Monday, June 22, 2009
Prospect Theory in full color
Maybe one day there will be a pill to pop before taking trades to help better manage risk. For now, we still struggle with our emotions in risking money. Damn the amygdyla, the bane of our brains =)
Thursday, June 18, 2009
Cover GU++ Buy GU
Markets have made an outside reversal. Took the second short on GU and am now seeking a return to yesterdays range.
Sell GJ++
Taking profits here on GJ. Probably will see 160 but I am biased short as we are well below the highs of the day. Will look to re-enter long again during Tokyo. Feeling ok with GU short and will add if we see higher prices from here.
GJ bigger picture
Markets have been sludgy all NY session because of expected Bernie speak in the PM. This market pause has given me a chance to look at some bigger picture charts. Looks like the sub 156 area is really big support on the 100 CRB chart. And if we get a bounce here it should reach all the way back to 160ish. That would complete a head and shoulder, which in turn would create a very logical place to re-enter the swing short again.
Let's see what happens...
Wednesday, June 17, 2009
Short GU
GU seems to be the leader into the NY open. Expect a massive spike one way or the other with Bernake on tap.
Buy GJ
Cleared out my short swing on GJ++ Was not the cleanest of runs but I will take my 300 pips gladly.
Buying small here. 1st buy during London, 2nd on the open of NY. Am looking for a retracement to re-enter on a short setup at the lower range of London prices.
Tuesday, June 16, 2009
Sell GU++
This damn google chrome browser is giving me the shits. Took 35pips on the GU long. Was looking for new HOD but it didn't come yet. GJ and EU shorts still on looking for new lows this week.
Subscribe to:
Posts (Atom)