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GFIs1 1 DAX trade per day journal
Started:February 18th, 2012 (07:46 AM) by GFIs1 Views / Replies:263,416 / 2,763
Last Reply:1 Hour Ago (02:49 PM) Attachments:173

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GFIs1 1 DAX trade per day journal

Old May 10th, 2013, 09:38 AM   #791 (permalink)
Market Wizard
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Week 19 result

This week had two trades:

Both shorts went into SL of minus 30 points each
Weekly result minus 60 points

Result since week 2 now 410 points.

Rule correction on the second short (today's trade) is made for future Fridays
as described in earlier post here.
With that minimal 30 minute shift on today's trade the week would have ended positive.
This trading

Have a nice weekend
GFIs1

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Old May 10th, 2013, 09:43 AM   #792 (permalink)
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Thank you for reminding me about your timeframes.

The time that I stay in a trade varies as I need to wait for the exit target. Since I trade intraday only, I prefer a target of 50% of daily ATR which is about 33 points.




GFIs1 View Post
Thanks @Eris for a nice setup for turning points intraday.

There are several time and chart intervals to get some patterns and setups:
Yours belongs to the short time(-frame) intraday trades - they need a lot of attention.
The second ones belong to 30 to 60 minutes intraday intervals. These patterns are considered in
this thread here. Taking the rules of the specific weekday the trade has no longer to be watched -
either the SL is taken out or the trade is closed on previewed time - hopefully with a positive gain.
Both of the above approaches are only for INTRADAY trades - so no higher margins needed and
the risk can be minimized.

For the long term trades with overnight and over weekend holding some other approach is needed
and can be taken as an assist for our intraday trades here - though I do NOT change my GFIs1 1 Dax
trading rule because of the bigger picture seen in the long term trades.
In my other thread for longer term settings https://futures.io/trading-journals/25262-gfis1-hilo-dax-signal-14.html#post326493
(that one is for the Dax - and there is a thread for the ES too) there are the settings shown for bigger moves.

Even if I am aware of very short time trades - my approach begins with 30 minute charts to have a trade
from 2 to 5 hours intraday as well as the long term approach holding a trade up to 2 weeks.

In this thread discussing any timeframe is welcome - so my question is if you are personally preferring
a 5min chart for entries - how long do YOU stay in the taken trade?

GFIs1


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Old May 10th, 2013, 09:52 AM   #793 (permalink)
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GFIs1 View Post
This trading

No kidding! Have a great one too! Cheers.

Travel Well
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Old May 13th, 2013, 04:32 AM   #794 (permalink)
Market Wizard
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Monday trade

Dax short 10:30 to 13:00

entry @ 8244

exit @ 8243

result plus 1 point

risk - medium

outlook - starting the week negative: reversal here? Will discuss that with a daily chart in extra post

GFIs1


Last edited by GFIs1; May 13th, 2013 at 08:01 AM.
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Old May 13th, 2013, 10:43 AM   #795 (permalink)
The Narrow Road
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mornings and afternoons

Futures Edge on FIO
Hi GFIs1,

Nice call on the direction this morning. It was also in line with a few of the things that I look at
- Friday's action
- SR
- Pivot Points
- Gaps
Something I have noticed that you do is you chop the day into a morning and afternoon session (loosely speaking). Lunchtime is of course a low volume time and moves are rarely telling during this time but there are often different impulses to the morning and the afternoon.

Question:
How do you make the split between say a morning trade (to 12:30 or 13:00) an early afternoon trade (to 14:30) and to an all day trade (16:00 .. or later).

best

p

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Old May 13th, 2013, 10:54 AM   #796 (permalink)
Market Wizard
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podski View Post
Hi GFIs1,
...
Question:
How do you make the split between say a morning trade (to 12:30 or 13:00) an early afternoon trade (to 14:30) and to an all day trade (16:00 .. or later).

best

p

Hi @podski

Thanks for your input - the answer is relatively easy - the trades start between 09:30 to 11:00 normally.
Exits are depending on weekday (as always), gaps, US numbers in the afternoon (if there are or NOT)
and important: long trades when nothing important happens and a long weekend with a extra free day
is in sight...

Hope this helps

GFIs1

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Old May 13th, 2013, 04:06 PM   #797 (permalink)
The Narrow Road
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Pfingsten / Pentecost : Holiday ?

Hi GFIs1 and all,

What does anyone feel about next Monday ?

It is a public holiday in Germany and a lot of other European countries ... so will anyone turn up or can we all have a day off ?

:-)

p

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Old May 13th, 2013, 04:20 PM   #798 (permalink)
Market Wizard
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podski View Post
Hi GFIs1 and all,

What does anyone feel about next Monday ?

It is a public holiday in Germany and a lot of other European countries ... so will anyone turn up or can we all have a day off ?

:-)

p

Last year I did NOT trade on that Monday... (my statistics said it )
It is up to YOU

GFIs1

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Old May 14th, 2013, 12:26 AM   #799 (permalink)
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GFIs1,

I am following your thread with interest.What other EU number do not enter a trade before besides IFO and ZEW?

Do you also not put a trade on prior to Europeans PMI,CPI,GDP etc..?

Also, Have you ever had to taken a much bigger loss than the 30 tick SL due to a market gap on some unexpected news etc..?

Thanks.

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Old May 14th, 2013, 02:23 AM   #800 (permalink)
Market Wizard
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CPRICE76 View Post
GFIs1,

I am following your thread with interest.What other EU number do not enter a trade before besides IFO and ZEW?

Do you also not put a trade on prior to Europeans PMI,CPI,GDP etc..?

Also, Have you ever had to taken a much bigger loss than the 30 tick SL due to a market gap on some unexpected news etc..?

Thanks.

Hi @CPRICE76 - thanks for following

1) only IFO and ZEW have special entry rules. Trades are made on IFO and ZEW days
2) no
3) there is slippage possible but I have very rarely trades where SL does not hold

Good trades
GFIs1

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