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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

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  #1801 (permalink)
 GFIs1 
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tturner86 View Post
Sorry @GFIs1, but I looked and can't seem to find the answer. Did you start your contest combine yet?

Hi @tturner86
Unfortunately there is no way to start it for me..
Was talking to different people of TopstepTrader but they have no possibility to let me trade the Dax during the
combine. They say not having the datafeed. But the funded traders do have...
Maybe I have to wait long enough?

Good trades
GFIs1

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 tturner86 
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GFIs1 View Post
Hi @tturner86
Unfortunately there is no way to start it for me..
Was talking to different people of TopstepTrader but they have no possibility to let me trade the Dax during the
combine. They say not having the datafeed. But the funded traders do have...
Maybe I have to wait long enough?

Good trades
GFIs1

Have you thought about trading a different product for the combine?

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  #1803 (permalink)
 GFIs1 
Legendary Market Wizard
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Yes - I thought about it too.
The one thing which is hindering me: I have a system based on patterns in the Dax
that I found over the years. For a different instrument they are not usable.
Plus my time to trade and to invest for a search for patterns in another instrument
is very limited...
..a trader's dilemma

GFIs1

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 GFIs1 
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Too high vola to trade here the normal system trades...
Monday had Hi/Lo of 380 and Tuesday of 358 points in the Dax.
This means for GFIs1 to switch into the other new Dax thread with journal**
- and play the Walzer :-)

As on Friday will be the triple witch and the December contract will end @ 13:00h
I will switch TOMORROW to the march15 future contract.

Good trades!
GFIs1

**

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  #1805 (permalink)
 GFIs1 
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..can not take place - first we have had a high vola week and yesterday's
Hi/Lo during cash hours was 173 points.
So no friday trade :-)
Today triple witch: at 13:00 the Dax december contract will end.
Some bigger moves before that event is very possible.
High volume during IB now in the march contract: > 10K

GFIs1

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 GFIs1 
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This week had no trades.
Too high volatility with very high volume. FED and Triple Witch...

Total points from week 2 to week 51: 1036

GFIs1

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 pvlee 
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Hi GFs1 or other DAX traders,

What are your thoughts on trading the DAX over the Christmas holiday period? I have never traded it over this period before

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 GFIs1 
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pvlee View Post
Hi GFs1 or other DAX traders,

What are your thoughts on trading the DAX over the Christmas holiday period? I have never traded it over this period before

Hi @pvlee
From now until after new year we will have a very low volume period.
My experience about that time: only losses - as some "bigger hands" can shake you out with one wipe.
I recommend to read the futures.io (formerly BMT) posts or some books about trading and let the live show to others.

Happy Christmas
GFIs1

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 mokum 
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Dear Market Wizard GFIs1

I like this appropriate title because you earn it so much.
Thanks for your courage to give us vision, info and trade possibilities.

Wish you a new fantastic year 2015 in your private life with family and wine-activities.
But also new courage to have another winning challenge over our prodigy product the "DAX"

Mokum


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  #1810 (permalink)
 GFIs1 
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Dax short 09:30 to 16:00

entry @ 9910
exit @ 9894
result 16 points

IB ok

With this high risk trade ends a turbulent year in the Dax.
Only some points squeezed out of this undecided long day.
Tomorrow no trade - exchange will close 14:00!

GFIs1

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  #1811 (permalink)
 GFIs1 
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Last week 2014 had one trade

Plus 16 points
Weekly 16 points
Points since week 2: 1052

Happy New Year
and good trades in 2015!

GFIs1

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  #1812 (permalink)
 GFIs1 
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Looking back to 3 years journal

Total points per year - nearly the same...
Tendence - slightly upward

Year 2012: 1015 points
Year 2013: 1030 points
Year 2014: 1052 points

Who was asking about consistency?

Thanks for following.
GFIs1

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 GFIs1 
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Just a look at the crazy 2014...



GFIs1

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 GFIs1 
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Dax halted trading @ 14:00 in Frankfurt.
The Dax future is still traded.

Just for clarification
GFIs1

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 GFIs1 
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Dax short 10:30 to 15:00

entry @ 9733
exit @ 9763 (SL)
result -30 points

IB vol high

GFIs1

Comment: overlooked a rare rule for entry...
this is trading ;-)
Good start into 2015 with many great trades.

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 GFIs1 
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..but
forget to trade with normal psychology on such days!

GFIs1

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 xelaar 
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GFIs1 View Post
..but
forget to trade with normal psychology on such days!

GFIs1

Was it Draghi who made it crash down at 0920 or 1620?

Trade to live. Not live to trade.
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 GFIs1 
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xelaar View Post
Was it Draghi who made it crash down at 0920 or 1620?

It was Draghi in the morning - after a longer article in a online journal..

GFIs1

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  #1819 (permalink)
tomas262
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GFIs1 View Post
Second Thought - Patience

Scenario: As a discretionary trader I start the day trading with a small gain: Bingo! Second try is a medium loss.
Hmmm.. Third trade the stop loss is set tighter now- of course it was hit! Fourth trade I leverage up and there is a big loss.
We have to stop for the day - overtrading. Well known - isn't it?

Not possible for the GFIs1 rule - there is only ONE trade per day. I said one trade (sic!). If the trade is stopped out or ends negative we have to wait for the next day. This is very important for every trader to let the market play it out: Patience and calm down! So we stay in the game.
Point!
Next day - new market - new possibilities. Plus a relaxed beginning to take THE trade as we had in maxima only ONE loss the previous day with a calculated maximum overall risk.

Easy - isn't it? Plan your trade and trade your plan.

(to be continued)

Agent provocateur
GFIs1

PS: with this system even the commissions are easy to summarize

I came up with the same idea because my account went too low and now see the others found it useful too ... just one action per day. New day new picture. Thank to this approach my account survived and I started to finish my months usually nicely profitable. I trade YM.

Good trading :-)

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 GFIs1 
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There will be no Monday trade here because of the 150 point rule.
Friday had Hi/Lo of 200 points...

This let us look at the alternative trading possibility in my other thread (still under test conditions):

Might be interesting to squeeze out some nice points.
Remember: First 30min candle has to reach 50 points Hi/Lo to be counted.

Have a great weekend
GFIs1

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 GFIs1 
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Monday had a Hi/Lo of 296 points (until 16:50h). **
This means a heavy drop and no trades for 2 days.
So we will have a look at the High vola thread.
Before Friday we can not take a normal trade here.
It is always better to sit on hands than see the points
going down the river...

GFIs1

**final move 17:30: 325 points

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 GFIs1 
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The correction time is not yet over. After a first one (mentioned a bit earlier here)
now the second correction is on its way.
A glance at the bigger picture:
From Ichimoku chart we see that today price already dives into daily cloud.
At this place the cloud is NOT thick and the bottom is horizontal. This means
that a cloud crossing seems highly possible.
From that scenario a stronger slip seems to be the response:
From ATH to mid Kumo a slip of 750 points are to count - price 9250.
Another 750 points down which is a normal movement in the Dax Ichimoku
chart - we reach @ 8500.
Looks not bad to see this scenario if price really crosses Kumo within the next 4 to 6
weeks.
Some points out of the real world: low oil price (bottom not reached too), Greece,
yearly company results (bad outlook means tax reducing options), shaking
forex markets etc.

Good trades
GFIs1

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 GFIs1 
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Have a look at Tuesday's positive Wiener Walzer...



Might see another pattern like this today again.
Just be aware of strong moves these days.

GFIs1

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 GFIs1 
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This week had no trade.
Market was shaking very much...
And it was the right decision to sit on hands here.

Points since week 1: -30

GFIs1

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 GFIs1 
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No trade today.. still volatile market.

But in my other thread we see another nice
pattern that worked on friday afternoon.

Good week
GFIs1

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 GFIs1 
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No trade today - yesterday Hi/Lo 194 points...

still shaky market.
Might wait for a Wiener Walzer pattern...

GFIs1


Addition 09:30:
Attention - undecision today. Volume on IB 30 min: 14'021 contracts.
But very little price change.
Be careful

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 GFIs1 
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.. with a never seen 376 point Hi/Lo in the first half day (Cash Hours)
a move that allows us not to trade here on

FRIDAY & MONDAY

under normal circumstances.

Good trades
GFIs1

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 GFIs1 
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This crazy week had no trade.

A lot of money has been evaporated and the markets are still in high alarm mode.
Even some well known brokers were broken this week and are now out of business
or in a desaster mode. Some more will show up with the same problem next week.
Thus: as mentioned earlier it is better to sit on hands than to burn the account.

Points since week 1: -30

GFIs1

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 GFIs1 
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No monday trade - friday daily range was 299 points which stops us until Wednesday.
Maybe a Wiener Walzer?
See other thread when pattern will come up.

GFIs1

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 GFIs1 
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First trade again after a long volatile phase

Dax short 09:30 to 15:30
entry @ 10237
exit @ 10173
result 64 points

IB vol good

ECB Draghi speech expected tomorrow - so careful

GFIs1

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 GFIs1 
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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:


GFIs1

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 xelaar 
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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:


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?

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 GFIs1 
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..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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 GFIs1 
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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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 xelaar 
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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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 GFIs1 
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This week had one trade (wednesday)

Weekly result 64 points
Points since week 2 plus 34 points

GFIs1

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 GFIs1 
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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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 GFIs1 
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No trade today as Friday had 207 point range.

A possible WW is developing - so lets follow there.

GFIs1

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 GFIs1 
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No trade on Wednesday - Tuesday had range of 220 points..

GFIs1

Be AWARE: FED announcement tonight 20:00

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CPRICE76
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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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 GFIs1 
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CPRICE76 View Post
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.

Thanks @CPRICE76
I will adjust range of course when prices will rest on this level.
Maybe the stop loss settings need a brush over too.
This needs some more data though.

GFIs1

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 GFIs1 
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Even the rule to NOT trade today
I followed the adequate wednesday rule to see what would have happened:
entry short 10687, exit 10688: result minus 1 point.
Even that the price made nearly 150 points down to come to nearly the same level

Anything goes in these crazy moves..
Better to stay at the sidelines for sure!

Good trades
GFIs1

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 GFIs1 
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Dax long 9:30 to 14:30

entry @ 10772
exit @ 10742 (SL)
result -30 points

IB vol good

note: last of month, gap to yesterday and friday
gap closed..

GFIs1

Comment 11:55
Was sitting on the false rule combination. Very rare constellation (had only once in 3 years).
But no excuse! This is trading.
For those with shorts: stay in until 14:30 ;-)

Good trades!

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 GFIs1 
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If taken a short within the same time window...
yes - next time we will choose the right rule set
exit @ 14:30 10687 result 85 points. ***

We still can do it better.
Of course this is the start into a new year

Have a great weekend
and never look back

GFIs1

*** will not be counted in the journal

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 GFIs1 
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This week had one trade:

Friday stopped out -30 points
Points since week 2: 4

GFIs1

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 GFIs1 
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can not happen as Friday had high volatility.
Looking forward to Wednesday.

GFIs1

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 GFIs1 
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Dax short 11:30 to 15:30

entry @
exit @
result

IB vol good

GFIs1

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.

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 GFIs1 
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Friday had no trade - was not trading the full day.

This week had no trade though.

Points still week 2: 4

GFIs1

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 GFIs1 
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Difficult weekly start with high volume selling. First 30 minutes had a volume
of 15192.
Dax long 10:00 to 14:00
entry @ 10644
exit @ 10675
result 31 points

IB vol very high
Caution on this roller coaster

GFIs1

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 JohnS 
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GFIs1 View Post
Difficult weekly start with high volume selling. First 30 minutes had a volume
of 15192.
Dax long 10:00 to 14:00
entry @ 10644
exit @ 10675
result 31 points

IB vol very high
Caution on this roller coaster

GFIs1

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

Good Trades,
JohnS

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 GFIs1 
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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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 GFIs1 
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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.




GFIs1

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 JohnS 
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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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 GFIs1 
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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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 GFIs1 
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..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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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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 GFIs1 
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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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haochik
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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.

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 GFIs1 
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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!

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 GFIs1 
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The best Dax win trade in this journal is here:


Good trades
GFIs1

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haochik
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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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 GFIs1 
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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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haochik
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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?

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 bobwest 
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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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 GFIs1 
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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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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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 GFIs1 
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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

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 GFIs1 
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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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 GFIs1 
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because of US holiday

but on Tuesday a normal trade should happen!

Have a great weekend
GFIs1

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 GFIs1 
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Dax short 09:30 to 15:00

entry @ 10791
exit @ 10821
result minus 30 points

IB vol: CAUTION low

GFIs1

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 choke35 
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GFIs1 View Post
Dax short 09:30 to 15:00

entry @
exit @
result

IB vol: CAUTION very low

GFIs1

No comparable opening range today due to technical Eurex problems.
Opening auction at 9.15CET, netting start 20 mins late at 9.20CET.

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 GFIs1 
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choke35 View Post
No comparable opening range today due to technical Eurex problems.
Opening auction at 9.15CET, netting start 20 mins late at 9.20CET.

Thanks @choke35. This is exactly what is meant here: Volume low..
But the direction is very clear.
Good trades

GFIs1

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 GFIs1 
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A test with new previous days limits:
Dax short 10:30 to 13:00

entry @ 10970
exit @ 10966
result 4 points

IB vol ok

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  #1874 (permalink)
 GFIs1 
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Dax long 09:30 to 13:30

entry @ 10974
exit @ 11036
result 62 points

IB vol nearly good

GFIs1

edit 13:06 - WHAT a firework after 13:00h in five minutes
13:00 Open @ 10991, 13:05 @ 11161 = 170 points

13h was small witch day..

edit II: Volume 30 minute from 13:00: measly 23073 contracts

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 JohnS 
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GFIs1 View Post
Dax long 09:30 to 13:30

entry @ 10974
exit @
result

IB vol nearly good

GFIs1

edit 13:06 - WHAT a firework after 13:00h in five minutes :-)

yeah, absolutely crazy!

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 xelaar 
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JohnS View Post
yeah, absolutely crazy!

Nice catch! Feta-flavored market )

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 GFIs1 
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Nice catch! Feta-flavored market )

you only need to stay on the right side of the net

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redgreen
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hi GFI
nice job. was verry close to the stop :-)
I put it too close and stopped out...

what does that jump mean? was this for collecting the stops and now turning down?

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you only need to stay on the right side of the net

GFIs1

Hi,

I watch your journal for some time now.
Following your rules with discipline is a major task.
Also the idea of one trade per day is important, in order to avoid costly overtrading.
The biggest problem (with me at least) is the stop-loss placement. Is it possible for you, when mentioning your entry points, to mention your stop-loss point also? Or do you have fixed stop-loss points? (eg 20 or 30 or 40 points)

Thanks,Alex

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 GFIs1 
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redgreen View Post
hi GFI
nice job. was verry close to the stop :-)
I put it too close and stopped out...

what does that jump mean? was this for collecting the stops and now turning down?

Hi @redgreen
Kleiner Verfall heute 13h..

That made the price balancing around ATH and after witch minute (13:00h) it gave a spike up
in taking a sneak preview on what the financial ministers in Brussels will decide after 16h today
concerning extra money to make the Greeks happy. This all went with extraordinary volume..

Looking forward for more normal markets to come.. 12K and more in Dax with this 0% interest
money will not be astonishing.

GFIs1

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 GFIs1 
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alexk1968 View Post
Hi,

I watch your journal for some time now.
Following your rules with discipline is a major task.
Also the idea of one trade per day is important, in order to avoid costly overtrading.
The biggest problem (with me at least) is the stop-loss placement. Is it possible for you, when mentioning your entry points, to mention your stop-loss point also? Or do you have fixed stop-loss points? (eg 20 or 30 or 40 points)

Thanks,Alex

Hi Alex - thanks! - I have a 30 points stop which should be out of noise..
But it works only with my entry points - this is crucial.

GFIs1

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 JohnS 
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GFIs1 View Post
Dax long 09:30 to 13:30

entry @ 10974
exit @ 11036
result 62 points

IB vol nearly good

GFIs1

edit 13:06 - WHAT a firework after 13:00h in five minutes
13:00 Open @ 10991, 13:05 @ 11161 = 170 points

13h was small witch day..

edit II: Volume 30 minute from 13:00: measly 23073 contracts

Good Job! Have a good weekend!

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 GFIs1 
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This week had 3 trades

The test trade from Tuesday with a 30 point SL
And two positive trades of 4 and 62 points.
Weekly result: 36 points
Points since week 2: 60

GFIs1

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 GFIs1 
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GFIs1
edit 13:06 - WHAT a firework after 13:00h in five minutes
13:00 Open @ 10991, 13:05 @ 11161 = 170 points

13h was small witch day..

edit II: Volume 30 minute from 13:00: measly 23073 contracts

Here the chart of this extraordinary move which took out many (buy) stops of course on the upside.
A very strong volume and a extreme spike in the first five minutes made it not easy to even follow.




My point of view: there will be more such "experiments" like this - so it is best to have hard stops or stay at
the sideline when important political decisions are ahead or some big players are boxing small traders out.

GFIs1

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 GFIs1 
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..because of the rally (215 points intraday) on Friday.
Price needs to find new acceptance in this thin area - but obviously some more bullish moves
are ahead.
Start into this week with good volume. Looking forward on Wednesday.
Depending on some quick news a new Wiener Walzer might come up.

GFIs1

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 GFIs1 
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Dax short 09:30 to 15:30

entry @ 11211
exit @ 11200
result 11 points

IB Vol low

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 xelaar 
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Dax short 09:30 to 15:30

entry @ 11211
exit @
result

IB Vol low

GFIs1

Draghi speech starts at 1530. Caveat emptor.

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 choke35 
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Close to 11CET and volume still below 20k contracts.
Most of the time during the last 5 years, people would have thought this is a typo or a joke ...

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 xelaar 
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choke35 View Post
Close to 11CET and volume still below 20k contracts.
Most of the time during the last 5 years, people would have thought this is a typo or a joke ...

Draghi and Yellen took it Only ECB is buying!

Difficult market to trade, but hey this is what ES has been several years in a row while keep pushing ATHs on little to no volume. Important is not to call tops just because volume is low. It will go on negative volume. Just because Masters of the Universe said so..

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 GFIs1 
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Dax long 09:30 to 16:30

entry @ 11340
exit @ 11347
result 7 points

IB vol good

Last trading in february..

GFIs1

..lame duck until - we got out
and then the new ATHs

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 choke35 
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GFIs1 View Post
Dax long 09:30 to 16:30

entry @ 11340
exit @
result

IB vol good

Last trading in february..

GFIs1

11340 is a tough entry, but rule is rule ...
For the first time since days the Euwax DAX herd is (moderately) long:



A bad omen?

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 GFIs1 
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11340 is a tough entry, but rule is rule ...

A bad omen?

Greek supporting discussion and vote in Berlin was making hesitating moves -
I am sure to see new ATHs ;-)

Good trades
GFIs1

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 xelaar 
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Greek supporting discussion and vote in Berlin was making hesitating moves -
I am sure to see new ATHs ;-)

Good trades
GFIs1

We had a no-pullback run yesterday, and this morning we got new ATH and no attempts to get some free-riders off the train with a hefty fine.. I believe some run on lows is needed. 11306.5 was gunned already, so it may be it but 30m chart suggest 11305.5 must be touched...

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 GFIs1 
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We had a no-pullback run yesterday, and this morning we got new ATH and no attempts to get some free-riders off the train with a hefty fine.. I believe some run on lows is needed. 11306.5 was gunned already, so it may be it but 30m chart suggest 11305.5 must be touched...

..thanks @xelaar - this happened too.
This afternoon BIP numbers US and a positive Germany on Greek support.
Volume lower - but price can easily move under these circumstances.

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 xelaar 
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..thanks @xelaar - this happened too.
This afternoon BIP numbers US and a positive Germany on Greek support.
Volume lower - but price can easily move under these circumstances.

GFIs1

And there she goes. But you had to withstand 40 pts drawdown from entry at 9-30 I believe.

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 GFIs1 
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xelaar View Post
And there she goes. But you had to withstand 40 pts drawdown from entry at 9-30 I believe.

Exactly so - a) it is last friday of month and b) we had germans greek support around 11:00 and c) for
special days like this (with US BIP to jump over) we need more wiggle room.
But 40 points held fortunately.
It was not sure when the rocket started again - but the numbers need to be very "polished" for end of
month for certain reasons I do not know :-)

Good trades
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 xelaar 
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Exactly so - a) it is last friday of month and b) we had germans greek support around 11:00 and c) for
special days like this (with US BIP to jump over) we need more wiggle room.
But 40 points held fortunately.
It was not sure when the rocket started again - but the numbers need to be very "polished" for end of
month for certain reasons I do not know :-)

Good trades
GFIs1

It's all about bonuses, man, only they matter!

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 GFIs1 
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This week had 2 trades

Both positive (+11 +7points)
Weekly result 18 points
Points since week 2: 78

slowly but...
in a crazy upmove with always new ATHs

GFIs1

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 GFIs1 
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This journal started three years ago on February 18th, 2012.
So a we got a complete collection of regular trades.
And more than 125 thousand page views.



Thanks to all readers and for comments.

GFIs1

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GFIs1 View Post
This journal started three years ago on February 18th, 2012.
So a we got a complete collection of regular trades.
And more than 125 thousand page views.



Thanks to all readers and for comments.

GFIs1

Big Congratulations Squire of Daxland!


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