NexusFi: Find Your Edge


Home Menu

 





GFIs1 1 DAX trade per day journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one GFIs1 with 4,774 posts (11,994 thanks)
    2. looks_two Symple with 89 posts (153 thanks)
    3. looks_3 ratfink with 83 posts (146 thanks)
    4. looks_4 CPRICE76 with 74 posts (30 thanks)
      Best Posters
    1. looks_one GFIs1 with 2.5 thanks per post
    2. looks_two choke35 with 2.5 thanks per post
    3. looks_3 ratfink with 1.8 thanks per post
    4. looks_4 Symple with 1.7 thanks per post
    1. trending_up 1,199,120 views
    2. thumb_up 13,730 thanks given
    3. group 263 followers
    1. forum 6,160 posts
    2. attach_file 436 attachments




 
Search this Thread

GFIs1 1 DAX trade per day journal

  #41 (permalink)
tradereight
Ohio
 
Posts: 8 since Nov 2009
Thanks Given: 0
Thanks Received: 1


GFIs1 View Post
Last day of february

Taking a DAX short here 09:30 @ 6938
exit for 14:30 (before US numbers)

GFIs1

is there any reason for taking a short trade 6970 seams to be
the next resistance level, on the other hand S&P is at the high of the
day so that could lead to an reversal...

at 9:55 we have important job numbers from germany
lets see how the market will go...

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Footprint for strategy Builder
NinjaTrader
Better Renko Gaps
The Elite Circle
MC PL editor upgrade
MultiCharts
Can I use Ehlers Periodogram as the lookback for another …
NinjaTrader
MC Advanced Simulated Trading.
MultiCharts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
ApexTraderFunding.com experience and review
27 thanks
System Performance Stats Comparison
13 thanks
GFIs1 1 DAX trade per day journal
10 thanks
Favorite High Probability Setup
9 thanks
Spoo-nalysis ES e-mini futures S&P 500
8 thanks
  #42 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,962 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,653


tradereight View Post
is there any reason for taking a short trade 6970 seams to be
the next resistance level, on the other hand S&P is at the high of the
day so that could lead to an reversal...

at 9:55 we have important job numbers from germany
lets see how the market will go...

Hi tradereight

Thanks for your input!
After the rally from the last days the battle for DAX 7000 seems to be a little early.
My short was because:
Following my Rules. :

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #43 (permalink)
TenCent
Chonburi
 
Posts: 9 since Feb 2012
Thanks Given: 0
Thanks Received: 0


hi

I am short in the Dax too

my SL is 6963

what SL do you have?

thanks for sharing

Reply With Quote
  #44 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,962 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,653

Hi TenCent

My SL is 30 points for this day - means 6968.
As the previous high was 6975 - a SL @ 6978 might be appropriate.
Though I think the SL is not the theme today.
Precision for this statement: Price will not build a double top
here because the the next higher levels are in the view...
7K+
Much more looking
for a nice exit.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #45 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,962 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,653

strange enough - even my SL price level was touched
the SL was not filled

Looking forward :-)

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #46 (permalink)
tradereight
Ohio
 
Posts: 8 since Nov 2009
Thanks Given: 0
Thanks Received: 1

just exited my long trade at 6970 resistance level

maybe soon we get a short setup, but we should have
longer up trends today as it is the last day of the month (window dressing)

Reply With Quote
  #47 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,962 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,653

2 cents:

1) The bulls may come with the US numbers after 14:30h.
2) We note an Up-gap today which is still not closed..

which leads me to be cautious with longs before US numbers mentioned

GFIs1

***looking for 6865 (VWAP yesterday)***

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #48 (permalink)
tradereight
Ohio
 
Posts: 8 since Nov 2009
Thanks Given: 0
Thanks Received: 1


GFIs1 View Post
2 cents:

1) The bulls may come with the US numbers after 14:30h.
2) We note an Up-gap today which is still not closed..

which leads me to be cautious with longs before US numbers mentioned

GFIs1

***looking for 6865 (VWAP yesterday)***

I agree with you, a good correction down to VWAP level would be perfect for us daytraders :-)
at the end of the day for the dax index it will still be a positive day if we close above 6890 on,
i am now also short (now that VWAP line on 1 min chart clearly points south I used the rally to enter
short at 6933)

congratulation to your 30 points :-) but as said entering after news releases might give you a better risk reward factor ...

Reply With Quote
  #49 (permalink)
TenCent
Chonburi
 
Posts: 9 since Feb 2012
Thanks Given: 0
Thanks Received: 0

hi

thanks a lot for sharing your views about the Dax

also my Congratulations for your winning Points

I was away from my PC - and just see now, my SL was hit

Reply With Quote
  #50 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,962 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,653


To be honest - I have a rule for the last day in the month which does not include german numbers in any case.
As I am here only doing 1 trade for the day it is not allowed to invert a trade intraday. This is why my entry is in the morning with a high probability for a triggered direction and to follow that trade to close it before US trading is starting.
Congrats for your day high long which worked fine.

GFIs1

Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on May 17, 2024


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts