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GFIs1 1 DAX trade per day journal
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GFIs1 1 DAX trade per day journal

  #631 (permalink)
Market Wizard
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UPDATING RULES - looking back

For a trader - optimizing rules is always important.
First I am looking back to analyze the weekday results since a bit more than a year.

Weekday results of GFIs1 tweets from January 2 2012 to now

Total points of any weekday
Monday 232 points
Tuesday 15 points
Wednesday 520 points
Thursday 75 points
Friday 296 points
Total 1138 points

As I had posted in the thread last year - the results on Tuesdays and on Thursdays are not sufficient.
Even after a longer trading period - the daily trade on these two weekdays after GFIs1's rule are not
covering the broker's expenses

So some profound change in that balance has to be made NOW!

As I will not search for new rules for the small result weekdays - I am restricting my future GFIs1 day trades to:

Monday - Wednesday - Friday

This makes things much more easier without losing anything but WINNING TIME

So from now on there will be only three GFIs1 trades a week. This means a monday trade which did
not happen because of a holiday (likely to come right now) will be on a Tuesday instead.

Hope we get more great results and put more weight on the better weekdays.

Thanks for following
GFIs1

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  #632 (permalink)
Market Wizard
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Monday trade

US holiday: Presidents day

NO GFIs1 trade on a US holiday.

..attention - some vola might occur today

Therefore a Tuesday trade to start the week.

GFIs1

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  #633 (permalink)
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GFIs1 View Post
For a trader - optimizing rules is always important.
First I am looking back to analyze the weekday results since a bit more than a year.

Weekday results of GFIs1 tweets from January 2 2012 to now

Total points of any weekday
Monday 232 points
Tuesday 15 points
Wednesday 520 points
Thursday 75 points
Friday 296 points
Total 1138 points

As I had posted in the thread last year - the results on Tuesdays and on Thursdays are not sufficient.
Even after a longer trading period - the daily trade on these two weekdays after GFIs1's rule are not
covering the broker's expenses

So some profound change in that balance has to be made NOW!

As I will not search for new rules for the small result weekdays - I am restricting my future GFIs1 day trades to:

Monday - Wednesday - Friday

Very well done @GFIs1 !

The result isn't that surprising since the tendency of those two more weaker days alredy became apparent last year...so it's only consistent to cut these days out in the future.

So, keep up the good work !

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  #634 (permalink)
Market Wizard
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Tuesday trade

Dax long 09:30 to 15:00

entry @ 7656

exit @ 7714

result plus 48 points

risk - medium

outlook - week starts today after US holiday... a long only today..

GFIs1

PS: thanks to Adam Riese alias @Daytrader999 of course 58 points
looks like trading is easier than calculating


Last edited by GFIs1; February 19th, 2013 at 10:49 AM.
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  #635 (permalink)
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Futures Edge on FIO

Which time slot for our live webinar events works best for you?

 
..might touch 7730 before diving again..

GFIs1

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  #636 (permalink)
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..might touch 7730 before diving again..

GFIs1

...So, maybe you want to get out by time when 7730 is reached before you might give back too many points until 15.00 ? Just a suggestion, and NOT according to your rules...

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  #637 (permalink)
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GFIs1 View Post
..might touch 7730 before diving again..

GFIs1

Sweet Indeed. Thanks for your excellent work, hope to join in the journal fun later this year. Trend death confirmed if ES also drops its extensions in the pottty. Else we continue to flip chop.

Travel Well
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  #638 (permalink)
Market Wizard
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Daytrader999 View Post
...So, maybe you want to get out by time when 7730 is reached before you might give back too many points until 15.00 ? Just a suggestion, and NOT according to your rules...

.. according to my rules - I will exit as proposed
but indeed the push up was earlier and hefty.
As I mentioned in my first post - the trade might unfold
within the time foreseen - which is most of the time a
good entry/exit combo. With that a thorough follow-on
the trade should then not be necessary.
As always - some exceptions DO happen ;-)
Thanks @Daytrader999 for the good idea!

Happy trades!
GFIs1

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  #639 (permalink)
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GFIs1 View Post

entry @ 7656

exit @ 7714

result plus 48 points

@GFIs1:

48 points....are you sure ? Where do you 'hide' the missing 10 points ??

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  #640 (permalink)
Market Wizard
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Daytrader999 View Post
@GFIs1:

48 points....are you sure ? Where do you 'hide' the missing 10 points ??

...needed to fill up tomorrows minus

hehe - GFIs1

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