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



GFIs1 1 DAX trade per day journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 3,472 posts (8,308 thanks)
    2. looks_two ratfink with 83 posts (146 thanks)
    3. looks_3 CPRICE76 with 72 posts (29 thanks)
    4. looks_4 xelaar with 69 posts (95 thanks)
      Best Posters
    1. looks_one choke35 with 2.5 thanks per post
    2. looks_two GFIs1 with 2.4 thanks per post
    3. looks_3 ratfink with 1.8 thanks per post
    4. looks_4 xelaar with 1.4 thanks per post
    1. trending_up 632,252 views
    2. thumb_up 9,555 thanks given
    3. group 216 followers
    1. forum 4,580 posts
    2. attach_file 345 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

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

 
Search this Thread
 

GFIs1 1 DAX trade per day journal

(login for full post details)
  #3411 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received


guidoisot View Post
just to make sure, do I understand correct if I say it in this way:

"when the close of the 30 min bar starting at 09:00 is outside of yesterday range"

if yes, no need to reply.

thanks.

partly right: means if today's range 9:00 to 9:30 exceeds yesterday's (cash) range then a special SL rule applies

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to GFIs1 for this post:

Can you help answer these questions
from other members on futures io?
MCnet: (Multi-Timeframe) EMA @ Weekly Data on Daily Chart
MultiCharts
you cant wait for life is not hard anymore before you de …
Psychology and Money Management
Using fxd files in FXCM trading station
Platforms and Indicators
AUSuperTrend in the NT strategy builder
NinjaTrader
Price Action Swing Pro NT8
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
The Beast Slayer, Lances NQ Trading Journal
45 thanks
Spoo-nalysis ES e-mini futures S&P 500
22 thanks
Michael Burry warns the Mother of All Crashes is coming
21 thanks
FairX is launching soon
18 thanks
Chart Trader Alternatives ?
14 thanks
 
(login for full post details)
  #3412 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received

GFIs1 DAX trade per day journal is reflecting a "pattern trade system".
Special here is the view on every single weekday - from Monday to Friday.
Thus some rule sets (incl. SL) are giving hints on how and when to trade.
Of course giving the best entry and exit TIME for every week day according
previous day(s) as well as from the IB (means initial Balance) from 9:00 to 9:30
cash time.

With all that some trades give more and some less points. The goal is:
to have at the end MORE GAINS than Losses.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #3413 (permalink)
 Palais Brongniart 
Paris France + Dresden Germany
 
Experience: Advanced
Platform: Proprietary
 
Palais Brongniart's Avatar
 
Posts: 183 since Mar 2018
Thanks: 41 given, 199 received


Do you have a minimum risk-reward-ratio you shoot at? If not you need more gains than losses anyway.


GFIs1 View Post
With all that some trades give more and some less points. The goal is:
to have at the end MORE GAINS than Losses.

GFIs1


Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Palais Brongniart for this post:
 
(login for full post details)
  #3414 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received


Palais Brongniart View Post
Do you have a minimum risk-reward-ratio you shoot at? If not you need more gains than losses anyway.

Yes there is a risk-reward scenario: In my day trading results (since 2012) a optimized stop loss is on normal days 30 points. That means "wiggle room" for the development of a trade within the foreseen traded hours. On special circumstances this SL might be higher with 40 or max. 50 points.
The optimization came from hundreds of real trades. The real gain is a result given by such optimized stops.
Otherwise uncertain results....

Another indicator that shows rough waters is the Ichimoku cloud. When price is within daily cloud (such is the DAX since 6 days now) that indicates uncertain moves - which the system can not easily predict. On such occasion NO trade or staying at the sidelines is recommended.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #3415 (permalink)
 Palais Brongniart 
Paris France + Dresden Germany
 
Experience: Advanced
Platform: Proprietary
 
Palais Brongniart's Avatar
 
Posts: 183 since Mar 2018
Thanks: 41 given, 199 received

If your risk is 30 points, how much is your minimum reward you shoot at? E.G. I enter only trades with a minimum risk/reward of 1:3, means: in my setup I risk 1 dollar to earn 3. On a broader perspective, even if I am right only 27% of trades (hit rate), I still earn money.

E.g. If you risk 30 points in order to achieve 30 points (1:1) you need at least a hit rate of 55% which is very hard to achieve on a regular base. Maybe you are that good. I know big names in the industry, who consider it a great year if they achieve 42% hit rate. (With that they earn inhuman sums, because their risk/reward-ratio is great!).


GFIs1 View Post
Yes there is a risk-reward scenario: In my day trading results (since 2012) a optimized stop loss is on normal days 30 points. That means "wiggle room" for the development of a trade within the foreseen traded hours. On special circumstances this SL might be higher with 40 or max. 50 points.
The optimization came from hundreds of real trades. The real gain is a result given by such optimized stops.
Otherwise uncertain results....

Another indicator that shows rough waters is the Ichimoku cloud. When price is within daily cloud (such is the DAX since 6 days now) that indicates uncertain moves - which the system can not easily predict. On such occasion NO trade or staying at the sidelines is recommended.

GFIs1


Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to Palais Brongniart for this post:
 
(login for full post details)
  #3416 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received

@Palais Brongniart
To answer your question I made a short homework for you. I collected all trades 2018 shown in this thread.

Results Jan 2018 to April 2018:

Negative trades: 13
Sum of negative trades: -365 points
per negative trade: -28 points

Positive trades: 16
Sum of positive trades: 876 points
per positive trade: 51 points

TOTAL
29 trades gave 511 points. The average per trade was 23 points
Best trade gave 136 points (March 1st)
Worst trade gave minus 40 points

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 8 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #3417 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received

Dax long 9:30 to 13:30

entry @ 12544
exit @ 12548
result 4 points

GFIs1

small witch day Dax 13:00

PS: not really moving - as expected for single witch day

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #3418 (permalink)
 guidoisot 
Milan, Italy
 
Experience: Beginner
Platform: NinjaTrader, TWS
Trading: ES, Stocks
 
guidoisot's Avatar
 
Posts: 253 since Jan 2012
Thanks: 358 given, 150 received


GFIs1 View Post
Dax long 9:30 to 13:30

entry @ 12544

Hi
I see the entry is not price @ 9h30, but a price from 9h30 through 10h00. A "good entry", .... just few second before dax started to spike up. Do you look also to order book imbalances before/when deciding the entry?
Thanks.

Reply With Quote
 
(login for full post details)
  #3419 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received


guidoisot View Post
Hi
Do you look also to order book imbalances before/when deciding the entry?
Thanks.

There is no other deciding criteria than picking the "right" rule with entry time and exit time.
Today with small witch @13:00 is always a bit tricky as price may have some erratic moves.

Good trades
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #3420 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,538 since Feb 2012
Thanks: 5,363 given, 11,643 received


This week had 4 trades

one negative -20 points
three positive 12 + 17 + 4 points
Weekly result 13 points

Points since week 1: 515

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote
The following 6 users say Thank You to GFIs1 for this post:


futures io Trading Community Trading Journals > GFIs1 1 DAX trade per day journal


Last Updated on June 23, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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