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GFIs1 HighVola Dax Journal
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GFIs1 HighVola Dax Journal

  #21 (permalink)
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quick question

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Hey GF!

can you look at the above picture and tell me why you wouldn't take the trigger LONG in the circle. Is it because of a news item or something? It meets the rules, in this case two straight green bars, but was not taken. Sorry if Im missing something here

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  #22 (permalink)
Market Wizard
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sixsmith07 View Post
Hey GF!

can you look at the above picture and tell me why you wouldn't take the trigger LONG in the circle. Is it because of a news item or something? It meets the rules, in this case two straight green bars, but was not taken. Sorry if Im missing something here

Hi @sixsmith07
You are absolutely right.
My charts on 15th were only considering the shorts.
On 16th I turned the rules upside down and considered longs too.
Of course in your chart showing the 15th that long would have given extra points.
Thanks for pointing out.

GFIs1

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  #23 (permalink)
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GFIs1 View Post
Thanks @sharpshoota
This is a test drive - new model - colour still fresh :-)


GFIs1

Looks good.
How many points stop are you suing?
Also- many of the red candles will be produced on the back of data/number releases so isnt this to much risk???And you will not be able toenter at that price.
Also- if you see 2 red candles u cannot hold them thru a eco number release? as this would just be gambling surely??

Cheers

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  #24 (permalink)
Market Wizard
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CPRICE76 View Post
Looks good.
How many points stop are you suing?
Also- many of the red candles will be produced on the back of data/number releases so isnt this to much risk???And you will not be able toenter at that price.
Also- if you see 2 red candles u cannot hold them thru a eco number release? as this would just be gambling surely??

Cheers

Hi @CPRICE76

This approach is uniquely thought for volatile consecutive days. A situation which we had the last 4 trading days.
Vola of 220 to 380 points a day and a very high volume. Really rare to see this during the year.
On such days my "normal" daytrade has no chance and the rules prevent from taking a trade.
This thread is a test for extreme volume days and even "number" will not have the strong effect seen in calmer
markets. If for some reason markets are shaken then we need a hint when to take a trade with high probability
of gaining good points. BUT: it IS high risk!
As for the stops I have not yet found the right distance. The 30 points I use normally is not good as the price
this week sometimes moved within minutes over 50 points in both directions. So we need to test more.
Price filling in this shaky moments has often bigger slippage - so shown results are hypothetical.

GFIs1

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  #25 (permalink)
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GFIs1 View Post
Hi @CPRICE76

This approach is uniquely thought for volatile consecutive days. A situation which we had the last 4 trading days.
Vola of 220 to 380 points a day and a very high volume. Really rare to see this during the year.
On such days my "normal" daytrade has no chance and the rules prevent from taking a trade.
This thread is a test for extreme volume days and even "number" will not have the strong effect seen in calmer
markets. If for some reason markets are shaken then we need a hint when to take a trade with high probability
of gaining good points. BUT: it IS high risk!
As for the stops I have not yet found the right distance. The 30 points I use normally is not good as the price
this week sometimes moved within minutes over 50 points in both directions. So we need to test more.
Price filling in this shaky moments has often bigger slippage - so shown results are hypothetical.

GFIs1

And what about opening/holding positions during data releases??

Cheers

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  #26 (permalink)
Market Wizard
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CPRICE76 View Post
And what about opening/holding positions during data releases??

Cheers

If we are in normal mode - then I will nearly never trade during a news release...
There is even a rule to get out before and reenter after the news.
But in high vola mode the moves are already before the news. So the
move within the release time should not harm the same way.

GFIs1

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  #27 (permalink)
Market Wizard
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TRIGGER - important

Checking out the very high volatile days on Monday and Tuesday - I had to update
my rule with an important TRIGGER:
To jump in with this easy "Walzer rule" the first candle needs a BODY of >50 points.
Not forget: on 30 min. candle.
Otherwise no trade!
I backtested and this is the important entry rule.

I will update in the original post...
Good trades
GFIs1

..waiting for the next bigger moves

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  #28 (permalink)
Market Wizard
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Today in the new march contract we could see a IB candle body of 47 points.
That is very near to the trigger point.
Need to carefully follow this short until 10:00 :-)

Good trades
GFIs1

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  #29 (permalink)
Market Wizard
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a test

Short entry 10:00 @ 9873


SL 20 points - stopped out
momentum not enough

GFIs1


Last edited by GFIs1; December 19th, 2014 at 04:30 AM.
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  #30 (permalink)
Market Wizard
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Monday test


After a strong long IB from 09:00 to 10:00
it is an interesting constellation for a test:
If this downmove until 10:30 closes <9740 we
could see another good test condition..
Vola is good.

GFIs1

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