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The question about trading time of this system here versus to the original GFIs1 one Dax:
Here it is a basic pattern finding. That can be traded throughout the full time the future is
traded: from 08:00 to 22:15.
One example is some posts up - where I announced one trade realtime.
Of course in the parent thread the trading hours are strictly cash hours and will not change.
But be aware - as I am not prolonging here screen time too much - there will be situations
I do not follow and therefore might miss a opportunity.
As you know how to dance it yourself (counting 1 - 2 - 3 - 4) it will be easy though
@GFIs1,
I really enjoy following your other journal and this new one for those "other days" looks like a good start! It looks like a good way to profit from those crazy zig-zag days. Thank you for this new journal and I look forward to seeing the results!
Finally some real candles in red showed up:
Entry short 12:30 @ 9488
Exit 13:30 stopped out - 15 points
Entry long 13:30
Exit 14:30
Tight stop on the first short (15 points)
GFIs1
JohnS
Bamberg, Germany
Market Wizard
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
Posts: 567 since Oct 2014
Thanks Given: 15,200
Thanks Received: 2,609
@GFIs1,
Am I missing something with the strategy? it is not volatile today before the FOMC news at 2000 or CPI report at 1430, which doesn't mean that I did not trade .
GFIs1
who cares
Legendary Market Wizard
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,939 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,609
The 2 previous days were too volatile to trade a normal wednesday Dax trade today.
So I am looking for jumping in into some slipping moves.
Today FED 20:15h, Friday a magnet on 9600 area (for CFDs et al)
We might see some some "strange" jumps.
But of course the volume is not to compare with the 3 previous days.
One more: strategy (and stops) still under construction
GFIs1
to let all followers know
that the trades
are not
a trading
recommendation
JohnS
Bamberg, Germany
Market Wizard
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
Posts: 567 since Oct 2014
Thanks Given: 15,200
Thanks Received: 2,609
@GFIs1,
I want to make sure that I did not give the wrong impression, I was trading my own plan this morning and not following yours. I create my own trade recommendations . Perhaps I should have provided more detail in my posting. I was just curious over the entry on a morning of low volatility because I thought the strategy was for high volatility. But you have now answered my question. I am interested to see how this story develops!
Good Trades!
JohnS
GFIs1
who cares
Legendary Market Wizard
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,939 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,609
Thanks @JohnS
Your input is great - I was only telling some thread readers that this "Walzer adventure" is still not ripe to
just jump in. It will be very interesting to where it leads though.