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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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  #3441 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

Dax long 9:30 to 14:30

entry @ 12729
exit @ 12734
result 5 points - well, had no direction

GFIs1

attention: USA NFP numbers 14:30

PS: 18:00h Price went up after NFP numbers
Means the above scenario might happen now

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  #3442 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

This week had 3 trades

one negative: -2 points
two positive: 74 + 5 points
Weekly result: 77 points

Points since week 1: 576

GFIs1

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  #3443 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received


Short week - just Monday and Wednesday trades on the plate.

Dax long 9:30 to 14:00

entry @ 12830
exit @ 12891
result 61 points

GFIs1

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  #3444 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

A higher Dax means normally more margin - especially at Interactive Brokers (IB) where pricing of the margin changes everyday and might under difficult situation even change intraday - be aware.

Thus here the actual margins for 1 future (25) of the Dax:
Intraday first contract: 15020
from second to x contracts: 12016
holding overnight: 2x intraday single contract, means 30040

All pricing in Euro.

GFIs1

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  #3445 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

Looks like some positive movement up after quitting the daily cloud is on its way.
No resistance here - some air up is there.
Even some points were left on the table - the system gave the still the best - direction, entry and exit.

some illustration here:



GFIs1

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  #3446 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

The Dax made in the last few years a jump from 7k to 13k points.
That means nearly doubling. At the sam time the margins jumped up and doubled.

What is the impact for one's account?
With one point in the Dax one makes 25 per contract gain or loss.
When the margins are doubled - you need more basic funds.
Calculated to the funds - if you only can handle half of the contracts
it means also half in gains per year. Real money and percentage.
Even if you have similar results with trading points over a year.

Higher indices do not mean more gains...
but the same trading effort

So choosing wisely which future one trades is primordial.

GFIs1

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  #3447 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

Dax short 11:30 to 15:30

entry @ 12951 (timing not bad)
exit @ 12907
result 44 points

GFIs1

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  #3448 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

This week had 2 trades

both positive: 61 + 44 points
Weekly result 105 points

Points since week 1: 681

GFIs1

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  #3449 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received

Not easy to go countertrend even when own bias is in the other direction.
Today taking the "normal" short trade on a Wednesday was more risky -
but the system gave the rules for some gains.

So scalping traders need to be more alerted to trade against the trade - especially
when the "wiggle room" has to be very limited.

Such trades are kind of proof for pattern trades.

Watch for those!
GFIs1

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  #3450 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,528 since Feb 2012
Thanks: 5,360 given, 11,620 received


Dax short 10:30 to 13:00

entry @ 13005
exit @ 12962
result 43 points

GFIs1

perfect entry - good exit
looks like we need a 3rd attempt to swim through the cloud

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