The Wallace Trading Method

French and German bank holiday's
I expect the Claims to be up

I should have stuck with the script: For Friday May 3/13:
' . . . basing Monday or Tuesday and then beginning a rally, yes, UP '

For Thursday May 9/13

upside: think the price is just going to continue up

downside: don't think there's going to be any except for the Claims -
unless it comes in lite
3:03pm pst
 
well the usdjpy's finally gone thru the 100 and should keep going for a while

thank goodness it's the end of the week; hopefully next week I'll re-synchronize my
analysis with my method again

For Friday May 10/13

upside: don't see any

downside: down; target, chasm line, or at least 1.2963
2:43pm pst

- - cl Sell ~ 95.86
 
this week could see the euro rally

For Monday May 13/13

the price could start down quickly to base, and checking XE I see it's already down
at 1.2959 , so going down to 1.2934 isn't a stretch. the but is whether it does base
or just keeps falling, maybe holding at the 1.2860 area, but again, continuing down

upside targets are 1.3340 and 1.3411 which appear too far away to be realised
2:03pm pst

gold Sell ~ 1477.73
- eur Sell ~ 1.3112
- jpy Buy ~ 99.166
- - cl Sell ~ 95.86
 
I expect the German, EU Zews and EU Ind Prod at 5am est to all be positive, but the
preliminary GDPs on Wednesday may be another matter

For Tuesday May 14/13

it's not surprising then we've had the hours of sideways price movement prior to the
reports, the price may drift down to the 1.2934 area which would make for a good Buy
level providing the reports Are positive. upside after the reports, well it ought to pop
the 1.30 level, 1.3050 ?
2:48pm pst
 
arse backwards again yesterday. the German prelim gdp at 2:00am est is one that
could go either way, the forecast is 0.3% , but I think I'll go with it being a minus
amount. France's gdp is at 1:30

For Wednesday May 15/13

the chasm line may hold the price but I think it's likely to go down to 1.2875 , maybe
the 1.2860 area
upside, 1.2935 , 1.2960s area ? if the gdp number comes in positive, particularly if it
beats the forecast then the price could rally higher into the 1.30s. then there's the
possibility that later in the session positive US reports will result in a euro sell-off
2:32pm pst
 
I'm changing from session analysis of the euro only to Day-to-Days / Buy & Hold
Buy, Sell, Close trades of the majors and some futures

I'll be doing my analysis after the session closes, and for better or worse, new B S C
trades won't be posted till after the close. what I may do if I'm any way sure is post a
B S C trade to be executed 'as late as possible' - PSTime bedtime, or executed 'first
thing in the morning' PSTime
I don't expect to be adding any analysis, but I may do

the gold trade is the xauusd and the crude a cfd, the next trades in those
commodities will be futures contracts. fx pairs are $10,000 mini lots
futures and fx profit / loss will be net after commissions/spreads

Thursday May 16/13 ~ 3:15pm pst

Claims smaller rather than larger

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -Profit - - - Loss - - - Total + - - - Total -
may 15 - AUDUSD ~ ~ Sell ~ ~ 0.98611 ~ C ~ 0.00000 ~ ~ $0000 ~ ~ $0000 ~ ~ $00000 ~ ~ $00000

may 5 - - EURUSD ~ ~ Sell ~ ~ 1.31121
expecting more downside and possibly a new low

may 15 - GBPUSD ~ ~ Sell ~ ~ 1.51971

may 15 - NZDUSD ~ ~ Sell ~ ~ 0.82098

may 15 - USDCAD ~ ~ Buy ~ ~ 1.01873

may 15 - USDCHF ~ ~ Buy ~ ~ 0.96464

may 5 - - -USDJPY ~ ~ Buy ~ ~ 99.166

may 9 - - - CRUDE ~ ~ Sell ~ ~ 95.86

may 55 - - - - - ES ~ ~

april 26 - - - GOLD ~ ~ Sell ~ ~ 1477.73

may 55 - - - - - NQ ~ ~

may 55 - - - - - YM ~ ~

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $000000 - - $000000
- - - - - - - - - - - - - - - - - - - - - - - - - - - Total - - Profit - - - - Loss
 
I'm throwing out that 'for better or worse' thing. I'll still post after the session close but
will also post new trades as and when they're made
in case you remember, I had 2 xauusd trades going, first was at 1388.26 , no idea
why I had a Sell when the price was rising, closed for a profit but won't include it in
the Trades Table
still putting together index charts. would prefer to be working in mt for analysis but
the NQ is missing a lump of data, so . . .

for Friday May 17/13 ~ 4:25pm pst

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Profit - - - - Loss - - - Total + - - - Total -
may 15 - AUDUSD ~ ~ Sell ~ ~ 0.98611 ~ C ~ 0.00000 ~ ~ $0000 ~ ~ $0000 ~ ~ $00000 ~ ~ $00000
may 5 - - EURUSD ~ ~ Sell ~ ~ 1.31121
back up to 1.2934 ? higher ?
may 15 - GBPUSD ~ ~ Sell ~ ~ 1.51971
may 15 - NZDUSD ~ ~ Sell ~ ~ 0.82098
may 15 - USDCAD ~ ~ Buy ~ ~ 1.01873
may 15 - USDCHF ~ ~ Buy ~ ~ 0.96464
may 5 - - USDJPY ~ ~ Buy ~ ~ 99.166
may break up thru 102.75
april 26 - - - GOLD ~ ~ Sell ~ ~ 1477.73
may be a critical day, watch to see if the price breaks thru 1355 and continues down
there may be a bounce and the price holds, or bounce then breakdown
may 55 - - - - - SI ~~
as above, plus silver's already broken down below its previous low of 22.73
may 9 - - - CRUDE ~ ~ Sell ~ ~ 95.86
may 55 - - - - - NG ~ ~
may 55 - - - - - ES ~ ~
may 55 - - - - - NQ ~ ~
may 55 - - - - - YM ~ ~
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - $000000 - - $000000
- - - - - - - - - - - - - - - - - - - - - - - - - - Total - - - Profit - - - - Loss
 
for Monday May 20/13 ~ 2:00pm pst

Currencies: more of the same
GC: 'will the price base ?'
SI: will enter a Sell today
CL: ? considering a Buy
NG: ? considering a Sell
ES NQ YM : will enter a Buy today

won't post trades till tomorrow's update

- - - - - - - - - - - - - - - - - - - - - - - - - - - - Profit - - - - Loss - - - Total + - - - Total –
may 15 - AUDUSD ~ ~ Sell ~ ~ 0.98611 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 5 - - EURUSD ~ ~ Sell ~ ~ 1.31121 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 15 - GBPUSD ~ ~ Sell ~ ~ 1.51971 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 15 - NZDUSD ~ ~ Sell ~ ~ 0.82098 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 15 - USDCAD ~ ~ Buy ~ ~ 1.01873 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 15 - USDCHF ~ ~ Buy ~ ~ 0.96464 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 5 - - USDJPY ~ ~ Buy ~ ~ 99.1660 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
april 26 - - -GOLD ~ ~ Sell ~ ~ 1477.73 ~ C ~ $ ~ ~ $ ~ ~ $ ~ ~ $ ~ ~ $
may 55 - - - - SI ~ ~
may 9 - - - - -CL ~ ~ Sell ~ ~ 95.8600 ~ C ~ $5.66 ~ ~ ~ $0 ~ ~ ~ ~ $5.66 ~ ~ ~ $0
may 55 - - - -NG ~ ~
may 55 - - - -ES ~ ~
may 55 - - - -NQ ~ ~
may 55 - - - -YM ~ ~

- - - - - - - - - - - - - - - - - - - - - - - - - - - $5.66 - - - - $0
- - - - - - - - - - - - - - - - - - - - - Total - - - Profit - - - - Loss
 
for Tuesday May 21/13 ~ 3:13pm pst

Currencies: all the traded currencies are playing with fibo levels, trends to resume
GC: has the price based ? up wave correction prior to a new low ?
SI: certainly got the bounce, as above
CL: no Buy yet, could it pop $100 ?
NG: ? ? ?
ES NQ YM : more Up to come

may 20 - - - - - - SI . Sell . . 21.245
may 20 - - - - - -ES . Buy . . 1663.50
may 20 - - - - - -NQ . Buy . . 3022.25
may 20 - - - - - -YM . Buy . . 15317

I'm still learning how to trade a portfolio and will write it up at a later date
shouldn't be trading the large SI contract, notwithstanding there'd still be a loss; will
keep the trade running regardless. Stops ???
the wait is for Wednesday, Lew's also speaking, the main matter is Wed 10am est
Bernanke's testimony to Congress 'outlook for the U.S. economy' and 2pm est the
FOMC minutes, 'when will the QE end ?'
after those are done with I expect the $ to continue to rally
 
for Wednesday May 22/13 ~ 2:00pm pst

basically no changes from yesterday

only caution is there's no 'slips of the tongue' in Bernake's testimony and that the
Minutes don't hold any surprises
 
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