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Question regarding S/R on Spot and Futures Instrument


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  #1 (permalink)
Phlong1337
Frankfurt, Germany
 
Posts: 3 since Nov 2018
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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!


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  #3 (permalink)
 tr8er 
Europe
Legendary Market Wizard
 
Experience: Advanced
Platform: SierraChart, BookMap
Trading: ES, CL, 6E, 6B
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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.


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  #4 (permalink)
Phlong1337
Frankfurt, Germany
 
Posts: 3 since Nov 2018
Thanks Given: 2
Thanks Received: 0


tr8er View Post
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.


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Last Updated on April 4, 2019


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