Sky Diving Elvis’

I’m going to dip my toe into a few symbols today again – however let’s re-emphasize again that small position sizing clearly should be our modus operandi for the foreseeable future. It is important that you understand that a practice of small position sizing (e.g. < 0.5% per campaign) and wider stops does not hamper our ability to profit but instead leverages this high volatility market phase in our favor. To place large bets during this period is tantamount to gambling, and if that’s what you’re after then I suggest you head for Vegas or Reno.

At least there you get to enjoy low priced hotel rooms, pool side entertainment, a sky diving Elvis, and girls in skimpy outfits serving you free drinks while they suck money out of your wallets*. You have been warned.

UPDATE: I had posted a ZB and ZN long trade but they hit the stop a few minutes after. I don’t see much edge in a short position here so I’m waiting for instructions. Meanwhile this is what’s left on the menu this morning:

2015-08-26_GBPCHF_briefing

GBP/CHF has been dancing on the 100-day SMA and I’m long here. However if stopped out near 1.46 I plan on reversing to short position. Again, SMALL position sizing – I’m taking 0.33% R position sizes today.


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2015-08-26_events

A little bit of event risk today an hour before the open. You have been briefed – now have fun but keep it frosty.

Cheers,

* Why am I not in Vegas right now again?

Simple Trend Trades

I’m going to keep it super simple today. Over the past few months we have observed increasing evidence of two medium trend shifts – a swing down on the equities and a push up on the bond side. My simple modus operandi going forward is to wait for short term trend trading opportunities in order to be positioned if/once we finally see acceleration. Yeah, I know – hopefully sometime this year – it’s been painful.

2015-08-17_bonds_briefing

Bonds have been on a strong trajectory higher but have pulled back a little over the past few sessions. From here we either revisit the 100-day SMA or we proceed higher in the near term future. I’m currently long the ZB but will flip for a short position if we drop through 158.

2015-08-17_spoos_briefing

Equities – not as clear as the situation in bonds just. It’s hard to miss that falling diagonal on the spoos however and it’s now touching the 100-day SMA. Which means make or break time. It’s all fun and games until the bulls suddenly find themselves 100 handles lower. I’m cautiously short but do still leave the door open for another FU push higher. Distribution is as distribution does.

Not much else going on this morning but I did dig up two juicy GBP campaigns. Please meet me in the lair:


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Cheers,

Heavy Metal Friday

The Eurogroup meeting is starting in a few minutes and I hope that it won’t blow too many of my setups out of the water. I’m already seeing a lot of talk of why Draghi may jawbone the Euro down, which is why I’m glad that I made several runs to the ATM over the past few days (meaning a short squeeze may be coming).

2015-08-14_gold_briefing

Anyway it looks like it’s going to be a heavy metal Friday folks! Gold is back down for a bit of mean reversion and I’m liking it long here.

2015-08-14_silver_briefing

Similarly silver may be a long here – I’m taking out a teeny weeny position with a stop below 15.250.

2015-08-14_EURUSD_briefing

So yes, the Euro may drop lower today but in general I think the Forex specs are trying to call Draghi’s bluff. I am short a small position but expect to be long here at the 100-hour SMA or 1.118 – whatever touches first.

But we’re just getting warmed up. I’ve dug up the motherlode on the Forex side this morning – and I got futures goodies as well. Please meet me in the lair for more:


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Please login or subscribe here to see the remainder of this post.

Having discovered Days Of Jupiter just two days ago I’ve become absolutely nuts about these guys. Don’t remember being so excited about a band in a very long time. If you feel similarly then help pass on the word – let’s promote those hard rocking Swedes!

Cheers,




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    1. Inside The Mind Of A Retail Rat
    2. Taking Profits
    3. Relive The Bounce
    4. Rammstein
    5. Sky Diving Elvis’
    6. Steadily – Consistently – Systematically
    7. The Tale Of The Big Bad Bear
    8. Long Term Support
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