short from 17:00

link:

GFIs1 HighVola Dax Journal 16:35: Looks not bad - we will see in 25 min. if a down/up Walzer might start @ 17:00h Start short 17:00 18:00 entry @ 11780 exit @ 11789 result -9 points no long 18:00 to 19:00 - pattern broken GFIs1 illustration:

GFIs1

Dax short 9:30 to 16:00

entry @ 11857
exit @ 11887 (SL)
result -30 points

IB vol low to ok

GFIs1

PS: "what" were the good news for the DAX?

This Easter week had one trade

negative (SL) -30 points

Points since week 1: 411

GFIs1 - no Easter eggs

Already 3 months of trades. Here a short overview on both of my journals here:




Result not so bad - especially when watching the gain per trade over both systems together.

Happy Easter
GFs1

Dax short 11:30 to 13:00

Tuesday no trade - but more than 150 pts range.
Start Wednesday within range.

entry @ 11875
exit @ 11809
result 66 points

IB vol good

GFIs1

PS: range today 217 pts
tomorrow a Walzer possible

Dax short 9:30 to 14:30

entry @ 12247
exit @ 12236
result 11 points

IB vol ok

Attention 14:30 first Friday of month: NFP (non farm payroll US)

GFIs1

..well - embarassing - but I take the points

This week had 2 trades

both positive +66 +11 points
Weekly result 77 points

Points since week 1: 488

GFIs1

GFIs1 

This week had 2 trades both positive +66 +11 points Weekly result 77 points Points since week 1: 488 GFIs1

Hi @GFIs1

What would you list as the factors to the success of your system?

Regards

Sazon 

Hi @GFIs1 What would you list as the factors to the success of your system? Regards

Hi @Sazon

Thanks for asking: The core worth of the system is to omit any bad moments where one loses more than previous gains. By finding the "troubled waters" - here the DAX - one can find the TIME of sitting on hands (SOH). Very powerful!
So I found for my 1 trade per day that Tuesday and Thursday are not worth to trade: too little gains for the effort. Just as an example. Of course the rules for when to enter the trade (timing), direction and exiting time as well as the SL settings are important. Thus one needs to look back to 2 previous days, to upcoming numbers during the day, to the volume of the initial balance (here 9:00 to 9:30) and of course most important holidays, holidays holidays
For all situations a package of rules are written in my trading plan. Sometimes so tricky that a combination can not be programmed.

Then in my second system "Walzer" I took the high vola to trade when I am forced to not trade the 1 trade per day. Both systems are made for a special situation - here both are completing each other.
The Walzer is programmed and gives me a signal on my phone before a trade has to be started. Very handy. The rules for this easy system you can find in my GFIs1 high vola thread.

Hope this helps - Good trades!
GFIs1

GFIs1 

Hi @Sazon Thanks for asking: The core worth of the system is to omit any bad moments where one loses more than previous gains. By finding the "troubled waters" - here the DAX - one can find the TIME of sitting on hands (SOH). Very powerful! So I found for my 1 trade per day that Tuesday and Thursday are not worth to trade: too little gains for the effort. Just as an example. Of course the rules for when to enter the trade (timing), direction and exiting time as well as the SL settings are important. Thus one needs to look back to 2 previous days, to upcoming numbers during the day, to the volume of the initial balance (here 9:00 to 9:30) and of course most important holidays, holidays holidays For all situations a package of rules are written in my trading plan. Sometimes so tricky that a combination can not be programmed. Then in my second system "Walzer" I took the high vola to trade when I am forced to not trade the 1 trade per day. Both systems are made for a special situation - here both are completing each other. The Walzer is programmed and gives me a signal on my phone before a trade has to be started. Very handy. The rules for this easy system you can find in my GFIs1 high vola thread. Hope this helps - Good trades! GFIs1

Thanks for the response. I've been following your thread for quite some time so I kinda knew the answer but I wanted to verify with you. The reason why I posed the original question was because I remember you pointing out that certain days may be better than others so I ran a pivot table analysis in excel of my past trades and low and behold I noted certain days were wildly more profitable than others. So we are listening

Since I always start with the premise that everything is an 'overfit' until proven otherwise, I plan to watch this day of week filter for 2-3 months in incubation before I implement it.

As a side note, I also fully automated my trading methodology, complete with signals sent to my phone of time of trade and outcome. It's beautiful to no longer have to be tied to starring at a screen all day. Plus it completely removes emotions from trading. The next plan is to move everything to the cloud then I won't even need a computer