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This system with 3 daily trades per week was up and down with not much gains for the year.
The previous 3 last years were all around 1000 points at the end of the year. Links to the gains you can find in the first post of this thread.
Fact is that we are in the US election year and that changes market behaviour very much. Especially for systems
with given rules it does not work the same.
I guess that this will get to normal now again.
FOR ALL that are not familiar with my DAX journal - PLEASE READ that one before you ask here.
As the rules in mentioned GFIs1 thread are not allowing a trade on all days - especially in high volatility phases -
I was searching …
was performing very well in the first 6 months. After that the Dax was slowing down in spikes and no Walzer came up.
But I am sure to see after normality is back that the Walzer has good performance again without changing anything.
Walzer had the last trade in August.
Points up during the year (one contract): 739
I will post my results of the year on both systems after christmas in the repective threads.
...no Friday trade.
The good ECB gave a range of 204 points today in the Dax during cash hours.
That prevents from taking a normal trade tomorrow.
Might be to see a Walzer trade after the long pause during US elections.
I'm a newby to this forum . I like your rules based disciplined approach to 1 DAX trade per day. Couple questions... (1) how does your more macro view of expected DAX movements (eg 12k levels) impact your trade decisions which looks pretty rules based and determined on the day of trade to me (eg it's based on the IB balance + prior days range + holidays/triple witch etc.) and (2) you took 2 trades on the 7th (1st for -40 and 2nd for +10)...what prompted the 2nd trade as i thought there was only 1 per day?
Hi Canozy
Thanks for following!
To 1) The rules are not including the price level of the Dax. They are as you mention right the weekday and the behaviour of
previous days as well as the upcoming holidays, long weekends, etc.
Being clear - the rules were not changed in last year. But there are conflicting rules as there are some rules overlapping.
The priority leads to your question
2) Why 2 trades on the same day?
There were 2 different rules for the Wednesday: First there was a eminent up gap. That gave the
first trade. The normal trade for Wednesday taking out the gap - would have given the trade 2. So after the first trade
went directly into the stop - it made sense to apply the normal Wednesday rule. Which gave at least some points back.
And I had the time to do so.
Hi Canozy
Thanks for following!
To 1) The rules are not considering the price level of the Dax. They look as you mention right for the weekday and the behaviour of
previous days as well as the upcoming holidays, long weekends, etc.
Being clear - the rules were not changed in last year. But there are conflicting rules as there are some rules overlapping.
The priority leads to your question
2) Why 2 trades on the same day?
There were 2 different rules for the Wednesday: First there was a eminent up gap. That gave the
first trade. The normal trade for Wednesday taking out the gap - would have given the trade 2. So after the first trade
went directly into the stop - it made sense to apply the normal Wednesday rule. Which gave at least some points back.
And I had the time to do so.