Wednesday, July 22, 2009

Wednesday 23 July

Today is the new moon and a Gann pivot day. Here is hoping:)
Crude inventories and big GBP news too.

GBPCHF short 1.7510, stop 1.7535, targets 1.7375, 1.7110
NZDUSD short 0.6550, stop 0.6600, targets 0.6430, 0.6200
Cable, stopped out balance yesterdays trade 1.6420 (+1.0%)
GBPCHF stopped out (-1.0%)
Crude short 64.90, stop 65.10 - addition
Cable short 1.6420, stop 1.6450 - again :(
Crude banked 50% of todays short @ 3xR $64.00 (+1.5%)
Cocoa banked 50% @ 3xR 2,787 (+1.5%)
Crude stopped out of balance of todays trade (-0.5%)
Cable stopped out (-1%)
NZDUSD stopped out (-1%)
GBPJPY stopped balance of yesterdays trade 154.35 (+1%)

Great divergence on the NZDUSD daily and hourly charts ... did not work today ...
My first real money commodity trade going OK.
+1.5% for the day

I feel like shit today. I feel like I have been in the washing machine on the heavy duty cycle, really churned around.
I give in, I concede defeat, the recession is over, equities are going to the moon and the last year was just a bad dream. House prices are about to rebound massively so hurry up and buy another one and don't worry about the unemployment, that was all a bad dream too, and any day now everyone will be out spending again. Because a select few banks (not all) made money with free government money and massive risk means we are all going to be alright!!
The fact that I am even thinking this or that I should buy the S&P on dips now means the top must really be in, the last of the lemmings are on board ... Tomorrow it will die ...

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