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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