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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #2431 (permalink)
Trading Apprentice
athens, greece
 
Futures Experience: Intermediate
Platform: ib
Favorite Futures: dax
 
Posts: 45 since Feb 2015
Thanks: 5 given, 15 received

Good morning,

can you please explain me what are your criteria determining your time of entry (if it will be 9:30 or 10:00, or 10:30, or 11:00 for example)? Do you have some standard rules, or just feeling according to the course of the market?

thanks,
alex

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  #2432 (permalink)
Market Wizard
Switzerland
 
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alexk1968 View Post
Good morning,

can you please explain me what are your criteria determining your time of entry (if it will be 9:30 or 10:00, or 10:30, or 11:00 for example)? Do you have some standard rules, or just feeling according to the course of the market?

thanks,
alex

Hi Alex

It comes all from a written trading plan. For most of the weekday behaviour I wrote the patterns down that showed
up most often. It is out of a mix of previous day data, Ichimoku cloud, gaps, Last of month, IFO data, FED or ECB
decision and upcoming holidays.
The Initial Balance (IB) of the trading day is the base to decide in which direction the trade will go.
But don't get trapped: the IB does not show the direction itself: it depends on the weekday and much more.
SO:
In a certain situation as prescribed - ALWAYS the according entry/exit rule will be applied.
The rule plan is quite long...

GFIs1

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  #2433 (permalink)
Market Wizard
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After a crazy Thursday with second stop on both chinese stock exchanges we could see
some flexibility in the Dax. First a heavy down and suddenly a relief...

But for tomorrow friday I do not see any argument for the bulls.
Be prepared to see some more melting prices before weekend starts.

Good Night
GFIs1

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  #2434 (permalink)
Market Wizard
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Friday trade

Dax short 9:30 to 13:30

entry @ 10063
exit @ 10002
result 61 points

IB vol good

GFIs1


Last edited by GFIs1; January 8th, 2016 at 07:30 AM.
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  #2435 (permalink)
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Luxembourg, Luxembourg
 
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GFIs1 View Post
After a crazy Thursday with second stop on both chinese stock exchanges we could see
some flexibility in the Dax. First a heavy down and suddenly a relief...

But for tomorrow friday I do not see any argument for the bulls.
Be prepared to see some more melting prices before weekend starts.

Good Night
GFIs1

While I am bearish myself, I suddenly see a lot of bearishness in the markets ,i.e. high put-call ratio, Soros comparing this to 2008, lots of technical indicators hitting oversold levels, etc. It seems like everyone wants to be short right now, which means that short-term we may see some upside.

I have the benefit of posting this after seeing the European markets open today, but I was already hoping for a bounce yesterday. May give me the perfect opportunity to add to my shorts heading into the weekend.

Anyway, great result for 2015 and wish you the best for 2016.

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  #2436 (permalink)
Market Wizard
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grausch View Post
I have the benefit of posting this after seeing the European markets open today, but I was already hoping for a bounce yesterday. May give me the perfect opportunity to add to my shorts heading into the weekend.

Thanks @grausch

Even this morning started higher - I have to say that some "false moves" are part of the game.
Today I had first to wait for the first IB 9 to 9:30 move to take the best rule for my trade.
And it came out as thought: short.
As the trade has not arrived its final exit - we need to be patient.
Tenor seems short for the next period. NOT to forget about the
weaker numbers for 2015 from the bigger companies made public in
the next few weeks anyway.

Stay tuned
GFIs1

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  #2437 (permalink)
Market Wizard
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Week 1 result

This week had 3 positive trades:

110 + 30 +61 points
Weekly result 201 points

Points since week 1: 201

GFIs1

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  #2438 (permalink)
Market Wizard
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Monday trade

This morning lower lows but spike up with high volume.
First long Walzer already finished with 152 points in 1 hour.

Dax long 11:00 to 13:30

entry @ 9927
exit @ 9897 (SL)
result -30 points

IB vol high

GFIs1

PS: perfect timing for both trades it seems :-)
Walzer post here: https://futures.io/trading-journals/34280-gfis1-highvola-dax-journal-19.html#post548629


Last edited by GFIs1; January 11th, 2016 at 05:32 AM.
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  #2439 (permalink)
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Do you have any special rules regarding consecutive walzers?

Just noticed that the bar which invalidated this mornings first pattern very nearly completed another setup (~18 points and not 20). Had it been over 20 would you have flipped straight into another long?

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  #2440 (permalink)
Market Wizard
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mrblond89 View Post
Do you have any special rules regarding consecutive walzers?

Just noticed that the bar which invalidated this mornings first pattern very nearly completed another setup (~18 points and not 20). Had it been over 20 would you have flipped straight into another long?


Yes - thanks @mrblond89:

I invented now the "Babushka-Walzer" for such rare occasions.
Which means to follow the second Walzer too for another hour - and from then turn short for one hour.
Today that would have worked and of course given more points - all legs positive

Have posted it in the Walzer thread.

GFIs1

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