Apart from market manipulation (unfortunately yes by Central Banks printing money) there is no one goody diddly diddy reason why stocks and copper should sustain multi-day rallies. So I'm shorting those rallies until prices reach a certain point that proves I'm wrong on direction. My concern is to get the direction correct with correct position size.
A big dollar movement is imminent - Which direction heh???I will be looking for clues in other currencies that really move rather trade the dollar (DX) itself - The pressure valve is about to blow out so take your positions or stand clear
The only game in town is to short all those assets that are anti-US dollar - energy , metals, major currencies and curiously soybean meal despite a strong soy market. Take your pick plenty of game out there and give two fingers up to Ben's speech tomorrow.
I hope you got some Noobs on that mega dollar move. My 10K account is now 45K & it will be 200K by Christmas - 100K it now too low a target. Now I can scale up as the equity allows to dip in those big energy contracts. Who says again a 10K account can't compete with MIT designed HFT robots? Given the same capital base that those robots trade with I will beat them hands down day in day out. The next big trend is Cotton. Stay Tuned
The cotton bear camp is putting up quite a fight here around 1.065 will they prevail, prices must not trade ever again below today's bar low for weeks/months if I'm correct & if I'm wrong jump ship. Simple.
Not that I've actually been following along, other than to read the thread today, but let me see if I got this right. You disappeared for 2 months after posting an equity value of around 11k and now you're back to say you're up to 30k after 2 months of posting nothing? What you are posting, by the way, is absolutely meaningless. A word document with what looks like part of your statement has no value. I'm not saying you didn't do it because I know it can be done but if you want to gain any sort of credibility you need to post something like your clearinghouse statement with a portion of your account number blacked out. And your reasoning for stopping doesn't make sense either. How could you reveal too much information about a discretionary trading system? As far as it affecting your thought process...that I could understand.
The1 No we shall not be posting statements with clearinghouse name. Read the posts prior to those last 2months and you will get a feel of what I was up. Its not about shouting short ES, Out 2points , In stopped out damn, I shoulda coulda woulda not traded thru lunch time, etc. It's a philosophy thing of how to make big money from a small account. If you are still a doubting Thomas you should visit London and go to - Ripley' s believe or not
u da man shaagi.... not every one can understand & Practice ... what mr. Jesse Livermore said and Did.