Mini Dow Traders

cd173

Active member
209 1
Morning

I'm considering having a gander on the $5 mini dow future. I'd be grateful if anyone could provide any wisdom as to it's liquidity, fills/slippage and general spread. I'm working on the DAX but would prefer something with a smaller contract size as I'm in the early stages.
Also, what time session should I be looking at? 1.30pm to 7pm our time?

Any help appreciated
Thanks
 

cd173

Active member
209 1
Hi Jonny T

Do you ever play the 2.30pm to 4ish session or are you busy on other things at that time?

Cheers
 

oatman

Senior member
2,879 22
Nice hours Jonny :cheesy:
 

cd173

Active member
209 1
cucuchris
That's our time, morning session in NY.

JonnyT
Sorry, didn't realise you also worked...do you not find it a bit heavy going some evenings after a hard day at the office!

Cheers
 

JonnyT

Senior member
2,560 22
Yes, I mostly autotrade these hours but also manually trade when I can and feel like doing do!

JonnyT
 

Indi

Member
50 12
Hi,
you should have no problem on liquidity between 2.30pm -9pm UK .
Spreads well 1 point is usually the case during above times,however you will find on days when news and important figures are out at 8.30 am (US) = 1.30pm UK you will also see volume pick up 1- 1.20 pm ish and spreads again will go to 1 point and quite often a large move can occur,but as skim would say,not for the faint hearted.
 

cd173

Active member
209 1
Thanks Indi

1 point spread sounds good. I think a 5min chart works best for me on the DOW with a 10 point stop as it whips around a bit. I've been getting around 3-4 good trades in the morning session.
Think I'll wait til 2.30pm before I start, as the 1.30pm slot is too risky for me :eek:

Cheers
 

sidinuk

Established member
624 5
wow, a 10 pt stop on the dow! You must be pretty good (lucky) with your entry to survive with that. What sort of win/lose ratio do you get?
 

cd173

Active member
209 1
sidinuk

Not that good at all really. I wait for a stochastic signal along with another confirmation signal to show a change/continuation in trend. Any more than a 10 point loss generally means the trade won't work. I'm early test stages with the DOW, but on Friday's morning stage the system produced 2 trades 2 wins total of around 40 -50 points. Win/Lose ratio maybe 60-70%

I use the same system on the DAX on 2min chart, but that is a bit tricker!

It appears that the bigger the range the better the system works.

May I ask what sort of time frame you use?

Thanks
Chris
 

rb5

Newbie
2 0
personally find the 3min chart is the best for direct access trading the mini-dow

shame the contract values are so low, which is why i prefer the dax
 
 
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