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as I looked back in your journal, I saw that your SL points were always 30 (sometimes 40), which is good.
But with with dax trading at 11250, this means 0,27% SL and with dax at 7000 (at the beginning of your journal), this was 0,44% SL (well more out of noise).
Since noise is a big issue with dax trading, do you think it would be a good idea to adjust the SL points to a fixed percentage of the contract value? (although putting SL to 50 pts (0,44%) is a bit heavy with contract value at 280.000 euros...)
Thanks for your calculation - it is obvious that trading on price of 7000 means something
else than trading above 11000.
Noise will be of course per percentage be more on higher levels. In fact my pattern trading
here is "going the right way" - "or not!":
Main goal is to limit heavy losses. 30 points (sometimes 40) in this venture is a fine edge
to filter out little to medium noise.
Going to lift the SL means more risk.
In shaky times as we had in the last 9 months I think it is better to stay at the sidelines
than to risk more.
Thus I did not adjust my SL by percentage accordingly.
One other important point: the price may have changed a lot up but the volume NOT.
So there are the same players as in the previous lower price regions.
Means my system may be stressed more - but the losses should not be higher.
Sure!
I will need to sum up the july week sums on both - this trade and the Walzer trade.
All that is missing in both threads.
As I am on a different machine right now - some 10k km away from my statistics files -
this takes some time to do it manually.
Stay tuned
IB volume was too little to take a trade today.
This was confirmed with the second 30 min candle.
Price is nearing the top of the daily Kumo again @ 11434.
This can be a good support for today.
Good trades
GFIs1
EDIT: Turning point was 11430... and from there UP
