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Dan's Self-Honesty Journal

  • #61
  • May 18, 2010 7:02pm May 18, 2010 7:02pm
Quoting Dan Gilbert
also, I'm short GBPUSD for 1% risk right now, and that trade is being a real son of a gun lol

EDIT: attached.... should explain it all...
throw it in the bag.

+0.7%
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Click to Enlarge Name: EURJPYCONTINUATION.jpg Size: 13 KB
Many choose unhappiness over uncertainty.
  • #62
  • May 20, 2010 10:24am May 20, 2010 10:24am
Ok, I got a whole bunch of crap to update here....

First off, soybeans trade was completed, price never retraced to the trendline, so I was never able to add another 1% to the position, but who cares, a successful trade is enough for me
Attached Image
Many choose unhappiness over uncertainty.
  • #63
  • May 20, 2010 10:27am May 20, 2010 10:27am
ok, the gold pinbar, price never broke it, and my buy stop never got hit, the trade never happened. sad day.....


also, I took the BEOB on EURJPY and it closed up at B/E.

my nat gas trade, I'm taking full profit @ 4.000, S/L is currently at B/E.
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Many choose unhappiness over uncertainty.
  • #64
  • May 20, 2010 10:32am May 20, 2010 10:32am
I feel like this week I have taken a TON of trades, but for the most part, they have been doing very well
Many choose unhappiness over uncertainty.
  • #65
  • May 20, 2010 12:00pm May 20, 2010 12:00pm
trend catcher, 1% risk. Live account.
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Many choose unhappiness over uncertainty.
  • #66
  • May 20, 2010 12:13pm May 20, 2010 12:13pm
this one is using the exact same logic as the AUDUSD trade.

1% risk
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Many choose unhappiness over uncertainty.
  • #67
  • May 20, 2010 11:39pm May 20, 2010 11:39pm
Quoting Dan Gilbert
trend catcher, 1% risk. Live account.
252 pip trailing stop hit.

I was planning on just leaving the big trailing stop, and closing my positions right before the weekend, instead my s/l got smacked Just barely in profit.

these whipsaw markets have been real frustrating.
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Many choose unhappiness over uncertainty.
  • #68
  • May 22, 2010 11:49pm May 22, 2010 11:49pm
Quoting Dan Gilbert
Corn: Looks like this upper consolidation box is ready to break into the lower one, we'll see.

Soybean: Looks like a trendline breakout....
corn, -0.3%
soybean, +0.7%
gold, -0.5%
nat gas, +1.5%

crude: no trade
silver: no trade


I didn't position size these demo trades, but I did the math on the trades as far as S/L, and my initial risk.

You will notice I killed my corn trade manually when it clearly just lost all its momentum on me!

My loser gold trade that I manually closed, then it went way into profit was frustrating, but the fact that I correctly manually closed the corn trade far more than compensated for that loss on 4hr gold pin.
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Click to Enlarge Name: nattgs.JPG Size: 21 KB
Click to Enlarge Name: soy.JPG Size: 21 KB
Many choose unhappiness over uncertainty.
  • #69
  • May 22, 2010 11:52pm May 22, 2010 11:52pm
Quoting Dan Gilbert
gold: 50% retracements at 1217 first, then another 50% retracement at 1203. Looking for support PA in both those areas, should price reach them. If price just keeps going up over top of the old all time high, i will buy into that move. Gold is poised very well right now for a bull run in my honest opinion.
loser gold which was manually closed.
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Many choose unhappiness over uncertainty.
  • #70
  • May 22, 2010 11:53pm May 22, 2010 11:53pm
I should note that the reason I'm posting this is because I did close ALL POSITIONS before the weekend, so I have a fresh slate on sunday night.
Many choose unhappiness over uncertainty.
  • #71
  • May 23, 2010 12:01am May 23, 2010 12:01am
live account trades logged, +0.8% for the week live, +1.4% on futures demo.... I needed this after last weeks -2.1% on live, and not even one single trade taken on futures - - -


look back through thread here for the analysis,

any questions, ask away!

(If I ever missed some analysis on previous posts, bring it to my attention, I feel like I took a lot of trades this past week!)
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Many choose unhappiness over uncertainty.
  • #72
  • May 23, 2010 12:06am May 23, 2010 12:06am
what I learned this week was that on my trend catching method, I need to just take profit at trouble areas, and not leave that gigantic stop in hopes of closing the trade before the weekend with even more profit.

My AUDUSD trade was up over 250 pips and I barely made anything on that trade (basically break even +23 pips)

the trade bounced hard right off a pre-marked PPZ as well, so that is just more evidence that I need to take profit and move onward after that.

Also, I skipped out on the NZDJPY BEOB, and took the EURJPY BEOB for 2% risk.

Looking back, if I had taken the NZDJPY, and the EURJPY for 1% each, I would have spread my risk a bit, and the NJ trade would have hit it's full take profit zone, while EJ would have come out at B/E.

Other than that.... everything looks like it went right as planned
Many choose unhappiness over uncertainty.
  • #73
  • May 24, 2010 8:38am May 24, 2010 8:38am
current live position in a bit of draw down, I see this as a good breakout above old resistance, stop to B/E after 30 pips, full take profit shown. 2% risk
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Many choose unhappiness over uncertainty.
  • #74
  • May 24, 2010 11:10am May 24, 2010 11:10am
demo gold trade...

PA not so good, location however, is great!
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Many choose unhappiness over uncertainty.
  • #75
  • May 24, 2010 2:03pm May 24, 2010 2:03pm
Quoting Dan Gilbert
demo gold trade...

PA not so good, location however, is great!


Keep up the good work Dan

FXP.
  • #76
  • May 24, 2010 2:29pm May 24, 2010 2:29pm
Quoting fxprocessor
Keep up the good work Dan

FXP.
Thank you for stopping in.
Many choose unhappiness over uncertainty.
  • #77
  • May 24, 2010 3:41pm May 24, 2010 3:41pm
gold update, moving stop to below todays low price.
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Many choose unhappiness over uncertainty.
  • #78
  • May 24, 2010 9:38pm May 24, 2010 9:38pm
Quoting Dan Gilbert
gold update, moving stop to below todays low price.
Dan,

can you explain the reason to enter long ? also what are those dotted orange lines ?
  • #79
  • May 24, 2010 11:01pm May 24, 2010 11:01pm
crude I4B straddling 70.00 taken short
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Many choose unhappiness over uncertainty.
  • #80
  • May 24, 2010 11:06pm May 24, 2010 11:06pm
Quoting roundrock
Dan,

can you explain the reason to enter long ? also what are those dotted orange lines ?
good retracement on a long uptrend, doji price action, previous resistance becomes new support. those dotted orange lines are my S/L and T/P areas.
Many choose unhappiness over uncertainty.
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