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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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  #541 (permalink)
 GFIs1 
Legendary Market Wizard
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...back your morning gains in the afternoon. So often heard
Looking at our Dax movements of today in a very low volume session (<50K before US opened)
we see moves without a clear direction.
It is always tempting to jump right in - where no real signal can be seen.
Easy to lose a lot - instead of keeping the gains in hand and protecting capital.



GFIs1

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  #542 (permalink)
 GFIs1 
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After the above described uncertainty of direction - suddenly the breakout came
and made everything clear - direction more south.
Difficult to see the trend clearly. Most obvious was that a breakout out of the rectangle
will happen:



In fact for our setup in this thread with only morning starts such a trade was out of discussion.

GFIs1

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  #543 (permalink)
 GFIs1 
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Dax long 11:00 to 12:30

entry @ 7726

exit @ 7742

result plus 16 points

risk - medium

outlook - some erratic moves possible due to still very low volume in the Dax

GFIs1

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  #544 (permalink)
 GFIs1 
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Question is often - how many consecutive days are to be seen if a trend is on its way.
Thanks to a chart by Chad from Linnsoft I was quenching out the data for the Dax.
Now - if you think back to the last 4 months - how many days in ONE direction were to be seen?
Four, Five, Six, Seven or more days?
Have a look here:



Answer is five on the short and six on the long side.

GFIs1

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 GFIs1 
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Dax short 09:30 to 12:00

entry @ 7729

exit @ 7701

result plus 28 points

risk - conflicting rules - tight stop

outlook - after good numbers of Alcoa price started higher - but further downmove expected

GFIs1

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  #546 (permalink)
bkk888
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I am following this thread, thanks for sharing your journal.

Could you please explain how you choose entry and exit times?

Todays trade is risk conflicting because there is green 30 minute candle at the open whereas the probability that the DAX goes down on Wednesday is high. Is that correct?

What is the stop loss today? is it 10? Thank you.

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  #547 (permalink)
 GFIs1 
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Hi @bkk888

Thanks for your Input.
Stop I had set today to 10 - correct.
Entry time (as well exit) is earlier today - rule after two previous short days.

Good trades
GFIs1

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 GFIs1 
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Dax short 09:30 to 13:00

entry @ 7718

exit @ 7748 (SL)

result -30 points

risk - medium

outlook - ECB decision 13:45h - unfortunately still low volume

GFIs1

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 GFIs1 
Legendary Market Wizard
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Dax long 9:30 to 13:30

entry @ 7722

exit @ 7707 (SL)

result minus 15 points

risk - tight stop (15)

outlook some bullish move expected - which will not come ;-)

GFIs1

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 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
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Trading: Futures
 
Posts: 5,530 since Feb 2012
Thanks: 5,361 given, 11,628 received


This week had five trades

Three positive and two negative trades:

Positive (13+ 16 + 28 points)
Negative (-30SL - 15 tight SL)

Total weekly result plus 12 points

Left some points on the table - ECB decision day was bad.

Looking positively forward to the next weeks.

GFIs1

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