Well the quick bounce part was right.
B 5 at 34.75 s 1@37, 1@38, 1 @42.50 and I'm working a 47 offer on 1 and a 50.50 offer on the last one.
I won't be surprised if we turn good for a few days. (or ever)
Pabst's Blue Ribbon Trades
- Thread starter Pa(b)st Prime
- Start date
Well the quick bounce part was right.
B 5 at 34.75 s 1@37, 1@38, 1 @42.50 and I'm working a 47 offer on 1 and a 50.50 offer on the last one.
I won't be surprised if we turn good for a few days. (or ever)
Ya know ammo I don't e-sig subscribe to NYMEX so my oil trading is kaput. At least for Gold I can use the CBOT's ZG as a proxy for Comex. Energies I'm blind. Sorry.
Nice call Pabst!!! Whats your secret a crystal ball? lol
Once again congrats on that beautiful call!
YT
Once again congrats on that beautiful call!
YT
Going into the number now SHORT ES. I need to buy a few bonds as a hedge. Those darn ZB puts ate up two day's of index gains.
I covered 4 lower in ES. Not so sure about a strat for tomorrow. Perhaps I'lll just wait on the release. Bonds.....agh.
great call!
Long, disappointing week. My game plan this past Monday was to LOAD UP on SP puts as soon as ES printed 1402. Alas the high was only 1400. Until Wendsday I was certain the market would print above the figure. It didn't happen and it cost me literally 10's of thousands in opportunity. I'm sick about it. I ditched, re-shorted, ditched, reshorted ZB all week. Bunch of crap. The Euro is my current star position. I'm long Mch 146-142 verts for 110 and 116 points. I really like the trade but with EUR having traded a gigantic 5pts lower than it's high last Friday I'm worried about location, drawdowns ect. EUR is my only position. I'll try selling Wheat Monday.
Thank you Wheat!
been looking for follow up, hope you're well.
J
J
Just read about how tight supply is in China, how imports taxes have been reduced allowing higher prices to be paid as they are switching from net exporter to net importer. Also saw a inflations adjusted 30 year chart for beans and we are still at fairly low levels. Would be looking to go long Ags not short. When it is time to go short commodities will be looking to do so via EWZ, less risk of heat if wrong and potential for sell off synergies far more likely.