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CanOz's intermittent and sporadic trades

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Re: Scalping the DAX (SIM)

What a f***ing crappy start to the day....i was doing well...the wife comes home sick...i get her squared away and sit down to see the dax drop and hit 6150, i go long....then i'm thinking what the heck kind of fill is that...then i realized i've gone short...:banghead::banghead:

Even though its the sim, just f***s up the whole day.:mad:

CanOz
 
Re: Scalping the DAX (SIM)

CanOz said:
Even though its the sim, just f***s up the whole day.:mad:
Click to expand...

I wish I could get back my F up today. Nearly full size some how double clicked the dom!! into a sweep. NOT on sim :( :bunny:

TT is a load of crap!!

:pc:
 
Re: Scalping the DAX (SIM)

Trembling Hand said:
I wish I could get back my F up today. Nearly full size some how double clicked the dom!! into a sweep. NOT on sim :( :bunny:

TT is a load of crap!!

:pc:
Click to expand...

Ouch:frown:...I would have to smash something!
 
Re: Scalping the DAX (SIM)

I've seen this setup a few times on the Dax, but only today did i try and trade it...

You can see this on the order book better in my view...but the volume profile shows it nicely. During the first hour of the DAX, which is like a pre-open where the market is quite thin...there are sometimes areas where there were fewer trades and the market bolted through it.

These thin areas can give a nice pop if you can get it in before the market gets to it. Today the offers were heavy and keep pushing the market towards this 'cliff'. I managed to get short at 6305 or so, it bounced a couple of times and then plunged through it...as usual i took profits too quickly and should have been a little more patient:frown:....anyway it was a very quick few points...It almost always reverses back up through too...but i didn't try that.

Cheers,


CanOz
 

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Re: Scalping the DAX (SIM)

Learning to incorporate Volume Profile and the GOM-MP package into my trading. This is in attempt to define levels more clearly and get into lower frequency trades that have a higher R/R potential.

Lots of info around about Market & Volume Profile.

Cheers,


CanOz
 

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Re: Scalping the DAX (SIM)

This is the kind of trade I'm looking for. I need to keep out of the chop, and try to be patient enough to let these opportunities develop. 1500 EUR on one contract.

CanOz
 

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Re: Scalping the DAX (SIM)

Can, are you still trading dax? I am dabbling with sim on it. Seems fairly technical in nature (German engineering heritage i guess) but it can have nasty retracements within same 1 min bar. Using tight stops of 4-5 ticks feels very hard. Have you had any success and what sort of stops have you been using? I find quiet days/lunch easier to trade than hi vol stuff because of exactly those tight stops. Not game to open them up yet... (well, it's sim but still trying to keep it real...) Who else is trading dax?
 
Re: Scalping the DAX (SIM)

avion said:
Can, are you still trading dax? I am dabbling with sim on it. Seems fairly technical in nature (German engineering heritage i guess) but it can have nasty retracements within same 1 min bar. Using tight stops of 4-5 ticks feels very hard. Have you had any success and what sort of stops have you been using? I find quiet days/lunch easier to trade than hi vol stuff because of exactly those tight stops. Not game to open them up yet... (well, it's sim but still trying to keep it real...) Who else is trading dax?
Click to expand...

I trade it.
Only the first 1-3 hrs.

I've found the easiest way to trade it is to hop on momentum.
If you've watched this enough you'll know that when it goes it goes!!!
Long or short.

If it doesn't go immediately in my direction Ill sell at the first sign of weakness
If it moves 20 ticks ill give it more room.
Ill start with a 1 min chart and spread to a 3 then 9 min.
I use VSA (My own version after 15 yrs of studying Volume and Range and pattern.
Will often close at B/E.

Trick is to ONLY TRADE those that scream--trade me---comes with time at the screen.
 
Re: Scalping the DAX (SIM)

Thanks Tech. Do you watch other indexes that may affect it? Like ESTX50, CAC40 and when the US opens later? Any others? I understand you trade FTSE too?
 
Re: Scalping the DAX (SIM)

avion said:
Thanks Tech. Do you watch other indexes that may affect it? Like ESTX50, CAC40 and when the US opens later? Any others? I understand you trade FTSE too?
Click to expand...

Used to trade FTSE.
E signal changed Codes and costs so didn't bother.
No to the other questions.
I start really early 5.30 am I'm up so I'm dead to the world by the time the US opens.

Ill only trade the DAX If I see it forming a very clear tradable pattern.
Often only a few times a week.
 
Re: Scalping the DAX (SIM)

Interesting discussion on this major indices.

I never thought of looking at the DAX after doing a few trades on sp200 and then decided the liquidity and volatility is not there at anytime plus horrendous spread after Aussie business hours. I am basically a very short term Fiber/Cable trader(not a scalper) on the London open but recently I was observing and placing a few small time trades on Dax and it sure feels like the Fiber but more volatile!

Those who trades Dax a lot I just want to know if there are much correlations to the Fiber and the news events from the minor to major news? Do you look at Fiber/Cable at all when you are looking for your trade setups on the Dax?
 
Re: Scalping the DAX (SIM)

Have traded it with CFD's but with this index in particular sim is the best option until you can see consistent.
Over time I'm starting to see patterns .... then Friday night I managed to think in front of some good moves.
Waiting for around 40-50% consistency over a few months before the the real money gets used.
Huge potential trading this index hours are great as it leaves my day free.
 

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Re: Trading the DAX (Live)

I started this thread a long time ago, May 2012. Since that time i really fell for the Dax. I've spent thousands of hours in front of the Depth of Market and a few charts trying to figure out how to consistently pull a living out of this market, as well as a few others. I've not traded the whole time as i took breaks for career assignments for roughly half the time. The other half i played with the Bund, the Eurostoxx, a little Crude Oil, the Xina50 and the HSI/HHI. Generally i like the direct feedback a fast market can give, it suits my personality.

In August this year, with my wife's blessing again, i start to trade the Dax more exclusively. I was flat to slightly up in my other accounts but i had started to experience profitable weeks, even a profitable month. I knew i was making progress. So i started trading my AMP account exclusively on the Dax. I didn't have allot of success at first and the frustration led (as TH says) to over-trading and a large draw-down. During that time i knew i had one particular play that i could always count on. My directional sense of the market was good, but i just couldn't get in and hang on long enough.

After the worst day, i took a week off trading and just contemplated my next steps. I put together a plan on how i was going to refine my little momentum play. I spent time developing a preparation checklist to help me make sure i had enough information to form the bias and put things into context each day. I re-played days that my play showed up the most, trend days. I replayed Range days and looked for new plays to put in my book. As i started trading again, i was more patient in waiting for the right opportunities. I researched back to see how the other markets were trading on my successful trades/days. I wanted to know how to do more of what worked and get rid of the random stuff that wasn't working. I found different little spins on the same sort of play that i could use. Now let me be clear, there's no secret sauce here, just a way of getting in on, as well as staying in on, my directional bias that suits my tolerance for risk. My bias is flexible too, i need to be able to flip if its clear that things have changed, but i still need work on this.

My winning days increased and my equity increased slowly, then i had a larger winning day, a 3/4 daily stop, then my account was again at an equity high.

Its still not enough, i need to improve on what I've done in order to prevent the harsh draw-downs and over-trading. So from now until the new year I'm going through all my trades again. I'm also improving on my record keeping, with a more complete database and journal. I also need to be confident on rotational days enough to flip bias and trade the other way.

My goal is still to get a track record together in the next 12-18 months. Its either this or its back to work.

I'm not that articulate when it comes to explaining this so likely the significance of this to me may not resonate with some. The results i experienced, while still really incomplete, were realized very quickly and it was by far my biggest break through in my lone journey.

To really make the next big breakthrough, half a year to a year of solid results, I'll need to be working at this harder. At the moment I'm putting several hours of prep, trading for only two hours, then a little bit of postmortem. I need to be doing more preparation, sitting through more of the open, more of the post lunch period looking for opportunities and keeping better records. I'll need 8-10 hours each day for this. Right now, with my little one, its just not possible. Also, once i see my consistency is there in the results, i need to add some size.

These are live trading results, I'm happy to submit statements.

Cheers,


CanOz
 

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Re: Scalping the DAX (SIM)

Now I know who was on the winning side of my losing trades this quarter!
A begrudging congratulations to you Canoz on having acquired some skill in taming that daemonic son of a bourse!
 

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