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Monday
It was interesting to watch selling enter FDAX, FESX, ES and NQ at 6.20amUK (7.20CET), but the Bids were absorbing all the selling on the 4 indices.
Then, all 4 found some structure and reversed in the same 5 minute bar... FESX & DAX was Fridays Value Area Low, and ES & NQ on reaching the Asian Low.
Then they all moved up in unison until they found structure at 8.30/9.30am....
Yesterday was the moment of nearing the 1 Million page views of a small trading journal - just for some DAX gamblers:
This morning we see the 1M had been 'killed' (GFIs1 slang):
Thanks to @Big Mike - the journal section of his large trading discussion board for markets around the world has evolved to more than 150k members. And of course a bunch of very attractive threads to get in touch with a ton of trading opportunities! Thanks for the modern platform.
GFIs1 who might change his name into GFIs2 for the 2nd million...
GFIs1 means "Go For It system 1" (since 2012)
Hi @pipandrun
Maybe you can't understand the math behind:
When I started in 2012 I was trading the DAX future. Means a price of € 25 per point & contract.
Later I was changing to the DAX ETF - which is trading longer every day and was even more predictable than the wilder future using my Go For It system 1. To compare both instruments on a same base I calculate 1 future of 25€, so in the ETF I take 25 DAX ETF's to be on a comparable level.
So my final yearly result (above) was ETF * € 25. Which gave mentioned end result.
That simple.
Well, I tried for a long time, but it is not that easy.
I read the whole journal, made a huge summary and invested many months into figuring it out.
Some problems are:
* You never know where GFIs1's stoploss is, so you might end up with a big loss while GFIs1 only looses 30 points
* Or the other way around, you have a 30 points SL, while GFIs1 has a bigger SL and price pivots into the right direction after your SL hit
* I find it hard to stay in a winning trade till the end time, with fear of losing the profits. Result: Getting out to early while there were more points to win
* Sometimes when the trade gets posted, the price is already many points in the announced direction
Having that said, sometimes I do join the trades, and in the end it brought me nice profit.
And besides that, the preparation posts are giving a good indication of what the market might will do.
Waiting, Discipline and Patience Pays!