The Wallace Trading Method

shoot ! didn't read the CME notice carefully enough, markets are open until tomorrow
at 10:30am CT early close, re-open regular time 17:00pm CT

ECB announcement 8:30am est yada yada yada

for Thursday July 4/13 ~ 3:50pm pst

Currencies: partly hanging over the market is the Greece thing and some Portugal
but it seems these things get resolved one way or another. some $ correcting is
seeing the pairs also correcting

aud: Sell 0.94905 same
eur: Sell 1.32177 now I'm wondering if the price will rally back up to the chasm line
gbp: Sell 1.55479 quite a strong correction rally, see if it tops around 1.5540
nzd: Sell 0.77049 the price has been bouncing off my Sell entry price for days now
maybe I should close the trade in the hope the price will drop thru and enter the trade
again, but I think the price is going to stay up for another week
cad: Buy 1.02261 same a small drop but up again Friday
chf: Buy 0.92888 same although the chf hit a 61 retracement, I 'believe' there's more
upside to come. closed the 0.94749 with $52.10 profit
jpy: Buy 96.046 same should see upside resume Friday

es: wasn't planning on writing anything till I saw a price tick and discovered the
markets were open. I'm just going to say sideways. I've planned to be away from the
computer till tomorrow afternoon so . . . bonne chance

gc - xauusd: Sell 1387.81 not much to say, in no man's land. should have taken profit
and entered a Buy or even a hedge Buy
..................
cl: same - price could stay up one more week. break 110 ??? maybe hit 104
ng: same - don't expect a lot of upside, down next week
.................
notes: still hot
 
theory: big NFP # = qe will stop, markets decline. small # = more qe, markets rally
opposite for $

for Friday July 5/13 ~ 2:44pm pst

Currencies: currently, the $'s C is the highest since this rally began in May 2011
I'm still not confident there won't be a sell off but if the price continues to rise it'll be
obvious the rally's on big time, particularly with the suggestions EU rates will fall and
the UK rate won't rise

aud: Sell 0.94905 same
eur: Sell 1.32177 pre BoE and ECB rally over, downside's on support, for the moment
have to expect the price to continue falling
gbp: Sell 1.55479 short covering rally Wed ? holding on a fibo level, but still down
nzd: Sell 0.77049 same
cad: Buy 1.02261 same, on its way up again
chf: Buy 0.92888 same, as above
jpy: Buy 96.046 same

es: depending on numbers and rate, might start down today

gc - xauusd: Sell 1387.81 same
..................
cl: same
ng: same
.................
notes: cooooolerrrr
 
Trading Margin ROI ~ Wk 5: trades Monday July 1 to Friday July 5 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . . . . profit / loss . . . . roi % . . . margin
aud . . . . . . . . . . . . $445.30 . . . . . . 138.88 . . .$320.62
eur . . . . . . . . . . . . $404.10 . . . . . . 93.19 . . . $433.62
gbp . . . . . . . . . . . .$659.20 . . . . . .130.07 . . . $506.77
nzd . . . . . . . . . . . . . $1.75 . . . . . . . 0.65 . . . $265.79
cad . . . . . . . . . . . $347.10 . . . . . . 100.39 . . . $345.72
chf . . . . . . . . . . . .$378.70 . . . . . . 119.90 . . . $315.83 ~ includes $52.10 first trade profit
jpy . . . . . . . . . . . . $535.60 . . . . . .129.89 . . . $412.33
fx pairs: . . . . . . . $2,813.00 . . . . . .108.16 . . . $2,600.68
Pairs: doubled the portfolio in 5 weeks instead of 6, not bad eh
will be closing the trades and double new trades - easier to calculate 1 than 2 prices
ES: I'll start demo trading a B&H sometime this week
dropped gold, will continue to analyze it

for Monday July 8/13 ~ 3:48pm pst

Currencies: all to do with the FOMC Minutes and Dr B's testimony next week

aud: may rally for a bit. will C Sell, may Buy temporary
eur: may rally for a bit. will C Sell, may Buy temporary
gbp: may rally for a bit. will C Sell, may Buy temporary
nzd: may rally for a bit. will C Sell, may Buy temporary
cad: Buy 1.02261 same
chf: Buy 0.92888 check into tomorrow's session, maybe a C
jpy: Buy 96.046 same

es: Sell I'm biased to a decline now. FOMC minutes are on Wednesday when Dr B
also gives a speech and the week after . . . 'testifies' . . . remember last time
..................
gc: Sell same still looking for 1154 - short term Buy
cl: Buy same
ng: Sell same, short term Buy
.................
notes: beautiful sunny day, not hot, almost forgot to come home
 

Attachments

re the 4 day es profit range, a comparison of the euro profitability:
June 18 C to June 26 C , 6 trading days 381 pips x 1,000 contracts = $4,762,500.00
fx pairs: http://www.forex4noobs.com/forex-tools/average-daily-ranges/

for Tuesday July 9/13 ~ 5:05pm pst

Currencies: well, everything seems to have slowed down

all doubles are 2 mini lots at 30:1 leverage
aud:C Sell 0.90506 $439.90 . . . . . Buy 0.90507
eur: C Sell 1.28248 $392.90 . . . . . Buy 1.28246
gbp: C Sell 1.48615 $686.40 . . . . Buy 1.48624
nzd: C Sell 0.77100 (-$5.10) . . . . . Buy 0.77105
cad: Buy 1.02261 same
chf: Buy 0.92888 same
jpy: Buy 96.046 same

es: Jul 8 some session. looking to enter a Sell, but it might be short lived; seems
like the price may be waiting on the Wed Minutes, tho wouldn't have thought it would
have affected trading to slow it so much
..................
gc: Sell same still looking for 1154 - short term Buy
cl: C B may have topped, high as it's going or started a correction before a new rally
ng: Sell same, short term Buy - still after the 3.83 ?
.................
notes: internet and tv down for 2 hrs
 
FOMC Minutes 2pm est

for Wednesday July 10/13 ~ 4:06pm pst

Currencies: bailout, euro spooked me; didn't think to Sell till this morning and did so
at the bottom of the wave. the aud and nzd Buys should have been left open, mistake
not to have realized there's 3 groups: au-nz pairs, eu-gb pairs, usd pairs
2 mini lots - 2 ml - at 30:1 leverage
aud: Buy 0.90507 C 0.91104 $119.40
eur: Buy 1.28246 C 1.28490 $48.80
gbp: Buy 1.48624 C 1.49235 $122.20
nzd: Buy 0.77105 C 0.77844 $147.80

aud: want to see if it comes off late Asia, thinking of Buy 4 ml, this in part is to stay
with the doubling. not sure the nzd is going much higher, tt on the aud is longer and
the usds are quite high already, so it just leaves the aud; 60 min, is that a triple top ?
aud:
eur: Sell 2 ml 1.27669
gbp: Sell 2 ml 1.48318
nzd:
cad: Buy 1.02261 same
chf: Buy 0.92888 same
jpy: Buy 96.046 same

es: thinking in terms of the price trading down to the Minutes, which shouldn't have
anything new or controversial, but who knows what a fly shite picker will notice
..................
gc: Sell same still looking for 1154 - C ? Buy - think it's spent and on the way down
cl: Buy corrected - in one session, 104 broken, onward and upward
ng: Sell same, C Buy, Sell, should break 3.50
.................
notes: getting hot again !
 
so, the Minutes digested and Dr B's Q&A and is anyone the wiser ?

for Thursday July 11/13 ~ 3:17pm pst

Currencies: several trades and I may hedge again, although I'm looking to Sell again
the eur and gbp

aud: Buy 4 ml 0.91483 C 091991 $203.20 ~ Sell 2 ml 0.91975
eur: hedge Buy 2 ml 1.28355 C 1.29639 $268.90 ~ Sell 2 ml 1.27669
gbp: hedge Buy 2 ml 1.49106 C 1.50060 $190.80 ~ Sell 2 ml 1.48318
nzd: will Buy hedge above 0.78680 ~ Sell 2 ml 0.78516
cad: Buy 1.02261 same
chf: Buy 0.92888 same
jpy: Buy 96.046 same

es: well, the Buy's still on since since June 24 , will it continue ? HAS to be a correc-
tion turn I believe for Dr B's testimony - bouncey bouncey, if not for profit taking
..................
gc: Sell same
cl: Buy same, think there's more into next week
ng: Sell same, I think
.................
notes: cooler
 
Quote from Wallace:

so, the Minutes digested and Dr B's Q&A and is anyone the wiser ?

for Thursday July 11/13 ~ 3:17pm pst

Currencies: several trades and I may hedge again, although I'm looking to Sell again
the eur and gbp

aud: Buy 4 ml 0.91483 C 091991 $203.20 ~ Sell 2 ml 0.91975
eur: hedge Buy 2 ml 1.28355 C 1.29639 $268.90 ~ Sell 2 ml 1.27669
gbp: hedge Buy 2 ml 1.49106 C 1.50060 $190.80 ~ Sell 2 ml 1.48318
nzd: will Buy hedge above 0.78680 ~ Sell 2 ml 0.78516
cad: Buy 1.02261 same
chf: Buy 0.92888 same
jpy: Buy 96.046 same

es: well, the Buy's still on since since June 24 , will it continue ? HAS to be a correc-
tion turn I believe for Dr B's testimony - bouncey bouncey, if not for profit taking
..................
gc: Sell same
cl: Buy same, think there's more into next week
ng: Sell same, I think
.................
notes: cooler
More...





"Cooler" u talking weather as in 6-10 day?
 
will post a Trading Update on Sunday

for Friday July 12/13 ~ 3:47pm pst

Currencies: OBVIOUSLY missed the euro turn AGAIN and the other pairs for that matter
waiting on turns and basing of the usds

eur: Sell 2 ml 1.27669 waiting on end of correction and then Sell again
gbp: Sell 2 ml 1.48318 ~ Sell 2 ml 1.51824
aud: Sell 2 ml 0.91975
nzd: Sell 2 ml 0.78516
cad: Buy 1.02261 C 1.04129 $179.39
chf: Buy 0.92888 C 0.94987 $220.98
jpy: Buy 96.046 C 99.4560 $342.87

es: I think we're going to have a correction that begins - now actually that continues
into August; an alternate is the correction lasts only till Dr B's testimony has finished
next Thursday, with a no reports day Friday that can be used to re-thrash the QE dead
dog one more time, have a breather, and, BUY. third alternate is that the price keeps
going up in which case ignore previous except the bit about BUY
..................
gc: Sell same. gold almost hit a 50 , I'll give a topside of 1327 or so but it's top may
be in and it'll travel sideways for a week or two before declining again to new lows
cl: Buy same, top in ?
ng: Sell same
.................
notes: cooler and beautifully sunny
 
lots of announcements this week with the focus on Dr B's 2 day testimony on Wed
beginning at 10pm est and again on Thurs
is there anything he Hasn't said ?
he reads a prepared speech, but what new questions may arise, could there be one
of those . . . what ?
mis-speaks ? mis-understoods ? don't understands ? or will all be copasetic, or
will a questioner push him to answer a question that shouldn't have been asked ?

Trading Margin ROI ~ Wk 6: trades Monday July 8 to Friday July 12 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . . profit / loss . . . . roi % . . . . initial margin
fx pairs: . . . . . . . $4,654.24 . . . . 178.96 . . . . $2,600.68

ES: I'll start demo trading a B&H sometime this week

for Monday July 15/13 ~ 1:50pm pst

Currencies: has the $ topped ?

eur: Sell 2 ml 1.27669 ~ Sell 2 ml 1.30863 + hedge trading this and the gbp
gbp: Sell 2 ml 1.48318 ~ Sell 2 ml 1.51824
aud: Sell 2 ml 0.91975
nzd: Sell 2 ml 0.78516
cad: Sell 2 ml
chf: Sell 2 ml
jpy: Sell 2 ml

es: same story, I'm expecting some sort of correction
..................
gc: Sell same.
cl: Buy same
ng: Sell same
.................
notes: watching Le Tour ? something I enjoy doing every year
 

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