StrayDog
Trading
Last update of this page: September 20, 2024
Information about DAX sessions,
useful links and abbreviations from MORNING NOTES and Charts
DAX Trading hours
>>> DAX Futures Extended Trading hours were changed from Dec 10, 2018.
You can read about the changes in this article.
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>>> Until September 20, 2021, the number of DAX components was 30.
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>>> Calculation of the Opening and Closing price of DAX INDEX, were changed from March 18, 2024.
You can read about those changes in this article (German and English available), OR in this PDF file in English, where I have highlighted the changes. This change was active up to July 22, 2024.
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>>> DAX40 ISIN is DE0008469008
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START of the Futures session depends on Daylight Saving Time shift.
It starts from 01:15 am ("winter time") OR at 02:15 am CET ("summer time").
Screenshots are from Interactive Brokers platform.
Regular trading hours = RTH session, always start at 9:00 CET.
We need Futures charts to get the info where are the Premarket Low and High values. Real time feed (Eurex) costs just USD 2 per month on TradingView.
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I use Trading View platform for charting, and there are MANY available DAX CFDs on it.
The one I am using for Zones for CFDs is GER40 from Forex[dot]com, and I can use other tickers if necessary.
I make S/R Zones both for CFDs AND for Futures (ticker is FDAX1! for Continuous contract).
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Note that there could be differences between CFD quotes from TradingView and your broker. Also, there is always a difference between CFD quotes and Futures. Sometimes it is better to use CFDs, because you can close partially if you have small account, and trade less value than with futures. But, when you grow your account, OR you already have a decent size account - it is better to trade futures. Better fills, less slippage, better regulation and lower commissions.
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Useful links:
Deutsche Börse Xetra - Trading calendar
Börse Frankfurt DAX page (to check previous Cash close)
Lingo (abbreviations) from the M. NOTES and Twitter feed
RTH -> Regular Trading Hours. Stock market trading hours, and Cash Index trading hours.
In case of DAX, it means 09:00 - 17:30 German time (CET).
PMKT -> Pre-market Session
PMKT L / PMKT H -> Pre-market Low or High values
AH or AH session -> Afterhours Session - check the top of the page
ONH and ONL -> Overnight high and Overnight low values for US markets.
YH and YL -> Yesterday High and Yesterday Low values
ATH -> All Time High
LTF -> Large time-frames
cash close -> Previous Close of the Cash Index
LOD and HOD -> Low of the day and High of the day
PA -> Price Action
MGI -> Market Generated Information
LVN and HVN -> Low Volume Node / High Volume Node from Volume Profile
OpEx -> Options Expiry (Monthly OpEx for DAX is every third Friday of the month, at 13:00 CET)
Spring -> False breakdown, or Washout under Support, or "Look below and Fail"
Upthrust -> False breakout, Spike without follow-through over Resistance, or "Look above and fail"