CFDs and Futures on DAX

This is Educational text, about CFD quotes vs. Futures quotes, with chart examples


Examples are from Wednesday, September 22th, 2021 and Wednesday, Jan 26, 2022


#1 From Educational Email, sent to Subscribers on September 22th, 2021

I am using Trading View for charting. Every real time feed for CFDs there is of course free. Other stuff, like Cash or Futures real time feed is not, and free ones are delayed.


I have used DE30EUR CFD ticker (OANDA feed) for my CFD zones chart for a very long time, since that is the only one on Trading View, that shares the exact same working hours as Futures. At one point (I think with March 2021 futures) Futures were in Contango - Futures prices HIGHER than Cash, while USUALLY - like now, Futures prices are in Backwardation, which means LOWER than Cash.


In Contango, DE30EUR was unusable, so I have switched to GRXEUR (Forex.com feed), which is a 24 hour feed, much like the IG Markets, that many of you use. On these 24 hour tickers, we will IGNORE anything between 22:00 - 02:15 CET.


(Addon - Jan 26, 2022 - Futures session starts at 01:15 CET, or at 2:15 CET, depending on Winter or Summer time. About DAX page is there for everything to know about that, and Premarket / RTH / Afterhours sessions).


Futures, as OFFICIAL derivatives do not trade at that period, and quotes in that period means nothing. So, today - Wednesday, Sep 22, 2021 - we ignore this "dip" on the CFD chart, because that doesn't exist on Futures.

5 min charts of GRXEUR CFD and Futures



#2 Example from Wednesday, Jan 26, 2022


The marked "dip" - doesn't exist on Futures. Only on 24/7 CFDs. We will ignore that as well.

Range is clearly formed between S2 and R1. This Blog is made before adjusting zones.


15 min charts of GRXEUR CFD and Futures