The Wallace Trading Method

for Friday June 14/13 ~ 3:08pm pst

Currencies: going to wait till Mon/Tue before I do anything then probably add B-Ss
currently down $1K+ across the fx board
aud: Sell 0.94905
eur: Sell 1.32177 a reversal formation on the 60 min ?
gbp: Sell 1.55479
nzd: Sell 0.79262
cad: Buy 1.02261
chf: Buy 0.94749
jpy: Buy 96.046

es: thinking the price will start to fall as soon as the market opens; could I be wrong
about that, yes. watch to see if it rallies and perhaps when the euros mkt opens it'll
start to fall then. continue the rally to last Wed's H ? don't think so. want to see how
the price closes but think next week the price will decline to the fomk announcement
jun 13 Buy 3 ES 1602.75 C $178.14
jun 13 Buy 4 ES 1606.75 C $937.52
jun 13 Buy 4 ES 1609.25 C $1,137.52
jun 13 Buy 4 ES 1613.50 C $487.52
jun 13 Sell 4 ES 1617.25 C $387.52
jun 13 Sell 4 ES 1624.50 C $437.52
jun 13 Buy 6 ES 1623.00 C $1,556.28

gc: Sell 1387.81
..................
cl: going to break UP ?
ng: still looking for 3.6
.................
notes: tgif ;
 
Account Margins: trading fx I deposit the margin for each pair x 2
futures trading I deposit the o/n margin. the much lower day trading margin
allows me to comfortably trade up to 4 ES contracts per o/n margin

Trading Margin ROI ~ Wk 2: trades Monday June 10 to Friday June 14 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . profit / loss . . . . . roi % . . . . margin
fx pairs: . . . . . -($1,112.02) . . . . -42.75 . . . $2,600.68
gld: . . . . . . . . -($3.18) . . . . . . . -0.45 . . . . $693.91
es: . . . . . . . . . $25,847.66 . . . . 671.36 . . . $3,850.00
fx gld es . . . . . $24,732.46 . . . . 346.17 . . . .$7,144.59
es day trades: . $25,847.66 . . . . 538.49 . . . $4,800.00 ~ 12 contracts X $400 per

there's a fairly busy announcement week ahead with the main focus on the FOMC's
on Wednesday, which also includes the quarterly Forecast. to date September is the
month that's being speculated will see the beginning of the end of QE, while some
are now saying December. Bernanke will probably be pushed, particularly with the
release of the Forecast to state When QE is coming to an end, but he's unlikely to
provide a definitive answer at this time

for Monday June 17/13 ~ 12:53pm pst

Currencies: 'for Monday June 3/13 ~ 2:44pm pst' why didn't I act on that information ?
maybe some $ upside till Dr B's news conference, after that, the decline resumes
will wait till then before entering new trades, hedges at least but maybe closing all
the trades and entering new positions

aud: Sell 0.94905
eur: Sell 1.32177 decline till Wednesday ? 1.3227 - 1.3117 ? 1.3194-80 ?
gbp: Sell 1.55479
nzd: Sell 0.79262
cad: Buy 1.02261
chf: Buy 0.94749
jpy: Buy 96.046

es: I believe the es topped with a 4H reversal formtion May 22-28 , but there's the
possibility that there'll be a rally back up untill the month end to complete another
reversal formation, after which the main decline will begin. this is speculative and to
some extent dependant on what Dr B has to say on Wednesday. the alternate is that
the top IS in, the price Won't rally but drop thru whatever Dr B has to say
in any event I'm expecting the price to decline untill Dr B's said whatever

Friday June 14 trades:
Sell . 8 ES 1638.50 C $1,137.54
Sell 12 ES 1636.00 C $862.26
Sell 12 ES 1634.75 C -($337.44)
Buy 12 ES 1623.00 C $712.56
Sell 12 ES 1623.00 C $2,062.50
Buy . 1 ES 1618.25 C $234.38
Buy 11 ES 1617.75 C $2,853.10
Sell 12 ES 1623.50 C $562.56
Buy 12 ES 1622.75 C $862.56
Sell 12 ES 1624.75 C $2,362.50

gc: Sell 1387.81 likely to rally some again till Wednesday, then . . .
..................
cl: break thru 100.73 ? looking for 103 longer term
ng: still looking for 3.6
.................
notes: another interesting week ahead, good luck
 
for Tuesday June 18/13 ~ 3:41pm pst

Currencies: some re-adjustment occurring, see how it goes

aud: Sell 0.94905
eur: Sell 1.32177 if the price continues to decline then yesterday's D C has what
now looks like a reversal formation
gbp: Sell 1.55479
nzd: Sell 0.79262
cad: Buy 1.02261
chf: Buy 0.94749
jpy: Buy 96.046

es: well this is the last of the upside I believe; price should decline from here and
not do another run-up as it did yesterday. how low ? break yesterday's lows then
1617 and maybe down to 1608 . seems to me the price is either going to base in
the high 1590s or drop thru
the alternate is the price keeps rising, perhaps to the 1655 area from which after
Wednesday it'll continue on like a rocket, or begin to decline again

jun 17 Sell 25 ES 1639.25 C $2,756.38
jun 17 Buy 25 ES 1638.25 C $2,109.50
jun 17 Sell 25 ES 1638.25 C $9,922.00
jun 17 Sell 25 ES 1630.75 C $5,234.50

gc: Sell 1387.81 now it looks like it's tipped into the acceleration point, plunge ?
..................
cl: same: break thru 100.73 ? looking for 103 longer term
ng: although entered the 3.6 area the price has hit support and going to, 4.02 ?
.................
notes: I've been missing entries and exits due to faffing around on the computer
because it's soooo borrrrrring waiting, don't you find that ? the cumulative missed
points add up to a Large amount and will continue to do so unless I 'Pay Attention !'
 
via Econoday 5/22/13 : http://mam.econoday.com/byshoweventfull.asp?fid=459194&cust=mam&year=2013&lid=0&prev=/byweek.asp#top
"In questions and answers, Bernanke said tapering is a possibility, but only that.
Should the labor market improve, while at the same time inflation pressures
remain low, Bernanke told lawmakers that the Fed would "of course" end its
asset-purchase program, perhaps within the next few FOMC meetings. But he
carefully stressed that even if the Fed begins to step down the pace of asset
purchases (currently at $85 billion per month), the move would not automatically
point to the complete wind down of the program. He said a winding down would be
subject to changes in jobs and inflation. If the recovery were to falter, he said the
winding down would be delayed."

well at least he may provide some definitive clarification - "the rest of you SHUT UP !"

for Wednesday June 19/13 ~ 3:45pm pst

Currencies: will close and reverse the euro trade but keep the others as is for the
present, maybe B the chf again

aud: Sell 0.94905
eur: Sell 1.32177 added a new Regression channel on the D from July 24/12 which
now has the price right up against the ml, break thru ? going to the moon
gbp: Sell 1.55479
nzd: Sell 0.79262
cad: Buy 1.02261
chf: Buy 0.94749
jpy: Buy 96.046

es: the price is still well below the major mls touched by the HH on the 10th, around
1600 , so the probability is that an AB base completed between June 6-13 , there won't
be an M base as I was thinking and we'll be UP till September presuming Dr B's answers
give the "BUY BUY BUY"

jun 18 Sell 25 ES 1630.75 C $859.50
jun 18 Sell 25 ES 1637.75 C $1,172.00
jun 18 Buy 25 ES 1634.25 C $3,672.00
jun 18 Sell 25 ES 1635.75 C -($78.0)
jun 18 Sell 25 ES 1641.00 C $547.00
jun 18 Buy 25 ES 1643.25 C $859.50

gc: Sell 1387.81 bounced a fibo level but that's not going to help longer term
..................
cl: same: break thru 100.73 ? looking for 103 longer term
ng: same: going to, 4.02 ?
.................
notes: I'll be glad and I hope happy when trading's over today, good trading
 
"yuh unnerstan, huh ?"

Dr B's leaving apparently, do we run for the hills when he's gone ?

for Thursday June 20/13 ~ 3:03pm pst

Currencies: fibo levels have been bounced which may indicate some corrections -
if that's what they are - have completed. how long will the $ remain up ?

aud: Sell 0.94905 continuing Sell
eur: Sell 1.32177 continuing Sell for present
gbp: Sell 1.55479 continuing Sell
nzd: Sell 0.79262 continuing Sell
cad: Buy 1.02261 continuing Buy for present
chf: Buy 0.94749 continuing Buy, new Buy 0.92888 (a week late)
jpy: Buy 96.046 continuing Buy

es: my 'line in the sand' is around 1617 . this assumes the price bases there then
begins to rally this session. other alternates: price declines to the 1596-80 area
bases, rallying but perhaps not till next week, these levels are in part fibos and
previous Ls: the price continues to drop, DOWN

jun 19 Sell 25 ES 1644.75 C $10,859.50
jun 19 Sell 25 ES 1642.75 C $4,609.50
jun 19 Buy 25 ES 1630.75 C $1,797.00
jun 19 Buy 25 ES 1633.50 C -($662.38)

gc: Sell 1387.81
..................
cl: same: break thru 100.73 ? looking for 103 longer term
ng: same: going to, 4.02 ?
.................
notes: do you REV ? 'in theory' if one's exiting a profitable trade, doesn't one do so
by hitting the REV button ? haven't got to that second part where I enter the opposite
trade, which includes taking losses rather than risk compounding the error with a REV
 
for Friday June 21/13 ~ 2:35pm pst

Currencies: not a lot to say about the $, guessing time. does it stay up ? correct ?
go higher ? drop ? it's that triple top on the D and W that's got me, IS it a reversal ?
going to have to wait into next week to see what the price does

aud: Sell 0.94905 continuing Sell
eur: Sell 1.32177 continuing Sell for present
gbp: Sell 1.55479 continuing Sell
nzd: Sell 0.79262 C 0.77308 decided to take profit, maybe early, may re-enter later
cad: Buy 1.02261 continuing Buy for present
chf: Buy 0.94749 Buy 0.92888 continuing Buys for present
jpy: Buy 96.046 continuing Buy

es: broke the 50 and closed a half point under it, will the price go for the 61 ?
not familiar enough with the es but I've lines intersecting the 61 at 1559 and 25 points
isn't that much more, is it ? maybe a late sell-off tomorrow, nice end to the week ;

jun 20 Sell 50 ES 1607.50 C $24,219.00
jun 20 Sell 50 ES 1600.75 C $14,219.00
jun 20 Sell 50 ES 1598.50 C $11,094.00
jun 20 Sell 50 ES 1583.75 C $38,594.00
jun 20 Sell 50 ES 1583.25 C $2,344.00

gc: Sell 1387.81 went thru the 50 without stopping so we're looking at around 1154
maybe sometime next week if it keeps up the pace - do it tomorrow ???
..................
cl: still thinking up. break thru 100.73 ? looking for 103 longer term
ng: nice correction, still looking for 4.02
.................
notes: nt disconnected last evening, nt support said no problems and suggested I
re-install, I was a few Vs behind so uninstalled reg cleaned and went to download
setup. took about a dozen attempts before I got it; internet was working at 10% of
usual, isp had problems; shut down till this morning then dld and installed
interesting, as the es approached a 61 the 1 min bar suddenly dove thru it by a point
or so, 41,184 contracts traded during that minute with a 7 tick range, not bad eh ?
 
Trading Margin ROI ~ Wk 3: trades Monday June 17 to Friday June 21 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . profit / loss . . . . roi % . . . . . margin
fx pairs: . . . . . . $1,832.87. . . . .70.47 . . . . $2,600.68
gld: . . . . . . . . . . . $95.23 . . . . 13.72 . . . . . $693.91
es: . . . . . . . . . $278,922.86 . .7,244.74 . . . $3,850.00
fx gld es . . . . . $280,850.96 . . 3,903.97 . . . $7,144.59
es day trades: . $278,922.86 . . . 697.30 . . . $40,00.00 ~ 100 contracts X $400 per

lot of announcements this week, check your calendar

for Monday June 24/13 ~ 9:36am pst

Currencies: see attached pdf

aud: Sell 0.94905
eur: Sell 1.32177
gbp: Sell 1.55479
nzd: Sell 0.79262 C 0.77308 new Sell 0.77049
cad: Buy 1.02261
chf: Buy 0.94749 Buy 0.92888
jpy: Buy 96.046

es: see attached pdf

Friday June 21 trades:
jun 21 Sell 100 ES 1589.50 C $7,188.00
jun 21 Sell 100 ES 1587.75 C $2,188.00
jun 21 Sell 100 ES 1588.25 C $49,688.00
jun 21 Sell 100 ES 1584.00 C $28,438.00
jun 21 Sell 100 ES 1577.75 C $12,188.00
jun 21 Sell 100 ES 1573.50 C -($1,562.00)
jun 21 Sell 100 ES 1576.00 C $14,688.00
jun 21 Sell 100 ES 1586.25 C $8,438.00

gc: Sell 1387.81 see attached pdf
..................
cl: see attached pdf
ng: see attached pdf
.................
notes: given what's happened in Calgary because of the rainfall and flooding, guess
we're lucky in BC to have internet service at all, and the worst is, those living in the
flood area don't have 'above ground' flood insurance !!! there's no such beast in
Canada, how can that be ?
no info yet about government aid, but there must be thousands who're going to be
wiped out financially and have no home to live in
 

Attachments

for Tuesday June 25/13 ~ 2:55pm pst

Currencies: $ correcting, higher prices or reversal ?

aud: Sell 0.94905 bounced a fibo, down again ?
eur: Sell 1.32177 surprised it held the chasm line but expect it to drop this session
gbp: Sell 1.55479 fibo but expect more downside
nzd: Sell 0.77049 really holding on, getting me worried
cad: Buy 1.02261 hit a fibo, consolidating before more upside ?
chf: Buy 0.94749 Buy 0.92888 still expecting upside
jpy: Buy 96.046 fibo again and again expecting upside

es: expecting more downside, 1533-29 areas

Monday June 24 trades:
4 trades 23.75 points x 200 contracts net : $235,004.00

gc: Sell 1387.81 well it hasn't broken above the 50 so just a rest before the next drop
..................
cl: more downside
ng: looks like a base but . . .
.................
notes:
 
for Wednesday June 26/13 ~ 3:20pm pst

Currencies: $ correcting

aud: Sell 0.94905 same
eur: Sell 1.32177 some up correction then down
gbp: Sell 1.55479 same
nzd: Sell 0.77049 same
cad: Buy 1.02261 same
chf: Buy 0.94749 0.92888 same
jpy: Buy 96.046 same

es: some decline, correcting rally to 1595 area, down again - US session ? or v v
June 25 trades: 3 trades 5.5 pts x 400 contracts net : $186,238.00

gc: Sell 1387.81 same
..................
cl: same
ng: could drop to 3.58 , 3.47
.................
notes:
 
for Thursday June 27/13 ~ 4:34pm pst

Currencies: $ correcting

aud: Sell 0.94905 same
eur: Sell 1.32177 finally broken thru, don't expect the price to hold here but continue
down and break thru the lower chasm line, 'maybe' not till next week
gbp: Sell 1.55479 same
nzd: Sell 0.77049 same
cad: Buy 1.02261 same
chf: Buy 0.94749 0.92888 same: will close the 0.94749 trade when it's reached
jpy: Buy 96.046 same

es: may sell off a bit until the Claims come in, lower than expected, the rally should
renew and I'm looking for around 1618 , 'maybe' not till Friday
June 26 trades: 5 trades 21 pts x 600 contracts net : $619,440.00

gc: Sell 1387.81 hanging on a fibo level
..................
cl: same
ng: same
.................
notes:
 
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