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Been trading the DAX in sim for the past 6 months...
Currently tightening a few trading rules in the hope of going live within the next couple of months.
As volatile as the DAX is, it can be tamed with the right approach and the adequate back testing to prove it.
Range chart has proven to be my favourite picture to use.
I agree with you on the range charts cowjuice its my favourite too for the Dax and of course price action is king, indicators confirm
but the price action comes first.
Whats everyone else using to trade it with ?
Also does anyone know of a live Dax trading room thats any good ?
Just type "Dax" in the search box on top of any futures.io (formerly BMT) page and you will find a lot of long and updated threads about
FDAX or DAX - with many discussions about actual price behaviour and you can follow long journeys of members
here with this instrument.
Hey Cowjuice. Glad to hear. So what is your trading methodology?
I primarily use trendlines on candle and tick charts corresponding with major areas of support and resistance found on longer time frames (i.e. yesterday's price action or 60min chart/ Daily Chart).
I find the 10 tick chart to be absolutely amazing for foretelling breakouts that are about to occur. Incredible how the bunching of the ticks in tight consolidation at major points almost always proceeds major movement.
Do you agree that the DAX makes a lot of vilent movements in the day??
I've been told that DAX is for "risky business" as usually stop- losses are filled and the market then moves the other way and if you dont put a stop loss you have to keep your eyes on the monitor to be ready to close the position (margins are high so leaving a position open is risky and needs liquidity )
Really dont know how news regarding the Euro crisis affect the index . Dont know if it a good idea to trade the DAX these days .
Does any methodology work with all the bad -good -ambiguous news on the future of the euro that are spread left and right??
Aren't you afraid that any possible gains might be offset on the FX conversion??
Do you agree that the DAX makes a lot of vilent movements in the day??
I totally agree, and i love it!
I've been told that DAX is for "risky business" as usually stop- losses are filled and the market then moves the other way and if you dont put a stop loss you have to keep your eyes on the monitor to be ready to close the position (margins are high so leaving a position open is risky and needs liquidity )
i always trade with a stop loss
- as usually stop- losses are filled and the market then moves the other way-
thats what im looking for
Really dont know how news regarding the Euro crisis affect the index . Dont know if it a good idea to trade the DAX these days .
sometimes they do, sometimes not. watch chart and you know. for sure not if you are a beginner, and not only these days
Does any methodology work with all the bad -good -ambiguous news on the future of the euro that are spread left and right??
for sure everything is connected in a certain way, but i trade the dax not the euro. watch last answer
for sure theres a lot of methods to trade the dax that work, find one (better a few) and trade it (them).
Aren't you afraid that any possible gains might be offset on the FX conversion??