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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

  #2761 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
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Scalpingtrader View Post
Nice to see you're still at it and journaling. How's the year been for your system(s) so far?

Thanks for asking @Scalpingtrader

This system with 3 daily trades per week was up and down with not much gains for the year.
The previous 3 last years were all around 1000 points at the end of the year. Links to the gains you can find in the first post of this thread.
Fact is that we are in the US election year and that changes market behaviour very much. Especially for systems
with given rules it does not work the same.
I guess that this will get to normal now again.

My other system "Walzer" see was performing very well in the first 6 months. After that the Dax was slowing down in spikes and no Walzer came up.
But I am sure to see after normality is back that the Walzer has good performance again without changing anything.
Walzer had the last trade in August.
Points up during the year (one contract): 739

I will post my results of the year on both systems after christmas in the repective threads.

GFIs1

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  #2762 (permalink)
 GFIs1 
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Extreme start this morning & and after referendum in Italy and elections in Austria.
IB 220 points, volume >22k...

leads to a trade Dax short 10:30 to 13:00h

entry @ 10683
exit @ 10677
result 6 points

IB vol extreme high
means risk high

GFIs1

edit: TARGET 10580 to reach (after given trade times)

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  #2763 (permalink)
 GFIs1 
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Dax short 9:30 to 14:30

entry @ 10883
exit @ 10923 (SL)
result -40 points

IB vol high!

Second try: short 11:30 to 15:30
entry @ 10939
exit @ 10929
result 10 points

GFIs1

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  #2764 (permalink)
 GFIs1 
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11K

That is the strategy to follow:
11 to 12K for year end...
No guarantee what follows

Good trades
AND:
Don't forget about the triple witch coming up soon

GFIs1

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  #2765 (permalink)
 GFIs1 
who cares
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...no Friday trade.
The good ECB gave a range of 204 points today in the Dax during cash hours.
That prevents from taking a normal trade tomorrow.
Might be to see a Walzer trade after the long pause during US elections.

We will see and watch carefully.
Good trades!

GFIs1

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  #2766 (permalink)
 Canozy 
Sydney, Australia
 
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Platform: IG, MT4
Trading: SPI, DAX
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Hi GFIs1.

I'm a newby to this forum . I like your rules based disciplined approach to 1 DAX trade per day. Couple questions... (1) how does your more macro view of expected DAX movements (eg 12k levels) impact your trade decisions which looks pretty rules based and determined on the day of trade to me (eg it's based on the IB balance + prior days range + holidays/triple witch etc.) and (2) you took 2 trades on the 7th (1st for -40 and 2nd for +10)...what prompted the 2nd trade as i thought there was only 1 per day?

Keep up the great work.

Cheers
Canozy

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  #2767 (permalink)
 GFIs1 
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Instead of not taking a trade today - after rules - I decided
to take one:
Reasons - momentum, ECB money pump, Year End Rally...

SO
Dax long 9:30 to 15:30
entry @ 11178
exit @ 11197
result 19 points

IB vol good

GFIs1

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  #2768 (permalink)
 GFIs1 
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Canozy View Post
Hi GFIs1.

I'm a newby to this forum . I like your rules based disciplined approach to 1 DAX trade per day. Couple questions... (1) how does your more macro view of expected DAX movements (eg 12k levels) impact your trade decisions which looks pretty rules based and determined on the day of trade to me (eg it's based on the IB balance + prior days range + holidays/triple witch etc.) and (2) you took 2 trades on the 7th (1st for -40 and 2nd for +10)...what prompted the 2nd trade as i thought there was only 1 per day?

Keep up the great work.

Cheers
Canozy

Hi Canozy
Thanks for following!
To 1) The rules are not including the price level of the Dax. They are as you mention right the weekday and the behaviour of
previous days as well as the upcoming holidays, long weekends, etc.
Being clear - the rules were not changed in last year. But there are conflicting rules as there are some rules overlapping.
The priority leads to your question
2) Why 2 trades on the same day?
There were 2 different rules for the Wednesday: First there was a eminent up gap. That gave the
first trade. The normal trade for Wednesday taking out the gap - would have given the trade 2. So after the first trade
went directly into the stop - it made sense to apply the normal Wednesday rule. Which gave at least some points back.
And I had the time to do so.

GFIs1

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  #2769 (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: 15,564


Canozy View Post
Hi GFIs1.

I'm a newby to this forum . I like your rules based disciplined approach to 1 DAX trade per day. Couple questions... (1) how does your more macro view of expected DAX movements (eg 12k levels) impact your trade decisions which looks pretty rules based and determined on the day of trade to me (eg it's based on the IB balance + prior days range + holidays/triple witch etc.) and (2) you took 2 trades on the 7th (1st for -40 and 2nd for +10)...what prompted the 2nd trade as i thought there was only 1 per day?

Keep up the great work.

Cheers
Canozy

Hi Canozy
Thanks for following!
To 1) The rules are not considering the price level of the Dax. They look as you mention right for the weekday and the behaviour of
previous days as well as the upcoming holidays, long weekends, etc.
Being clear - the rules were not changed in last year. But there are conflicting rules as there are some rules overlapping.
The priority leads to your question
2) Why 2 trades on the same day?
There were 2 different rules for the Wednesday: First there was a eminent up gap. That gave the
first trade. The normal trade for Wednesday taking out the gap - would have given the trade 2. So after the first trade
went directly into the stop - it made sense to apply the normal Wednesday rule. Which gave at least some points back.
And I had the time to do so.

GFIs1

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Thanked by:
  #2770 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
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Trading: forget about it
Posts: 6,921 since Feb 2012
Thanks Given: 6,181
Thanks Received: 15,564


Triple Witch

for the DAX on Friday 13:00h CET

Be aware
GFIs1

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Last Updated on March 27, 2024


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