Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I'm trying to implement market profile into my FDAX trading and now I have a question to you guys.
Dax is trading from 1:15-22:05, cash 9:00-17:30 (CET).
Are you guys using full session or just cash?
Generally I prefer to stay just with cash session, because smaller range and there is some fundamental background for it, but "recently" volume on pre/post cash become bigger and bigger and this makes me thinking.
Examples, difference is big
Thank you
Can you help answer these questions from other members on NexusFi?
Since the beginning of my trading the DAX I just use cash hours.
Reasons:
• stable number of traders
• volumes medium to high
• volatility predictable
• not many influencing from strong indexes - except the US start in the afternoon
• after EOD 17:30 the volume is strongly decreasing
• volatility much higher - especially until 22:00
• no predictable patterns after 17:30
Preparing the day in advance is more important: are there gaps possible before opening cash hour? Are there important news, numbers, speeches during the day?
Can I see patterns of the weekday that are repeating?
Are there holidays during the week or right after the weekend?
I trade only cash hours, but I have the profile split in two or even 3:
A) DAX PIT SESSIION: 9-17.30
B) DAX OVERNIGHT but Pit Session open in US indexes: 17.30-22.10
C) overnight: 22.10-9.00 (of the next day)
in session B) DAX tend to follow US indexes in some way.
Most of the time I groups B and C.
