Dark Theme
Light Theme
Trading Articles
Article Categories
Article Tools
Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
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 for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Updated June 22, 2024
Top Posters
looks_one
Deetee
with 451 posts (627 thanks)
looks_two
GFIs1
with 13 posts (23 thanks)
looks_3
Schnook
with 9 posts (23 thanks)
looks_4
Miesto
with 7 posts (14 thanks)
Best Posters
looks_one
Schnook
with 2.6 thanks per post
looks_two
Miesto
with 2 thanks per post
looks_3
GFIs1
with 1.8 thanks per post
looks_4
Deetee
with 1.4 thanks per post
trending_up
64,944 views
thumb_up
745 thanks given
group
33 followers
forum
510 posts
attach_file
226 attachments
October 12th, 2022, 03:36 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Wednesday
FDAX
Gap : no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short (116pts)
The 9:30-12:30 trade gave much more points , but I’m sticking with the highest win %.
DAX short (paper) trade
Entry 10:30
Exit 12:30
SL 67 pts (very high with current ATR )
Result -67 pts (SL)
Historical results with this setup:
SumR 151,5 (19 trades/win% 84.2%)
So, SumR translates to a relative (to current FDAX price) result of X points per trade (SumR/No of trades/10000*9am open price).
Let’s see
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
October 13th, 2022, 03:35 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Thursday
FDAX
Gap : no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: long
Not looking good for a trade
October 14th, 2022, 03:58 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Friday
FDAX
Gap : up gap
Gap closed during IB: no
Position price at 9:30: above prior day HL
IB direction: short
Not looking good for a trade
October 17th, 2022, 03:35 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Monday
FDAX
Gap : no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short
Not many historical occurrences and no good results
October 18th, 2022, 09:21 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Tuesday
I couldn't make it this morning, but with the not closed up gap it didn't give a good trade.
October 19th, 2022, 04:36 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Wednesday
FDAX
Gap : no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short
Results on the edge, but both long and short trades in overlapping times means of course no trade
October 20th, 2022, 03:49 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Thursday
FDAX
Gap : down gap
Gap closed during IB: yes
Position price at 9:30: below prior day HL
IB direction: short
The small down gap is closed, and price at 9:30 is below prior day HL. I’m not sure what to look at, so no trade.
October 20th, 2022, 05:34 AM
Monte Carlo, Monaco
Legendary Market Wizard
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 654 since May 2012
Thanks Given: 806
Thanks Received: 1,204
Hi Deetee, why not look at some more non-correlated markets - like 6E, GC, CL, FGBL - so you will have a higher probability of at least one trade per day? Or, if you just want to trade the FDAX, add another setup (like for example fading a breakout instead of trading an IB breakout)?
-Michel
October 21st, 2022, 03:32 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Friday
FDAX
Gap : no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: long
DAX short (paper) trade
Entry 10:00
Exit 12:30
SL 59 pts (very high with current ATR )
Result 32 pts
Historical results with this setup:
SumR 346 (18 trades/win% 72.2%)
So, SumR translates to a relative (to current FDAX price) result of X points per trade (SumR/No of trades/10000*9am open price).
Let’s see
October 21st, 2022, 03:40 AM
Amsterdam, The Netherlands
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 600 since Jul 2019
Thanks Given: 2,884
Thanks Received: 834
Mich62
Hi Deetee, why not look at some more non-correlated markets - like 6E, GC, CL, FGBL - so you will have a higher probability of at least one trade per day? Or, if you just want to trade the FDAX, add another setup (like for example
fading a
breakout instead of trading an IB breakout)?
-Michel
Hi Michel,
Thanks for your suggestions.
I just decided to trade the DAX because of the trading hours fit me well, but more important, @GFIs1 system was based on the DAX.
I started looking at NQ/ES some time ago, but that didn't give much.
The tool we created is based on the first bar RTH . Changing that to look at breakouts would be difficult. However, I can add data of any ticker to the tool. In general it just looks at prior day and the day before (open-close), and then the IB (30m).
For my understanding, why would these non-correlated markets give more trading options?
Dennis
Last Updated on June 22, 2024