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GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:262,608 / 2,756
Last Reply:Yesterday (11:56 AM) Attachments:173

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GFIs1 1 DAX trade per day journal

Old April 22nd, 2016, 04:27 AM   #2541 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Friday trade

Dax short 9:30 to 13:30

entry @ 10426
exit @ 10425
result 1 point

IB vol ok

GFIs1


Last edited by GFIs1; April 22nd, 2016 at 08:38 AM.
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Old April 22nd, 2016, 08:49 AM   #2542 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Week 16 result

After this shaky week we see 4 trades:

3 (nearly ) positive trades (78 + 15 + 1 points)
1 negative trade with SL - 30 points
Weekly points: 64
Points since week 1: -3

Discussion on thread here
Gains still at field one.
System did not work consistently (like in the past) during these
past 16 weeks.
No rule changes were made though.
Money management prevented from bigger losses.
On some days the rules worked but did not take out the maximum
of the moves seen.

Chances are still to see some more normal weeks again.

GFIs1

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Old April 23rd, 2016, 12:33 PM   #2543 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

DAX Journal(s) review


As we are in the FIO journal contest 2016 I would like to review shortly
the total results of both journals here - updated since 2011 and
late 2014 respectively.

The GFIs1 system was introduced in 2011 and the Walzer came in 2014.
Both systems were positive over the periods.

Overview:

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For those who would like to give a thank in the competition thread:
Here is the direct link in case and thanks for pushing the button!

https://futures.io/feedback-announcements/38836-fio-journal-challenge-april-2016-over-1-100-prizes-3.html#post564313

As said - the prize will be handed over to next candidate if I win one of the
prizes offered by Mike and TST.
I am humbled because I got so many thanks already in my journals.

Thanks to all the followers - the journal kept me always busy online and disciplined

GFIs1


Last edited by GFIs1; April 23rd, 2016 at 12:38 PM.
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Old April 25th, 2016, 04:55 AM   #2544 (permalink)
Market Wizard
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Futures Experience: Intermediate
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Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Monday trade

Dax IB shows lower lows.

Dax short 9:30 to 14:00

entry @ 10333
exit @ 10322
result @ 11

IB vol good

GFIs1


Last edited by GFIs1; April 25th, 2016 at 09:04 AM.
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Old April 27th, 2016, 04:29 AM   #2545 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
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Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Wednesday trade

Futures Edge on FIO
Dax short 9:30 to 15:30

entry @ 10272
exit @ 10302 (SL)
result -30 points

IB vol good

edit 10:00
Made an error here and restart short 11:30 to 15:30
as yesterday's range was 178 points...

entry @ 10306
exit @ 10336
result -30 points

GFIs1


Last edited by GFIs1; April 27th, 2016 at 04:14 PM.
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Old April 29th, 2016, 04:54 AM   #2546 (permalink)
Market Wizard
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No Friday trade

Yesterday a range of 200 points does not allow a normal Friday trade today.

A Walzer is probable. IB volume and second candle up to now with high volume.
Price is sitting between clouds in 60min 120min and 240 min. Means some
chop - no real trend to be seen right now.

GFIs1

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Old April 29th, 2016, 05:18 AM   #2547 (permalink)
Market Wizard
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Illustration for chop zone

Here the cloud as support and at same time as resistance - looking at 120min and 240min Dax charts:
Looks like price will chop until near end of next week.

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GFIs1

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Old April 29th, 2016, 09:42 AM   #2548 (permalink)
Market Wizard
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Hi @GFIs1,

I hope you know that I am a fan and a supporter, and have been for some time now.

But I often am a little puzzled about how and why you reach your trade decisions. I know that you have your rules, and I'm sure that if I reviewed several years of your posts, I would pick them up. But when you post a chart, even with a very brief explanation of what you are looking at, it tells me more, right away.

It's up to you, and I'm not asking you to go through every little thing every time, or even go through it at all, for that matter.... but I feel I learn more when I can see what someone is seeing. For example, the last post, with chart, was interesting and revealing.

I recognize that starting to go into a lot of detail also takes up more time, and posting is not anyone's main priority.

Just a thought. I'm enjoying your journal as is, and plan to keep reading one way or the other, anyway....

Bob.


Last edited by bobwest; April 29th, 2016 at 03:43 PM. Reason: More clarity (I hope)...
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Old April 30th, 2016, 06:08 AM   #2549 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

Hi @bobwest

Thanks many times for following and good input in my journal here.
Indeed it is hard to describe the different rule sets given for any day.
As the system proposes is to enter and exit after the first 30min IB decision.
All the rules are about found of some working pattern 4 years ago when the
journal started. Since then I had only changed stop loss settings but not main
rules. Thus it is really not easy to "see" what is the reason for triggering a trade.
Most of the patterns are really for the given weekday under some conditions
by looking at previous day range (cash hours) and eventually announcements
of the same day (to prevent from be lifted out by strong moves as well the upcoming
holidays, end of month, triple witch etc.)

That makes the trading plan quite complicate to read. Even for me
As you are from other time zone I assume that you might be not aware that my
posts are developing ones: I announce in IB time the full trade with direction etc.
and then I enter the trade as it develops. Finally a patchwork post is written there
and by reading it later it does not show how it did develop.

You are right that the insight into a "system" is not easy to transmit and even more
difficult to understand from outside. (It is much easier in my Walzer thread - as the
rules are very short and clear).

So I must admit that in some cases when I have little time I do mistakes in taking
the *right* trading rule. That leads to negative results - and are frustrating even for
the followers.
A nice example of failure you can read in my next post here...

As there are many followers I will try to show more of the thoughts - and still bring
the "clean" journal for those who are interested in naked numbers only.
So I will be more clear when a trade occurs and when not.

Have a great weekend
GFIs1

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Old April 30th, 2016, 06:50 AM   #2550 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 3,548 since Feb 2012
Thanks: 3,081 given, 6,171 received

The missed opportunity


Yesterday it was Friday - THE LAST of THE MONTH

Note to me: Last of the MONTH!!!
Our friend from the ratcave would have said - I knew it already since a long time: just watch the calendar
CHEERS!

I was quite distracted with a project that had nothing to do with trading. So I was between phone calls and meetings.
And still trading here - to be clear: NOT taking THE TRADE and following my other work.

Coming back and starting to analyze the day I have seen that I overlooked a major thing in my trading plan.
Which is written since a long time though:
Yesterday - yes Friday AND the last of month - has a special rule: This is to take a trade in the reverse direction of
a Friday (so in the same direction as IB 9:00 to 9:30 showed) from 9:30 to 16:30...
That easy. BUT: the rule did not say in which importance it will be for that given special day. Friday and Last Of Month
is very rare - and I had not much of them seen in my trading.

The trade was not taken (as mentioned in the post) because the previous day range did not allow). In fact that was
the false rule order:
NOW I fixed that list and the standing of this rule: ON TOP!
Back to my sad detection in the evening:

Given I had seen the *right* trade written in my trading plan it should have given this result:
Dax short 9:30 to 16:30
entry @ 10266
exit @ 10111
result 155 points
SL normal - 30 points
No discussion - that IS a good result - the best since January.
But it does not count as I have not taken that one!

At least my order of taking trades has got a slight shift and next time such occasion will not be given away.

That is trading: Sometimes it is luck to fish some points - sometimes it is a pity to miss obvious settings!

GFIs1

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