Eclectic

Well done!

 

The plan is that the trade is in it's infancy. I'll keep you posted. I am prepared to give all the gains back and more to honor my rules.

 

Something is going to happen in Sugar soon. However, I don't know what , so I need to continue on the sidelines . Cotton is looking bullish again. I will enter March Cotton long on the open at the market.

 

Long Dec 10 yr notes at 110'305" hoping to hold for a continuation of the rally.

 

Update on Current positions

Long March Cotton from .6993

Long Dec 10 yr notes from 110'305"

Short Dec ES from 1511.00 (from ES Journal)

Long Dec Yen Futures from .88050

 

March Cotton is a little troubling. I may look to exit today and take a loss. However, I want to hear what the price action is today for a bit and then decide. I will not be at the computer so will not be able to post in realtime, thus for the integrity purposes of the journal, I will take the worst case (either end of day or my actual exit) if I do indeed exit. Have a good day all--

 

Have not exited March Cotton yet.

 

Slight bounce here in March Cotton. I am taking a loss and exiting here at .6814. Will update later. Have a good day all. Still long the Yen and 10 yr notes. Short ES.

 

Hi B1S2, Congrats on your JPY trade. Classic!

I have a quick question, after opening this trade the market went against you, was your mental stop below the mid October lows?

I am aware you don't trade bean oil, but just for fun here is another chart I thought looked interesting.

Best wishes.

 

Yes.

By the way, I do trade bean oil from time to time, just not recently.