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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

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GFIs1 1 DAX trade per day journal

Old November 12th, 2014, 11:29 AM   #1701 (permalink)
Trading for Fun
LONDON
 
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Platform: ninja
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GFIs1 View Post
Today's call was clear - the stop of 30 points my optimized maximum.
It had been hit! By FIVE points!
Obviously some bigger players made that tremendous pullback in the
midst of the morning which triggered exactly that stop too.
Stepping out at 15:30 when price ended @ 9204 (+81 points if stop would not
be sitting within 30 points)... gave instead a MINUS (stoploss) of 30 points...

THAT IS TRADING

No need to change any rule here as that is part of the game.
The rules are optimized too to press the most points out of every day.

GFIs1

The reason what pushed FDAX higher was the release af the Bank Of England inflation report.This is the danger of holding positions through economic releases. Some times it pays of ( ie you held a short going in to IFO the other week ) and sometimes it does not pay off ( Like today and the BOE Report ).

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Old November 15th, 2014, 04:36 AM   #1702 (permalink)
Market Wizard
Switzerland
 
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Week 46 result

This week had 2 trades:

one positive +19 points
one negative -30 points (SL)
weekly result -11 points
Points since week 2: 1137

GFIs1

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Old November 15th, 2014, 11:59 AM   #1703 (permalink)
Elite Member
Pattaya Thailand
 
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GFIs1 View Post
This week had 2 trades:
Points since week 2: 1137

GFIs1

--------------------------------------------------------------------------------

GFI

I am a very respectful follower from you but do not follow you in the trade practice. I do it my way )
BUT! I follow the 3 years of your trades with all the fascinating answers and helpful critics.
And you are very very helpful in my trading.

I wonder now If you have to follow your rules so strictly:
It can be sometimes very attractive to start for example 10 min. before that 9.30=IB or wait 10 min (or more) after 9.30 or whatever your start time is. Depending on what is going on!
Also it looks to me sometimes very attractive to stop a trade earlier then given
because the profit is on that moment attractive high. So waiting till given time
will 90% sure give a lower result. Even if the stop is 2 hours earlier. So what!

In fact this changes in the margin don,t change your rules.
Only the use of the rules more flexible.
It is the same as that sometimes the tuesday or thursday is attractive as a
predictable day next to the now used Mon/Wed/Fri. Use them sometimes if they look attractive!

And then last but the least:
Last 12 of nov you had a painful almost sadistic loss day what had to be a
comfortable win! You are of course completely right to say: "That is trading"
BUT! Knowing that the "Big Players" like to shake us out by going a while the opposite way and you on that day have strong facts for a bearish day can put "That Day" the stop 10-15 higher. Yes it can bring you that 15 pts loss extra! But the probability will give you over maximum 10-15 times a year that this happens a positive result.

I want to congratulate you already for this 2014 result.
It will NOT Go down the 1000 even with a lot of bad luck. I am sure )
Fantastic to see you have a third consistent year with your GFI-way.
Happy with your existence on this threat and your willingness to share it.

Mokum in Thailand (already 15 years)

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Old November 15th, 2014, 01:08 PM   #1704 (permalink)
Market Wizard
Switzerland
 
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Strictly rules

Hi @mokum

Thank you very much for following the thread: you are a early adopter.
You are totally right about your findings!
Now:
Even it seems that this thread is about "Daytrading!" it is NOT.
I was searching for a profitable system that will give in high probable
moments some points.
With NO surveillance and with no interventions and with no rule exceptions.
Thus my trades are programmed and taken @ market at the indicated times.
Everyone can read in the 30min chart the open or close - and that are my
trades too - exactly there.
I am only deciding in the morning after seing the bigger picture how my
stop will stay. The rest is then following the rules and I am not even sitting
at my screen.. therefore sometimes late response after a trade was stopped out
or the end of the trade (also programmed to the second) has taken place.
In fact this maybe archaic approach had worked in shaky situations the same
as in calm moments. Of course there are weeks or months that are not
to compare with the year before - but the final yearly result is quite stable
over these 3 years.
That quite simple approach gives me a lot of free time to work on other
projects - and it is the best for the nerves, health and for NOT being involved
in the markets all the time.
My personal experience to take trades at other times than the system indicated
was not more successful and fixed tons of potential free minutes to plan other pleasures.
The only thing not covered in this thread is the stacking up, risk and money control
with more than one contract etc. This is well thought through: Only trading one
contract all the weeks and months are finally to compare over the years.
We have arrived finally at 3 years of data now.
For sure there are tons of possible optimization points to think of - I will maybe
make some small changes concerning Tuesday and Thursday rallies.
At last: the working system is not bad to let it cruise on semi automate. Some
short preparation in the morning is the core work. As PARETO said with his
20/80 rule: Most optimized!
Feel free to comment this and ask more - it is one of the MAIN trader's concern
to go full 100% in daytrading or to do it only while the markets are moving
sort of predictable.

GFIs1

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Old November 15th, 2014, 01:54 PM   #1705 (permalink)
Mate
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Futures Edge on FIO

GFIs1 View Post
My personal experience to take trades at other times than the system indicated
was not more successful and fixed tons of potential free minutes to plan other pleasures.
The only thing not covered in this thread is the stacking up, risk and money control
with more than one contract etc. This is well thought through: Only trading one
contract all the weeks and months are finally to compare over the years.
We have arrived finally at 3 years of data now.
For sure there are tons of possible optimization points to think of - I will maybe
make some small changes concerning Tuesday and Thursday rallies.
At last: the working system is not bad to let it cruise on semi automate. Some
short preparation in the morning is the core work. As PARETO said with his
20/80 rule: Most optimized!
Feel free to comment this and ask more - it is one of the MAIN trader's concern
to go full 100% in daytrading or to do it only while the markets are moving
sort of predictable.

GFIs1

I agree with not overoptimalize everything. Have the same simple rules. Sometimes working sometimes took out by a tick, but make a overoptmalize system means betting the historical. The key here as you told, the 10 minutes prep, to see the big picture, and not about to right or wrong by 1-2 tick... Yes it could be hurtfull, but at the end working out perfectly. So I take my vote to keep the view, attach some mover if you think it is useful, but do not break the concept (I do know you don't want to ... )

offtopic:
I am saying this, because I am almost doing the same. If I right, I am right, and I am happy with it (If I am wrong, the day trading part is coming ) but every time, when I tried to overthink entries, or find all the winners, best winners etc... I always failed in numbers instead of consistency...

Máté
Full time traderLive journal here
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Old November 15th, 2014, 02:03 PM   #1706 (permalink)
Market Wizard
Switzerland
 
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Favorite Futures: Futures
 
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matevisky View Post
but do not break the concept (I do know you don't want to ... )

..exactly @matevisky!
The main experience is: you NEVER can pick the bottom to buy and the top to sell...
So taking out important points in a previewed trend IS the life vest in this game!
Even some months of sideways in the money account have to be sit out -
and some few movers let you progress in no time after.

Have a great weekend and enjoy
GFIs1

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Old November 15th, 2014, 02:41 PM   #1707 (permalink)
Trading for Fun
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Favorite Futures: cl
 
Posts: 88 since Apr 2013
Thanks: 108 given, 32 received


GFIs1 View Post
Hi @mokum

Thank you very much for following the thread: you are a early adopter.
You are totally right about your findings!
Now:
Even it seems that this thread is about "Daytrading!" it is NOT.
I was searching for a profitable system that will give in high probable
moments some points.
With NO surveillance and with no interventions and with no rule exceptions.
Thus my trades are programmed and taken @ market at the indicated times.
Everyone can read in the 30min chart the open or close - and that are my
trades too - exactly there.
I am only deciding in the morning after seing the bigger picture how my
stop will stay. The rest is then following the rules and I am not even sitting
at my screen.. therefore sometimes late response after a trade was stopped out
or the end of the trade (also programmed to the second) has taken place.
In fact this maybe archaic approach had worked in shaky situations the same
as in calm moments. Of course there are weeks or months that are not
to compare with the year before - but the final yearly result is quite stable
over these 3 years.
That quite simple approach gives me a lot of free time to work on other
projects - and it is the best for the nerves, health and for NOT being involved
in the markets all the time.
My personal experience to take trades at other times than the system indicated
was not more successful and fixed tons of potential free minutes to plan other pleasures.
The only thing not covered in this thread is the stacking up, risk and money control
with more than one contract etc. This is well thought through: Only trading one
contract all the weeks and months are finally to compare over the years.
We have arrived finally at 3 years of data now.
For sure there are tons of possible optimization points to think of - I will maybe
make some small changes concerning Tuesday and Thursday rallies.
At last: the working system is not bad to let it cruise on semi automate. Some
short preparation in the morning is the core work. As PARETO said with his
20/80 rule: Most optimized!
Feel free to comment this and ask more - it is one of the MAIN trader's concern
to go full 100% in daytrading or to do it only while the markets are moving
sort of predictable.

GFIs1

Nice reply.

You must have ALOT of free time on your hands during the day/ What do u do during the day as you have so much free time if not trading??
Thanks

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Old November 15th, 2014, 03:32 PM   #1708 (permalink)
Elite member
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Platform: NT
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Thanks: 85 given, 162 received

Hi GFIs1,

Nice thread and very good results over 2 or 3 years.

I have a couple of questions, apologies if you have answered these many times before.

1. As your target is time based, Have you worked out your average risk reward ratio?

2. What tools do you use in your morning analysis before your trade placement?

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Old November 16th, 2014, 03:06 AM   #1709 (permalink)
Elite Member
Pattaya Thailand
 
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pvlee View Post
Hi GFIs1,

Nice thread and very good results over 2 or 3 years.
I have a couple of questions, apologies if you have answered these many times before.
1. As your target is time based, Have you worked out your average risk reward ratio?
2. What tools do you use in your morning analysis before your trade placement?

Hello pvlee

you,re right if you apologized that this kind of questions you should not do.
Especially because almost everything of what GFI is doing you can find at the very beginning
of this thread (first page, include the rules!)
I read the whole thread on 2 long sundays and it was really worthwhile.

It costs you maybe 15 min or less to do that and it brings you triple )
You can also follow some very useful webinars on video from FT71 (futurestrader71)

Mokum

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Old November 16th, 2014, 03:47 AM   #1710 (permalink)
Elite Member
Pattaya Thailand
 
Futures Experience: Intermediate
Platform: Sierra
Broker/Data: IG
Favorite Futures: Futures
 
Posts: 25 since Aug 2013
Thanks: 245 given, 20 received



GFIs1 View Post
Hi @mokum
Feel free to comment this and ask more - it is one of the MAIN trader's concern
to go full 100% in daytrading or to do it only while the markets are moving
sort of predictable.

GFIs1


GFI

You,re answer did me blushing.
At first because i saw you,re trading as daytrading and that makes it different
to approach and to understand. So it,s NOT!
Also Matevisky confirmed that by saying : " If I am wrong, the day trading part is coming "
Secondly because you,re way of thinking with "us" and answering some questions are really good.

I like to sit behind my 4 screens and look to what is happening in the world with a tweetdeck and stocktwits following others and with the economic agenda (MT5 and/or Forexfactory) waiting for the unexpected.
Daytrading Dax, CL, ES and sometimes a currency (like we had last weeks JPY) gives you many daytrades to step in and mostly quick out.
BUT: It is stressy and brings not that result you,re hoping for.
So another way with consistency is yours. That,s the complete opposite and reasons to step over.

I also want to thank Matevisky for his reaction.
To be honest i had the impression that he, like me, worked
similar like you do, but changing some of your rules to his own. Like me)
But his answer is confirming that it doesn,t bring more to change
the rules within their margins.

And then a private question (similar to Cprice) what i normally no like to do and will accept
a refusal for the fully 100%
Do you use the time outside of this GFI trades for other trading activities or are
you a life lover in the broadest sense of the word?
The most positive of this GFI prediction trading is that it takes away almost every stress and gives you free time!

i saw you reacting on your 2013 and 2014 results that 2014 was different:
"Last year the results were much smoother over time - this year the summer brought some long thirst time to be interrupted suddenly by a sharp gain."
Yes it was, but to use some of the many rules from FT71:
"one of the most important rules about the results is the : Irregularity!"

Mokum


Last edited by mokum; November 16th, 2014 at 04:26 AM.
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