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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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  #2121 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received


ratfink View Post
Except on Tuesdays and Thursdays.

Good trades in tough conditions to you!

Well said: - Double Cheers to You!
I think my best trades were on Saturday: THEN I never found a negative one
- Missus expenses of course not counted...

GFIs1

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  #2122 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received

Dax short 9:30 to 15:30

entry @ 11044
exit @ 11018
result 26 points

IB vol good

GFIs1

Comment: not real the optimum
but some bigger players are trying to push prices until Friday's triple witch
to the right levels..

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  #2123 (permalink)
CPRICE76
LONDON
 
 
Posts: 91 since Apr 2013
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GFIs1 View Post
Dax short 9:30 to 15:30

entry @ 11044
exit @
result

IB vol good

GFIs1


At what point do you decide to move your stop to breakeven ?? Sometimes you move it to breakevens and others not- what is the rule to move stop to breakeven?
Thanks

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  #2124 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received


CPRICE76 View Post
At what point do you decide to move your stop to breakeven ?? Sometimes you move it to breakevens and others not- what is the rule to move stop to breakeven?
Thanks

Hi @CPRICE76

There is a rule of thumb if in the morning the move is quickly in the right direction - but the market
all over is in indecesion - this can mean it comes violently back.
On normal days - some noise can occur - and a move makes not much sense.

On Tuesday I moved it because
a) I was not at the computer
b) it was a day in the week when I normally do NOT trade

GFIs1

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  #2125 (permalink)
CPRICE76
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


GFIs1 View Post
Hi @CPRICE76

There is a rule of thumb if in the morning the move is quickly in the right direction - but the market
all over is in indecesion - this can mean it comes violently back.
On normal days - some noise can occur - and a move makes not much sense.

On Tuesday I moved it because
a) I was not at the computer
b) it was a day in the week when I normally do NOT trade

GFIs1


Ah thanks, so you only move the stop to breakevens on days you do not usually trade? ie. tuesday/thursday? other than that you have a hard stop of minus 30 points??
Thanks

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  #2126 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received


CPRICE76 View Post
Ah thanks, so you only move the stop to breakevens on days you do not usually trade? ie. tuesday/thursday? other than that you have a hard stop of minus 30 points??
Thanks

exactly - the stop is normally outside of the noise and there to protect from bigger loss.
A 30 point stop in the Dax has been seen as wide enough when trading several hours
during the day.

GFIs1

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  #2127 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received

Today bigger volume expected.
Not so for tomorrow's triple witch day.
Might give some hefty movements on both sides.
This is not the normal Thursday - but a battle for some important level to reach.
My impression is to see lower prices...
Tomorrow NO GFIs1 trade.

Good trades - and not too much risk today

GFIs1

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  #2128 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received

This triple week had 2 trades

One negative -30 points SL
One positive +26 points
Weekly result -4 points
Points since week 2: 360

Now some better trades to come with the september contract

GFIs1

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  #2129 (permalink)
CPRICE76
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


GFIs1 View Post
This triple week had 2 trades

One negative -30 points SL
One positive +26 points
Weekly result -4 points
Points since week 2: 360

Now some better trades to come with the september contract

GFIs1

Looking at your trades- dont u think it would be better to have profit targets? IE if 100 points in prfoit then bank it? as many times you have been 100+ then u end up taking +18 etc.. at say 14.30 exit trade time. ( yes u will miss the +167 trades obviosly )

Thanks

Col.

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  #2130 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,772 since Feb 2012
Thanks: 5,515 given, 12,175 received



CPRICE76 View Post
Looking at your trades- dont u think it would be better to have profit targets? IE if 100 points in prfoit then bank it? as many times you have been 100+ then u end up taking +18 etc.. at say 14.30 exit trade time. ( yes u will miss the +167 trades obviosly )

Thanks

Col.

I am trading this system over 4 years now - about which we can read in this thread a 3.5 years history now.
First as price was lower - the patterns occured and gave the best results. 100 points then was nearly impossible.
Now since beginnning with the rally of this year we had extreme situations. Of course a TP could help to cash in.
But some nice moves might occur too..
I have too little results for backtesting this. So the rules will not change right now.
Looking forward to coming months I am nearly sure that we will see lower Dax again and at these lower levels
the patterns will work again.
If this does not happen - I will collect enough data to get more points with the system.

But for all the moments when high volume and high vola occur - my Walzer gives nearly guaranteed points.
Taking both possibilities together, we can see again nice points coming.

Good weekend
GFIs1

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