Thursday, 11 February 2016

February 11th

Some more gains in the bund today.  At one point it reached 165.70, before pulling back.  I am still worried it will all disappear, but that is trend trading.  BCO and Copper are both starting to look alluring again.  Orders are imminent.

It was interesting to see the rate cuts in Sweden.  I highly recommend Currency Wars and The Death of Money by James Rickards for insight in to all things central banking.  Retail sales are out in the US tomorrow.  As always with global trading, a big impact news event always seems to be lurking just around the corner.  At the moment, it is sentiment that seems to be driving risk appetite, especially in my USD based markets, so any indication that the US economy is not strong enough for further rate rises could spell change and uncertainty (and if you listen to James Rickards he thinks they are mad and should be cutting rates).


PipsATRRL/SMarketRisk %Paper Profit
1902.07 2.75 LBund0.451.24%
0- - EURUSD0.000.00%
0- - GBPUSD0.000.00%
0- - AUDUSD0.000.00%
0- - USDCAD0.000.00%
0- - USDJPY0.000.00%
0- - BCO0.000.00%
0- - Soy0.000.00%
0- - Sugar0.000.00%
0- - Copper0.000.00%
0- - USDZAR0.000.00%
2.072.750.451.24%

Wednesday, 10 February 2016

February 10th

I am starting to get a little nervous now on my bund trade.  I am suppressing my fear of a sharp sell off though and holding on while the trend is in tact.  The other markets have not changed enough yet to tempt me to place an order.

PipsATRRL/SMarketRisk %Paper Profit
1321.43 1.91 LBund0.450.86%
0- - EURUSD0.000.00%
0- - GBPUSD0.000.00%
0- - AUDUSD0.000.00%
0- - USDCAD0.000.00%
0- - USDJPY0.000.00%
0- - BCO0.000.00%
0- - Soy0.000.00%
0- - Sugar0.000.00%
0- - Copper0.000.00%
0- - USDZAR0.000.00%
1.431.910.450.86%

Tuesday, 9 February 2016

February 9th

Not much action in the bund today, but a lot of other markets (AUD, BCO, Soy etc) are showing signs of resuming the longer-term trend, with the moving averages crossing over. I am going to be slow to jump on board so have no order placed yet.

PipsATRRL/SMarketRisk %Paper Profit
1521.65 2.20 LBund0.450.99%
0- - EURUSD0.000.00%
0- - GBPUSD0.000.00%
0- - AUDUSD0.000.00%
0- - USDCAD0.000.00%
0- - USDJPY0.000.00%
0- - BCO0.000.00%
0- - Soy0.000.00%
0- - Sugar0.000.00%
0- - Copper0.000.00%
0- - USDZAR0.000.00%
1.652.200.450.99%

Monday, 8 February 2016

February 8th

A nice 1 ATR continuation in the bund today.  Just when you think the move must be nearing exhaustion, it proves you wrong.  Soy is looking interesting but all of my other markets are off limits for the moment, although there was a sign of dollar strength returning today, except in JPY which looks a little wild at the moment.

PipsATRRL/SMarketRisk %Paper Profit
1601.74 2.32 LBund0.451.04%
0- - EURUSD0.000.00%
0- - GBPUSD0.000.00%
0- - AUDUSD0.000.00%
0- - USDCAD0.000.00%
0- - USDJPY0.000.00%
0- - BCO0.000.00%
0- - Soy0.000.00%
0- - Sugar0.000.00%
0- - Copper0.000.00%
0- - USDZAR0.000.00%
1.742.320.451.04%