Better to be lucky than good any day. I'm sure you've missed oportunities by one point or less before, market just gave some back.
This has been a bad week to be long the dollar. My stop order is currently at 74. Going to move it to 76.
DX is currently at 76.5. Moved my stop to 75.98. This trade is on life support...hoping for some bad news out of Europe
Long YM at 12400. Looks like we are going to run for the 12200 level and I anticipate we will break it to the upside.
Adding stocks to the mix. Long 600 AUY @ 17.10 Long 100 CLR @ 83.00 These are both break out plays which I hope will capitalize on strengthening commodity prices (gold and oil).
Exited AUY for 16.99 (essentially BE). With the huge down move in Gold yesterday and AUY failing to move higher, the odds of winning were decreasing. Still long YM and CLR.
Sold YM at 12773. Total profit since December over the course of 3 contracts (March, June, September): +4347.94 Looking at the chart below, I considered selling the second high in early May but decided to hold. Fortunately I got another opportunity to exit at a decent price. Exited Friday because I anticipate we are going to be in a trading range for a bit while we digest that gains over the past few years. Let's see. Note: chart is of DIA as I could not find a YM chart that spans the entire duration of trade.