I was very pleased to start this journal some weeks ago.
It gave me a lot of great input and motivation.
Plus a lot of thanks and replies on futures.io (formerly BMT).
As said - appreciated greatly!
I would be very thankful to get some feedback from followers concerning:
• what did GFIs1' input bring to your personal trading
• which thoughts influenced your trading plan
• is a futures.io (formerly BMT) / twitter input helpful for the future?
A reminder to look at some old ideas again. I don't trade the Dax and I do not trade mechanically but using some probabilities might help.
Most I'm interested whether there is a relationship between day of the week and the day having its low first and then move to its high and vice versa. Or whether a certain number of up/down days implies a reversal.
Currently I have not collected enough data. Doing so manually is cumbersome and error prone. Have to - at least partially - automate it.
I'm also looking at the duration of the cycles from high to high and so on.
But all of this has a low priority. If Eastern is cold and rainy - I'll see.
Currently I use the simplest and most effective assumptions of all: just assume that the next day is of the same type as the current one. Or: the trend is your friend - until it changes.
The following user says Thank You to FGBL07 for this post:
There are many relationships of day of the week and similar movements as I could see from my statistics.
The most obvious is the wednesday where about 95% of the "second wave" are a short.
Can only encourage to find more of these patterns within the weekdays.
As I stated in earlier posts there are some special obvious patterns on the last of a week, month or triple
witch - which give normally some very good results.
Thanks for the input and the trend following trading idea
The following user says Thank You to GFIs1 for this post: