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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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  #191 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received

Today a DAX long from 09:30 to 14:30

entry @ 6677

exit @ 6647

result minus 30 points :-(

GFIs1

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  #192 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received

Mixed movements this week.
Even there were long moves (south) the system had three trades:

Two trades negative - with SL of 30 points each
One trade positive with 64 points

Weekly result plus 4 points.

Have a nice weekend

GFIs1

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  #193 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received


Tonight the result in EU elections will be at hand - looking to the french and greek
results - tomorrow the risks will hopefully calm the volatilty in the indizes a bit.
For the Dax - as the Friday move pushed the daily price out of the Kumo - it will
be very interesting to see if it moves back into it.
I see some high probability that we may see a nice move up in the Dax on Monday
and Tuesday due to this special constellation.

Have a great trading week -

GFIs1

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  #194 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received

After this gap down the DAX trade today will be a LONG
from 10:30 to 13:00

entry @ 6470

exit @ 6508

result plus 38 points

GFIs1

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  #195 (permalink)
tradereight
Ohio
 
 
Posts: 8 since Nov 2009
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GFIs1 View Post
After this gap down the DAX trade today will be a LONG
from 10:30 to 13:00

entry @ 6470

exit @ 6508

result plus 38 points

GFIs1

hello,

I like the way you trade, but consider this
if you would buy the dax when it opens (at 3 am new york time) if it is at or below prior days low
and hold the position till the dax index closes till (11.30 am new york time)
vice versa for shorts (selling above or at prior days high)
then your profits would be much higher as the US market usually continues the move that the dax made in the morning.

this method also would filter out the days that are usually less profitable (sideways) thats because if the dax
can not make new highs or lows on the daily chart chances are high that it will continue trading sideways till it either bounces of prior support / resistance or continues going through prior high or low levels :-)

hope it helps

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  #196 (permalink)
tradereight
Ohio
 
 
Posts: 8 since Nov 2009
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tradereight View Post
hello,

I like the way you trade, but consider this
if you would buy the dax when it opens (at 3 am new york time) if it is at or below prior days low
and hold the position till the dax index closes till (11.30 am new york time)
vice versa for shorts (selling above or at prior days high)
then your profits would be much higher as the US market usually continues the move that the dax made in the morning.

this method also would filter out the days that are usually less profitable (sideways) thats because if the dax
can not make new highs or lows on the daily chart chances are high that it will continue trading sideways till it either bounces of prior support / resistance or continues going through prior high or low levels :-)

hope it helps



Quoting 

Do you consider only cash hours to determine the high and the days or full futures session?

Thanks a lot for your answer!

Raphael

is pretty easy, the key is to trade after 3 am (cash hours) and to identify reversals and breakouts
for this i use 10 min bars (if price breaks above the high of the prior two 10 min bars I consider trading long (green bar appears on my chart see screenshot)

img837

on

.imageshack.us

on

/img837/2513/fdax061210min572012.jpg

sorry can not attach links as i am not an elite member

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  #197 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received


tradereight View Post

sorry can not attach links as i am not an elite member

Hi tradereight

Thanks for your inputs.
You may attach pictures in your next post.
There is no need to be futures.io (formerly BMT) elite member (I am not yet too) - but you need
a minimum of 5 postings - which you have reached now.

GFIs1

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  #198 (permalink)
tradereight
Ohio
 
 
Posts: 8 since Nov 2009
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GFIs1 View Post
Hi tradereight

Thanks for your inputs.
You may attach pictures in your next post.
There is no need to be futures.io (formerly BMT) elite member (I am not yet too) - but you need
a minimum of 5 postings - which you have reached now.

GFIs1

thank you, see the only reason why we are all here
is we want to gain and to share knowledge, so I really dont understand
why I have to register at paypal, give out my creditcard information to pay 50$
and then I am able to full use this forum, as I have plenty of indicators and valid
trading methods to share, it would be nice to get access for free :-)

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  #199 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received


tradereight View Post
Do you consider only cash hours to determine the high and the days or full futures session?

Thanks a lot for your answer!

Raphael

In my system I am using only cash hours of the DAX - means 09:00 to 17:30 CET.
The rules for volatilty, gaps etc. are only looking for movements during these trading hours.

Your input rule is very helpful for trending days as you mention it. In fact, trading today as
a discretionary trader seeing that no US numbers are announced - the DAX trade would have
lasted longer with a much better result. :-)

As I am applying the rule set for all weekdays during a full year - I found out that there
are only some trading windows in the timeline that are with high probability giving you some
points. Therefore I am not optimizing the trade within the daily context but more to have a trading
time for a weekday with respective special situations that give the most points over 50 weeks in a year.
With that I do not need to have a long list of settings eg. Stoploss etc.

The result of steadily growing the account with less risk (means being less hours in the market)
tolerates a slightly higher invested capital on a single trade.

Appreciate the discussion.

GFIs1

PS: to be more precise I
1) do not "manage" a trade - after announcing the trade I let it playing out as previewed
2) do not scale in or scale out in a trade
3) need not to invest in screen time as I do not manually change a started trade

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  #200 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,616 since Feb 2012
Thanks: 5,418 given, 11,806 received



GFIs1 View Post
...
For the Dax - as the Friday move pushed the daily price out of the Kumo - it will
be very interesting to see if it moves back into it.
I see some high probability that we may see a nice move up in the Dax on Monday
and Tuesday due to this special constellation.

GFIs1

The Monday move was starting very low - but came up steadily. That preview was helpful.
With a move of more than 150 points on Monday - there will be NO GFIs1 Tuesday trade
(as result of the ruleset).
Still interesting if the price will move above 6666 again this week.

Looking forward to this developement.
GFIs1

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