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



GFIs1 1 DAX trade per day journal


Discussion in Trading Journals

Updated by GFIs1
      Top Posters
    1. looks_one GFIs1 with 3,094 posts (7,477 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 520,523 views
    2. thumb_up 8,678 thanks given
    3. group 197 followers
    1. forum 4,165 replies
    2. attach_file 320 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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)
  #41 (permalink)
Ohio
 
 
Posts: 8 since Nov 2009
Thanks: 0 given, 1 received


GFIs1 View Post
Last day of february

Taking a DAX short here 09:30 @ 6938
exit for 14:30 (before US numbers)

GFIs1

is there any reason for taking a short trade 6970 seams to be
the next resistance level, on the other hand S&P is at the high of the
day so that could lead to an reversal...

at 9:55 we have important job numbers from germany
lets see how the market will go...

Reply With Quote

Can you help answer these questions
from other members on futures io?
Where is the link to download GomiRecorder?
NinjaTrader
PASPro won't show on a chart for certain combinations of ticks per bar and currencies
NinjaTrader
Horizontal Line Indicator
Platforms and Indicators
Trading based on Price and Volume chart reading (wyckoff methodology)
Traders Hideout
DLL with webrequest function for MC
MultiCharts
 
 
(login for full post details)
  #42 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 received


tradereight View Post
is there any reason for taking a short trade 6970 seams to be
the next resistance level, on the other hand S&P is at the high of the
day so that could lead to an reversal...

at 9:55 we have important job numbers from germany
lets see how the market will go...

Hi tradereight

Thanks for your input!
After the rally from the last days the battle for DAX 7000 seems to be a little early.
My short was because:
Following my Rules. :

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #43 (permalink)
Chonburi
 
 
Posts: 9 since Feb 2012
Thanks: 0 given, 0 received


hi

I am short in the Dax too

my SL is 6963

what SL do you have?

thanks for sharing

Reply With Quote
 
(login for full post details)
  #44 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 received

Hi TenCent

My SL is 30 points for this day - means 6968.
As the previous high was 6975 - a SL @ 6978 might be appropriate.
Though I think the SL is not the theme today.
Precision for this statement: Price will not build a double top
here because the the next higher levels are in the view...
7K+
Much more looking
for a nice exit.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #45 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 received

strange enough - even my SL price level was touched
the SL was not filled

Looking forward :-)

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #46 (permalink)
Ohio
 
 
Posts: 8 since Nov 2009
Thanks: 0 given, 1 received

just exited my long trade at 6970 resistance level

maybe soon we get a short setup, but we should have
longer up trends today as it is the last day of the month (window dressing)

Reply With Quote
 
(login for full post details)
  #47 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 received

2 cents:

1) The bulls may come with the US numbers after 14:30h.
2) We note an Up-gap today which is still not closed..

which leads me to be cautious with longs before US numbers mentioned

GFIs1

***looking for 6865 (VWAP yesterday)***

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #48 (permalink)
Ohio
 
 
Posts: 8 since Nov 2009
Thanks: 0 given, 1 received


GFIs1 View Post
2 cents:

1) The bulls may come with the US numbers after 14:30h.
2) We note an Up-gap today which is still not closed..

which leads me to be cautious with longs before US numbers mentioned

GFIs1

***looking for 6865 (VWAP yesterday)***

I agree with you, a good correction down to VWAP level would be perfect for us daytraders :-)
at the end of the day for the dax index it will still be a positive day if we close above 6890 on,
i am now also short (now that VWAP line on 1 min chart clearly points south I used the rally to enter
short at 6933)

congratulation to your 30 points :-) but as said entering after news releases might give you a better risk reward factor ...

Reply With Quote
 
(login for full post details)
  #49 (permalink)
Chonburi
 
 
Posts: 9 since Feb 2012
Thanks: 0 given, 0 received

hi

thanks a lot for sharing your views about the Dax

also my Congratulations for your winning Points

I was away from my PC - and just see now, my SL was hit

Reply With Quote
 
(login for full post details)
  #50 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 received


To be honest - I have a rule for the last day in the month which does not include german numbers in any case.
As I am here only doing 1 trade for the day it is not allowed to invert a trade intraday. This is why my entry is in the morning with a high probability for a triggered direction and to follow that trade to close it before US trading is starting.
Congrats for your day high long which worked fine.

GFIs1

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


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


July 31, 2020


Upcoming Webinars and Events
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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