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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

  #1231 (permalink)
 Only 
Frankfurt
 
Experience: Intermediate
Platform: Ninjatrader
Broker: IB
Trading: ES
Posts: 146 since Dec 2012
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trading was halt for short time, very dangerous

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  #1232 (permalink)
 ChannelTrader 
Belgium
 
Experience: Intermediate
Platform: Sierra Chart
Broker: IB / CQG
Trading: FDAX
Posts: 24 since Jan 2014
Thanks Given: 1
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Draghi : "it might get better, it might get worse" LOL

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  #1233 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562


Today a thought of the scenario in advance:
- yesterday's slump of 184 points down in 1 minute in the Dax future was most likely a fat finger problem - so
the rule does not omit a trade as that mini crash (which never occurs in Europe - LOL) is not counting.
- price came back up into the cloud again
- 61% retracement is resistance @ 9293
So my prediction for today: a nervous day - price up to 9293 and then a fall south to get out of the cloud
with some tempo. US numbers in the afternoon 14:30 - this is the time to get out.

Dax short 09:30 to 14:30 (will be confirmed or revised 09:25)

entry @ 9268
exit @ 9278 stopped out
result -10 points

GFIs1

Edit: looking back:
This trade was not developping as intended - I had to put a real tight stop as I was away from the screen.
Coming back it was no surprise to see prices rising again.
Two things to learn about todays's market movements:
1) Price was further in the daily Kumo and ended on upper line.
2) More important: US numbers at 14:30 were making a market shaker of more than 100 points...
So it was evident to get OUT before these numbers...

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  #1234 (permalink)
 
lexbac's Avatar
 lexbac 
Hamburg, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES,Dax, 6E, Cl
Posts: 47 since Jan 2012
Thanks Given: 221
Thanks Received: 101

Ok, sorry, I have seen the edit in your post now!
stop will be at 9298 ?

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  #1235 (permalink)
gentlemensrelish
United Kingdom
 
Posts: 26 since Feb 2014
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did you close when it closed the gap (and a little more) first thing this morning?

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  #1236 (permalink)
 
matevisky's Avatar
 matevisky 
Nelson, New Zealand
 
Experience: Beginner
Posts: 470 since May 2013
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I am in and out as planed. Before the news, the trade was in -10-15 tick, so I took my chances for a 2 folded trade. If the spike is going against me I would have been lost 20-30 tick (based on slipage) but I managed to win +25 tick, with a take profit target. Anyhow it was a 1:2 R:R ratio, I would take it anytime. If it would have been a winner already, I would get out before the news hit, but this time, it was a better play I guess
Thx GFIs1, and have a nice weekend
entry: @9267
exit: @9245
SL: @9302 (after a nice round number
maximum harm: @9297 (round number has been saved my ass this time, good SL management is always welcome:P)

overall +22 tick, with a very high risk factor to fail...


Máté
Full time trader Live journal here
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  #1237 (permalink)
gentlemensrelish
United Kingdom
 
Posts: 26 since Feb 2014
Thanks Given: 0
Thanks Received: 8

not sure why you chaps shorted; DAX closed gap as usual, overshot down to 9229 then rebounded. Would be interested to understand why you went short after gap close?

I went short first thing to catch the gap then went long at 9232 closing out too early at 9269

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  #1238 (permalink)
 
lexbac's Avatar
 lexbac 
Hamburg, Germany
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES,Dax, 6E, Cl
Posts: 47 since Jan 2012
Thanks Given: 221
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gentlemensrelish View Post
not sure why you chaps shorted; DAX closed gap as usual, overshot down to 9229 then rebounded. Would be interested to understand why you went short after gap close?

I went short first thing to catch the gap then went long at 9232 closing out too early at 9269


Why don`t you start your own thread where you could announce your trades in advance ?

I would be a follower

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  #1239 (permalink)
gentlemensrelish
United Kingdom
 
Posts: 26 since Feb 2014
Thanks Given: 0
Thanks Received: 8

Like the title says I'm no expert but trade the gap and once the gap has been closed I wait a bit and trade the opposite direction. Yesterdays close was 9256 todays open was above that so I went short first thing


lexbac View Post
Why don`t you start your own thread where you could announce your trades in advance ?

I would be a follower


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  #1240 (permalink)
gentlemensrelish
United Kingdom
 
Posts: 26 since Feb 2014
Thanks Given: 0
Thanks Received: 8


here is a little bit of my research

Attached Files
Elite Membership required to download: DAX Research.xlsx
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