eggbeangame

Hi Dinos, what are you up to over that period?

A great trade FW - you'd best start trading commodities then...

closed at 23419

and stopped out for +200 whilst on lunch. Will look for another short entry.

long hang seng 23381

200 points locked in

Fair points FW - I'm in small - and have precalculated my phase ins so there'll be no excessive exposure. I don't pretend I can call the top but I think the signs are there. It's all speculative cash from the big players and when the plug is pulled it'll drop hard and fast. I'd wager the trigger will be some coordinated action from governments plus further signs of slowing / stalflating economies. But that's guesswork. This upleg in oil has been a 175% whopper - the previous largest upleg was 68%. The long term trend channel sees us at $90 - $100. Corrections tend to mirror uplegs in their size.

I'm going to stick my neck out and say Thursday's and Friday's action is the kind if extreme greed action that suggests this is oil's final hurrah for this, its longest and biggest upleg of its secular bull run to date. So short at 13759 with a view to holding and looking for sub 10000 - bringing it back to its long term trend. I accept it could still spike to a further extreme before engaging its long overdue correction so if we first move up higher and even see the 15000 prophesy self-fulfilling then I will add more.

Agree Foale - after a period of being the relative strongest index, DAX was yesterday so weak in comparison, and I expect it to continue in the near term. These things seem to go in cycles.

out at break even

long Dow 12424 Morning all

out 6938 +10

Long DAX 6928

and out +20

long DOW 12500 Hello again all

Chaps, I'm off on hols next week (with no positions open) so will be back posting w/c 2 June. All the best to you all EBG

out 927.5 +75

long gold 920

exit 12639 +20

Yep - I lost my bottle rather...

long DOW 12619

exit gold -30, oil +35, net +5

Yes, I didn't realise you were traded commodities either. Nice to have this thread here on TL.

long gold 928

Yes, thanks Foale. Sometimes everything conspires against you, other times for you....