GFIs1 HighVola Dax Journal - futures io
futures io futures trading



GFIs1 HighVola Dax Journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 221 posts (523 thanks)
    2. looks_two alexk1968 with 18 posts (5 thanks)
    3. looks_3 CPRICE76 with 10 posts (2 thanks)
    4. looks_4 choke35 with 8 posts (9 thanks)
      Best Posters
    1. looks_one xelaar with 2.5 thanks per post
    2. looks_two GFIs1 with 2.4 thanks per post
    3. looks_3 choke35 with 1.1 thanks per post
    4. looks_4 alexk1968 with 0.3 thanks per post
    1. trending_up 47,744 views
    2. thumb_up 579 thanks given
    3. group 72 followers
    1. forum 298 posts
    2. attach_file 36 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

GFIs1 HighVola Dax Journal

(login for full post details)
  #1 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

This is a extension to the


FOR ALL that are not familiar with my DAX journal - PLEASE READ that one before you ask here.

As the rules in mentioned GFIs1 thread are not allowing a trade on all days - especially in high volatility phases -
I was searching for a method to squeeze some more points out of the nice moves with high vola.
AND: to not let too much money on the table.

So I came to the
Rule for Dummies
which works exclusively during these extreme volatile days when market slips. ***
I named it: "The Wiener Walzer" which means 1 - 2 - 3 - 4
If you can count up to four - this thread is for you!

Like in the parent thread - the trades are always intraday. More important: Only 30 minute candle chart.

A daily trade depends on this special easy pattern.
Two trades to take. Time to stay in the market: 2 hours. (plus one hour to find the right pattern)
Exactly. Nothing more!
Let's waltz!
**Watch: 1 - 2
**Enter: 3 - 4 - Close
**Reverse direction enter: 1 - 2 - Close

Finished!

Now to the rules:
Important: Previous day(s) need to have a Hi/Lo day range of more than 150 points in the DAX. Otherwise NO TRADE!
1) Look at 30 minute candles.
2) Enter SHORT after 2 consecutive RED candles.
3) Close the trade exactly after 60 minutes
4) Enter immediately a new trade LONG
5) Close trade after exactly 60 minutes

GFIs1

*** TRIGGER for entry:
The body of the first candle in the fast market needs a BODY (open/close in the 30min.) of > 50 points.
Works in both directions. Then the waltz may begin!

NOTE to first readers: This thread is a JOURNAL. The trades are normally written here before taking.
All trades of one Walzer are packed in ONE post to make it more readable.
The trades are for educational live/backtest reasons and are never a trading recommendation.

Q & A

1) Is there a "overnight Walzer"?
If a signal comes on the last candle of the future and on next day it triggers a
Walzer signal - then:
NO there is no overnight Walzer

2) Is there a Walzer on ECB days?
On days when the ECB president is talking about ECB decision and explaining the
results - normally price might move erratically:
NO there is no Walzer because it can be triggered and lands in stop loss. Such
pattern is not given under normal circumstances.

3) Is there a Walzer on triple witch days?

On triple witch days some bigger market players might come in to bring prices to
their foreseen levels with quite some effect - normally price might move erratically:
NO there is no Walzer because it can be triggered and lands in stop loss. Such
pattern is not given under normal circumstances.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
Trying to transform single contracts into a continuous contract from historical data
NinjaTrader
Best volume bar/footprint for NT with more settings for imbalance
NinjaTrader
Bar timer for TS
Platforms and Indicators
2nd cross over
MultiCharts
Locate candles 15 cent
ThinkOrSwim
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Big Mike in Ecuador
127 thanks
How did you learn to trade?
103 thanks
2020 profit and loss results
40 thanks
The Small Exchange (www.smallexchange.com)
26 thanks
Is NT8 the right platform for scalping?
26 thanks
 
(login for full post details)
  #3 (permalink)
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 510 given, 1,627 received


Looking forward to your new journal (the other one as well)!

Really great job you do GFIs1!!

Reply With Quote
The following 2 users say Thank You to Balanar for this post:
 
(login for full post details)
  #4 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Here we jump into that pattern after above rules of the Wiener Walzer. Always 30 min. candles!
First TWO red candles have to be seen BEFORE entering the trade exactly to the 30 minute.
These are the 2 pre-steps of the Walzer: step 1 and step 2 each a red 30min. candle.

Then the trade starts with short step 3 and exit step 4
PLUS the countertrade to the same time as exit step 4
is entry step 1 long and exit step 2.
Total time in market: 1 hour short and 1 hour long for each combined trade.

In the following example we see 2 Wiener Walzer yesterday and one Wiener Walzer for today.
Total points can be seen in the upper right



Every Walzer was positive here. We have to check upcoming trades in volatile market moments
to confirm these easy rules.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 9 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #5 (permalink)
Germany
 
Experience: Intermediate
Platform: FlatTrader
Broker: GFT and Interactive Brokers
Trading: ES, DAX
 
Posts: 532 since Aug 2010
Thanks: 2,141 given, 726 received


GFIs1 View Post
If you can count up to four - this thread is for you!

Thatīs a good one LOL...

Thanks for starting this new journal GFIs1!!

Reply With Quote
The following 2 users say Thank You to Abde for this post:
 
(login for full post details)
  #6 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Now I tried to top it up a bit (LOL).

Of course the opposite side was very tempting: The LONGS. Do they work?
Let's have a look.
And they do

These "trades" were not traded live - they are just the found patterns with the described rules.
Result:
With 2 days trading these rules - I would have gained more than 50% of the yearly total GFIs1
daily Dax gains. (Shhhh...) Of course I will take the trades when it is that easy.

See here the combined results:



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #7 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Important:

As I named this thread a JOURNAL:

Upper posts were for testing and educational reasons..
Results shown have nothing to do with real trades and will not count anywhere.

From now I will post my daily trades when high volatility is seen exclusively in this thread.
With that concept we can understand the difference of lower vola rules (and results) versus
high vola rules. Will be very interesting indeed!
So with the first real trade it will be the intended JOURNAL.

Feel free to test it yourselves. Even on different instruments. You may report it here as well. Thanks!

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #8 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Here we go:
Long 19:30 @ 9488
exit will be 20:30 @ 9508
result + 20 points

This was taken after 4 times red candles

Seems still to work

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #9 (permalink)
Bodoe , Norway
 
 
Posts: 143 since Jun 2014
Thanks: 846 given, 122 received

That's great trading results so far GFIs1
Not many days on the DAX below 150 points High->Low , it's fantastic to trade it when looking for volatility. :-)

You are not using any stop-loss on these trades ?

Reply With Quote
The following user says Thank You to sharpshoota for this post:
 
(login for full post details)
  #10 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received



sharpshoota View Post
That's great trading results so far GFIs1
Not many days on the DAX below 150 points High->Low , it's fantastic to trade it when looking for volatility. :-)

You are not using any stop-loss on these trades ?

Thanks @sharpshoota
This is a test drive - new model - colour still fresh :-)
For the stops I have to see.
So far I am happy that it works (worked).
Not sure about the next outcomes - and stops are then
only decoration.
There are for sure some guys out there to backtest this easy rule
and maybe find the best stop.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #11 (permalink)
Bodoe , Norway
 
 
Posts: 143 since Jun 2014
Thanks: 846 given, 122 received

Ok that's exiting.
Thanks for starting the journal , I will be following

Reply With Quote
The following user says Thank You to sharpshoota for this post:
 
(login for full post details)
  #12 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

The question about trading time of this system here versus to the original GFIs1 one Dax:

Here it is a basic pattern finding. That can be traded throughout the full time the future is
traded: from 08:00 to 22:15.
One example is some posts up - where I announced one trade realtime.

Of course in the parent thread the trading hours are strictly cash hours and will not change.
But be aware - as I am not prolonging here screen time too much - there will be situations
I do not follow and therefore might miss a opportunity.
As you know how to dance it yourself (counting 1 - 2 - 3 - 4) it will be easy though

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #13 (permalink)
Bamberg, Germany
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
 
Posts: 1,090 since Oct 2014
Thanks: 14,950 given, 2,589 received


GFIs1 View Post
This is a extension to the


FOR ALL that are not familiar with my DAX journal - PLEASE READ that one before you ask here.

As the rules in mentioned GFIs1 thread are not allowing a trade on all days - especially in high volatility phases -
I was searching for a method to squeeze some more points out of the nice moves with high vola.
AND: to not let too much money on the table.

@GFIs1,
I really enjoy following your other journal and this new one for those "other days" looks like a good start! It looks like a good way to profit from those crazy zig-zag days. Thank you for this new journal and I look forward to seeing the results!

JohnS

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to JohnS for this post:
 
(login for full post details)
  #14 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Finally some real candles in red showed up:
Entry short 12:30 @ 9488
Exit 13:30 stopped out - 15 points
Entry long 13:30
Exit 14:30

Tight stop on the first short (15 points)

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #15 (permalink)
Bamberg, Germany
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
 
Posts: 1,090 since Oct 2014
Thanks: 14,950 given, 2,589 received


GFIs1 View Post
Finally some real candles in red showed up:
Entry short 12:30 @ 9488
Exit 13:30 stopped out - 15 points
Entry long 13:30
Exit 14:30

Tight stop on the first short (15 points)

GFIs1

@GFIs1,
Am I missing something with the strategy? it is not volatile today before the FOMC news at 2000 or CPI report at 1430, which doesn't mean that I did not trade .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #16 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


JohnS View Post
@GFIs1,
Am I missing something with the strategy? it is not volatile today before the FOMC news at 2000 or CPI report at 1430, which doesn't mean that I did not trade .

The 2 previous days were too volatile to trade a normal wednesday Dax trade today.
So I am looking for jumping in into some slipping moves.
Today FED 20:15h, Friday a magnet on 9600 area (for CFDs et al)
We might see some some "strange" jumps.
But of course the volume is not to compare with the 3 previous days.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #17 (permalink)
Bamberg, Germany
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
 
Posts: 1,090 since Oct 2014
Thanks: 14,950 given, 2,589 received


GFIs1 View Post
The 2 previous days were too volatile to trade a normal wednesday Dax trade today.
So I am looking for jumping in into some slipping moves.
Today FED 20:15h, Friday a magnet on 9600 area (for CFDs et al)
We might see some some "strange" jumps.
But of course the volume is not to compare with the 3 previous days.

GFIs1

@GFIs1,
Thanks for clarifying!

Have a good trading day!

JohnS

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to JohnS for this post:
 
(login for full post details)
  #18 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


JohnS View Post
@GFIs1,
Thanks for clarifying!

Have a good trading day!

JohnS

One more: strategy (and stops) still under construction

GFIs1
to let all followers know
that the trades
are not
a trading
recommendation

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #19 (permalink)
Bamberg, Germany
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
 
Posts: 1,090 since Oct 2014
Thanks: 14,950 given, 2,589 received


JohnS View Post
@GFIs1,
Am I missing something with the strategy? it is not volatile today before the FOMC news at 2000 or CPI report at 1430, which doesn't mean that I did not trade .


GFIs1 View Post
to let all followers know
that the trades
are not
a trading
recommendation

@GFIs1,
I want to make sure that I did not give the wrong impression, I was trading my own plan this morning and not following yours. I create my own trade recommendations . Perhaps I should have provided more detail in my posting. I was just curious over the entry on a morning of low volatility because I thought the strategy was for high volatility. But you have now answered my question. I am interested to see how this story develops!

Good Trades!
JohnS

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #20 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


JohnS View Post
@GFIs1,
I want to make sure that I did not give the wrong impression, I was trading my own plan this morning and not following yours. I create my own trade recommendations . Perhaps I should have provided more detail in my posting. I was just curious over the entry on a morning of low volatility because I thought the strategy was for high volatility. But you have now answered my question. I am interested to see how this story develops!

Good Trades!
JohnS

Thanks @JohnS
Your input is great - I was only telling some thread readers that this "Walzer adventure" is still not ripe to
just jump in. It will be very interesting to where it leads though.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #21 (permalink)
Oslo, Norway
 
Experience: Intermediate
Platform: NT, Sierra
Broker: IQFEED Stage5
Trading: ES
 
sixsmith07's Avatar
 
Posts: 307 since Jan 2014
Thanks: 282 given, 647 received



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

Follow me on Twitter Reply With Quote
The following user says Thank You to sixsmith07 for this post:
 
(login for full post details)
  #22 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #23 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


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

Reply With Quote
The following user says Thank You to CPRICE76 for this post:
 
(login for full post details)
  #24 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #25 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


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

Reply With Quote
 
(login for full post details)
  #26 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #27 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #28 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #29 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Short entry 10:00 @ 9873


SL 20 points - stopped out
momentum not enough

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #30 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

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

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #31 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

The trend was clear...
But the setup did not happen as wanted
Finally price fell out south of Kumo in 60min chart.
This is a good sign for further short.
Looking forward a next volatile pattern test.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #32 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Tuesday - still in hi vola - we can find a ONE new pattern of the
"Wiener Walzer":

First - previous days must have shown more than 150 points during cash hours
Second - the BODY of a 30 min candle has to show more than 50 points
Third - a consecutive candle in the same direction has to be seen before entry.

Now on Tuesday we found a valid pattern for the HighVola "Wiener Walzer 1-2-3-4"
1) first red candle 16:30 to 17:00: 60 points (1)
2) waiting for second candle: 50 points (2)
3) entry 17:30 (yes - even after cash hours here - and only here): @ 9493 (3)
4) closing 18:30 @ 9456 (plus 37 points) (4)
5) going long 18:30 @ 9456 (5)
6) closing 19:30 @ 9477 (plus 21 points) (6)
Total short trade (37) plus long trade (21) made 58 points
On a day where normal rules were not adequate: THE SYSTEM WORKS

So the pattern (in all cases until now were SHORT) is still VALID

GFIS1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #33 (permalink)
Sofia/Bulgaria
 
 
Posts: 2 since Oct 2014
Thanks: 1 given, 1 received

Closing at 19:30 is 9451, not 9477

Cheers

Reply With Quote
 
(login for full post details)
  #34 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


tradingMark View Post
Closing at 19:30 is 9451, not 9477

Cheers

..very true - sorry - showed 20:00 close

So results are:

1) first red candle 16:30 to 17:00: 60 points (1)
2) waiting for second candle: 50 points (2)
3) entry 17:30 (yes - even after cash hours here - and only here): @ 9493 (3)
4) closing 18:30 @ 9456 (plus 37 points) (4)
5) going long 18:30 @ 9456 (5)
6) closing 19:30 @ 9451 (plus 21 minus 5 points) (6)
Total short trade (37) plus long trade (-5) made +32 points
On a day where normal rules were not adequate: THE SYSTEM WORKS

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #35 (permalink)
Paris/France
 
Experience: Intermediate
Platform: ninja
Trading: es
 
Posts: 29 since Sep 2012
Thanks: 743 given, 16 received

Hello GFIs1!

Just one question :

tuesday have show more than 150 points during cash hours

and Today the body of the 30 min (17h30-18h) candle has to show more than 50 points
with a consecutive candle in the same direction.


why you don't make any trades Today ?


stef

Reply With Quote
 
(login for full post details)
  #36 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Thanks @stef
The Hi vola in the Dax is still in testing version right now.
If the pattern is confirmed and in real time it will happen
again - I will take the trade.
Up to now it is still a test and looking back a method
for future opportunities.
Just being patient now.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #37 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


stef View Post
tuesday have show more than 150 points during cash hours

and Today the body of the 30 min (17h30-18h) candle has to show more than 50 points
with a consecutive candle in the same direction.

This candle was green...
I have not yet backtested if the Wiener Walzer rules are good for longs too.
Up to now I have only seen working patterns on shorts. They made all money.
Might be a good exercise to test these occurences in the statistics thread.
My perception of that special pattern:
If some drops are seen (body in 30 min more than 50 points) we can assume
that many stops were taken out. If volume is growing too with this move, some
more sells are probable. Until new buyers come in and turn the short in to a long.
For longs (body in 30min more than 50 points) the situation is very different though.
This thread is created to discover such patterns and test them.
For sure we can find different patterns as well.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #38 (permalink)
Paris/France
 
Experience: Intermediate
Platform: ninja
Trading: es
 
Posts: 29 since Sep 2012
Thanks: 743 given, 16 received

That's an interesting idea to separate green and red candle !

and god luck for the backtest !


Reply With Quote
The following user says Thank You to stef for this post:
 
(login for full post details)
  #39 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


GFIs1 View Post
Tuesday - still in hi vola - we can find a ONE new pattern of the
"Wiener Walzer":

First - previous days must have shown more than 150 points during cash hours
Second - the BODY of a 30 min candle has to show more than 50 points
Third - a consecutive candle in the same direction has to be seen before entry.

Now on Tuesday we found a valid pattern for the HighVola "Wiener Walzer 1-2-3-4"
1) first red candle 16:30 to 17:00: 60 points (1)
2) waiting for second candle: 50 points (2)
3) entry 17:30 (yes - even after cash hours here - and only here): @ 9493 (3)
4) closing 18:30 @ 9456 (plus 37 points) (4)
5) going long 18:30 @ 9456 (5)
6) closing 19:30 @ 9477 (plus 21 points) (6)
Total short trade (37) plus long trade (21) made 58 points
On a day where normal rules were not adequate: THE SYSTEM WORKS

So the pattern (in all cases until now were SHORT) is still VALID

GFIS1


Hi there, How many points stop are you using here?? 30??
Thanks

Reply With Quote
The following user says Thank You to CPRICE76 for this post:
 
(login for full post details)
  #40 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


CPRICE76 View Post
Hi there, How many points stop are you using here?? 30??
Thanks

normally 40 - as we are in a very fast market..
Hope this helps.
But will still optimize when I have enough data.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #41 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

This friday we had after a strange upmove from thursday and a strong
dive in the afternoon (US numbers).

The Wiener Walzer worked perfectly again (I missed that one live)

Started with
1) 15:30 9836 to 9737 (99 points) SHORT 1
2) 16:00 9737 to 9709 (28 points) SHORT 2
3) 16:30 9707 to 9688 (19 points) ENTRY
4) 17:00 9688 to 9622 (66 points) Exit and Entry LONG
5 and 6) 17:30 to 18:30 9622 to 9671 (49 points)

The short and the long gave a result of 134 points.
Hopefully some readers of the thread could profit!




GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #42 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

..on the trades viewed in this journal.
Amazing to see the gain per combined trade as average over all trades taken: +112 points **



So it is worth to wait for right setup and Take the points.

GFIs1

**note that these results are hypothetical and were not taken real time.
Just for educational reasons.

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #43 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

We can see that not all trades ended optimal:
The 6th 30min could be skipped - sometimes.
Speaking of the Short/Long combination.
I am testing a trigger for this setting now.
Like: If 3rd candle (our entry) does not have a body of more than 30 points
then get out 30 minutes earlier on the long. Would save some minus points
in the last half hour.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #44 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

10:30 to 11:00 had 84 points.. (long)
next candle started green too
Now let's wait for 11:30 to hop on or not.

very thin though
1) entry long 11:30 @ 9792
2) exit long 12:30 @ 9803 (+11 points)
3) entry short 12:30 @ 9803
4) exit short 13:00 @ 9813 (-10 points) - was nearly sure after the near Doji on the second candle

new rule for a shorter second leg...

lets see the exit 13:30 to compare
4) exit short 13:00 @ 9795 (+8 points) A total of 19 points in the combined but...

OK: the setting on 2nd candle was already dead..
Making some points or losing: it is not really of interest to jump in when we see a broken trend.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #45 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Developing on the 9:30 candle green: could be the attack of 10K again
Alarm of >50 points body
Aggressive volume >15K on first green candle

1) 9:30 to 10:00 (49.5 points)
2) 10:00 to 10:30 confirmation long (20.5 points)
3) entry 10:30 @ 9876.5
4) exit 11:30 @ 9900
gain 23.5 points
stopped here as the setup is no longer valid
so no short..

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #46 (permalink)
Sofia/Bulgaria
 
 
Posts: 2 since Oct 2014
Thanks: 1 given, 1 received


GFIs1 View Post
Developing on the 9:30 candle green: could be the attack of 10K again
Alarm of >50 points body
Aggressive volume >15K on first green candle

1) 9:30 to 10:00 (49.5 points)
2) 10:00 to 10:30 confirmation long (20.5 points)
3) entry 10:30 @ 9876.5
4) exit 11:30 @ 9900
gain 23.5 points
stopped here as the setup is no longer valid
so no short..

GFIs1

Hello GFIs1,

My 10:00-10:30 candle is red. Is something wrong with my data provider or just a mistake on your side?

Thanks,
tradingMark

Reply With Quote
 
(login for full post details)
  #47 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Here is my chart - IB as data provider
IMPORTANT: DAX future March



GFIs1

edit: eventually check your clock - we had strong moves around 10:30...

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #48 (permalink)
Paris/France
 
Experience: Intermediate
Platform: ninja
Trading: es
 
Posts: 29 since Sep 2012
Thanks: 743 given, 16 received

14h30-15h a big Red candle ,

Perhaps a second red candle

Reply With Quote
The following user says Thank You to stef for this post:
 
(login for full post details)
  #49 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


stef View Post
14h30-15h a big Red candle ,

Perhaps a second red candle

thanks @stef
yes - the red was today always present - here now 53 points
but we had very strong long pusher in the morning
Let's see what we can do about..
Next candle: Doji
no confirmation yet

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #50 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

What a dive!
Such vola is extreme.
Will see if we can ride a Wiener Walzer...

GFIs1

finally we got in these 30 minutes:
10:30 to 11:00
Hi 9925
Lo 9582
Dive - 343 points

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #51 (permalink)
Market Wizard
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
 
Posts: 514 since Nov 2011
Thanks: 370 given, 439 received


GFIs1 View Post
What a dive!
Such vola is extreme.
Will see if we can ride a Wiener Walzer...

GFIs1

Any common economic release reasons for that?

Reply With Quote
The following user says Thank You to Koepisch for this post:
 
(login for full post details)
  #52 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


Koepisch View Post
Any common economic release reasons for that?

normal release of this morning was that the german economy rose 1,5% last year...

BUT: Swiss National Bank now had skipped the minimum EUR/CHF rate of 1.20
and put a negative 0,75% rate on money hosted by them...

We will see soon see what are the main reasons.

Best to sit on hands or put hard stops - otherwise a account can be wiped out in 5 minutes!

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #53 (permalink)
Market Wizard
@ Germany
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: FDAX
 
Posts: 514 since Nov 2011
Thanks: 370 given, 439 received


GFIs1 View Post

Best to sit on hands or put hard stops - otherwise a account can be wiped out in 5 minutes!

GFIs1

Best advice today! I guess even the stop order slippage would make you cry like a child. Violent move, really.

Reply With Quote
The following 2 users say Thank You to Koepisch for this post:
 
(login for full post details)
  #54 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

EUR/CHF dived 12% from 1.20 to 1.0582 actual

SMI down >7% in the last hour

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #55 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Jump from 0.98 up to 1.3942



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #56 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Back to the DAX on 15.1.15

Cash hours
High 9958.5
Low 9582.5

Max points: 376 in the future

This makes many coming days difficult to trade
Be aware!

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #57 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Actual chart of the Dax - 3 hours after SNB decision:



Watch the volume of >26'400 contracts in ONE 30 minutes candle

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #58 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

The good thing of such a shake out:

Some investors in the markets have been set aside (bad for them..)
but the market will have a bit less speculators and pricing will be
more market adequate.

Hoping to see the German Dax to develop more predictable than what
we have seen during the last months.

Just my personal view.
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #59 (permalink)
Geneva, Switzerland
 
 
Posts: 1 since Aug 2014
Thanks: 12 given, 1 received

Thanks very much for doing this.

When you do your research, do you look to see if there are different patterns at the DAX and New York opening times?

Reply With Quote
The following user says Thank You to Nic999 for this post:
 
(login for full post details)
  #60 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


Nic999 View Post
Thanks very much for doing this.

When you do your research, do you look to see if there are different patterns at the DAX and New York opening times?

I am just looking at the Dax and follow if a pattern is showing up.
Only difference to my other journal is that here we can watch patterns forming during futures opening - means
longer than cash hours.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #61 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Today we have seen a up spike in the Dax in the afternoon.
Looks like it was Draghi's announcement to get the last drop out of any money printing machine.
Draghi's announcement here:
https://www.bloomberg.com/news/2015-01-21/ecb-said-to-propose-qe-of-50-billion-euros-a-month-through-2016.html

In fact we had a first green candle of 52 points on 15:30 to 16:00
It overshooted a lot..
The following is still winding slowly up after a deep dive..
Now - of course high risk!

16:30 entry long: 10257
17:30 exit long: 10301
17:30 entry short: 10301
18:30 exit short: 10306
result long 43 points, short -5 points
Total 38 points ***

Good trades!
GFIs1

*** not the normal pattern

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #62 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

..is QE for the next years..
pushing stocks to new high levels and sending the EUR down.
Today we see another WW pattern developing:

From 16:00 to 16:30 green 54 pts
entry long 17:00 @ 10448
exit 18:00 @ 10430 (minus 18 points)
entry short 18:00 @10430
exit 19:00 @ 10466 (minus 36 points)
result minus 54 points

Just another test drive here in new thin air.
Next fib resistance 10530 area (161%)
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 5 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #63 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Will not have a nice result for Walzers...

So we try to skip that event when things are upside down.

Happy to see though the high volumes and movements.
It is a good hint how to proceed!

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #64 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Today around IFO numbers (10:00) a new pattern developed.
09:30 51 points
next candle green
entry 10:30 @ 10699
exit 11:30 @ 10714 (15 points)
short entry 11:30 @ 10714
exit 12:30 @ 10730 (-16 points9
result -1 point

GFIs1

Pattern was broken on 4th long candle..

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #65 (permalink)
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


GFIs1 View Post
Today around IFO numbers (10:00) a new pattern developed.
09:30 51 points
next candle green
entry 10:30 @ 10699
exit 11:30 @ 10714 (15 points)
short entry 11:30 @ 10714
exit 12:30 @ 10730 (-16 points9
result -1 point

GFIs1

Pattern was broken on 4th long candle..

Hi GFIs1

We have made a robot based on your strategy to be able to back test it. We will publish it here if it is ok with you. Few questions if you don't mind:
1. 150 points comes from where? Is that some ADR times sigma based on some period of time?
2. 50 points - same question, is that some ATR for 30 minutes for some period times sigma?
3. Does second signal candle have to be shaped strongly, i.e. no large tails in the direction of trade? Some rule, for example a body must contain 70-80% of a spread?

Cheers

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to xelaar for this post:
 
(login for full post details)
  #66 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


xelaar View Post
Hi GFIs1

We have made a robot based on your strategy to be able to back test it. We will publish it here if it is ok with you. Few questions if you don't mind:
1. 150 points comes from where? Is that some ADR times sigma based on some period of time?
2. 50 points - same question, is that some ATR for 30 minutes for some period times sigma?
3. Does second signal candle have to be shaped strongly, i.e. no large tails in the direction of trade? Some rule, for example a body must contain 70-80% of a spread?

Cheers

Hi Alex - thanks for your efforts. Very welcomed! Publishing too.

1) 150 points come from my 1 Dax per day journal rule. It is a good halt for applying rules there. Was looking for a easy
system for these special days when I can not trade on my normal rule set which is much more complicated than
this Walzer one. So 150 points are the Hi/Lo within the Cash hour for the Dax future.
2) 50 points were a trigger which I saw that it works best at least during the last 3 months
3) The second candle must have same color. In fact a good body (>60%) can be more showing momentum. But I do
not have any statistical proof yet.
Feel free to ask.
Good tests

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #67 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

..we could follow a new "Wiener Walzer". Might even give a new ATH in the Dax today.

First green candle showed 71 points and the second one is not finished yet - but over 50 points
as it seems.
So I enter on 10:30 long until 11:30
then short 11:30 to 12:30

1) long entry 10:30 @ 10889
2) close 11:30 @ 10902
result plus 13 points
3) short entry @ STOPPED the second trade here as the pattern has not developed after rules
4) close 12:30 @
result
Total points: 13

GFIs1

edit: A new ATH might happen as discussed - only be cautious for taking shorts right now

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #68 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Even we had some tremendous moves and spikes lately - like this of friday

there was no Wiener Walzer to start or such patter to see in both directions.

Where is the real difference then?
a) These moves are not triggered by bigger players - but of a bunch of traders around a bigger event (here Greek decision)
b) It is about setting new ATH's in thin air where not many placed orders will be found the first time
c) It is not about pushing the price really to a different area up or down.

Just watch in above chart the volume histogram to the right - it shows not big volumes along the line above
the old ATH.

For sure we will see Wiener Walzer patters again - maybe on Monday where a normal GFIs1 trade will not happen.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #69 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

even on a Wednesday the Dax does NOT go down..
but makes instead a high volume high upspike in the morning:

74 points in the first 30 minutes.. and over a hundred in 60 minutes

So we try to make a WienerWalzer instead (I need to copyright the term - LOL)

9:00 spike 74 points, 9:30 green
entry long 10:00 @ 11630
exit 11:00 @ 11679
result 1 (49 points)
entry short 11:00 @11680
exit 12:00 11710
result 2 (minus 30 points)

total points 19

even on ATH's a short within WienerWalzer is NOT recommended

GFIs1

wasn't it clear to see a new ATH?
the next will come really soon - so don't bother

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #70 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Today we have a red candle at the opening with 89 points

So waiting for the next red 30 min candle to confirm and then

entry short 10:00
close short 11:00
entry long 11:00
close long 12:00

note: the long will only take place if ALL four previous candles were red.

Pattern WAS NOT CONFIRMED on 2nd candle after IB - so no trade..

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #71 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Volume today is good - the sign of a hefty down on Initial Balance can be a reversal sign
in short term.

The chart:



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #72 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received

Indeed a very clean move up to now - only 905 Region still open.
But short-term already a little overextended to the downside ...


Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #73 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received


GFIs1 View Post
Volume today is good - the sign of a hefty down on Initial Balance can be a reversal sign
in short term.

GFIs1

Preferred targets for a small swing (if the reversal assumption is correct) would be around 11730 imo.
Guess we will get hints as soon as the momentary short-term overextension decreases, but probably
not before US RTH.

Reply With Quote
 
(login for full post details)
  #74 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


choke35 View Post
Preferred targets for a small swing (if the reversal assumption is correct) would be around 11730 imo.

Your mentioned area above is reached.
Some correction is for sure needed to make the 13k soon.
As price is in thin air here and supports are invisible - the 11730 can be quickly made (within 2 - 3 days).

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #75 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received


GFIs1 View Post
Your mentioned area above is reached.
Some correction is for sure needed to make the 13k soon.
As price is in thin air here and supports are invisible - the 11730 can be quickly made (within 2 - 3 days).

GFIs1

Exactly.
So strategy was short-term long at target.
Perhaps FDAX manages to get back to vwap ...
But for the swing, I go on spotting for shorts.

Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
  #76 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


choke35 View Post
Exactly.
So strategy was short-term long at target.
Perhaps FDAX manages to get back to vwap ...
But for the swing, I go on spotting for shorts.

Some perception with Ichimoku here:

Actual price was diving in hourly Kumo and sits now in the middle.
The lower Kumo support sits @ 11810 which IS the TenkanSen of the daily chart.
Next lower support (which will slightly move up a bit the next days) is now 11492
which is shifted by me to 11512 next...

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #77 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received


GFIs1 View Post
Some perception with Ichimoku here:

Actual price was diving in hourly Kumo and sits now in the middle.
The lower Kumo support sits @ 11810 which IS the TenkanSen of the daily chart.
Next lower support (which will slightly move up a bit the next days) is now 11492
which is shifted by me to 11512 next...

GFIs1

11810 is also interesting in other techniques.
Volume profile e.g. has a massive airhole starting just below 11810.
So the region 11800-11600 could become a very fast one.

Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #78 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Today:
1) prev day had no high vola
2) tomorrow is last of quarter - normally pushing to new highs and polishing numbers (bonuses etc.)
3) today we see a promising WienerWalzer pattern developing

So
1st IB 74 points in 30 minutes with good volume
2nd candle 67 points
3rd candle green: entry long @ 12073
4th candle......: exit @ ??


Will a WienerWalzer pattern develop valid under these circumstances?

GFIs1

Edit: 12:15
No normal 4 long 2 short pattern did came out...
Conclusion: no NEW rule
And testing only when high vola day (+150 points) happened the day before

Good Trades!
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #79 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Here the chart:



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #80 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Yesterday during cash hours a 242 points move down:
Today no normal trade but looking for our Wiener Walzer pattern could bring some extra points.
Just looking carefully (at this special occasion) the 30min. movements on the Dax.

Good trades
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #81 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

First drop (a heavy one). Looking at Open/Close per 30 minute candle here:
red 1) 12:00 to 12:30: 11966 to 11800 ---> 166 points ***
red 2) 12:30 to 13:00: 11800 to 11798 ---> 2 points

entry short 3) 13:00 @ 11798
exit 4) 14:00 @ 11784
result 1: 14 points

entry long 1) 14:00 @ 11784
exit long 2) 15:00 @ 11808
result 2: 24 points

Total points 14 + 24 = 38 points

GFIs1

*** Volume was 30K plus in these 30 minutes (sic!)
and of course took out a lot of SL

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #82 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

As on Friday we saw a special slip - today we had to check for a Wiener Walzer in the morning again.

It worked like a charm:
1) after a green 9h candle of 60 points
2) entry long 10h @ 11835
3) exit 11h @ 11868 (result 33 points)
4) entry short 11h @ 11868
5) exit 12h @ 11864 (result 4 points)

Total points today: 37

Good trades - looking for a normal SHORT on Wednesday..
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #83 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

..here the chart:



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #84 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Good signs for a new Walzer today:
9:30 to 10:00 65 red points..
lets see if it holds on 2nd candle: red too
yes - confirmed

entry short 10:30 @ 11952
exit 11:30 @ 11870 (result 82 points)
entry long 11:30 @ 11870
exit 12:30 @ stopped out BE (green was only 20 minutes)

Total points 82 points

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #85 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received


GFIs1 View Post
Good signs for a new Walzer today:
9:30 to 10:00 65 red points..
lets see if it holds on 2nd candle: red too
yes - confirmed

entry short 10:30 @ 11952
exit 11:30 @
entry long 11:30 @
exit 12:30 @
result

GFIs1

With PAT also at a critical point, the timing of the Wiener Walzer trade could prove nearly ideal:


Reply With Quote
The following 3 users say Thank You to choke35 for this post:
 
(login for full post details)
  #86 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received


GFIs1 View Post
Good signs for a new Walzer today:
9:30 to 10:00 65 red points..
lets see if it holds on 2nd candle: red too
yes - confirmed

entry short 10:30 @ 11952
exit 11:30 @ 11870 (result 82 points)
entry long 11:30 @ 11870
exit 12:30 @

Total points

GFIs1

Congrats on the short part! Really nice systemic result.
The long part is a little harder (imo), because a sweeper
down - e.g. to 11830 - is still missing.

Reply With Quote
 
(login for full post details)
  #87 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


choke35 View Post
Congrats on the short part! Really nice systemic result.
The long part is a little harder (imo), because a sweeper
down - e.g. to 11830 - is still missing.

Thanks!
Still looking to see price down 11620 area - very soon.

But still conviced on this pattern trade:
Will publish next the results of the Wiener Walzer trades in a sheet
from December last year to now (5 months).

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #88 (permalink)
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,098 given, 6,549 received


GFIs1 View Post
Thanks!
Still looking to see price down 11620 area - very soon.

But still conviced on this pattern trade:
Will publish next the results of the Wiener Walzer trades in a sheet
from December last year to now (5 months).

GFIs1

Nice service
(Although I already have a positive impression about the pattern which
won't be shattered by minor sweeps which trigger a stop from time to time.)

Reply With Quote
 
(login for full post details)
  #89 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

After 4 months since mid december 2014 I caught some trades after high vola days
with the discussed method in this thread.

What I learned:
1) On days with ECB or IFO numbers - some patterns start - but give negative points.
NEW RULE ADD: NO trade on ECB or IFO day!

2) I have not taken all possible patterns - as they can occur when I am not watching the Dax.
There are possibilities in the evening (after cash hours) too.
So the shown results are exclusively the ones I announced in my threads.

3) For such a easy to set up system it is quite good performing. Means that I get cumulated
results in nervous markets that are much higher than in my normal 1 trade Dax thread.

4) What is most important: that both systems work together very well.

The results:
I took 18 trades in these 4 months - some days more than one Walzer.
The total points overshoot now the normal yearly result in the other thread (which is ~1050 points)
62.4 points per trade gave a total of 1124 points.

Comment: Steady points and little drawdown with very little time effort - is much welcomed - especially by @ratfink

GFIs1

Attached Thumbnails
GFIs1 HighVola Dax Journal-wienerwalzerjournal.pdf  
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #90 (permalink)
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,401 received


GFIs1 View Post

The results:
I took 18 trades in these 4 months - some days more than one Walzer.
The total points overshoot now the normal yearly result in the other thread (which is ~1050 points)
62.4 points per trade gave a total of 1124 points.

Comment: Steady points and little drawdown with very little time effort - is much welcomed - especially by @ratfink

GFIs1

Fantastic results! Most important single rule is that your best weeks are when I am on holiday. I am pondering how to make best use of this.

Travel Well
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to ratfink for this post:
 
(login for full post details)
  #91 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Another Walzer today:

2 red candles since 15:30

entry short 16:30 @ 11865
stopped it immediately as first red candle was exactly 50 points..


GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #92 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Dax short 10:30 @ 11761
stopped out BE
price dropped to 11730 to come back very quickly
pattern no longer valid
result 0

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #93 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

This week was very shaky which triggered some trades here - either with a stop on BE or
with winners.
From tomorrow Friday to next week Thursday we do have a lot to take into consideration:
1) Friday IFO day + US numbers
2) Thursday next week last of month
3) Friday 1st May no DAX traded
This all after a high volume week we had seen - with many ups and downs.
Expecting some good setups for a Walzer here.

Good trades
GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #94 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


GFIs1 View Post
This week was very shaky which triggered some trades here - either with a stop on BE or
with winners.
From tomorrow Friday to next week Thursday we do have a lot to take into consideration:
1) Friday IFO day + US numbers
2) Thursday next week last of month
3) Friday 1st May no DAX traded
This all after a high volume week we had seen - with many ups and downs.
Expecting some good setups for a Walzer here.

Good trades
GFIs1

At what point do u move your stop to BE?? eg IF 20 points in profit etc..?
Thanks

Reply With Quote
 
(login for full post details)
  #95 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


CPRICE76 View Post
At what point do u move your stop to BE?? eg IF 20 points in profit etc..?
Thanks

My stops in this system are very widely spread: If I can watch price at screen I will do it manually.
If sure that the price drops more - the stop is on BE.. and I leave the screen.
My job is not to sit and move the stops in fact in any case.
So the pattern WorKS or NoT.. - hence a stop.
In very volatile moments it looks not bad to trade that system fully automated.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #96 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

2 green shifts from 12:00 to 13:00

entry long 13:00 @ 11925
ext 14:00 @ 12000
entry short @12000
exit 12020 SL (-20 points)

result +55 points

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #97 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received

Some red down candles are showing a new opportunity:

Dax short 13:30 @ 11899
exit 14:30 @
... pattern broken - stopped out

result -20 points

GFIs1

Don't forget: tomorrow FED decision - what ever - but no Walzer!

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #98 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


GFIs1 View Post
Some red down candles are showing a new opportunity:

Dax short 13:30 @ 11899
exit 14:30 @
... pattern broken - stopped out

result -20 points

GFIs1

Don't forget: tomorrow FED decision - what ever - but no Walzer!


Thewre were 3 walzer oppurtunities today- all of them would of been losers- why didnt u take all 3???

Also, have you now reduced your stop to -20 points from -30??

Thanks

Reply With Quote
 
(login for full post details)
  #99 (permalink)
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,292 since Feb 2012
Thanks: 5,239 given, 11,050 received


CPRICE76 View Post
Thewre were 3 walzer oppurtunities today- all of them would of been losers- why didnt u take all 3???

Also, have you now reduced your stop to -20 points from -30??

Thanks

Walzers are best at the start of a cash session. When the volume is still high.
If the 3rd candle is not following - there is no need to follow the wrong way - nor to stumble
into the next Walzer. Doing a Walzer after a successful Walzer during the same day is a good
thing - I showed it 3 months ago.
But 20 points SL is enough to step out: if the 3rd candle does not really follow - then we have
to get out.
My 30 points "noise" stop is only done in my other thread.
A Walzer should "shoot" in the same direction: if it is not, then a good money management can
protect from bigger losses.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #100 (permalink)
LONDON
 
 
Posts: 91 since Apr 2013
Thanks: 109 given, 36 received


GFIs1 View Post
Walzers are best at the start of a cash session. When the volume is still high.
If the 3rd candle is not following - there is no need to follow the wrong way - nor to stumble
into the next Walzer. Doing a Walzer after a successful Walzer during the same day is a good
thing - I showed it 3 months ago.
But 20 points SL is enough to step out: if the 3rd candle does not really follow - then we have
to get out.
My 30 points "noise" stop is only done in my other thread.
A Walzer should "shoot" in the same direction: if it is not, then a good money management can
protect from bigger losses.

GFIs1


Thanks. I noticed you did the first walzer but why not the other 2 that were available??

Thanks

Reply With Quote


futures io Trading Community Trading Journals > GFIs1 HighVola Dax Journal


Last Updated on September 15, 2020


Upcoming Webinars and Events
 

Journal Challenge!

February
 

Battlestations!

March
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
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.
no new posts