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

  #1851 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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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

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  #1852 (permalink)
Market Wizard
Switzerland
 
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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 This was the moment a normal trade with rule and direction was no longer valid.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

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  #1853 (permalink)
Elite Member
Bamberg, Germany
 
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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

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  #1854 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Favorite Futures: Futures
 
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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

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  #1855 (permalink)
Market Wizard
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Wednesday trade

..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

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  #1856 (permalink)
Trading Apprentice
London
 
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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?

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  #1857 (permalink)
Market Wizard
Switzerland
 
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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

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  #1858 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
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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 06:03 AM.
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  #1859 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,996 since Feb 2012
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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 06:34 AM.
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  #1860 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Posts: 3,996 since Feb 2012
Thanks: 3,701 given, 7,406 received
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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

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