Trading journal – 4th March 2019

DXH19 – previously the price has been bought abut 50 pts below the 100 DMA, so I would probably expect that to hold again.

E6H19 – has this now become a genuine break below 1.14? Looks like it might finally be a good time to sell if it rallies back up towards 1.14.

B6H19 – a bullish break on the no brexit option/a second referendum? interesting to see how far this upside extends.

GCH19 – Gold definitely looking like it is trending higher now, just need to get on board.

SIH19 – Silver has broken through the 200 DMA, the downward slope of the 200 DMA is not a good sign however the fact gold has turned the corner and all the moving averages are now stacked bullishly for gold makes me think this could have a positive outcome.

PLH19 – Price has now turned significantly higher although long term trend is still lower. Significant discount to the other precious metals now.

PAH19 – Just an unstoppable trend at the moment.

HGH19 – less than 6% through the 200 DMA and a good failure. I am not confident the rally will continue but I have to be led by the price direction.

SBH19 – this could be a good buy now as the 200 DMA turns higher after the bullish break. I’m going long via options in the short term, 5 x 0.1325 calls with 16 days to expiry.

CCH19 – cocoa has turned things around and the price is now moving higher, but a big question with the 200 DMA coming down from overhead – will this be a negative outcome. Not looking good.

KCH19 – this might move quickly lower now it has cleared the previous low from mid-December. I am long 52 x 0.875 put options at an average of 0.0005 which expire on the 8th March 2019 and 5 x 0.9750 put options which expire on the same date.

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

CTH19 – looks like consolidation before the downtrend continues at this stage.

LSH19 – fading after the 6% break through the 200 DMA failed.

ZWH19 – false break lower? i went long at 495 with a stop at 487. Glad I had a stop on that as the price was crushed. I also bought some call options with a 500 strike and a March 22 expiry, not looking good for them at the moment.

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 – shaping into a triangle or pennant formation depending on what terminology you want to use, most likely waiting on the outcome of the trade summit.

ZMH19 – still finding support around 305.

ZOH19 – long at the 200 DMA (271) with a stop just below at 267. Again glad I had a stop as this kept on going the wrong way for me, I really thought it would go up.

RSH19 – back at the lows.

CLH19 – not sure here.

NGH19 – too much going on here for me to get involved. Right back near the lows.

LEM19 – cattle getting back on the front foot and going like a train now.

DYH19 – I am short 1 unit from 11,187. still short.

ESH19 – bought more OTM equity puts. I am short from 2785.25 one contract.

NQH19 – bought more OTM equity puts. I am short from 7099.25 one contract.

VIG19 – I am long from 16.45 again.

Action:
– 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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