Hard To Watch
If you can believe it – I actually never watched A Clockwork Orange. This may sound strange given that I’m obviously a huge movie buff, but the simple reason is that I wanted to keep a handful of the classics of my youth unseen so that I would have something to look forward to when I got a bit older. Which I inceasingly am and that ‘still to enjoy’ list is steadily getting shorter.
General consensus is that it’s kind of hard to watch given the gratuitous amounts of senseless violence. Probably not a flick to watch on a crappy day, or maybe it’s the best? 😉
Anyway, looking at the E-Mini this morning I can’t help but feel a bit like Alex in the film’s famous torture scene. I want to avert my eyes but am forced to watch price run off wild after having stopped out a boatload of retail monkeys, me included.
Most definitely worth noting is how RV was bottoming out just before the big dip and turn. Which goes to show that you can never know how RV will resolve. You can only get positioned based on various high probability scenarios available. And even if you get that right then Ms. Market may still decide to kick you out of your positions.
The good news is that Ms. Market hates everyone the same, she’s an equal opportunity sadist and does not discriminate. So next time you feel like the market has it out of you just remember my various posts on how I got kicked in the groin without wearing a cup.
Natgas looks equally frustrating but really wasn’t as I was about to exit anyway due to the roll-over. So I got out with a bit over 1R with prospects of a potential re-entry.
My crude campaign is starting to look solid now and my stop advances to break/even. No roll-over here for a few weeks, so with a bit of mojo we may ride this one into 72.8.
The AUD/USD is also starting to take shape. Remember that I previously closed out a short campaign near break/even and then flipped for a long position. Which obviously more than makes up for the E-Mini misery above. I’m advancing my stop to -0.5R now as I can’t be sure this one has legs.
It finally happened, the EUR/USD managed to reach escape velocity and is now heading toward 1.2. Which of course sucks for Euro-dwelling expats like me. Well, at least my long campaign is mitigating the exchange rate penalty a little bit.
Okay, we really need to talk about the Dollar – please join me in the lair:
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