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)
DAX long closed 13:30 @ 6903
Result plus 25 points
Goal was to trade the most probable winning trade for a Thursday morning
and to collect those points. Today we have left some points on the table - yes.
In the long run this only shows that the rules were ok for this day.
This was the rule for Thursday - which is a extract out of statistics for movements of the Dax on a Thursday.
More background to this you can find on linnsoft.com page under the theme "homeworks" (Thanks to FT71
and Chad).
As I pointed out - the trade is not taking a full legs length - but takes the most probable positive points
to succeed. So the risk is minimized by not letting a trade to be shaken by big numbers or by the overlapping
time when the US exchange starts.
This way we may increase our exposure (by percentage) and instead having a lower risk profile during the day.
The second positive argument is that you can let the trade develop itself without to be online to watch "signals"
as we know the exit point at entry time. The exit can thus be easily automated and has not to be under
the permanent control by the trader. To minimize risk our stops are evident too.
GFIs1
PS: To minimize the postings here on this forum I tend to place one post to preview the daily trade and one post
with result plus eventual answers to questions. The entry level and the exit level you may get real time on my
twitter account with the same name.