It is incredible to see the volume(s) on the indizes when US markets (plus GB market) are closed:
On the DAX we have around 13:30 less than 20K Dax futures traded...
For a normal day a volume of 100 to 130K is previewed.
Conclusion: there are MORE traders from outside DAX related countries that trade the future.
Be aware of this misproportion and avoid days with very low volumes!
Hey, I've been subscribed to this journal for a few months and I can say with confidence that I believe you are consistent considering where you've started despite the draw-downs. Just out of curiosity, I was wondering if you trade for a living outside of the trades documented in this journal? (trading more volume and or trades per day?) I apologize if I haven't spotted where you've stated this in your journal or other threads you've had, I just find your journal to be very consistent day in and out compared to other journals on this forum.
Last edited by Itchymoku; May 30th, 2013 at 02:46 AM.
The following user says Thank You to Itchymoku for this post:
Thanks for following and your nice words - I am trading several approaches and discuss different instruments here.
But only trading the Dax as I find to have more experience with that one. I do trading when on my 1 trade per day basis only as previewed. So there is no stop moving or interfering with the exit time manually. It might be on several
days better to take profit earlier - but measured with screentime or with automatic execution the here discussed task
had been ok for me.
There are other approaches like the HiLo discussed in the other thread but this means higher margins (right now
20k EUR for one Dax future overnightwith IB) and of course this means higher risk too.
Both approaches are well together as the bigger picture influences always the intraday decisions.
The two systems are scalable so I am free to stack up ;-)
The following 3 users say Thank You to GFIs1 for this post:
..not much movement expected. There are numbers (US BIP 1st quarter) in the afternoon.
Tomorrow we have the last trading day of May plus a friday - which means high volume
and hopefully some volatility.
Looking for tomorrow
The following user says Thank You to GFIs1 for this post:
Yes, its a good battle spot, from here are EW patterns for much lower (c8075) or much higher (c8700.) The usual POMO suspects know it too, ES is currently in short extensions, they need it back over 48.50 and then 54.50 to defeat the short setups and force a consolidation before higher again. Otherwise under last weeks lows they lose for a while and maybe in style.
The following user says Thank You to ratfink for this post: