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

  #1621 (permalink)
Trading Apprentice
melbourne victoria australia
 
Futures Experience: Intermediate
Platform: CQG, IG
Favorite Futures: DAX
 
Posts: 2 since Jun 2014
Thanks: 0 given, 0 received

Hi GFIs1

Firstly I would love to congratulate you on your level of consistency that you have shown with your trades... something I aspire to.
I have been trading the DAX myself for the last 4 years and have grown to enjoy trading it (well sometimes I don't).
I have been making points but not to the level that you are achieving.

What really impresses me is how you consistently seem to handle all the market moves... I find this very hard to do. I still find myself changing the way I trade depending on the outcome of my last couple of trades... I try not to do this, but I still haven't got there yet.

I have a question regarding how you calculate your stops, or how you move them etc...

For me I lock in a 16 point stop and that is set...

It seems that most of your trades have a 15 point stop sometimes 30? or maybe 20.
With your last trade I thought your stop would definitely be hit... so my question is how did you handle your stop?

Cheers
Stu

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  #1622 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
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Posts: 4,129 since Feb 2012
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stuartr View Post
Hi GFIs1

I have a question regarding how you calculate your stops, or how you move them etc...

For me I lock in a 16 point stop and that is set...

It seems that most of your trades have a 15 point stop sometimes 30? or maybe 20.
With your last trade I thought your stop would definitely be hit... so my question is how did you handle your stop?

Cheers
Stu

Good Morning Stu
My stops have two aspects - I am using normally a 30 point stop - in insecure phases a 15 point one.
The insecurity is often announced with the trade - or even for weeks as "price is in daily Kumo" as example.
But there can be adjustments to important levels:
The levels xx12, xx33, xx66 as well as xx96 levels are often places as turning points and are more often touched
than other levels in the Dax. Therefore I may adjust the stop according to the entry level of the start of the trade.
Yesterday I had set a stop to 20 points on a account that had not much margin. This was due to the point that xx66
level was too near to the 15 point stop. Unfortunately the 20 point stop was hit then...

Hope this helps
GFIs1

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  #1623 (permalink)
Trading Apprentice
melbourne victoria australia
 
Futures Experience: Intermediate
Platform: CQG, IG
Favorite Futures: DAX
 
Posts: 2 since Jun 2014
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GFIs1 View Post
Dax long 10:30 to 13:30

entry @ 9783
exit @ 9806
result 23 points

IB vol ok

GFIs1


GFIs1 View Post
Unfortunately the 20 point stop was hit then...

GFIs1

Hi again

Thanks for the quick reply, but not sure if you lost 20 points or made 23 points?

Cheers
Stu

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  #1624 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,129 since Feb 2012
Thanks: 3,780 given, 7,656 received
Forum Reputation: Legendary


stuartr View Post
Hi again

Thanks for the quick reply, but not sure if you lost 20 points or made 23 points?

Cheers
Stu

On the one account with a smaller SL I lost with the 20 point stoploss 20 points.
On all others where I had 30 points SL as the new contract started the "normal" week
I won 23 points which is documented here.

Good trades
GFIs1

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  #1625 (permalink)
Market Wizard
Switzerland
 
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Posts: 4,129 since Feb 2012
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Wednesday preview

We had two short days in series. Now Wednesday normally is a turning point:
Some long tomorrow is highly possible - before eventually the down trend may be continued.
As today a Hi/Lo of 147 points occured - we are still in the run.
Looking forward to tomorrow's long (which will be time restricted of course).

GFIs1

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  #1626 (permalink)
Market Wizard
Switzerland
 
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No wednesday trade

Due to conflicting rules this morning has no trade.

Have good trades
GFIs1

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  #1627 (permalink)
Market Wizard
Switzerland
 
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Friday trade

Yesterday the day range was 228 points. Far more than a normal day.
Interestingly the high volume days were Tuesday and Thursday (126K and 141K contracts in the Dax future).
Of course the highest ranges were on those two days and not on Monday, Wednesday - probably not today.
We find the price now on daily cloud support (9480). For a crossing of the cloud it is some days too early.

Today no GFIs1 trade as vola range yesterday exceeded limit.

Don't forget today 14:30 US BIP 2nd quarter - might shake again

GFIs1

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  #1628 (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: 46,240 since Jun 2009
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Nice job journaling @GFIs1.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:

https://futures.io/feedback-announcements/33355-october-trading-journal-contest-w-prizes.html

That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

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  #1629 (permalink)
Market Wizard
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Big Mike View Post

Great idea @Big Mike - thanks for starting!
Hope the members here will vote like crazy :-)
Will be interesting to see some feedbacks more - especially on all the different journals!
Have a great weekend

GFIs1

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The following 2 users say Thank You to GFIs1 for this post:
 
  #1630 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,129 since Feb 2012
Thanks: 3,780 given, 7,656 received
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GFIs1 View Post
Yesterday the day range was 228 points. Far more than a normal day.
Interestingly the high volume days were Tuesday and Thursday (126K and 141K contracts in the Dax future).
Of course the highest ranges were on those two days and not on Monday, Wednesday - probably not today.
We find the price now on daily cloud support (9480). For a crossing of the cloud it is some days too early.

Today no GFIs1 trade as vola range yesterday exceeded limit.

Don't forget today 14:30 US BIP 2nd quarter - might shake again

GFIs1

so the movement was really not there - only sideways - and price closed above supported daily cloud as previewed.

GFIs1

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