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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #2331 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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@xelaar
very true concerning volume and risk with low volumes.
(my patterns only work when volume is there - so IB 30min <5k is a risky day).
I hope that the Dax Mini will attract more traders - thus volumes can rise...

As for CFD's I am not happy (on IB) with the trading times - especially starting
on official cash hour 09:00 while the future is already trading one hour. Even more
strange is that the after cash hours are traded...
The worst change IB made on CFD for Dax - that it is since half a year having a new
overnight (double) margin. Which is making it for me untradeble for swing trading.

GFIs1

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  #2332 (permalink)
Market Wizard
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A look at Dax Mini Margins with IB

Here the actual needs for margins of the first and the consecutive contract of Dax Mini with IB
for trading hours and overnight:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


GFIs1

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  #2333 (permalink)
Market Wizard
Germany
 
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xelaar View Post
Even large one is relatively illiquid and slippage is sometimes severe.

Fully agree.


xelaar View Post
I get better execution on CFD believe it or not.

Would be glad if you're the lucky one
As posted earlier, I also use CFDs from time to time. In the past I duplicated trades of the FDAX vs. CFDs (GER30 and GERF30 as well).
Result: On average the original FDAX saved me about 48€ per round-trip per contract/25 CFDs.


xelaar View Post
All mini would do is to steal some volume from the large one and both will be more illiquid

Disagree, e.g. because of the effects that minis have in the US. Since the introduction of ES, YM, NQ etc. volume for the respective asset classes
has multiplied vs the time when only the full contracts were traded. And this comparison still holds if you consider the massive decline of trading
volume during the last year(s).

So I rather expect a decline on the CFD side which results in market adjustments and wider spreads. Both effects can already be seen since some
CFD dealers inform(ed) their customers about joining up their businesses with other CFD dealers and/or about widening their spreads.

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  #2334 (permalink)
Market Wizard
Switzerland
 
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Friday trade

Dax long 9:30 to 16:30

entry @ 10833
exit @ 10803 (SL)
result -30 points

IB vol 5K - low

GFIs1


Last edited by GFIs1; October 30th, 2015 at 06:12 AM.
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  #2335 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
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choke35 View Post
Fully agree.



Would be glad if you're the lucky one
As posted earlier, I also use CFDs from time to time. In the past I duplicated trades of the FDAX vs. CFDs (GER30 and GERF30 as well).
Result: On average the original FDAX saved me about 48€ per round-trip per contract/25 CFDs.



Disagree, e.g. because of the effects that minis have in the US. Since the introduction of ES, YM, NQ etc. volume for the respective asset classes
has multiplied vs the time when only the full contracts were traded. And this comparison still holds if you consider the massive decline of trading
volume during the last year(s).

So I rather expect a decline on the CFD side which results in market adjustments and wider spreads. Both effects can already be seen since some
CFD dealers inform(ed) their customers about joining up their businesses with other CFD dealers and/or about widening their spreads.



One CFD provider is different from another one. I have 0.8 point spread 90% of the time and certainly during EU cash open hours bar few spikes, while FDAX has spread about 1.0 point and lately 1.5 point being the norm. Slippage is about 0.2-0.7 point, while FDAX about 0.5-1.0 bar violent conditions. Everything is rounding up to next tick. Problem with CFD is being executed by bid/ask, not by last trade price. So stops getting hit on momentary spread jump, for short term trading it is possible to use soft stop or just give a bit more and manually close. But definitely it is not a solution if you plan to trade over equivalent of 3-5 contracts of FDAX. But then you should not have position sizing problem in FDAX too, and this is a primary advantage of CFDs.

With regards to ES, I think it is a different situation because fat contracts were trading in pit and ES was an electronic 23h globex contract from the beginning. Conditions were quite different.

Trade to live. Not live to trade.
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  #2336 (permalink)
The Narrow Road
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Will the FDXM be a success or not

This is a deep thought for a Friday ... especially from me after such a long absence ...

But ...


Time will tell !!!


regards

p

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  #2337 (permalink)
Market Wizard
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podski View Post
This is a deep thought for a Friday ... especially from me after such a long absence ...
regards

p


Welcome back - and good trades!

GFIs1

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  #2338 (permalink)
Elite Member
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podski View Post
This is a deep thought for a Friday ... especially from me after such a long absence ...

But ...


Time will tell !!!


regards

p

Hey good to see you buddy

Trade to live. Not live to trade.
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  #2339 (permalink)
Market Wizard
Bamberg, Germany
 
Futures Experience: Beginner
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GFIs1 View Post
As for CFD's I am not happy (on IB) with the trading times - especially starting
on official cash hour 09:00 while the future is already trading one hour. Even more
strange is that the after cash hours are traded...

@GFIs1, this is also my biggest complaint with the IB DAX CFD because you can miss out on overnight momentum trades or gap situations since at 0900 the DAX is often pulling back.

JohnS

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  #2340 (permalink)
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JohnS View Post
@GFIs1, this is also my biggest complaint with the IB DAX CFD because you can miss out on overnight momentum trades or gap situations since at 0900 the DAX is often pulling back.

JohnS


Lmax.com
Ikonfinance.com

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