Trading journal – 23rd December

DXH19 – US dollar index has bounced right back after a strong sell off on Thursday’s session. It still hasn’t held above 97 however.

E6H19 – The Euro is still holding above 1.14.

B6H19 – British pound is also holding above 1.26 for now.

GCG19 – Gold made it to the 200 day moving average but not any higher than that. The odds of the price making it to 1300 on Monday are almost zero, barring the outbreak of war. Large volume on the candle moving higher Thursday. Limit order in for the unlikely event of a spike to sell my 1300 call option for 5.

SIF19 – Silver is still drifting sideways.

PLF19 – hard to tell if this is a continuation or a reversal set up. I suppose that sentence says it’s nothing that i recognise at the moment! The price has been going sideways just over a week now.

HGH19 – 2.70 still roughly a line in the sand for going short.

KCH19 – only a relatively weak bounce off the low before the selling begun again. This could be good for my coffee puts.

CCH19 – The last two sessions have provided a mixed bag of signals after the price rallied quite strongly from 2100 so now we have seen both a higher low and a lower High.

SBH19 – The dominating trend from the last month has been mostly sideways action. Waiting for a move either way.

LSF19 – I have been waiting on 300 for the price of lumber to reach but it’s possible though we may have just seen a higher low. I’ll only know once we reach the previous short term High around 375.

CTH19 – Someone is tearing a hole in cotton. Almost out of nowhere the price has come down more than 10% in 2 weeks. The price action is quite violent so given that I’m not already on it and I didn’t anticipate it early then it’s better just to watch from the sidelines.

OJH19 – now just looking like a failed rally in a downtrend. Issue session on Thursday for orange juice and down below the previous support so it looks like the down trend is resuming after a failed rally through the 40 day moving average.

ZCH19 – no real pattern aside from a broad range trading between 400 and 360. So that would say buy at 360 and sell at 400.

ZWH19 – sideways for now. I’m thinking to leave an order around 505 with a stop at 499 as the price has not been below 500 for a while. The price has been tracking sideways and if the US dollar index were to fall back from 97 there could easily be a quick run up in Wheat.

ZSF19 – back below 900. A 1 year chart looks like the price is building back towards a higher level.

ZMF19 – indecisive

ZOH19 – was that a buy at the 100 day moving average. The signs are mixed but most of the moving averages are trending higher.

RSH19 – holding a higher low in the short term.

DYZ18 – any chance I get to sell near the 40 day moving average I will be taking. I haven’t got anything so far.

ESZ18 – getting ugly as the selling just continues. The price has broken down through the bottom of the range.

NQZ18 – It would have been an interesting scenario holding onto my 6300 put option because it expired in the money but only be 65pts and I would have been short at a level where the price could just tear back up again burning all the shorts before tanking. 6,600 looks the place to get short from here. wait and see.

VIZ18 – no chance for me to do anything.

Action:
– after writing each entry, check whether I need to add an action to my list
– enter a limit order to sell gold call option just in case the market spikes. chances are extremely low but you never now. It all adds up to profit.
– Need to enter a sell order for one of the coffee options at 0.0080 to cover my cost in case of a spike which fades.
– review my daily journal for action items I have missed before sending it.

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