Friday, January 6, 2012

Gold



Expect a backtest to the main line... just wondering if we get the right shoulder for an inverse move higher?

Friday, December 9, 2011

Wash



Time to take this small short out... there were some trades in and around this position but for now this is ok.

Thursday, November 24, 2011

Euro



Seems to be some support in here...

1155





adding to 50% of max size here.

There's a chance we see 1145. I will go long there... but I will dance close to the door at that point.




Wednesday, November 23, 2011

Tuesday, November 22, 2011

Monday, November 21, 2011

Nov. 21 update





Taking some gold off here at 1693 + 94 points.




Taking half ES off here 1186 + 70 points.

Thursday, November 10, 2011

Wednesday, November 9, 2011

Update












Covering half December ES (1223) +32 on 25% and going slightly long March ES...



Gold holding (wide stops) - half position.

USD H&S complete
















Monday, November 7, 2011

Sunday, November 6, 2011

Short ES - 1250's

Head and Shoulders with the 1258 area being very resistive...
and a failed megaphone?



*edit* Taking some 37's off + 15








USD




H&S?


ready to launch ?

Wednesday, September 7, 2011

adding 1183




probably the last add in here....


*edit* looks like 1185 broke so we got stopped here.

So, in summary - 90 points on 40% of size and 20 points on a full position.

Tuesday, September 6, 2011

Adding some more in here....



1172.



Probably don't want to see a close above 1185.... Average price is now around 1200 with 90 points locked in.

Back in...



1162

Monday, September 5, 2011

Friday, August 26, 2011

The Plot Thickens...



Yes, it's been a while. Going to try and post more as we head into muddy waters of the fall trading period.

Thursday, March 31, 2011

Pullback


The "pullback" everyone was waiting for was relatively quick, which means trend continuation is probable. We also formed an inverse H&S on the retracement with ~1280 as the neckline. We'll see what happens with this trendline. We either continue to grind higher or we come off in large batches...

Monday, March 28, 2011

Double Top in Gold?

Converging trendlines and a retracement in the ES - too obvious? - Covering 1275 and shorting 1315 - +40. *edit* 10 points in I took 30% off... Stopped for the rest at evens plus a tick.
The more I look at his gold chart, the more it's telling me top. I see a double top with each separate top consisting of a head and shoulder's pattern... The question remains - is all current information priced in... or, is the central bank shopping spree over? Gold needs to hold the green line around 1405 and close above 1430 or it could signify a trend change. Closing below 1365 would be a game changer.

Sunday, March 20, 2011

Gold and the Market



A couple of good rollover shorts - see charts below...


Now though - looks like Gold is going higher... the pullback was to a bullish spot as I mentioned in the prior post.



The ES could pullback to the 1257 area and form an inverse H&S. I would be surprised if we went below 1260 ... with the USD losing support and the bonds continuing on their trend along with oil and silver, the market looks to go higher.



Long in here -1275 - with a parital stop at 6 points... will trail up the rest.


Thursday, March 10, 2011

Gold's run

On an intermediate term basis, I would say any retracement would yield the following sentiment:

1380 - bullish
1370 - neutral
1360 - bearish