NexusFi: Find Your Edge


Home Menu

 





GFIs1 1 DAX trade per day journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 4,733 posts (11,903 thanks)
    2. looks_two Symple with 89 posts (151 thanks)
    3. looks_3 ratfink with 83 posts (146 thanks)
    4. looks_4 CPRICE76 with 74 posts (30 thanks)
      Best Posters
    1. looks_one GFIs1 with 2.5 thanks per post
    2. looks_two choke35 with 2.5 thanks per post
    3. looks_3 ratfink with 1.8 thanks per post
    4. looks_4 Symple with 1.7 thanks per post
    1. trending_up 1,108,132 views
    2. thumb_up 13,619 thanks given
    3. group 260 followers
    1. forum 6,113 posts
    2. attach_file 430 attachments




 
Search this Thread

GFIs1 1 DAX trade per day journal

  #971 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562


CurtisS View Post
I have read the entire thread and developed an interest in trading this system. I wanted to find out the entry and exit rules based on statistics about historical FDAX or DAX data....

Hi Curtis

My trading plan is based on the weekday statistics of the DAX. The entry and exit times instead have several
extra rules - based on Ichimoku Kumo, based on Gaps, based on special events like holidays, triple witch,
and of course news..
Then there are some spots on stops (sic!) and on volume.
All together should result in a positive gain.

So do not let you lead by statistics only.

Good trades
GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Better Renko Gaps
The Elite Circle
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #972 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562

Today a short from 09:30 to 14:00

Good trades
GFIs1


...stopped out -
direction is ok - but on Monday difficult without retracing

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #973 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562


Today Dax short 09:30 to 13:30

entry @ 8664
exit @ 8641
result +23p


GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #974 (permalink)
 
xelaar's Avatar
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
Posts: 1,505 since Feb 2013
Thanks Given: 1,740
Thanks Received: 2,568


GFIs1 View Post
Today Dax short 09:30 to 13:30

entry @ 8664



GFIs1

Good one, but stop? I had a short at 65.0 with 10 ticks stop but bailed too early on it.

Trade to live. Not live to trade.
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #975 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562

Hi @xelaar

My stops on these Dax trades over several hours are quite often tricky with stops.
The best setting I found is 33 points when Dax is over 8000 and 30 points when
Dax is under 8000.
It does work over the longer time period.

Good trades!
GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #976 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562

This week had 3 trades

Two negative with SL each 33 points
One positive +23 points
Weekly result -43 points

Result since week 2: plus 778 points

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #977 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562

Dax short 09:30 to 13:30

entry @ 8586


GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #978 (permalink)
 CurtisS 
Frankfurt, Germany
 
Experience: Beginner
Platform: MetaTrader
Trading: EUR/USD
Posts: 3 since May 2013
Thanks Given: 2
Thanks Received: 0


GFIs1 View Post
My trading plan is based on the weekday statistics of the DAX. The entry and exit times instead have several extra rules - based on Ichimoku Kumo, based on Gaps, based on special events like holidays, triple witch,
and of course news.. Then there are some spots on stops (sic!) and on volume.

So do not let you lead by statistics only.

So far, I have found out the following:

If you enter short on Wednesday at 9:30 a.m. and exit at 2:00 p.m. then you would have lost 53 % of trades between September 2006 and today (SL is 33). Other entry and exit times do not change the result much.

If you enter short only if the price at 9:30 a.m. is in the upper half of the opening range (price between 9:00 and 9:30) the result is still not positive.

I am aware of the no trade rules "previous day range not larger than 150 points", "2-day range not larger than 200 points", "futures expiry days", "news days", "holidays", "low volume days". I can't believe that these additional rules are the essential ones for making this system positive.

Can you point me further in the right direction, like "if the previous day was a down/up day and the current session opening range between 9:00 and 9:15 is broken towards the upside at 9:30, then the Wednesday rule is to enter short"?

Thanks for your support.

Reply With Quote
  #979 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562


CurtisS View Post
...

Can you point me further in the right direction, like "if the previous day was a down/up day and the current session opening range between 9:00 and 9:15 is broken towards the upside at 9:30, then the Wednesday rule is to enter short"?

Thanks for your support.

Hi Curtis

Thanks for backtesting wednesday.
The rules for the weekdays are not very complicated - but the wednesday rule set is complex.
If you look back in my journal just on wednesdays you will find >90% of the trades were short ones.
And the entry and exit time are very variable:
There are sets of 10:30 to 13:00, 9:30 to 15:30, 11:30 to 13:00 etc. depending on where the starting
30 minute candle is staying (some Kumo Rules here mentioned) - and there is even a long rule for 10:30 to 13:30.
The full rule set I can not reveal here.

One essential thing to point out is: The IB (30min) candle is the direction setter - depending on the weekday.
There is no "intra" 30min. rule here - just the plain 30 minutes.

As you see - with this rule set(s) there is no easy backtesting.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #980 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,562


Today short 09:30 to 15:30

attention: EZB announcement 13:45h CET

Tomorrow "Tag der Deutschen Einheit" - closed!

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on March 27, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts