Swing Trading Futures

[karoshiman 10]

Covered my NG long with a profit of 0.041, wait for further signal. Difficult market environment these days... cannot tell whether its a bull or bear market...

[karoshiman 10]

Shorted ES at 1398.50. Similar trade as with NQ yesterday. Will be a quick trade only.

[karoshiman 10]

Went LONG again in NG at 3.742. The long scenario seems to play out (see chart). Will add on pull back.

[karoshiman 10]

Shorted ES at 1398.50. Similar trade as with NQ yesterday. Will be a quick trade only.

 

Out of my ES at 1403, trade was premature.

[karoshiman 10]

I don't watch news - let alone trade it - just saw the jump in NG up and the break down of QM... natural gas storage change with a downward surprise... good to be long NG and short QM ... but we'll have to see whether this is only a short spike...

[karoshiman 10]

Been out of my QMF short at 86.40 with a profit and wait now for the big move. So far (i.e. since the beginning of this thread) my QM trades are about breakeven due to the stupid flipping at the beginning. Waiting for the big move to overcompensate that.

 

I am flat NGH too and not so sure anymore about my long scenario. The next two weeks will be crucial for the mid-term direction. Had my largest losses so far in NG and wait for the big move here as well similar to QM.

 

By the way, my Soybean trade is my best one so far (and the only one where I have been right, right from the start). Still long here. Will add on pull-backs.

 

On Silver waiting for consolidation to finish. No position currently.

 

EDIT: Trying a short in NGH at 3.508. Looks like my original scenario (break of trend line) is playing out.

Edited December 10, 2012 by karoshiman

[karoshiman 10]

Short now again QM (QMH) at 86.625.

[karoshiman 10]

Shorted Wheat at 813.5 (March contract). Breakout of channel occurred.

[karoshiman 10]

Went long NQ March ctrct at 2690.50 based on reverse H&S. Same on ES, but trade more attract. on NQ

 

Target on ES March ctrct is 1505

[karoshiman 10]

Out of my QM short with a loss at 88.15 (March ctrct). Wait for further development.

[karoshiman 10]

Out of my NQ longs from earlier today with a loss at 2675 (March). Did not feel right. Will re-enter if high of week is pierced again.

[karoshiman 10]

Went short in Sugar at 18.46. Breakout of pennant on weekly chart.

[karoshiman 10]

Long silver at 32.32 (March) near upward trend line on weekly chart

[karoshiman 10]

Took part of my profits in NG (March) at 3.357. Let the rest run. Will see lower prices in the next weeks.

[karoshiman 10]

Long in ED March at 99.715. Breakout of rectangle

[karoshiman 10]

Out of my ED position at breakeven. Will get more bang for my $ in my other existing positions by adding to them, probably today.

[karoshiman 10]

A bit late due to computer problems... entered long Frozen OJ at 136.80 (March). Trend channel breakout.

[karoshiman 10]

Went short in Sugar at 18.46. Breakout of pennant on weekly chart.

 

 

I'm betting against Peter Brandt here

 

He just tweeted his long bias in Sugar (see chart).

 

I saw this wedge on the daily as well, but obviously weighted the longer-term view with the pennant breakout more. Gonna be interesting...

[karoshiman 10]

Out of my SI LONG at 32.05 and SHORT from there for a quick trade. Not really a swing trade, but a good idea, I guess.

[karoshiman 10]

Went long NQ March ctrct at 2690.50 based on reverse H&S. Same on ES, but trade more attract. on NQ

 

Target on ES March ctrct is 1505

 

Went again LONG in NQ at 2698.25. Same idea as before.

[karoshiman 10]

Out of my Sugar Short at 19.40 with a loss. Wait for further development.

[BlueHorseshoe 10]

I'm betting against Peter Brandt here

 

He just tweeted his long bias in Sugar (see chart).

 

I saw this wedge on the daily as well, but obviously weighted the longer-term view with the pennant breakout more. Gonna be interesting...

 

Hi Karoshiman,

 

I'm assuming that you have read Brandt's book? If not, then I recommend it - very practical and realistic account of how small gains are made over the long haul, rather than the usual fantastical results and dubious conclusions. Plus he has a long and auditable track record as a CTA.

 

Good luck with the sugar position - I'm sure your victory will be sweet!

 

BlueHorseshoe

[karoshiman 10]

Out of SI short at 31.14 with a profit.

[karoshiman 10]

Hi Karoshiman,

 

I'm assuming that you have read Brandt's book? If not, then I recommend it - very practical and realistic account of how small gains are made over the long haul, rather than the usual fantastical results and dubious conclusions. Plus he has a long and auditable track record as a CTA.

 

Good luck with the sugar position - I'm sure your victory will be sweet!

 

BlueHorseshoe

 

 

Hi BlueHorseshoe,

 

No, I haven't. But it's on my list of trading books to read. I saw, it has mostly good reviews and I liked what the reviewers wrote about the book (similar to what you say about it). Also, I am a fan of his blog and I'm following the updates there on a regular basis.

 

Re. the Sugar position, I had also a short interaction with him on Twitter as I replied to his tweet about my Sugar short position. Interestingly, I've searched for historical Sugar charts on the net this week and found articles of him from Jan. 2012 in which he already forecasted a Sugar bull market. Seems to be an opinion, he has for some time now.

 

By the way, I went out of my short position today as price scratched too long at the downward trend line. Possible that this was premature and I go short again this week.

 

Regards,

k

[karoshiman 10]

Out of my Soybean Longs at 1434 with a loss.