Short Euro - FEB 28

I usually don't like to go against a trend on its third attempt to break a level, but im giving it a shot here against the Euro.. Im short at 1.3815 and 1.3820..

 

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Update: I just closed this trade for just over 50 pips.. the markets are very volatile on this Monday morning.. 

 

 

                                         

Natural Gas

I haven't traded Nat Gas in over 2 years, but the recent madness in volatility got me interested in having a slice of the action.. I will upload 2 charts, the first to remember the chart 'look' at the time of trade, and the second for a close up...I am trying a long with a stop at the red line.. Low risk, high reward.. Will update this post in a few days..

After hitting 6.5, we saw a 30% drop in a few days!!

 

Close up:

 

 

 

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Update :

 

Although it appeared yesterday like this was a bad idea, I stuck with it and now its paying off, I might have even gotten the low....will update this again in a few days, this could be the beginning of a good bounce..

 

 

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Update II:  I closed too early at 4.6, and Natgas keeps zooming higher.  The fear of losing your profits, is the main reason small traders cant hold on for the much bigger gains.. Then later when they decide to hold on for longer, they watch their profits evaporate completely. There is no right or wrong, its a case by case situation. In this certain trade,  i expected a big move as mentioned earlier, and i should have held on like planned, but when i saw my profit, i thought id be smart, & re-buy lower, but it never came.. Note to self : stick to the plan.

 

 

 

Gold offers a shorting opportunity at 1346

Back to trading after a long delay....  I will try to post more frequently, but for now, here's a quick one.. Gold has been on a tear ever since its double bottom at 1180.. We hit 1343 today evening, and I think by tomorrow noon, one final push higher to around 1346 shud be enough to cap this move, and start a proper correction, and possibly new lows below 1180..


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Update I:  Gold hit the 1346 mentioned yesterday, and we got a good reaction.. Need more confirmation before we can be sure the trend has reversed, but this is how im seeing it for now...

 

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Update II :  we got the reaction at 1332, a nice dip before a rally to 1337 and then another dip (but we didn't get to the 1319 I had in the chart).. I am neutral for now, as I have a doubt about it breaking lower just yet. We might need one last move higher first..

 

 

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Update III:  what an end to a crazy week, the 1319 ive been waiting for finally comes.. Judging by the quality of the bounce, I will re-assess where I should reverse and go short. My hunch right now is that 1346 might not hold afterall..

 

 

 

Update IV: Markets open this Monday morning with very high volatility, and Gold has is right back up at the highs.. I didn't even manage to go long as i planned over the weekend. I just took a small short position near the highs, expecting some pullback...