for Tuesday June 4/13 ~ 3:43pm pst nothing much till Wednesday Currencies: pretty well as before aud: Buy 0.96186 eur: Buy 1.30087 gbp: Buy 1.52030 nzd: Buy 0.79736 cad: Buy 1.03715 currently -$8.94 still expecting a rally jun4/13 chf: Buy 0.94749 maybe speculative but bounced a fibo jpy: Sell jun3/13 es: Sell 1632 closed $334.38 xauusd: 0.10 Sell 1387.81 if the price breaks 1421 I'll put in a Buy hedge - no cost close the Buy wherever and enter a second Sell. currently down -$25.02 .................. cl: could be a rally's begun ng: still looks down ................. notes: another brilliant precious metal's trade, Sell gold at the beginning of its rally the es trade was an o/n and still watching, observing it, checking my method works on it but definitely missed a couple of potential large profit trades
for Wednesday June 5/13 ~ 2:47pm pst a few more announcements, ADP at 8:15am est Currencies: expecting the $ to decline but it's slowed up; it could be forming a base with this next down leg; the remainder of the week's announcements and NFP may influence if a base is formed or the price continues lower aud: Buy 0.96186 eur: Buy 1.30087 gbp: Buy 1.52030 nzd: Buy 0.79736 cad: Buy 1.03715 chf: Buy 0.94749 jpy: Sell es: maybe some upside again but overall down, looking for around 1600 xauusd: Sell 1387.81 .................. cl: down again ? ng: small down, looks like it's forming an AB base ................. notes: overslept yesterday, underslept today and had to take a nap, and still fighting with the es
for Thursday June 6/13 ~ 3:00pm pst I'll go for an increase in Claims 8:30am est, also the ECB announcement new BoC Gov Stephen Poloz testifies to Finance Committee beginning 8:45am est Currencies: no ECB rate cut expected and hopefully nothing provocative said aud: Buy 0.96186 still holding tho thought about closing it, should have hedged it eur: Buy 1.30087 will hold the Buy gbp: Buy 1.52030 best performer - going to the moon nzd: Buy 0.79736 rebounding cad: Buy 1.03715 ho hum chf: Buy 0.94749 maybe rebounds jun5/13 jpy: Sell 100.237 will it drop ? es: will be switching back to the YM as of next trade both the ym and es hit and closed on their 50s . drops: could see 1590 broken for es 14823 for the ym if the employment numbers are below consensus Sell 1628.75 C 1623.50 $259.38 - o/n Buy 1624.00 C 1624.50 $21.88 Sell 1618.75 C 1617.75 $46.88 Sell 1617.25 C 1612.00 $334.38 Sell 1611.00 C 1609.25 $84.38 xauusd: Sell 1387.81 walking along side a canal .................. cl: down again ? ng: maybe it'll drop today ................. notes: bit early but no nap. I'd tried a seconds chart with the 6e didn't work, now I'm trying one with the es. started at 3 secs, yeah I know anyway then 15 and think I'll stay with a 10 sec. thing is there's the volume to scalp the es, 6K+ contracts in one 3 sec bar with a range of 3 ticks, impossible with the 6e. have to test using it to find out if it's useful for personal day trading, but there's a small conflict at the moment between trading for my own account and trading for the portfolio. the portfolio trades are by and large supposed to be B&H, but today's trades have been day trades and the one o/n. I'll start trading the ym for the portfolio then I won't have the conflict starting to synch a bit better with the price, time outs for making a cuppa aside ;
Curious. I noticed you sold ES a couple of posts back. This is divergent with your macro comments a few weeks back on how ES was going to move significantly higher quite shortly and in the next quarter and beyond. Have you changed that point of view?
for Friday June 7/13 ~ 3:29pm pst some EU, France, German reports I'm thinking a smaller NFP number than the Consensus' 167K Currencies: it's likely next week will see a $ retracement rally correction, so have to decide whether to close pairs' trades Now, wait a while to see if the $ falls, or leave it till tomorrow aud: Buy 0.96186 recovered a lot of loss, will keep it open eur: Buy 1.30087 keep it open gbp: Buy 1.52030 keep it open nzd: Buy 0.79736 C - ($63.62) jun6/13 nzd Sell 0.79112 C -($13.14) jun6/13 nzd Buy 0.80465 recovered some loss, will keep it open cad: Buy 1.03715 keep it open for present chf: Buy 0.94749 may have based - I hope, keep it open jun5/13 jpy: Sell 100.237 C $290.46 will there be a reversal ? ym etc, going to think in terms of a down day regardless of the NFP numbers, and possible lower lows jun6/13 ym: Sell 14922 C $341.88 jun6/13 ym: Buy 14915 C $131.88 jun6/13 ym: Buy 14978 C $156.88 xauusd: Sell 1387.81 same old same old .................. cl: not a new high, set up to reverse ? ng: hold this level or lower ? ................. notes: TM - Trade Management still killing me, have to review it on the weekend â have a good one
two sessions for Monday June 10/13 ~ 3:29pm pst Currencies: I'm expecting a correction/basing session that could end today or run into tomorrow, after that, new - resumption of trends but, my analysis of the charts could be quite incorrect. this relates to the DX and the idea that the W looked like a possible double top meaning more downside to come. what could occur is a rally this week and declines resumes the week after, but an even shorter period of say 2 up days then the decline begins - CAUTION ! aud: Sell 0.94905 previous 0.93871 LL Oct/11 is the break down point eur: Sell 1.32177 this 'correction' begun a year ago appears to be complete gbp: Sell 1.55479 the U turn reversal is now complete, decline begins nzd: Sell 0.79262 H&S on the M, decline cad: Buy 1.02261 could drop to 1.016 will hold the Buy chf: Buy 0.94749 could drop to 0.92 will hold the Buy jpy: will Buy this session or next, around 95 es: same as the pairs, correction lasting this session possibly into tomorrow's low ? guessing, 1619-16 ? regardless - a Buy - CAUTION ! gc: Sell 1387.81 profit ! tests the lows, and creates new ones ? .................. cl: will it pop the top this time ? ng: lower still ? 3.70 area ? ................. notes: rain Sun rain Sun rain sun Trading Margin ROI ~ trades from May 31/13 to Friday June 7 Close includes closed and current open trades, adjusted running profit or loss . . . . . . . . . . . . . . . profit / loss . . . . roi % . . . margin aud . . . . . . . . . . . -($132.67) . . . . -41.37 . . .$320.62 eur . . . . . . . . . . . . $231.70 . . . . . .53.43 . . .$433.62 gbp . . . . . . . . . . . .$339.79 . . . . . .67.05 . . .$506.77 nzd . . . . . . . . . . . -($56.38) . . . . . -21.21 . . . $265.79 cad . . . . . . . . . . .-($22.22) . . . . . -6.42 . . . . $345.72 chf . . . . . . . . . . . .-($13.01) . . . . .-4.11 . . . . $315.83 jpy . . . . . . . . . . . . $294.60 . . . . . .71.44 . . . $412.33 7 pairs . . . . . . . . $641.72 . . . . . .24.67 . . . $2,600.68 gold . . . . . . . . . . .$4.41 . . . . . . . . 0.63 . . . . $693.91 7 + gc . . . . . . . . . $646.13 . . . . . .19.61 . . . $3,294.59 es . . . . . . . . . . . . $1,306.28 . . . . 33.92 . . . $3,850.00 ym . . . . . . . . . . . .$1,000.52 . . . . 36.38 . . . $2,750.00 7gc es . . . . . . . . $1,952.41 . . . . 27.32 . . . $7,144.59 7 gc ym . . . . . . . $1,646.65 . . . . 27.44 . . . $6,044.59 7 gc es ym . . . . $2,952.93 . . . . 44.77 . . . $6,594.59 es + ym margins / 2 = $3,300 either the es or ym were traded but not both at the same time roi of es ym day trading margins es . . . . . . . . . . . $1,306.28 . . . . 326.57 . . . $400 ym . . . . . . . . . . .$1,000.52 . . . . 200.10 . . . $500 es ym . . . . . . . .$2,306.80 . . . . 512.62 . . . $450 es + ym margins / 2 = $450 either the es or ym were traded but not both at the same time
for Tuesday June 11/13 ~ 3:30pm pst Currencies: All: have to wait thru the session to see if the turn comes, otherwise I'm going to be having a lot of losses aud: Sell 0.94905 eur: Sell 1.32177 gbp: Sell 1.55479 nzd: Sell 0.79262 cad: Buy 1.02261 chf: Buy 0.94749 jpy: will Buy around 95 IF it gets that low es: bit surprised the price rallied again, think it's turned and on the way down missed entering a Sell at the H, will try again gc: Sell 1387.81 looks like its correction's complete and heading down .................. cl: correction before rallying higher or . . . down again ? ng: heading to 3.6 ? ................. notes: . . .
for Wednesday June 12/13 ~ 4:22pm pst Currencies: the $ Has to rally this session or it's going to drop a lot further the $ could form a reversal correction now for a few days but then continue down but I don't think the $ can go any longer without turning IF it's going to set new highs aud: Sell 0.94905 eur: Sell 1.32177 gbp: Sell 1.55479 nzd: Sell 0.79262 cad: Buy 1.02261 chf: Buy 0.94749 June 11 jpy: Buy 96.046 es: could base here and rally, but the D formation looks like the price is going to drop down to last Thursday's L, and probably spend the rest of the week doing that and the price could just drop from here jun 11 Sell ES 1641.75 C $746.88 jun 11 Buy ES 1623.50 C $571.88 jun 11 Buy 2 ES 1626.75 C $193.76 gc: Sell 1387.81 turning down again .................. cl: down again I think ng: still looking for 3.6 ................. notes: I took profit too early on the o/n trade, and too late on the day trades, 'losing' several hundreds of $s. in both day trades I was doing something else on the computer instead of watching the price. had I been paying attention I could probably have put reverse trades on, so that's additional monies missed thing about taking profit is one can always enter the market again
for Thursday June 13/13 ~ 3:25pm pst Currencies: euro closed just below its major 61 retracement; as well this week is a major Time Target for me the $ appears to have stopped going down, we'll see. if as said a rally follows it may only be a retracement correction and once complete more downside and lower lows will follow. if that's the case I'll hedge the pairs, and when - if the $ downside stops enter a second B-S in all the pairs except the jpy aud: Sell 0.94905 eur: Sell 1.32177 gbp: Sell 1.55479 nzd: Sell 0.79262 cad: Buy 1.02261 chf: Buy 0.94749 jpy: Buy 96.046 es: a rally ? then decline to the Claims: lower L than last Thur ??? base ? then a new rally ? or rallies Friday ? jun 12 Sell 2 ES 1633.00 C $168.76 jun 12 Sell 2 ES 1630.75 C $618.76 jun 12 Sell 2 ES 1626.25 C $718.76 jun 12 Sell 2 ES 1616.75 C $93.76 jun 12 Buy 2 ES 1613.50 C $143.76 gc: Sell 1387.81 .................. cl: still think it'll drop ng: still looking for 3.6 ................. notes: just started using a 30 min chart on the es, a tf I've never used before quite like it. more definition to the price waves, sort of a relaxed tf and speedier of course than the 60