06 November 2007

6-11-07 : Long Gold

Gold is on a steep trendline up. So I long Gold.
Queue to buy : 814.60
Stop loss : 813.50
Take profit : 817.00
Risk:Reward = 1.5 : 2.4
Duration = 10 days

6-11-07 : Silver made year high

Silver has steadily trend up since Aug, broke the channel up,
and cont to trend up till it broke this year's high.

May worth a long position.

6-11-07 : EUR-USD opportunity

The trend is still up. wait for retracement, then long it. Should be ok.

6-11-07 : Remember Iretex !

A $25,000 mistake. That is Iretex. Reason : Trust my remisier. Never see chart first.

6-11-07 : Bank Index at all time low

US Bank Sector Index has droppped to all time high of 410 to now 310.

With such a low point, one wonders if the bank stocks will cont to go down, particularly fundamentally strong counters like BSC, GS and JPM.

THus have to be more careful when shorting these counters.

6-11-07 : My EUR-USD trade done

5-11-07
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Short EUR-USD @ 1.4501
Close @ 1.4478
Profit = 23pips * $10 = $230
Duration = 1 day

6-11-07 : Short GBP-USD pair

GBP - USD Short Trade
=======================
Price now : 2.0812
target : 2.0650
cut loss : 2.0900
risk : reward = 88:162 = 1:1.84
duration : 20 days


6-11-07 : Long Coffee @ 120

Long Coffee Price : 120
Take profit : 130
Cut loss : 117
Risk : Reward = 3:10
Reason to long : retrace back to trendline and up again.

6-11-07 : Long MSCI Index

Taiwan MSCI index has experienced Fibo retracement. Now its up again.
Thus long the index based on Fibo.

Long price : 366
Cut Loss : 360
Take profit : 375
Risk : Reward = 6:15
Duration : 10 days

6-11-07 : Short Russell 2000 Index

Short Price : $792
Cut loss : $800
Take Profit : $770
Risk : Reward = 8:22 = 4:11
Duration : 10 days
Reason : Broke channel down