Mini Dow Traders

[cd173]

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

 

[JonnyT]

I've had no problem with fills 7pm to 9pm out time.

JonnyT

 

[cd173]

Hi Jonny T

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

Cheers

 

[JonnyT]

I'm working at that time!

JonnyT

 

[oatman]

Nice hours Jonny :cheesy:

 

[cucuchris]

2.30pm to 4ish

UK Time ? US time ??

 

[cd173]

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]

Yes, I mostly autotrade these hours but also manually trade when I can and feel like doing do!

JonnyT

 

[Indi]

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]

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

Cheers

 

[sidinuk]

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]

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]

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