Tag: Forex

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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Here is the update for this week.

Sound Global was stopped out. However, it was still a profitable trade as I had exited half last week.

The rest of the trades still remain. (Long – SP Corp, Short – USDCHF, EURAUD, Singapore Exchange, Sembcorp Industries Ltd, Singapore Tech Engineering, Jacobs Engineering Group Inc and Metlife Inc)

Current situation is still bearish. I am expecting the market to stage a rebound soon.

 

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What an eventful week ! With the over 500-pt drop from DJIA, it was bloody carnage everywhere. Some existing positions were closed and some new positions initiated. Here is the update for this week.

Stopped Out Long Position

Starhub

It was a profitable trade for Starhub overall as I had exited half position at peak before stopped out

Stopped Out Short Position

GBPAUD

It was a profitable trade for GBPAUD overall as I had exited half position last week

EURAUD

This short trade was entered earlier this week. However, the trade reversed and it was stopped out.

The following are the new trades initiated.

Short Positions

Singapore Exchange

This short postion was initiated using the trendline break. Had exited half during the gap down.

Sembcorp Industries Ltd

This short postion was also initiated using the trendline break. Had also exited half during the gap down.

Sound Global

Initiated short position using trend break

Singapore Tech Engineering

Also initiated short position using trend break

For the rest, SP Corp long position is still open. The USDCHF, Jacobs Engineering Group Inc and Metlife Inc short position are stilling running. Seems like the bears are in control at this moment.

 

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Except for the ITW trade, here is the update for this week.

The following position was stopped out.

Stopped Out Long Position

JM Smucker

Had exited half of the following position

Sell Half Position (Short)

GBPAUD

For the rest, SP Corp and Starhub long positions are still open. The USDCHF, Jacobs Engineering Group Inc and Metlife Inc short position are stilling running.

However, I am expecting more positions to be stopped out next week. Stay tune for my update.

 

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The following trades were stopped out this week.

Stopped Out Short Positions

CapitaMalls Asia Ltd

Textron Inc

Wells Fargo and Company

Had exited half of the following positions

Sell Half Positions (Short)

Jacobs Engineering Group Inc

Metlife Inc

Had entered the following positions.

Short Position

GBPAUD

Long Position

JM Smucker (Also Sold Half)

USDCHF short, SP Corp and Starhub long positions still remain.

Seems like short positions on equities are running out of steam. Let’s continue to monitor for further development

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