Lehmann's Trading Journal

[lehmann]

I have read some of the Trading Journals and have been inspired to do the same. I think this is a good opportunity to look back at past trades and thoughts and thereby eliminate all the defaults one may have.
Im looking forward to this and will try as much as i can maintaining the discipline to write my ideas and trades before i make them.

I will start this journal with a chart of the DAX.

From marts 2009 to january 2010 we have a nice trend that is now broken and we are now in a congestion zone between 5730 and 5530. After the latest bounce at Resistance 5730 i sold at 5713.
I will close half of the position at the lowest line at 5530, and move the other half to break even.
We have fib 38,2% at a former res/support line close to a nice round number at 5500. the next fib is the 50% also at a former support line and also at a round number of 5300.
If we breake 5530 my targets are therefore 5500 and 5300.
My stop is now 15 pips over 5730 at 5745.

[markelshark]

Congrats on starting a journal! It takes courage to show your trades to the world but I think you'll find it will drastically improve your trading results to formalize and air out your analysis

[lehmann]

I Have now closed half my position in the DAX at 5530 and moved the other half to BE at 5713. i will look at next target around 5500 and make a decision, if it cuts through i will wait for it to reach 5300 which is the 50% fib. Either way i will just let this trade work it self out, now im in the profit zone.

[lehmann]

Im looking to short EURGBP. if the brake below 87 holds then im a seller at 0,868 with a stop at 0,8720

I will also be looking to sell EURJPY if we break out of this Flag with pole. A breake of 121,5 will trigger my sell. with a stop at 122,2

UPDATE 08-02-2010: I have cancelled the EURGBP but friday my sell in EURJPY was triggered at 121,5, we were as low as 120,7 which should have triggered my plan to close half the position and move the other one to BE. I wasnt at the computer and im now stopped out with a loss instead at 122,2. Pretty foolish of me.

[lehmann]

I have today sold XAUUSD at 1072,62 at the 38,2% fib point. i have placed my stop between 50% fib and 38,2 fib at 1079,62. My target for the first half position is now reached and thereby closed at 1065,62. the other half is open and stop moved to BE at 1072,62.

[Juan]

Hallo Lehmann
I am a newbie! And I like your view on Xauusd...
I posted a graph on the post Gold!
Would really like your comments??

[lehmann]

I will be looking to sell EURJPY if we approach the 124,2 - 124,6 zone. In that zone we have a former resistance/Support line. we have the 61,8% fib line and we have a falling trendline. I will post stops and Profit targets if the zone is reached..

[lehmann]

Hallo Lehmann
I am a newbie! And I like your view on Xauusd...
I posted a graph on the post Gold!
Would really like your comments??

Hi Juan, you asked me to comment and here is my humble opinion.
I have attached my graph in the GOLD Journal. and as you can see we have a fib point at 1075 and i have also added a former support & resistance line that have worked in the past at 1076. I am bearish on this one but have not entered yet. It could go either way from here, but most likely it will break to the downside because we are still in a downtrend. If it breaks up then i will be looking to short at either 50% fib at 1085 or the 61,8% at 1095 (rounded up) which also is very near the resistance line drawn from the 3 former tops in dec 2009, jan 2010 and feb 2010. I hope this makes sence.

[lehmann]

I have just sold XAUUSD at the 50% fib point. my stop is at 1092. between 50% - 61,8% fib.
I will close half and move the other half to BE if we reach 1078

[lehmann]

I have just sold XAUUSD at the 50% fib point. my stop is at 1092. between 50% - 61,8% fib.
I will close half and move the other half to BE if we reach 1078

update 30 min later: My first target is reached and the half is closed with a profit, and the other half moved to BE at 1085.

The other half was stopped out, but it was all together profitable.