Deeteeâ€™s DAX Trading Journal (time based)

January 28th, 2022, 03:28 AM

Friday

FDAX
Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: very short

The rules are (still) not ready for these extreme values, like today's IB. So not trade.

FESX same story.

Even though the DAX was a great spectacle this week, it was not for my system/rules. Well, not yet

January 28th, 2022, 05:03 AM

Andreikoan

Thanks for your journal, Deetee. Can you tell me what session close time do you use for DAX 17:30 or 22:00 CET?

Thank you for your message.
(For now) I'm only looking at the RTH (9:00-17:30 CET). Maybe in the future I could extend this.

January 30th, 2022, 08:59 AM

Results

This week I had 1 FDAX trade in this journal, 48 points loss.

Total results for this journal:

January 31st, 2022, 03:21 AM

Monday

Last day of the month

FDAX
The up gap at opening + last day of the month filters don't have enough sample days in the data.

So no trade

FESX idem dito

February 1st, 2022, 03:27 AM

Tuesday

First day of the month

FDAX
Gap: no gap (open at prior day high)
Gap closed during IB: x
Position price at 9:30: above prior day HL
IB direction: long

DAX Short trade
Entry 10:30 @ 15550
Exit 13:30 @ 15596 (SL)
SL 46 pts
Result -46 pts

Historical results with this setup:
SumR 352 (19 trades/win% 84%)

So, SumR translates to a relative (to current FDAX price) result of 29 points per trade (SumR/No of trades/10000*9am open price)

Let’s see

FESX: Short 1130-1230 SL 15pts >> result -15

February 2nd, 2022, 03:27 AM

Wednesday

FDAX
Gap: no gap
Gap closed during IB: x
Position price at 9:30: above/inside prior day HL
IB direction: long

The no gap + price above prior day HL at 9:30 doesn't leave many days. So, no trade.

FESX same

February 3rd, 2022, 03:29 AM

Thursday

FDAX
Gap: down gap
Gap closed during IB: yes
Position price at 9:30: below prior day HL
IB direction: short

Mixed results, not many occurrences either. No trade

FESX not good

February 4th, 2022, 03:35 AM

Friday

FDAX
Gap: no gap
Gap closed during IB: x
Position price at 9:30: below prior day HL
IB direction: short 123pts

Extreme IB value, no trade

FESX too few occurrences

February 5th, 2022, 02:03 AM

Results

This week I had 1 FDAX trade in this journal, 46 points loss.

Disappointing, yes.
Giving up, no.
Need to do more work, yes, much more.

I need to look:
* for stronger statistics, meaning trades based on a higher number of historical trades
* into gap days
* into first & last days of the month
* into IFO days
* into day before and after long weekends
* into pre-market and/or overnight data
* into days with an extreme IB or prior day HL/OC values
And more.

I do believe there is good money to be made with the system.

I'm working on a project and am going to move houses. When that's done, I will dedicate my time again on doing the work I need to do.

Total results for this journal:

Have a good weekend

February 7th, 2022, 03:36 AM

Monday

FDAX
Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short

The system is giving a trade (Long 10:30-13:00) but not very strong and considering the almost extreme IB, I will skip the FDAX trade.

FESX, also almost extreme IB, but the trade is strong: Long 11:00-14:00 SL 14 >> result 12,5 pts

Let's see

Deeteeâ€™s DAX Trading Journal (time based)

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Deetee’s DAX Trading Journal (time based)