The Wallace Trading Method

a Lot of potentially market moving economic announcements this week

Trading Margin ROI ~ Wk 8: trades Monday July 22 to Friday July 26 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . . profit / loss . . . . roi % . . . . initial margin
fx pairs: . . . . . . . $13,799.33 . . . . 530.60 . . . . $2,600.68

for Monday July 29/13 ~ 12:38pm pst

I expect this week to be the 'change' week, currencies and indices, a 'watch it !' week
because of bouncing reactions to reports, but also a potentially very profitable period

Currencies: $'s turned up for a while, a few days, perhaps the whole week

eur Sell 1 L 1.32787 C 1.32697 $90.00
gbd Sell 1 L 1.53906 C 1.53738 $168.00
eur Sell 1 L 1.32810 C 1.32546 $264.00
eur Buy 1 L 1.32598 C 1.32854 $256.00
gbd Sell 1 L 1.53888 C 1.53619 $269.00
gbd Buy 1 L 1.53677 C 1.53882 $205.00

eur: Sell: believe the price has started down
gbp: Sell: similar to above
jpy: Sell 2 ml 99.528 ~ forgot I'd got this on, will keep it open and hedge it
..................
aud: Sell
nzd: Sell
cad: Buy
chf: Buy
jpy: Buy
..................
es: Sell believe the top's in, reversal formation complete, so the price should drop
soon after it opens

Sell 10 1683.25 C 1675.50 $3,839.80
Buy 10 1677.50 C 1683.75 $3,089.80
Sell 10 1685.50 C 1684.50 $496.48
Sell 30 1687.50 C 1675.00 $18,644.40
Sell 50 1680.00 C 1671.50 $21,074.00
Buy 50 1672.00 C 1985.75 $34,199.00

total: $88,709.36 to jul26 C

..................
gc: Buy correcting
cl: cautious Buy; still looking for a rally back up, possible, new high ?
ng: Sell next price target 3.266
..................
notes: very pleasant
 
for Tuesday July 30/13 ~ 3:38pm pst

Currencies: the $ hasn't yet moved as strongly as I'd expected, might drop a bit and
then resume it's rally. the FOMC meeting's today, the announcement tomorrow so
there's time for the price to rise and I'm presuming the price will pop 82 . there is tho
the possibility of the price dropping to the 61 , about 81.40 , and possibly lower

eur: Sell 1 L 1.32883 C 1.32425 $458.00
eur: Sell 1 L 1.32638 C 1.32601 $37.00
gbd: Sell 1 L 1.53943 C 1.53395 $548.00
gbd: Sell 1 L 1.53552 C 1.53414 $138.00

eur: eur: Sell 1 L 1.32657
gbp: gbd: Sell 1 L 1.53571
..................
aud: Sell
nzd: Sell
cad: Buy waiting on . . .
chf: Buy
jpy: Buy / Sell 2 ml 99.528 hasn't turned into a Buy, looks like it's basing on the 38 –
will it hold ?
..................
es: the price may go back up to the 1687 area, or only the 1685 and there'll possibly
be a narrow sideways range until Wednesday's announcement, the but is that a slow
extended correction is continuing and the next stage is down
Buy / Sell - with caution

Jul 29: Sell 100 1687.00 C 1683.00 $19,648.00
Jul 29: Sell 100 1688.50 C 1677.00 $57,148.00
Jul 29: Buy 200 1677.25 C 1680.25 $29,296.00
Jul 29: Sell 200 1682.50 C 1681.00 $14,296.00
..................
gc: Buy correcting
cl: cautious Buy; still holding a 76
ng: Sell next price target 3.266
..................
notes: a lot of waiting appears to be going on with the prices, don't look away !
 
ADP 8:15am est down; advance GDP and PI 8:30am est both below consensus imo
as you know the FOMC Minutes are a written statement only, but because of the
reclassifications made to the calculation of the gdp, there might be something
related to that which in turn might produce some difference compared to prior
statements that scrutinizers will seize on, alternate is nothing different

flux days until after the NFP on Friday

for Wednesday July 31/13 ~ 4:07pm pst

eur: Sell 1 L 1.32657 C 1.32536 $121.00
eur: Buy 1 L 1.32410 C 1.32649 $239.00
eur: Sell 1 L 1.32635 C 1.32489 $146.00
eur: Buy 1 L 1.32491 C 1.32627 $136.00
gbd: Sell 1 L 1.53571 C 1.52272 $1,299.00
gbd: Sell 1 L 1.52458 C 1.52339 $119.00
jpy: Sell 2 ml 99.528 C 97.889 $334.87

Currencies: the $ finally made a move and may do so again after some correction
surprised the eur stayed up while the gbp dropped

eur: Sell ??? hanging on the 76 again, not sure when it'll break but presuming down
gbp: Buy ? may be reversing, the price may drop to the 1.5226 area again and I'll Buy
or I've missed the entry but may still Buy - unless it's a Sell ;
..................
aud: Buy short term 0.9130-40 ?
nzd: Buy short term 0.8020 ?
the usds could turn into Sells before the end of today's session so watch em !
cad: Buy
chf: Buy
jpy: Sell ?
..................
es: best I'm going to say is more sideways until the third 4H, maybe 2nd or 3rd hour
when the price may begin to drop, but I am expecting a down day

es: Buy / Sell - with caution

Sell 200 1687.00 C 1678.00 $89,296.00
Sell 300 1679.25 C 1678.75 $6,796.00
Buy 300 1679.00 C 1684.00 $73,944.00
..................
gc: Buy correction over ?
cl: Buy - cautious, still haven't given up on a run back up - hanging on a different 76
ng: Sell same
..................
notes: record for consecutive sunny days
 
some eu 2 min early releases
BoE 7am est, ECB 'conference' and Claims up ? 8:30am est + several other US

for Thursday August 1/13 ~ 7:11pm pst

Currencies: major week and month change, more on the weekend
the $ broke the 82 significantly, reversed to air kiss the 61 , rally and the break down
should continue

e S 1.5 1.32651 C 1.32508 $214.50
e B 1.5 1.32523 C 1.32691 $252.00
e S 1.5 1.32689 C 1.32159 $795.00
e S 2 1.33263 C 1.32709 $1,108.00
e S 2 1.33318 C 1.32928 $780.00
g S 1.5 1.52339 C 1.51939 $600.00
g B 1.5 1.51951 C 1.52051 $150.00
g S 1.5 1.51999 C 1.51282 $1,075.50
g S 2 1.52080 C 1.51583 $994.00
g S 2 1.52380 C 1.51808 $1,144.00

eur: Buy close the session up ? a new high ?
gbp: Sell they wouldn't surprise cut would they ? reduction of qe ? a run down till the
announcements ?
..................
aud: Sell this pair's the current 'jpy', still declining since April with what looks like a
Lot more to go
nzd: Sell
cad: Sell think we're at the tip point, 1.0122 area
chf: Sell
jpy: Sell sitting on fibo levels but should drop
..................
es: if the session closes up it would make me think the NFP numbers will come in
low and there'll be a sell off on Friday, more sideways

S 500 1686.75 C 1683.00 $91,990.00
B 500 1683.25 C 1686.00 $66,990.00
S 500 1685.75 C 1684.25 $35,740.00
B 500 1684.75 C 1687.00 $54,490.00
S 500 1688.75 C 1682.25 $160,740.00
S 1K 1692.25 C 1681.50 $265,230.00

es: Buy / Sell - with caution
..................
gc: Buy should get some more upside
cl: Buy so we got the bounce, will it continue ?
ng: Sell same
..................
notes: record no rainfall - IF it doesn't rain before 10pm
 
NFP down, below consensus ? rate down a bit

for Friday August 2/13 ~ 3:43pm pst

Currencies: expecting the $ to turn down soon after opening

oops ! yesterday's calls obviously arse backwards, hmmmm

eur: Buy 2 1.32016 ~ if early will hedge
gbp: Buy 2 1.51129 ~ if early will hedge
..................
aud: Buy may be turning up for a while
nzd: Buy short term
cad: Buy tip point my ass, but, shouldn't it go down with the other usds ?
chf: Sell watch out for a turn down which may have begun
jpy: Sell possible, same as chf
..................
es: believe a top's in for the time

S 1K 1693.50 C 1692.00 $71,480.00
B 1K 1692.00 C 1697.00 $246,480.00

es: Sell 1.5K 1702.50
..................
gc: Sell
cl: Buy continuing, new high ?
ng: Sell same
..................
notes: record
 
for Monday August 5/13 ~ 12:54pm pst

Trading Margin ROI ~ Wk 9: trades Monday July 29 to Friday August 2 Close
includes closed and current open trades, adjusted running profit or loss
. . . . . . . . . . . . . profit / loss . . . . . roi % . . . initial margin
fx pairs: . . . . . . . $32,977.70 . . . 1,268.04 . . . . $2,600.68

Currencies: is the $ going to base here and rally into a correction formation ?
the March-April period saw the $ moving in a band between about 83.35 and 81.50
so I've an eye out for something similar occurring

e B 2.5 1.32016 C 1.32114 $245.00
e S 2.5 1.32108 C 1.31933 $437.50
e B 2.5 1.31991 C 1.32756 $1,147.50
e S 2.5 1.32726 C 1.32402 $486.00
e B 3.0 1.32419 C 1.32889 $1,410.00
g B 2.5 1.51129 C 1.51187 $145.00
g S 2.5 1.51170 C 1.51044 $315.00
g B 2.5 1.51562 C 1.52679 $1,675.50
g S 2.5 1.52633 C 1.52237 $594.00
g B 3.0 1.52270 C 1.52948 $2,034.00

eur: Buy
gbp: Buy
..................
aud: Sell may turn to Buy
nzd: Sell may turn to Buy
cad: Buy
chf: Sell could turn to Buy quickly
jpy: Sell could turn to Buy quickly
..................
es: Sell correction

no more demo trading, analysis only

S 1.5K 1702.50 C 1701.25 $88,470.00
S 1.5K 1703.00 C 1699.00 $294,720.00
S 2K 1700.75 C 1696.50 $417,960.00
B 2K 1697.00 C 1700.00 $292,960.00
S 2K 1699.50 C 1696.25 $317,960.00
S 3K 1699.50 C 1697.25 $326,940.00

tot: $3,111,283.36
..................
gc: Sell/Buy session, price may drop but believe there's more upside
cl: Buy still on
ng: Sell till 3.266 when a correction should occur
..................
notes: bank holiday here
 
for Tuesday August 6/13 ~ 3:14pm pst

full circle. dropped trading the gbp
trading the 6E + 3 pips above the eurusd, but no difference in trades' profit / loss
in case you don't know the difference between the trading margins of the 6E v eurusd
6E day trade margin $500.00 ~ eurusd 1 Lot day or o/n margin @ 30:1 ~ $$4,420.17
$32,977.70 account marging permits 30 6E contracts traded v 7 for the eurusd
6e B 30 contracts ~ 1.3240 C 1.3260 ~ $7,366.80 net $4.44 rt comm x 30 = $133.20
eur B 7 Lots @ 30:1 1.3240 C 1.3260 ~ $1,400.00 net

B 7 1.3240 C 1.3260 $1,400.00
S 7 1.3265 C 1.3254 $770.00
S 7 1.3161 C 1.3256 $350.00

Currencies: $ held a fibo level and may pop up again

eur: Sell don't expect the price to break 1.32658/1.3268 will enter a Sell looking for
1.3176 - 63 area , has to break 1.3232 area
..................
aud: Sell short term Buy, may stay up a bit but Sell's still on
gbp: Buy think this stays on till Wednesday when Carney speaks
nzd: Sell same as aud
cad: Buy maybe one more up
chf: Sell pop up a bit ?
jpy: Sell
..................
es: Sell correction
..................
gc: Sell 1283 area and base ?
cl: Buy
ng: Sell nearly there
..................
notes: should have gone to the beach
 
for some sicko psycho sado maso reason I deleted my original Monday analysis
actually, I made a copy, then wrote the one I posted. here's the original:
' I'm expecting the $ to continue down
the euro, based on various lines etc has a Lot of upside potential technically and we
also know the qe will continue, so we've a Buy till the FOMC meeting of Sep 17-18
corrections along the way. there's 2 gls near fibo levels 1.35 1.362 - 1.366 areas with
an sdc ml between them, price targets at the 61 of 1.3832 , and higher
the alternate is the price drops from here, for 2 ? weeks. '
I think I must have been pizzed off I'd be working Monday while everyone else was on
holiday. was I punishing you the reader ? absolutely not, my apologies anyway
rest assured, I'm in my happy place again, there will not be a repeat of the Monday
sicko psycho sado maso post again, next time I'll take the holiday

BoE Gov Carney on Inflation Report 5:30am est

for Wednesday August 7/13 ~ 2:52pm pst

S 7.5 1.3262 C 1.3255 $525.00
S 8 1.3270 C 1.3250 $1,600.00
S 8 1.3315 C 1.3285 $2,40000
S 8.5 1.3297 C 1.3296 $85.00
B 8.5 1.3307 C 1.3312 $425.00
S 9 1.3212 C 1.3302 $900.00
S 9 1.3311 C 1.3304 $630.00

eur: Buy should blow thru the 61 at 1.3345 , but, could turn down for a correction then
rally again starting Friday or Monday
..................
aud: Buy keep going to 0.9130s ?
gbp: Buy
nzd: Buy
cad: Buy
chf: Sell
jpy: Sell
..................
es: Sell
..................
gc: Sell could drop another 10 or 20 bucks and still rally again, lower, it's gone
cl: Sell top may be in and down from here, but, if the price holds the 100 area - max
there's the possibility that's the end of a bull correction and the price will rally again
ng: Sell neeeearly there
..................
notes: hotting up
 
for Thursday August 8/13 ~ 3:15pm pst

eur: Sell/Buy ? think we're going to have a down day, or part of one
the eurusd July 31 HH 1.33439 and Aug 7 HH 1.33445 suggests a correction rather
than top (although it could be a top) as yesterday's HC was well above the 31's and
the close 1.33358 not far below the 61 at 1.33451
why didn't the price punch thru the 61 ? the ECB Monthly Bulletin is at 4am est is that
the reason the rally stopped ? down to 1.3319-14 ? 1.33 ?

S 11.5 1.3344

B 9.5 1.3295 C 1.3312 $1,615.00
S 9.5 1.3308 C 1.3283 $2,375.00
B 10.5 1.3320 C 1.3343 $2,415.00
S 11 1.3342 C 1.3332 $1,100.00
B 11 1.3332 C 1.3343 $1,100.00
..................
aud: Buy
gbp: Buy
nzd: Buy 0.8065 ?
cad: Buy
chf: Sell
jpy: Sell
..................
es: Buy/Sell should hit 1691+ , and turn down ?
..................
gc- xauusd: Buy/Sell see if it breaks 1296.05 , but a slow drift down
cl - cfd: Buy short term, may turn, on a fibo level but could drop easily
ng - cfd: Sell there's a 50 level at 3.184 (3.10) so that's where the price should play
for a couple of days
..................
notes: hot
 
for Friday August 9/13 ~ 2:55m pst

eur: Buy/Sell ? can't make up my mind whether the price will continue up or close down
1.3345 area ? the rally tho should continue next week, current W C is well above June's

S 11.5 1.3344 C 1.3331 $1,495.00
B 11.5 1.3336 C 1.3394 $6,670.00
B 13 1.3386 C 1.3395 $1,820.00
S 13.5 1.3398 C 1.3384 $1,890.00
B 14 1.3384 C 1.3390 $840.00
S 14 1.3390 C 1.3382 $1,120.00
..................
aud: Sell could stay up a bit, but expecting the price to turn down
gbp: Sell right shoulder on the W, but could stay up a while before turning down
nzd: Buy 0.8063 , maybe 0.8106 which is major resistance
cad: Sell/Buy/Sell difficult to know if it'll bounce the fibo at 1.02913 rally, maybe stay
up, sideways the session, or drop thru the 38 . Employment at 8:30am est - bouncy !
chf: Sell
jpy: Sell
..................
es: Sell may do a correction first but down
..................
gc: Buy/Sell could stay up most of the session then turn down
'a slow drift down' - looking at the W
cl: Sell could base here; next week before direction's confirmed
ng: Buy sneaky, turned before it hit the 50 . could stay up, back to 3.479 ?
..................
notes: nice. have a good one
 
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