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.

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