Close But No Cigar
This has been a pretty rough week for my teeth plus the vanity laser treatment I received yesterday now makes my face look like as if I went three rounds with Conor McGregor. On the upside nobody in their right mind is going to mess with me now as I look even scarier than usual. Alright Monday is a trading holiday and most of you guys are probably on the way out. Let’s see where we are this morning:
I almost got stopped out at break/even yesterday afternoon and then once again overnight. Close but no cigar and my long campaign is currently scraping ~0.5R.
What worries me a bit is a potential failure of the daily NLBL at ES 2736.5, which we would have on the books if the S&P gets dropped lower in light trading today. The possible consequence of that is a revisit of the 2700 mark.
And to be honest, given the current formation on the daily/weekly, this scenario would make the most sense to me. But alas I’m long here with a stop at b/e – and to quote ole’ Julius: alea iacta est.
My gold campaign has made a surprising recovery and although I’m not yet ready to advance my stop to break/even I have an inkling we may be looking at a break-out formation here.
Not surprisingly my USD/JPY campaign has not fared so well. Which is fine as I never expected to run both concurrently without losing in one of them.
It has happened before and this may be yet another time I get to have my cake and eat it too. Anyway I’m out at 1R as it hit my stop almost by the tick. Wouldn’t be surprised if it would reverse here and not look back.
Hey, you guys didn’t really this trading racket would be easy? Ha!!
I’m extremely ticked off about missing a great entry on the ZB futures. Had been pining for that one for over a week now and kept pimping it to my intrepid subs.
And then completely missed out on a picture perfect entry whilst sitting at the dentist to get a temporary crown – for the third time in a row I may add.
Cunning Plan Thwarted By Sadistic Spanish Dentist. — How’s that for a headline?
I really hope some of you subs grabbed this one because if it manages to breach 147 then it’s off to the races here.
Alright, I’m off to the gym as I’ve only been there once this week. See you guys on next Tuesday 😉