Damonl's Daily Trade Picks

Here is tonights trading updates.....enjoy

Here is the updated spreadsheet that I will be entering on Sunday evening.

What will I do if a gap opens up? I don't know, it is not Sunday night yet.

I should be able to give you a revised version after the close of the Sunday bar.

I am so excited that I have off a whole week from work that is not over a holiday....time to put everything to the test so everyday will be a holiday ...no time like the present.

Happy week off work :nerd:

Currently I have closed more that 24,000 pips since 12/01/08 and have a current open balance of over 10,00 pips for this daily strategy.

One thing to note is that I accidentally closed my GbpUsd trades prematuraly, but have counted them in my calculation just as I would a loss that I entered badly...sometimes you win and sometimes you lose.....but from here on out it is all win for me...keep up if you can and have a great weekend!!!

Here is my trades update for this evening.....

Here is my trades updates for tonight. Curently we are up just over 23,000 pips that are closed and have open trades that = over 15,000 pips in profit....We are hoping for a nice continuation pattern run for today.



Enjoy......

Here is my updated trades for this evening...curretnly we are almost 260% in profit since Dec. 1st with just over 150% in profit for our open trades....

Range could come in at anytime, but there is now way to lose nearly even close to what we have already gained....

Enjoy.....

I found an exit error for eurjpy which has now been corrected.....

I like your use the best of all styles idea. That’s how I think most investors/traders should think.

When it comes to forex I’m not a long term trader by any means but I own a successful businesses and there is a different type of mind set than with those that are in the old job. we have to adapt to our inviroment to survive



I'm not intrested in intratrade but whats the hate toward scalping. my theory is the world always changes and the market changes its mind about how it wants to act and react. kinda fits my theory about EA's. there will never be a single EA that you just turn on walk away and pull money out monthly. maybe for a while it could work then market changes its mind and doesn't want to play by the EAs rules.


not really saying much but giving props to you point of view.
and i'm new here and you have the best posts i have found.

It is really personal.....my goal is to not be able to work from home by sitting in front of my computer all day. Plus, day trading is much harder to master on top of all the time it takes to do it. If a day trading system is that good, then it is worth paying someone to make an EA. It's a choice of digging 10 post holes by hand or hiring a machine to do it for you.....I will chose the machine every time..

Lots of people like day trading, but I would rather make my trades for a few hours at night and let them go, plus my end of day trades produce far more profits than any other day trading strategy ever could......

Here is my updated trades and trade analysis for today.

Currently since Dec 1st 2008, I have closed more than 290% profit and currently have open over 200% more in profits....I'd love to see this trend continue for another day or two for the weekend,. but alas, I cannot predict what the market will do next...Just putting my trades out there, doing the best i can and preparing for the unexpected....

Enjoy

Here is my updated spreadsheet reguarding tonights trading plan....

Here is my updated spreadsheet for new trades and adjustments to trades that I will be entering at Sunday night's open.

Enjoy!

Here is my update based on the Sunday Bar. Most times there are not many orders to place on this bar, however I like to use it as a place to adjust my stops.

I didn't get right around to it this evening, but wanted to watch the football games. That is one nice thing about trading the daily charts...they are much more forgiving

Here is my updated trade sheet for tonight. We have a lot of indicators pointing in the same directions. Hopefully this is a sign of things to come as I am with my indicators...

Have a great trading day.....

Here is my updated spreadsheet for this evening.



I have decided to start using the ATR (14) for my trailing stop and s/l feature. This actually takes a little more time to calculate each evening, but it will help me keep things just a little more organized as many times with all these open trades one or two that should have been closed slip through and cause me not to make as much with the profitable trades as i should.

I have also been informed that the indicators I am using for this are not there when you load the template. I will work on getting those indicators for you and hopefully you will be able to follow along a little better if you are and give you a point of refernece to answer questions if you have any.

I apoligize for this...I thought they automatically came attached to a template for some reason and would be there when you loaded the template. I will get to this as soon as possible.

Have a great day trading.....

Sounds great, Damon. Thanks!

Scott

Here is my updated spreadsheet for this evening.....



Today was a wild day. We were in perfect position for that move today, but there was just way too much support around and that just drove the price back to where we were minus some additional open trades. There are definitely lots of reversal candles around, but I will leave the trades open as per the rules. Perhaps today it will go down and stay down, and if it goes up, then we have our s/l's in place and our next trades.

Since I don't know what will happen, i guess I will just have to wait and see

later....

NP...tonight was a long night spent making things easier for tomorrow night....promise I will get to you soon....

Updated spreadsheet for today:

We are more than 35,000 pips in profit since 12/01/08 with over 20,000 pips in profit in open trades.

Incredible, Damon. Are you live or demo? For your sake, I hope live.

Well done.

Scott

Yes Scott...I am live