18 Jun 2008

Trading Day

No time for a preamble...

TRADE
FTSE
SELL @ 5842.8
1-min chart premarket

TRADE
Gold
Buy @ 844.4
30-min chart

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Posted by Unknown
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19 comments:

  1. Unknown18 June 2008 at 08:13

    Dream start!

    FTSE stop down to 5830

    Gold stop up to 883

    May take FTSE if turns sharply.

    ReplyDelete
  2. Unknown18 June 2008 at 08:16

    Take it!
    FTSE
    BUY @ 5822.5 to close
    profit = +20.3

    ReplyDelete
  3. Unknown18 June 2008 at 08:25

    CORRECTION
    Gold Buy @ 884.4
    (I wish was at 844.4!!)

    ReplyDelete
  4. Unknown18 June 2008 at 08:33

    TRADE
    FTSE
    SELL @ 5824.3

    Gold struggling to get above 888. May take this at 886 just to keep some profits.

    ReplyDelete
  5. Unknown18 June 2008 at 08:47

    Looking at the 3-min gold chart shows the key level down is 885.5, so just hanging on for now. Would only be 10pts profit at that level. Keeping an eye on crude oil too.

    FTSE stop down to 5825, almost covering the bet.

    ReplyDelete
  6. Unknown18 June 2008 at 09:10

    TRADE
    FTSE JUL 5600 PUT @ 66.9

    This is starting to look grim again.

    FTSE stop at 5820

    ReplyDelete
  7. Unknown18 June 2008 at 09:35

    TRADE
    FTSE
    BUY @ 5794 to close
    profit = 5824.3 - 5794 = +30.3
    1-min chart
    Time to take profit. Even my Jul option is already in slight profit.

    nearly took gold as it leapt up a dollar. Holding on still, as charts still looking positive.

    ReplyDelete
  8. Unknown18 June 2008 at 09:37

    TRADE
    FTSE BUY @ 5796.6
    1-min chart.

    So long as the 1-min chart keeps giving good signals then worth taking. Once we get a false signal and/or a choppy market, then abandon it for the day. This means we get one lousy trade but that's a small price. Already +50 for the day, so it works.

    ReplyDelete
  9. Unknown18 June 2008 at 09:49

    Discretion and valour both in short supply here...

    TRADE
    GOLD SELL @ 886.1
    profit = 886.1 - 884.4 = 1.7 = +17 pts

    TRADE
    FTSE SELL @ 5798
    profit = +1.4 pts !!

    TRADE
    SELL @ 5796.8

    ReplyDelete
  10. Unknown18 June 2008 at 09:58

    TRADE
    FTSE BUY @ 5796
    profit = +0.8 pts
    even better than the last trade!!

    OK, some +70 pts in 2 hours is pretty good so time for a rest and a step back.

    Think I'll go do some gardening and come back in 3 hours.

    ReplyDelete
  11. Unknown18 June 2008 at 11:10

    TRADE
    GOLD
    SELL @ 883.1

    ReplyDelete
  12. Unknown18 June 2008 at 11:23

    Idiot! Never, ever try to jump in ahead of a signal to try and squeeze out a few extra points.

    TRADE
    GOLD
    BUY @ 884
    LOSS = -0.9 = -9 pts

    Oil getting a head of steam so bailing out.

    TRADE
    GOLD
    BUY @ 884.1

    ReplyDelete
  13. Unknown18 June 2008 at 11:45

    TRADE
    FTSE
    BUY @ 5778.5
    3-min chart

    ReplyDelete
  14. Unknown18 June 2008 at 11:49

    The way down is remorseless.
    getting out sharpishly.
    FTSE
    BUY @ 5772.5
    LOSS = -6 pts

    ReplyDelete
  15. Unknown18 June 2008 at 12:12

    OK, here's my cheap hedge, in case the day turns around. till 4.5 hours to go. FTSE haas dropped 150 pts in some 6 hrs trading.

    Actually... sat watching this as FTSE in terminal decline...

    TRADE
    FTSE to finish down >50 pts
    SELL @ 83 pts
    cost = 17 pts

    shit!
    TRADE
    GOLD
    SELL @ 844.5
    profit = 0.4 = +4pts

    ReplyDelete
  16. Unknown18 June 2008 at 12:54

    TRADE
    Gold
    BUY @ 886.2
    charts looking positive - just need to get the right entry point without seeing my trade running into the red!

    ReplyDelete
  17. Unknown18 June 2008 at 13:43

    Got it right this time!!
    GOLD stop up to 891

    ReplyDelete
  18. Unknown18 June 2008 at 13:56

    Gold is a breath away from Monday's high and a good sneeze will push it through the 100DMA. But oil off its high with gold coming off too.

    TRADE
    GOLD
    SELL @ 891 stopped out
    Profit = 891 - 886.2 = +4.8 = +48 pts

    stop too near, should have left it at 889, the recent high on the 3-min chart. Sometimes get the distinct feeling I should just take the peaks rather than waiting to close.

    +106 for the day so far.

    Will leave the FTSE trades running but going off to eat. Will see what the Dow does from its current 12100.

    ReplyDelete
  19. Unknown18 June 2008 at 15:59

    Some days it is hard to believe how much lower an index can go. However low, it can always go lower (apart from zero), and however high can always go higher. Sometimes better to let an option make a small profit than trade in and out all day.

    The down>50 binary bet has lost -17 pts - I assume this is looking up at heaven from the gutter.

    So assume +99 pts for the day, plus the option is in profit.

    The Dow is clinically depressed. The FTSE has checked into the Priory. Interesting which way gold will go. The tug of war is between those who think the metal is a decent hedge against inflation and rising oil, and those who see demand weakness from falling wealth.

    Whilst writing this the stockmarkets continue their freefall. Dow will hit 12000 and FTSE 5700.

    I'm tired and going to watch some TV!

    ReplyDelete

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