Youngtrader's Commodity Journal
- Thread starter youngtrader
- Start date
Thanks a lot! I wish you luck in 08!
Quote from EeG:
Hey, impressive stats. How are you definiting how many contracts you will be trading (use MM or always 100% in positions)?
Sorry about my writting skill, but in school I don't like very much English grammar and poetry lessons.
Thanks for the compliment! Im not sure I understand your question
but I decide how many contracts to trade based on the situation. If I think it has big potential I will trade quite a few contracts. Sometimes I will only trade just 1 contract. When im trading the pound intra day I only trade 1 contract at a time but am looking to up my size to 5 contracts at a time during the summer.lol don't worry about the typing skills lol! I am not a big fan of school either (only one more year of high school left to go!!!).
Still short my pound from 197.29. Closed at 196.95. I see no reason to take this off yet.
Looking to short march oil monday at the price of 96.84. This thing is over and we are going drastically lower from here.
Also looking to short the s&p pretty quick. I have not really worked out how I am going to go about it but I will figure it out over the weekend. Regardless I think this thing is going to tank and tank hard!
Sorry for the short post but im drained from the week!
Have a good weekend everyone!
Looking to short march oil monday at the price of 96.84. This thing is over and we are going drastically lower from here.
Also looking to short the s&p pretty quick. I have not really worked out how I am going to go about it but I will figure it out over the weekend. Regardless I think this thing is going to tank and tank hard!
Sorry for the short post but im drained from the week!
Have a good weekend everyone!
Currently the pound is trading 196.94 which is basically unchanged from friday. So far im down about $85 trading the pound this morning. Im trying to scalp the fucking thing instead of playing for the bigger money which imo im better at. I have this huge desire to trade everything I see but thats when my intra day trading gets really bad. I just need to keep the focus to only trade off of my 15 min chart and trade for the bigger bucks.
Im shorting march oil today at 96.84 just like I said I would.
Now its time to talk about the s&p. I believe we could go drastically lower in the stock market.......quite possibly to 1300!!! We are seeing a pop this morning just like I thought we would. I think we could take this thing to 1440-1450 before we can head lower. I look for a break below 1400 to be met with major selling. A break below 1400 and we are good to go down to 1300 rather quickly. My plan of attack is to wait until I get a confirmation that this "pop" is over with (whether that confirmation be above 1400 or below it doesn't really matter) then go short and look to take profits at 1300.
Im shorting march oil today at 96.84 just like I said I would.
Now its time to talk about the s&p. I believe we could go drastically lower in the stock market.......quite possibly to 1300!!! We are seeing a pop this morning just like I thought we would. I think we could take this thing to 1440-1450 before we can head lower. I look for a break below 1400 to be met with major selling. A break below 1400 and we are good to go down to 1300 rather quickly. My plan of attack is to wait until I get a confirmation that this "pop" is over with (whether that confirmation be above 1400 or below it doesn't really matter) then go short and look to take profits at 1300.
Pound ended at 196.43. I am still short at 197.29.
Got short 1 march crude oil today at 96.84. Its trading around 95 right now. I think this thing could possibly go to 76-78!!! I will add more shorts as we continue to break new lows.
S&P popped a little today but came way off of its highs. We are just about ready to go here. I am looking at selling the S&P with a break below todays low (Im talking on the big S&P chart). I don't have the exact number on me right now but thats what it is.
Got short 1 march crude oil today at 96.84. Its trading around 95 right now. I think this thing could possibly go to 76-78!!! I will add more shorts as we continue to break new lows.
S&P popped a little today but came way off of its highs. We are just about ready to go here. I am looking at selling the S&P with a break below todays low (Im talking on the big S&P chart). I don't have the exact number on me right now but thats what it is.
Well should be an interesting day today.
Yesterday the S&P traded a little lower than what I thought during the day (I thought we traded an inside day.......guess not ). So I will not be looking to short it today. We are up about $9 this morning. Like I said I expect a pop to 1440-1450 and then we head drastically lower.
Oil up a little over a buck I think this morning. I see no reason to panic because this is a volitile market. I will wait and see what today brings and then make another short later.
Pound is trading a little higher this morning also. Still short
Yesterday the S&P traded a little lower than what I thought during the day (I thought we traded an inside day.......guess not
). So I will not be looking to short it today. We are up about $9 this morning. Like I said I expect a pop to 1440-1450 and then we head drastically lower.Oil up a little over a buck I think this morning. I see no reason to panic because this is a volitile market. I will wait and see what today brings and then make another short later.
Pound is trading a little higher this morning also. Still short
Out of pound at 196.77. $325 profit. With the dollar looking to be worth next to nothing I don't want to be short the pound any longer.
Well to be honest I didn't think the S&P would go to hell (today) lol! I was planning on waiting for a little pop (around 1440-1450) and then wait for a reversal to get short. I did get short 2 es at 1409. Although I got a nice short sell, a little pop tomorrow morning up to around 1400 would not suprise me. This should be taken as another short opportunity. Believe me this thing is headed drastically lower! Weak dollar, high oil, bullshit fed, weak technicals, subprime crisis. It all leads to a recession and to be honest we should of seen this kind of weakness a long time ago (excluding august). I mean who couldn't see that this was going to happen? Now that we finally have the confirmation by price action I feel comfortable to keep selling if we continue to break lows or if we get a pop to 1400.
Looking for a short in march crude under todays low. A weak stock market=a weak oil market it doesn't take a genius to figure that out. Even a bullish eia report wont turn it around if we break through today's low tomorrow.
For some reason it brings a smile to my face when everyone is in turmoil and it looks like the world is going to hell!!!
Well to be honest I didn't think the S&P would go to hell (today) lol! I was planning on waiting for a little pop (around 1440-1450) and then wait for a reversal to get short. I did get short 2 es at 1409. Although I got a nice short sell, a little pop tomorrow morning up to around 1400 would not suprise me. This should be taken as another short opportunity. Believe me this thing is headed drastically lower! Weak dollar, high oil, bullshit fed, weak technicals, subprime crisis. It all leads to a recession and to be honest we should of seen this kind of weakness a long time ago (excluding august). I mean who couldn't see that this was going to happen? Now that we finally have the confirmation by price action I feel comfortable to keep selling if we continue to break lows or if we get a pop to 1400.
Looking for a short in march crude under todays low. A weak stock market=a weak oil market it doesn't take a genius to figure that out. Even a bullish eia report wont turn it around if we break through today's low tomorrow.
For some reason it brings a smile to my face when everyone is in turmoil and it looks like the world is going to hell!!!
Oil down about .80 this morning. Got short another contract at 95.09 yesterday. My average is now short 2 contracts at 95.96.
Shorted another 2 es at 1410. My average is now short 4 contracts at 1409.5.
Started trading the bund yesterday along with the pound and its very interesting to say the least. I made money yesterday and im up again this morning trading the bund but does anybody have any trading advice on the bund that you think could benifit me?
Shorted another 2 es at 1410. My average is now short 4 contracts at 1409.5.
Started trading the bund yesterday along with the pound and its very interesting to say the least. I made money yesterday and im up again this morning trading the bund but does anybody have any trading advice on the bund that you think could benifit me?
Didn't have any school today cause of the end of the semester so I have been glued to this screen since 3am and have had S&P squawk in my ears since 8:30. So im about ready to go out tonight and have some fun (not saying trading isn't fun)!!!
Shorted yet another S&P today at 1420. Average is now 1414.75 on 5 contracts (I should of just sold the big contract). We are going lower still imo but I wish we could of closed below 1400. I plan on taking profit on these contracts around 1300-1325 when we get there.
Oil just loves the downside and so do I I shorted another contract at 92.76. Average is now 94.37 on 3 contracts.
Was trading mainly s&p and euro fx today. I really like the s&p contract to trade intra day but sadly my hours don't allow to trade the stock indexes. Currencies are pretty much my only bet. Euro trades really nice though so I think im going to focus on that a little more.
Shorted yet another S&P today at 1420. Average is now 1414.75 on 5 contracts (I should of just sold the big contract). We are going lower still imo but I wish we could of closed below 1400. I plan on taking profit on these contracts around 1300-1325 when we get there.
Oil just loves the downside and so do I
I shorted another contract at 92.76. Average is now 94.37 on 3 contracts.Was trading mainly s&p and euro fx today. I really like the s&p contract to trade intra day but sadly my hours don't allow to trade the stock indexes. Currencies are pretty much my only bet. Euro trades really nice though so I think im going to focus on that a little more.