Yesterday was my first day back at the gym and managed to snap right back into my full routine in stark contrast of me barely being able to walk upright just last Sunday. As the saying goes: No Pain – No Gain, or in Yuletide terms: No Lift No Gift! Which pretty much has been my motto for most of this year as I’ve been working my ass off 10 hours plus seven days a week on the quant system front, all of which is slowly starting to pay off now. More on that to follow over the coming weeks after alpha testing has completed.
Christmas is only days away and I’m sure you have more urgent things to attend than to stare at charts or talk about them. But for the die-hards amongst you and the 5 Billion non-Christians frequenting this blog I thought I’d throw up a few forex charts, some of which appear to be ripe for the plucking today or tomorrow.
Not surprisingly we are now seeing a bit of post Thanksgiving profit taking on both the equity and currency side. Had I not been stopped out on Friday already I most definitely would have been yesterday. And now the trails of both of my forex campaigns also received a visit so I’m almost all in cash. Holiday weeks are great periods for break-out formations due to less liquidity allowing institutional traders to leverage their market moving capabilities and pin the tape to their liking.
Sorry guys but casual Friday will have to be postponed until further notice as we’re too busy banking coin and taking numbers. On top of a veritable laundry list of winning campaigns over the past few weeks we managed to grab a very fortuitous entry on the E-Mini yesterday right ahead of the opening bell. As I was a bit pressed for time Thursday morning I thought it worthwhile to share some of my pertinent perspectives today, i.e. what caused me to suggest this campaign in the first place and how my initial beliefs were confirmed later in the session.