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)
Thanks for your post.
And thanks for being active in the thread.
1) The rule set: is a ONE sheet of Excel with a lot of subsequent conditional rules, sub rules and more
Which is not easy to read or to combine. It is made for every weekday.
Basic is the DAX cash hour (including what happened before start 9:00) There are points when the
price starts with a gap -> gap rule. Or others - see next:
2) Are there holidays ahead/past? / Is a weekend in between?
3) Specials for Wednesday and Friday - as you can see easily from my trades plus comments
4) Is price in Kumo (Ichimoku) or not?
5) How strong is initial real trade 9:00 to 9:30 in points. If IB is strong, a Walzer might be the tool.
6) Do we have a battle @ a resistance/support zone? Mostly on the 'k-line' or on strong used trading
levels that came often into play
7) Are we right before important interest numbers? Or right after? Don't trade the announcement's.
Not finished here....
Why is the system working since 2012 until today even the market(s) were very different over the years?
It is about PROBABILITY of how a market reacts. Reading the possibility for the direction, entry time and exit time.
Just be aware that every INSTRUMENT has different behavior!
So I don't have a system for every instrument yet (AI might help)
I JUST trade the DAX - and the DAX - nothing else...
As you can guess - My 1 rule sheet in Excel can not be spread here -
It is worth some Million(s) - even hasn't changed much since the beginning
How to proceed without having losses?
Look at the strong days/months. Don't trade the DAX over summer months as the volume is too bad.
Omit trades before big number announcements. Price is often jumping to kill every stop(s) on the road.
Being a long time poster on THIS International Trading Platform with more than one live thread with different patterns to be traded - all for free! - I am standing now with severe questions:
1) Shall I change to the paid platform (from the same provider) to make money with my trading?
or
2) Shall I resist the probable good surplus income while trading live as always?
If you think of NexusFi as a library full of trading-related books, each with many chapters and pages, then you can think of Markets Chat as being hyper-focused on the real-time trading aspect of the business. NexusFi is better suited for …
The price shift speaks of $99/month and inscription per follower or up to the double... (WOW!)
If I want to make money with my posts on markets.chat or other so called 'Rooms' - I will have to QUIT this FORUM...
Why should the same content (live trading) be once for free and suddenly being paid?
Both seems impossible - yes?
Please send me HERE your ideas and a reason how to proceed.
Thanks in advance for your input - feel free to write positive or negative.
The quality of your trades and support = YES from me. Could you look at a copy trading and charge for subscribers? But remember, you could also be selling some of your freedoms.
Kindly proceed as you do. I guess many here enjoy the way you present your ideas and trades the way you work them in your daily live.
In my opinion it is not only your trades by itself, as I for example do not trade the DAX, which makes this thread.
I think it is also an inspiration to many to see that pure future trading really can and does work with the wright attitudes and ideas.
One other point is surely the following: The thread has worked very well in the past the way it was presented. So why change the way it was? (Remember how you felt when the forum was changed the way it was and now is)
Good morning @GFIs1
Thanks for all your posts and input.
As you know I have been trying to make money on your posts. At first it looked like easy money to me. But it's not that easy to get your results.
There are some problems that make it difficult (or impossible) to have the same results as you make. IMO the problems with copying your trades are:
* Late posting. For instance, by the time you post your trade it's already many points in profit. Or you exit a trade ie. on break-even or with a small stoploss, while I see my loss increasing.
* Unknown stoploss. Either I take my loss at ie. 35 or 40 points (SL), while your SL is bigger and your trade is winning in the end. Or I have a large SL, while you have a 30 points SL. I will only know after you posted the exit of your trade, resulting in losses for me many times.
In the past years, I didn't make much money by copying your trades. For sure it didn't pay for my time. Not only because of the above 2 items, but also because of my monkey brain
I would be happy to pay the monthly fee, but without a solution for the late postings and SL, I doubt I can make good money.
How do you see it? Would it be like live trading and providing more input upfront or would you continue your journal in Market Chats in a similar way?
Anyway, it seems like quite a commitment.
The reason I've decided to trade the DAX is heavily influenced by my timezone here in New Zealand. I recently stumbled upon your thread while researching DAX trading, and it piqued my interest. When you post a trade entry, I try to align it with my own analysis and trading systems to see if there's any confluence. It's not just about enjoying a good free signal; I'm here to delve into the emotions and intricacies that drive the DAX and enhance my trading skills. Whenever I find something positive, I incorporate it into my strategy.
I'm not a follower by nature—I prefer to chart my own course. But that doesn't mean I don't value your insights. On the contrary, I greatly appreciate your knowledge and the depth it adds to my understanding.
While MarketChat is a good idea, I wonder what your 'market size' would in the Euro/London Open time period. How many people are active at that time of day, or a little later. I can understand the US-RTH session being busy with people, but there seems relatively few people earlier in the day to follow the Chat. I haven't even signed onto the beta trial just for that reason...
You have some arguments that I fully understand and can support.
First - my thread here is just a JOURNAL of my own... not a proposal for free.
As I do have a lot of other things running through the day - there might be 'holes' in the following of the markets.
Second - SL settings had been changed due to the strong movements recently in the markets.
Trading in my opinion is to pick the best setting and not get out when a so called stop Loss (SL) would have killed the trade with negative points - while the price gets in the foreseen direction.
Third: I am trading - as everyone can see in my charts - with Lang & Schwarz (L&S in Germany). That is a possibility to see the pre cash and the after cash hours - which can be traded if wanted. The volatility is stronger than the DAX itself - making a point to 'second' above... As I assume you are with another broker - so winners and losers might differ to the numbers seeing here.
Fourth: see my input of this morning of a REAL IFO day from 7:09 this morning: I said (in much advance) that I will take the trade from 10:30. Direction will be the candle of 10:00 to 10:30 - as shown here many times in this thread. So nothing new for a longtime reader. As I can't see into the future - my rule counts (with normal SL) - and we will have the outcome....
Thanks for your solid input and I wish you good results in your trading.
