GFIs1 1 DAX trade per day journal - Trading Journals | futures io social day trading
futures io futures trading


GFIs1 1 DAX trade per day journal
Updated: Views / Replies:387,689 / 3,479
Created: by GFIs1 Attachments:240

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 240  
 
Thread Tools Search this Thread
 

GFIs1 1 DAX trade per day journal

  #3301 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary

Week 2 outlook

This morning a nice up gap. Asian markets made heavy plus.
Will take a trade today. Foreseen 9:30 to 14:00 long.

System optimizing will start from now.
Means taking trades only in favorable weeks of the year.
Did talk about in previous posts.

So no Wednesday and Friday trades this week.
Further skipping weeks to be announced...

Good trades
GFIs1

Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
  #3302 (permalink)
Elite Member
Frankfurt, Hessen, Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: NTB & Continuum
Favorite Futures: DAX Futures (FDAX)
 
Renkotrader's Avatar
 
Posts: 457 since May 2012
Thanks: 968 given, 152 received

Hi GFIs1,

I must confess, tht I am not familiar with your trading rules.

In DAX trading we are having a pre-XETRA time from 8:00 until 9:00 o'clock. The break out starts eihter at 9:00 or later in the time until 10:00. I am using 2 break out boxes for visualization: 8:00 until 9:00 and 9:00 until 10:00.

The start at 9:30 for a trade is in the middle of the first hour after XETRA-opening. I have heard from some strategies different times for trading "the direction of the day" between 9:05 and 10:00.

The question I have is: is the time 9:30 a good compromise between safety and an early entry? What is the main reason for you to decide in the past, to take this time as a FIX time for your strategy?

Thanks a lot!

Best regards,
Renkotrader

Reply With Quote
The following user says Thank You to Renkotrader for this post:
 
  #3303 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary

Monday trade


IB started with up gap and went down - but did not close the gap.
Difficult start already.

Taking a short 10:30 to 13:00

entry @ 13377
exit @ 13363
result 14 points

IB vol ok

GFIs1


Last edited by GFIs1; January 8th, 2018 at 07:46 AM.
Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #3304 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary


Renkotrader View Post
Hi GFIs1,

I must confess, tht I am not familiar with your trading rules.

In DAX trading we are having a pre-XETRA time from 8:00 until 9:00 o'clock. The break out starts eihter at 9:00 or later in the time until 10:00. I am using 2 break out boxes for visualization: 8:00 until 9:00 and 9:00 until 10:00.

The start at 9:30 for a trade is in the middle of the first hour after XETRA-opening. I have heard from some strategies different times for trading "the direction of the day" between 9:05 and 10:00.

The question I have is: is the time 9:30 a good compromise between safety and an early entry? What is the main reason for you to decide in the past, to take this time as a FIX time for your strategy?

Thanks a lot!

Best regards,
Renkotrader

Thanks for the question - here a short explanation:
a) My trading rules are based on 30m candles (statistics over a long time). All pre or after cash hours are not included.
b) For every weekday there are different entry/exit rules
c) Normally - after my perception - price is turning very often at 10:30
d) my rules have some rules "above" when certain cases are seen like a gap, moving around in Ichimoku Kumo etc.
e) rules are also depending on last trading day
f) there are rules for special cases like price range >150 points or price range was >250 points on previous day
g) rules omit in most cases the time when US market opens
h) Day rules just look for stronger moves - therefore normally Tuesday and Thursday are not traded
i) plus more...

To summarize - the GFIs1 system (which means 1 trade per day) is only taken when a chance of high probability is given.
This year 2018 I will even skip those weeks that were red in the past 6 years. Means I will just be active during the "gaining" weeks.

My job is to optimize trading / other work - leisure and still have an eye on the development of the DAX.
In a new thread I explain some thoughts about mining crypto currencies. Might be a grea alternative to trading as well.
Lets see

GFIs1

Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
  #3305 (permalink)
Elite Member
Frankfurt, Hessen, Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader 8
Broker/Data: NTB & Continuum
Favorite Futures: DAX Futures (FDAX)
 
Renkotrader's Avatar
 
Posts: 457 since May 2012
Thanks: 968 given, 152 received

Hi GFI1s,

thanks a lot for your detailed feedback

I will make a visual check for changing the direction from the DAX at 10:30.

To evaluate the system as a never ending process is a part of our job description - and you reflect your trade very well. Its a great job in quality. To improving the quality of our trading is our most important task, to be long in the forefront, the most important guarantee- so I think.

I am interessted in Krypto-Currencies, but not in mining its. That is not my place. I am waiting for getting validated my Gateway in EUR in Gatehub.net.

Best regards,
Renkotrader

Reply With Quote
The following 2 users say Thank You to Renkotrader for this post:
 
  #3306 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary

Week 2 result

This week had 1 trade

Positive 14 points
Points since week 1: 181

GFIs1

Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
  #3307 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary

Wednesday trade

would have given some points - lets see theoretical result (which will not count here):
Short 10:30 to 14:30
entry @ 13352
exit @ 13267
result 85 (theoretical as no trade was taken)
IB volume ok

GFIs1

Just to recall - weeks 2 to 7 are not really full of points


Last edited by GFIs1; January 10th, 2018 at 08:47 AM.
Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
  #3308 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary

No Friday trade

Dax was in a sideways range last days.
Volumes very low.
IB Friday 9:00 to 9:30 was with no direction.
German politics still stuck about the build of the Government. As long there is no working German Government the DAX will not see a new ATH. Such thing will not happen in the next few weeks.

Happy weekend
GFIs1

Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
  #3309 (permalink)
Elite Member
WA Europe
 
Futures Experience: None
Platform: Various
Favorite Futures: FUTURES
 
Posts: 123 since Mar 2013
Thanks: 44 given, 53 received

Very good,keep it up!

Hi GFI,
Very good job and amazing discipline.Keep up the good work!

Reply With Quote
The following user says Thank You to FKtrader for this post:
 
  #3310 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,377 since Feb 2012
Thanks: 4,186 given, 8,607 received
Forum Reputation: Legendary

Week 3


Monday US closed - holiday!

Not much volume foreseen. Many numbers of last quarter/year from larger companies.

GFIs1

Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:

Reply



futures io > > > GFIs1 1 DAX trade per day journal

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Updating schedule soon for June

June
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
DTs Day Type Journal DionysusToast The Elite Circle 49 August 17th, 2015 10:13 PM
Journal of a Nifty Day Trader psb1967 Trading Journals 11 February 7th, 2014 08:22 AM
10% per day, video journal Ryanb Elite Trading Journals 80 March 3rd, 2013 02:25 AM
Emini's Swing trade v day trade kctpac Emini Index Futures Trading 0 March 1st, 2011 09:32 AM
Using DAX to trade the ES - better than volume trendisyourfriend The Elite Circle 40 July 13th, 2010 11:31 AM


All times are GMT -4. The time now is 03:08 PM.

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-06-20 in 0.08 seconds with 19 queries on phoenix via your IP 54.224.235.183