GFIs1 1 DAX trade per day journal (Page 12) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:262,694 / 2,756
Last Reply:December 1st, 2016 (11:56 AM) Attachments:173

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 173  
 
Thread Tools Search this Thread

GFIs1 1 DAX trade per day journal

Old March 28th, 2012, 03:41 PM   #111 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

DAX closed 12:30 @ 7096
result plus 27 points

even the smaller stop was on a safe place ;-)

The ride from my 12:30 exit to 17:30 would have been a nice short...
As I was not at the computer this afternoon - it went without me.

GFIs1

Reply With Quote
     
The following user says Thank You to GFIs1 for this post:
     

Old March 29th, 2012, 04:05 AM   #112 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

last days in march...

Thursday

DAX LONG from 10:30 to 13:30
attention: 13:30 US BIP numbers - must exit before numbers appear ;-)

GFIs1

Reply With Quote
     

Old March 29th, 2012, 05:31 AM   #113 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received


DAX long entry 10:30 @ 6990

exit 13:30 @

stopped out @ 6960

result minus 30 points

GFIs1


Last edited by GFIs1; March 29th, 2012 at 06:31 AM. Reason: result
Reply With Quote
     
The following user says Thank You to GFIs1 for this post:
     

Old March 29th, 2012, 06:04 AM   #114 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Thinking out of the box V - about STOPS

There are some very interesting discussions on futures.io (formerly BMT) board in non journal threads. Be it hard stops, mental stops or even NOstops.
My future trading reveals some essence I want to share here:
- Stops may be essential to prevent the account AND to calculate a maximum drawdown in advance
- A stop needs to be outside of the noise zone. That zone is statistical value that only can be found by looking at the normal movements of a specific instrument as well as the desired timeframe of the trade
- In my instrument DAX future traded only during the day, open to close within some hours I have two distances I use depending on the movement of the PAST day. (the settings are 30 respective 40 points depending on the situation.

Yesterday I proposed a 20 points stop because of a faint entry signal.
Some proposals were to move the stop at break-even after the first price-movement was fast in the right direction.
I do not move stops - after I started a trade.
Here is why - the example of yesterday would have been hit at the break-even stop and my daily result would be ZERO.
Letting playing out the trade and getting to where the original goal was set - my trade went to plus 27 points plus.

What does this mean?
There is a preparation of a trade before we trigger an entry.
The exit should be defined - either by a signal, a fixed take profit or a defined time.
When we enter a trade - any movement of above previewed goals / stops are not helpful.
So letting it play out and relaxing inbetween means over long term much better trades as well as protecting blood pressure :-)

Just a little example for stops.

GFIs1

Reply With Quote
     
The following user says Thank You to GFIs1 for this post:
     

Old March 29th, 2012, 01:12 PM   #115 (permalink)
Elite Member
Linz / Austria
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: TF, ES, Currency Futures
 
Posts: 106 since Oct 2011
Thanks: 131 given, 76 received

Futures Edge on FIO

Are you a NinjaTrader user?

 
why did you wanna go long at 6990?

Reply With Quote
     

Old March 30th, 2012, 02:53 AM   #116 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Thursday trade started the first 30min outside of the wednesday range.
My ruleset takes in this case a counter trade for a short term morning trade
to close that gap in order to follow the downtrend then.
This didn't happen yesterday as we have seen. The normal stop was hit.
Now the question today: if for the quaterly close the price moves
up again into 7000. This would close that wednesday gap too.

Good trades today

GFIs1

Reply With Quote
     
The following user says Thank You to GFIs1 for this post:
     

Old March 30th, 2012, 04:35 AM   #117 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

LAST day in march

This quarters final Friday trade:

DAX short from 09:30 to 14:30
attention - exit must before US numbers move

entry @ 6944

exit @ 6967

result minus 23 points

GFIs1


Last edited by GFIs1; March 31st, 2012 at 03:14 AM.
Reply With Quote
     
The following 2 users say Thank You to GFIs1 for this post:
     

Old March 30th, 2012, 11:47 PM   #118 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,539 since Jun 2009
Thanks: 28,884 given, 80,123 received

Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

C) Were you initially reluctant to start this trading journal? If yes, why?

D) How do you feel, overall, about your journaling experience?

E) Would you recommend to others that they should also start a trading journal?

Thank you for taking the time to answer my questions. I appreciate your posts, and I hope you have benefited from your journal. I also know that others will benefit as well, just by reading about your own experiences.

Enjoy your weekend,
Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
     
The following user says Thank You to Big Mike for this post:
     

Old March 31st, 2012, 03:26 AM   #119 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Week 13 result

This week five trades

Two trades positive
three trades negative (one of them hit the stop)
Total points -33

March / futures.io (formerly BMT)-Contest result plus 93 points

Twitter results since jan first 2012
Three months: plus 466 points
(plus 9 points/day)

GFIs1

Reply With Quote
     

Old March 31st, 2012, 04:05 AM   #120 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

THANKS to BigMike



Big Mike View Post
Congratulations on your journal!



In the spirit of our March Trading Journal contest, I am asking everyone to spend a few minutes and share their journaling experience.

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

C) Were you initially reluctant to start this trading journal? If yes, why?

D) How do you feel, overall, about your journaling experience?

E) Would you recommend to others that they should also start a trading journal?

A) What are the top five benefits you have seen as a result of regularly posting in this journal?

Discussion with the futures.io (formerly BMT) cracks/readers on the rule sets of my trading - have appreciated every input - many thanks to all contributors
to my thread as well to all followers reading every input on the thread
Look-back and test of the sense of every rule and the stop settings
Being aware that "many eyes are looking over my shoulder live"
Best exercise for self-discipline
Testing the grounds on consistency under more difficult situation - in a live situation


B) What are the top five problem areas you have identified as a result of regularly posting in this journal?

Had only some time restrictions with announcing / posting and reviewing the rules for a trade while taking
the trade / posting on futures.io (formerly BMT) and Twitter at the same time

C) Were you initially reluctant to start this trading journal? If yes, why?

No

D) How do you feel, overall, about your journaling experience?

As I am twittering my trades live already the journal was a surplus on discussion with many futures.io (formerly BMT) members
which gave chances to optimize my own trading style and to see how others would see it from a different angle.

E) Would you recommend to others that they should also start a trading journal?

YES - I must recommend a trading journal from newby on sim to cracks - to test the own edge with supervision under live conditions

Many thanks to BigMike for this great platform and the possibility to get to so many great traders with a zillion of ideas.

GFIs1

Reply With Quote
     
The following 3 users say Thank You to GFIs1 for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > GFIs1 1 DAX trade per day journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
DTs Day Type Journal DionysusToast The Elite Circle 49 August 17th, 2015 11:13 PM
Journal of a Nifty Day Trader psb1967 Trading Journals 11 February 7th, 2014 09:22 AM
10% per day, video journal Ryanb Elite Trading Journals 80 March 3rd, 2013 03:25 AM
Emini's Swing trade v day trade kctpac Index Futures Trading 0 March 1st, 2011 10:32 AM
Using DAX to trade the ES - better than volume trendisyourfriend The Elite Circle 40 July 13th, 2010 12:31 PM


All times are GMT -4. The time now is 11:37 AM.

Copyright © 2016 by futures.io. 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.
 
no new posts

Page generated 2016-12-03 in 0.14 seconds with 20 queries on phoenix via your IP 54.167.155.163