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    How to Scalp the Mini DAX Future?
    How to Scalp the Mini DAX Future?
    How to Scalp the Mini DAX Future?
    Ebook85 pages56 minutes

    How to Scalp the Mini DAX Future?

    By Heikin Ashi Trader

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    About this ebook

    How to Scalp the Mini DAX Futures


    Thanks to the introduction of the Mini-DAX futures (FDXM) private traders with smaller accounts are afforded the opportunity to scalp the German DAX Index to professional terms. Unlike most other trading instruments, Futures are the most transparent and effective way to make money in the financial markets.


    Scalpers have infinitely more trading opportunities than position traders or day traders, which constitutes the real strength of this trading style. A scalper may therefore manage his capital much more effectively than all other market participants and thus achieve much greater returns than would otherwise be the case.


    The Heikin Ashi Trader shows in this book how to successfully scalp this new future on the DAX. You will learn how to enter the market, how to manage your position and at which point you should back out. In addition, the book contains a wealth of tips and tools to make your trading even more effective and precise.


     


    Table of Contents


    The EUREX Introduces the Mini DAX Future


    The German DAX, a Popular Market for International Traders


    Advantages of Future Trading


    The Heikin-Ashi Chart


    What Is Scalping?


    What is the Advantage of Being a Scalper?


    Basic Setup of Heikin Ashi Scalping


    Entry Strategies


    Are Re-Entries Sensible?


    Exit Strategies


    Are Multiple Targets Sensible?


    When You Should Scalp the Mini-DAX-Future (and When Not)


    Useful Tools for Scalpers


    Placing Orders


    Open and Close Orders


    Managing Open Orders


    The Trailing Stop as a Profit Maximization Tool


    Various Stop-Orders


    The Fix Stop


    The Trailing Stop


    The Linear Stop


    The Time Stop


    The Parabolic Stop


    Link Stop Orders


    Multiple Stops and Multiple Targets


    On the Stock Exchange Money Is Made with Exit Strategies!


    Further Development of Market Analysis


    Key Price Levels


    Live Statistics


    Epilogu


    Glossary


    More Books by Heikin Ashi Trader


    About the Author


    About the Author:


    Heikin Ashi Trader is the pen name of a trader who has more than 17 years of experience in day trading futures and foreign exchange. He specializes in scalping and fast day trading. In addition to this, he has published multiple self-explanatory books on his trading activities. Popular topics are on: scalping, swing trading, money- and risk management.

    LanguageEnglish
    PublisherDAO Press
    Release dateOct 10, 2018
    How to Scalp the Mini DAX Future?
    Author

    Heikin Ashi Trader

    ​Heikin Ashi Trader is the pseudonym of a trader who has over 19 years of experience in day trading futures and currencies. He traded for a hedge fund and then went on his own. He specializes in scalping and fast day trading. His scalping book "Scalping Is Fun!" is an international bestseller and has been sold more than 30.000 times. His books have been translated into 11 languages.

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    • 5/5
      Simple and straight to the point. This is the real deal for DAX trading.

    Book preview

    How to Scalp the Mini DAX Future? - Heikin Ashi Trader

    Table of Contents

    How to Scalp the Mini DAX Future

    1. The EUREX Introduces the Mini DAX Future

    2. The German DAX, a Popular Market for International Traders

    3. Advantages of Future Trading

    4. The Heikin Ashi Chart

    5. What Is Scalping?

    6. What is the Advantage of Being a Scalper?

    7. Basic Setup of Heikin Ashi Scalping

    8. Entry strategies

    9. Are Re-Entries Sensible?

    10. Exit Strategies

    11. Are Multiple Targets Sensible?

    12. When You Should Scalp the Mini-DAX-Future (and When Not)

    13. Useful Tools for Scalpers

    A. Placing Orders

    B. Open and Close Orders

    C. Managing Open Orders

    D. The Trailing Stop

    14. Various Stop-Orders

    A. The fixed stop

    B. The Trailing Stop

    C. The Linear Stop

    D. The Time Stop

    E. The Parabolic Stop

    F. Combining Stop Orders

    G. Multiple Stops and Multiple Targets

    15. On the Stock Exchange Money Is Made with Exit Strategies!

    16. Further Development of Market Analysis

    A. Key Price Levels

    B. Live Statistics

    Epilogue

    Glossary

    More Books by Heikin Ashi Trader at Amazon

    About the Author

    Imprint

    How to Scalp the Mini DAX Future

    Heikin Ashi Trader

    1. The EUREX Introduces the Mini DAX Future

    As the German derivative exchange, Eurex on October 28, 2015 introduced a Mini Futures contract (FDXM) on the DAX; it was obvious to me that I had to test the Heikin Ashi Scalping method also on this instrument.

    Although the Heikin Ashi method is a universal approach that can be applied to all markets, the fact remains that each market has characteristics that a trader has to get to know first. I always find it appealing to try a new Future, to see if I can beat the market with my method.

    Thanks to the introduction of mini-DAX Futures, private investors with smaller accounts are now afforded the opportunity to also scalp the German DAX Index to professional terms. So far, they had been forced to hide on either the forex market or on the American mini futures as E-mini or mini-Dow.

    The large DAX futures FDAX is for most private investors and traders simply too big. This is certainly the case for a DAX index of over 10,000 points (as of April 2016). The derivatives exchange, Eurex has finally come to this conclusion and announced in October 2015 the introduction of the mini-contract.

    The contract value of the large FDAX is 25 Euros per index point. Anyone who wants to trade a position with a tight stop of 10 points, risks 250 Euros. Logically, a trader should only try this with an account of $25,000, though $50,000 will be better.

    The mini DAX future got its own contract specifications. The contract value is only 5 Euros per index point. The size of the Mini-DAX is therefore only one-fifth of the FDAX futures. The minimum price change is not like the big contract at 0.5 points but at one index point. A trader who secures his position with a stop of 10 points risks losing only 50 Euros. In my opinion, he can try this with an account of $5,000.

    Due to the minimum price change of one index point the mini-DAX is slightly more expensive than the FDAX. But for the mini only one-third of the margin requirement is needed (an amount, which a trader must have available in his account in order to buy a contract).

    Currently, these are intraday 1,750 euro. The exchange fee is only 0.20 euro per lot instead of 0.50 Euros for the FDAX. Although the mini-DAX future is still a very young market, it was welcomed by investors worldwide with great interest.

    The mini-DAX futures is oriented on the famous big contract, the FDAX, the Eurex assumes however that this interest will continue to grow once the international trader community becomes aware of this instrument. If more major players would be attracted some movement for the market direction could eventually evolve from the Mini. On Figure 1 you can see a screenshot of the order book of 9th February 2016.

    Figure 1: order book of mini DAX futures from February 9, 2016

    2. The German DAX, a Popular Market for International Traders

    The DAX is made up of the 30 major German companies. Known shares in the DAX are:

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