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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

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  #3411 (permalink)
 GFIs1 
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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

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  #3412 (permalink)
 GFIs1 
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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

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  #3413 (permalink)
 Palais Brongniart 
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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


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  #3414 (permalink)
 GFIs1 
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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

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  #3415 (permalink)
 Palais Brongniart 
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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


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  #3416 (permalink)
 GFIs1 
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@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
Ř per negative trade: -28 points

Positive trades: 16
Sum of positive trades: 876 points
Ř 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

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  #3417 (permalink)
 GFIs1 
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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

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  #3418 (permalink)
 guidoisot 
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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.

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  #3419 (permalink)
 GFIs1 
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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

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  #3420 (permalink)
 GFIs1 
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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

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