Question regarding S/R on Spot and Futures Instrument

April 4th, 2019, 04:39 AM

Hey there!
So I've been paper trading the Mini DAX on TradingView for a while with real time data with my strategy. It's going okay. Still some improvements to do to reduce taking bad trades. I use the Range10 Chart for my entries and previous support/resistance zones for my exit. However, the DAX has made a new year high and the future contract that expires in June '19 doesn't have the price information in the coming price range. (Remember: I use previous future prices as s/r).

How would I now draw the new s/r zone? I could of course check the spot price history (DAX on XETRA) but future price and spot price have a difference in price. So it wouldn't be precise.

I attached a screenshot to show you an example

If it went south no, no problem. But if the trend continues to go up I can't spot the next resistance on that chart.

Any tips would be appreciated.

Thank you!

April 4th, 2019, 05:06 AM

To get this levels from the past, you have to use a continuous contract (with not backadjusted data).

For trading the FDXM, I always use the FDAX-chart and execute the FDXM on the DOM.

April 4th, 2019, 05:13 AM

tr8er

To get this levels from the past, you have to use a continuous contract (with not backadjusted data).

For trading the FDXM, I always use the FDAX-chart and execute the FDXM on the DOM.

Merci! This is exactly what I was looking for.

Question regarding S/R on Spot and Futures Instrument

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Question regarding S/R on Spot and Futures Instrument