As we know - wednesday is giving nearly the most points over the year
trading the Dax intraday with looking at patterns.
So 95% are short trades.
I do have basically two rule sets for Wednesdays:
1) a short trade rule set (for IB green and for IB red candle)
2) a extended rule set for normal days with no US numbers, no ECB day, no short week, no extra vola on Tuesday
Thus ALL my entry and exit times are specially MADE on these occasions.
It is the most complicated rule set I have for any given day.
If you read carefully through this thread - you will find a lot of different entry- and exit-times.
As the trades normally are announced before taken with entry and exit TIME - you can see that there is no
hindsight "best guessing"
Unfortunately the rule set is quite complicated especially for a day like today and a programming seems difficult.
The rule set in fact has not been changed much since four years.
As I need not a lot of time to analize the market at the opening / comparing with yesterday's hi/lo and eventual gap on today's start - I need not much screen time for my decision. Once fixed when to take the trade this is
programmed then for entry and exit as well as the stop loss setting. So no more survey needed.
Trading normally a max of 3 days within a week - there is no longer a big time investment.
That time was needed to develop the patterns for every weekday.
Hope this helps
The following 6 users say Thank You to GFIs1 for this post:
Think, you still didn't get the difference between systematic trading and your 2 days of scalping ...
Besides: The FDAX had a range of more than 280p today and you bore us with scalps that netted 47p
and that had higher average losses than wins.
Who do you think would be impressed by this kind of yield on a trend day?
Last edited by choke35; April 16th, 2015 at 03:11 PM.
must be respected system, risks are less so with profit povecava..na $ 20,000 profits go by with two contracts .Replace cu results here, so at 40 000 3 contracts still account for yourself ..impressed?
What's your strategy and that is risik-profit? thank you
Yesterday a trending day with a large down move.
Looks like that could continue today.
KijunSen is @ 11896 - and horizontal: so a closing on that one is highly possible.
A move down around 11840 area can be previewed.
Some US numbers this afternoon at 14:30.
Here no daily trade: but if a bolder move down is to see we can
look to get maybe a entry for a WienerWalzer.