The One That Got Away

You may think that I’m referring to my short positions in the spoos but you would be horribly wrong. Saw that one coming a few miles out and exited at break/even as previously planned.

And also as previously planned – I am long since 2112 with a stop below 2105. Let’s see if we finally get some directional tape, but who knows. I’ve managed to traverse this sideways mess this far without getting my ass kicked but something tells me to better not test my luck. There are limits to Ms. Market’s patience – even for the mighty trading Mole.

Now what I was referring to in my title is … gold. You may remember this one from two days ago. I saw a potential break out chart and was waiting for a teeny weeny dip to the downside to grab some longs. Only problem is – it never happened and I didn’t get my fill.

If there is one thing that absolutely truly annoys me is when I read the market right and for some reason don’t get a seat on the bus. I know – I should listen to my own advice – better wishing to be in a trade than wishing to be out of one. Rub it in! Instead I choose to console myself with the campaigns that are running as planned.

Natgas – very sweet entry that same day actually and it’s off to the races. We’re now touching the 25-week SMA and as you can see the 100-day BB is narrow as hell. I say we have ourselves a runner here and I suggest you let this sucker run all the way.

CHF/JPY – equally perfect entry and it already bounced against a NLBL – thus far it’s unable to muster enough mojo for continuation higher. I’m moving stop near 129.80 – let’s see if she can bounce from the daily lows.

AUD/USD – excellent progress so far although the past day or so is looking mixed. Again I’m trailing here – this time I’m using a daily NLBL, expecting support nearby.

EUR/GBP – it’s been ‘meh’ but it’s holding thus far. My stop is now at break/even – only giving this one 30% chance to resolve successfully.

Speaking of the Euro – I have put together some long term EUR/USD perspectives for the subs. Please meet me in the lair:

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Cheers,