Tuesday, February 10, 2009
Sunday, February 8, 2009
WEEKEND SUMMARY
WEEKLY SUMMARY and SUBMISSIONS
Weekly and Monthly levels are always less accurate but close enough to use daily technical's to tune the final levels.
sp500 e mini -
Weekly trend is still down (only just though) a break in 878 will see a weekly high level of 900.5 no more. on the downside 852 is sensitive area and any break below this and closes! below this 777 is very likely. The other level i have is 748.5 its a serious move but under the current situation anything is possible and while weekly trend is down we have to follow through with the momentum.
DOW -
Weekly trend is still down and although 7850 is strong point of support , if this is broken then 7450 is very likely or lower. Upside is 8480 as a resistive area
Expectation is the weekly to follow through tot he downside so expect some more bad news of sorts to unleash the bears again.
STOXX -
Weekly trend did break here to the long side , caution as my calculations show its right on the button here of resistance so im waiting for a daily entry and ride the move ... based on the US markets down side this may be a false break here to the upside and once again we see a downward spiral. upside resitance 2410. downside weekly if fail occurs 2150
GOLD -
Weekly is still in up trend and levels here are close to another weekly high being taken out ... watch for the break of 939 . if a fail occurs this week Gold will be sold down to at aleast 860.
Silver -
Weekly trend is a strong uoward drive. However all good things must come to end at some point, silver is very very close and unless a break in the high this week , as Gold then expect a sell off.
Soybeans -
Weekly trend is about to break this week to upside , not quite , watch for the 970 area if beans fall below this then weekly trend is going to continue down to 936 area initially.
Wheat -
weekly trend is
Weekly and Monthly levels are always less accurate but close enough to use daily technical's to tune the final levels.
sp500 e mini -
Weekly trend is still down (only just though) a break in 878 will see a weekly high level of 900.5 no more. on the downside 852 is sensitive area and any break below this and closes! below this 777 is very likely. The other level i have is 748.5 its a serious move but under the current situation anything is possible and while weekly trend is down we have to follow through with the momentum.
DOW -
Weekly trend is still down and although 7850 is strong point of support , if this is broken then 7450 is very likely or lower. Upside is 8480 as a resistive area
Expectation is the weekly to follow through tot he downside so expect some more bad news of sorts to unleash the bears again.
STOXX -
Weekly trend did break here to the long side , caution as my calculations show its right on the button here of resistance so im waiting for a daily entry and ride the move ... based on the US markets down side this may be a false break here to the upside and once again we see a downward spiral. upside resitance 2410. downside weekly if fail occurs 2150
GOLD -
Weekly is still in up trend and levels here are close to another weekly high being taken out ... watch for the break of 939 . if a fail occurs this week Gold will be sold down to at aleast 860.
Silver -
Weekly trend is a strong uoward drive. However all good things must come to end at some point, silver is very very close and unless a break in the high this week , as Gold then expect a sell off.
Soybeans -
Weekly trend is about to break this week to upside , not quite , watch for the 970 area if beans fall below this then weekly trend is going to continue down to 936 area initially.
Wheat -
weekly trend is
Friday, February 6, 2009
TESTING THE METAL
sp500 emini - sp500 been a little hard to understand, it is clearer now in that daily has confirmed and weekly looks like its going to finally give a upward trend. Ill be posting summaries to verify the weekly trend and see if the emini is actually going to rally.
Position is still long and holding Friday was an excellent rally day and really not much to do as yet until i get my weekly calculations finished for levels.
Dow - well no sell off , but thankfully still holding it , this is why its important to still have expectations but follow what you see in front of you, just because you expect a sell and a buying signal opportunity comes up , follow your rules... this trade was only meant to be small , now its turning out to be a solid gain.
Still holding long position.
stoxx - Eurex - well this was a surprise , finally breaking the top here, i was very cautious here in case a sell off became the major trend.. however USA markets indicies saved the day with a great rally - still holding long
Gold - Gold was giving us a preemption for index's to rally but i don't like correlating markets, each market has to be judged on it own merit.
Sell at 917 i reduced the contract allocation due to the uncertainty and trend is till strongly up however a valid signal has come up and its always worth a shot !
Silver - Nothing really to do here , rallied again and looks great. protective stop in place
Soybeans - Yes 1000 hit and a touch over in price , taken 1/2 out and look to see levels now as to where beans can go OR another sell down. This market may get like wheat has been and track sideways but ill see what my overall levels show.
Wheat - mmh not really good , not really bad either however as i stated the wheat market is difficult at the moment. I think this market will be the 1st loss for February as it doesn't seem to be following through. time will tell
Crude oil - Sometimes the market gives you a second chance and this case it did just that, buy at 44.05 and conformed a great rally not too long rally. profit stop in and wait and see
EURUSD - forex - oh well stopped out 1.2857 , i am now flat here
GBPUSD - forex - Pound is running very nicely - 1.4807 was hit and ran through this quite well, so all long positions were closed and a reverse funny enough at 1.4807 , lets see how it performs Monday.
Some great setups today and levels have been very close , the system i use is not perfect but can give some very accurate results with profits following.
Weekend summary posting soon.
Position is still long and holding Friday was an excellent rally day and really not much to do as yet until i get my weekly calculations finished for levels.
Dow - well no sell off , but thankfully still holding it , this is why its important to still have expectations but follow what you see in front of you, just because you expect a sell and a buying signal opportunity comes up , follow your rules... this trade was only meant to be small , now its turning out to be a solid gain.
Still holding long position.
stoxx - Eurex - well this was a surprise , finally breaking the top here, i was very cautious here in case a sell off became the major trend.. however USA markets indicies saved the day with a great rally - still holding long
Gold - Gold was giving us a preemption for index's to rally but i don't like correlating markets, each market has to be judged on it own merit.
Sell at 917 i reduced the contract allocation due to the uncertainty and trend is till strongly up however a valid signal has come up and its always worth a shot !
Silver - Nothing really to do here , rallied again and looks great. protective stop in place
Soybeans - Yes 1000 hit and a touch over in price , taken 1/2 out and look to see levels now as to where beans can go OR another sell down. This market may get like wheat has been and track sideways but ill see what my overall levels show.
Wheat - mmh not really good , not really bad either however as i stated the wheat market is difficult at the moment. I think this market will be the 1st loss for February as it doesn't seem to be following through. time will tell
Crude oil - Sometimes the market gives you a second chance and this case it did just that, buy at 44.05 and conformed a great rally not too long rally. profit stop in and wait and see
EURUSD - forex - oh well stopped out 1.2857 , i am now flat here
GBPUSD - forex - Pound is running very nicely - 1.4807 was hit and ran through this quite well, so all long positions were closed and a reverse funny enough at 1.4807 , lets see how it performs Monday.
Some great setups today and levels have been very close , the system i use is not perfect but can give some very accurate results with profits following.
Weekend summary posting soon.
Swings and Roundabouts
Again we are seeing a swing up and swing down scenario - frustrating and can very dangerous for traders as losses can quickly add up. So far the portfolio is positive and no losses as yet but with this type of scenario we will get caught So minimizing the loss and assessing the risk is a MUST
sp500 emini - 807 did not trigger and we have been stopped , emini is trying to find momentum either way - the mathematics i use still suggest weekly is downward; daily will follow.
stopped at 829.25 and revered position with a lighter position on - trend is still down. Buy at 829.25. Holding for Fridays move , I'm still expecting another sell here something should should cause the market to sell off again.
DOW - well DOW was kind - it made a low of 7799- not bad hey ! bought and reversed position at 7800 nearly perfect 1 tick . holding position with locked in profit stop .. this still has potential to sell off for Friday .. wait and see
STOXX - add to (pyramid) on top our position as setup was good sell off with a nice entry. holding position 2327 high has not broken , expect weakness and therefore a possible sell today
GOLD - still struggling to rally 926 was the high, 929 was our target , a little shy off our mark. However profit stop hit and all out at 920.5 we are flat , gold mathematics on price movement has slowed down and a technical sideways move is apparent.
Silver - Still holding Silver on a buy position - seems to be caching up to Gold's last few days of upward pressure.
Soybeans - has done exactly as predicted and followed through with a huge rally, 1000 is a human point of interest and at this stage my level also suggest a sticking point in Resistance.
wheat - buy at 552.25 a attentive buy as risk is still high and wheat's lack of direction isn't worth committing large contract numbers - profit stop in
Crude Oil - annoyed with myself - had a long entry here at 44.04 but risk was too high and trend Daily is still trying to confirm. 1st mistake but no loss -
EURUSD - low was 1.2746 a little shy from my level of 1.2710 - as stated the sell off just confirms my math on price and pressure is spot on here ill wait to see if a target price is hit for Friday. Stop is tight now don't want to give up this nice sell.
GBPUSD - great news here met our target and finished strongly 1/2 position sold out and waiting for ideal setup level past 1.4807 . we may get a reversal Friday as again it may get very close but not touch the level.
This trading journal is meant to give an idea of ADV Symmetrics and capability of running a portfolio. So far a great start but like any system can and will incur a loss. Careful money management and risk allocation is paramount to surviving market losses.
sp500 emini - 807 did not trigger and we have been stopped , emini is trying to find momentum either way - the mathematics i use still suggest weekly is downward; daily will follow.
stopped at 829.25 and revered position with a lighter position on - trend is still down. Buy at 829.25. Holding for Fridays move , I'm still expecting another sell here something should should cause the market to sell off again.
DOW - well DOW was kind - it made a low of 7799- not bad hey ! bought and reversed position at 7800 nearly perfect 1 tick . holding position with locked in profit stop .. this still has potential to sell off for Friday .. wait and see
STOXX - add to (pyramid) on top our position as setup was good sell off with a nice entry. holding position 2327 high has not broken , expect weakness and therefore a possible sell today
GOLD - still struggling to rally 926 was the high, 929 was our target , a little shy off our mark. However profit stop hit and all out at 920.5 we are flat , gold mathematics on price movement has slowed down and a technical sideways move is apparent.
Silver - Still holding Silver on a buy position - seems to be caching up to Gold's last few days of upward pressure.
Soybeans - has done exactly as predicted and followed through with a huge rally, 1000 is a human point of interest and at this stage my level also suggest a sticking point in Resistance.
wheat - buy at 552.25 a attentive buy as risk is still high and wheat's lack of direction isn't worth committing large contract numbers - profit stop in
Crude Oil - annoyed with myself - had a long entry here at 44.04 but risk was too high and trend Daily is still trying to confirm. 1st mistake but no loss -
EURUSD - low was 1.2746 a little shy from my level of 1.2710 - as stated the sell off just confirms my math on price and pressure is spot on here ill wait to see if a target price is hit for Friday. Stop is tight now don't want to give up this nice sell.
GBPUSD - great news here met our target and finished strongly 1/2 position sold out and waiting for ideal setup level past 1.4807 . we may get a reversal Friday as again it may get very close but not touch the level.
This trading journal is meant to give an idea of ADV Symmetrics and capability of running a portfolio. So far a great start but like any system can and will incur a loss. Careful money management and risk allocation is paramount to surviving market losses.
Thursday, February 5, 2009
TRUST WHAT YOU SEE IN FRONT OF YOU NOT WHAT YOU THINK YOU HEAR !
Sorry for the delay had some technical problems getting this up in a timely manner, onto the markets.
sp500 emini - are buy was short lived as expected emini could not hold it self against the weekly trend , don't be surprised to see the sp500 emini drop again.
anyway exit long position at 847.75 with a reverse sell here at 848 and 847.75 split fill. expect 807.5 tonight or tomorrow for profit target. stop locked if for profit
Dow - worth the weight in DOW ! - sell again ! at 8102 great ride and see how far this will fall , expected level to profit from will be - 7800 even or a Little more for Friday or Monday - stop locked in for profit
stoxx - Eurex - careful careful - nothing to do here yet , today waiting for conformation of reverse , mathematics are suggesting a possible sell again , no follow through and I'm am cautious here.
Gold - so here Gold we reversed position we just missed our Target Price and this was a indicator to tell us rally is likely - not to mention the Strong weekly , daily trend.
Buy stop hit at 905ish... buy position was at 898 even , low risk and with trend and momentum - 929 is a target area however this may go further , need some confirmation that Gold is ready for another large run upwards.
Silver - stopped 1245 , not much profit but it was worth waiting to see if silver would sell off. buy at 1233 and holding nice move not long after , finally silver is reacting to gold's pressure on the upward side.
Soybeans - Again close levels to where my math was projecting too. beans did not break 930 and quick turn from 940.25 saw a reverse position . all out of shorts at 940.25 . Long at 940.5
as stated before the be and market may try to rally 3 days and try very hard to break weekly pressure which is still down.
Wheat - flat still range is small risk is high of being stopped out repeatedly why do it ? wait for the best opportunity to profit . well see Thursday levels may prove to be beneficial
Crude oil - amazing isn't it price of petrol/gas should be much lower oil has hardly moved- yet I've noticed a serious price hike again ... we are truly being duped!
well stay flat here - expectation of oil is stuck between my two levels and that means wild swings like Wednesday's trading.
EURUSD - forex wow , a real change again , weekly pressure is still too much, revered position at 1.3000 after several attempts to break the upper level highs , now short and looking for another down ward swing to 1.2710 lets see with 1.2669 being a ideal level for me.
GBPUSD - forex 1.4550 was broken quite strongly - so we are holding and looking for initially 1.4640 as a 1/2 position and 1.4807 as an ideal area to reverse but we will see how far the daily pushes Thursday.
looks good and a nice turn around from the stop which had taken a lot of profit away.
every weekend ill summarize positions and give an extensive outlook to weekly and monthly levels ( YES i can go out that far and still be accurate )
sp500 emini - are buy was short lived as expected emini could not hold it self against the weekly trend , don't be surprised to see the sp500 emini drop again.
anyway exit long position at 847.75 with a reverse sell here at 848 and 847.75 split fill. expect 807.5 tonight or tomorrow for profit target. stop locked if for profit
Dow - worth the weight in DOW ! - sell again ! at 8102 great ride and see how far this will fall , expected level to profit from will be - 7800 even or a Little more for Friday or Monday - stop locked in for profit
stoxx - Eurex - careful careful - nothing to do here yet , today waiting for conformation of reverse , mathematics are suggesting a possible sell again , no follow through and I'm am cautious here.
Gold - so here Gold we reversed position we just missed our Target Price and this was a indicator to tell us rally is likely - not to mention the Strong weekly , daily trend.
Buy stop hit at 905ish... buy position was at 898 even , low risk and with trend and momentum - 929 is a target area however this may go further , need some confirmation that Gold is ready for another large run upwards.
Silver - stopped 1245 , not much profit but it was worth waiting to see if silver would sell off. buy at 1233 and holding nice move not long after , finally silver is reacting to gold's pressure on the upward side.
Soybeans - Again close levels to where my math was projecting too. beans did not break 930 and quick turn from 940.25 saw a reverse position . all out of shorts at 940.25 . Long at 940.5
as stated before the be and market may try to rally 3 days and try very hard to break weekly pressure which is still down.
Wheat - flat still range is small risk is high of being stopped out repeatedly why do it ? wait for the best opportunity to profit . well see Thursday levels may prove to be beneficial
Crude oil - amazing isn't it price of petrol/gas should be much lower oil has hardly moved- yet I've noticed a serious price hike again ... we are truly being duped!
well stay flat here - expectation of oil is stuck between my two levels and that means wild swings like Wednesday's trading.
EURUSD - forex wow , a real change again , weekly pressure is still too much, revered position at 1.3000 after several attempts to break the upper level highs , now short and looking for another down ward swing to 1.2710 lets see with 1.2669 being a ideal level for me.
GBPUSD - forex 1.4550 was broken quite strongly - so we are holding and looking for initially 1.4640 as a 1/2 position and 1.4807 as an ideal area to reverse but we will see how far the daily pushes Thursday.
looks good and a nice turn around from the stop which had taken a lot of profit away.
every weekend ill summarize positions and give an extensive outlook to weekly and monthly levels ( YES i can go out that far and still be accurate )
Tuesday, February 3, 2009
TOPSY TURBY DAY -
Well interesting results : the markets seem to be really quite choppy last night , some markets did as expected others really tried hard to break the momentum - the changes seemed to occur midway through the day for whatever reason ill stick to the plan and say until the levels confirms Mondays outlook will remain the same.
Sp500 emini - exit all shorts at 820 and reversed position buying at 820.25 - high risk therefore low allocation of contracts, wait and see if the rally can break weekly.
Dow - well i thought for a while there end of day 1.30pm that 7970 was going to hold BUT not and therefore we are flat on the Dow with some good locked in profit. Patience here DOW tends to show different setup to the Sp500.
stoxx - Eurex - great rally up and hit the 1st target level quickly at 2270 JUST OVER 100Pt's. holding position with half the amount.
Gold - rally was short lived and another sell off the - 884 not hit but very close low was 890.5 so again lock in stop for profit and wait and see, the mathematics here are still pressing for the price but Wednesday is probably the last day it can do this in before another rally on Gold occurs.
Silver - well as i said yesterday lacks conviction to move with Gold - still possible to hit the level of 1193.5.
Soybeans - half position exited on open , level exceeded , nice sell off today ... note ( the close was 946.50 ) this was 0.5 off my calculated level from 3 days ago so the real test will be based on the ability to rally from such a huge sell off. stop locked in for profit - if 930 is broken expect a serious sell off again on beans.
Wheat - mmmh as i said tricky due tot he lack lustre price movement, taken profit at 563 and then stopped out 560 locking in the final profit, wheat is flat ... trend is still down and id expect something tomorrow to setup.
Crude oil - YES , YES AND YES .. 43.76 was the low profit take at the projected price of 43.80 very nice - i am very cautious here now as Crude can rally from here , crude really tried hard to break lower but the sideways price and timing held suggesting buyers ... be very interesting to see what happens - holding half the position with profit stop to cover in case of rally past my point.
EURUSD - forex - well very nice rally again matched nearly perfectly to the projected price levels. profit taken at 1.30 as stated yesterday. Also as a note we did have an add to ( pyramid at 1.2824) not bad - stop just in case
GBPUSD - forex - well this is not so nice , still good but stopped at 1.4201 and reversed position to a buy at 1.4205 and still holding. this is still against the man trend and I'm really having to adapt to the change , rules gave me a change but it was unexpected .. however if 1.4550 is not broken for Wednesday id say he have another great selling opportunity setup back towards the 1.4000 mark but i will update this later.
Fear is swelling in the ranks of the market guru's they really have no idea as to what to do now ... basically using the mathematics and rules i am confident the next two years will see a huge windfall - already in some of my other trades in spread commodities some serious gains have been made , i wont post these as it gives away my entry / exit system something I'll keep to myself.
Sp500 emini - exit all shorts at 820 and reversed position buying at 820.25 - high risk therefore low allocation of contracts, wait and see if the rally can break weekly.
Dow - well i thought for a while there end of day 1.30pm that 7970 was going to hold BUT not and therefore we are flat on the Dow with some good locked in profit. Patience here DOW tends to show different setup to the Sp500.
stoxx - Eurex - great rally up and hit the 1st target level quickly at 2270 JUST OVER 100Pt's. holding position with half the amount.
Gold - rally was short lived and another sell off the - 884 not hit but very close low was 890.5 so again lock in stop for profit and wait and see, the mathematics here are still pressing for the price but Wednesday is probably the last day it can do this in before another rally on Gold occurs.
Silver - well as i said yesterday lacks conviction to move with Gold - still possible to hit the level of 1193.5.
Soybeans - half position exited on open , level exceeded , nice sell off today ... note ( the close was 946.50 ) this was 0.5 off my calculated level from 3 days ago so the real test will be based on the ability to rally from such a huge sell off. stop locked in for profit - if 930 is broken expect a serious sell off again on beans.
Wheat - mmmh as i said tricky due tot he lack lustre price movement, taken profit at 563 and then stopped out 560 locking in the final profit, wheat is flat ... trend is still down and id expect something tomorrow to setup.
Crude oil - YES , YES AND YES .. 43.76 was the low profit take at the projected price of 43.80 very nice - i am very cautious here now as Crude can rally from here , crude really tried hard to break lower but the sideways price and timing held suggesting buyers ... be very interesting to see what happens - holding half the position with profit stop to cover in case of rally past my point.
EURUSD - forex - well very nice rally again matched nearly perfectly to the projected price levels. profit taken at 1.30 as stated yesterday. Also as a note we did have an add to ( pyramid at 1.2824) not bad - stop just in case
GBPUSD - forex - well this is not so nice , still good but stopped at 1.4201 and reversed position to a buy at 1.4205 and still holding. this is still against the man trend and I'm really having to adapt to the change , rules gave me a change but it was unexpected .. however if 1.4550 is not broken for Wednesday id say he have another great selling opportunity setup back towards the 1.4000 mark but i will update this later.
Fear is swelling in the ranks of the market guru's they really have no idea as to what to do now ... basically using the mathematics and rules i am confident the next two years will see a huge windfall - already in some of my other trades in spread commodities some serious gains have been made , i wont post these as it gives away my entry / exit system something I'll keep to myself.
Monday, February 2, 2009
Start the engines
Monday 2nd of February 2009 has started with some perfect setups.
I will condense the trades here next day as I'm giving the reader an idea of style of trading and principle application
ENTRY Sp500- emini had given a sell at 875 even on the 30-1-09 - daily level confirmed intra-day trade, change in trend to down side again.
EXIT Daily downside profit target was 809 so exiting of halve the number of contracts and stop placed to protect in case of possible rally.
OUTLOOK for next day , daily suggest more down side and weekly confirming
Weekly Trend is down and therefore any selling opportunities are hit hard and held longer, buying entries have a reduced contract as the risk is higher.
EXIT weekly Target was hit triggering a sell of halve the position at 7873 , still holding down side move , Dow should not break 7970.
OUTLOOK daily is still down trend and likely move will follow sp500. In saying this Tuesday/Wednesday will be critical to see if the market can turn and rally , so I'm cautious to upside , waiting for weekly to confirm.
Weekly Trend weekly level form the high gave 7873 as a likely turning point 3 weeks ago. trend is still down , however this week may give us the change to rally for a few weeks
ENTRY stoxx 1-27-09 just finished a dead cat bounce probably caught out a lot of traders, however symmetrics picked up a great sell at 2340 - scary because it was close the end of the market close but exciting as weekly and daily lined up perfectly. From here we caught the whole run daily trend confirmed longer term move to approx 2163 and here we entered a long position - a complete all out of short and all into a long position.
EXIT current long position is short term as the weekly is still in a down trend , stop set locked in profit will see what happens tonight.
OUTLOOK - as with the DOW , we are looking for a possible break this week to the upside.
Weekly Trend weekly level was hit and therefore rally for possible change in direction / trend to the upside 2450 is a likely point at this stage.
ENTRY Gold Likely to be the most stand out for January and February, Gold has given some great entries and large gains in very short spaces of time. when the markets( index;s) are volatile and news is bad gold is sought as haven and thus large swings occur as traders and insto's position themselves. entry sell on 930.5 - careful as daily and weekly trend are both long.
EXIT position take profit will be around 884 for Tuesday or Wednesday with halve out , holding the rest with a stop to lock in profit
OUTLOOK weekly is trend up and daily is suggesting a possible sell off and change in weekly , realistically we have to wait till the week is over Friday close to determine if the trend has confirmed
Weekly Trend Weekly trend is up so positioning of contracts is lighter on the sell side.
ENTRY Silver entry Sell at 1262 , again Silver has followed gold but lacks the conviction of Gold's move.
EXIT 1193.5 is the target area for silver expectation Tuesday / Wednesday as well as confirming trend direction
OUTLOOK daily trend still up and this potential change will confirm tonight
Weekly Trend weekly is still in a up trend and patience to see if the market will change this week
ENTRY Soybeans lovely entry short at 1036 has quickly given a nice locked in profit, daily trend is down and has been since January.
EXIT target profit take was at 946 even again halve the amount of contract taken and holding stop to lock in profit.
OUTLOOK the daily is still down however expectation is a small rally , any long positions will be reduced allocation on contracts due to higher risk assessment against the trend.
Weekly Trend weekly trend is down and has not given any indication of slowing down, expect a small rally of 1 week to 3 weeks that's it . approx level should be 1000
ENTRY Wheat gave a reversal of trade from the high sell to a current buy signal. buy 553.25 level - remember reduced allocation due to risk against the trend of daily and weekly.
EXIT profit target 563 with 581.5 being a possible turn down and continuation of trend.
OUTLOOK a little tricky here, the daily and weekly are down however an entry long is present , I'm not expecting a lot form this trade but you never know something may scare the market or entice it to move wheat has been very dull
Weekly Trend -down and down :) any rally is met with large sell offs.
ENTRY Crude Oil well according to all the experts it should be at $$ 200 a barrel well its not ! ... as usually misleading scaremongering tactics have proven to nail traders. Symmetrics picked the high and change in trend in oil perfectly-
this is a little more complex ready - entry 50 .50 with a take profit at 45.26 , then an add to (pyramid trade) selling again while holding the initial position at 47.80 holding short position 2 lots of positions looking for downward move again to match the 43 mark.
EXIT 43.80 was my take profit area , however did not quite reach it so I'm a little cautious about a rally will lock in stop if no real direction occurs tonight. only half the allocation will be taken as daily and weekly look very strong for downward move on oil.
OUTLOOK daily trend and weekly very strong downward pressure, technically we have a bottom here but it looks like the time will provide another sell off.
Weekly Trend weekly trend is down , don't be surprised to see $40 / barrel again test
ENTRY EURUSD - forex entry long at 1.2721 again not a convincing upward move however watching daily and weekly for a possible change.
EXIT approx 1.3000 as a target area for Tuesday or Wednesday
OUTLOOK possible break to an upward trend this week and followed closely with a weekly , euro is really trying to avoid the downside price of 1.2500
Weekly Trend - weekly is down , euro just cannot break its slide... this area of 1.27 may be the holding point for February BUT ill update this as i get better readings on my calculations
ENTRY GBPUSD - forex all i can say here its been short for long time .. since the $2 mark again good entries from all time highs. last entry point 1.4530 a touch off the high, however still a decent entry. we have seen a great reaction from here continuing the trend of daily an weekly.
EXIT looking for 1.3890 for profit target
OUTLOOK this may be the last re test of the low here before a decent rally occurs finally , I'm sick of selling :)
Weekly Trend - weekly is still strongly down , however it is showing signs of holding and then possible weekly turn... but the weekly is till down on my system so I'm trusting it 100%
NOTE : due to the nature of the software i designed i cannot as yet run large market portfolios meaning i cannot run 40 markets at the same time. however what i am able to do is run 10 markets in a portfolio and show what Advanced Symmetrics / Jarmmetrics is capable of; also to keep a track of my trades and potential ones. The strategies allow me to trade in any type of market and any time frame, yes one set of rules for many types of markets - Yes it works on equities as well. I'm hoping soon to show some equities markets OR take suggestions from people as to any outlook on favorite stocks
I will condense the trades here next day as I'm giving the reader an idea of style of trading and principle application
ENTRY Sp500- emini had given a sell at 875 even on the 30-1-09 - daily level confirmed intra-day trade, change in trend to down side again.
EXIT Daily downside profit target was 809 so exiting of halve the number of contracts and stop placed to protect in case of possible rally.
OUTLOOK for next day , daily suggest more down side and weekly confirming
Weekly Trend is down and therefore any selling opportunities are hit hard and held longer, buying entries have a reduced contract as the risk is higher.
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ENTRY Dow - interesting the entry in Jan at 9010 gave a very long run down to 7909 now another entry holding short from - sell 8140 daily tend is short however congested. Stop placed to lock in profit.EXIT weekly Target was hit triggering a sell of halve the position at 7873 , still holding down side move , Dow should not break 7970.
OUTLOOK daily is still down trend and likely move will follow sp500. In saying this Tuesday/Wednesday will be critical to see if the market can turn and rally , so I'm cautious to upside , waiting for weekly to confirm.
Weekly Trend weekly level form the high gave 7873 as a likely turning point 3 weeks ago. trend is still down , however this week may give us the change to rally for a few weeks
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ENTRY stoxx 1-27-09 just finished a dead cat bounce probably caught out a lot of traders, however symmetrics picked up a great sell at 2340 - scary because it was close the end of the market close but exciting as weekly and daily lined up perfectly. From here we caught the whole run daily trend confirmed longer term move to approx 2163 and here we entered a long position - a complete all out of short and all into a long position.
EXIT current long position is short term as the weekly is still in a down trend , stop set locked in profit will see what happens tonight.
OUTLOOK - as with the DOW , we are looking for a possible break this week to the upside.
Weekly Trend weekly level was hit and therefore rally for possible change in direction / trend to the upside 2450 is a likely point at this stage.
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ENTRY Gold Likely to be the most stand out for January and February, Gold has given some great entries and large gains in very short spaces of time. when the markets( index;s) are volatile and news is bad gold is sought as haven and thus large swings occur as traders and insto's position themselves. entry sell on 930.5 - careful as daily and weekly trend are both long.
EXIT position take profit will be around 884 for Tuesday or Wednesday with halve out , holding the rest with a stop to lock in profit
OUTLOOK weekly is trend up and daily is suggesting a possible sell off and change in weekly , realistically we have to wait till the week is over Friday close to determine if the trend has confirmed
Weekly Trend Weekly trend is up so positioning of contracts is lighter on the sell side.
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ENTRY Silver entry Sell at 1262 , again Silver has followed gold but lacks the conviction of Gold's move.
EXIT 1193.5 is the target area for silver expectation Tuesday / Wednesday as well as confirming trend direction
OUTLOOK daily trend still up and this potential change will confirm tonight
Weekly Trend weekly is still in a up trend and patience to see if the market will change this week
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ENTRY Soybeans lovely entry short at 1036 has quickly given a nice locked in profit, daily trend is down and has been since January.
EXIT target profit take was at 946 even again halve the amount of contract taken and holding stop to lock in profit.
OUTLOOK the daily is still down however expectation is a small rally , any long positions will be reduced allocation on contracts due to higher risk assessment against the trend.
Weekly Trend weekly trend is down and has not given any indication of slowing down, expect a small rally of 1 week to 3 weeks that's it . approx level should be 1000
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ENTRY Wheat gave a reversal of trade from the high sell to a current buy signal. buy 553.25 level - remember reduced allocation due to risk against the trend of daily and weekly.
EXIT profit target 563 with 581.5 being a possible turn down and continuation of trend.
OUTLOOK a little tricky here, the daily and weekly are down however an entry long is present , I'm not expecting a lot form this trade but you never know something may scare the market or entice it to move wheat has been very dull
Weekly Trend -down and down :) any rally is met with large sell offs.
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ENTRY Crude Oil well according to all the experts it should be at $$ 200 a barrel well its not ! ... as usually misleading scaremongering tactics have proven to nail traders. Symmetrics picked the high and change in trend in oil perfectly-
this is a little more complex ready - entry 50 .50 with a take profit at 45.26 , then an add to (pyramid trade) selling again while holding the initial position at 47.80 holding short position 2 lots of positions looking for downward move again to match the 43 mark.
EXIT 43.80 was my take profit area , however did not quite reach it so I'm a little cautious about a rally will lock in stop if no real direction occurs tonight. only half the allocation will be taken as daily and weekly look very strong for downward move on oil.
OUTLOOK daily trend and weekly very strong downward pressure, technically we have a bottom here but it looks like the time will provide another sell off.
Weekly Trend weekly trend is down , don't be surprised to see $40 / barrel again test
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ENTRY EURUSD - forex entry long at 1.2721 again not a convincing upward move however watching daily and weekly for a possible change.
EXIT approx 1.3000 as a target area for Tuesday or Wednesday
OUTLOOK possible break to an upward trend this week and followed closely with a weekly , euro is really trying to avoid the downside price of 1.2500
Weekly Trend - weekly is down , euro just cannot break its slide... this area of 1.27 may be the holding point for February BUT ill update this as i get better readings on my calculations
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ENTRY GBPUSD - forex all i can say here its been short for long time .. since the $2 mark again good entries from all time highs. last entry point 1.4530 a touch off the high, however still a decent entry. we have seen a great reaction from here continuing the trend of daily an weekly.
EXIT looking for 1.3890 for profit target
OUTLOOK this may be the last re test of the low here before a decent rally occurs finally , I'm sick of selling :)
Weekly Trend - weekly is still strongly down , however it is showing signs of holding and then possible weekly turn... but the weekly is till down on my system so I'm trusting it 100%
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NOTE : due to the nature of the software i designed i cannot as yet run large market portfolios meaning i cannot run 40 markets at the same time. however what i am able to do is run 10 markets in a portfolio and show what Advanced Symmetrics / Jarmmetrics is capable of; also to keep a track of my trades and potential ones. The strategies allow me to trade in any type of market and any time frame, yes one set of rules for many types of markets - Yes it works on equities as well. I'm hoping soon to show some equities markets OR take suggestions from people as to any outlook on favorite stocks
Markets Trading :
sp500 emini
dow
stoxx - Euruex
Gold
Silver
Soybeans
Wheat
Crude oil
EURUSD - forex
GBPUSD - forex
sp500 emini
dow
stoxx - Euruex
Gold
Silver
Soybeans
Wheat
Crude oil
EURUSD - forex
GBPUSD - forex
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