Trading Journal – 17th January 2019

DXH19 – DXY bouncing earlier than expected. no action for now.

E6H19 – The Euro is still holding above 1.14. Looks like my options will expire worthless at this stage. I’ve left a limit order to sell if there is a spike to cover my cost. If the market breaks through 1.16 then it could quickly go higher, it has been consolidating sideways for quite some time.

B6H19 – I’m surprised Sterling is holding up so well after the Brexit vote. I thought some last minute fear of consequences would prompt the politicians to push it through. Clearly not!

GCG19 – Obviously I’m biased (being long) but at this stage just another pull back in the uptrend it looks like. I want to buy more call options but it could move against me. Don’t invest more until it shows a return. Price still holding up well. I bought another gold call option yesterday at 4.50.

SIF19 – I went long yesterday at 15.62 and a stop at 15.50. Down a bit this morning.

PLH19 – the pullback did happen after the break out on the big bullish candle and I got filled on my buy order at 812 but stopped out towards the end of the session at 801.50.

HGH19 – surprise rally on Wednesday, looking like it might have rejected the lows now.

SBH19 – A big up day for sugar and divergence from surrounding commodities. Two big impulses in the space of a week and the moving averages are all turning higher together. I went long at 13.10, stop at 12.95.

CCH19 – cocoa seems to be losing the battle, see if the medium term averages can halt the slide, they are the last hurdle to break.

KCH19 – still finding support at the old low but looks to be fading now. Back towards the previous low.

OJH19 – OJ overall not looking good.more likely to continue lower.

CTH19 – The bounce is weakening already. Cotton could be making a bearish break – good set up to sell into the 40 day moving average.

LSH19 – Price up again and starting to look more positive now. This could be a rally up towards 402.

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 – Is it a buy around these levels? Maybe between 890-891 with a stop at 883.

ZMH19 – indecisive. Big failure on the 10th of January. A possible buy around 305 and a stop below 300?

ZOH19 – strong rejection at 300.

RSH19 – I went short at 477, stop at 483.

CLG19 – The previous high was 53.31, I have left a short order just under that level and stop just above.

NGG19 – huge volatile moves in gas continue.

LEG19 – I went long at 127, stop below at 126.90

DYH19 – still not getting to the 40 day moving average.

ESH19 – I went short at 2615 and a stop at 2640.

NQH19 – Put an entry order to sell at 6618 (the 40 DMA) and a stop at 6630. I got stopped out on this second attempt to get short on Wednesday. Think maybe I should buy a very short term option, like 2 or 3 days to expiry as a better stop. Still I have only paid $450 across both trades, so they are relatively tight stops.

VIG19 – the VIX is finally a buy again!!! back to 18.63, right at the 200 DMA. Forgot to buy yesterday, will buy today.

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

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