I had my stops moved up to cut my risk in half. Got stopped out for a small loss. I may go short again if it starts to roll over.
Category: Trades
Wheat-Possible Trade
Wheat looks to be putting in bottom here. I may go long at the 850 level with a stop at 815 and a target of 950.
Update: I am long but my stop is at 830.
Update again: I bailed on half of my long position. It is about to close below the neckline. Not something I want to be holding overnight. I may go back to 100% long depending on tomorrows close.
Short Crude Oil
The December Contract broke down from its rectangle today. I am short with a stop at 87 and a target of 75.
Yen, 10-Year and Corn
All stops are moved to a break even point for the Yen, the 10-Year and Corn.
Short CHTR
CHTR broke down from a descending triangle. I am short with a stop at 420 and a target of 295.
Blown Trade of the Year
I bailed on the Euro Dollar short position on 8/11 for a small loss. Looking back, I have no idea why I got scared out of this position. This was my emotions getting the best of me.
Positions Going Into Weekend
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
Total Open Profit/Loss Stocks | ||||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
6J | Short | 8/23/22 | 0.007326 | 0.0073 | 0.49% | |
ZC | Long | 8/23/22 | 654.75 | 665 | 1.57% | |
ZN | Short | 8/24/22 | 117.421875 | 117.56 | -0.12% | |
Total Open Profit/Loss Futures | 1.9% |
Short the 10-Year
The 10-year completed a failed head and shoulder pattern. I am short with a stop at 118’135 and a target of 112.
Long Corn
Corn completed a reversal ascending triangle. It could also be interpreted as a sloppy head and shoulder bottom. I am long with a stop at 637 and a target of 727.
Short The Yen
The Yen completed a head and shoulder failure pattern. I am short with a stop at 0.0074405 and a target of 0.00675.