firewalker99
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grantx said:
Yes that's correct. Cash market closes at 1630 GMT, but futures trade till 2100.
firewalker99
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logit said:
If you're new to DAX I also suggest you put a DOW chart next to DAX in the US Open session as you will notice both markets can show some correlation during that timeframe.
Expanding on Firewalkers suggestion, try 2-minute bar charts for DOW cash and DAX future - excellent correlation. Also use a simple moving average (30 period) on each for general support and resistance, and as a good short-term trend indicator.
98% of the time, the DAX lags by a few seconds. However, beware of whip-saw - minor fluctuations on the DOW can be magnified on DAX. One idea may be to also monitor the DJ Euro Stoxx future at the same time to see whether trading direction is more broadly supported.
See attached file.
As an aside: almost 2 million (1,995,752) Stoxx futures traded Friday; 313,497 DAX futures.
Grant.
98% of the time, the DAX lags by a few seconds. However, beware of whip-saw - minor fluctuations on the DOW can be magnified on DAX. One idea may be to also monitor the DJ Euro Stoxx future at the same time to see whether trading direction is more broadly supported.
See attached file.
As an aside: almost 2 million (1,995,752) Stoxx futures traded Friday; 313,497 DAX futures.
Grant.
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firewalker99
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grantx said:
That's true, the DAX can have sudden spikes or shake-outs... watch out for those!
:-0
DAX futures trade 08:00 - 22:00 CET regardless of what some dodgy bros site claims.
marketwizard123
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Just taken a nice short on the DAX today. Dax less volatile than ftse on the whole tho a similar trading experience! Free chart here: http://www.stock-trkr.co.uk/indices/dax_live_chart
