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GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:263,369 / 2,762
Last Reply:5 Hours Ago (04:28 AM) Attachments:173

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GFIs1 1 DAX trade per day journal

Old February 12th, 2015, 09:06 AM   #1861 (permalink)
Trading Apprentice
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GFIs1 View Post
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

Did the 40 points loss bother you?
I means trading DAX can give you lots of ups and downs and the downs can be very devastating.
How did you cope with those losses?

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Old February 12th, 2015, 09:20 AM   #1862 (permalink)
Market Wizard
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haochik View Post
Did the 40 points loss bother you?
I means trading DAX can give you lots of ups and downs and the downs can be very devastating.
How did you cope with those losses?

Winning is winning and losing is losing - does not matter really - it is part of the trading.
As it is as business owner too.
But OPTIMIZING the losers is primordial.
This is a long process depending on your own trading strategy.
My 30 points SL is a result of a lot of trial and error.
But it works like a charm for me..
Setting stops wide enough to not be in the noise and near
enough to not lose a lot is the main thing of "Money Management".
My goals are longterm oriented - so some negative results in a row
do not make me crazy.

GFIs1

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Old February 12th, 2015, 09:35 AM   #1863 (permalink)
Trading Apprentice
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GFIs1 View Post
Winning is winning and losing is losing - does not matter really - it is part of the trading.
As it is as business owner too.
But OPTIMIZING the losers is primordial.
This is a long process depending on your own trading strategy.
My 30 points SL is a result of a lot of trial and error.
But it works like a charm for me..
Setting stops wide enough to not be in the noise and near
enough to not lose a lot is the main thing of "Money Management".
My goals are longterm oriented - so some negative results in a row
do not make me crazy.

GFIs1


I read your post you said you use 30 min chart. If I use shorter timeframes like 1min or 5 min, should I still use 30 points stop? Or use a tighter one?


Last edited by haochik; February 12th, 2015 at 09:51 AM.
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Old February 12th, 2015, 09:44 AM   #1864 (permalink)
Market Wizard
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GFIs1 View Post
Winning is winning and losing is losing - does not matter really - it is part of the trading.
As it is as business owner too.
But OPTIMIZING the losers is primordial.
This is a long process depending on your own trading strategy.
My 30 points SL is a result of a lot of trial and error.
But it works like a charm for me..
Setting stops wide enough to not be in the noise and near
enough to not lose a lot is the main thing of "Money Management".
My goals are longterm oriented - so some negative results in a row
do not make me crazy.

GFIs1

Very, very good statement of what's important.... and I think the principles stated here apply equally to any trading orientation, and any timeframe, just making the appropriate adjustments to fit your own situation.

Bob.

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Old February 12th, 2015, 09:53 AM   #1865 (permalink)
Market Wizard
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haochik View Post
I read your post you said you use 30 min chart. If I use shorter timeframe like 1min or 5 min, should I still use 30 points stop? Or use a tighter one?

This answer is quickly said:
The 30 point stop loss is working for ME. For my system. It has a lot of optimizing process behind.
It does not depend on my timeframe - but depends on my Trading System.
If it works for you is with high probabilty said: NO - it will not!
As I do not know your trading system.
My proposition for you: try to find the best place NEAR the noise but not IN the noise.

Good trades
GFIs1

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Old February 12th, 2015, 09:56 AM   #1866 (permalink)
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GFIs1 View Post
This answer is quickly said:
The 30 point stop loss is working for ME. For my system. It has a lot of optimizing process behind.
It does not depend on my timeframe - but depends on my Trading System.
If it works for you is with high probabilty said: NO - it will not!
As I do not know your trading system.
My proposition for you: try to find the best place NEAR the noise but not IN the noise.

Good trades
GFIs1

Thank! I would try to do it!

I have learned a lot from your post, hope you can keep updating it.

Good trades!

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Old February 13th, 2015, 04:28 AM   #1867 (permalink)
Market Wizard
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Friday trade

Dax long 09:30 to 16:30

entry @ 10979
exit @ 10968
result minus 11 points: was not that pushing

IB vol good

Despite a rally yesterday we try... to kill the 11K edit: 09:38h: 11K!!
Be aware US holiday on Monday.

GFIs1


Last edited by GFIs1; February 13th, 2015 at 12:51 PM.
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Old February 13th, 2015, 01:08 PM   #1868 (permalink)
Market Wizard
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Week 7 results

This week had 2 trades

One positive +31 points
one negative - 11 points
weekly points 20
Points since week 2: 24

GFIs1

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Old February 14th, 2015, 06:57 AM   #1869 (permalink)
Market Wizard
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no Monday trade

because of US holiday

but on Tuesday a normal trade should happen!

Have a great weekend
GFIs1

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Old February 17th, 2015, 04:27 AM   #1870 (permalink)
Market Wizard
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Tuesday trade


Dax short 09:30 to 15:00

entry @ 10791
exit @ 10821
result minus 30 points

IB vol: CAUTION low

GFIs1


Last edited by GFIs1; February 17th, 2015 at 05:54 AM.
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