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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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  #401 (permalink)
Legendary Market Wizard
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This week had three trades

one trade with SL of minus 31 points
two trades positive with plus 5 and plus 58 points

weekly result plus 32 points
Points since week one plus 894

GFIs1

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  #402 (permalink)
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What are the rules for 30 point and 40 point stop losses? When do you opt for 40 point stop loss? The way I understand it 40 points are used on days with higher expected volatility. How do you define such days?

It would be easier to follow if you could post the size of the stop loss adjacent to your daily trade plan post.

Thanks for keeping us updated!

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  #403 (permalink)
Legendary Market Wizard
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Dax long from 10:30 to 13:00

entry @ 7212

exit @ 7218

result plus 6 points

risk - medium

outlook - expecting some upmove during this week and a turning point on friday.

GFIs1

Even with low volatility still nice to see that the pattern worked ;-)

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  #404 (permalink)
Legendary Market Wizard
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rounder8 View Post
What are the rules for 30 point and 40 point stop losses? When do you opt for 40 point stop loss? The way I understand it 40 points are used on days with higher expected volatility. How do you define such days?

It would be easier to follow if you could post the size of the stop loss adjacent to your daily trade plan post.

Thanks for keeping us updated!

Hi @rounder8

The normal SL is 30 points in most of the trades.
The 40 points is for volatile days.
I am posting this in my "risk" definition in the daily posting:
"medium" means SL 30 points
"high" means SL 40 points

Hope this helps
GFIs1

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  #405 (permalink)
Legendary Market Wizard
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Today Dax long from 11:00 to 12:30

entry @ 7204

exit @ 7202

result minus 2 points

risk - medium

outlook: slight upmove while waiting on news of the Euro in Germany. After the news quicker upmove probable.
Decision of the german high court is tomorrow 10:00

GFIs1

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  #406 (permalink)
Legendary Market Wizard
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Dax short from 11:30 to 15:30

entry @ 7374

exit @ 7360

result plus 14 points

risk - medium

outlook - bullish move before high court decision has already been reached near its end yesterday and today
expecting today a consolidation in the above mentioned hours

GFIs1

expecting discussed scenario despite the small win compared to the long side before

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  #407 (permalink)
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GFIs1 View Post
Dax short from 11:30 to 15:30

entry @

exit @

result

risk - medium

outlook - bullish move before high court decision has already been reached near its end yesterday and today
expecting today a consolidation in the above mentioned hours

GFIs1

I'm going to follow. My target is also reached. 7335 ans 7400. I've got one left 7446. I'm still bullish. But we gonna see.
Good luck GFI's 1

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  #408 (permalink)
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loeser View Post
I'm going to follow. My target is also reached. 7335 ans 7400. I've got one left 7446. I'm still bullish. But we gonna see.
Good luck GFI's 1

Thanks @loeser

This short trade is ONLY for today - expecting some bullish scene tomorrow again.
Then a retracement on friday seems high probable after the daily chart.
Good luck too!

GFIs1

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  #409 (permalink)
Legendary Market Wizard
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Dax short from 11:30 to 13:00

entry @ 7317

exit @ 7318

result minus 1 point (as expected - not much vola - may change after 18:30.. FED decision!)

risk - medium

outlook - not much vola expected - looks like per late afternoon bullish again..

GFIs1

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  #410 (permalink)
Legendary Market Wizard
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Last punch up today.. Dax long from 09:30 to 14:30

entry @ 7405

exit @ 7416

result plus 11 points

risk - medium

outlook - taking min. 7450 today before coming down with US data 14:30...

GFIs1

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  #411 (permalink)
Legendary Market Wizard
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This week had five trades

two trades negative with -1 and -2 points
three trades positive with plus 6, plus 14 and plus 11 points

Weekly result plus 28 points
Points since week one plus 922

GFIs1

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  #412 (permalink)
Legendary Market Wizard
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Dax long from 09:30 to 14:00

entry @ 7404

exit @ 7390

result minus 14 points

risk - medium

outlook - smaller movements today expected

GFIs1

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  #413 (permalink)
Legendary Market Wizard
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Dax long from 10:30 to 13:30

entry @ 7319

exit @ 7364

result plus 45 points

risk - medium

outlook - short pullback to dive more later

GFIs1

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  #414 (permalink)
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GFI, does the DAX roll over on the 21st onto the December Contract?

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  #415 (permalink)
Legendary Market Wizard
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Hi @Amnesia

..exactly - roll over day on friday: Triple Witch Day..

Will take the december contract from tomorrow. Never trade on roll over day on friday
if you are not already longer in a trade.
There are fellows that change the future already a week ahead of witching day.

GFIs1

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  #416 (permalink)
Legendary Market Wizard
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Dax short from 09:30 to 14:30

entry @ 7384 (DECEMBER contract here)

exit @ 7361

result plus 23 points

risk - medium

outlook - continuing the down move (to roll over Friday) downmove should still continue...

GFIs1

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  #417 (permalink)
Legendary Market Wizard
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Dax long 09:30 to 13:30

entry @ 7358

exit @ 7370

result plus 12 points

risk - medium

outlook - bullish into rollover

GFIs1

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  #418 (permalink)
Legendary Market Wizard
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Today Dax long from 10:30 to 14:30

entry @ 7411

exit @ 7445

result plus 34 points

risk - medium

outlook - continuation of the bullish trend

GFIs1

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  #419 (permalink)
Legendary Market Wizard
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This week had five trades

First trade negative with -2 points
Four trades positive with plus 45, plus 23 and plus 12 plus 34 points

Weekly result plus 112 points
Points since week one plus 1034

GFIs1

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  #420 (permalink)
Legendary Market Wizard
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Today a Dax SHORT will be taken from 10:30 to 16:00

entry @ 7424

exit @ 7417

result plus 7 points

risk - medium

outlook - trend still bullish - vola not high - 7380 should be reached

GFIs1

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  #421 (permalink)
Legendary Market Wizard
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Dax long from 11:00 to 12:30

entry @ 7384

exit @ 7392

result plus 8 points

risk - medium

outlook still small vola expected

GFIs1

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  #422 (permalink)
Legendary Market Wizard
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Dax long from 10:30 to 13:30

entry @ 7318

exit @ 7310

result minus 10 points

risk - medium

outlook - some retracement intraday

GFIs1

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  #423 (permalink)
Legendary Market Wizard
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Dax short 11:30 to 13:00

entry @ 7312

exit @ 7318

result minus 6 points

risk - medium

outlook - not high vola expected - after the short the bulls may take over again

GFIs1

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  #424 (permalink)
Legendary Market Wizard
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Dax long 09:30 to 14:30 (before US numbers)

entry @ 7328

exit @ 7298 (SL)

result minus 30 points

risk - medium

outlook - bullish to finish 3rd quarter - TP min. 7412

GFIs1

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  #425 (permalink)
Legendary Market Wizard
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Negative week to end 3rd quarter:

Five trades taken:
two positive trades (7 + 8 points)
three negative trades (-8 - 6 - 30 points)

Weekly result minus 29 points

Total points since week 1: now 993 points
(last weeks total had a 12 point error)

Looking forward to a interesting last quarter now.

GFIs1

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  #426 (permalink)
Legendary Market Wizard
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Dax long from 09:30 to 14:00

entry @ 7291

exit @ 7287

result minus 4 points

risk - medium

outlook - back to 7400?

GFIs1

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  #427 (permalink)
Legendary Market Wizard
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Dax long 11:00 to 12:30

entry @ 7359

exit @ 7365

result plus 6 points

risk - medium

outlook bullish in that sideways movement

GFIs1

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  #428 (permalink)
Legendary Market Wizard
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Dax short 10:30 to 13:00

entry @ 7307

exit @ 7311

result minus 4 points

risk - medium

outlook - Germany has a holiday - no big volume expected - in fact 43k up to now - which is about half of the normal

GFIs1

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  #429 (permalink)
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GFIs1 View Post
Dax short 10:30 to 13:00

entry @ 7307

exit @ 7311

result minus 4 points

risk - medium

outlook - Germany has a holiday - no big volume expected - in fact 43k up to now - which is about half of the normal

GFIs1

What was the size of your stoploss today? Medium means 30 points right?

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  #430 (permalink)
Legendary Market Wizard
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Hi @rounder8

Right - SL was 30 points!
My broker showed a max @ 7337 - and my SL was not filled :-)
Otherwise it would have been a minus 30 points!
Anyway - on such low volume days a "not-to-wide-stop"
is much better than to get lost in a market-maker move
that shakes everything out.
This is a hint to NOT trade during low-vol days...

Good trades
GFIs1

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  #431 (permalink)
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I have been following the system (after finishing statistical analysis with very positive results) with accuracy of +-100 millisecond on large majority of the fills. I traded it with real money so fills are perfectly realistic. I have paid lot of attention to the accuracy of the fills to follow the results of GFIs1's postings.

Tick size of the DAX future contract is 0.5 while GFIs1 only posts only even numbers. There is a reason to this and it is to make result look better than they actually would be. This has a minor but noticeable effect on outcome. On average I get 0.9 points worse fills than GFIs1 on each day (22.5 EUR/contract). I have never got a better fill than GFIs1, not even a single time (out of 22 occurences, entries and exits).

I've seen some claims of stop magically not getting filled before in this journal (when price slightly crosses stoploss amount). I decided to believe in this magic at first. Today however, high price on December 2012 DAX future was 7338.0 according to CQG data while GFIs1 claims he didn't get stopped out with his stoploss 2 ticks below. This is _very_ unlikely scenario and most likely these results are widely manipulated to show much better than actual executions on real life. Today I got stopped out with slippage for 775 EUR while GFIs1 only managed to lose minor amount and not getting stopped. My fills for today was 7306.5 (vs 7307) and 7337.5 for stoploss (1 point slippage).

The aggregate effect of manipulating fill prices and especially not reporting stoplosses honestly is that these results are bogus and they should not be considered as any kind of track record. Instead this is a proof of this person tendency to create scams. People, please don't be fooled!

PS. I can back up my claims with brokerage statements.

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  #432 (permalink)
Legendary Market Wizard
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To discuss this occurence here in depth - we had low volume in the market
due to Germany's "Tag der Deutschen Einheit" which is a country-wide holiday.
In the trading time we had two highs @ 11:29 with 597 contracts and @ 11:46 with
418 contracts. The high was in both cases very thin and the minute chart shows this
with candles with long wicks. This means not ALL stoploss or bids were filled at highest
price.
Here the one-minute chart:



Not every broker is filling the same way - so the SL setting may be slightly different to avoid
problems - regarding the experience with one's broker.

Hope this helps
GFIs1

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  #433 (permalink)
Bangkok, Thailand
 
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GFIs1 View Post
To discuss this occurence here in depth - we had low volume in the market
due to Germany's "Tag der Deutschen Einheit" which is a country-wide holiday.
In the trading time we had two highs @ 11:29 with 597 contracts and @ 11:46 with
418 contracts. The high was in both cases very thin and the minute chart shows this
with candles with long wicks. This means not ALL stoploss or bids were filled at highest
price.
Here the one-minute chart:



Not every broker is filling the same way - so the SL setting may be slightly different to avoid
problems - regarding the experience with one's broker.

Hope this helps
GFIs1

If I have understood correctly the way how centralized exchange like EUREX works then everyone should have equal fills as long as the orders are registered in the order book of the exchange (which I'm sure your stop loss order has been because it had been there pending for long time). Stop loss orders is same as market order as long as there is ONE OR MORE trades occurring in the price of the stoploss level or beyond. So every single stop loss should be filled in this circumstance unless somehow your order was not in the central orderbook. I have never got "positive slippage" on stoploss order like you seemed to get here. Not even once during my life. In theory it shouldn't even be possible especially if the price wasn't just touched but instead it was crossed. It seems highly unlikely to me. Correct me if I'm wrong (with some evidence).

That being said I think these results are not realistic and should not be considered. I find it pointless to argue about this, let this be a warning for everyone getting too excited about this.

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  #434 (permalink)
Legendary Market Wizard
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Even if I can not see any "crossing" of price in my chart above 7337 during the trade
I have to consider that:

1) when in february the thread was started - Dax was @ 67xx
2) today we are around @ 73xx

So the system's SL might be now to dense comparing a percentage previewed to avoid higher losses.

Conclusion to this Dax range SL-settings for the future:
medium risk days: 33 points
high risk days 44 points

This should us keep in silent water.

GFIs1

IMPORTANT NOTE: this thread (thanks to BigMike's great forum) is not selling any system - nor is it
a "trading room" for free. This thread and the GFIs1 system is to test a previewed every day trade
scenario to compare its results with the market.
As far as I can see adjacent threads today - there is NO other input to preview a trade with exact
entry time, exit time and direction. If there are others - please let me know.

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  #435 (permalink)
Legendary Market Wizard
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Dax long from 09:30 to 13:00

entry @ 7353

exit @ 7320 (SL)

result minus 33 points

risk - medium

outlook - up to 74xx

GFIs1

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  #436 (permalink)
Legendary Market Wizard
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Dax short 09:30 to 14:30

entry @ 7321

exit @ 7354

result minus 33 points

risk - medium

outlook - small consolidation - awaiting US numbers in the afternoon

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  #437 (permalink)
Legendary Market Wizard
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Bad start in the last quarter
Five trades taken -
one positive 6 points
four negative (2 with SL) - 74 points

Total this week: minus 68 points

Total points since week 1: 925 points

GFIs1

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  #438 (permalink)
Legendary Market Wizard
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In the daily chart we see that the price of the Dax has danced around the black
spiral since two weeks. This consolidation phase will end around end of next
week as the Kumo "sideways" form ends there.
Then a new bullish phase should bring the price over the last high @ 7484.
This is shown with the red arrow.
Price should push higher (7650?) and reach a new peak around the last day of
October. From there a new consolidation phase may play during November.
This is marked with the green vertical line as top of the Kumo (Cloud).
Looking forward to see a year end rally.




GFIs1

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  #439 (permalink)
Legendary Market Wizard
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Thanks: 5,246 given, 11,064 received

In answering some incoming questions to Ichimoku cloud on posted Dax chart here:

The cloud shows some support / resistance zone which moves with the price development.
How we can see that price will not fall significantly in the next eight weeks:

1) Price is normally attracted by a horizontal line of the opposite side of the Kumo. (Bullish as Bearish Kumo)
If there is no opposite horizontal line - a price crossing the Kumo at that point is not probable.
2) A shrinking Kumo signifies some weakening of the support / resistance. The opposite is true
when the Kumo is thickening - this makes it nearly impossible of price crossing that cloud.

A view on the posted chart shows that a) there is no horizontal opposite cloud line and
b) the Kumo is thickening until the mentioned "peak" will happen. From there the support will
fade - and the "consolidation" happens again.

That easy. Hope this helps!

GFIs1

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Legendary Market Wizard
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Dax short 10:00 to 12:30

entry @ 7299

exit @ 7290

result plus 9 points

risk - medium

outlook - waiting for bullish outbreak later this week

GFIs1

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Legendary Market Wizard
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Dax short 09:30 to 16:30

entry @ 7264

exit @ SL 7297

result minus 33 points

risk - medium

outlook - only one direction today - which did not happen

GFIs1

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  #442 (permalink)
Legendary Market Wizard
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Dax short 10:30 to 13:00

entry @ 7239

exit @ 7216

result plus 23 points

risk - medium

outlook - up near VWAP of yesterday @ 7260 and then short again - some support @ 7192

GFIs1

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  #443 (permalink)
Legendary Market Wizard
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Dax long 10:30 to 13:00

entry @ 7241

exit @ 7259

result plus 18 points

risk - medium

outlook - turning point seems here today - now up again

GFIs1

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Legendary Market Wizard
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Dax long from 09:30 to 14:30

entry @ 7281

exit @ 7248 (SL)

result minus 33 points

risk - medium

outlook - continuing bullish move - might give a nice upmove (good volume already)

GFIs1

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  #445 (permalink)
Legendary Market Wizard
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Early stop loss... (not previewed)
Price started within the 60 minutes..
That was within the 60' cloud!

Which means always - be aware...
so the price move down was bit(ssss) more than previewed
Even the trade in its span has not finished yet
there is a new alert on such entering there!!
for a friday's trade ;-)))

GFIs1

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  #446 (permalink)
Legendary Market Wizard
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Neutral week

Took five trades:
two went into SL (-33 each)
three trades positive (+9, +39, +18)

Weekly result plus 0 points.

Looks like consolidation here ends and some
break out next week should happen.

GFIs1

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Legendary Market Wizard
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Dax long 09:30 to 13:00

entry @ 7288

exit @ 7292

result plus 4 points

risk - medium

outlook - bullish scenario - volume high - interestingly Initial Balance (30 min) today made the same way as Friday all day

GFIs1

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Legendary Market Wizard
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Dax long 11:00 to 12:30

entry @ 7311

exit @ 7319

result plus 8 points

risk - medium

outlook - still bullish - not much vola expected for trading time

GFIs1

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  #449 (permalink)
Legendary Market Wizard
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Dax short from 10:30 to 13:00

entry @ 7385

exit @ 7394

result minus 9 points

risk - medium

outlook - some consolidation today on this high level before moving up more

GFIs1

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Legendary Market Wizard
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Dax short 11:30 to 13:00

entry @ 7421

exit @ 7420

result plus 1 point

risk - medium

outlook - not much vola expected today - tomorrow bullish again

GFIs1

comment: in this very bullish area (GFIs1's expectation 76xx soon) it is not easy
to get the pullbacks with normal vola... - so glad to exit without troubles here
on this retracement move. :-)

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Legendary Market Wizard
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Seeing a friday 9 to 9:30 candle red..
From there some upmove to new high might take place.
So the last high of 7484 will be taken out.. - 7512 highly probable.

Looking forward to tomorrow's Dax development.

GFIs1

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Did not happen as previewed in yesterday's posting.

Dax short 09:30 to 13:30

entry @ 7425

exit @ 7398

result plus 27 points

risk - medium

outlook - consolidation with not much vola expected - bullish next week

GFIs1

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  #453 (permalink)
Legendary Market Wizard
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This week was finally better than the three previous.
Took five trades - one with zero points and four with positive result.

Weekly total 40 points.
Total points since week 1: 965

GFIs1

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  #454 (permalink)
Legendary Market Wizard
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Our big picture of the daily Dax chart 2 weeks ago was from October 5th.
Today we are 2 weeks in the development and I am taking the chart from there
and compare it to the real result after these two weeks.
Result is impressing as the turning point was exactly hit - the rising price as
previewed - and I expect to see the peak point in that development still for
end of october. (Price might hit 76xx then)
Take a look @ the two charts here:



GFIs1

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Legendary Market Wizard
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Dax short 09:30 to 14:00

entry @ 7368

exit @ 7370

result minus 2 points

risk - medium

outlook - still consolidating in a bullish move

GFIs1

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  #456 (permalink)
Legendary Market Wizard
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Dax short 11:00 to 13:30

entry @ 7265

exit @ 7233

result plus 32 points

risk - medium

outlook - another red day (tomorrow should turn..)

GFIs1

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  #457 (permalink)
Legendary Market Wizard
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After yesterday's drop in the Dax - there will be no trade today as the volatility
was too high for a normal rule today. This helps to avoid some negative points here.

Anyway - the outlook is: bullish move again - first retracement and then higher highs
expected til' the end of october.

GFIs1

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Legendary Market Wizard
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Looks like a bullish day for the DAX.
Taking a long from 09:30 to 13:30.

entry @ 7203

exit @ 7241

result plus 38 points

risk - medium

outlook - back on track to finally complete the bullish direction in this swing.

GFIs1

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  #459 (permalink)
Legendary Market Wizard
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Dax short 09:30 to 13:30

entry @ 7181

exit @ 7174

result plus 7 points

risk - medium

outlook - another down day this week (sic!)

GFIs1

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  #460 (permalink)
Legendary Market Wizard
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This week had four trades

one negative trade (-2 points)
three positive trades (32 + 38 + 7 points)

Total weekly result plus 75 points

GFIs1

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Legendary Market Wizard
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Today Dax short from 10:00 to 11:00

entry @ 7200

exit @ 7184

result plus 16 points

risk - medium

outlook - not much vola expected - US floor trading missing today...

GFIs1

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  #462 (permalink)
Legendary Market Wizard
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Dax long 11:00 to 12:30

entry @ 7266

exit @ 7271

result plus 5 points

risk - medium

outlook - after a nice upmove in the opening some faster upmovements expected today and tomorrow
as outlined in some previous posts - on the way to a new high.

GFIs1

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Legendary Market Wizard
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Dax long from 09:30 to 14:30

entry @ 7327

exit @ 7323

result minus 4 points

risk - medium

outlook - expecting a retracing after 09:00 to turn long for the rest of the day..

GFIs1

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  #464 (permalink)
Legendary Market Wizard
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Dax long 10:30 to 13:30

entry @ 7263

exit @ 7307

result plus 44 points

risk - medium

outlook - still strong support around this level

GFIs1

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Legendary Market Wizard
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Dax short 09:30 to 14:30

entry @ 7340

exit @ 7373 (SL)

result minus 33 points

risk - medium

outlook - small vola expected - slight move down

GFIs1

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  #466 (permalink)
Legendary Market Wizard
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This week had five trades

two negative trade (-2 -33 points)
three positive trades (16 + 5 + 44 points)

Total weekly result plus 28 points
Total points since week one: 1068 points

GFIs1

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Legendary Market Wizard
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Dax short 09:30 to 14:00

entry @ 7310

exit @ 7323

result miuns 13 points

risk - medium

outlook - some consolidation in this range

GFIs1

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  #468 (permalink)
Legendary Market Wizard
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Dax short 11:00 to 12:30

entry @ 7366

exit @ 7371

result minus 5 points

risk - medium

outlook - still consolidating on this level before moving up

GFIs1

PS: very bullish today... - looks very good for a long this afternoon (US pay day) ;-)

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Legendary Market Wizard
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Dax short 09:30 to 14:30

entry @ 7417

exit @ 7329

result plus 88 points

risk - medium

outlook - retracement day before seeing new long days

GFIs1

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  #470 (permalink)
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Very nice work. I'm also a Dax trader full-time for more than a year now. And I trade only the Dax. Also with IB. Very nice work. How long are you trading the Dax?

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Why do you long days ahead and not further retracement to 7130 level. A very impulsive down bar is developing....

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Legendary Market Wizard
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Hi @Eyalor8

Thanks for input - I am trading the Dax more than 3 years - this makes it easier to follow the sometimes
"weird" movements...

In answering your question: I have some trading rules connected with every weekday - it does not matter
where the levels are - as I am only trading with these rules. The result shows at least some consistency ;-)
Good trades!

GFIs1

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Thanks GFI. I'm very lonely with the Dax here in Israel. So I guess I'll continue to follow your posts. Very interesting...

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Legendary Market Wizard
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No GFIs1 trade for Thursday
as Wednesday trade was exceeding 150 points...
Looking forward to Friday's trade.

GFIs1

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Concerning the Friday trade - am I right to assume your weekday rule is to go short? Just checking.

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  #476 (permalink)
Legendary Market Wizard
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Eyalor8 View Post
Concerning the Friday trade - am I right to assume your weekday rule is to go short? Just checking.

For the coming friday - I have no idea to where the journey goes...
The rule set looks for the first 30 minutes after the opening - so the entry time, exit time and SL
are fixed at 9:30 of any trading day.
Rules depend on the day itself (weekday), on the previous day - on eventual gaps, and on parts
of the Ichimoku chart plus on important upcoming announcements like ECB, FED etc.
Therefore I don't have one rule for every day but a set of rules depending on chart and events
as you can easily see when you look at past entry/exit times in this thread.

GFIs1

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Legendary Market Wizard
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Dax long 09:30 to 13:30

entry @ 7193

exit @ 7160 (SL)

result minus 33 points

risk - medium

outlook - some back above 7200 highly possible

GFIs1

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  #478 (permalink)
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Thanks. I agree, but this is aiming for small profit and rather risky since this first wave is rather impulsive. The first wave is about to end soon I hope, and the peak of the 2nd wave could offer a less risky short. I believe the peak would come around 13:00 your time.

Eyal

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Legendary Market Wizard
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Looks like a washout day... no more buyers here
Done for the week!


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Tel-Aviv Israel
 
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GFI, I honestly deeply appreciate your work. You need a lot of courage and discipline to put yourself on the line like that for all the world to see, almost each and every trading day for so long. I read almost every post in this thread and I can only say one thing: "chapeau". What I really like in this thread is your professional and positive attitude at all times. Keep the heads on approach. If you still need my vote - you have it.

Eyal

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Legendary Market Wizard
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This week had four trades.

Three negative trades, one of them with Stop Loss (-13, -5, -33)
One positive trade (88 points)

Weekly result plus 37 points.

GFIs1

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  #482 (permalink)
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GFIs1 View Post
This week had four trades.

Three negative trades, one of them with Stop Loss (-13, -5, -33)
One positive trade (88 points)

Weekly result plus 37 points.

GFIs1

Great trading GFI. Glad to see someone making money on DAX. One of my favorites.

Thanks
Hector

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  #483 (permalink)
Legendary Market Wizard
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Eyalor8 View Post
GFI, I honestly deeply appreciate your work. You need a lot of courage and discipline to put yourself on the line like that for all the world to see, almost each and every trading day for so long. I read almost every post in this thread and I can only say one thing: "chapeau". What I really like in this thread is your professional and positive attitude at all times. Keep the heads on approach. If you still need my vote - you have it.

Eyal

Thanks for the roses

To keep it simple - there is ONE trading rule to not forget:

Follow your trading plan !!!

This is by far the best money managment ;-)

To get some excellent views about that rule - please have a look at the last Webinar of Jeff Quinto here on futures.io (formerly BMT).
He has put a remarkable slide to that theme which brings you to the "circle of success".




GFIs1

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  #484 (permalink)
Legendary Market Wizard
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Dax long 10:30 to 13:00

entry @ 7161

exit @ 7181

result plus 20 points

risk - medium

outlook - price rests still in daily Kumo - direction not very clear - but bullish expected

GFIs1

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  #485 (permalink)
Legendary Market Wizard
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Posts: 5,304 since Feb 2012
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Dax short 10:00 to 12:30

entry @ 7118

exit @ 7151 (SL)

result minus 33 points

risk - medium

outlook - not much movement expected

GFIs1

PS: Trend seemed ok - entry time not...
looking for double bottom @ 7063 - to see more bullish movements

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  #486 (permalink)
Legendary Market Wizard
Switzerland
 
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Dax short 09:30 to 14:30

entry @ 7157

exit @ 7156

result plus 1 point

risk - medium

outlook - consolidating - price still in daily Kumo - means some undecision

GFIs1

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  #487 (permalink)
Legendary Market Wizard
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Dax long 09:30 to 13:30

entry @ 7073

exit @ 7040 (SL)

result minus 33 points

risk - medium

outlook looking bullish today/tomorrow

GFIs1

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  #488 (permalink)
Legendary Market Wizard
Switzerland
 
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Dax long 09:30 to 13:30

entry @ 7045

exit @ 7012 (SL)

result minus 33 points

risk - medium

outlook - weak signal - not expecting big move (daily still in Kumo - so oscillating is high)
...had to kill the 7'000 limit today ;-)

GFIs1

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Legendary Market Wizard
Switzerland
 
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This week had 5 trades

Three negative trades - all three with SL of 33 points :-(
Two positive trades with 20+1 points

Total weekly result minus 78 points

Total points since week 1: plus 1027

GFIs1

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Legendary Market Wizard
Switzerland
 
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Took the time and made an effort to put the spot on my system with different rules
for every weekday in the Dax.
As you know there are different rules for every weekday - now looking back this year
it would be nice to know which weekday gave the best results so far - and which
day might be skipped.

Here are the results:
Weekday's total twittered points from January 2nd to now
Monday 239 points
Tuesday 40 points
Wednesday 352 points
Thursday 105 points
Friday 281 points
TOTAL 1027 points

Conclusion
Looking back to the efforts - I could certainly skip Tuesday's trades in the future - as for
so many trades I took in these 46 weeks to "earn" less than 1 point per week - I need to say:
Forget about!
Instead of finding a more adequate rule set for Tuesday: "ONE DAY MORE OFF!" - hehe...
That should be a good economic approach.
Looking to put most weight (in cars) on Wednesday and Friday should bring top results.

GFIs1

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Legendary Market Wizard
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Looking back into the last bigger picture mid october (post #454) new highs were not made.
Price was falling back into the red Kumo. Support did not hold and price went into the middle
of the Kumo. As the cloud weakend from Nov. 13th price support was breaking away and as
of yesterday the price crossed Kumo border underneath.
So the scenario for a year end rally has to be written new:
Expecting price going further down to the 6850 level (low around 6833).
From start December some retracement up could be seen to an upper resistance level of 7180
area. From there (Beginning Jan. 2013) some further consolidation back south highly probable.
At least some less volatile movements ahead...



GFIs1

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Legendary Market Wizard
Switzerland
 
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New week - new horizons...
Happily Thanksgiving is not during trading days this week :-)

Dax short 10:00 to 11:00

entry @ 7035

exit @ 7046

result minus 11 points

risk - medium

outlook - continuing downmove (this week)

GFIs1

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Legendary Market Wizard
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Dax long 11:00 to 12:30

entry @ 7122

exit @ 7144

result plus 22 points

risk - medium

outlook - price still in daily Kumo - some volatility is normal

GFIs1

PS in the afternoon - looks good to touch 7199 - great preparation for Wednesday's upcoming short

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  #494 (permalink)
Tel-Aviv Israel
 
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Hello GFI,
Good to have you back. For some reason didn't receive your posts for a few days. Thought you quit. I'm sitting in front of the DAX right now not knowing exactly what to do. Deliberating with myself whether to go short at 13:00 which is often a turning point, and it is a little overbought already. Looking at recent weeks I thought Monday would be the less profitable.
Also, thanks for the slide.


Eyal

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Legendary Market Wizard
Ilsede, Germany
 
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GFIs1 View Post
Dax long 11:00 to 12:30

entry @ 7122

exit @ 7144

result plus 22 points

So, that result is a bit contrary to your weekday analysis regarding more negative Tuesdays...but who cares if it goes the right direction...

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Legendary Market Wizard
Switzerland
 
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Daytrader999 View Post
So, that result is a bit contrary to your weekday analysis regarding ..Tuesdays...

Well read! The rule set will be altered to New Year. Goal of this years log is to get a complete track record for one
year. From there some changes are foreseen.
With all year's data some proper calculations can be made. I think this is worth the effort.

Good trades!
GFIs1

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Legendary Market Wizard
Switzerland
 
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Dax short 10:30 to 14:30

entry @ 7189

exit @ 7183

result plus 6 points

risk - medium

outlook - consolidation after two long days

GFIs1

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Legendary Market Wizard
Switzerland
 
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No trade today - US holiday.

Not much movement in Dax expected.
Up-Gap might be closed tomorrow.

GFIs1


Edit @ 12:30: after half of the trading day we can see a volume of 35K... which is very low.
A normal trading day has 130 to 180K in total.

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Legendary Market Wizard
Switzerland
 
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Posts: 5,304 since Feb 2012
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Dax short from 11:00 to 16:00

entry @ 7255

exit @ 7288 (SL)

result minus 33 points

risk - medium

outlook - IFO numbers after 6 negative months now positive - expecting some cash-in today - price still in daily Kumo

GFIs1

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How many contracts do you put on during a given trade these days?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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