Dear Investor,
Traded like a total idiot - please remind me that I am a MACRO trader not a micro trader - it is back to basic for this tosser............
- P&L since inception(Mid-June 2009).... now -125 bps.....
Jobless data tomorrow will we break the magic 10 % in unemployment - On top of this we got short week due to the 4th of July celebration, so Thursday will be major day for data:
The market is expecting this: http://www.bloomberg.com/markets/ecalendar/index.html
It is also the TURN-DATE/CYCLICAL WINDOW I have looked for: July 2/3
Despite promising to keep the powder dry, I have used considerable dollars on buyin downside in EUR/USD as I continue to see a cyclical change coming with the US having to take stronger currency first - I have have also sold a little more crude - on the back of better technical trading - otherwise I remain with the program believing the next two month could see 880- then 860- and in my opinion even outside chance of even new lows (666 S&P) - based on the extreme euphoria imbedded in all commentaries and media (Yes, I listen to CNBC all day long )
930-935 S&P needs to cap for now - EURUSD 1,4338 the old May high at risk now - this could very likely be me being too negative but I need to stay with my models and play the contrarian although after day like today its tempting to roll-over and go with the flow...
I noticed this one story - supporting my views today on how banks & regionals not been part of the rally.... http://www.bloomberg.com/apps/news?pid=20601087&sid=aCmsKKqx_Xq0
Enough - a long day for me ...
Positions:
Short EURUSD cash and very big in options
Short S&P - took some profit on 905 on 50% yday - long puts August
Short Dax intraday play - expensive...
Gold - stopped out..
Crude added to short..... net short now 68.50.........
Safe trading,
Steen
2 kommentarer:
Dear Investor,
Traded like a total idiot - please remind me that I am a MACRO trader not a micro trader - it is back to basic for this tosser............
Jobless data tomorrow will we break the magic 10 % in unemployment - On top of this we got short week due to the 4th of July celebration, so Thursday will be major day for data:
The market is expecting this: http://www.bloomberg.com/markets/ecalendar/index.html
It is also the TURN-DATE/CYCLICAL WINDOW I have looked for: July 2/3
Despite promising to keep the powder dry, I have used considerable dollars on buyin downside in EUR/USD as I continue to see a cyclical change coming with the US having to take stronger currency first - I have have also sold a little more crude - on the back of better technical trading - otherwise I remain with the program believing the next two month could see 880- then 860- and in my opinion even outside chance of even new lows (666 S&P) - based on the extreme euphoria imbedded in all commentaries and media (Yes, I listen to CNBC all day long )
930-935 S&P needs to cap for now - EURUSD 1,4338 the old May high at risk now - this could very likely be me being too negative but I need to stay with my models and play the contrarian although after day like today its tempting to roll-over and go with the flow...
I noticed this one story - supporting my views today on how banks & regionals not been part of the rally.... http://www.bloomberg.com/apps/news?pid=20601087&sid=aCmsKKqx_Xq0
Enough - a long day for me ...
Positions:
Short EURUSD cash and very big in options
Short S&P - took some profit on 905 on 50% yday - long puts August
Short Dax intraday play - expensive...
Gold - stopped out..
Crude added to short..... net short now 68.50.........
Safe trading,
Steen
Dear Investor,
Traded like a total idiot - please remind me that I am a MACRO trader not a micro trader - it is back to basic for this tosser............
Jobless data tomorrow will we break the magic 10 % in unemployment - On top of this we got short week due to the 4th of July celebration, so Thursday will be major day for data:
The market is expecting this: http://www.bloomberg.com/markets/ecalendar/index.html
It is also the TURN-DATE/CYCLICAL WINDOW I have looked for: July 2/3
Despite promising to keep the powder dry, I have used considerable dollars on buyin downside in EUR/USD as I continue to see a cyclical change coming with the US having to take stronger currency first - I have have also sold a little more crude - on the back of better technical trading - otherwise I remain with the program believing the next two month could see 880- then 860- and in my opinion even outside chance of even new lows (666 S&P) - based on the extreme euphoria imbedded in all commentaries and media (Yes, I listen to CNBC all day long )
930-935 S&P needs to cap for now - EURUSD 1,4338 the old May high at risk now - this could very likely be me being too negative but I need to stay with my models and play the contrarian although after day like today its tempting to roll-over and go with the flow...
I noticed this one story - supporting my views today on how banks & regionals not been part of the rally.... http://www.bloomberg.com/apps/news?pid=20601087&sid=aCmsKKqx_Xq0
Enough - a long day for me ...
Positions:
Short EURUSD cash and very big in options
Short S&P - took some profit on 905 on 50% yday - long puts August
Short Dax intraday play - expensive...
Gold - stopped out..
Crude added to short..... net short now 68.50.........
Safe trading,
Steen
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