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Even the volatility in the last weeks was great - NO real Walzer patterns occured.
Looks good for the next 3 months that with more normal trading days some
Walzer shows up again.
Greece theme is no longer a threat - now other players like China or Germany
are on the focus.
Here the results of both GFIs1 journals from January 2nd to now
updated for Big Mike Challenge 2015 - $750 in prizes.
Each journal is about 1 Dax Future.
Every point is worth 25 Euro.
The daily Dax journal (link to post 2222) :
And the GFIs1 …
As in this crazy volatile last weeks some trades happened again - some with clear stop losses
I present here the latest trades:
Total points since December 2014: 1666 on one contract
gain per contract and point 25 EUR
total gain in EUR per contract: 41650
contract investment around 12k
win percentage: ~350%
First the body of the first candle (10:30) was 41 pts<50 which is your mark. (high-low was greater). Did you take the trade outside your rule, or have you changed the rule for the waltzer?
Second, with what criteria you skipped the second leg (long) of your system? Ok, it was a little bit obvious that the market will not rebound on 12:30. Was it feeling, or some special rule I am not aware of.
Furthermore, congratulations for your patter recognition ability and your overall approach for dax trading.
My only remark is that you may consider closing partially your winning position earlier (on some critical technical point maybe), in order not to leave too many points on the table at the end of time.
Well seen: I was only taking 11:00 to 11:30 candle and jumped in 30 minutes to early...
That candle was the trigger.
Not really a change of rules - but a "mistake" in time on my side ;-)
Taking the "right red candle" - had given some more points.
Was a bit under pressure with phone calls that morning.
Second: As we had most volatile times with high volume - I have seen that the last four Walzers
did not work on second leg. This was my decision to get out on time when some points were still
on the table. Just to two posts back on my summary - the Walzer was crippled in all attempts.
I hope of course that the normal situation is back soon and the "turning point" for the second leg
will hold.
In fact that a move (body >50 points) is showing a trend for some candles to come.
As long gains are there - I will not change anything here.
