15 July 2010

Core Book : Updated Charts

  • Apologies for lack of posts last few days. Not much to say. Lacking inspiration, price action unexciting. Trading slow, awaiting current positions to perform or die.
  • Attached updated weekly charts of open positions.
  • +Gold : Uptrend intact. Feels like base building around 1200. Would be comforting if we can close above 1226 again.
  • -US10YY : Most favored chart. Will probably want to increase long TY position soon.
  • -EUR/+GBP : Like this trade as long as we don't get above 0.84.
  • S&P500 : Interpreting current strength as distorted right shoulder ie still down eventually. Small trade only, definitely not for adding onto unlike US10YY. At least not yet.

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