but then we are really back to coin flipping. I am trying to come up with a method whereby I can avoid them in my strategy. Yes I do have a setup that will be on the right side lets say 50% of the time but if Im wrong then I need to be out quick.

My first port of call is to avoid them where possible. This morning for instance is a morning where reversion/scalping algos should be turned off for the fdax given all the spiky news coming out of Europe.

Hi
I am avoiding Tuesday and Thursday in my trading of the Dax. These are the least predictible days in a full week.
Then I am starting ONLY after 9:30 CET for every trade PLUS avoiding big news in the afternoon (mostly 14:30).

Just some input
GFIs1

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  #34 (permalink)
Trading for Profit
Birmingham UK
 
Futures Experience: Intermediate
Platform: Meta + TradeInterceptor + FXCM
Favorite Futures: DAX ( GBPAUD if moving )
 
Posts: 336 since May 2014
Thanks: 7 given, 64 received


Bosch777 View Post
Hi Turyeyd,

thanks for that.

Yes you are right in that these spikes can be in your favour, provided you are on the right side of them but then we are really back to coin flipping. I am trying to come up with a method whereby I can avoid them in my strategy. Yes I do have a setup that will be on the right side lets say 50% of the time but if Im wrong then I need to be out quick.

My first port of call is to avoid them where possible. This morning for instance is a morning where reversion/scalping algos should be turned off for the fdax given all the spiky news coming out of Europe.

Personally, I think you'll go nuts worrying about them too much, I've only had 1 spike which went 12pips beyond my 10pip SL recently and 1 spike go my way which made +34 so SL although sloppy and holding for the top manually to exit mean I'm up on spike slightly, so I ignore them.

Obviously I don't trade over news times, but news happens through out the day unexpectly.

Tuesdays and Thursdays are the best days to trade to my method, although I don't trade the start of a big move, I kinda trade the after chop with the direction, big fast moves scare me to much, too much of a gamble.

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  #35 (permalink)
Elite Member
Edinburgh, UK
 
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5s OHLC


Scalpguy View Post
I am trading from 5s OHLC bars and using 5 point initial stop losses. Depending of the type of the trading day scalping 2R or more.

FDAX if very efficient vehicle when traded "properly" (=trader knows well his/her system)

@Scalpguy

Would love to see some screenshots and a little about your system .....

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  #36 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
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Scalpguy View Post
I am trading from 5s OHLC bars and using 5 point initial stop losses. Depending of the type of the trading day scalping 2R or more.

FDAX if very efficient vehicle when traded "properly" (=trader knows well his/her system)

Any chance you might share a few screen shots with us to let us see your set up?

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  #37 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
Posts: 118 since Jul 2012
Thanks: 85 given, 48 received

Anyone here know of any other instrument that has FDAX like characteristics in terms of movement/volatility/price action?

Thanks..

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  #38 (permalink)
Elite Member
Brisbane, Queensland, Australia
 
Futures Experience: Advanced
Platform: NT8/JIGSAW
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
Favorite Futures: ZB/FGBL/GC/CL/HG/6J/6M/6B/FDAX/NQ
 
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Posts: 481 since Feb 2012
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Bosch777 View Post
Anyone here know of any other instrument that has FDAX like characteristics in terms of movement/volatility/price action?

Thanks..

GC, CL, HHI, HSI, HG, NQ, YM, TF....Similar in terms of thickness in the book as well...

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  #39 (permalink)
Trading for Fun
Västerås Sweden
 
Futures Experience: Intermediate
Platform: MarketDelta, TradeGuider
Broker/Data: TopStepTrader/Rhithmic
Favorite Futures: DAX, NQ, GC, QL
 
Posts: 148 since Sep 2014
Thanks: 59 given, 307 received

DAX + CFD + a good spreadsheet = very nice combination!

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  #40 (permalink)
Trading for Fun
Västerås Sweden
 
Futures Experience: Intermediate
Platform: MarketDelta, TradeGuider
Broker/Data: TopStepTrader/Rhithmic
Favorite Futures: DAX, NQ, GC, QL
 
Posts: 148 since Sep 2014
Thanks: 59 given, 307 received


On the topic of spikes and professionals - Another thing that is useful to know is that from 8-9 there is only futures trading. Actual shares in the cash market start to change hand at 09:00. At this point, bigger players start to act on the DAX stocks and things start to move more violently.

IMHO in order to trade the DAX successfully you need a setup + knowledge that allows you to read the order flow + supply & demand properly.

Only relying on TA can easily get you killed in the DAX.

I recommend to only use TA (MACD, RSI, etc) to try to see what the losers are likely thinking (in many cases it's the opposite of what you should be thinking) as they tend to rely on TA and the illusion of past price action predicting future price action instead of reading order flow and supply & demand.

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