Danny's Trading Journal

DannyBly · #1 15th February 2008, 04:26 AM

The 5 and 10 period EMA crosses worked well giving 3 trades - got a little chopped on the first and did not take profits early enough...the next 2 worked out....50% Fib retracement on the hourly at 1.4643 came into play, and we saw the bullish 50 and 200 ema bullish crossover on the hourly. End result: + 40 pips

DannyBly · #2 15th February 2008, 08:57 PM

Euro rocked up this morning - I entered long at around 7:15 - there was not to much heat on the downside in this trade, and my exit was simply based on having reached a target number of pips for the day. Was out late last night so am going to wrap the trading week up a little early today. End result for the day + 27 pips.

DannyBly · #3 18th February 2008, 09:22 PM

Today's trading: around 7AM CST entered long off bullish EMA cross - RSI was unable to cross 50 - got a little chopped here costing me about 8 pips...entered long at 1.4623 off bullish divergence between RSI and price....EUR spiked up and we got bullish confirmation with EMA cross and RSI finally crossing its 50 center line....exited the long at the 50% level and then the 61.8% fib level. End result: +20 pips. Calling it a day.

DannyBly · #4 20th February 2008, 12:05 AM

Got short around 7AM CST off an inside bar breakout - never got the expected follow through and was forced out of this trade. Later got short off bearish EMA cross - this trade worked out and I took profits early. Finally, took a small position off the bullish EMA cross and was able to catch a couple of pips. Net result: +2 pips

marcus · #5 20th February 2008, 12:48 AM

what method are you using Danny? Why not post your charts as well if possible?

rajsingh · #6 20th February 2008, 06:42 AM

He has posted the charts marcus.

marcus · #7 20th February 2008, 02:30 PM

Quote:

Originally Posted by rajsingh

He has posted the charts marcus.

ah okie i didn't check the link thanks rajsingh

sorry danny

DannyBly · #8 20th February 2008, 11:12 PM

Started positioning myself long this morning off support levels on the longer term charts - RSI was also oversold there...stayed out for the CPI release but got back in shortly after...got bullish confirmation from the EMA cross and RSI and tentatively was looking for price to reach the 50 on the 15 minute chart, took a while but it reached there and blew through it...I was lucky enough to have been long from a good price so staying in it wasn't that hard. Net result: +40 pips.

DannyBly · #9 21st February 2008, 07:39 PM

Got long this morning off anticipation of the 5 and 10 EMA cross, got confirmation from RSI crossing 50. Scaled out and was flat for Initial Claims at 7:30. Net reslut: +14 pips. Wrapping it up early today, headed to meet Jack Broz of the Marlin Letter down at the CBOT.

DannyBly · #10 25th February 2008, 10:52 PM

Started getting long the EUR a little after 6AM CST off bullish momentum and anticipated EMA cross. Received confirmation from the 5 and 10 period EMA cross and RSI crossing 50. Nice clean upmove for about 40 pips - exited while RSI hit 70 almost going into overbought territory.

Tried to re-enter the long at 50% of the upmove, but this level failed - continued to position myself long and exited at the end of the European/US overlap session. Net Result: +31 pips.