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GFIs1 1 DAX trade per day journal


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GFIs1 1 DAX trade per day journal

  #5721 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
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Trading: forget about it
Posts: 6,960 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,649

Thursday trade

DAX long 9:00 to 17:30
entry @ 15894
exit @ 15992
result + 98 points

GFIs1

edit 9:43 - 16k line just had been killed again...
edit 15:48 - second attempt today to kill the 16k line after good US numbers

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  #5722 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
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Posts: 6,960 since Feb 2012
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Friday


Asia 4:2 red again: Top NIKK + 0,84 - Flop Shanghai -1,19%

Gold down to @ 1914

Numbers: US Producer price Index 14:30
Speeches: none

DAX pre cash 7:30 15945
Battle right @ the 16k line -> continuation

Today a ?? bias

GFIs1

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  #5723 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
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Posts: 6,960 since Feb 2012
Thanks Given: 6,196
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Friday trade

DAX short 9:30 to 16:30
entry @ 15950
exit @ 15839 - got out 15:35 (not time to let play it out) then away from keyboard
result + 111 points

GFIs1

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  #5724 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,960 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,649

Week 32 result

This week had 5 trades

Two negative: - 30 - 36 points

Two positive: + 16 + 98 + 111 points

Weekly result: + 158 points
Yearly result 3204 + 158 = 3362 points

GFIs1

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  #5725 (permalink)
 Deetee 
Amsterdam, The Netherlands
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Platform: NinjaTrader / IB /Rithmic
Broker: EdgeClear / InteractiveBrokers / Rithmic
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Hi @GFIs1,
It seems that you give more importance to the 16000 batlle on the L&S than on the FDAX. Is that correct, and if so, why?
Thank you,
Deetee

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  #5726 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
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Trading: forget about it
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Deetee View Post
Hi @GFIs1,
It seems that you give more importance to the 16000 batlle on the L&S than on the FDAX. Is that correct, and if so, why?
Thank you,
Deetee

Thanks @Deetee: Since spring we see the DAX moving around the bigger levels like 15k and 16k. So German economists and DAX specialists tell that those lines are magnetic and price is erratic often around those lines. Even weeks later such 'killing of the line' as I use to say in my preparation posts are often to see.
In fact those lines are once the resisting part in another time a support point.
As we have seen in the last few months - a 'battle' was a fact.
Looking at yesterday's DAX we have seen in the morning a DAX that came near to the 16k resistance - but failed. From there the price was going down all day long.
I am aware that in the region of New all time highs trading is more complicated. As there is no reference with the past and bull versus bear is not easy to describe.

GFIs1

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  #5727 (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: 2,843
Thanks Received: 788


GFIs1 View Post
Thanks @Deetee: Since spring we see the DAX moving around the bigger levels like 15k and 16k. So German economists and DAX specialists tell that those lines are magnetic and price is erratic often around those lines. Even weeks later such 'killing of the line' as I use to say in my preparation posts are often to see.
In fact those lines are once the resisting part in another time a support point.
As we have seen in the last few months - a 'battle' was a fact.
Looking at yesterday's DAX we have seen in the morning a DAX that came near to the 16k resistance - but failed. From there the price was going down all day long.
I am aware that in the region of New all time highs trading is more complicated. As there is no reference with the past and bull versus bear is not easy to describe.

GFIs1

Good day GFIs1,
Thank you for explaining. I'm aware of these bigger levels.

About a month ago, the L&S was trading ~100 points below FDAX.
So then, when L&S price is ie. 15950, FDAX is 16050.
Do you then consider the 16k level for L&S or FDAX. I mean, which one is more important for your trading?

Have a good Sunday
Deetee

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  #5728 (permalink)
 GFIs1 
who cares
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Monday

Asia all deep red! Top none - Flop Hang Seng -2.38%

Gold down to @ 1913

Numbers: none
Speeches: none

DAX pre cash 7:30 15776

Today a red bias

GFIs1

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  #5729 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
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Posts: 6,960 since Feb 2012
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Thanks Received: 15,649

Monday trade

DAX short 10:30 to 13:00
entry @ 15844
exit @ 15844 (stopped out on entry)
result 0 points

GFIs1

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  #5730 (permalink)
 GFIs1 
who cares
Legendary Market Wizard
 
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,960 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,649


Tuesday

Asia 4 green 2 red! Top NIKK + 08.8% - Flop Hang Seng - 0.8% low vola!

Gold down to @ 1907

Numbers: EU & Employment Change 8:00, US Controlling Retail 14:30, ZEW Economic Sentiment 11:00
Speeches: FOMC member Kashkari speech 17:00

DAX pre cash 7:30 15950 - starts with a gap up...

Today a short bias

GFIs1

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