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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

  #5361 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Monday trade

DAX short 9:30 to 16:30
entry @ 15359
exit @ 15304
result + 55 points

GFIs1

edit 12:32 - a TP sits @ 15160 (maybe not for today)

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  #5362 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Tuesday

Asia mostly red, 2 indexes thin green. Not much volatility

DAX pre cash 7:30 @ 15350

Some important numbers US 14:30

Speeches: FED Powell 18:40

Outlook for the DAX: not much volatility too

GFIs1

@ the sidelines: The National Bank of GB announced yesterday a new e-Pound (crypto) with 0 interest

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  #5363 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621


Tuesday trade

DAX short 9:00 to 13:30
entry @ 15358
exit @ 15334
result + 24 points

GFIs1

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  #5364 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Wednesday - State of the Union USA

Asia mixed - not much vola
USA lengthy speech (1:20) from US president 2:00 European time this morning: watched the full presentation! Looks like USA will do more in the country for the people.

DAX pre cash with gap up to yesterday. Waiting for the confirmation @ 9:00 as this will give the base of the rule for the trade

Interest rates will be pushed up in several countries quickly - be aware

GFIs1

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  #5365 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Wednesday trade

DAX with gap up on entry. Gap was closed on IB.
Thus a new scenario:

DAX short 11:30 to 15:30
entry @ 15449
exit @ 15431
result + 18 points

GFIs1

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  #5366 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Thursday

Asia mixed - a bit more vola on the green side

DAX pre cash with gap up near 15500

Numbers: none of importance during cash hours
Speeches: dito

GFIs1

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  #5367 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Thursday trade

After a burst up in the first 30m I will take the trade upon the rules:

DAX short 10:00 to 13:30
entry @ 15576
exit @ 15606 (SL)
result -30 points

GFIs1

did not workk this time

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  #5368 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,945 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,621

Friday trade

After a new high yesterday a trade will be taken:

DAX short 9:00 to 16:30
entry @ 15412
exit @ 15328
result + 84 points

GFIs1

edit 17:38 - back at the keyboard :-D - the trade worked like a charm

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  #5369 (permalink)
 Deetee 
Amsterdam, The Netherlands
Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
Trading: DAX / (M)NQ / (M)ES
Frequency: Daily
Duration: Hours
Posts: 631 since Jul 2019
Thanks Given: 2,828
Thanks Received: 788

Bravo!!!
Wish I had your skills

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  #5370 (permalink)
 
rezak's Avatar
 rezak 
Genova.Italy
 
Experience: Intermediate
Platform: TradingView
Broker: retail prop firms
Trading: setups
Posts: 298 since Mar 2021
Thanks Given: 187
Thanks Received: 182


Indeed. I think that this is the most viable and profitable long-term day trading strategy that has ever been described on this forum.

Everybody has a different approach, but in the end, it sums up to not trying to trade during the day in and out multiple times, just one high probability trade and just holding till it doesn't look so good or holding to the close.

I'm trying to evolve to this, after many unsuccessful attempts with multiple in and out trades during the day.

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Last Updated on April 29, 2024


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