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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #141 (permalink)
Market Wizard
Switzerland
 
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Diamond trade exit


GFIs1 View Post
Today's chop chop in the DAX does not really help to see the trend.
There is (see chart) this moment building up a nice Diamond.. This should happen in the pink oval...
In our case as daily price is in the red (short) Kumo - I expect
some down movement by tomorrow afternoon.
GFIs1

Now that we have seen the movements in / out the diamond there is a nice pic (see attachment).
Price was dancing around our pink oval - and is still heading down as discussed above.

Will give a Elliott explanation from moves within the diamond to see where the next bars were
heading to... in the next post.

GFIs1

PS: Friday trade was positive - and exited before US numbers...
still expecting a down move til' end of week - but now on the secured side.

Attached Thumbnails
GFIs1 1 DAX trade per day journal-triangle2.jpg  
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  #142 (permalink)
Market Wizard
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Broker/Data: IB / DTN
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Posts: 3,870 since Feb 2012
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Diamond final view

Expectation from Thursday building first a triangle to get at last a full diamond
(blue lines in the chart) was fulfilled with a steep downmove on Friday to the lower
diamond line as support.
Very interesting chart pattern which underlined the short preview for Friday.
This gave some positive gains - if played into the end of day - a great trade.
Have noted in the chart my system entry and exit for Friday. The rules did not
allow to stay in the trade when US starts - so the exit was for that time ok.
Discretionary traders might have traded this one till the end of day. The result
for the discretionary trade is 218 points versus the 38 points the system trade
gave.

Of course the main problem is to "see" that pattern as it develops...
After everything is in place - the pattern is easy to extract from the chart.

Hope to have given some insight live this week.

GFIs1

Attached Thumbnails
GFIs1 1 DAX trade per day journal-diamondfinal.jpg  

Last edited by GFIs1; April 13th, 2012 at 09:41 PM.
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  #143 (permalink)
Market Wizard
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Diamond and discretionary trading


Here I finish the examination of diamonds and put some short Elliott counting in effect
to profit from a chop chop day as Thursday looked on first sight plus a heavy push down
in one trade on Friday.

In the attached chart I marked at the high point of the diamond a
1 -> first trade short to
2 -> reverse to long to
3 -> reverse to short etc. to 5

At this point price is moving out the diamond shape to build a false long breakout.
From there price is coming back to the pink circle and heading down south as
shown in the last post.

GFIs1

Attached Thumbnails
GFIs1 1 DAX trade per day journal-diamondcounting.png  
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  #144 (permalink)
Market Wizard
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Week 15 result

Four GFIs1 trades possible this week - missed the Tuesday trade to announce

Three trades done
two trades ended negative (one of them hit SL)
one trade positive

Total of the week plus 1 point.

Normal 5 day weeks lay ahead.

GFIs1

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  #145 (permalink)
Market Wizard
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Monday trade

DAX long from 10:00 to 12:30

entry @ 6578

exit @ 6642

result plus 64 points

GFIs1


Last edited by GFIs1; April 16th, 2012 at 06:52 AM.
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  #146 (permalink)
Market Wizard
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Not easy to find a PREVIEW

.. but here it is:

https://futures.io/traders-hideout/19279-tomorrows-chart-4.html

discuss the probabilities

GFIs1


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  #147 (permalink)
Market Wizard
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Tuesday trade

DAX long from 10:00 to 11:30

entry @ 6670

exit @ 6702

result plus 32 points

GFIs1


Last edited by GFIs1; April 17th, 2012 at 05:34 AM.
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  #148 (permalink)
Market Wizard
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DAX where to go now?

After two long days a wednesday short seems to likely to come and to be appropriate
following our weekday patterns plus following GFIs1 mechanical system.
Today the VPOC of 6699 had been reached again.
Daily price is still in the red Kumo - which underlines a overall
short movement which has not ended yet.

You may follow the daily preview in the thread: tomorrows chart

Happy trades

GFIs1

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  #149 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Posts: 3,870 since Feb 2012
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Wednesday trade

Tuesday ended with a rally up which gave more than 150 points range.
As GFIs1 Dax rule does not allow a system trade after such moves
there is NO trade proposition today.
Normally on wednesdays we can see a retracement from the beginning
of the week - so some short in the Dax is expected (but will not happen
in the fixed plan of the system here).

Good trades!

GFIs1


Last edited by GFIs1; April 18th, 2012 at 08:27 AM.
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  #150 (permalink)
Market Wizard
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Futures Experience: Intermediate
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Posts: 3,870 since Feb 2012
Thanks: 3,552 given, 7,051 received
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Wednesday result


Very happy with today's result.
With normal rule our SL would have been reached (by 3 points overshoot).
So 40 points minus would be the result
With today's no risk trade and no loss the system survived
again.

GFIs1

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