Thursday, September 6, 2012

Updating my trade update

Exited my AUD/USD short for now, will pick it up again later.  I didn't listen to my yesterday-self.  I got out yesterday, counting on enthusiasm from the ECB whatever they decided, but then this morning thought it had run its course by the time the conference was finished, so shorted again.  I need to stop getting caught up in minute-to-minute price action.  Stop looking at the screen!!!  Anyways, index-wise I'm about where I started my HG short a month or two ago, so I'll bother updating my index later.

Meanwhile, I'm about to short silver.  I'm taking a gamble on NFP tomorrow being stronger than expected (based on the Employment components of both ISM reports and the ADP report), and anyways, strong enough to keep the Fed from more QE.  I've already bought some silver puts, and I'm going to short the futures as well when the market reopens.  We'll see what happens...

Update: quickly exited my silver trade. 

Tuesday, September 4, 2012

Trade Update

I got caught in the metals upswing a little a couple weeks ago (which looks like an interesting short opportunity, but not yet), so I decided to exit my short copper trade and short AUD/USD on 8/22/12 at around 1.05.