Thursday, May 21, 2020
Rules
In a runner take of a 3rd at the initial range break incase the market comes back to retest at your entry or you were wrong.
Add onto runners when the second load comes in and look to go flat once the momentum dies off from it effect.
Dont overtrade.
Dont watch the news, numbers or state of the economy as they dont play any role.
Market structure, order flow, price action and manipulation is all that move markets.
Cut a shitty broker quick. If they show any signs of being half ass they will be far worse in a shitty market. Firms have ripped people out of great positions because they didnt want there orders on there books over the weekends etc.
Thursday, May 14, 2020
Flat
Sold gold mid 20s as things started to deteriorate. Also bought back Natty as some strength is coming in. Will look to re enter if they come back together.
Wednesday, May 13, 2020
Gold
Gold continues higher so I added some more. One of the hardest things to do is add to a winner. Most want to take cash off the table.
Natty, Gold & Indexes
Both of these markets are looking good so far. Still waiting for gold to break but it's just taking its sweet ole time.
Natty on the other hand took out its weekly lows. Most likely have a little rally over the next few days before the continuation.
Indexes are starting to show a little more life to them but still zombies till they can get through some decent levels.
Tuesday, May 12, 2020
Monday, May 11, 2020
Thursday, May 7, 2020
Markets in focus
6e and 6b finished back up for the day so I will keep watching them for any further developments.
Natty Gas is showing some great promise as well as Golds awesome move up today. Gold and Natty Gas will be front and center for now with 6e and 6b right behind them.
Wednesday, May 6, 2020
6e sold
Shorted 6E between 1.08000 and 1.08300. Should be a nice crack lower later today or tomorrow.
T-bonds are moving lower
30 year T-bonds are moving lower slowly but nicely. If they really start to move they will find resistance at 170' ish.
I'm looking to get positioned short right now though.
Exited 6B scratch
Good ole management. The trade looked great for a day and a half and then started to leg with the 6E before it inevitably cracked. Got out with plus 2 tics before the floor was ripped out. Great trade.
Tuesday, May 5, 2020
Monday, May 4, 2020
Sunday, May 3, 2020
Time to take a break from the news.
Going to take a break from the news for a while or indefinitely. Too much noise to sway my view. Statistically it's all garbage anyway, price projections, opinions, thoughts. Major numbers are even worthless as the market already has them priced in. Even before they come out....
Friday, May 1, 2020
30 yr tbonds are looking pretty weak
The 30 yr Tbonds are looking pretty weak. Waiting for a entry. It may crack today or early next week.
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