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Archive for the ‘Open positions’ Category

Sell order was activated on Friday at the asked for price, £64 in profit (64 points). Early in session tested over 750, but poor finish does not bode well for Monday (for the long side). Looking at the chart – break of trendline and on monthly, this month bar is largest in years [...]

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Trading update

Sold 2/5 of NY coffee – at entry price – no profit/loss as market is closed lower at 159.95, still £3pp open as ‘core position’ with a open loss of £4.50 (ie will ride through a correction as a barometer for when to add to position).
Bought NEM Newmont Mining again at $50.54 – £1pp [...]

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From now on, due to time pressures I will have to post only on Friday a review of the week, and Sunday for a general Big Picture, “Kitchen Cabinet” overview.
Update on Coffee, well, letting profits run on this one, as it didn’t want to get stopped out in the week when I tightened stops. [...]

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Coffee trade still on, set tight stops but market just continued higher today – slight correction from yesterday, set stops at 2156 (1), 2148 (1), 2146 (1) and 2120 (2) so only the 2156 got hit before price took off again and setttled at 2181. So still 4/5 of position still open may move [...]

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My positions in coffee are showing a combined profit of £947 as of today (Robusta £607 and Arabica £340). I am feeling that it has been a good run up recently, since December and have no reason to sell, but for some reason am feeling a bit edgy about the position.

Possibly size wise the [...]

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Cafe’ espresso

Breakout day for near month coffee (March)… High of the day was 144.00, and no time to set buy stops, so will double up position tommorow as price pulled back to 142.50.
Robusta also showing strength, other positions, Sugar closed out 2/5 position left with 1/5 open in loss.
Silver 1/5 closed and 2/5 still open, want [...]

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Friday saw some changes to my trades, I have been recently stepping back from daily trading and just managing, or handling my positions as this suits the approach I am confortable with. The numbers are fairly modest but at the moment it is time for gradual progress and building a trading stake – there [...]

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Here is my open position as of yesterday, Coffee has gained today and made a high at 2128 before falling back some, as have silver, buying more at 1710.

Long DAX30 since closed for a loss of about £75 and also stopped out of £15/point NR at 106. Will buy back in as it moves [...]

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Hello again, thought I would post current open positions on Friday 18 January 2008 and the orders in place for the current week – strategy is – open small initial “probe” at minimum size “bet” and if shows profit and chart looks promising we’ll add more – and weed out the losers as we go. [...]

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