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Deetee’s DAX Trading Journal (time based)


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Deetee’s DAX Trading Journal (time based)

  #391 (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: 2,825
Thanks Received: 788

Wednesday

FDAX

Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short (116pts)

The 9:30-12:30 trade gave much more points, but I’m sticking with the highest win %.

DAX short (paper) trade
Entry 10:30
Exit 12:30
SL 67 pts (very high with current ATR)
Result -67 pts (SL)

Historical results with this setup:
SumR 151,5 (19 trades/win% 84.2%)

So, SumR translates to a relative (to current FDAX price) result of X points per trade (SumR/No of trades/10000*9am open price).

Let’s see



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  #392 (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: 2,825
Thanks Received: 788

Thursday

FDAX

Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: long

Not looking good for a trade

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  #393 (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: 2,825
Thanks Received: 788


Friday

FDAX

Gap: up gap
Gap closed during IB: no
Position price at 9:30: above prior day HL
IB direction: short

Not looking good for a trade


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  #394 (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: 2,825
Thanks Received: 788

Monday

FDAX

Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short

Not many historical occurrences and no good results




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  #395 (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: 2,825
Thanks Received: 788

Tuesday

I couldn't make it this morning, but with the not closed up gap it didn't give a good trade.

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  #396 (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: 2,825
Thanks Received: 788

Wednesday

FDAX

Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: short

Results on the edge, but both long and short trades in overlapping times means of course no trade



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  #397 (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: 2,825
Thanks Received: 788

Thursday

FDAX

Gap: down gap
Gap closed during IB: yes
Position price at 9:30: below prior day HL
IB direction: short

The small down gap is closed, and price at 9:30 is below prior day HL. I’m not sure what to look at, so no trade.

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  #398 (permalink)
 Miesto 
Monte Carlo, Monaco
Legendary Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: NinjaTrader Brokerage
Trading: Futures
Posts: 647 since May 2012
Thanks Given: 801
Thanks Received: 1,193

Hi Deetee, why not look at some more non-correlated markets - like 6E, GC, CL, FGBL - so you will have a higher probability of at least one trade per day? Or, if you just want to trade the FDAX, add another setup (like for example fading a breakout instead of trading an IB breakout)?

-Michel

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  #399 (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: 2,825
Thanks Received: 788

Friday

FDAX

Gap: no gap
Gap closed during IB: x
Position price at 9:30: inside prior day HL
IB direction: long


DAX short (paper) trade
Entry 10:00
Exit 12:30
SL 59 pts (very high with current ATR)
Result 32 pts

Historical results with this setup:
SumR 346 (18 trades/win% 72.2%)

So, SumR translates to a relative (to current FDAX price) result of X points per trade (SumR/No of trades/10000*9am open price).

Let’s see



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  #400 (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: 2,825
Thanks Received: 788



Mich62 View Post
Hi Deetee, why not look at some more non-correlated markets - like 6E, GC, CL, FGBL - so you will have a higher probability of at least one trade per day? Or, if you just want to trade the FDAX, add another setup (like for example fading a breakout instead of trading an IB breakout)?

-Michel

Hi Michel,

Thanks for your suggestions.
I just decided to trade the DAX because of the trading hours fit me well, but more important, @GFIs1 system was based on the DAX.
I started looking at NQ/ES some time ago, but that didn't give much.
The tool we created is based on the first bar RTH. Changing that to look at breakouts would be difficult. However, I can add data of any ticker to the tool. In general it just looks at prior day and the day before (open-close), and then the IB (30m).

For my understanding, why would these non-correlated markets give more trading options?

Dennis

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