GFIs1 1 DAX trade per day journal (Page 186) - Trading Journals | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Trading Journals


GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:262,902 / 2,760
Last Reply:6 Hours Ago (09:49 AM) Attachments:173

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike
     

Reply
 173  
 
Thread Tools Search this Thread

GFIs1 1 DAX trade per day journal

Old February 9th, 2015, 07:30 PM   #1851 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received


JohnS View Post
Hi @GFIs1,
Good job today! Question, what time frame do you use for IB?

Good Trades,
JohnS


Hi John
I am using 30 minute bars.
All trade entries and exits are on this timeframe.

GFIs1

Reply With Quote
     
The following user says Thank You to GFIs1 for this post:
     

Old February 10th, 2015, 03:54 AM   #1852 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received


GFIs1 View Post
Dax short 11:30 to 15:30

STOPPED the trade before taking it
11:27 some bigger players jumped in and pushed price in ONE minute with 2286 contracts
from 10823 to 10875.. (52 points)
not a normal price development.
A descriptive post of this will follow.

Here is the chart. This was the moment a normal trade with rule and direction was no longer valid.
In the Dax this is a rare occurence. Watching small details can omit some losses if done properly though.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



GFIs1

Reply With Quote
     
The following 2 users say Thank You to GFIs1 for this post:
     

Old February 10th, 2015, 04:24 AM   #1853 (permalink)
Market Wizard
Blacksburg, Virginia
 
Futures Experience: Beginner
Platform: TWS, Sierra Chart
Broker/Data: IB, SierraCharts data
Favorite Futures: mini FDAX, ES, GC
 
Posts: 740 since Oct 2014
Thanks: 8,967 given, 1,501 received



GFIs1 View Post
Hi John
I am using 30 minute bars.
All trade entries and exits are on this timeframe.

GFIs1

Hi @GFIs1,
My question was not clear so let me re-phrase my question, what is the duration for initial balance for the dax? 0800 till 0900 or 0900 till 0930? I would assume from 0900 till 0930 so that there is balance once the underlying start trading.

Good Trades,
JohnS

Reply With Quote
     

Old February 10th, 2015, 04:31 AM   #1854 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received


JohnS View Post
Hi @GFIs1,
My question was not clear so let me re-phrase my question, what is the duration for initial balance for the dax? 0800 till 0900 or 0900 till 0930? I would assume from 0900 till 0930 so that there is balance once the underlying start trading.

Good Trades,
JohnS

All my rules and trades are connected with the cash hours (09:00 to 17:30).
So the initial balance IB I am using is from 09:00 to 09:30 - correct!
From there the very first trade can start the earliest.
Latest exit is after my rules 16:30.
The time before and after cash hours are not of interest as the volumes are
most of the time low and some market participants can move the price
unpredictible.
This thread is about a pattern which is different for every weekday.
Volume, Hi/Lo of previous day etc. are all exclusively calculated on cash
hour data. Hope this helps.

GFIs1

Reply With Quote
     
The following 3 users say Thank You to GFIs1 for this post:
     

Old February 10th, 2015, 11:20 AM   #1855 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received

Wednesday trade

Futures Edge on FIO
..can not happen!
Hi/Lo today (until 16:15h) was 299 points.
And volume in ONE 30min candle today was 13802 contracts (!)
Looks like out of any normal situation.

Anyway we might see a new "Wiener Walzer" again tomorrow?
Just be aware.

Then next Friday: be alerted that next Monday will be a US holiday.
This makes things delicate. Of course there will be a normal trade
if Thursday is reacting normally.

GFIs1

Reply With Quote
     
The following 3 users say Thank You to GFIs1 for this post:
     

Old February 12th, 2015, 06:07 AM   #1856 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 5 since Feb 2015
Thanks: 15 given, 3 received

Hi!

How do you determine the stop and profit target?

DAX is quit volatile, do we need to use a wide stop? What is your risk/reward ratio?

BTW do you also trade stoxx50 or other futures?

Reply With Quote
     
The following user says Thank You to haochik for this post:
     

Old February 12th, 2015, 06:13 AM   #1857 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received


haochik View Post
Hi!

How do you determine the stop and profit target?

DAX is quit volatile, do we need to use a wide stop? What is your risk/reward ratio?

BTW do you also trade stoxx50 or other futures?


Hi @haochik
There is no profit target - but ONE defined exit time - every one on the exact 30 minute during cash hours.
The stop is 30 points. Not changing normally. Only in difficult rare moments.
I have never calculated a rr ratio. Look at the posts here in this thread at the end of the year. You can see the results.
The Dax is the only instrument I trade.

GFIs1

Reply With Quote
     
The following 2 users say Thank You to GFIs1 for this post:
     

Old February 12th, 2015, 06:48 AM   #1858 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Futures
 
Posts: 5 since Feb 2015
Thanks: 15 given, 3 received

Thank for your reply.

I haven't read all the posts, but I am interested to know what is biggest loss and gain (in one trade) you have experienced in trading DAX.


Last edited by haochik; February 12th, 2015 at 07:03 AM.
Reply With Quote
     

Old February 12th, 2015, 07:11 AM   #1859 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received


haochik View Post
Thank for your reply.

I haven't read all the posts, but I am interested to know what is biggest loss and gain (in one trade) you have experienced in trading DAX.

I quickly checked the posted numbers:
Max drawdown was 40 points minus. This was a test to see how stops at 30, 33 and 40 points
will get us - this was over 3 and a halve year of system.
My best trade was 193 points in one trade: 15th october 2014 - just check it here in the journal.

GFIs1

just to point out: a trade HERE is only within ONE day during cash hours - never over night!


Last edited by GFIs1; February 12th, 2015 at 07:34 AM.
Reply With Quote
     
The following 2 users say Thank You to GFIs1 for this post:
     

Old February 12th, 2015, 08:07 AM   #1860 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,551 since Feb 2012
Thanks: 3,083 given, 6,180 received


The best Dax win trade in this journal is here:
https://futures.io/trading-journals/17862-gfis1-1-dax-trade-per-day-journal-166.html#post443564

Good trades
GFIs1

Reply With Quote
     
The following user says Thank You to GFIs1 for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Trading Journals > GFIs1 1 DAX trade per day journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
DTs Day Type Journal DionysusToast The Elite Circle 49 August 17th, 2015 11:13 PM
Journal of a Nifty Day Trader psb1967 Trading Journals 11 February 7th, 2014 09:22 AM
10% per day, video journal Ryanb Elite Trading Journals 80 March 3rd, 2013 03:25 AM
Emini's Swing trade v day trade kctpac Index Futures Trading 0 March 1st, 2011 10:32 AM
Using DAX to trade the ES - better than volume trendisyourfriend The Elite Circle 40 July 13th, 2010 12:31 PM


All times are GMT -4. The time now is 04:22 PM.

Copyright © 2016 by futures.io. All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
 
no new posts

Page generated 2016-12-04 in 0.13 seconds with 20 queries on phoenix via your IP 54.161.208.7