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For the ‘last day of the month’ I made a separate analysis.
On Wednesday + last day of the month + IBL + No gap, there are only 6 historical occurrences (short trades 77 pts 6 win/0 loss, long trades 136 pts 3 win/3 loss). Considering 5 out of 6 days had a red prior day and the thin sample size, no trade today.
Long weekend coming up, no trading on Friday and Monday.
In the Thursday files, when I add filters on IBS and on ‘Up gap (both closed & not closed)’, the results for a long trade are slightly better than the short trade.
After excluding the extremes on the day before prior day OpCl range, the results for a short trade looks interesting (though be it thin), so:
DAX Short trade
Entry 9:30 @ 15067
Exit 12:00 @
SL 40 pts
Result .. pts
Historical results with this setup:
198 pts (8 win/1 loss)
Last Friday we travelled to The Azores, Portugal, to stay with my family in law for 5 weeks. On Terceira island are 0 active covid19 cases, so some (home) quarantine and a re-test are required. Even though also here face masks are mandatory, life is more normal, especially the social part.
Different time zone here (-/- 2 hrs compared to Amsterdam/CET), and I am not sure yet if I am going to put my alarm clock early every morning. Having better results on this journal would be a good motivator to wake up early.
Last week I had 2 trades in this journal, -/- 22 points loss. I have not done much on finding alternatives yet, but it’s on my to do list...
In the Wednesday files, when I add filters on IBL, on ‘No gap’ and on IB position at 9:30 inside prior day HiLo range, the best result for a long trade (1285 pts, 81 win/55 loss, SL60 11:30-15:30) look much better than the short trade.
After excluding the extremes on prior day HiLo range, prior day OpCl range and the day before, the results for the long trade are still best, so:
DAX Long trade
Entry 11:30 @ 15223
Exit 15:30 @ 15188 (SL )
SL 35 pts
Result -35 pts
Historical results with this setup:
618 pts (26 win/19 loss)
Today the IB Op/Cl is only 1 point, so I would not take a trade as there is no clear direction. But:
In the Thursday files, when I add filters on IBL, on ‘No gap’ and on IB position at 9:30 inside prior day HiLo range, the best results are for a short trade (809 pts, 79 win/45 loss, SL50 10:30-13:00) (the best long trade gave 985 pts, 30 win/94 losses).
In the Thursday files, when I add filters on IBS, on ‘No gap’ and on IB position at 9:30 inside prior day HiLo range, also the best results are for a short trade (1148 pts, 83 win/65 loss, SL60 10:30-12:30).
IBL and IBS both have a similar outcome for entry time, exit time and SL. That could be interesting.
For both IBL and IBS, the SL is pretty high while the pts per trade is pretty low. That is not so interesting.
When I add a filter on prior day Op/Cl and on the day before, the IBS and IBL entry/exit times are not similar anymore, so I’ll skip the trade today.
In the Friday files, when I add filters on IBS, on ‘No gap’ and on IB position at 9:30 inside prior day HiLo range, the best results are for a short trade (1438 pts, 75 win/78 loss, SL50 10:00-15:30) but the win % is not good (the best long trade gave 530 pts, 68 win/85 losses).
When I add a filter (excluding the extreme values) on prior day Hi/Lo, prior day Op/Cl and on the day before, the short trade still looks best, but not good enough for a trade (363 pts, 15 win/13 loss).
Anyway, I’ll skip the trade today, because while adding these filters one by one, I see different entry/exit times. I prefer to see some consistency while filtering down. Plus low volume on the IB.
Dear followers, I entered the April Journal competition. I would appreciate it a lot if you could hit the THANKS button on my April posts
Last week I only had 1 trade in this journal, 35 points loss.
Even though some statistics show pretty good results in the past, the trades I’m taking in this journal are not successful.
I have started to look for adjustments. One of the things I want to look at, are short term trades (like 30-120 minutes).
In the Monday files, when I add filters on IBS, on ‘No gap’ (the gap at opening was 1pt, but closed immediately) and on IB position at 9:30 inside prior day HiLo range, the best results are for a long trade (994 pts, 63 win/41 loss, SL35 12:00-14:00) (the best short trade gave 258 pts, 31 win/73 losses).
When I add a filter (excluding the extreme values) on prior day Hi/Lo the same long trade still looks good, so:
DAX Long trade
Entry 12:00 @ 15263
Exit 14:00 @ 15265
SL 35 pts
Result 2 pts
Historical results with this setup:
994 pts (63 win/41 loss)
Let's see
edit 14:07: In The Netherlands we have a saying, something like 'Who doesn't appreciate the small, is not worth the large'. I couldn't agree more, a win is a win and not a loss