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)
..have to go slowly now. Last year the 300 was knocked first in week 9 but some
crawling back made the "steep" up very weak.
Only from week 14 it went from 265 straight to 444.
Trading now day to day - as they say in tennis: every ball counts!
Does that mean you could be tempted to place a trade tmmrw? ( Thurs) hahaha.Or do the rules still apply?.Hence the old addage " Slowly slowly catchy the monkey" etc...
Hi there I'm a new member to this site but have been following the DAX for a couple of years. I'm interested in the stats behind the moves, for example when drops over 250 points what is the average rebound value; how often does the DAX fill the gap and strange out of hours spikes.
Has anyone else researched these trends?
GFIs I like your thread but can't find any updated twitter trade logs? Do you post live trades or only when the results are in, it would be useful if you could post live trades!
My patterns only tell me to do not trade for one day when 150p range was yesterday - and two days if yesterday's
range was 250 points.. I have no statistics about the rebounds - as they are not of interest in my view.
But as seen the last week - these two rules held - and the system made positive gains and omitted losses on these
"difficult days" after some bigger move.
1) I dropped twitter - as I am doing all here and with more details on futures.io (formerly BMT)
2) There is no time to read the chart in the morning, analize, posting on twitter, writing on futures.io (formerly BMT) AND take the trade on different accounts - at THE SAME time...
3) I am posting all my trades in advance here on futures.io (formerly BMT) - you just need to be here around 09:30 when I post decisions.
Then after the first post - I am adding the entry price and the exit price. To end it (as when the SL was not hit) I am
adding my end price and the result. This is ALL in ONE POST - to avoid extra posting for every detail. As for it - the readers that are reading once per week it is much more convenient to see a trading day with details in one post.
As my regular readers may support this - my announcing is always with entry time and exit time - and most of the time I am
giving out a stop setting according to the condition at time.
Hope this helps!
GFIs1
PS: I think I am here still the only poster in the forum (not the chat) to give ALL details of a trade in advance
You mention your system (rules such as 150 and 250 point drops) do you have these documented anywhere I would love to help you expand on these? Have you ever considered setting up your own DAX forum?
Read carefully the 117 pages of the thread - some minor changes occured to the trading rules - especially SL settings
over time and to trop Tuesday and Thursday trades as they did not add a big result.
The discussion here in the thread is about details - which might be different for every trader of course.
However the main and core rules are quite complicated and are based on a lot of things to check
to get the according entry and exit times on a given day.
So my whole system is not documented here - as it would throw most of the readers out of the race as they
do not have the necessary data at hand.
At last - I am giving all my advice here for free since more than two years and had never got a penny back
After having made enough to quit trading - I will first visit Mike in Equador for a COLD BEAR, thanks etc.
and then move on further to retire on Mauritius...
No need for more forums..
Interesting bit of research I've been looking into on the DAX. If you want to gain 5 pips per day you can trade the gap on the DAX.
At open set a trade with a view of closing the gap from the previous session (we aren't looking for the full gap to be closed just a 5 pip profit); If DAX gaps up at open short with a 5 pip target, if DAX gaps down at open long with a 5 pip target.
Factors to look out for:
1. If Asia has dropped more than +0.4% and DAX gaps down sit on the side line
2. If Asia had risen more than +0.4% and DAX gaps up sit on the side line
If any one is interested I have historic data and back tests.