Results

This week I had 1 trade in this journal, 5 points profit.

Total results for this journal:

Monday

DAX opened with an up gap, which didn’t close before 9:30. The IB is short.
The system doesn’t give good trades. Also not, if the gap would close.

So, no trade today.

Tuesday

DAX opened with a down gap, which closed during IB. Combined with a short IB, only 5 historical trades remain with 80% win.

So, no trade

Wednesday

Yesterday extreme values for HL and OC.
IB is long.

I can’t decide what to trade.
The old system is giving a long trade 1000-1100, but this is not based on yesterday’s extreme values.
The new system is based on the extreme values and gives a long trade 1130-1330, but it’s hardly good enough.

Even though this is not really part of the decision-making process, I feel like watching 930-1000 to see if price pulls back, which might be a good start position for the 1000 trade.
I’m already thinking: how much pullback is good enough? And what if price pulls back, but is on the way up already for X minutes or points? And or …?
This kind of mental crap is not good to trade.

The hard rules for the new system are slowly getting shape, but I haven’t looked yet into handling extreme days, which is not happening as often, so has less priority.

So, again no trade. It’s ok.

Thursday

Last day of the month.
Up gap that was closed during IB.
IB HL is 111 pts and is short.

I can’t base a trade on these filters; too few occurrences.

I would need to release some of these filters (which ones come first??), and then, when trying, I see different outcomes.

So, again no trade.

912turbo 

Guys sorry to be off topic but what's the best broker for Eurex.. I am using Tradovate but the spreads are ridiculous.. FYI I am looking for a broker that also allows afterhours trading starting at 8pm EST.. Most brokers allow 2am EST only..

Please put your question in the appropriate thread:

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GFIs1

Friday

First day of the month. Large down gap that was not closed during IB. IB HL >140pts, and is long (after dip to 14962).

This gives me 5 historical occurrences, 4 winners (Long trade 10:30-12:00 with small SL). Not good for a trade.

Not sure where I put the limit for ‘a good trade’. But 5 trades with 4 winners is for sure not good enough.
I would like to come up with an 'indicator' (just a number) which tells me what the best trade is, in case there are several similar options to choose from.
Based on No. of historical trades, win%, pts/trade, SL and maybe length of the trade.

Results

This week I had 0 trades in this journal.

This week there were some extreme days, last day and first day of the month. Difficult.

And because I'm in between systems, it makes it hard to pick a trade. I hope to have the re-newed system up and running asap.
The new tool is operational. |Having the system ready is depending on setting the rules, which comes with a lot of manual testing.

Have a good weekend

GFIs1 

Please put your question in the appropriate thread:

Moved post to its own thread, for visibility:

Best broker for Eurex? Guys sorry to be off topic but what's the best broker for Eurex.. I am using Tradovate but the spreads are ridiculous.. FYI I am looking for a broker that also allows afterhours trading starting at 8pm EST.. Most brokers allow 2am EST only..

Bob.

Monday

No gap this morning, IB short, prior day green and the day before red.

No good trades from either of the systems, so that's at least consistent