Trading Journal – 29th January 2019

DXH19 – DXY fading from this bounce before I expected it , I thought it would probably test the 97 barrier before it came back to the 100 day moving average again. Could be heading for the 200 DMA.

E6H19 – The Euro is still holding above 1.14. It managed to respond well after dipping below 1.14 but the signs are a little bit ominous after failing at the 100 day moving average on the 10th of January and now making a new low since May 2017.

B6H19 – possibly a great sell into a downtrend for GBP, price has rallied all the way to the 200 DMA and now with no positive news ahead it would require a Brexit deal to keep this from rallying too much further.

GCG19 – my long options expired marginally in the money, so I’m now sitting on a long position of 3 contracts, stop at 1298 just below the entry of 1300 (strike of the call options).

SIF19 – a huge bounce in silver and it seems we are going to have another test of the 200 day moving average.

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.

PAH19 – Still driving higher, bouncing off the 15 day moving average.

HGH19 – still moving higher, my 2.50 strike puts will probably expire worthless with only a couple of days to go.

SBH19 – still moving higher.

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. 100 would seem to be a big level and hearing stories of coffee plantation worker migration makes me think there is a good opportunity to go long from 99.

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

CTH19 – very hard to read which means it’s probably not a good opportunity at this stage because there’s two competing themes.

LSH19 – Might provide a good opportunity to go short close to the 200 day moving average, near 399.

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 – Short around 6% through the 200 day moving average.

ZMH19 – still finding support around 305.

ZOH19 – buy near 280 at the 100 DMA?

RSH19 – Glad that I had a stop in place as the price has continued higher and I would have been bleeding now even though the bigger picture does not look good for canola. If this rally continues then it would probably be a good sell at the 100 day moving average which will be close to the previous High from the 7th of December at 496.30.

CLG19 – short near 55?

NGG19 – too much going on here for me to get involved. Right back near the lows.

LEM19 – need a little more detail in this because it could be a good buy around the 100 day moving average.

DYH19 – same as nasdaq and spx.

ESH19 – I’m going to take on large short positions in cheap OTM options as the price moves towards the 200 DMA. Don’t know how long I should wait with this but it’s not too far away now.

NQH19 – I’m going to take on large short positions in cheap OTM options as the price moves towards the 200 DMA.

VIG19 – going long from the 200 DMA.

Action:
– after writing each entry, check whether I need to add an action to my list
– buy VIX
– buy OTM B6H19 put options.
– start buying near dated put option expiries for equities.
– opportunity to go short close to the 200 day moving average, near 399.
– review my daily journal for action items I have missed before sending it.

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