harry737 

Totally agree, have been a long time follower of your thread, and with US and Europe having different strengths in the economy. I wonder if you ever ran the comparison of PNL for 1pm, and Europe close 5/4:30pm. Just going through some of your old posts

well thanks for your input - yes! that is a new homework... I put it on my list.
for that I have no time right now - so I am most happy to have some working rules (since 2012) that help me to decide quick and dirty.

GFIs1

We have to look quite back in this journal to find the best trade with the GFIs1 system and this journal.
It goes back to 2014 where we find the best trade: Wednesday 15th October gave 193 points. The week ended then with the best result in the journal with a total of 291 points.

Today's trade with 298 points is now the new record for one day here. For the weekly result we need to wait until end of week.

GFIs1

Dax short 9:30 to 12:00

entry @ 12024
exit @ 12054 (SL)
result -30 points

GFIs1

where has the title gone????

well here is a new one...

FRIDAY TRADE

DAX short 9:30 to 13:30

entry @ 11684
exit @ 11525
result 159 points

GFIs1

heading to 11312 eventually (maybe not within this trade )

looking back: a strong gap down is visible. Would have needed to get back to 11844 to close it which was not done as we had a high of the IB (9:00 to 9:30 of 11695) which is far away from the low of yesterday.

edit 10:26 - about the stops: the SL limit of 30 points is a farce when already IB (9:00 to 9:30) reached 97 points. Thus my today SL is 50 points which suits better on volatile days with 300+ points moves.

TITLES???
If I want to put another "Reply to Thread" (button) there is no longer a field for the titles.
Seems that Corona took over or it is the start of a new "Black Friday"

Well - those things happen in our new world without announcements...

GFIs1

EDIT: if I press edit of my reply after having put in my last reply then a TITLE field comes up!
Upside down world - hehe...

SWISS big Banks today

This morning prices of share of both Swiss banks UBS and Credit Suisse fell both lower than CHF 10.-
Which is the lowest ever for both together in the markets. All caused by uncertainties given by
actual Corona virus scenario.

Also the US government bonds have a new low of the interest rate with 0.81% at the
moment.

Be alerted: stay @ the sidelines if such volatility is too much for your trading strategy.

Good trades
GFIs1

GFIs1 

where has the title gone???? well here is a new one... FRIDAY TRADE DAX short 9:30 to 13:30 entry @ 11684 exit @ result GFIs1 heading to 11312 eventually (maybe not within this trade ) looking back: a strong gap down is visible. Would have needed to get back to 11844 to close it which was not done as we had a high of the IB (9:00 to 9:30 of 11695) which is far away from the low of yesterday. edit 10:26 - about the stops: the SL limit of 30 points is a farce when already IB (9:00 to 9:30) reached 97 points. Thus my today SL is 50 points which suits better on volatile days with 300+ points moves.

Early Edit 3:41am, hopefully getting in from a good night out. Ok forgot US times

harry737 

Early Edit 3:41am, hopefully getting in from a good night out. Ok forgot US times

well good morning harry - this will be a volatile Friday - even for you!
Good trades

GFIs1

yep huge vola + NFP day = fun or pain

tr8er 

yep huge vola + NFP day = fun or pain

You are right in some way - BUT - the vola is before US markets opened...
And the trade here will be stopped long before NFP will show muscles (if any).
The vola is because the markets are right under Corona control aka Cc which
shakes the companies to the bone.
Example: Lufthansa the biggest airline in central Europe has halted every 5th
airplane right now because of the low frequency today (what will be next 2 months?).
As we can see in Europe - so many large expositions (like car fairs, expo's for travel,
large sports events) had been canceled or postponed. These are facts and some
effects on the involved companies where no insurance is at stake will make even
large companies facing chapter 11 or have very negative numbers for 2020.
Even in the USA the shows for new gadgets (Apple et al) are not coming up as
planned - thus THE economy is slowing down. Reality! Some business like
worldwide cruises are on the way to evaporate.

To be clear: the virus has just started in western countries and is on the upside
concerning the effects on every production or service.
Please understand - I am not at all making troubles here - instead as we can read
out of the futures market(s) we have to face the reality. Or at least some of...
The markets are not only a pressure because of the virus but even more because of
false signals with ATH's in all indices which now show to have been a false flag!

As traders we just need to make the most of given signals.
That is the only base for survival.

Good trades
GFIs1