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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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  #3771 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Broker: IB / DTN
Trading: Futures
 
Posts: 5,096 since Feb 2012
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Deetee View Post
I'm impressed with your strategy and like to follow it.
Your exit is 14:30. How do you deal with the volatility after 14:00? I mean, if I remember well, with the ECB last week the price first dropped let's say 100 points before jumping up again. I'm wondering, what kind of stoploss can cover this? Or do you rely on direction (today short) and put a very high stoploss?

Thanks
Dennis

Thanks Dennis for following.
In fact ECB is during cash hours in Europe. There are hefty movements ahead to be avoided.
US FED is before US cash hours and has not the same effect on the volatility.
Thus I am closing my trade before the official US trading starts.
And today I am sure to see NO change in the FED strategy - they will do nothing.
Hope this helps
Good trading
GFIs1

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  #3772 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Broker: IB / DTN
Trading: Futures
 
Posts: 5,096 since Feb 2012
Thanks: 5,127 given, 10,657 received

Today 13:00 - the Sep future will stop - so the December contract for futures trader will be taken instead.

Here DAX long 10:30 to 14:30
entry @ 12423
exit @ 12461
result 38 points

GFIs1

edit 11:55 - looks like the trade is on its way...

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  #3773 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Broker: IB / DTN
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Posts: 5,096 since Feb 2012
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This interesting week had 3 trades:

One negative: -5 points
two positive 9 + 38 points
Weekly result 42 points

Happy weekend
GFIs1

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  #3774 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,096 since Feb 2012
Thanks: 5,127 given, 10,657 received

This year had 34 GFIs1 trades plus 3 Walzer

Results:
GFIs1 trades: 663 points ( 19.5 points/trade)
Walzer trades: 200 ( 66.7 points/trade)
Total: 863 points

Happy weekend
GFIs1

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  #3775 (permalink)
Legendary Market Wizard
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Dax slumps down after Thomas Cook insolvency...

Dax short 9:30 to 14:30

entry @ 12357
exit @ 12329
result +28 points

GFIs1
well - the move had more drive... but my rules didn't squeeze out more today...

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  #3776 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Thanks: 5,127 given, 10,657 received

Today a down gap in the DAX cash. Complicated situation:

Will exceptionally take 2 trades:

Trade 1:
Dax short 9:30 to 10:30
entry @ 12248
exit @ 12180
result +68 points

Trade 2:
Dax long 10:30 to 13:30
entry @ 12180
exit @ 12167
result -13 points

Total: +55 points

GFIs1

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  #3777 (permalink)
Legendary Market Wizard
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Here a DAX 30m chart with some details:



GFIs1

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  #3778 (permalink)
Legendary Market Wizard
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Experience: Intermediate
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Posts: 5,096 since Feb 2012
Thanks: 5,127 given, 10,657 received

2nd to last of month today*:

DAX long 9:30 to 16:30

entry @ 12333
exit @ 12355
result +22 points

GFIs1

* some good points today and on Monday are ahead

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  #3779 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,096 since Feb 2012
Thanks: 5,127 given, 10,657 received

This week had 3 daytrades (Wednesday with 2 trades together)

Positive: 28 +55 +22 points
Weekly result: 105 points

Happy weekend
GFIs1

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  #3780 (permalink)
Legendary Market Wizard
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As we had interesting movements in the DAX last week I decided to give an insight on the ominous 3 lines shown in my last charts.
It is about the "Fibonacci Fan" which shows support and resistance LINES (not levels).
Annotation: those lines do not affect my trading in this thread - still the GFIs1 rules stand for every trade.

As I had the charts already I wanted to give a sneak insight into this technique. There are some traders using FibFan for their trading.
Here the study in 2 charts with two subsequent fibonacci fans in a row:
1 with the down FibFan and then the turning point in 2 the rising FibFan.

Chart 1:



Chart 2:


At the end I noted a predicting trend down. Which will be be seen hopefully on Monday. Check it out!

Details:
Chart one shows very good support and resisting zones. The DAX formed even a "W" .
In this chart one could easily trade point 2 long to 3, then short from 3 to 4 and finally a long long to 5 which are continuing in chart 2 adequately until point 9.
The results should have given positive points on every trade: the min. points for the short from 5 to 6 here.
Important to know that this tool works on all time levels.
A fibonacci fan can have more than only 3 lines - according to the fibonacci levels which are better known.

GFIs1

PS: There are more fibonacci tools to be found on fio. One thread of mine in the last 3 years is a special thread on fibonacci spirals here:

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