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GFIs1 Dax BIG MOVE Swing Trade Approach
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GFIs1 Dax BIG MOVE Swing Trade Approach

  #1 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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GFIs1 Dax BIG MOVE Swing Trade Approach

Hello Dear Reader

This time like GFIs1's Dax trading journal - as already seen on futures.io (formerly BMT) - a very different trading approach will be on track for testing reasons.

*** IMPORTANT NOTE to ALL followers first:
This thread has NO indication about entry or exit nor does it provide ANY signals! (live or not) ***

That thread has the goal to compare a intraday trading system (like https://futures.io/trading-journals/17862-gfis1-1-dax-trade-per-day-journal.html) with a swing trading system on the same instrument.
The compared results seen here shall give a hint, how to get the most of market moves under different conditions.
It is all here about the bigger picture - aka trading with nerves stronger than steel ;-)
Got it?

Looking back - the https://futures.io/trading-journals/17862-gfis1-1-dax-trade-per-day-journal.html with exact entry and exit times does not have any influence here.
Second NOTE: The futures traded here can have big impact on your account - please read https://futures.io/elite-trading-journals/796-garys-cl-crude-oil-futures-contract-method.html first post to get more information as I do not want to repeat warning issues discussed already in other threads on futures.io (formerly BMT).

Trading approach by different types of Traders:
1) Scalping: intraday trading with small gains and tight stops / many trades per day
2) Intraday trading: taking profit on intraday moves, wider stops, looking to get the most out of a move / one to five trades per day
3) Swing trading: waiting for a setup with high probability to let win a trader on a wave during several days - wide stop / one trade per wave.

Several members here on futures.io (formerly BMT) state that swing trading is for experienced traders taking some risk overnight/over weekend etc. only - without a possibility to interfere during these off-times - to cash in the highest possible gain per move/wave.

Here we go:
The Dax BIG MOVE Swing Trade Approach is based on a volume chart instead of a time chart. The chart shows for the
Dax future one candle meaning a cumulated volume of 5'000 contracts before the next candle will be formed.
The moves are outlined by a zigzag indicator (setting: more than 20 bars) to see smaller and bigger waves.
As the small waves end - a signal is generated to enter a trade. The exit is defined by 2,5 to ~3 times the range of the
smaller waves and should (hopefully) cash in some significant points.
These results will be compared with the intraday GFIs1 Dax system - I count two to four comparisons per month.
Let's see how these two systems will gallop in the next weeks :-)

Stay tuned!

GFIs1

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  #2 (permalink)
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  #3 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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First big wave occurence in sight


Looks good to see a setup for a DAX long in the next 1 to 3 days.
Will underline that with a chart when this possibility shows up.

GFIs1

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  #4 (permalink)
Market Wizard
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First LONG order

To prevent watching the chart all day - I am placing a Dax long order on 6988. Either it is filled
or we need to get the next possibility :-)

GFIs1

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  #5 (permalink)
Market Wizard
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First trade

The long was filled at the Buy stop level of 6988.
Some more downtrend is still possible.
So the stops are set wide enough.

Waiting for a positive development.
GFIs1

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  #6 (permalink)
Market Wizard
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Chart

Dax scenario as described - here a 5000 Vol Chart of the Dax future.
ZigZag Oscillator - a Reference line where some support should be:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


As this support did not hold - I put a second buy stop long on 6912.. lets see

GFIs1


Last edited by GFIs1; August 23rd, 2012 at 11:00 AM.
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  #7 (permalink)
Market Wizard
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second long


GFIs1 View Post
...
As this support did not hold - I put a second buy stop long on 6912.. lets see

GFIs1

This buy stop had been filled - medium price of the two longs 6950

GFIs1

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  #8 (permalink)
Market Wizard
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Nice development

That bullish move brings us quickly into the first TP zone.
TP 1 @ 7032 (POC)
TP 2 @ 7050

Good volume might get us there easily.
If not - we stay in over the weekend ;-)

GFIs1

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  #9 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
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Favorite Futures: Futures
 
Posts: 4,128 since Feb 2012
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Dax 7000 passed

As the 7000 had been passed (was no longer a strong resistance)
I assume to see our first TP soon be reached.
Depending on how fast we reach the first TP - we might "let run" the
second long above the second TP.
This decision is foreseen for end of today or tomorrow. Expecting
a reverse pricing on Wednesday.

GFIs1

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  #10 (permalink)
Market Wizard
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Futures Experience: Intermediate
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Broker/Data: IB / DTN
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Posts: 4,128 since Feb 2012
Thanks: 3,780 given, 7,655 received
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First trade partially closed


7032 TP 1 reached - first TP was plus 44 points (7032-6988)

Letting the second long riding..

GFIs1

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