Trading journal – 31st December

DXH19 – putting in an entry order to go long at 95.80 with a stop at 95.60.

E6H19 – The Euro is still holding above 1.14.

B6H19 – British pound is also holding above 1.26 for now. The price seems to be right on the previous support level turned resistance level after the breakdown on December 10th. With all the negative news out I’m guessing the explosive move could be higher following the brexit vote. Right now most of the country has been against the British pound because momentum for Theresa May’s deal seems to be slowing. The week of the 14th of January is when the vote will occur so probably still expecting sterling to weaken coming to that date. Think I’m going to go short Sterling with stop just above 1.2750, the previous high was 1.2791 and market is currently 1.2735.

GCG19 – it’s going to attempt a break.

SIF19 – a big move higher on the 26th with silver up almost 2%. The first time in a while we have seen a bullish candle. Expectation would be for the 200 DMA to fail again.

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. Price hasn’t continued lower and also not closed above 2.70.

KCH19 – Bounce got tapped on the head.

CCH19 – 2400 is quite a big level looking back on charts of the last year with the price having failed twice on two big rallies in August and November. It took about a month for the price to drop back down to 2100 on the previous two occasions where it failed so I might try and buy a couple of explosion positions on the upside and downside.

SBH19 – The dominating trend from the last month has been mostly sideways action. Waiting for a move either way. Lookslike it’s starting to drift down again. A definitive short level is 12.11, which is the 61.8% retracement of the October rally.

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 – seems to be finding buyers around these levels.

OJH19 – I’m long 5x February 2019 call options with a 1.45 strike at premium price of 0.0020 per contract. Now more than 19% away from the 200 day moving average so I’m just expecting some mean reversion and would probably sell with the underlying got to 1.40.

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 – still sideways.

ZSH19 – drifting higher again today, if we clear these two short term moving averages then I will move my stop up to the entry price. I went long at 886 1/2 and stop at 879.

ZMH19 – indecisive

ZOH19 – nothing at the moment for me.

RSH19 – the price bounced off 470 again

CLG19 – oil seems extended to the downside, judging by the 200 day moving average being more than 19% above the current price so I’m just going to buy call options expecting some mean reversion, now that the price has stabilised sideways for about a week.

LEG19 – price seems to be making a Breakout having forged a new high but is not that convincing so far.

DYH19 – any chance I get to sell near the 40 day moving average I will be taking. I haven’t got anything so far.

ESH19 – big rally from e-mini. Profit taking on this move I would suspect, I have entered a sell order at 2595 with a stop at 2608

NQH19 – outside day, perhaps time to go long on the rally up towards the breakout point. I have entered a sell order at 6495 with a stop at 6508.

VIH19 – no chance for me to do anything.

Action:
– after writing each entry, check whether I need to add an action to my list
– short sterling with a stop at 1.2790
– CCH19 explosion position, 2100 1 month put option on the downside and 2600 call option on the upside.
– check entry orders for ES and NQ.
– review my daily journal for action items I have missed before sending it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s