see ya again

Away for a while as I was drunk and forgot about the whole thing. Anyway, I have done not much except daytrading. Remind by a friend and thus start to write again.

On this day of the FOMC, feel nothing special. But reading Fed's BEN saying that the US deficits causing by other countries investing in US, I feel US is the biggest bull in the world. Sorry but its shit moves the world. Maybe it is the way it is - weakening usd and artificial jacking up of assets. My theory is tendency to buy the equity market and currencies.

Anyway, sp test another low of 1184 for this year, seeing lower low for this wave, afraid to buy now. Let's see, but will definitely sell 1160 june put around 25.

I am buying gold. Started at june future 440. I see inflation coming and chart telling me to target 485 this year. Plan to take on large position.

Not sure about HK, I see comfort at 13400 to buy and only if it break thur 14300 then I see need to chase.

For now, boring ... but ok as easter happiness is nearby.

good escape

managed to escape the big drop yesterday when sp dropped 15pts. thinking of getting back in below 1182 or when mkt rebound to 1188. anyway, will definitely sell june sp 1160put when more than 20pts. buy yen at 104.75, stop at 105.5 or add? not sure yet, but yen is a buy on jp repatriation. hk maybe a buy at 13600 or below. but if it is a slow drop, hold till 13200.

1st round finished

Square all positions on SP when mkt retrace. Keep profit is always better. Uptrend still intact until 1188, but I prefer to watch with $ in my pocket.

Watch out for EUR at 1.28 level to buy...may get it on Bush's visit in Europe.

See HK with caution - when everyone bullish on land auction and HK bank result, I sense retracement. Buy 14000put and wait to hold futures.

DAILY TRADING OPPORTUNITY

In view of highly possible mkt going upp, decided to buy every session to capture short term profit.

Bought at 1208 and hope to take profit this session at 1212. If not buy one more at 1202 avg at 1205. Again, I do not see it going below 1200.

HK, I bought a put at 14000 for 100pts, will buy a future below strike.

Sell EUR at 1.3055 - good trade.

1st milestone in sight

With SP reaching 1207, I think the 1212 markt will soon be broken. Right now, right on.

As suggested by Tommy the trader, will buy a dose everyday and take profit on every 5 or more pts; hold on till stop.

Today, placed order to buy at 1205 and stop on break of 1200 and possible take profit on 1212.

The rest, will just hold on.

Also, took first profit on EUR. Wait for 1.3055 to sell.

Tomorrow will be the day to start trading in HK. Let's see.

1ST TEST OF FAITH

See, it works in a mysterious way. Mkt down on CSCO not beating revenue. No problem, chances for me to buy accordingly. Now bought 2 lots more with mean at 1198. Techs still working and as long as not nearing 1183, I should be OK.

Short term trade - buy EUR at 1.2770, see profit at 1.2885 and stop at 1.2710.

RIGHT ON - BUY MORE

Seems right. Mkt moving in the right direction, if it close above 1205, should buy one lot more. Anyway, wait till CSCO announces, good news, buy on globex.

Want to be lazy for vacation - skiing is fun, but definitely costs too much, need success in my investment to pay for it.

Wait for EUR to turn, maybe I'll follow Bill and Warren on shorting the dollar. Let's see.