Trading Journal – 3rd January 2019

DXH19 – US dollar index came within touching distance of the 100 day moving average before bouncing strongly and is looking better this morning. The trend continues and just waiting for the resistance at 97 to be passed.

E6H19 – The Euro is still holding above 1.14.

B6H19 – Didn’t get short after my previous day’s commentary and the price has started to come off although the European and US trading sessions on Thursday will be very interesting after the huge volatility during Asian trading in the Japanese yen.

GCG19 – Gold is through the 200 day moving average but not more than 6% so I’m not convinced that it is a true break yet. It will be very interesting to see how it responds in the European and American sessions tonight because of the huge Safe Haven play during the Asian session. The March 2019 contract call options i bought with a 1400 strike are in the money but gold is still not moving as much as I thought it might. I don’t have a clear plan for judging how to manage the life cycle of the option aside from making a subjective call of how much it could move once the time decay really starts to bight.

SIF19 – Silver is right at the 200 day moving average, simply a case of watching and waiting for now.

PLF19 – The price seems to be stabilizing between 775 and 800.

HGH19 – Copper has finally broken down and now sits at an important level where previous lows have been supported.

SBH19 – Sugar is looking ugly and I would expect next up a test of the previous low at 10.79.

CCH19 – I didn’t buy the topside explosion position because it was too expensive for the same distance from the market, so I just bought the 2 x March 2019 contract 2100 strike put options.

KCH19 – If we get a downside breach here of the previous low I will be feeling very confident about my April 2019 contract put options with an 0.8750 strike.

OJH19 – I’m long 5x February 2019 call options with a 1.45 strike and I’ve probably toasted my money on this one, it seems unlikely to get a bounce now we are down through 124.

CTH19 – We are getting down to the support around 69 where the February 2018 low was recorded.

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.

ZWH19 – still sideways.

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.

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 – false break for now. waiting to see what happens next.

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 – failure at the short term average.

NQH19 – failure at the short term average.

– after writing each entry, check whether I need to add an action to my list
– review my daily journal for action items I have missed before sending it.

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