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European index most suited to tape reading
Started:June 29th, 2016 (10:18 PM) by CrimsonMacaw Views / Replies:654 / 12
Last Reply:November 11th, 2016 (08:20 AM) Attachments:0

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European index most suited to tape reading

Old June 29th, 2016, 10:18 PM   #1 (permalink)
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European index most suited to tape reading

Could anyone here who trades any of the European indices tell me which one has the most volume and liquidity - making it the best option for DOM reading/tape reading?

I know that volume and liquidity are not essentials for making a certain future more appropriate for a tape reading/DOM reading trading methodology, but from what I've gained from FT71's and Peter Davies's material, they do help.

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Old June 29th, 2016, 10:18 PM   #2 (permalink)
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Old June 29th, 2016, 11:21 PM   #3 (permalink)
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Euro Stoxx 50 (FESX) for Euro time zone.

If you are interested in something you can trade through the Aussie day, look at the mini-nikkei on Osaka Exchange.

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Old June 30th, 2016, 05:50 AM   #4 (permalink)
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Are there any other European indices that would be suitable for spread trading the Euro Stoxx 50 against?

It's just that I've heard that doing inter-market spreads is a lot safer and rewarding than doing intra-market spreads.

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Old June 30th, 2016, 06:15 AM   #5 (permalink)
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Depends on the level of activity/boredom threshold.

DAX - mad scientist/ritalin addict
Bund - decent paced market, not too frenetic
EuroStoxx 50 - Quite slow, so not suitable for those wanting constant activity

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Old September 25th, 2016, 10:11 PM   #6 (permalink)
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I've found the Bund (FGBL), to be really the most easy to read in terms of order flow. Iceberg orders are easily identified, the market is technical as well.

The Stoxx (FESX), has really changed into something else lately.... Trading very similar to that of the 10yr Treasury Notes (ZN). Very tight range for the most part, and then a sudden move in one direction (usually new driven) with very little chance of entry. Tough trade.

DAX (FDAX) is basically Crude in terms of order flow. You probably better off using a footprint chart to trade that.

Check out some of my trading videos for a better idea of the order flow in the Bunds.

You will not see a better example of spoofing any where else.....

Cheers!

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Old October 10th, 2016, 03:09 PM   #7 (permalink)
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Great video-thanks for posting!
If there is so much spoofing in the bund would you say that a visual program like bookmap is not as useful as it is in other markets i.e. the dax?

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Old October 26th, 2016, 08:40 AM   #8 (permalink)
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Check out some of my trading videos for a better idea of the order flow in the Bunds.

You will not see a better example of spoofing any where else.....

hi @KelvinKing

thanks for posting, how often do you see this type of price action/spoofing in the bund?

rgds

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Old October 26th, 2016, 09:09 AM   #9 (permalink)
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Keab View Post
Great video-thanks for posting!
If there is so much spoofing in the bund would you say that a visual program like bookmap is not as useful as it is in other markets i.e. the dax?

Hi Keab,

I don't use bookmap, so I'm not very familiar with what it can and cannot do.... sorry... But I think reading the DOM is all you really need to trade order flow.... I think all these fancy charts like footprints and bookmap, distract you from what's really happening...

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Old October 26th, 2016, 09:11 AM   #10 (permalink)
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DaxyMcDaxFace View Post
hi @KelvinKing

thanks for posting, how often do you see this type of price action/spoofing in the bund?

rgds

Hi Daxy,

Yes it does happen, especially around support or resistance levels. Also breakout levels. Basically it's how the institutions get their large orders filled....

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