Month: September 2011

Here is the update for this week

Short Positions (Initiated and Exited Half)

EURJPY

Had entered using the trendline break. Taken partial profit by exiting half position.

Short Positions (Initiated)

Indofood Agri Resources Ltd

Shorted using trendline break.

The rest of the short positions (Wal-mart, Mapletree Logistic Trust, SATS and Wing Tai)  are still alive. It’s great to see the bears back again!!!

 

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What a disappointing week!

The following are positions initiated and stopped out.

Short Positions (Initiated and Stopped Out)

Entergy Corp

PG & E Corp

 

These are the stopped out positions

Short Positions (Stopped Out)

GBPAUD

Overall a profitable trade.

EURAUD

Overall a profitable trade as well.

The following are the newly initiated short positions

Short Positions

Mapletree Logistic Trust

SATS

Wing Tai

Wal-mart short position is still alive.

This is a treacherous week. I am thankful the forex trades are able to cover these losses with profits. Let’s see when the bull will run out of steam. As trend traders, we can only participate. In the meantime, trade carefully.

 

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Added the following trade this week

Short Position

Wal-mart Stores Inc.

This trade was initiated using the trendline break. Let’s see how the trade will develop from here.

EURAUD and GBPAUD short trades still remain. As the market condition is still uncertain, only the Wal-mart trade was taken. If this trade can survive, then more US short trades may be initiated.

 

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COMEX 2011 has just ended. I have just got myself a new laptop. (a.k.a money-making machine)  Currently transferring my data to my new money-making machine. 🙂

Here is the update for this week.

Stopped Out Short Position

Jacobs Engineering Group Inc

This trade was stopped out due to the short squeeze. Overall it was a profitable trade initiated in July. (see post)

Singapore Exchange

This trade was also stopped out due to the short squeeze. Overall it was a profitable trade.

Sembcorp Industries Ltd

This is the 3rd trade to be stopped out due to the short squeeze. Overall it was a very profitable trade.

Had exited half of the following position

Exit Half Position (Short)

EURAUD

Taken partial profit for this forex trade.

For the rest, only GBPAUD short trade still remain.

Short-covering is the theme for this week. Except for the forex trades, the rest of the short positions were stopped out . It is nice to take some money of the table. Patiently waiting for more trading opportunities……

 

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