Good morning/evening everyone. This thread will serve as my personal trading journal, and naturally will not contain any trades relating to my professional account. As a brief introduction, I trade Australian equities and global FICC. Apart from the odd opportunistic day trade or two, I generally trade medium term global macro events and use momentum and overbought/oversold indicators as my trading signals. These are incorporated in three separate algorithms, but there has to be a fundamental reason for the trade before I place it. For starters, I will be working into a large, short US 10yr T-Note position. 1.86% is an unsustainably low yield in the medium term, and with the reduced interest payments associated with a short position, I'm happy to keep adding to the position whilst yields are under 1.9%, and hold it through 2012. I am also long gold mining stocks (NCM.AX and KCN.AX), as they are nowhere near pricing in the current gold price (around $1000 an ounce). They still bear a large amount of systematic risk, so there is a tight stop on these, but could potentially be held for a few months if they take a while to price in the spot gold price.