Wednesday, August 13, 2014

Trades - Aug 14, 2014

The first chart is for the S&P 500, I am short at 1950,  and I think we will sell off the next few days, for possibly new lows. 
 


This is the Natural Gas chart, I have been long for a while, and today it erased almost 3 weeks worth of gains in 2 hrs!!  the market can be extremely frustrating, and this is the most painful trade in the market right now, I think only the very patient will reap the rewards when it finally moves higher.


The last chart is for the GBP/USD, which I believe has topped near 1.72.  I am playing a bounce upto the 1.69-1.70 region, where I will try to exit, and open a small short position.


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