Doji Star Journal

Ogling Silver and Gold charts.Looks like no real direction established today even with good news coming out of the US. To have the three biggest news events over consecutive days points to a big one on Friday.It used to be that you'd have ADP a week before NFP and ISM somewhere inbetween. Wonder why they changed it so drastically. All that's missing is the FOMC Statement immediatelfy after NFP!
Wouldn't that be something!?

...and as I say that Silver leaps another 100 pips!

But still, no real signals or breakouts developing on my charts.

its killing me that i cant find a direction for silver.

i wanted to ask u
do u know any good websites for oil analysis and supply and demand numbers.....

basically sites all about oil.

I trade silver since it peaked at 21.XX and down to 16.60. Price has since bounced in an interval of 20 ticks from an all time low a couple times already. I wouldn't trade silver until get confirmation of a major trend. If not, silver is just going to continue to trade sideways just as it has in the past 30 days. Perhaps once it breaks 16.00 will there be a major breakout heading south.

exactly wat i saw in my chart today
its freaking depressing this US news

Long Silver @ 16880 with 2 lots.

doji bro

do u know any sites for oil only
the ones i found on google sucked

really bold move good luck
may i ask where is ur SL at

Yes,it is risky.I'm hoping to cash in on some short covering by the funds.Only looking for 40 pips here. New Silver futures for July just up and running would be responsible for this in the midst of big news week. They'll be positioning there shorts a little higher up I think.I'm prepared to go down to just below the broken upper trendline on this chart for my Stop Loss.
I don't really know of any decent oil websites you could get info on.Sorry.

Hmmm....underestimated the slippage on this one.Got a good spread of 35, but only at breakeven. Sucks big time...

Check out this story...
http://www.caycompass.com/cgi-bin/CF...cgi?ID=1030343
A sign of things to come?

Closed both lots first thing this morning for +75 pips each.

Looking for a more conventional trade or two today.

Silver looks ready to short. Big bearing engulfing candle developing on daily chart. Might look for early entry on 30min /1hr charts, BUT...ISM today and NFP might see that bearish maribozu 'change' into something else by the close of the day. Will tread cautiously.

Short Silver. Waiting for this 30 min candle close.1 lot only. Will wait and see if bearish engulfing candle is still in place in New York aftermarket to add more lots.
Short @ 16505.

Now, I know I was supposed to try and get one lot in early before today's candle close, but...I just couldn't resist the +150 pips that were on offer!! Mixed feelings now having just watched Silver plummet further down, but 150 is 150. Maybe if I had opened one or two lots more...
Also,bailed out before news, ISM can change price direction, news is just unpredictable these days.

Up +404 pips for this week. Very happy about this to say the least.

This journal is officially 40 trades old!
At the same time, however, I'm sad to say I'll be taking a brief leave of absence from the thread and from trading in general, due to the fact that my better half is in the UK for a few weeks on business and I'm alone with my 3 year-old in a foreign country playing stay-at-home dad while still working in the process!It's the busiest time of year at work as well! No wife to run interference while I spend time in front of the PC studying charts. Yesterday a colleague called me a house-'husband' when I had to pass up on a staff get-together to go home and cook and clean.
Anyways, in my experience, this (40 trades) is enough to draw certain conclusions as to a trading system or a trader's analysis.Yes, there were trades that were missed, trades that were closed too early and trades that were allowed to turn into BIG losers, but they were honest to goodness live-posted trades and i've learned exactly where my trading shortcomings are and this time off might help me overcome these.I mean,hey, the markets will always be there,right?
The results of those 40 trades are attached (on a spreadsheet).
+2243 pips profit in two and a half months.
It's been profitable and I'm glad I could share it with everybody. Like a fellow FF trader posted on another thread, Technical Analysis does work!

Incidentally,a colleague living nearby who is just testing the trading waters himself,and who's been present when I've posted a few trades on this journal, recently accused me of not posting all my trades here. I took it to mean that I was deliberately not posting losing trades live.After a few minutes of roaring laughter on my part, he eventually realised what he was saying and how ridiculous it sounds. Why in the world would I even enter a trade I knew would end up losing!?Then, to top it off, only post trades here I knew before-hand would end up winning!? If I had that supernatural ability I wouldn't have a day job!
No, these were ALL live, all real, all the time, only stopping short of giving everybody my live account details and passwords,etc.
Personally this journal has proven good for me,as I've learnt a helluva lot from my fellow traders who were kind enough to contribute to this thread.Made a good couple of trading friends too.
I just hope someone out there did take something out of it and subsequently added it to their own trading arsenal.

Until next time, I wish everyone many, many pips!
Doji Star

You have been a great influence on FF, hope you will be coming back. I think i will call you the Silver Master, because looking at your trades, it seems that your win ration on Silver trades is above 95%. Good luck man, let us know your progress

Are you still going to reveal your system?

Already? Huh. It's a shame you had leave so soon. I had so much to ask you. Guess it can't be helped. Thanks though anyway.

hey man thnx for all ur help
see u after the busy season

try and check on us from time to time
and good luck on ur chores

hope you be back soon,
I always appreciate your posts!

Dhalsim