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Dan's Self-Honesty Journal

  • #21
  • May 4, 2010 9:09pm May 4, 2010 9:09pm
NZDJPY BEOB.

2% risk

30 pips to b/e, full profit at 66.30
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Many choose unhappiness over uncertainty.
  • #22
  • May 4, 2010 9:57pm May 4, 2010 9:57pm
i am seeing FTA at 67.00, is that right ?
  • #23
  • May 4, 2010 10:09pm May 4, 2010 10:09pm
Quoting roundrock
i am seeing FTA at 67.00, is that right ?

Yes. Not a bad place to actually take full profit. i am just going to get my stop to B/E in anticipation of that area having a good chance of retracing on me. Should be an interesting trade.
Many choose unhappiness over uncertainty.
  • #24
  • May 4, 2010 10:12pm May 4, 2010 10:12pm
Quoting Dan Gilbert
interesting one


EDIT: added in terminal picture.

management: 45 pips to break even, full profit taken @ 1.6225


2% risk
this I4B ended up breaking northbound very strongly today.


I4B's on VBRN's are so consistent. I should just have taken it either direction. I'm am tired of calling those wrong in regards of what direction I think it will go. Although this one had soooo much evidence that it was going to break downward.


Live and learn.
Many choose unhappiness over uncertainty.
  • #25
  • May 4, 2010 10:19pm May 4, 2010 10:19pm
a couple of demo trades.

One on futures

the second one on the NZDUSD I4B...
Attached Images
Many choose unhappiness over uncertainty.
  • #26
  • May 5, 2010 10:00am May 5, 2010 10:00am
Quoting Dan Gilbert
NZDJPY BEOB.

2% risk

30 pips to b/e, full profit at 66.30
out at B/E
Many choose unhappiness over uncertainty.
  • #27
  • May 5, 2010 11:26pm May 5, 2010 11:26pm
ok before I start neglecting this thing again.


current demo trades:
Attached Image
Many choose unhappiness over uncertainty.
  • #28
  • May 5, 2010 11:28pm May 5, 2010 11:28pm
Quoting Dan Gilbert
a couple of demo trades.

One on futures

the second one on the NZDUSD I4B...

update on these demos:


futures trade, closed for a partial bar loss (avoided full bar loss)

NZDUSD, take profit target hit
Many choose unhappiness over uncertainty.
  • #29
  • May 5, 2010 11:32pm May 5, 2010 11:32pm
current live pending trade:

2% risk, 35 pips to B/E, full profit take shown in terminal
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Many choose unhappiness over uncertainty.
  • #30
  • Edited 1:37pm May 6, 2010 12:42pm | Edited 1:37pm
Quoting Dan Gilbert
current live pending trade:

2% risk, 35 pips to B/E, full profit take shown in terminal

1.8% added to live account.
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Many choose unhappiness over uncertainty.
  • #31
  • May 8, 2010 8:19pm May 8, 2010 8:19pm
Ok, week recap.


2 LIVE TRADES:

NZDJPY: BEOB OF 5-4-2010
BREAKEVEN

USDJPY: BEOB OF 5-5-2010
+1.8%

TOTAL LIVE: +1.8%



4 DEMO TRADES:

NZDUSD: I4B OF 5-3-2010
+1.8%

SOYBEAN: BULLISH PIN OF 5-4-2010
-1.3%

WHEAT: IPB OF 5-5-2010
+5%

GOLD: BULLISH PIN OF 5-5-2010
+1.4%

TOTAL DEMO: 6.9%



WEEK TOTAL: 8.7%

lucky week.

Anyone have questions about one of these trades, quote it, and I will TRY to answer it before monday!
Many choose unhappiness over uncertainty.
  • #32
  • May 9, 2010 10:08am May 9, 2010 10:08am
Quoting Dan Gilbert
Ok, week recap.


2 LIVE TRADES:

NZDJPY: BEOB OF 5-4-2010
BREAKEVEN

USDJPY: BEOB OF 5-5-2010
+1.8%

TOTAL LIVE: +1.8%



4 DEMO TRADES:

NZDUSD: I4B OF 5-3-2010
+1.8%

SOYBEAN: BULLISH PIN OF 5-4-2010
-1.3%

WHEAT: IPB OF 5-5-2010
+5%

GOLD: BULLISH PIN OF 5-5-2010
+1.4%

TOTAL DEMO: 6.9%



WEEK TOTAL: 8.7%

lucky week.

Anyone have questions about one of these trades, quote it, and I will TRY to answer it before monday!
Mornin Dan ,

Just finished reading your journal , good luck .

Thanks for the pm . Im starting a written journal today. You made some good points !

What broker are you useing for futures trading ?

Good trading this week , Gary
  • #33
  • May 9, 2010 10:19am May 9, 2010 10:19am
Quoting gjworley1952
Mornin Dan ,

Just finished reading your journal , good luck .

Thanks for the pm . Im starting a written journal today. You made some good points !

What broker are you useing for futures trading ?

Good trading this week , Gary

Right now I'm demoing futures on FXPRO, but i started an account with MB trading and will start demoing futures there soon.
Many choose unhappiness over uncertainty.
  • #34
  • May 9, 2010 2:07pm May 9, 2010 2:07pm
this week I don't see much going on as we head into monday. I mean, last week was a historical maniac week, and friday was NFP. If something good happens on the daily charts at a VBRN, I will take it - but right now, nothing. The weekly charts don't show anything A+ either.

I know some may be looking at the i4b on USDCHF and wonder what I think about it. I think price will break down to 1.10, and then shoot up. If I get some kind of bullish PA at 1.10 this week, I'm probably going in. I guess you could say that is my primary watch right now.
Many choose unhappiness over uncertainty.
  • #35
  • May 10, 2010 11:34am May 10, 2010 11:34am
current live pending:

I'm buying right as the gap closes from last weeks close. I expect a bounce

1% risk, 100 pips to B/E, full profit take in terminal

I'm basing this decision to go long on the intervention currently taking place on the EURO.
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Many choose unhappiness over uncertainty.
  • #36
  • May 11, 2010 1:26pm May 11, 2010 1:26pm
Quoting Dan Gilbert
current live pending:

I'm buying right as the gap closes from last weeks close. I expect a bounce

1% risk, 100 pips to B/E, full profit take in terminal

I'm basing this decision to go long on the intervention currently taking place on the EURO.
loser trade.

-0.95%
Many choose unhappiness over uncertainty.
  • #37
  • May 11, 2010 4:21pm May 11, 2010 4:21pm
here is my entry method for the daily I4B on AUDUSD that is straddling the 0.9000 vbrn


2% risk


I set a large buffer on the southbound break because otherwise I'd be selling right into a PPZ.

management:

long: 25 to B/E, 85 to half profit take. full profit in terminal picture.

short: 50 to B/E, full profit take in terminal picture.
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Many choose unhappiness over uncertainty.
  • #38
  • May 12, 2010 11:52pm May 12, 2010 11:52pm
Quoting Dan Gilbert
here is my entry method for the daily I4B on AUDUSD that is straddling the 0.9000 vbrn


2% risk


I set a large buffer on the southbound break because otherwise I'd be selling right into a PPZ.
management:

long: 25 to B/E, 85 to half profit take. full profit in terminal picture.

short: 50 to B/E, full profit take in terminal picture.

the red boldened part saved me from taking a loss, my trades never got hit, price bounced off the PPZ and never got to my order. I am deleting both the buy, and sell orders on that I4B.

Judgement calls FTW!
Many choose unhappiness over uncertainty.
  • #39
  • May 13, 2010 12:22am May 13, 2010 12:22am
I'm taking the i4b on USDCAD, I'm falling asleep right now as I type this, more info tomorow morning, i promise.
Many choose unhappiness over uncertainty.
  • #40
  • May 13, 2010 12:59pm May 13, 2010 12:59pm
Quoting Dan Gilbert
I'm taking the i4b on USDCAD, I'm falling asleep right now as I type this, more info tomorow morning, i promise.
Alright, I'm in this I4B now, This thing missed my first target by about 1 pip, and the stop never got moved to B/E. I'm still in at 2% risk.

I'm willing to manually kill this if it makes a good break over the 1.02.

If it doesn't, I will still pull my stop down to 15 pips above today's bar high after NY close to reduce risk.
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Many choose unhappiness over uncertainty.
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