Dax vs ES....which futures do you prefer?

[cd173]

Afternoon everyone

Well this morning I found scalping the Dax a pain in the backside. No clear signals and lots of failed rallies...for me anyway....
Come the afternoon I keep an eye on the US....and so far a very choppy afternoon.......nice. 😱
Out of lonely curiosity does anyone have a preference as to what to trade and when. I'm thinking DAX in the morning, ES in the afternoon.
Would that make life easier???? or are my signals just crap. :?:

All comments welcomed.

Cheers

 

[neil]

Is that the time !

Have a look at the "No indicators" thread and those of "Skimbleshanks" our resident fluffy rabbit. 😀

Seriously though, the posts are worth a close study.

 

[BBB]

I'd trade whichever has the largest comparative daily range.

 

[cd173]

Hi All

Is it better to look at range or rather min tick value?
As you know if the ES only ranges a couple of points, it's still around 8 ticks where if the DAX does the same it's only 4 ticks.
So which is the easier scalp??

Cheers

 

[jimmy1]

how many ticks are you scalping for? and whats you take from the trade vs stop?

 

[cd173]

Hi Jimmy1

I look to take as much as possible using trailing stops. I use stochastics and tighten the stops when the line begins to turn at the top or bottom. Usually can get out with 2+ points.
Sorry, but don't quite understand the second part of the question?

Regards
C

 

[jimmy1]

sorry i mean take as in do you go in for 2 ticks and risk losing 3 ticks etc?, i was looking to go in for half a tick do you think this is advisable?

 

[cd173]

Hi Jimmy1

First off, I'm no expert on futures so please take advice with a pinch of salt and try things for yourself.
I use a 2 and a half point stop loss, so 5 ticks. I use an IB frontend called ButtonTrader which allows easy order execution and target setting. I use a trailing stop of 4 ticks which moves with the peak.
If you mean half a point stop as in 1 tick on the DAX, well that is a no go as you'll find you will be stopped out all the time. You have to allow a couple ticks at least as the DAX whips around quite a bit. I scalp on a 1 min chart so 2 and a half ticks is just about ok for me.
What are you looking to trade anyway?

C

 

[jimmy1]

i used to trade the dax and the ftse in for 10 ticks and a 10 tick stop but soon got a stomach ulcer!!! moved onto euribor front months and this was alot more profitable and was more of my niche but it can get very boring i like the dancing dax and do not like the ftse!! i want t o try to get into the dax again and its good to get ideas etc i used to use stochs and cci parabolics on the dax but could not take 5 or 6 10 tick losses in a row it used to eat away at me... with a 1/2 tick profit basis on a 2 tick chart it seems like you can take very small bits out the market consistantly how long have you traded for? 😆

 

[cd173]

Hi Jimmy1

Why don't you pm me for a discussion if you like?

Cheers