NexusFi: Find Your Edge


Home Menu

 





GFIs1 HiLo DAX Signal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 103 posts (90 thanks)
    2. looks_two bmtrading9 with 26 posts (3 thanks)
    3. looks_3 Abde with 16 posts (6 thanks)
    4. looks_4 Falco11 with 11 posts (6 thanks)
      Best Posters
    1. looks_one AnasParis with 1.4 thanks per post
    2. looks_two GFIs1 with 0.9 thanks per post
    3. looks_3 Falco11 with 0.5 thanks per post
    4. looks_4 Abde with 0.4 thanks per post
    1. trending_up 33,931 views
    2. thumb_up 127 thanks given
    3. group 22 followers
    1. forum 178 posts
    2. attach_file 66 attachments




 
Search this Thread

GFIs1 HiLo DAX Signal

  #51 (permalink)
Amnesia
Vienna Austria
 
Posts: 116 since Mar 2012
Thanks Given: 16
Thanks Received: 67

@GFIs1

Quick question... where do you see the dax currently moving based on monthly/weekly charts and the long term perspective in general?

I've had a quite vivid discussion with some guys on skype right now, to me the monthly and weekly are very bearish but it seems like it is in quite the "indecision" mode. Care to comment?

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Futures True Range Report
The Elite Circle
Deepmoney LLM
Elite Quantitative GenAI/LLM
 
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
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #52 (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: 6,179
Thanks Received: 15,559

Hi @Amnesia

Awaiting out of the weekly chart still a short down to 7596 in the next two weeks.
From that level a push over 8000 to a level of 82xx seems to be a good scenario
for the coming 6 months. We do have a good support (Ichimoku cloud) underneath.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #53 (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: 6,179
Thanks Received: 15,559


This week the long leg in the DAX did not want to finish
So my setup yesterday showed a clear short signal at 10:04h after a massive
rally after IFO numbers.
But that point was not "THE" turning point. With US making more in the same
direction the price went further up.
Conclusion:
This needs to adapt SL settings for these cases as a desaster stop setting
according to the length of the leg - aka in direct relation to the percentage of
price gain since the last turning point.



GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #54 (permalink)
 Abde 
Stuttgart / Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
Frequency: Every few days
Duration: Days
Posts: 533 since Aug 2010
Thanks Given: 2,141
Thanks Received: 729


GFIs1 View Post
This week the long leg in the DAX did not want to finish
So my setup yesterday showed a clear short signal at 10:04h after a massive
rally after IFO numbers.
But that point was not "THE" turning point. With US making more in the same
direction the price went further up.
Conclusion:
This needs to adapt SL settings for these cases as a desaster stop setting
according to the length of the leg - aka in direct relation to the percentage of
price gain since the last turning point.



GFIs1

Hi @GFIs1

I took the same short trade as you and got stoped out for al loss of 10 Points. I don´t think that there is a successful way for setting a desaster stop according to the length of the prior leg. Maybe it´s a better idea to trail the stop as soon as possible to break even and to re-enter later at a better price. Requirement for the re-entry should be that the Ichimoku cloud condition remains valid. What do you think?



Abde

Reply With Quote
  #55 (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: 6,179
Thanks Received: 15,559


Abde View Post
..

I took the same short trade as you and got stoped out for al loss of 10 Points. I don´t think that there is a successful way for setting a desaster stop according to the length of the prior leg. Maybe it´s a better idea to trail the stop as soon as possible to break even and to re-enter later at a better price. Requirement for the re-entry should be that the Ichimoku cloud condition remains valid. What do you think? ..

Hi Abde

Thanks for the input - I am refining that signal again - for this I need to check some more similar situations.
If the signal is very accurate - then a tight stop will be ok.
As for reentry - I see it best to wait for the NEXT valid setup - so one is avoiding a double loss on the same wrong leg.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #56 (permalink)
 gfmatt 
Edmonton, Alberta
 
Experience: Advanced
Platform: IB
Trading: nq
Posts: 55 since Jan 2012
Thanks Given: 29
Thanks Received: 60


Amnesia View Post
@GFIs1

Quick question... where do you see the dax currently moving based on monthly/weekly charts and the long term perspective in general?

I've had a quite vivid discussion with some guys on skype right now, to me the monthly and weekly are very bearish but it seems like it is in quite the "indecision" mode. Care to comment?

I don't think asking such a question is of any value. The market is what it is. Why should you care what anyone else thinks? No one can predict what will happen. Trade YOUR plan in response to market moves.

Reply With Quote
  #57 (permalink)
 
Falco11's Avatar
 Falco11 
Vienna,Europe
 
Experience: Advanced
Platform: NT
Broker: NT
Trading: ES,6E
Frequency: Many times daily
Duration: Minutes
Posts: 68 since Dec 2010
Thanks Given: 181
Thanks Received: 64

Hi all!

I think the idea to fade a top or a bottom in the DAX is a good idea.
Last Friday was a real rare day, large move and all day up in to the close.

I think the VWAP Bands intraday are not enough, a Rolling VWAP shows where the market is.
On the 30 Min Chart you can see the market went outside the 3. band and on Monday morning reached
the 2. band with a reversal. Today we came back to the VWAP at 7815.

The stop is easy to set, above or below the reversal bar or entry bar.

Both Indicators are payed indicators from Fat Tails.

Falco

Attached Thumbnails
Click image for larger version

Name:	FDAX 03-13 (30 Min)  29_01_2013.jpg
Views:	244
Size:	124.6 KB
ID:	100876   Click image for larger version

Name:	FDAX 03-13 (15 Min)  29_01_2013.jpg
Views:	226
Size:	137.3 KB
ID:	100877  
Reply With Quote
  #58 (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: 6,179
Thanks Received: 15,559


Falco11 View Post
I think the VWAP Bands intraday are not enough, a Rolling VWAP shows where the market is.
...
Falco

Hi Falco

You are working with several VWAP bands and you are using a rolling VWAP.
This is fine in many situations.
My attempt is to use only ONE band and this one is developing on every session
from zero. With this I can find most of the time a very good entry / exit signal.
As for a friday where the upleg nears 3% in the morning session before the
US market had opened - I see the problem of jumping in short on that very signal.
Therefore I am refining the method for these rare cases.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #59 (permalink)
 
Falco11's Avatar
 Falco11 
Vienna,Europe
 
Experience: Advanced
Platform: NT
Broker: NT
Trading: ES,6E
Frequency: Many times daily
Duration: Minutes
Posts: 68 since Dec 2010
Thanks Given: 181
Thanks Received: 64


GFIs1 View Post
Hi Falco

You are working with several VWAP bands and you are using a rolling VWAP.
This is fine in many situations.
My attempt is to use only ONE band and this one is developing on every session
from zero. With this I can find most of the time a very good entry / exit signal.
As for a friday where the upleg nears 3% in the morning session before the
US market had opened - I see the problem of jumping in short on that very signal.
Therefore I am refining the method for these rare cases.

GFIs1

Hi GFIs1

I just want to show one idea, shure, everybody must find his own style and way to get happy.
For me it is important to see on a longer timeframe the levels.

Falco

Reply With Quote
  #60 (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: 6,179
Thanks Received: 15,559


@Falco11

I am looking in these swings of more than 1% legs to get results within 1 to around 4 days.
You state longer time frames - are they adequate to mine or much longer?
And if longer - what is your leg lenght goal in %?

Good trades
GFIs1

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




Last Updated on April 17, 2014


© 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