[INTRA-DAY ACTION]
Another strong day here after a short day in college.
Trading well, here is my current blotter as at 15:00GMT
There has been extreme volatility today, as well as solid setups. FAZ and FAS were hedge trades which I continually scaled in and out depending on where they were going. My FAS trade wasn't very good but the FAZ was excellent.
Wheat was an excellent trade, and lately it seems that all agricultural commodities pop at the open - at least corn, wheat and soy have. I took an entry before open based on the fact it had broken it's consolidation range between 0900-1430 for 10 at 454.75. It popped to 559.5 at the open, taking half my position out at 550 on my limit. I closed the rest out as that gap was too good to say no to. I also caught a short at 557.5 as it consistantly hit resistance there on the 1 minute on declining volume with a bearish macd. I held for 6 points but should have anticipated the gap closure trade - as that's pretty much what it's done. That would have been another 10 points on 10 contracts.
Yet again I traded RIG based first on a short with positive divergence. I closed and reverse on a tiny double bottom with MA support and traded the breakout. I re-entered on double size based on a simple 123 setup at $63. Easy easy trading.
I was long SUN on a 123, lost my attention on this one as there was a second entry shortly after.
Bond trade another 123 setup of a double bottom at the 200EMA.
Oil trade - topping featuring negativity in divergence.
FX trades all scalps, USD/CHF bear flag setup on large size.
Easy trades today with nearly $20k gross profit. Biggest drawdowns were in FAS which I pair traded to profit. I have been scaling in short gold since 960 as this is showing signs of weakness to me.
Edit closing time:
Didn't make any more trades, closed out my gold for a few points to add another few hundred. FAZ made the move to $31 as predicted (although it did drop sharply off that price at the close.
SUN was nice to trade on both sides today with some nice technical indications to take short positions after I was bullish earlier in the day (previous SUN chart)
Trading well, here is my current blotter as at 15:00GMT
There has been extreme volatility today, as well as solid setups. FAZ and FAS were hedge trades which I continually scaled in and out depending on where they were going. My FAS trade wasn't very good but the FAZ was excellent.
Wheat was an excellent trade, and lately it seems that all agricultural commodities pop at the open - at least corn, wheat and soy have. I took an entry before open based on the fact it had broken it's consolidation range between 0900-1430 for 10 at 454.75. It popped to 559.5 at the open, taking half my position out at 550 on my limit. I closed the rest out as that gap was too good to say no to. I also caught a short at 557.5 as it consistantly hit resistance there on the 1 minute on declining volume with a bearish macd. I held for 6 points but should have anticipated the gap closure trade - as that's pretty much what it's done. That would have been another 10 points on 10 contracts.
Yet again I traded RIG based first on a short with positive divergence. I closed and reverse on a tiny double bottom with MA support and traded the breakout. I re-entered on double size based on a simple 123 setup at $63. Easy easy trading.
I was long SUN on a 123, lost my attention on this one as there was a second entry shortly after.
Bond trade another 123 setup of a double bottom at the 200EMA.
Oil trade - topping featuring negativity in divergence.
FX trades all scalps, USD/CHF bear flag setup on large size.
Easy trades today with nearly $20k gross profit. Biggest drawdowns were in FAS which I pair traded to profit. I have been scaling in short gold since 960 as this is showing signs of weakness to me.
Edit closing time:
Didn't make any more trades, closed out my gold for a few points to add another few hundred. FAZ made the move to $31 as predicted (although it did drop sharply off that price at the close.
SUN was nice to trade on both sides today with some nice technical indications to take short positions after I was bullish earlier in the day (previous SUN chart)
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