Uncle's Trading Journal

Discussion in 'Journals' started by Uncle, Apr 1, 2011.

  1. Uncle

    Uncle

    added another 50k at 1.4830 now running a 700k position.. will hold for a little while longer.. feels like things are going out of whack.. targeting 1.48?
     
    #271     May 3, 2011
  2. Uncle

    Uncle

    closed out all 1.4840.. silver stabilizing.. will look to reshort at higher levels
     
    #272     May 3, 2011
  3. Uncle

    Uncle

    re-entered short 1.4837
     
    #273     May 3, 2011
  4. Uncle

    Uncle

    feels like things are really shaky.. although equities are stabilizing silver is too.. think there is a good chance that things resume the fall.. but if turn around it will be quick.. so plan is to hold till end of day.. stop at 1.4845 and switch long over 1.4850
     
    #274     May 3, 2011
  5. Uncle

    Uncle

    let's call this set up fish on land flap.. every once in a while the fish will get away and bounce back into the water.. but most of the time it will end up on a pan..
     
    #275     May 3, 2011
  6. Uncle

    Uncle

    out all at 1.4826 -- spooked by the S&P and Silver rebounds.. will re-enter a little higher or if it resumes downfall a few pips lower..
     
    #276     May 3, 2011
  7. Uncle

    Uncle

    equity market holding up still as is silver.. almost want to take a long but going to wait for a pop and go short..

    Edit: spot at 1.4830
     
    #277     May 3, 2011
  8. Uncle

    Uncle

    as i was typing EUR just took a dive now down at 1.4825.. a little confusing.. rest of the world is pulling together..

    edit went sub 1.4820 and now back 1.4827.. very erratic again..
     
    #278     May 3, 2011
  9. Uncle

    Uncle

    I took a short at 1.48245 and then close out and reversed 1.4829.. wish I just stood on the sidelines.. absolutely not in sync with this market..
     
    #279     May 3, 2011
  10. Uncle

    Uncle

    ok silver taking a turn also to the upside -- but S&P leveling off.. arghh.. and now EUR turning back down?

    getting out of everything butchered my account on what started off as a good trade.. top account value was 22,200 but in an out of trades and bid offer killed me
     
    #280     May 3, 2011