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

  #1831 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Draghi's announcement today - not tomorrow

Obviously Draghi has let out his mice for dancing....
ECB Seeks to Inject 50 Billion Euros a Month Into Economy to Stave Off Deflation; Up to 1.1 Trillion Euros - Bloomberg

So markets are shaking again -> to the upside of course.
I have a test drive here to get some points out of this insane move:
https://futures.io/trading-journals/34280-gfis1-highvola-dax-journal-7.html#post468139

GFIs1

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  #1832 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
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GFIs1 View Post
Obviously Draghi has let out his mice for dancing....
ECB Seeks to Inject 50 Billion Euros a Month Into Economy to Stave Off Deflation; Up to 1.1 Trillion Euros - Bloomberg

So markets are shaking again -> to the upside of course.
I have a test drive here to get some points out of this insane move:
https://futures.io/trading-journals/34280-gfis1-highvola-dax-journal-7.html#post468139

GFIs1

Hi

Do you have any idea or suggestion how to react on it personally? I think euro has a potential to go down quite a lot still but going long US dollar is quite dangerous already. I can think of going long gold versus the euro as a protection hedge. Or maybe just buying DAX index and leaving it for some time?

Trade to live. Not live to trade.
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  #1833 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Posts: 3,889 since Feb 2012
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Friday trade


..was skipped due to the open tsunami Draghi had made public yesterday.
Range was too high for a today trade. New ATH's were nearly assured.
Now the moment could come where some bigger players cashin in some parts.
Next week maybe.
Looking at Ichimoku cloud of the daily: cloud support is shrinking again.
A good sign that the air up there is very thin.
Looking to monday for a next normal trade.

GFIs1

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  #1834 (permalink)
Market Wizard
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xelaar View Post
Hi

Do you have any idea or suggestion how to react on it personally? I think euro has a potential to go down quite a lot still but going long US dollar is quite dangerous already. I can think of going long gold versus the euro as a protection hedge. Or maybe just buying DAX index and leaving it for some time?

Thanks Alex for the question: my personal meaning about forex is quite negative. But not only in these days but
always.
You can not see the real volume in forex markets.
Some very big players move pairs around - especially in lower volume time of the day and can make hard and
unforeseen moves.
Trading and intraday trading (as the Dax) means currency moves out there do not have a mortal impact on companies.
Thus pricing of the futures of a basket of companies can not make this roller coaster as currency pairs do.
So I am playing in high risk instruments (with not so big leverage). Playing the forex game can be tempting but
it is not very foreseeable.
As a personal recommendation: Stay out of any market if you feel not ready to see "known patterns" or business
as usual. In these volatile times a lot of small market participants are driven out of the game. If they were burned
to strongly they will never come back.

Have a great weekend
GFIs1

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  #1835 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,516 since Feb 2013
Thanks: 1,734 given, 2,592 received


GFIs1 View Post
Thanks Alex for the question: my personal meaning about forex is quite negative. But not only in these days but
always.
You can not see the real volume in forex markets.
Some very big players move pairs around - especially in lower volume time of the day and can make hard and
unforeseen moves.
Trading and intraday trading (as the Dax) means currency moves out there do not have a mortal impact on companies.
Thus pricing of the futures of a basket of companies can not make this roller coaster as currency pairs do.
So I am playing in high risk instruments (with not so big leverage). Playing the forex game can be tempting but
it is not very foreseeable.
As a personal recommendation: Stay out of any market if you feel not ready to see "known patterns" or business
as usual. In these volatile times a lot of small market participants are driven out of the game. If they were burned
to strongly they will never come back.

Have a great weekend
GFIs1

Well, I basically meant long-term hedging strategy, not intra-day trading or even swing or medium term trading in forex and gold. But probably Euro is the least of your worries, given that Franc is pointing to the sky, so pardon me for this intrusion!

Trade to live. Not live to trade.
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  #1836 (permalink)
Market Wizard
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Week 4 result

This week had one trade (wednesday)

Weekly result 64 points
Points since week 2 plus 34 points

GFIs1

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  #1837 (permalink)
Market Wizard
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xelaar View Post
Well, I basically meant long-term hedging strategy, not intra-day trading or even swing or medium term trading in forex and gold. But probably Euro is the least of your worries, given that Franc is pointing to the sky, so pardon me for this intrusion!

Well - it is not bad to think about every investment in local currency versus trading in a different currency.
So a hedge to the CHF (in my case) of the total amount of the traded EUR futures can be interesting.
As it is a hassle to trade on different accounts and to manage all of them with a individual hedging..
I prefer it the easy way and forget about the currency.

GFIs1

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  #1838 (permalink)
Market Wizard
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Monday trade

No trade today as Friday had 207 point range.

A possible WW is developing - so lets follow there.

GFIs1

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  #1839 (permalink)
Market Wizard
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Wednesday trade

No trade on Wednesday - Tuesday had range of 220 points..

GFIs1

Be AWARE: FED announcement tonight 20:00


Last edited by GFIs1; January 28th, 2015 at 04:20 AM.
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  #1840 (permalink)
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GFIs1 View Post
No trade on Wednesday - Tuesday had range of 220 points..

GFIs1


I think you may have to adjust your rules as the daily range is going to get alot higher due to grinding higher- eg like the Dow.

The daily range is only going to get more as we go higher

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