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To prepare for today I entered the extreme values for prior day OHLC and the day before OC.
No filter for day of the week, as not many occurrences will remain after adding filters for gap/IB OC.
GREEN IB
When I add a filter to a green IB (9:00-9:30 bar), the output looks like this:
RED IB
When I add a filter to a red IB (9:00-9:30 bar), the output looks like this:
There is a long trade between these short trades, showing how random things are, or can be.
Gap: no
Gap closed during IB: x
Position price at 9:30: inside prior day HL near the prior day low
IB direction: short
Prior day OC had extreme values 353 pts red.
I don't have a fixed process for these extreme days yet.
I tried some things, but nothing solid/consistent came out of it.
Results are not good enough for a trade.
Not a good week, but at least the trades are giving statistics
As I’m on holiday I won’t have time to prepare the trade upfront some days. I will review later in that case. I now checked the data for yesterday and as Thu & Fri were both extreme Prior Day OC days, there are very few occurrences. I also don’t have a fixed process for these situations.
FDAX
Gap: yes
Gap closed during IB: No, but only 2 points above prior day high left. Closed around 9:35
Position price at 9:30: above prior day HL near the prior day high
IB direction: short
Day before prior day OC had extreme values -/- 249 pts.
Results are not good enough for a trade (not enough occurrences and conflicting short/long trades).
As I’m on holiday I won’t have time to prepare the trade upfront some days. I will review later in that case. I now checked the data for yesterday and as Thu & Fri were both extreme Prior Day OC days, there are very few occurrences. I also don’t have a fixed process for these situations.
FDAX
Gap: yes up
Gap closed during IB: No, but only 2 points above prior day high left. Closed around 9:35
Position price at 9:30: above prior day HL near the prior day high
IB direction: short
Day before prior day OC had extreme values -/- 249 pts.
Results are not good enough for a trade (not enough occurrences and conflicting short/long trades).
Gap: no
Gap closed during IB: x
Position price at 9:30: above prior day HL
IB direction: long (70pts)
Yesterday small OC range 93pts. Today extreme IB OC.
At 9:30 the price is above prior day HL, leaving not many occurrences, however, results are good enough for a trade.
DAX long (paper) trade
Entry 11:00
Exit 14:30
SL 35 pts
Result .. pts
Historical results with this setup: See snapshot
Let’s see
(SumR translates to a relative (to current FDAX price) result of X points per trade
(Relative trade result = trade result in pts / 9am open price * 10000, and the SumR is the sum of the relative trade results))
