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" What lies behind us and what lies before us are tiny matters
compared to what lies within us." Ralph Waldo Emerson
23rd March 2009
Open Positions
Going "home" short Dax June at 4247.
Reason: anticipating fall back in the SP500 after biggest rally in 5 years
Stop is 4280
Trade Sheet
Over the coming 7 trading days I will be not be as active as I have been over the last week. I have a live trading workshop in Los Angeles and in Las Vegas, which I am preparing for. The live trading room will be running in the evening, where I will trade the Dow futures. Next week will be the same. There is an 8 hour time difference between London and Los Angeles time, and I am not getting up at midnight to trade the FTSE and the DAX. I will however update the site with my analysis. If you want to get access to the live trading room, with live currency and DAX/FTSE/Dow trading, then email me on info@tradertom.com. You don't have to write a long story. Just put "live trading room access" in the headline, and I know what you want. So from now until the end of the month, the room will not be as active as it has been over the last week.
16:11pm update
There may be an opportunity for a decent pullback in the indices at this point. The Dax has hit the upper end of the channel it has been trading in. I am short the Dax June futures at 4190 with a stop at 4222. It is now 16:13pm and it is trading right now at 4190.
The only thing stopping me from moving to California is the fact that the time zone is impossible for trading London/Europe markets. The Dax opens at 7am, and gets very active at 8am onwards in London. That would be the equivalent to trading at 1am in the morning in California. But as you can see from the photo, if you like to surf (not just the charts), then this place really is heaven on earth. This is a photo of San Clemente Pier, with an insert of yours truly, all hooded up, on a very freezing evening, holding on to the trading lap-top.
ANALYSIS
