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Back at my Marriot trade desk. They know me here now. Offered me the VGA cable to connect my laptop to the 40" flat screen when I checked in...
I have no idea what the market did today, NT not up yet. I am assuming the euro is still alive, the banks are still slightly solvent, oil is still marketable.
Going to grab a quick meal and a Mikkeller beer or two at one of two places I have ever been able to find one, and settle in to watch the China PMI tonight. I don't follow overnight news that much, but for some reason this one intrigues me. Could be a non-event, never paid that much attention.
Not sure what to expect. I often laugh at myself for being nerdy enough to find that agenda so entertaining. No tv in the background, just charts. I was describing the interrelation of some key world events to my wife last night, and tried to use the analogy of how she enjoys General Hospital...
@Deucalion is a trade I truly do consider more accomplished than I am. As is @researcher247. There are others, I am sure. I am glad I don't have to trade in competition with them to be profitable. The markets move with or without any individual trader. I really enjoy that aspect of trading. There are winners and losers, but not matched one-on-one. We could be on opposite sides, and still be friends. The competition is in each individual's skills and how efficient they are at them. The anonymity provided by electronic trading allows would-be competitors to take your money with no social baggage.
If I post a winning trade here, there is a good possibility some trader will read it, and have lost on that same trade, but on the other side. Maybe it was me. But they probably would not blame me.
Enjoy your beers. I am taking a long weekend; latest campaign trade closed. Taking Employment Friday off and driving up north for some fun! All targets hit. I love CRUDE!!
I wrote in this thread on May 22nd, 2012 the following:
"If we hit 88.25-88.50 by next Friday I cover everything and take a portion of those shekels and take a 2 day trading holiday up north from here at a place called Mackinaw Island, MI {no cars allowed there} and I will be playing my craps method at the casino's just north of the island."
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I am done with that swingtrade campaign now. My positions were:
"Here is my exact position as of now.
I am short from 102.63 {20%}/I am short from 99.74 {20%}/I am short from 97.70 {40%}/I am short from 95.41 {20%} all rolled to July as of now.
I am short 5 sets of bear credit spreads.
I am long 4 separate put options.
This is a highly compressed downtrend stair-stepping down coupled w/fundamentally 'bearish' sentiment adding wind to the bearish sails.
I am wrong with a breach of a long-term moving avg. on a particular volume chart I use.
Each push down I am covering a portion of my puts and @short-term cycle tops (within this downtrend) I am selling naked calls while putting back on my puts."
Anything above 95.73 in July CL means I am no longer anticipating 88.255-88.50 by end of May.
The main cycle work I am using for this May 'volatility' cycle in CL is both a set of
a) top-down indicators that work in an 'additive' and/or synergistic function (helps me confirm cycle highs and lows)
b) Planetary orb and spatial analysis along with non-linear geometrical forecasting {think brad cowan or myles wilson walker and you are correct}