I am finding it very difficult to get a powerful enough internet connection here outside South Africa. I can barely get my own spread betting account opened up. I got stopped out of my GBP EUR trade, and my DAX trade too. I have now no new open positions.
OPEN SWING POSITIONS
Instrument
Type
Date
Entry Price
Stop
Current
Status
Result
DAX March
LONG
26 Jan 09 - 09:00
4162
4390
CLOSED
+411 points
GBP EUR
LONG
26 Jan 09 - 08:15
1.0595
1.0560
CLOSED
+970 points
GBP EUR
SHORT
6th Feb 09 - 08:37
1.1525
1.1505
CLOSED
+20 points
DAX
SHORT
6th Feb 09 - 13:52
4596
4629
CLOSED
minus 33
NOTES at 13:55 6th Feb 2009: >> dont like the look of my trade in the Dax, but I am bearish from here. Maybe I am premature. It certainly would not be the first time it has happened..... hence the stop is tight.....
Notes 6th Feb 09:
13:44: closing my DAX at 4573 - will inititate a SHORT position in the next couple of minutes....
09:30am : I am moving stop to break-even on Euro GBP, as it has already moved 70 points in my favour.
Initiating new GBP EUR position at 08:37am.
Notes 5th Feb 09:
Dax stop amened on 5th Feb 2009 at 10:48am GMT - locking in 210 points profit
GBP EUR stop moved up to 1.1190 at 5th Feb 2009 at 13:44pm GMT- locking in 600 points profit
6th February 2009 - 08:37am
I am taking profits right now at 1.1525 in Sterling Euro.
I am reversing the position.... Sheet is updated
Today is unemployment Friday. I will move my stop to 4390. I could move it closer, but I dont see the merit in that. Either it will fly today or it will tank. I suspect it will tank. Why should the numbers or the revisions be better this month than last month?
5th February 2009 - 09:25am
good morning,
I am in Cape Town for a seminar. The flight down here is story material that legends are made of. Virgin Airlines made the best of the bad weather and the snow. I am here now, and with the time difference, I have ample of time to look at the market before Europe opens.
3rd February 2009 - 12:54pm
next update tonight - pending internet access.
Tom
29th January 2009 - 12:35pm
ANNOUNCEMENT: THE SYMPOSIUM ON FRIDAY HAS BEEN SOLD OUT.
LARRY PESAVENTO WILL BE TRADING LIVE, AS WILL I.
THERE ARE STILL SOME REMAINING SEATS LEFT FOR THE 2-DAY WORKSHOP THIS WEEKEND IN LONDON. THE PRICE IS ONLY £399.
I have been very keen on buying the dips. The bull trend has been classic. The Spoos made a 2-3 point bottom, and since has had a fairly harmonic move higher.
I am still long on my position above in the swing trading box. I see no reason to close it now.
There will be no further updates until Monday now.
29th January 2009 - 11:29am
I have updated the swing positions. I am staying long for the time being. I will post my new stop losses later today.
ANALYSIS
