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GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:263,147 / 2,761
Last Reply:7 Hours Ago (04:49 AM) Attachments:173

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GFIs1 1 DAX trade per day journal

Old February 14th, 2014, 04:42 AM   #1281 (permalink)
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Would 10 points be too tight a stop in your opinion ?
Thanks for your insight !

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Old February 14th, 2014, 04:48 AM   #1282 (permalink)
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lexbac View Post
Would 10 points be too tight a stop in your opinion ?
Thanks for your insight !

The mini-gap to yesterday - price falling underneath 9600 was made in the first 30 minutes.
It seems unlikely to see this again - only if the long is really turning.
Therefore a 10 point stop is ok.

GFIs1

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Old February 14th, 2014, 06:36 AM   #1283 (permalink)
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About Tight Stops


I'd like to put in a word on tight stops.

The good thing about the DAX is that it is asymmetric in the way it moves. If you get the direction right the noise part of the daily range is small - about 20% of it (usually .. more at the moment obv).

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The GFIs1 method (if I may say so) is all about letting the noise out of the morning move and then letting the overall trend , or weekday characteristic, take over.

10 points on the DAX is of course very very tight indeed. There are 1 minute pullbacks bigger than that. I have a 10 points sort of "standard stop" and I can tell you, I get belted a lot if I am not very stingy with my entries.

Using the not very scientific method of just "casting my mind back" on a year worth of trades, on the entry side, the GFIs1 trades work well when the stop is below the D-Low or above the D-High. This is of course consistent with a lot of other methods of price action watching.

Whatever your entry and exit method, be aware of getting slapped around in the noise.

p

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Old February 14th, 2014, 09:27 AM   #1284 (permalink)
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GFIs1 View Post
Dax long 09:30 to 14:30

entry @ 9610
exit @
result

tight stop - thin signal

GFIs1


Thank you for a great trade !!!

Have a nice weekend !!!

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Old February 14th, 2014, 03:01 PM   #1285 (permalink)
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Week 7 result

Futures Edge on FIO
This week had 3 trades

One negative -10 stoploss
two positive +8 + 53 points
weekly result +51 points

Points since week 2: +384

GFIs1

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Old February 16th, 2014, 04:55 AM   #1286 (permalink)
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podski View Post
The good thing about the DAX is that it is asymmetric in the way it moves. If you get the direction right the noise part of the daily range is small - about 20% of it (usually .. more at the moment obv).
The GFIs1 method (if I may say so) is all about letting the noise out of the morning move and then letting the overall trend , or weekday characteristic, take over.
..

Using the not very scientific method of just "casting my mind back" on a year worth of trades, on the entry side, the GFIs1 trades work well when the stop is below the D-Low or above the D-High. This is of course consistent with a lot of other methods of price action watching.
p

One thought on Friday stops:

If the signal is strong: you may put a 10 point stop because the reversal at 09:30 is often seen.. so the stop is
only decoration anyway.
If the signal is thin (as we had here): you better put a tight stop - here 10 points again - to protect your capital.
When the reversal does not come - it is important to let not 30 points of a normal stop on the table.
As I am not moving stops during a trade this is the moment of careful adjusting the stop BEFORE entering.

We see here that the 10 point stop can be decoration or prevention - on a same trade.

GFIs1

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Old February 17th, 2014, 02:25 AM   #1287 (permalink)
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Monday trade

No trade today - US Presidents Day
The Monday trade is shifted to tomorrow.

GFIs1

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Old February 18th, 2014, 04:22 AM   #1288 (permalink)
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Tuesday trade

Dax short 09:30 to 14:00

entry @ 9651
exit @ 9681
result -30 points (SL)

GFIs1

unfortunately a quick reversal up


Last edited by GFIs1; February 18th, 2014 at 08:50 AM.
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Old February 18th, 2014, 05:46 PM   #1289 (permalink)
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GFIs1 View Post
Dax short 09:30 to 14:00

entry @ 9651
exit @ 9681
result -30 points (SL)

GFIs1

unfortunately a quick reversal up


Nevermind, at least theres a chance we can go short at 09.30 CET for a nice winner? .Wednesday et al

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Old February 18th, 2014, 10:10 PM   #1290 (permalink)
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CPRICE76 View Post
Nevermind, at least theres a chance we can go short at 09.30 CET for a nice winner? .Wednesday et al

Sometimes a stop is hit - this is to prevent from desaster and to protect the investment.
Now the week develops and on Wednesday the normal short is foreseen.
Thanks for following.

GFIs1

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