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GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:263,919 / 2,770
Last Reply:10 Hours Ago (10:03 AM) Attachments:173

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GFIs1 1 DAX trade per day journal

Old August 20th, 2016, 10:31 AM   #2671 (permalink)
Market Wizard
Sarasota FL
 
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GFIs1 View Post
Some thoughts of the GFIs1 system here after the first half year 2016 with quite some negative results:

The rules were NOT changed and are runnning since 4 years in the same manner.
...
As I already was thinking of forcing the system to pause I see decent profitability - so I will
continue. We are from previous year's results after 7 months: but regarding a ~30% gain for seven months
on investment is still ok. Even counting the drawdown had on first 5 months.

GFIs1

It is good to see you moving ahead again. Here's hoping that it continues, and that the earlier drawdown was a temporary matter.

I agree with @choke35 on this:


choke35 View Post
You are a seasoned trader, nevertheless I want to show my respect explicitly for this decision
to stick to the plan.

We both know it's not really funny to experience such drawdowns which can always be just
around the corner. Deciding whether that is still normal within the boundaries of the system
is an art - as well as standing the emotional pressure and clearing one's mind under such
conditions.

Good trades!


Bob.

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Old August 20th, 2016, 10:35 AM   #2672 (permalink)
Market Wizard
Switzerland
 
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choke35 View Post
You are a seasoned trader, nevertheless I want to show my respect explicitly for this decision
to stick to the plan.

We both know it's not really funny to experience such drawdowns which can always be just
around the corner. Deciding whether that is still normal within the boundaries of the system
is an art - as well as standing the emotional pressure and clearing one's mind under such
conditions.

Thanks @choke35 for your words - much appreciated.
I learned following some journals of others here on FIO - that 3 years of unchanged rules
often get a real "burnout". Most of the journal writers disappeared then in the dust though.

What we can learn from it:
Systems have often a good base. But condition of and with markets are changing over time.
One needs to have a good money management and reduce in uncertain periods the risk
of the trades taken. When everything is back to the "known" or "felt" levels things can
go back to normal size and pace.

GFIs1

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Old August 20th, 2016, 11:22 AM   #2673 (permalink)
Market Wizard
Switzerland
 
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@bobwest

What I learned of my journals here:
1) stick to the plan - even on difficult ground - but know periods when NOT to trade
2) optimize SL levels to the best
3) Diversify into new systems
... diversify
.. yeah - now we know

Have a great weekend
GFIs1

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Old August 22nd, 2016, 04:32 AM   #2674 (permalink)
Market Wizard
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Monday trade

Dax long 10:30 to 12:00

entry @ 10628
exit @ 10598 (SL) stopped out
result -30 points

IB vol high: 9964 contracts

GFIs1

edit 10:30:
was one hour too late - so exit will be 12:00


Last edited by GFIs1; August 22nd, 2016 at 06:26 AM.
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Old August 22nd, 2016, 11:19 AM   #2675 (permalink)
Market Wizard
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Futures Edge on FIO

Are you a NinjaTrader user?

 

GFIs1 View Post
Dax short 9:30 to 15:30

entry @ 10665
.....

GFIs1

edit 10:00 - start looks not bad
edit 11:22 - Goal of 10466 - hopefully @ 15:30

This support (after the spike) has now finally been reached

Good trades!
GFIs1

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Old August 22nd, 2016, 02:37 PM   #2676 (permalink)
Market Wizard
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Interesting move today

Dax made a Hi/Lo range of 271 points to close near the entry.

The needed reach of the support low was washed out in minutes.
Reaching the high in the morning of the upper cloud level was amazing.
Pic needed?
Then a come back from the down to the entry was given.

Now - what the heck will form now?
The upswing is on the plate - but not to catch 11k level(s) right now.
A next good high on this move can reach 10866...
Lets see tomorrow

GFIs1

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Old August 24th, 2016, 05:46 AM   #2677 (permalink)
Market Wizard
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Wednesday trade

Dax short 10:30 to 13:00

entry @ 10580
exit @
result 10610 (SL) already stopped out: might form a Walzer though - lets see

IB vol high

GFIs1


Last edited by GFIs1; August 24th, 2016 at 05:57 AM.
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Old August 24th, 2016, 08:08 AM   #2678 (permalink)
Market Wizard
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IFO

Tomorrow IFO day...

WHAT is new?

They tell us that numbers are coming out half an hour later than normal: 10:30

WHY?

So be aware!

Good trades
GFIs1

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Old August 25th, 2016, 05:24 AM   #2679 (permalink)
Market Wizard
Switzerland
 
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IFO numbers

Oooops 1:
IFO numbers were @ 10:00 (still! surprise )

Oooops 2:
IFO is down 2.1%

Oooops 3:
DAX is forming a "W" with a
bottom of around 10450 resp. 10466

Good trades!
GFIs1


Last edited by GFIs1; August 25th, 2016 at 07:09 AM.
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Old August 25th, 2016, 06:31 AM   #2680 (permalink)
Market Wizard
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Haha...


watch where was the LOW of this morning after a slump?

10466

AGAIN! Support is support ***

GFIs1

*** see post #2675 above

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