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GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:263,827 / 2,769
Last Reply:Yesterday (06:08 AM) Attachments:173

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GFIs1 1 DAX trade per day journal

Old April 1st, 2016, 06:20 AM   #2521 (permalink)
Trading Apprentice
athens, greece
 
Futures Experience: Intermediate
Platform: ib
Favorite Futures: dax
 
Posts: 41 since Feb 2015
Thanks: 5 given, 13 received


grausch View Post
IMO that is only true if you follow his signals or try to reverse-engineer his method. I thought the point of the journal was to put down thoughts / track progress / have some accountability, etc.

Agree, that is also the reason for GFI1 not being a signal provider, but

if you like to keep a track record (score), even thoughts and track progresses must have a degree of reliability and trustfulness.

IMO reliability is lost (or partially lost) if you post something after seeing a potentially successful progress of the move.

In my 15 year career (as a professional equity - not futures - trader), I have seen a LOT of supposed consistently winning system/methods etc. for future markets (especially s&p, dax and forex) with track records, which after investigation proved to be not so consistent winning...

Anyway, sorry if I sound disturbing.

thanks,
alex

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Old April 1st, 2016, 06:40 AM   #2522 (permalink)
Elite Member
Luxembourg, Luxembourg
 
Futures Experience: Advanced
Platform: TWS
Broker/Data: Interactive Brokers
Favorite Futures: Stocks
 
Posts: 429 since May 2012
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alexk1968 View Post
Agree, that is also the reason for GFI1 not being a signal provider, but

if you like to keep a track record (score), even thoughts and track progresses must have a degree of reliability and trustfulness.

IMO reliability is lost (or partially lost) if you post something after seeing a potentially successful progress of the move.

Well, most of the time @GFIs1 posts on time. It could be that he was not at his desk but still executed his orders. I sometimes execute trades from my phone, but you will never find me posting on forums from that tiny screen. Just too damn frustrating typing anything useful...


alexk1968 View Post
In my 15 year career (as a professional equity - not futures - trader), I have seen a LOT of supposed consistently winning system/methods etc. for future markets (especially s&p, dax and forex) with track records, which after investigation proved to be not so consistent winning...

Anyway, sorry if I sound disturbing.

thanks,
alex

I agree with you on the systems. Most of them are pure garbage. However, as traders we only have one person to be accountable to and that is ourselves. If @GFIs1 executes his trades as planned then any late postings to his journal should not matter. After all this journal is not for my benefit nor does it influence my trading in the slightest. I will however note that one late post does not make an entire journal unreliable or worthless.

In any case, I will leave things here. I doubt @GFIs1 needs me to defend his actions.

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Old April 1st, 2016, 08:01 AM   #2523 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received


Thanks for inputs...

As mentioned from the longtime followers - normally I post the trades before taking.
1) today I was on the move (there is some business to do as well) and had connection problems.
2) Nevertheless my Friday trades are nearly almost on 9:30 opposite to the IB 30min candle. So
the system is quite transparent.
Today it did not work and that is part of the system. I mentioned even in the post that IB was high
which calculates with some higher risk as well.
Goal of this thread is to document the rules over a longer period - and even sometimes some late post
of a trade might be written later than trade entered - it is to document the positive as the negative.

I hope to show the clear ups and downs of a system under different market conditions without changing
rules after every third negative trade.

So my two threads offering a constant transparent update showing how the signals work - now documented
4 years for this thread and nearly 1.5 years of the Walzer thread.

Every trader has his own point of view. Thus I encourage again to start a own journal here on futures.io
to see the stability and the longtime results. And moreover the problems arising while managing to trade
over a longer time period.

The highest pressure comes from outside as here things are open to many unknown readers and critics.
I welcome the discussion - otherwise the thread would not have been read so many times.

Good trades
GFIs1

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Old April 1st, 2016, 08:14 AM   #2524 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Well thanks @grausch and at @alexk1968 who read my posts very carefully for their inputs.

As you know I am normally posting even before taking a trade. This is a journal to document one
of my two systems here on futures.io
Today I was on the move and had connection problems with the journal platform around the trading time.
The trade was like my Friday trades normally to take 9:30 in opposite direction of the first 30min candle.
Exactly that I made and wrote the entry, direction and the IB high fact which means higher risk for this
trade. Very transparent for the longtime readers.

I encourage again to open a own journal here on futures.io to see all the difficulties that arise from following the
own system with rules, taking and managing the trades as well as posting in the own journal. Not once, but over YEARS!

Having my two journals here with many readers I know very well about the pressure.
This journal here is over 4 years online and regularly supported and the Walzer journal has soon reached
1.5 years of input.

Making a system public needs some guts. Not changing the rules every third negative trade also.
But having it on and discussed gives a lot of power to not get out of the game.

Thanks for inputs and thanks also to the silent readers - much appreciated.

Good trades
GFIs1

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Old April 2nd, 2016, 04:53 AM   #2525 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Week 13 result

Futures Edge on FIO

Are you a NinjaTrader user?

 
Back to field one

This week had 3 trades,
all of them with stop loss.
Weekly result - 90 points
Points since week one: 3

GFIs1

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Old April 4th, 2016, 04:19 AM   #2526 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Monday trade

Today no trade to take: Friday range was over 150 points

Instead a Walzer might happen in this market of indecision.**

The relative high volume in the first 20 minutes in the Dax future
can be a result of the Panama Papers and thus some investments
may be transferred into other safe havens.
Of course such actions might take weeks to months and bring
some more uncertainty into the markets.

GFIs1

**edit 10:00 smells like a long Walzer is coming up


Last edited by GFIs1; April 4th, 2016 at 05:06 AM.
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Old April 5th, 2016, 03:45 AM   #2527 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Tuesday

To the new readers/followers of this journal - during FIO journal contest in April:

This journal shows the trades following GFIs1 one trade per day rules.
Why is there no trade on a Tuesday and on a Thursday?
In normal weeks on Tuesday's and Thursday's the moves in the Dax are more
erratic and not so much predictable as on all other week days. After having
traded those days with little to no positive result I skipped those days to optimize
the time management.

As there is only ONE trade per day - this one has to be chosen very carefully.
Here the rules come in and give entry and exit time before taking a trade just
upon the Initial Balance - the 30 minutes after cash hour session starts and the
eventual up gap or down gap to previous day.
The rule set is quite complex and has several cascading rules for each day.
Thus it does not make sense to list them all here.

Seeing hopefully some more positive trades in April here.

GFIs1

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Old April 7th, 2016, 04:25 AM   #2528 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Thursday

Attention to Draghi speech today:
markets can be shaken again...

Good trades
GFIs1

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Old April 8th, 2016, 04:30 AM   #2529 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Friday trade

There is no trade today:
Yesterday range was 179 points.

The strong upmove on IB right now might result
in a Walzer - though the clouds in 30min and 1h
build a heavy resistance.

GFIs1

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Old April 10th, 2016, 12:44 PM   #2530 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,559 since Feb 2012
Thanks: 3,088 given, 6,209 received

Week 14 result


This week had no trades...
Points since week 1: 3

GFIs1

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