GFIs1 1 DAX trade per day journal (Page 126) - 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:263,046 / 2,760
Last Reply:18 Hours Ago (09:49 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 February 7th, 2014, 04:45 PM   #1251 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,182 received

Looking at gains...

...is NOT important.
Looking at consistency is more.
Past wins (yes - you know the warning) are not the base for future wins.

This is very true.
In every trading there are some positive weeks and maybe even more negative weeks.
The final result is measured by the end of the year. Don't try to calculate forward
after a winning streak.

In this thread there was shown a result of around 1000 points per year for two years.
The good result from this year's start may have some "retracing" weeks to come.
So I can not interpolate wins to the whole year. My goal is to see consistency first - and I will be
very happy with the 1000 points yearly result again. THIS would mean consistency.

GFIs1
think about - happy weekend!

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

Old February 7th, 2014, 04:50 PM   #1252 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,541 received


GFIs1 View Post
...is NOT important.

Looking at consistency is more.

Past wins (yes - you know the warning) are not the base for future wins.



This is very true.

In every trading there are some positive weeks and maybe even more negative weeks.

The final result is measured by the end of the year. Don't try to calculate forward

after a winning streak.



In this thread there was shown a result of around 1000 points per year for two years.

The good result from this year's start may have some "retracing" weeks to come.

So I can not interpolate wins to the whole year. My goal is to see consistency first - and I will be

very happy with the 1000 points yearly result again. THIS would mean consistency.



GFIs1

think about - happy weekend!


W8 for pullback of the system what you really dont know means you are not managing the risk.
Riding with you with a small risk is much more fun and you already gave me a lots of money saving idea to do my trades at the right time.

I took my long term chances with you hope you are going to post these for anlomg time!

Máté
Full time traderLive journal here
Reply With Quote
     
The following user says Thank You to matevisky for this post:
     

Old February 7th, 2014, 05:05 PM   #1253 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Trading Group / Rithmic
Favorite Futures: CL, NQ
 
Daytrader999's Avatar
 
Posts: 1,157 since Sep 2011
Thanks: 1,135 given, 1,536 received



matevisky View Post
Riding with you with a small risk is much more fun and you already gave me a lots of money saving idea to do my trades at the right time.

I took my long term chances with you hope you are going to post these for anlomg time!

Oh yes, he certainly will...for only $250 / month if you subscribe until Sunday, it's the real deal and a bargain !

...Sorry my friend @GFIs1, you know that I just couldn't resist...

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
     
The following 3 users say Thank You to Daytrader999 for this post:
     

Old February 7th, 2014, 05:09 PM   #1254 (permalink)
Mate
Budapest, Hungary
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: TopstepTrader
Favorite Futures: NQ, TF, YM
 
matevisky's Avatar
 
Posts: 469 since May 2013
Thanks: 632 given, 1,541 received


Daytrader999 View Post
Oh yes, he certainly will...for only $250 / month if you subscribe until Sunday, it's the real deal and a bargain !



...Sorry my friend @GFIs1, you know that I just couldn't resist...

As I told the ultimate goal is learn and as we all know this is the main purpose of futures.io (formerly BMT) so dont poke the newbies))

Máté
Full time traderLive journal here
Reply With Quote
     
The following user says Thank You to matevisky for this post:
     

Old February 7th, 2014, 05:25 PM   #1255 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Trading Group / Rithmic
Favorite Futures: CL, NQ
 
Daytrader999's Avatar
 
Posts: 1,157 since Sep 2011
Thanks: 1,135 given, 1,536 received

Futures Edge on FIO

Are you a NinjaTrader user?

 

matevisky View Post
As I told the ultimate goal is learn and as we all know this is the main purpose of futures.io (formerly BMT) so dont poke the newbies))

Of course, there's nothing wrong with that, and learning to trade @GFIs1's style is certainly one of the most promising and stress-free approaches you can get in trading.

Having that said, learning is the keyword, but by all means, please avoid just to copy his style.

But I'm sure that you've got that already...so it's been only a very friendly poke.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
     
The following 3 users say Thank You to Daytrader999 for this post:
     

Old February 7th, 2014, 05:30 PM   #1256 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,182 received


Daytrader999 View Post
Oh yes, he certainly will...for only $250 / month if you subscribe until Sunday, it's the real deal and a bargain !

...Sorry my friend @GFIs1, you know that I just couldn't resist...


If I am reading between your lines - then

a) if you are subscribing to a expensive signal service it brings of course a lot of money!! **
b) if you read futures.io (formerly BMT)-threads (also those you have not to subscribe) you get signals for free

** have to finish the above sentence: "..brings a lot of money for the signal service only

GFIs1

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

Old February 7th, 2014, 05:46 PM   #1257 (permalink)
Elite Member
Lehrte, Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Optimus Trading Group / Rithmic
Favorite Futures: CL, NQ
 
Daytrader999's Avatar
 
Posts: 1,157 since Sep 2011
Thanks: 1,135 given, 1,536 received


GFIs1 View Post
If I am reading between your lines - then

a) if you are subscribing to a expensive signal service it brings of course a lot of money!! **
b) if you read futures.io (formerly BMT)-threads (also those you have not to subscribe) you get signals for free

** have to finish the above sentence: "..brings a lot of money for the signal service only

GFIs1

Hehe...Yep that's correct, at least in regards to a) and b).

BUT...in case of YOUR 'signal service', BOTH vendor and client will make money.

And as I mentioned the 'real deal' above, that wasn't meant ironically in any way.

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
Reply With Quote
     
The following user says Thank You to Daytrader999 for this post:
     

Old February 9th, 2014, 08:14 AM   #1258 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: DAX
 
Posts: 26 since Feb 2014
Thanks: 0 given, 8 received

DAX: W/C 10th Feb

I'd like to complement GFIs work with a few thoughts before the open of the day. I'm primarily interested in probable outcomes, that can be predicted with a higher degree of certainty than flipping a coin (50:50); entry is my biggest area for improvement as well as risk management.

My strategy is to fade the gap, and use gap zone probabilities designed by Scott Andrews to help improve my selection. I'm not using the service provided by "MasterTheGap" as it does cater for the DAX (unfortunately). A good reference point is:

Gap Zone Map

I will use the same terminology as highlighted on the gap zone map but in reference to DAX.

I will try to provide premarket or failing that 23:00 GMT prices in advance of the next German trading session.

The example for this week end is:

Day Date Open High Low Close
Friday 07/02/2014 9275.38 9323.24 9223.21 9301.92

Monday's expected open circa 9330 (this forecast will be improved at 23:00 GMT this evening; and premarket tomorrow morning).

Using Gap Zone Map, we are U-H (prior day was up and above the prior day's high price). This gives a 65% probability of a Gap Fade.

Just on that point its probably worth pointing out the difference between the gap and the lap:

gap down: today’s open<yesterday’s low

lap down: today’s open< yesterday’s close

gap up: today’s open> yesterday’s high

lap up: today’s open>yesterday’s close

So in this example:

Gap Up - 6.76
Lap Up - 28.08

Now Monday will be interesting looking at the DOW's performance on Friday will the Gap fade and then move onto take out the Lap? I expect the gap to fade but not the entire lap. At which point I expect a rebound to new highs beyond the open.

Any thoughts much appreciated.

Reply With Quote
     

Old February 9th, 2014, 08:30 AM   #1259 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,182 received


gentlemensrelish View Post
I'd like to complement GFIs work with a few thoughts before the open of the day. I'm primarily interested in probable outcomes, that can be predicted with a higher degree of certainty than flipping a coin (50:50); entry is my biggest area for improvement as well as risk management.

Thanks genlemensrelish for input.
I can see your gap strategy very well - I am not trading this one as I am trading the second wave. Gaps are certainly
a important part in my system for the time of when a second wave should start then.

May I propose to you to open your own Dax Gap thread journal to show many thread followers the results?
This would be great. I think there could be a lot of discussions in such approach.

Here in my thread I am only looking after the Opening to get the most points as long as volume is there
and to get out before every previewed announcement (here I am repeating my view again).

GFIs1

Reply With Quote
     

Old February 9th, 2014, 08:37 AM   #1260 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: DAX
 
Posts: 26 since Feb 2014
Thanks: 0 given, 8 received


Entry is my primary concern and I feel that your shorts are following the gap/lap close process. Have you formalised your system, a spreadsheet etc? I would be happy to share my data with anyone who is interested. I won't monopolise your thread, but will just add Gap Map data once per day if that is OK?


GFIs1 View Post
Thanks genlemensrelish for input.
I can see your gap strategy very well - I am not trading this one as I am trading the second wave. Gaps are certainly
a important part in my system for the time of when a second wave should start then.

May I propose to you to open your own Dax Gap thread journal to show many thread followers the results?
This would be great. I think there could be a lot of discussions in such approach.

Here in my thread I am only looking after the Opening to get the most points as long as volume is there
and to get out before every previewed announcement (here I am repeating my view again).

GFIs1


Reply With Quote
     

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 04:28 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 2016-12-05 in 0.17 seconds with 20 queries on phoenix via your IP 54.205.140.252