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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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  #181 (permalink)
 GFIs1 
Legendary Market Wizard
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Experience: Intermediate
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Four trades this week

2 trades with SL of 30 points minus each
2 trades positive

Total plus 36 points

Ok week for these chop chop times :-)

Nice weekend all

GFIs1

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  #182 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Broker: IB / DTN
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Today - DAX long from 09:30 to 14:30

entry @ 6849

exit @ 6819 (SL)

result minus 30 points

As I can not end this journal with a SL - will continue for this week
Have a nice labour day tomorrow.

GFIs1

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  #183 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Dax (see daily chart attached) price moved in March and April down along the spiral into the
red Kumo. That one works still as support for price as for now.
Price did not "cross" the Kumo to go to lower levels. Due to the form of the Kumo lower levels
are not at hand.
The red Tenkansen line is turning to higher levels and might eventually cross the blue Kijunsen
line within the Kumo - which gives a bullish signal.

Last high of the Dax was @ 7210 in march - next high level (blue arrow / red spiral) stops @ near 8000 level.

Seems like a lot of ugly lines now - I will keep an eye on them and update this bigger picture.

GFIs1

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  #184 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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To answer the incoming questions about how the spirals work / are drawn in a chart:

1) The spirals are Fibonacci spirals
They show in bigger pictures (daily / weekly / monthly) quite accurate turning points.

2) I am drawing the fib spiral from a recent high to the price which is in the middle of the Kumo - yes -
here Ichimoku is of interest. In this case the spiral is turning counterclockwise.

3) The opposite is to draw the spiral from a recent low into the middle of the Kumo - in this
case the spiral is turning clockwise.

4) What is the meaning of the colors?
blue and black are guidelines and work like boundaries... price should move along the curve for a certain
period - red and green are passing lines - let price get through

The spirals work fine for any instrument - you will find more documentation on fibonacci spirals on the net.

GFIs1

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  #185 (permalink)
 GFIs1 
Legendary Market Wizard
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Preparing to take a DAX SHORT from 09:30 to 12:00

entry @ 6853

exit @ 6789

result plus 64 points

GFIs1

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  #186 (permalink)
 GFIs1 
Legendary Market Wizard
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Most likely a short in the morning on WEDNESDAYs... (over 90%)
So if you are not sure - bet on a short after the opening range
except when Monday AND Tuesday were already short.

Happy trades!

GFIs1

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  #187 (permalink)
 Abde 
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GFIs1 View Post
Most likely a short in the morning on WEDNESDAYs... (over 90%)
So if you are not sure - bet on a short after the opening range
except when Monday AND Tuesday were already short.

Happy trades!

GFIs1

I didnīt know about your rule but also went short @6846 and still in.
If You have more such rules, donīt use it sparingly

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  #188 (permalink)
 GFIs1 
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...means a NO trade tomorrow..

hey @Abde

next rule: if today the high/low is higher than 150 points.. NO trade
the following day :-)

Here we go!

See you on Friday

GFIs1

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  #189 (permalink)
 Abde 
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GFIs1 View Post
...means a NO trade tomorrow..

hey @Abde

next rule: if today the high/low is higher than 150 points.. NO trade
the following day :-)

Here we go!

See you on Friday

GFIs1

Hi GFIs1,

May ask you what the considerations are relating to that rule?

Thanks

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  #190 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,006 since Feb 2012
Thanks: 5,706 given, 12,889 received



Abde View Post
Hi GFIs1,

May ask you what the considerations are relating to that rule?

Thanks

Hi @Abde

As I have a rule set to make ONE trade on the DAX per day I have found
out - using some statistics - that after a move greater than 150 points the
previous day normal initial balance is not seen. So my rule set brings
negative results on such days which I am avoiding.
Does not apply for discretionary traders though.
One could take the opposite of that particular signal to perhaps get some
positive results.

GFIs1

PS: today's signal would have brought a 30 point SL...

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