briefly- bought 4500/4450 put spread and sold 4400 puts-ratio 1:1. This is expiry week and the last one shot up over 6%-we may get the same kind of downside, so I'm on my guard. Sadly the position is a tiny debit due to commissions. Now expect the F to wiffle around in no mans land. My call Xmas tree needs the F up at 4850 for max profit.
All looking well on forex,even though august is the flakiest month to trade.
My mentor John Piper sent a system to test out and so far is has looked fantastic. I have done some primitive backtesting from early charts and again very encouraging results. the brilliant thing is that while it is low risk if stops are put on soon enough, but you don't have to wait around more than a few minutes for a trade.
I do not have a clue about this market yet again, but it seems it does not want to go down. I just find it so hard to go long.
Monday, 17 August 2009
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