Category: Trades

Platinum has not been very kind. The moment I take a position in this market, it seems to want to go the other way. Having said that, Platinum is making a failed Head and Shoulders pattern.

I took a short position at 811.90 with a target of 750. I placed stop at 824.5.

30 year bonds made a double bottom.

I went long at 140.14. Stop is placed at 138.28 with a target at 143. Given markets around the world are in a correction, investors will probably rush into US bonds for “safety”.

Soybeans looks to be making a bottom. I will go long with a decisive break above 9.00 with a target of 10.00.

For those interested in trying to catch a falling knife, crude oil appears to have bottomed.

I do not plan to try to catch the bottom but this feels like one could catch a bounce back to 65 here with a stop at 55.

The Platinum  trade failed to materialize and was stopped out for a loss.

Platinum made a head and shoulder bottom. Target is 950. Stop is placed at 841.

Platinum is making a H&S bottom. Although it is a sloppy H&S bottom, I am willing to take this trade with a break above $850.

The Germany Stock market just made a head and shoulder top.

Placed stop at 12100. Target is 10800. The right shoulder dragged out a little bit but the drop today on good volume indicates this will have some follow through.

The market action today was strange. Massive drop in stock markets around the world but the US dollar or US bond market did not move. Asia was relatively stable. This could indicate investors are worried about rising interest rates in the US. This is the type of action I expect when the bond bull market is ending. I am watching for follow through on these moves to confirm.

The long bond completed its pattern. Failed H&S are among the best trades.

The New Zealand Dollar has come close enough for me. I have closed the position. It felt like an eternity being in this market.

SP500 and Nikkei have reached targets and exceeded. I will exit Sunday night.

Moved stop up to 2900 to lock in profits on the SP500.

Near 3000 I will exit. Locked in massive profits and do not want to give it all back.

I should probably just exit the New Zealand Dollar trade and be thankful I have some profits. It seems to be taking forever to get to its target. I am moving stop down to .6759 to the break even point.

Finally, portrait of a perfect trade. This is one for the text books.