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Mini FDAX - FDXM from Eurex
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Mini FDAX - FDXM from Eurex

  #91 (permalink)
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podski View Post
I hope that this means that the contract is a commercial success and that they will keep it.

I expect it will, not least because it is potentially so much more accessible to retail traders - it might even increase overall trading of the futures (like SP vs ES, although on a much smaller scale).

I have started trading the Ger30 CFD via Ninjatrader Brokerage, who use FXCM in London for European clients, giving access to the CFDs (not available to Americans, I think ?) : so far I am pleasantly surprised as it appears to have tighter spreads and more tradability than FDXM & definitely more tradable than FDAX as it's not so "jumpy".

Just one trade this morning (having missed a great set-up off the LO) :

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  #92 (permalink)
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watch for the ZEW number at 11:00 ...

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  #93 (permalink)
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Scalpguy View Post
What comes to purpose of the FXDM I see it clear: They are for low capital traders (often retail) so I see a great success for the FXDM in future.


It takes courage to be a Pig
Go With The Flow !
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  #94 (permalink)
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podski View Post
watch for the ZEW number at 11:00 ...

Tks, podski - np, I was on it, but no reaction (yet)... time to walk the dog on a sunny winter's day

My goals are very modest these days : I trade 2 or 3 hours only from 0900 CET & my goal is to average 1R / day.

Today was 1.73R with almost zero heat, so I'm a happy guy.

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  #95 (permalink)
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Futures Edge on FIO

Which products do you trade?

 

jtrade View Post
Tks, podski - np, I was on it, but no reaction (yet)... time to walk the dog on a sunny winter's day

My goals are very modest these days : I trade 2 or 3 hours only from 0900 CET & my goal is to average 1R / day.

Today was 1.73R with almost zero heat, so I'm a happy guy.

Whats your volume ignored initial point risk per trade or if you do not have one what is the average realized then ?

It takes courage to be a Pig
Go With The Flow !
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  #96 (permalink)
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Scalpguy View Post
Whats your volume ignored initial point risk per trade or if you do not have one what is the average realized then ?

Hello, Helsinki

I'm about to cook supper for the family, so I'm not grasping "volume ignored initial point risk" !?

You mean what is 1R ? If so, my initial live entry is 200 lots, which via Ninja FXCM is 10c / lot (unlike IB, where 1 lot = EUR 1). I divide into 4 x 50 lot units, each of EUR 5 / pip, so with a 12 pip initial stop on 8 pip range bar, assume 14 pip loss if hit, 1R = EUR 280. I have not yet had more than 2 pips spread/slippage, usually 1.

Let me know if I'm missing your point.

Btw, whilst being happy to average 1R each morning, my goal is to make at least 3R to achieve this. This morning, I had missed the "trade of the morning" and my time was up, so I took that walk (as I do pretty much every day).

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  #97 (permalink)
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jtrade View Post
Hello, Helsinki
I'm about to cook supper for the family, so I'm not grasping "volume ignored initial point risk" !?
...

Often when I ask this from traders they will tell me they will risk for example 30 points but this is not the 30 points in the price movement. It is a price movement points * contracts. So this is why I ask them to tell me the "volume ignored" version. For me it's a bit irrelevant to know the size of the trader. If the system impements scaling in/out then of course the ratios I am interested in. Also like to think everything in the R(isk) and it's multiples. System independed way to evaluate the quality of the system. So I understand your +1R daily goal very well

So is your Risk 8 ticks or 14 ticks (1 tick = 1 dax point) meaning your target is to achieve 8 points or 14 points per day (average) ?

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Go With The Flow !
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  #98 (permalink)
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Scalpguy View Post
So is your Risk 8 ticks or 14 ticks (1 tick = 1 dax point) meaning your target is to achieve 8 points or 14 points per day (average) ?

14 pips (pips, not ticks, because CFDs are traded in the cash FX world).

My goal is to average 1R / day, which means positive days need to be more.

A typical weekly distribution (any market) might be 1R / 3R / 2R / (3R) max loss hit / 2R, which when you average it out nets down to 1R / day.

As we all know, there are a 1,000 ways to screw up a week or month filled with many fabulous trades....

... but as the saying goes, "You don't have to make a lot, to make a lot (but you do need to trade size)".

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  #99 (permalink)
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jtrade View Post
14 pips (pips, not ticks, because CFDs are traded in the cash FX world).

My goal is to average 1R / day, which means positive days need to be more.

A typical weekly distribution (any market) might be 1R / 3R / 2R / (3R) max loss hit / 2R, which when you average it out nets down to 1R / day.

As we all know, there are a 1,000 ways to screw up a week or month filled with many fabulous trades....

... but as the saying goes, "You don't have to make a lot, to make a lot (but you do need to trade size)".

Thanks Pal. Yes cash plays in pips. Im a futures guy

Dax daily tradeable swings are easily over 500 ticks so your goal is indeed very reasonable

It takes courage to be a Pig
Go With The Flow !
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Scalpguy View Post
Dax daily tradeable swings are easily over 500 ticks so your goal is indeed very reasonable :

You find the entire daily range tradeable ?

I'd be interested to see one of your (traded) 5 second FDAX charts, if you care to post one - & is your daily goal still 2R (10 points), or so ?

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