GFIs1 HighVola Dax Journal - futures io
futures io futures trading



GFIs1 HighVola Dax Journal


Discussion in Trading Journals

Updated by ales19
      Top Posters
    1. looks_one GFIs1 with 220 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 42,217 views
    2. thumb_up 579 thanks given
    3. group 68 followers
    1. forum 296 replies
    2. attach_file 36 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 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: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 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?
EQIX - Digital REITs - any experiences?
Stocks and ETFs
Looking freelancer for MT4 Indicator
Platforms and Indicators
GBP/ARS Pair
Traders Hideout
RENKO 60 min settings
MultiCharts
help to convert from thinkscript to ninjascript
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Legal question and need desperate help
183 thanks
Building a high-performance data system
18 thanks
FIO Journal Challenge - June 2020 w/SharkIndicators
15 thanks
VWAP for stock index futures trading?
11 thanks
Is Orderflow An Outdated Concept?
11 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: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 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: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 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: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 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: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 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: 5,103 since Feb 2012
Thanks: 5,132 given, 10,670 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:


futures io Trading Community Trading Journals > GFIs1 HighVola Dax Journal


August 2, 2020


Upcoming Webinars and Events
 

Getting Comfortable with Price Action Patterns w/Earn2Trade

Aug 4
 

Live Video Panel: Ask Me Anything w/Ironbeam Brokerage

Aug 6
     



Copyright © 2020 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