GFIs1 1 DAX trade per day journal - futures io
futures io



GFIs1 1 DAX trade per day journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 3,850 posts (9,350 thanks)
    2. looks_two ratfink with 83 posts (146 thanks)
    3. looks_3 CPRICE76 with 72 posts (29 thanks)
    4. looks_4 xelaar with 69 posts (95 thanks)
      Best Posters
    1. looks_one choke35 with 2.5 thanks per post
    2. looks_two GFIs1 with 2.4 thanks per post
    3. looks_3 ratfink with 1.8 thanks per post
    4. looks_4 xelaar with 1.4 thanks per post
    1. trending_up 785,764 views
    2. thumb_up 10,760 thanks given
    3. group 228 followers
    1. forum 5,053 posts
    2. attach_file 363 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

GFIs1 1 DAX trade per day journal

(login for full post details)
  #191 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 received

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

entry @ 6677

exit @ 6647

result minus 30 points :-(

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Help with Scale In ATM strategy
NinjaTrader
Time to change of FCM
Emini and Emicro Index
Multidata
EasyLanguage Programming
Simpler Trading - Squeeze Pro indicator
Platforms and Indicators
Custom Renko Chart does not load
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Spoo-nalysis ES e-mini futures S&P 500
123 thanks
How many day traders are profitable?
40 thanks
Most Funding Firms are a Scam
28 thanks
Hedging NQ and MNQ 1-10...
13 thanks
how many hours per day do you watch the market?
13 thanks
 
(login for full post details)
  #192 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 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

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #193 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 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

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #194 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 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

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #195 (permalink)
tradereight
Ohio
 
 
Posts: 8 since Nov 2009
Thanks: 0 given, 1 received


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

Reply With Quote
The following 2 users say Thank You to tradereight for this post:
 
(login for full post details)
  #196 (permalink)
tradereight
Ohio
 
 
Posts: 8 since Nov 2009
Thanks: 0 given, 1 received


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

Reply With Quote
 
(login for full post details)
  #197 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 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

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #198 (permalink)
tradereight
Ohio
 
 
Posts: 8 since Nov 2009
Thanks: 0 given, 1 received


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 :-)

Reply With Quote
 
(login for full post details)
  #199 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 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

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #200 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 6,004 since Feb 2012
Thanks: 5,706 given, 12,882 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

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > GFIs1 1 DAX trade per day journal


Last Updated on May 23, 2022


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2022 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts