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Welcome to the best month of the year.
Never give up, never surrender.
More fireworks than normal this 4th July as we
have EcB and NFP thursday and the big Bradley
next monday on 7th July.Never give up, never surrender.
My Cable short at 1.71 is the first part of a multi part trade
that there seems no hurry to build. I think 1.73 is possible
into the end of july, hence the caution.Bulls have a chance of higher highs in major stock markets in
the US and Dax and Ftse so that situation can be left to show
it’s hand. Next monday I will look to start trading again.So I get the rest of the week off 🙂
Never give up, never surrender.
Every week, almost every day, we get rose tinted data about
jobs, housing, construction etc etc.What is missing and is hardest to fake is a real broad based
rise in household incomes.Without this stocks are overvalued as they front run, a real
return to growth and earnings, which never arrive, imho.Never give up, never surrender.
Ftse current hod touched a down channel with two other
recent minor peaks …. interesting place to halt.All in all EcB + NFP was a damp squib, so far atleast.
Short Ftse 6860, no advice etc as it may be a first
of many entries, like the Cable short is, fwiw.Let’s what the holiday happy yanks do 🙂
Never give up, never surrender.
TV has Dow hits 17000 for the first time ever.
Dax over 10000 again.
Wow, what a great job those countries leaders have
done to pull their peoples out of the credit
crunch nightmare ( having created it ).Happy holidays, make mine a large glenlivet and
leave the bottle 😉Never give up, never surrender.
Re Ftse short at 6860 … I am only expecting a small
profit from this and will look to move stops to b/e
and then lockin a small profit, this morning.If we drop like a rock, then that will be great but
it is more likely the lod is this morning and we
may put in the hod this afternoon.I am looking for a bigger drop nextweek, fwiw.
Never give up, never surrender.
Out for +1pt on my Ftse short as my stop was
moved a.s.a.p. as per the plan.I will re-enter short at a higher level but
timing unclear, fwiw.Never give up, never surrender.
Ftse short at 6870 to be run into next week.
See ya then.
Never give up, never surrender.
Not a good idea to think too far ahead in our current
world with all it’s wars and finacial clowning but I
still think we see weakness nextweek or atleast a
window of chance for it. However, that window is
only mon-thur and then the risks of higher come
into play before chaos erupts around mid july.Seat belts(stops and good margin) are required.
Never give up, never surrender.
Ftse short at 6870 to be run into next week.
A winning trade, move stops, not sure we see much lower
than 6800 but you never know.Never give up, never surrender.
Ftse short at 6870 to be run into next week.
Stop moved to protect +40pts ie 6830 which will most
likely go anytime now.Next big trade for me will be a week from now when
we should know enough to trade normal size again.Never give up, never surrender.
Closed at 6820 for a nice 50pts … busy today so atleast
this will not be a distraction.Never give up, never surrender.
Excellent trade Cim.
You are so right about trade size also, it just cannot be increased in the current QE dipsters market.
Nice drop in Europe today across the board.
However it was nice to see DAX lose the 10kk in style yesterday.
However as per the QE normal, what stops it all bouncing back?
SYSTEMS wise we are again at a point where we can get good intraday negative prints but the problem is the QE dipsters just buy the negative back so in net effect if you are not a day trader, there is nothing to be made but everything to be lost holding shorts.
The day the SYSTEMS which concur downside should stick, make the market fall, is the time for me to think it may be real.
Lets see if it does
Plan your trade, trade your plan!
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