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Damonl's Daily Trade Picks

  • #41
  • Jan 23, 2009 3:12am Jan 23, 2009 3:12am
I have decided to cancel some of my pending short trades today on Gbp, Eur, Usd and Jpy combinations because of where my account was at and the key levels of support and resistence which if bounced back again while triggereing another set of trades would decrease my profitability.

Plus, I have plenty of open trades in that direction and so any continued move down farther I would not be missing in the 1st place.

Also we have impact news for Gbp coming out which if positive could send the trade against me real quick, and right now I want to keep my gains that I have made.
"Keep your eyes on the helpers" - Mr. Rogers
  • #42
  • Jan 24, 2009 8:18pm Jan 24, 2009 8:18pm
Damonl,

Thats a ton of pips you are making, congrats. I have downloaded your template but only have 2 indicators so I need to find the others, can you help?

I have these,

slope direction line
advanced adx

Can you list all the indicators needed, Ill take it from there, thanks.
  • #43
  • Jan 25, 2009 6:40am Jan 25, 2009 6:40am
AHA, found you back.

We really need you to post the 10 indicators, as I also did not see much on the chart after loading the TPL.
  • #44
  • Jan 25, 2009 4:20pm Jan 25, 2009 4:20pm
Quoting Freddyfx
AHA, found you back.

We really need you to post the 10 indicators, as I also did not see much on the chart after loading the TPL.
Yes freddyfx...I will be working on that . Glad to have you around again.
"Keep your eyes on the helpers" - Mr. Rogers
  • #45
  • Jan 25, 2009 4:39pm Jan 25, 2009 4:39pm
Will follow you on this higher TF this week and see where it gets me, although you know trading lower TFs with the pip bar charts I am with a great team and doing very well.
  • #46
  • Jan 25, 2009 4:43pm Jan 25, 2009 4:43pm
Quoting Freddyfx
Will follow you on this higher TF this week and see where it gets me, although you know trading lower TFs with the pip bar charts I am with a great team and doing very well.
yes...are you still doing well with derek? please tell me of your results. For the moment, i decided to pass on his offer for the time being for personal reasons, but do tell of your results please.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #47
  • Jan 25, 2009 9:01pm Jan 25, 2009 9:01pm
Here is my updated trade stutus for today. I am making one change in my money management strategy. This change is necessary to ensure that I am tradin equal values at all times.

From now on, no matter how many trading entries I get, I will trade a % of my equity. What was happening is I might have 1 trade short and then next bar another short trade, but then on the next bar i would signal 4 short trades. This ratio keeps me lopsided especially if on the 3rd trade price moved against. I would then have 4 trades working against 2. Not a good ratio.

Becuase of this change I will no longer be counting the pips for 1-6 entrances at a time. Since each entrance will have the same relative value, then it will be counted as one trade even if 6 different entrances were involved in that one trade. This will also make it easier to transition into higher lot sizes as my equity grows in value.

Hope that this all makes sense. Enjoy.....

Attached File(s)
File Type: xls dailytradingjournal.xls   45 KB | 251 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #48
  • Jan 26, 2009 8:04pm Jan 26, 2009 8:04pm
Here is my updated spreadsheet for tomorrow's trading. We did not end up as well as I would have liked during that last run, as their were more pairs ranging than trending. Currently with closed in open trades we are just under our high pip count to date. Wait until we get a breakout of all pairs though.

There are not many left over trades from when I went to entering # of lots/# of signals, but a few remain, From now on I will be going to a straight % of equity no matter how many of my signals give me a trade.

Because of this, I will hopefully be able to also keep track of % win and loss per pair. We'll see how it goes.

Enjoy!

Attached File(s)
File Type: xls dailytradingjournal.xls   45 KB | 238 downloads


P.S. I will get to the strategies I trade in this thread soon, but I am just busy doing other things at the moment.
"Keep your eyes on the helpers" - Mr. Rogers
  • #49
  • Jan 26, 2009 10:19pm Jan 26, 2009 10:19pm
Hi,
if it is possible can you post the EA. My EA is not working.
Please.
thanks,
Pad

Quoting damonl
Happy New Year,

My wife and I are enjoying champange and orange juice for breakfast in celebration of the new year. I hope that everyone that reads this will have as prosperous a new year as we will.

Here is my updated spread sheet with all changes that I will make when the market opens this evening. I will have to post any new things later.

Currently from 12/01/08 we are up 2,172 pips which means that we took some s/l hits due to volitility on Wednesday. It would not also be fair if I did not mention current open trades to valued at 4,762...
  • #50
  • Jan 27, 2009 6:09pm Jan 27, 2009 6:09pm
Quoting ravulapalli
Hi,
if it is possible can you post the EA. My EA is not working.
Please.
thanks,
Pad
EA for what?
"Keep your eyes on the helpers" - Mr. Rogers
  • #51
  • Jan 27, 2009 10:26pm Jan 27, 2009 10:26pm
Here is my updated spreadsheet for today.

I have made a few decisions to only have a certain amount of trades open at any one time and to only have a certain amount of pending trades open at one time. This will help me get in early, but keep me from adding more positions late in the runs when they could come back on me.

Hopefully someday i will put this all together for everyone, but just have no time right now....

Attached File(s)
File Type: xls dailytradingjournal.xls   50 KB | 228 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #52
  • Jan 28, 2009 5:00am Jan 28, 2009 5:00am
Thanks for the reply. I download slingshot in the expert advisers. i add to chart. but it;s not working. Please can you post for slingshot EA.

Thanks,
Pad

Quoting damonl
EA for what?
  • #53
  • Jan 28, 2009 6:18am Jan 28, 2009 6:18am
Quoting ravulapalli
Thanks for the reply. I download slingshot in the expert advisers. i add to chart. but it;s not working. Please can you post for slingshot EA.

Thanks,
Pad
To my knowledge there is no EA for slingshot
"Keep your eyes on the helpers" - Mr. Rogers
  • #54
  • Jan 29, 2009 5:54pm Jan 29, 2009 5:54pm
Once again, as when I traded this method years ago, I made some nice pips, but it is just too much work. So....what I decided to do was to eliminate some of the trades that always happen when other trades happen and then, out of that group only keep the trades that get us in the trades the earliest.

So, I have cut down my trading strategies to save some time. I spend too much time each night evaluating trades and i burn out easy. Therefore I will make less pips probably, but now have a better strategy to try and master.

Off to make my trades, so I will upload the new .xls file when I get them done.

Updates have been made to the furst post....
"Keep your eyes on the helpers" - Mr. Rogers
  • #55
  • Jan 29, 2009 6:08pm Jan 29, 2009 6:08pm
Quoting damonl
Once again, as when I traded this method years ago, I made some nice pips, but it is just too much work. So....what I decided to do was to eliminate some of the trades that always happen when other trades happen and then, out of that group only keep the trades that get us in the trades the earliest.

So, I have cut down my trading strategies to save some time. I spend too much time each night evaluating trades and i burn out easy. Therefore I will make less pips probably, but now have a better strategy to try and master.

Off to make my trades,...
Missed your pics last night. i have made 500 pips this week using your picks on just 5 currencies. Was gonna pm you this, but couldn't.

Thank you for all your hard work.
  • #56
  • Jan 29, 2009 10:03pm Jan 29, 2009 10:03pm
Here is my updated trades list for this evening. I am now getting to the point where things are managable and will hopefully find some time to give you guys a description of what I am doing, now that is a little more focused on getting in early on the daily chart.

You will notice a new format to the .xls sheet, which I will hopefully be able to describe to you as well....sometime....

Attached File(s)
File Type: xls dailytradingjournal.xls   71 KB | 214 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #57
  • Jan 29, 2009 10:05pm Jan 29, 2009 10:05pm
Quoting mwh72
Missed your pics last night. i have made 500 pips this week using your picks on just 5 currencies. Was gonna pm you this, but couldn't.

Thank you for all your hard work.
yeah...I spent all night re-evaluating and redoing my files to keep trades a little more organized. Hopefully now, the trades will even be better.

Have a great night
"Keep your eyes on the helpers" - Mr. Rogers
  • #58
  • Feb 1, 2009 9:54am Feb 1, 2009 9:54am
Here is my updated trades for tonights open.

Enjoy the superbowl.....

Attached File(s)
File Type: xls dailytradingjournal.xls   93 KB | 202 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #59
  • Feb 1, 2009 11:18pm Feb 1, 2009 11:18pm
Here is my update based on Sunday's closed bar.

Arizona should have won.

Enjoy!

Attached File(s)
File Type: xls dailytradingjournal.xls   91 KB | 205 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #60
  • Feb 2, 2009 7:53pm Feb 2, 2009 7:53pm
Here is tonights totals and trade updates.

Attached File(s)
File Type: xls dailytradingjournal.xls   91 KB | 240 downloads
"Keep your eyes on the helpers" - Mr. Rogers
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