NexusFi: Find Your Edge


Home Menu

 





GFIs1 1 DAX trade per day journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 4,733 posts (11,905 thanks)
    2. looks_two Symple with 89 posts (151 thanks)
    3. looks_3 ratfink with 83 posts (146 thanks)
    4. looks_4 CPRICE76 with 74 posts (30 thanks)
      Best Posters
    1. looks_one GFIs1 with 2.5 thanks per post
    2. looks_two choke35 with 2.5 thanks per post
    3. looks_3 ratfink with 1.8 thanks per post
    4. looks_4 Symple with 1.7 thanks per post
    1. trending_up 1,108,767 views
    2. thumb_up 13,623 thanks given
    3. group 260 followers
    1. forum 6,113 posts
    2. attach_file 430 attachments




 
Search this Thread

GFIs1 1 DAX trade per day journal

  #791 (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: 15,564

This week had two trades:

Both shorts went into SL of minus 30 points each
Weekly result minus 60 points

Result since week 2 now 410 points.

Rule correction on the second short (today's trade) is made for future Fridays
as described in earlier post here.
With that minimal 30 minute shift on today's trade the week would have ended positive.
This trading

Have a nice weekend
GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
Better Renko Gaps
The Elite Circle
Build trailing stop for micro index(s)
Psychology and Money Management
Are there any eval firms that allow you to sink to your …
Traders Hideout
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
56 thanks
Funded Trader platforms
44 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #792 (permalink)
 Eris 
Cape Town, South Africa
 
Experience: Intermediate
Platform: Metastock
Trading: Index futures
Posts: 41 since Aug 2012
Thanks Given: 41
Thanks Received: 6

Thank you for reminding me about your timeframes.

The time that I stay in a trade varies as I need to wait for the exit target. Since I trade intraday only, I prefer a target of 50% of daily ATR which is about 33 points.




GFIs1 View Post
Thanks @Eris for a nice setup for turning points intraday.

There are several time and chart intervals to get some patterns and setups:
Yours belongs to the short time(-frame) intraday trades - they need a lot of attention.
The second ones belong to 30 to 60 minutes intraday intervals. These patterns are considered in
this thread here. Taking the rules of the specific weekday the trade has no longer to be watched -
either the SL is taken out or the trade is closed on previewed time - hopefully with a positive gain.
Both of the above approaches are only for INTRADAY trades - so no higher margins needed and
the risk can be minimized.

For the long term trades with overnight and over weekend holding some other approach is needed
and can be taken as an assist for our intraday trades here - though I do NOT change my GFIs1 1 Dax
trading rule because of the bigger picture seen in the long term trades.
In my other thread for longer term settings
(that one is for the Dax - and there is a thread for the ES too) there are the settings shown for bigger moves.

Even if I am aware of very short time trades - my approach begins with 30 minute charts to have a trade
from 2 to 5 hours intraday as well as the long term approach holding a trade up to 2 weeks.

In this thread discussing any timeframe is welcome - so my question is if you are personally preferring
a 5min chart for entries - how long do YOU stay in the taken trade?

GFIs1


Reply With Quote
Thanked by:
  #793 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
Posts: 3,633 since Dec 2012
Thanks Given: 17,423
Thanks Received: 8,425



GFIs1 View Post
This trading

No kidding! Have a great one too! Cheers.

Travel Well
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #794 (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: 15,564

Dax short 10:30 to 13:00

entry @ 8244

exit @ 8243

result plus 1 point

risk - medium

outlook - starting the week negative: reversal here? Will discuss that with a daily chart in extra post

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #795 (permalink)
 
podski's Avatar
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
Posts: 388 since Sep 2012
Thanks Given: 499
Thanks Received: 470

Hi GFIs1,

Nice call on the direction this morning. It was also in line with a few of the things that I look at
- Friday's action
- SR
- Pivot Points
- Gaps
Something I have noticed that you do is you chop the day into a morning and afternoon session (loosely speaking). Lunchtime is of course a low volume time and moves are rarely telling during this time but there are often different impulses to the morning and the afternoon.

Question:
How do you make the split between say a morning trade (to 12:30 or 13:00) an early afternoon trade (to 14:30) and to an all day trade (16:00 .. or later).

best

p

Visit my NexusFi Trade Journal Reply With Quote
  #796 (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: 15,564


podski View Post
Hi GFIs1,
...
Question:
How do you make the split between say a morning trade (to 12:30 or 13:00) an early afternoon trade (to 14:30) and to an all day trade (16:00 .. or later).

best

p

Hi @podski

Thanks for your input - the answer is relatively easy - the trades start between 09:30 to 11:00 normally.
Exits are depending on weekday (as always), gaps, US numbers in the afternoon (if there are or NOT)
and important: long trades when nothing important happens and a long weekend with a extra free day
is in sight...

Hope this helps

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #797 (permalink)
 
podski's Avatar
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
Posts: 388 since Sep 2012
Thanks Given: 499
Thanks Received: 470

Hi GFIs1 and all,

What does anyone feel about next Monday ?

It is a public holiday in Germany and a lot of other European countries ... so will anyone turn up or can we all have a day off ?

:-)

p

Visit my NexusFi Trade Journal Reply With Quote
  #798 (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: 15,564


podski View Post
Hi GFIs1 and all,

What does anyone feel about next Monday ?

It is a public holiday in Germany and a lot of other European countries ... so will anyone turn up or can we all have a day off ?

:-)

p

Last year I did NOT trade on that Monday... (my statistics said it )
It is up to YOU

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #799 (permalink)
CPRICE76
LONDON
 
Posts: 93 since Apr 2013
Thanks Given: 110
Thanks Received: 37

GFIs1,

I am following your thread with interest.What other EU number do not enter a trade before besides IFO and ZEW?

Do you also not put a trade on prior to Europeans PMI,CPI,GDP etc..?

Also, Have you ever had to taken a much bigger loss than the 30 tick SL due to a market gap on some unexpected news etc..?

Thanks.

Reply With Quote
  #800 (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: 15,564



CPRICE76 View Post
GFIs1,

I am following your thread with interest.What other EU number do not enter a trade before besides IFO and ZEW?

Do you also not put a trade on prior to Europeans PMI,CPI,GDP etc..?

Also, Have you ever had to taken a much bigger loss than the 30 tick SL due to a market gap on some unexpected news etc..?

Thanks.

Hi @CPRICE76 - thanks for following

1) only IFO and ZEW have special entry rules. Trades are made on IFO and ZEW days
2) no
3) there is slippage possible but I have very rarely trades where SL does not hold

Good trades
GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on March 27, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts